LME aluminium prices edged lower on September 4 compared with the previous trading day, while aluminium stocks also declined marginally. The most notable movement was in cancelled warrants, which fell by more than 38 per cent day on day. On September 4, the LME aluminium cash bid price stood at USD...
The London Metal Exchange (LME) aluminium price faltered across the pricing and contract segments on the September 2 close. The trend reflected a contrast of the surge reported in the September 1 session . The LME aluminium cash bid pulled back by 0.18 per cent day-on-day on September 2, down to...
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According to the US Census Bureau data, domestic primary aluminium production in February 2023 was 59,000 tonnes, reflecting a decline of 5,000 tonnes or 7.81 per cent month-on-month. In January, the US primary aluminium output was 64,000 tonnes, muted from the previous month. On a year-on-year...
According to the Shanghai Metals Market data, A00 aluminium ingot price has fallen for the third day despite sluggish primary aluminium inventories across China. Then what could be the reason behind the price fall? Well, weaker metal consumption by downstream producers could be a factor for the...
A billet is one of the most widely used aluminium product forms globally. Billets are created directly through continuous casting or extrusion or indirectly through hot rolling an ingot or bloom. The billet usually is suitable for alloyed aluminium. As per the data, on Thursday, April 20, the...
China’s social inventories of aluminium ingot across eight major consumption areas, including SHFE warrants, decreased by 72,000 tonnes week-on-week to come below 1 million tonnes on Thursday, April 13, found the Shanghai Metals Market survey. Data shows the inventories totalled 966,000 tonnes this...
According to the Shanghai Metals Market survey, China’s aluminium production in March 2023 (31 calendar days) stood at 3.41 million tonnes, registering an increase of 10.35 per cent month-on-month from 3.09 million tonnes. The data indicates that the monthly rise in March output brought it to the...
According to the Shanghai Metals Market, social inventories of primary aluminium in China across eight major consumption areas dropped 32,000 tonnes at the beginning of the week on April 10, 2023. Thus, according to SMM, the inventories totalled 1.006 million tonnes. On a week-on-week basis, the...
A billet is one of the most widely used aluminium product forms globally. Billets are created directly through continuous casting or extrusion or indirectly through hot rolling an ingot or bloom. The billet is normally suitable for alloyed aluminium. As per the data, on Thursday, April 6, the...
According to the Shanghai Metals Market, China’s social inventories of primary aluminium across eight major consumption areas, including SHFE warrants, stood further down over the weekend by 22,000 tonnes as of Monday, April 3. Thus, SMM data showed the inventories totalled 1.066 million tonnes on...
According to the Shanghai Metals Market survey, China’s social inventories of aluminium billet plunged by 9,600 tonnes week-on-week to settle at 158,400 tonnes as of March 30. The inventories extended downfall at a higher rate this week compared to a drop of 1,500 tonnes in the week ended March 23...
According to the Shanghai Metals Market, China’s social inventories of aluminium ingot further lost 38,000 tonnes over a week across the eight major consumption areas, including SHFE warrants, to stand at 1.09 million tonnes as of Thursday, March 30. But it is to be noted that the weekly decline...
On March 27, 2023, Marubeni Corp. reported that aluminium stocks at three major Japanese ports, Yokohama, Nagoya and Osaka, dipped by 2.6 per cent to 382,400 tonnes at the end of February 2023 from 392,500 tonnes from January 2023. Japan's largest trading company, Marubeni Corp., has been...
According to the Shanghai Metals Market survey, China’s social inventories of aluminium ingot have continued destocking over the weekend ending March 27, 2023. Data shows the inventories have decreased by 18,000 tonnes from Thursday, March 23, to total 1.11 million tonnes but stand 55,000 tonnes...
According to the Shanghai Metals Market, China's primary aluminium inventories have witnessed a considerable slump of 85,000 tonnes on a weekly basis across eight major consumption areas, including SHFE warrants. On Thursday, March 23, the inventories came in at 1,126,000 tonnes, which in...
According to the US Census Bureau survey, the United States' primary aluminium output started the year 2023 with a monthly restraint. Data shows the country's monthly aluminium production continued to stand at 64,000 tonnes in January, but the average daily output slightly dipped from 2,060 tonnes...
According to the Shanghai Metals Market survey, China’s aluminium billet inventories again decreased week-on-week but at a lower rate as of Thursday, March 23, after the two former weeks of hikes. As per the SMM data, the inventories dipped by 1,500 tonnes from a week ago to amount to 167,900...
LME aluminium opened at US$2,284.5 per tonne on Monday, with its high and low at US$2,300 per tonne and US$2,254 per tonne, respectively, before closing at US$2,284 per tonne, an increase of US$6 per tonne or 0.26 per cent. On March 20, Monday, the LME aluminium cash bid price ascended by US$7 per...
According to the Shanghai Metals Market, China's primary aluminium inventories massively fell by 56,000 tonnes on a weekly basis across eight major consumption areas, including SHFE warrants. This can be considered a major fall after two months of successive inventory accumulation. On Thursday,...
A billet is one of the most widely used aluminium product forms globally. Billets are created directly through continuous casting or extrusion or indirectly through hot rolling an ingot or bloom. The billet is normally suitable for alloyed aluminium. As per the data, on March 16, the aluminium...
