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 Shanghai Metals Market, social inventories of primary aluminium across China’s eight major consumption areas, including SHFE warrants, totalled 553,000 tonnes, losing further 23,000 tonnes over the weekend ended November 14. On a week-on-week basis, primary aluminium inventories...
According to the Shanghai Metals Market, primary aluminium inventories in China witnessed a decrease of 4,000 tonnes week-on-week across eight major consumption areas, including SHFE warrants. Therefore, on Thursday, November 10, the inventories totalled 576,000 tonnes, which in comparison with the...
On Thursday, November 10, the social inventory of aluminium billets in China decreased by 6,300 tonnes or 10.41 per cent W-o-W to 54,200 tonnes. Overall, transportation will improve, but supplies' stability might be compromised by the pandemic's resurgence. The inventory of aluminium billets is...
Social inventories of primary aluminium in China have further lost 9,000 tonnes over the weekend ended November 7, 2022, across eight major consumption areas, including SHFE warrants, found the Shanghai Metals Market. Thus, the inventories froze at 571,000 tonnes as of November 7, down by 42,000...
According to the Shanghai Metals Market, social inventories of primary aluminium continued to decline week-on-week by 41,000 tonnes, ended November 3, 2022. The stocks plunged across eight major consumption areas across China, including SHFE warrants, to total 580,000 tonnes, down by 33,000 tonnes...
A billet is one of the most widely used aluminium product forms globally. Billets can be produced immediately by continuous casting, extrusion, or hot rolling an ingot or bloom. On Thursday, November 3, aluminium billet inventories in China increased by 4,700 tonnes W-o-W, closing at 60,500 tonnes....
In August 2022, the United States’ domestic primary aluminium production stood at 61,000 tonnes, falling further, although at a lower rate than the previous month, found the US Census Bureau data. The output in July fell by 14,000 tonnes M-o-M to come in at 64,000 tonnes, while that in August...
Social inventories of primary aluminium across China’s eight major consumption areas, including SHFE warrants, stood at 613,000 tonnes, after being slipped by 8,000 tonnes or 1.29 per cent over the weekend from 621,000 tonnes, found the Shanghai Metals Market data. On a week-on-week calculation,...
According to the Shanghai Metals Market, primary aluminium inventories in China witnessed a decrease of 15,000 tonnes week-on-week across eight major consumption areas, including SHFE warrants. Therefore, on Thursday, October 27, the inventories totalled 621,000 tonnes, which in comparison with the...
As of October 27, the domestic aluminium billet social inventory settled at 55,800 tonnes, down by 16,100 tonnes from the previous week. Since the National Day break ended, the inventory witnessed a downfall and was also at its lowest point in recent years. The figure below provides further...
On Thursday, October 20, aluminium billet inventories in China witnessed a downfall for two consecutive weeks. As per the data, the inventories plunged by 25,700 tonnes or 26.33 per cent to close at 71,900 tonnes. All five of the major regions witnessed a decline. Due to smelters in Yunnan reducing...
Social inventories of primary aluminium in China amounted to 626,000 tonnes across eight major consumption areas, including SHFE warrants, on Monday, October 24, according to the Shanghai Metals Market. SMM found the inventories decreased by 10,000 tonnes over the weekend but edged 6,000 tonnes...
According to the Shanghai Metals Market, China’s social inventories of primary aluminium totalled 636,000 tonnes across eight major consumption areas, including SHFE warrants, as of Thursday, October 20. That was a downfall of 28,000 tonnes from Monday and 19,000 tonnes a week ago. On Monday,...
According to the US Census Bureau data, domestic primary aluminium production in July 2022 was 64,000 tonnes, with daily average output at 2,070 tonnes. Compared to the previous month, monthly aluminium production in July edged 14,000 tonnes or 17.95 per cent lower than 78,000 tonnes and daily...
LME aluminium opened at US$2,245 per tonne on Tuesday, with its high and low at US$2,258 per tonne and US$2,178 per tonne, respectively, before closing at US$2,180 per tonne, a drop of US$64 per tonne or 2.85 per cent. Growing inventory and weak demand sent LME aluminium lower. On Tuesday, October...
LME aluminium opened at US$2,301 per tonne on Monday and closed at US$2,214 per tonne, down US$46.5 per tonne or 2.03 per cent. On Monday, October 17, aluminium prices dropped due to large deliveries to warehouses approved by the London Metal Exchange (LME). Both LME aluminium cash bid price and...
The market research and analysis wing of RHB Malaysia, RHB Research, states that Press Metal Aluminium Holdings Bhd is a vital proxy of sustainable low-carbon producing aluminium smelters. In a recent report to its clients, the research agency said, "This is amid the global decarbonization efforts...
LME aluminium opened at US$2,330 per tonne last Friday, with its intraday high and low at US$2,393 per tonne and US$2,287 per tonne, respectively, before closing at US$2,290 per tonne, a drop of US$61.5 per tonne or 2.61 per cent. The decline was caused by the growing LME aluminium inventory. On...
