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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On Thursday, October 13, aluminium billet inventories in China dwindled by 10,000 tonnes or 9.29 per cent across five major consumption areas. The inventory settled at 97,600 tonnes from 107,600 tonnes recorded on Monday, October 10. Shipments from Yunnan and Xinjiang to Guangdong were decreased by...
The Shanghai Metals Market survey found social inventories of primary aluminium built-up 55,000 tonnes across eight major Chinese consumption areas, including SHFE warrants, during the National Day holiday ended October 7, 2022. As of Saturday, October 8, inventories totalled 674,000 tonnes, up by...
As of Thursday, September 29, aluminium billet inventory in China nosedived by 26,000 tonnes W-o-W across four major consumption areas. The inventory closed at 80,100 tonnes from 106,100 tonnes recorded last week. The figure below provides further information on the current state of aluminium...
The share price of Press Metal Aluminium Holdings Bhd is being positively affected due to the instability in aluminium prices, due to the introduction of the hedging policy. Since both are inter-connected, this situation was first observed during the initial days of the pandemic by Affin Hwang...
According to the Shanghai Metals Market, social inventories of primary aluminium across China’s eight major consumption areas, including SHFE warrants, decreased by 14,000 tonnes over the weekend to a total 652,000 tonnes. On a week-on-week basis, the inventories plunged by 33,000 tonnes on Monday,...
LME aluminium opened at US$2,222 per tonne last Friday and closed at US$2,167 per tonne, down US$56 per tonne or 2.52 per cent. On Friday, September 23, both LME aluminium cash bid price and LME aluminium official settlement price dwindled by US$43 per tonne or 1.95 per cent and US$42.5 per tonne...
On Thursday, September 22, SMM's stockpile of aluminium billets was 106,100 tonnes, down 8,800 tonnes from the previous week. Overall, the market mood remained relatively consistent this week despite slight fluctuations in aluminium prices and minor social inventory reduction due to pre-holiday...
According to the Shanghai Metals Market, primary aluminium inventories in China witnessed a decrease of 9,000 tonnes week-on-week across eight major consumption areas, including SHFE warrants. Therefore, on Thursday, September 22, the inventories totalled 666,000 tonnes, which in comparison with...
Social inventories of aluminium ingot across China’s eight major consumption areas, including SHFE warrants, grew by 10,000 tonnes over the weekend ended Monday, September 19, to stand at 685,000 tonnes, found the Shanghai Metals Market. But compared to the previous Monday, September 12, the...
On Thursday, September 15, the domestic social inventory of aluminium billets dropped by 2,700 tonnes or 2.29 per cent across three major consumption areas to close at 114,900 tonnes. This month, the orders received by downstream businesses had hardly improved. Since downstream producers are...
According to the Shanghai Metals Market, China’s aluminium production in August (31 calendar days) amounted to 3.488 million tonnes, reflecting a steady trend compared to 3.5 million tonnes in the previous month and 8.16 per cent higher than in a year ago. The total output during January-September...
According to the Shanghai Metals Market, social inventories of primary aluminium across China’s eight major consumption areas, including SHFE warrants, accumulated 24,000 tonnes over the extended weekend ending Tuesday, September 13. Thus, as per the data, the inventories have totalled 696,000...
According to the Shanghai Metals Market, primary aluminium inventories in China witnessed a decrease of 11,000 tonnes week-on-week across eight major consumption areas, including SHFE warrants. Therefore, on Thursday, September 8, the inventories totalled 672,000 tonnes, which in comparison with...
On Thursday, September 8, China's aluminium billet inventories plunged by 2,100 tonnes W-o-W across four major consumption areas. All other regions showed a reduction in their inventories, except Foshan, which had a build-up. Due to rising aluminium prices, downstream purchasers stocked at reduced...
LME aluminium opened at $2,263 per tonne on Wednesday and closed at $2,241 per tonne. On Wednesday, September 7, both LME aluminium cash bid price and LME aluminium official settlement price dropped by US$28 per tonne or 1.24 per cent and US$29.5 per tonne or 1.30 per cent to settle at US$2,230 per...
Social inventories of primary aluminium in China have dropped over the weekend ended Monday, September 5, across eight major consumption areas, including SHFE warrants, following rises last week. Shanghai Metals Market data shows inventories have totalled 681,000 tonnes, down by 2,000 tonnes over...
On Thursday, September 1, China’s aluminium billet inventories descended by 500 tonnes or 0.41 per cent W-o-W to settle at 119,700 tonnes. All the other regions showed a decrease in inventory, except Foshan. Following the drop in aluminium prices, some small-scale restocking activities were noted....
The United States’ domestic primary aluminium production in June 2022 stood at 78,000 tonnes, bringing the total output of the first half of the year to 485,000 tonnes, showed the US Census Bureau. The United States’ primary aluminium production in June reflected a decrease of 6,000 tonnes or 7.14...
