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...
Grow with
AL Circle
Social inventories of primary aluminium in China have continued to decline by 8,000 tonnes over the weekend ended Monday, June 6, across eight major consumption areas, including SHFE warrants. According to the Shanghai Metals Market, the further decline in inventories has brought the total volume...
According to the Shanghai Metals Market, China’s social inventories of primary aluminium extended decline on Thursday, June 2, across eight major consumption areas, including SHFE warrants. As per the data found, the inventories fell sharply by 55,000 tonnes over the week and 151,000 tonnes from...
China’s aluminium billet inventory has plunged by 3,000 tonnes W-o-W to settle at 127,100 tonnes. Yesterday, downstream purchases were bolstered by the sharp fall in aluminium prices and the forthcoming Dragon Boat Festival. Overall, downstream consumption has rebounded, and the market is confident...
Aluminium billet inventory in China on May 26 has dropped by 6,300 tonnes or 4.61 percent W-o-W to total at 130,100 tonnes. In provinces like Foshan, Nanchang and Changzhou the inventory has fallen the highest. SMM will keep a close eye on whether demand recovers and whether the destocking trend...
Social inventories of primary aluminium in China have decreased by 28,000 tonnes week-on-week across eight major consumption areas, including SHFE warrants, found the Shanghai Metals Market. That brought the inventories to 937,000 tonnes on Thursday, May 26, which compared to Monday, May 23, were...
LME aluminium opened at US$2,889.5 per tonne on Wednesday and closed at US$2,868 per tonne, down US$9 per tonne or 0.31 per cent. On Wednesday, May 25, both LME aluminium cash bid price and LME aluminium official settlement price dropped for the second day by US$51.5 per tonne or 1.78 per cent to...
According to the Shanghai Metals Market, social inventories of primary aluminium in China decreased by 42,000 tones week-on-week across eight major consumption areas, including SHFE warrants, to come in at 942,000 tonnes as of Monday, May 23. Compared to last Thursday, May 19, primary aluminium...
On May 19, China’s domestic aluminium billet inventory slumped by 2,300 tonnes or 1.66 percent W-o-W to score at 136,400 tonnes. Following the drop in aluminium prices and conversion margins, downstream purchasers were more eager to enter the market. SMM will be watching to see if consumption...
According to the Shanghai Metals Market, social inventories of primary aluminium have decreased by 38,000 tonnes week-on-week across eight major consumption areas in China, including SHFE warrants, to come in at 965,000 tonnes as of Thursday, May 19. Compared to this Monday, May 16, the inventories...
Aluminium supplies to Europe to fill the scarcity in the region will further lower the aluminium inventories in LME-approved warehouses over the coming days and weeks from its current 17-year low. Citi analyst Max Layton has analysed and noted that aluminium supply will continue to remain weak in...
According to the Shanghai Metals Market, social inventories of primary aluminium have declined over the weekend ending May 16 by 19,000 tonnes or 1.89 per cent across eight major consumption areas, including SHFE warrants. On a year-on-year calculation, the inventories are down by 77,000 tonnes...
Aluminium stocks in the London Metal Exchange have decreased to a record low but the sign of supply shortages has yet not wobbled the bearish sentiment of the global metal price anticipating weaker demand in the near future. According to the data shown by London Metal Exchange, on-warrant aluminium...
This week, the global primary aluminium sector recorded a lot of positive events. To begin with, New Zealand Aluminium Smelters Limited (NZAS), which owns the Tiwai Point Aluminium Smelter, is now focused on guaranteeing the future beyond its 2024 closure date. On the market forefront, this week,...
On May 12, China’s domestic aluminium billet inventory surged by 10,100 tonnes or 7.84 per cent W-o-W to halt at 138,700 tonnes, said SMM. Lower conversion margins may in the future, entice purchasers. After the epidemic was brought under control, the market mood improved. As a result, inventories...
According to the Shanghai Metals Market, social inventories of primary aluminium continued to decrease across eight major consumption areas, including SHFE warrants. On a weekly basis, inventories decreased by 30,000 tonnes, while on a year plunged by 58,000 tonnes to come in at 1 million tonnes on...
As of Monday, May 9, social inventories of primary aluminium dipped over the weekend by 3,000 tonnes but rose week-on-week by 43,000 tonnes, found the Shanghai Metals Market data. Thus, the inventories came in at 1.03 million tonnes across eight major consumption areas, including SHFE warrants. The...
LME aluminium opened at US$2,936 per tonne last Friday and closed at US$2,835 per tonne, down US$101 per tonne or 3.44 per cent. LME aluminium cash bid price and official settlement price halted at US$2,832 per tonne and US$2,832.50 per tonne, respectively, both experiencing a decrease of 2.9 per...
On May 5, 2022, social inventories of primary aluminium in China gained 46,000 tonnes week-on-week, marking a rise after three consecutive weeks of fall. According to the Shanghai Metals Market data, the inventories totalled 1.03 million tonnes this week across eight major Chinese consumption...
