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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LME aluminium opened at US$2,648.5 per tonne on Thursday and closed at US$2,613 per tonne down US$35 per tonne or 1.32 percent. On Thursday, December 2, LME aluminium cash (bid) price decreased by US$15 per tonne or by 0.56 percent to close at US$2,654 per tonne. LME aluminium official settlement...
China’s social inventories of primary aluminium have continued to decrease for the second week in a row ending December 2, 2021, by 15,000 tonnes, found the Shanghai Metals Market. SMM data shows the inventories have declined across eight major consumption areas, including SHFE warrants, to come in...
According to the Shanghai Metals Market, aluminium billet inventories in China drops by 7,200 tonnes week-on-week across five major consumption areas. Due to which the inventories stood at 71,700 tonnes as of Thursday, December 2. The greatest contributor to the dropping social inventory was still...
LME aluminium opened at US$2,621 per tonne on Wednesday and closed at US$2,648 per tonne, an increase of US$23 per tonne or 0.88 percent. On Wednesday, December 1, both LME aluminium cash (bid) price and LME aluminium official settlement price surged by US$34.5 per tonne or by 1.30 percent to total...
The United States domestic primary aluminium production in September 2021 stood at 72,000 tonnes, reflecting a dip of 1,000 tonnes or 1.37 per cent from 73,000 tonnes in August but remained essentially unchanged compared to the output last year, found the US Census Bureau data. The daily average...
China’s social inventories of primary aluminium have decreased by 21,000 tonnes week-on-week on Thursday, November 25, following a hike last week. According to the Shanghai Metals Market, the inventories this week have totalled 1.02 million tonnes across eight major consumption areas, including...
Aluminium billet inventories in China dwindled by 21,600 tonnes week-on-week across five major consumption areas, found the Shanghai Metals Market. As a result, the inventories settled at 78,900 tonnes as of Thursday, November 25. The inventories in Foshan and Huzhou declined the most, while Wuxi...
Aluminium billet inventories in China dropped again by 11,700 tonnes week-on-week across five major consumption areas, found the Shanghai Metals Market. As a result, the inventories closed at 100,500 tonnes as of Thursday, November 18. The main reason behind the decline in aluminium billet...
China’s social inventories of primary aluminium have built up by 31,000 tonnes this week across eight major consumption areas, including SHFE warrants, found the Shanghai Metals Market. Thus, the inventories have amounted to 1.038 million tonnes on November 18, compared to 1.007 million tonnes last...
Aluminium billet inventories in China have decreased for the fourth straight week by 26,100 tonnes or 18.87 per cent across five major consumption areas, found the Shanghai Metals Market. As a result, the inventories have come in at 112,200 tonnes as of Thursday, November 11, primarily contributed...
According to the Shanghai Metals Market, China’s social inventories of primary aluminium have dropped this week after more than two months of incessant hikes. Data shows the inventories have dipped by 6,000 tonnes across eight major consumption areas, including SHFE warrants, to come in at 1.007...
In October 2021, China’s primary aluminium production reflected a month-on-month increase of 1.61 per cent from 3.11 million tonnes to 3.16 million tonnes, found the Shanghai Metals Market. But on a year-on-year basis, the output stood down by 2.55 per cent from 3.25 million tonnes. SMM data showed...
Domestic primary aluminium production in the United States in August 2021 stood at 73,000 tonnes, essentially unchanged from July 2021 but down year-on-year by 7,000 tonnes or 8.75 per cent from 80,000 tonnes, showed the latest data revealed by the US Census Bureau. The average daily production in...
Three-month LME aluminium contract rose 1.76 per cent to settle at US$2,600 per tonne on Monday, November 8. On Monday, November 8, LME aluminium cash (bid) price and LME official settlement price increased by US$40 per tonne or 1.61 percent to stand at US$2,530 per tonne and US$2,530.50 per tonne,...
The primary aluminium segment of the global aluminium industry has been in the limelight due to various events. In China, the Yunnan provincial government issued a policy prescribing an immediate cancellation of power price discounts and subsidies to the aluminium industry. It used to offer...
Century Aluminum Company announced the third-quarter results of 2021 ended September 30, reporting a 10 per cent rise in net sales quarter-on-quarter from $528 million to $582.4 million. Shipments grew 3 per cent from 190,894 tonnes in Q2 2021 to 196,095 tonnes in Q3 2021. The company also reported...
According to the Shanghai Metals Market, social inventories of primary aluminium built-up 31,000 tonnes or 12.32 week-on-week across eight major Chinese consumption areas. On Thursday, November 4, primary aluminium inventories came in at 1.01 million tonnes, contributed by higher stock arrivals in...
The average alumina spot price in China has declined for the fourth day in a row to stand below RMB 4,000 per tonne, found the Shanghai Metals Market. On Friday, November 5, the price has sharply decreased by RMB 88 per tonne to come in at RMB 3,926 per tonne. In Shandong and Guizhou, alumina price...
