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
According to the Shanghai Metals Market, aluminium billet inventories in China have built-up 12,400 tonnes or 14 per cent from a week ago to come in at 100,700 tonnes as of Thursday, June 17. With aluminium prices still fluctuating at a high level, there has been a seasonal weakening of...
As updated by Shanghai Metals Market, social inventories of primary aluminium across eight consumption areas in China, including SHFE warrants, dropped this week. The stocks declined by 29,000 tonnes from the week before to 890,000 tonnes as of Thursday, 17 June 2021. The chart below shows the...
Three-month LME aluminium closed 0.98% higher at US$2,474 per tonne in the overnight trading, with open interest decreasing 19,280 lots to 699,000 lots. SMM expects the contract to trade between US$2,450-2,500 per tonne. As of Wednesday June 16, LME aluminium cash (bid) price stands at US$ 2454.50...
According to a report last week, China is preparing to release 800,000-900,000 tonnes of primary aluminium from its state reserves in early July to ease the incessant hike of the metal price. The news came after consultancy CRU said in a note to clients. Shanghai primary aluminium price is...
This week during June 7-11 has been eventful for the primary aluminium market as well as for AlCircle as the latter could announce the first set of confirmed participants for the upcoming AlCircle Expo 2021. Coming to the market news, Chinese aluminium giant Chinalco announced its aim of bringing...
According to Shanghai Metals Market, stocks of 6063 aluminium billet across five major consumption areas in China declined by 1,100 tonnes from previous week to stand at 88,400 tonnes as of Thursday, 10 June 2021. Aluminium billet outbound volume reduced by 4,600 tonnes to 44,300 tonnes last week,...
Primary aluminium inventories in China have extended decline this week, ending on Thursday, June 10, 2021, found the Shanghai Metals Market. Primary aluminium inventories have plunged by 35,000 tonnes or 3.67 per cent across eight major consumption areas, including SHFE warrants, to stand at...
Three-month aluminium inched up 1.2% to close at US$2,449.5 per tonne on Tuesday, 08 June 2021, with open interest losing 2,670 lots to 721,000 lots. SMM expects the contract to trade between US$2,400-2,500 per tonne today as US dollar rebounded slightly. As of Tuesday, June 8, LME aluminium cash...
Three-month LME aluminium edged down 1.41 per cent to close at US$ 2,420.5 per tonne last night, and is likely to trade between US$ 2,410-2,460 per tonne today as the lower US dollar supports commodity prices. On Monday, June 7, LME aluminium cash (bid) price and LME official settlement price...
As updated by Shanghai Metals Market, social inventories of primary aluminium across eight consumption areas in China, including SHFE warrants, continued to decline this week. The stocks dropped by 8,000 tonnes from the week before to 954,000 tonnes as of Thursday, 03 June 2021. The chart below...
Aluminium billet inventories in China have inched up by 1,100 tonnes or 1.2 per cent week-on-week across the five major consumption areas, following the three consecutive weeks of decline. The inventories are thus standing at 89,400 tonnes as of June 3, according to the Shanghai Metals Market. The...
The London Metal Exchange was closed on Monday for Late May Bank Holiday. On Friday, May 28, LME aluminium cash (bid) price stood at US$ 2404.50 per tonne, LME official settlement price came in at US$ 2404.50 per tonne. LME aluminium is expected to move between US$2,450-2,520 per tonne. Shanghai...
Three-month LME aluminium went up 0.78% to close at US$2,506 per tonne last Friday. SMM expects the contract to trade between US$2,480-2,540 per tonne today. As of Friday, May 28, LME aluminium cash (bid) price stands at US$ 2404.50 per tonne, LME official settlement price stands at US$ 2404.50 per...
According to Shanghai Metals Market, stocks of 6063 aluminium billet across five major consumption areas in China declined by 200 tonnes from previous week to stand at 88,300 tonnes as of Thursday, 27 May 2021. Aluminium billet Shipments out of warehouses reduced by 13,700 tonnes on the week to...
Primary aluminium inventories have continued to decline to stand below 1 million tonnes. According to the Shanghai Metals Market, social inventories of primary aluminium have decreased by 58,000 tonnes or 5.69 per cent across eight major consumption areas in China, including SHFE warrants, to come...
According to the latest report from the US Geological Survey, US domestic primary aluminium production stood at 75,000 tonnes in March 2021. The average daily output came in at 2,410 tonnes, down 3% month-on-month and 21% year-on-year. Total aluminium recovered from scrap was 272,000 tonnes in...
Three-month LME aluminium advanced 0.44 per cent to settle at US$ 2,390 per tonne on Monday, and it is likely to fluctuate between US$ 2,250-2,350 per tonne today. LME aluminium cash (bid) price and LME official settlement price nosedived by US$ 98 per tonne on Monday, May 24, to settle at US$...
Shanghai Metals Market data showed that aluminium billet inventories decreased by 16,600 tonnes or 15.8 per cent week-on-week across the five major consumption areas in China. That brought the inventories to 88,600 tonnes on May 20, compared to 105,200 tonnes on May 13. The fall in aluminium billet...
