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 latest report from the US Geological Survey, US domestic primary aluminium production was 89,000 tonnes in June 2020. The average daily production stood at 2,980 tonnes, 3% less than that in May 2020 and slightly less than that in June 2019. Total aluminium recovered from scrap was...
Three-month LME aluminium rose 1.14% to end at US$1,818.5 per tonne on Tuesday. The contract is expected to fluctuate at high levels today amid the weak US dollar index. As of Tuesday September 1, LME aluminium cash (bid) price stands at US$ 1781.50 per tonne, LME official settlement price stands...
Aluminium stocks in Shanghai bonded warehouses increased three times in August from the previous month due to an increase in deliveries followed after the brief opening of arbitrage window between the London Metal Exchange and the Shanghai Futures Exchange in late July. According to Fastmarkets...
The alumina price in China continued to remain flat over the week. The price on Monday, August 24, increased by RMB 17 per tonne to stand at RMB 2347 per tonne. The price did not show any movement on Tuesday, Wednesday and Thursday. The price stood higher at RMB 2360 per tonne on Friday, August 28....
Three-month LME aluminium started the week on Monday, August 24, with a growth of 0.11 per cent to stand at US$ 1770 per tonne. On Tuesday, the price settled 0.51 per cent higher at US$ 1779 per tonne, which however, weakened a bit by 0.17 per cent on Wednesday, August 26, to end at US$ 1776 per...
Primary aluminium inventories in China have recorded a plunge of 7,000 tonnes this week ended on Thursday, August 27, following a rise of 25,000 tonnes in the week earlier, found Shanghai Metals Market. According to the data, the social inventories of primary aluminium have declined across eight...
As updated by Shanghai Metals Market, inventories of of 6063 aluminium billet across five major consumption areas in China stood at 56,200 tonnes as of Thursday August 27, a drop of 3,800 tonnes from last Thursday. The chart below indicates the current status of aluminium billet inventories across...
The dollar dipped on Tuesday, August 25, as investors waited on comments from Federal Reserve Chairman Jerome Powell about the US central bank’s policy framework review, and after data showed improving German business morale. Three-month LME aluminium settled 0.51 per cent higher at US$ 1,779 per...
The US dollar on Friday gained against the euro for the first week since mid-June after data showed a strong uptick in US business activity, while the single currency was held down as an August batch of European business surveys pointed to a stuttering economic recovery. Three-month LME aluminium...
According to Shanghai Metals Market data, the 6063 aluminium billet inventories in China have decreased this week ended on August 20 by 9,400 tonnes from a week ago. SMM data shows the billet inventories are now at 60,000 tonnes, marking the second consecutive week of decline. On last Thursday,...
As updated by Shanghai Metals Market, social inventories of primary aluminium across eight consumption areas in China, including SHFE warrants, increased this week. Inventories stood 762,000 tonnes as of Thursday, 20 August 2020, up 25,000 tonnes from a week ago. The chart below shows the current...
The US dollar gained on Wednesday, August 19, after the Federal Reserve suggested it could pursue aggressive stimulus measures for longer than under its previous strategy, minutes from its last policy meeting showed. Three-month LME aluminium closed 1.07 per cent higher at US$ 1,787.5 per tonne on...
Three-month LME aluminium closed 1.28% lower at US$1,741 per tonne on Friday. Open interest increased 7,854 lots to 809,000 lots as shorts added positions. The effect of US dollar index on LME aluminium will be monitored. As of Friday August 14, LME aluminium cash (bid) price stands at US$ 1730 per...
The US dollar slid on Thursday, August 13, against some major currencies such as the euro, Swiss franc, and sterling, weighed down by the impasse in Congress about additional US stimulus to help cope with the coronavirus pandemic. Three-month LME aluminium also trended lower on Thursday, ending 1.2...
As updated by Shanghai Metals Market, inventories of aluminium billet in China declined this week as arrivals at warehouses in Guangdong and Jiangxi rose. Stocks of 6063 aluminium billet across five major consumption areas in China stood at 69,400 tonnes as of Thursday August 13, a drop of 6,400...
According to the Shanghai Metals Market, the social inventories of primary aluminium ingots in China have continued to increase this week ending on Thursday, August 13. Data shows the inventories have built up 12,000 tonnes across eight major Chinese consumption areas, including SHFE warrants, to...
Three-month LME aluminium settled 0.06% weaker at US$1,785 per tonne on Wednesday. Open interest added 5,151 lots to 804,000 lots. As of Wednesday August 12, LME aluminium cash (bid) price stands at US$ 1730 per tonne, LME official settlement price stands at US$ 1730 per tonne; 3-months bid price...
Three-month LME aluminium rose 1.34% to end at US$1,783 per tonne on Monday. Open interest declined 2,494 lots to 799,000 lots as shorts reduced positions. As of Monday August 10, LME aluminium cash (bid) price stands at US$ 1730 per tonne, LME official settlement price stands at US$ 1730 per...
