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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Stocks on Wall Street were mostly higher on Friday, while the dollar slipped on Friday, July 10, as market sentiment was supported hopes of a potential vaccine for the novel coronavirus that outweighed concerns about the surge in infections in the US and around the world. The US currency posted its...
As updated by Shanghai Metals Market, social inventories of primary aluminium across eight consumption areas in China, including SHFE warrants, continued to trend lower over the week. Inventories decreased 7,000 tonnes from last Thursday July 2 to 712,000 tonnes as of Thursday July 9. The chart...
A00 aluminium ingot price has recorded a sharp jump by RMB 230 per tonne to stand at RMB 14,700 per tonne on Friday, July 10, according to Shanghai Metals Market. The average prices are expected to range between RMB 14,680 per tonne and RMB 14,720 per tonne, with spot contract to be traded at a...
Following a rise of 6,900 tonnes last week, aluminium billet inventories in China have declined today, on July 9, due to a surge in shipments from warehouses in east China. SMM data shows the stocks of 6063 aluminium billets across the five major Chinese consumption areas have edge down 900 tonnes...
Aluminium stocks at three major ports in Japan- Yokohama, Nagoya, and Osaka, extended growth by 9.5 per cent or 29,500 tonnes month-on-month at the end of May, found Marubeni Corporation. At the end of April, the stocks at these Japanese ports were 309,000 tonnes, which in the next month increased...
As updated by Shanghai Metals Market, social inventories of primary aluminium across eight consumption areas in China, including SHFE warrants, continued to trend lower over the weekend. Inventories decreased 4,000 tonnes from last Thursday July 2 to 715,000 tonnes as of Monday July 6. The chart...
Aluminium billet inventories in China have increased this week due to higher arrivals, found Shanghai Metals Market. SMM data shows the stocks of 6063 aluminium billet have rebounded by 6,900 tonnes week-on-week across five major consumption areas to stand at 73,200 tonnes, following a decline of...
Shanghai Metals Market found further downfall, although slower, in Chinese primary aluminium ingots inventories over the past three-day Dragon Boat Festival holiday. According to the data, the inventories across eight major consumption areas, including SHFE warrants, decreased 4,000 tonnes from...
As updated by Shanghai Metals Market, inventories of aluminium billet in China continued to decline this week on reduced arrivals. Stocks of 6063 aluminium billet across five major consumption areas in China stood at 66,200 tonnes as of June 24, a decrease of 5200 tonnes from Thursday June 18. The...
Primary aluminium inventories have extended the downfall by 32,000 tonnes over the week ending on Wednesday, June 24, according to Shanghai Metals Market. Data shows the inventories after declining across eight major Chinese consumption areas, including SHFE warrants, have come in at 722,000 tonnes...
As updated by Shanghai Metals Market, social inventories of primary aluminium across eight consumption areas in China, including SHFE warrants, continued to trend lower over the weekend on brisk demand. Inventories decreased 17,000 tonnes from last Thursday June 18 to 737,000 tonnes as of Monday...
Aluminium demand is likely to rebound in the second half of 2020 as China’s economy has begun to revive leading to the global recovery from the COVID-19 pandemic. But the overcapacity may continue to pose challenges to the industry, pointed out Alcoa CFO William F. (Bill) Oplinger in early June....
The alumina price in China continued to remain flat over the week. The price on Tuesday increased by RMB 12 per tonne to stand at RMB 2259 per tonne, after remaining flat on Monday. The price stood at RMB 2261 per tonne on June 18, up RMB 2 per tonne. The price did not show any movement on Friday....
Inventories of aluminium billets in China have declined this week ending on Thursday, June 18, as shipments from warehouses increased while arrivals decreased in contrast, found Shanghai Metals Market. SMM data shows, aluminium billets inventories today have declined by 2,500 tonnes across the five...
As updated by Shanghai Metals Market, social inventories of primary aluminium across eight consumption areas in China, including SHFE warrants, continued to trend lower this week. Inventories came in at 754,000 tonnes in the week ended June 18, down 33,000 tonnes from Thursday June 11. The chart...
The US dollar continued to move higher on Wednesday, June 17, as investors safe haven demand increased amid concerns about the coronavirus pandemic with a surge in cases in some US states. Three-month LME aluminium ended higher for the third consecutive day, as it bounced back after dipping to a...
According to the latest report from the US Geological Survey, US domestic primary aluminium production was 95,000 tonnes in March 2020. The average daily production stood at 3,050 tonnes, essentially unchanged from that in February, slightly more than that in March 2019, and 34% more than that in...
The US dollar declined on Monday amid mounting fears of a second wave of the coronavirus pandemic. The Federal Reserve announced it would buy individual corporate bonds in the secondary market, and this sparked a risk-on move, sending US stocks higher and safe-haven assets like the US dollar lower....
