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
As updated by Shanghai Metals Market, social inventories of primary aluminium across eight consumption areas in China, including SHFE warrants, continued to decline over the weekend. The drop in stocks was due to robust demand and higher arrivals. Inventories stood at 767,000 tonnes as of Monday...
The A00 aluminium ingot price has recorded a rise of RMB 20 per tonne to stand at RMB 13,820 per tonne on Monday, June 15, following a decline from RMB 13,860 per tonne to RMB 13,800 per tonne on June 12, found Shanghai Metals Market. The hike in A00 aluminium ingot price today could be attributed...
According to Shanghai Metals Market, the 6063 aluminium billet inventories on Thursday, June 11, gained 900 tonnes over the week to stand at 74,000 tonnes, following a drop of 4,000 tonnes on last Thursday, June 4, to 73,100 tonnes. SMM estimated that the growth in stock arrivals in contrast to...
The primary aluminium ingot inventories in China have continued to trend down today, on June 11, found Shanghai Metals Market. The stocks across eight major consumption areas, including SHFE warrants, have decreased by 60,000 tonnes over the week to stand as low as 787,000 tonnes, following a...
The US dollar continued to trade lower against all of the European currencies on Tuesday ahead of the Federal Reserve’s monetary policy announcement. Three-month LME aluminium recovered after declined, but it failed to end higher on the day as it lost 0.12 per cent on the day at US$ 1,603 per...
Echoing the lowering trend as of Thursday, June 4, the social inventories of primary aluminium again declined by 46,000 tonnes over the weekend ending Monday, June 8, across eight major Chinese consumption areas, including SHFE warrants, to stand at 801,000 tonnes, found Shanghai Metals Market. But...
The alumina price in China continued to remain flat over the week. The price started the week with an increase of RMB 7 per tonne to stand at RMB 2220 per tonne. On Wednesday, June 3, the average spot price of alumina stood RMB 16 per tonne higher at RMB 2236 per tonne, after remaining restrained...
The euro jumped to a 12-week high against the US dollar on Thursday. The dollar index, which gauges the greenback against a basket of major currencies, fell for a eighth straight day and plumbed the lowest since March 12 at 96.5774. Three-month LME aluminium fluctuated to close a tad lower at...
According to Shanghai Metals Market, the inventories of aluminium billets have slowed their decline this week ending Thursday, June 4, as arrivals increased versus lower shipments from warehouses. SMM data shows the 6063 aluminium billet stocks have declined by 4,000 tonnes across five major...
As updated by Shanghai Metals Market, social inventories of primary aluminium across eight consumption areas in China, including SHFE warrants, declined slower this week. Inventories stood at 847,000 tonnes in the week ended June 4, down 46,000 tonnes from previous week. The chart below shows the...
The US dollar eased further on Wednesday, June 3, while stocks on Wall Street posted yet another robust day, as better-than-expected economic data bolstered optimism over the recovery from coronavirus-led shutdowns, which outweighed brewing US-China tensions and widespread protests in the US. The...
The US dollar eased further on Tuesday. The dollar index, which gauges the greenback against a basket of major currencies, fell for a sixth straight day and plumbed the lowest since March 13 at 97.4335. LME aluminium climbed 1.4% and SHFE aluminium inched up 0.3%. Three-month LME aluminium climbed...
According to a recent survey, commodity investors are rushing to make profit from a surplus supply of aluminium. They are buying the metal to store and sell it for future delivery when millions of tonnes of lightweight metal are being produced across the world. As smelters are continuing to produce...
A00 aluminium ingot price dropped by RMB 80 per tonne or 0.59 per cent from Monday’s price of RMB 13480 per tonne, after three days of increase. The price now stood at RMB 13400 per tonne today and is expected to move within a range of RMB 13380-13420 per tonne. Spot aluminium contract is likely to...
The US dollar fell against a basket of rivals for a fifth straight trading day on Monday as risk sentiment improved on optimism that the worst of the economic downturn caused by the global spread of the coronavirus may be in the past. Three-month LME aluminium pulled back from two-month highs on...
As updated by Shanghai Metals Market, social inventories of primary aluminium across eight consumption areas in China, including SHFE warrants, continued to decline over the weekend. Inventories stood at 878,000 tonnes as of Monday June 1, down 15,000 tonnes from Thursday May 28. The chart below...
Following a drop of 0.4 per cent at the end of March, Aluminium stocks at three major Japanese ports rose 12,000 tonnes or 4 per cent by April end, trading house Marubeni Corp reported on Friday, May 29. In March 2020, the stocks were 297,100 tonnes, which in the next month increased to 309,000...
The alumina market in China was flat over the week. The price did not show any movement in the first three days of the week. On Thursday, May 28, the average spot price of alumina stood RMB 2 per tonne lower at RMB 2204 per tonne. But the week ended higher at RMB 2213 per tonne, up RMB 9 per tonne....
