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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China's social inventories of primary aluminium ingots have expanded their decline today, on May 28, by 7,000 tonnes from the previous week, found Shanghai Metals Market. Last week, on May 21, the inventories plunged by 79,000 tonnes, whereas this week they fell by 86,000 tonnes across eight major...
According to Shanghai Metals Market, the aluminium billet inventories in China have continued to decline this week ending Thursday, May 28, driven by healthy demand and limited arrivals of stocks to warehouses. SMM data shows the aluminium billet inventories have decreased by 15,600 tonnes over the...
The US dollar edged higher against a basket of rivals on Monday, while oil prices eased on concerns over rising tensions between the US and China over Beijing’s plans to impose security laws on Hong Kong and the possibility of sanctions from Washington. The London Metal Exchange was closed on...
According to Shanghai Metals Market, social inventories of primary aluminium ingots have expanded decline over the weekend ending May 25, owing to stable demand and limited arrivals of stocks to warehouses. SMM data found that the inventories of primary aluminium have decreased by 55,000 tonnes...
According to the report by the World Bureau of Metals Statistics (WBMS), World primary aluminium surplus stood at 709,000 tonnes for the first three months of 2020. Aluminium surplus was 761,000 for the whole of 2019. World primary aluminium demand came in at 15.7 million tonnes in the first three...
Social inventories of primary aluminium ingots have continued to fall to as low as 979,000 tonnes, across eight major consumption areas, including SHFE warrants, as of Thursday, May 21, according to Shanghai Metals Market. Last week on Thursday, May 14, the primary aluminium ingots inventories were...
China’s aluminium billet inventories, across five major consumption areas, expanded decline this week ending on Thursday, May 21, by 20,000 tonnes to stand at 92.800 tonnes, according to Shanghai Metals Market. Stable shipments from warehouses in contrast to limited arrivals could be attributed to...
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 1.007 million tonnes as of Monday May 18, down 51,000 tonnes from last Thursday May 14. The...
The alumina market in China was flat over the week. The week started with an increase of RMB 2 per tonne from Friday and stood at RMB 2211 per tonne on Monday, May 11. The average spot price of alumina stood RMB 5 per tonne lower at RMB 2206 per tonne on Thursday, after remaining flat at RMB 2211...
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 stood at 1.058 million tonnes as of Thursday, 14 May 2020, down 114,000 tonnes from Wednesday May 6. The...
According to Shanghai Metals Market, aluminium billet inventories in China have declined over the week, ending Thursday, May 14, following a marginal rise last week on Wednesday, May 6. As arrivals were limited since the past one week amidst stable shipments from warehouses, the aluminium billet...
As updated by Shanghai Metals Market, social inventories of primary aluminium across eight consumption areas in China, including SHFE warrants, continued to decline after the five-day Labour Day holiday on robust demand and fewer arrivals. Inventories stood at 1.102 million tonnes as of Monday, 11...
Aluminium ingots inventories in South China’s Guangdong province stood at 243,400 tonnes, as of April 30, down 191,400 tonnes or 44 per cent from a month earlier. Record-high shipments from warehouses and strong consumption amid low arrivals of stocks were the two primary reasons behind the dip in...
The US dollar continued to rebound on Wednesday, as investors turned to the safe-haven currency in the wake of dire global economic data. The greenback advanced to its highest in more than a week against a basket of major currencies. Three-month LME aluminium came off after climbed, closing down...
Inventories of aluminium billet in China increased over the five-day Labour Day holiday, after eight consecutive weeks of decline. As updated by Shanghai Metals Market, stocks of 6063 aluminium billet across five major consumption areas in China stood at 132,100 tonnes as of May 6, an increase of...
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 five-day Labour Day holiday on robust demand and fewer arrivals. Inventories came in at 1.172 million tonnes as of Wednesday...
The average spot price of alumina continued to trend higher over the week. After remaining flat at RMB 2125 per tonne on Friday, the price increased by RMB 8 per tonne and RMB 10 per tonne to RMB 2133 per tonne and RMB 2143per tonne on April 27 and April 28. The price on Thursday stood at RMB 2209...
Benchmark aluminium price on London Metal Exchange dropped by US$ 3.5 per tonne from US$ 1464 per tonne to US$ 1460.5 per tonne, as of Thursday, April 30. Both LME aluminium cash (bid) price and LME official settlement price declined from US$ 1464 per tonne on April 29 to US$ 1460.5 per tonne on...
