The London Metal Exchange (LME) aluminium price reported improvements across the pricing and contract segments on the September 7 close, recovering from the downward trend reported at the September 4 session . As the repair and operations stabilise at the facilities of Emirates Global Aluminium...
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...
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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...
According to Shanghai Metals Market, the aluminium billet inventories have extended decline over the week ending Thursday, April 30, as brisk consumption has lowered stocks in Wuxi, Huzhou, and Changzhou. SMM data shows the stocks of 6063 aluminium billet have plunged by 16,3000 tonnes across 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 for the fourth consecutive week on strong demand and fewer arrivals. Inventories stood at 1.204 million tonnes in the week ended...
The US dollar fell for the second day on Tuesday, April 28, as investors put pressure on safe-haven currencies as they eyed the Federal Reserve’s meeting and rebalanced portfolios ahead of the end of the month. Month-end rebalancing is negative for the greenback, with the US dollar likely to be...
Social inventories of primary aluminium ingots have continued to trend lower over the weekend ended Monday, April 27, on robust demand and subdued supply, according to Shanghai Metals Market. SMM data shows the primary aluminium ingots stocks have decreased by 76,000 tonnes across eight major...
According to the latest report from the US Geological Survey, US domestic primary aluminium production was 88,000 tonnes in February 2020. The average daily production stood at 3,030 tonnes, slightly less than that in February 2019. The output was slightly more than that in January. Total aluminium...
In the first two months of 2020, world primary aluminium surplus grew to 684,000 tonnes from 492,000 tonnes in the whole of 2019, showed the World Bureau of Metals Statistics report on Wednesday, April 22. This came as production jumped by 8.3 per cent in January and February, in contrast to the...
As updated by Shanghai Metals Market, social inventories of primary aluminium across eight consumption areas in China, including SHFE warrants, continue to fall for the third consecutive week as demand remained strong amid weak arrivals. Inventories came in at 1.359 million tonnes in the week ended...
As updated by Shanghai Metals Market, inventories of aluminium billet in China continued to decline for the seventh consecutive week as consumption was brisk. Stocks of 6063 aluminium billet across five major consumption areas in China stood at 145,600 tonnes in the week ended April 23, a decrease...
According to Antaike’s report on Wednesday, April 22, China’s primary aluminium demand has surged by an extra 150,000 to 200,000 tonnes over the past one month, owing to aluminium scrap shortage caused by the coronavirus outbreak. Aluminium scrap supplies have weakened since the end of the Lunar...
The US dollar was slightly higher on Monday as plunged oil prices weighed on oil-linked currencies and as investors braced for a tough quarter ahead. Investors also awaited the outcome of a European Union summit this week on how to tackle economic fallout from the coronavirus crisis. The dollar...
As updated by Shanghai Metals Market, social inventories of primary aluminium across eight consumption areas in China, including SHFE warrants, continue to decline over the weekend on improved demand. Inventories came in at 1.435 million tonnes as of Monday April 20, down 60,000 tonnes from...
The US dollar was roughly flat on the first day of the week, April 13, amid thin trades with Europe out on holiday. The dollar index, which tracks the greenback against a basket of other currencies, was little changed on the day and finished at 99.504. On Tuesday, it declined to 98.875 as risk...
The average spot price of alumina continued to drop over the week. The week started with a decline of RMB 42 per tonne and stood at RMB 2079 per tonne on April 13. The alumina price stood RMB 6 per tonne and RMB 9 per tonne lower at RMB 2073 per tonne and RMB 2064 per tonne on April 14 and April...
Not even a month or two went by this year, the aluminium industry started facing a brand new challenge in the form of COVID19, followed by some of the severe impacts at its prices, demand, and consumption in the year last due to the US-China trade tensions, US aluminium import tariffs, and the...
The global aluminium prices are falling and the surfeit inventories are inclining up rapidly, though the market has not yet entered the catastrophe situation that despoiled the global market in 2008, a year is known for recession. The COVID-19 breakout has stroked out aluminium in the worst...
As updated by Shanghai Metals Market, social inventories of primary aluminium across eight consumption areas in China, including SHFE warrants, declined sharply this week on improved demand. Inventories stood at 1.495 million tonnes in the week ended April 16. That was down 112,000 tonnes from...
Extending decline for the sixth consecutive week, aluminium billet inventories in China have totalled at 164,900 tonnes, as of Thursday, April 16, found Shanghai Metals Market. SMM data shows the stocks of 6063 aluminium billet have reduced by 5,200 tonnes today, compared to 4,100 tonnes last week,...
