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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The businesses in the USA are opening slowly amid COVID-19, though lacks in liquidity. The President of Norwegian Aluminium maker Norsk Hydro’s North American extrusion unit, Charlie Straface has been assembling a COVID-19 task force every other day to draw up the cost-cutting measures to balance...
Shanghai Metals Market found a further decline in social inventories of primary aluminium ingots over the weekend ended Monday, April 13, bolstered by improved demand and reduced arrivals of stocks to warehouses. According to the SMM data, the inventories decreased 59,000 tonnes from last Thursday,...
The average alumina spot price has declined by RMB 42 per tonne to stand as low as RMB 2,079 per tonne, as of Monday, April 13, found Shanghai Metals Market. The northern market of China has seen the highest decrease in the price of RMB 60 per tonne to RMB 2,050 per tonne, while that in the east...
According to Shanghai Metals Market, the average alumina spot price has seen to close the week ending Friday, April 10, at RMB 2121 per tonne, down RMB 25 per tonne from RMB 2,146 per tonne on Thursday, April 9. In the central, the average alumina spot price has decreased by RMB 30 per tonne to RMB...
Social inventories of primary aluminium ingots have fallen this week, as demand improved and aluminium smelters held back on sales and reduced deliveries to social warehouses owing to weaker aluminium prices, learned Shanghai Metals Market. The SMM data shows the primary aluminium inventories...
According to Shanghai Metals Market, aluminium billet inventories in China have declined today, on April 9, for the fifth consecutive week, as stocks in east China have begun to shrink. The data shows the stocks of 6063 aluminium billets across five major consumption areas in China have totalled at...
According to Shanghai Metals Market, the social inventories of primary aluminium ingots have declined over the holiday-extended weekend, as demand has displayed a slight improvement. The data shows the stocks across eight major consumption areas in China, including SHFE warrants, have decreased by...
Indian aluminium producers are keeping their eyes at the possibility of accumulating of metal as COVID-19 outbreak has compressed the domestic consumption besides leading to a demand shrinking among importing countries. The present situation is like hocus-pocus for the aluminium companies that were...
According to the latest report from the US Geological Survey, US domestic primary aluminium production came in at 92,000 tonnes in January 2020. The average daily production was 2,980 tonnes, slightly less than that in January 2019. The output was essentially unchanged from that in December 2019....
Three-month LME aluminium rallied from a new four-year trough of US$ 1,481 per tonne touched in North American trading hours, finishing the day higher at US$ 1,504 per tonne. The build-up of long positions primarily accounted for the gains on the day. LME aluminium is expected to continue to trade...
As updated by Shanghai Metals Market, inventories of aluminium billet in China continued to decline for the fourth consecutive week due to greater deliveries and reduced arrivals. Stocks of 6063 aluminium billet across five major consumption areas in China stood at 174,200 tonnes as of Thursday, 02...
As updated by Shanghai Metals Market, social inventories of primary aluminium across eight consumption areas in China, including SHFE warrants, stood at 1.676 million tonnes in the week ended April 2. That was up 9,000 tonnes compared to a build of 20,000 tonnes in the previous week. The chart...
After continuous declines in the second half of the last month, the average alumina spot price in China started the fourth month of 2020 with a downfall of RMB 10 per tonne, and today on the second day the fall extended by RMB 66 per tonne to stand as low as RMB 2,267 per tonne, found Shanghai...
The US dollar rebounded against major currencies and riskier emerging market units on Monday, snapping a week of declines as investors braced for prolonged uncertainty and governments tightened lockdowns and launched monetary and fiscal measures to fight the coronavirus pandemic. Three-month LME...
After the growth of 17,000 tonnes in primary aluminium inventories on last Monday and 20,000 tonnes on Thursday, the social inventories of primary aluminium have recorded a minor decline over the weekend ended Monday, March 30. The inventories over the weekend have dipped by 3,000 tonnes to come in...
According to the latest report from the US Geological Survey, US domestic primary aluminium production came in at 91,000 tonnes in December 2019. The average daily production was 2,950 tonnes, essentially unchanged from that in November 2019, 3% less than that in December 2018, but 43% more than...
The US dollar extended its decline to the weakest against a basket of currencies in more than a week on Thursday. LME aluminium shed 0.5% overnight. The SHFE kept its night trading session suspended. Three-month LME aluminium slipped to its lowest since April 2016 at US$1,528 per tonne in early...
According to Shanghai Metals Market, aluminium billet inventories in China fell for the third consecutive week ended March 26, due to stable deliveries and reduced arrivals. SMM data shows the 6063 aluminium billet stocks stand at 192,700 tonnes, as of March 26, after inching down by 4,900 tonnes...
