LME aluminium price rises to $3,310/t: Can EGA and Alba repairs bring back 2025 levels?
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 offer price slips to $3,292.5/t as lower exchange stocks point to tighter availability
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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China’s primary aluminium inventories extend growth by 20,000 tonnes
As updated by Shanghai Metals Market, social inventories of primary aluminium across eight consumption areas in China, including SHFE warrants, stood at 1.667 million tonnes in the week ended March 26. That was up 20,000 tonnes compared to a build of 54,000 tonnes in the previous week. The chart...
Primary aluminium inventories gained 17,000 tonnes over the weekend ended March 23
According to Shanghai Metals Market, the social inventories of primary aluminium ingots rose by 17,000 tonnes over the weekend across eight major consumption areas in China, including SHFE warrants, as of Monday, March 23. The price thus, came in at 1.664 million tonnes, in contrast to 1.647...
54,000 tonnes gain in primary aluminium inventories in China pushes down the ingot price to the lowest
According to Shanghai Metals Market, the social inventories of primary aluminium ingots have gained 54,000 tonnes over the week ended March 19, across eight major consumption areas in China, including SHFE warrants. The inventories are thus, now 1.647 million tonnes, in contrast to 105,000 tonnes...
China’s aluminium billet inventories drop for second consecutive week
As updated by Shanghai Metals Market, inventories of aluminium billet in China continued to decline for the second consecutive week. Stocks of 6063 aluminium billet across five major consumption areas in China stood at 197,600 tonnes as of Thursday March 19, a decrease of 1,700 tonnes from March...
Primary aluminium production in China records 2.4% growth even amidst Coronavirus outbreak: NBS
According to the National Bureau of Statistics, aluminium production in China during January-February 2020 increased 2.4 per cent year-on-year to come in at 5.85 million tonnes. The bureau has revealed no separate production figure for January and February due to the extended holiday for...
Inventories of primary aluminium up by 38,000 tonnes over the weekend
Shanghai Metals Market found social inventories of primary aluminium ingots increased 38,000 tonnes over the weekend ended Monday, March 16, across eight major consumption areas, including SHFE warrants. The inventories stood at 1.631 million tonnes in contrast to 1.559 million tonnes on Monday,...
Aluminium billet inventories recorded fall on Thursday after three consecutive weeks of rise
According to Shanghai Metals Market report on Thursday, March 12, aluminium billet inventories fell after three consecutive weeks of increase, as the deliveries from warehouses outweighed arrivals. Data showed the stocks of 6063 aluminium billets across five major consumption areas in China shrank...
A00 aluminium ingot price continues to drop for the third consecutive day on further rise in inventories this week
According to Shanghai Metals Market, the A00 aluminium ingot price today, March 13 has dropped for the third consecutive day. As per the data, the price has plunged by RMB 100 per tonne to stand at RMB 12,650 per tonne. The average prices are expected to range between RMB 12,630 per tonne and RMB...
Further rise in primary aluminium inventories push down the A00 aluminium ingot price to as low as RMB12830/t
On the further rise of the social inventories of primary aluminium, the A00 aluminium ingot price has recorded a sharp decline of RMB 240 per tonne to RMB 12,830 per tonne. For the first time in the last one year, the A00 aluminium ingot price has come below the RMB 13,000 per tonne level. The...
Weekly update: A00 aluminium price saw mixed performance over the week; alumina price remained flat
The price of A00 aluminium ingot in China witnessed fluctuations over the week. The week started with a decline of RMB 120 per tonne or 0.91 per cent from Friday, February 28. The price on Monday stood RMB 13050 per tonne. But the week ended higher at RMB 13070 per tonne on Friday, March 6, up RMB...
China’s primary aluminium production shrank in February to 2.87 million tonnes: SMM
According to Shanghai Metals Market, the primary aluminium production in China shrank to 2.87 million tonnes in February, but year-on-year it was up by 6.9 per cent. Operating rates were down by 0.2 percentage point from the end of January to 89.3 per cent, as newly-commissioned projects were still...
US aluminium production slightly up in November; secondary recovery declines 10%
According to the latest report from the US Geological Survey, US domestic primary aluminium production stood at 89,000 tonnes in November 2019. The average daily production was 2,980 tonnes, slightly up from October 2019 and November 2018. The output increased by 47 per cent from November 2017....
China’s primary aluminium inventories jumped 103,000 tonnes; A00 aluminium ingot price extends growth by RMB10/t
As updated by Shanghai Metals Market, social inventories of primary aluminium across eight consumption areas in China, including SHFE warrants, came in at 1.488 million tonnes as of Thursday, 5 March 2020, an increase of 103,000 tonnes from February 27. Aluminium inventories increased this week, as...
Chinese aluminium billet inventories record a rise, but slower from last week
According to Shanghai Metals Market, aluminium billet inventories in China have extended their growth this week, although slower from a week ago. Increased shipments from warehouses have been the main reason behind another week of a rise in billet inventories. SMM data shows the stocks of 6063...
Three-month LME aluminium extended growth by 0.67% on the lowest dollar index since early this year
The US dollar fell across the board after the US Federal Reserve cut interest rates on Tuesday, March 3, in an emergency move designed to shield the economy from the impact of the coronavirus.The dollar index, which tracks the greenback against a basket of other currencies, slipped to the lowest...
A00 aluminium ingot price records a growth of RMB90/t after three consecutive declines on continued inventory rise
After the three consecutive declines to RMB 13,050 per tonne, as of March 2, the A00 aluminium ingot price has recorded a rise of RMB 90 per tonne on 3 rd of March to come in at RMB 13,140 per tonne, found Shanghai Metals Market. The average prices are expected to range between RMB 13,120 per tonne...
Rusal’s primary aluminium production in Q4 2019 grew around 1%, while in the full year remained flat
United Company Rusal, the world’s second-largest aluminium company by primary production, posted that its primary aluminium output in the whole year of 2019 remained flat at 3.757 million tonnes, in contrast to 3.756 million tonnes in 2018. In the fourth quarter of the year, the growth in primary...
Three-month LME aluminium at its three-year low; SHFE extended decline to US$1,911/t
The US dollar fell on Thursday as investors bet the Federal Reserve would cut interest rates to offset the impact of the spreading coronavirus amid the rapid rise in the number of COVID-19 cases. The dollar index, which tracks the greenback against a basket of other currencies, slipped to 98.36,...
