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...
Grow with
AL Circle
Chinese primary aluminium inventories trending higher W-o-W amidst weaker demand in compare to production
According to Shanghai Metals Market, the social inventories of primary aluminium in China have continued to trend higher this week, as demand has recovered slowly than expected. The SMM data shows, the inventories have built up by 155,000 tonnes over the week across eight major consumption areas,...
China’s aluminium billet inventories rose 19,300 tonnes on limited shipments from warehouses
As updated by Shanghai Metals Market, Stocks of 6063 aluminium billet across five major consumption areas in China stood at 212,400 tonnes as of Thursday February 27, an increase of 19,300 tonnes from February 20. The inventory expanded 22,500 tonnes in the week ended February 20. The rise in...
Three-month LME aluminium ended at US$1,702/t; SHFE aluminium to remain weak in the short term
The US dollar index was little changed on Wednesday as coronavirus headlines sapped sentiment. The dollar index, which tracks the greenback against a basket of other currencies, edged up 0.14% and ended at 99.12. LME base metals fell for the most part. LME aluminium went flat. Three-month LME...
Primary aluminium inventories extend growth over the weekend, but slower than the previous week
On Monday, February 24, the social inventories of primary aluminium extended its growth over the weekend, as demand recovered slowly than expected due to Coronavirus, learned Shanghai Metals Market. The data shows the inventories across eight major Chinese consumption areas, including SHFE...
Aluminium billet inventories further expanded by 22,500t on lower consumptions by end-users
Shanghai Metals Market found a further rise in 6063 aluminium billet inventories across five major consumption areas on Thursday, February 20. According to the data, the stocks rose by 22,500 tonnes over the week to come in at 193,100. On last Thursday, February 13, the billet stocks increased by...
China’s primary aluminium inventories rose 137,000 tonnes on lower consumption
As updated by Shanghai Metals Market, social inventories of primary aluminium across eight consumption areas in China, including SHFE warrants, stood at 1.23 million tonnes as of Thursday, 20 February 2020. That was up 137,000 tonnes compared to a build of 148,000 tonnes in the previous week....
Three-month LME aluminium slipped on strongest US dollar index in past 4 months; SHFE aluminium rose
The US dollar index held steady on Monday and climbed to the highest level at 99.211 since October 8, 2019. Three-month LME aluminium slipped to close at US$ 1,700 per tonne and finished the day 0.17 per cent lower at US$ 1,717 per tonne, primarily attributed to stronger US dollar and rebound in...
China’s primary aluminium inventories rose 69,000 tonnes over weekend
As updated by Shanghai Metals Market, social inventories of primary aluminium across eight consumption areas in China, including SHFE warrants, stood at 1.16 million tonnes as of Monday February 17, an increase of 69,000 tonnes Thursday February 13. The chart below shows the current status of the...
LME aluminium price showed growing trend throughout this week on decline opening stock; SHFE contract recorded downfall
The US dollar on Monday, February 10, rose to a four-month peak against the euro, but eased off on the subsequent day. However, on February 12 and 13, it again increased, as investors expressed confidence that the novel coronavirus outbreak would be contained soon. Three-month LME aluminium dropped...
Weekly update: Alumina price in China performed higher over the week; A00 aluminium price ended the week lower
The average spot price of alumina continued to inch higher over the week. After remaining flat on Friday, the price rose by RMB 6 per tonne and RMB 4 per tonne to RMB 2467 per tonne and RMB 2471 per tonne on February 10 and February 11. The alumina price on Thursday stood RMB 4per tonne higher at...
China’s aluminium billet inventories rose 23,800 tonnes on week
As updated by Shanghai Metals Market, Stocks of 6063 aluminium billet across five major consumption areas in China stood at 170,600 tonnes as of Thursday February 13, an increase of 23,800 tonnes from February 6. The inventory expanded 46,800 tonnes between January 23 and February 6. The chart...
LME aluminium recorded steep decline on continuous US dollar rise; SHFE fell too for the second consecutive day
The US dollar continued to rise on Thursday as investors expressed confidence that the novel coronavirus outbreak will be contained soon. Three-month LME aluminium advanced to a two-week high before it finished the trading day 1.15 per cent higher at US$ 1,755 per tonne. Falling inventories across...
Primary aluminium inventories in China record steep growth for second consecutive week after CNY
According to Shanghai Metals Market, the social inventories of primary aluminium in China have jumped today, on February 13, for the second consecutive week after the Chinese New Year Holiday. SMM data shows, the inventories across the eight major consumption areas, including SHFE warrants, are...
LME aluminium price rose 1.04% to US$ 1707/t; SHFE contract ended 0.25% lower
The US dollar rose to its highest against the euro in more two-years on Wednesday. LME aluminium eased 0.32% last night. Benchmark aluminium price on London Metal Exchange closed higher at US$ 1707 per tonne on Wednesday, up 1.04% from Tuesday's close of US$ 1689.5 per tonne. As on Wednesday...
Three-month LME aluminium rallied 1.87% on Tuesday; SHFE rose to its highest since February at RMB13,840/t
The US dollar eased off four-month highs against a basket of its rivals on Tuesday. LME base metals closed higher across the board overnight. LME aluminium jumped 1.9% and SHFE aluminium advanced about 0.7%. Three-month LME aluminium rallied 1.87% on Tuesday to end at US$1,739 per tonne. The...
Primary aluminium inventories in China soar by 90,000 tonnes due to poor deliveries amid epidemic outbreak
According to Shanghai Metals Market, the social inventories of primary aluminium, across eight major consumption areas in China, rose over the weekend by 90,000 tonnes to 1.04 million tonnes, as of Monday, February 10. Limited arrival of stocks and lower shipments leaving social warehouses amid an...
Three-month LME aluminium closed higher at US$1,740.5/t; SHFE aluminium climbed 0.4%
The US dollar hit a new two-month high against a basket its rivals on Thursday, as China announced it will halve tariffs on a slew of US products. LME aluminium advanced 0.9% and SHFE aluminium gained 0.4%. Three-month LME aluminium recovered earlier losses to a one-week high of US$1,751 per tonne...
China’s primary aluminium inventories rose 61,000 tonnes in the week after CNY holiday
As updated by Shanghai Metals Market, social inventories of primary aluminium across eight consumption areas in China, including SHFE warrants, increased in the first week after the Chinese New Year holiday and stood at 945,000 tonnes as of Thursday February 6.That was up 61,000 tonnes from Monday...
