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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6063 aluminium billet inventories in China extend growth for the fourth consecutive week
According to Shanghai Metals Market, the 6063 aluminium billet inventories across five major consumption areas in China have increased by 46,800 tonnes over the last two weeks. From 100,000 tonnes on January 23, the inventories, as of today, February 6, jumped to 146,800 tonnes, marking the fourth...
China’s primary aluminium inventories rose 194,000 tonnes over the Chinese New Year holiday
As updated by Shanghai Metals Market, social inventories of primary aluminium across eight consumption areas in China, including SHFE warrants, increased over the Chinese New Year Holidays and stood at 884,000 tonnes as of Monday February 3. That was up 194,000 tonnes from 690,000 tonnes on January...
Aluminium stocks at Japan ports dropped 2.2% M-o-M and 1% Y-o-Y in December
After a rise of 0.9 per cent to 321,000 tonnes in November, aluminium stocks at three major Japanese ports at the end of December recorded a drop of 2.2 per cent to 314,000 tonnes, according to Reuters report. In October also the stocks had registered a fall of 2.6 per cent from 326,473 tonnes in...
China’s aluminium billet inventories rose 33,700 tonnes for third straight week
As updated by Shanghai Metals Market, inventories of aluminium billet rose for the third consecutive week. Stocks of 6063 aluminium billet across five major consumption areas in China increased by 33,700 tonnes from Thursday January 16 to stand at 100,000 tonnes as of Thursday January 23, after...
China’s primary aluminium inventories jumped 60,000 tonnes; A00 aluminium price stands at RMB 14100/t
As updated by Shanghai Metals Market, social inventories of primary aluminium across eight consumption areas in China, including SHFE warrants, came in at 690,000 tonnes as of Thursday, 23 January 2020, up 60,000 tonnes. Aluminium inventories jumped ahead of the Chinese New Year on higher arrivals...
A00 aluminium ingot price extends decline to RMB14090/t on high inventories and low consumption
According to the Shanghai Metals Market, the A00 aluminium ingot price has extended its decline today, on January 22, by RMB 30 per tonne to stand at RMB 14,090 per tonne. The average prices are expected to range between RMB 14,070 per tonne and RMB 14,110 per tonne, with spot contract to be traded...
LME aluminium continued to increase on low opening stocks and dollar price; SHFE aluminium edged down
The US dollar edged lower against a basket its rivals on Monday, holding near a one-month high after last Friday’s jump on data that confirmed the US economy is holding up well. Moves were slight and volumes thin as Lunar New Year approaches in Asia and with US markets closed for Martin Luther King...
Primary aluminium inventories record speedy growth on Monday, resulting in sharp A00 aluminium ingot price decline
Aluminium inventories in China grew over the weekend by 21,000 tonnes, in contrast to 20,000 tonnes in the whole last week ended on January 16. Concentrated arrivals of stocks in some regions and weakening consumption as the world gears up for the Lunar New Year holidays were the two important...
Weekly update: A00 aluminium ingot price ended the week higher; alumina price remained flat
A00 aluminium ingot price started the week with a decline of RMB 130 per tonne on Monday, January 13. The price continued to perform lower at RMB 14300 per tonne and RMB 14200 per tonne on January 14 and January 15. But the week ended higher at RMB14550 per tonne on Friday, January 17, up RMB 240...
6063 aluminium billets inventories in China grow for the second consecutive week
According to Shanghai Metals Market, the stocks of 6063 aluminium billets across five major consumption areas in China rose for the second consecutive week by 13,200 tonnes. From 53,200 tonnes on last Thursday, January 9, the aluminium billets inventories, as of today, January 16, have come in at...
LME aluminium inched up by US$1 per tonne amidst steady US dollar; SHFE aluminium narrowed by 0.32%
The US dollar held steady against a basket its rivals on Tuesday, while sterling was the weakest performer after tepid growth increased the likelihood that the Bank of England will cut interest rates this month. Three-month LME aluminium retreated to its lowest in more than a week at US$ 1,788.5...
LME aluminium closed Monday’s trading at US$ 1766.5/t; SHFE aluminium fell 0.78%
The US dollar held steady against a basket its rivals on Monday. LME aluminium shed 0.8% and SHFE aluminium sank 0.3%. LME aluminium closed Monday’s trading at US$ 1766.5 per tonne, down 0.31% from Friday. Three-month LME aluminium retreated to its lowest in more than a week at US$1,788.5 per tonne...
A00 aluminium ingot price extends decline by RMB100/t on rising inventory trend; Aluminium alloy (A356) price drops too
After a rise of 14,000 tonnes in primary aluminium inventories on Monday, January 13, the A00 aluminium ingot price has further recorded a decline of RMB 100 per tonne to RMB 14,300 per tonne, as of January 14, according to Shanghai Metals Market. The average prices are expected to range between...
New and restarted smelting projects to boost China’s primary aluminium production by 3.4% in 2020
Shanghai Metals Market expects China’s primary aluminium production to be rebounded banking on new or recommenced smelting projects, while consumption to gather some pace with anticipated recovery in the automobile industry and building and construction sector. In 2020, China’s primary aluminium...
Primary aluminium inventories increase by 14,000 tonnes after a week of restraint
After remaining restrained at 610,000 tonnes last week, the social inventories of primary aluminium on Monday, January 13, increased by 14,000 tonnes across eight consumption areas in China, including SHFE warrants, to stand at 624,000 tonnes, according to Shanghai Metals Market. Rise in primary...
LME aluminium price records a drop of US$0.50/t, while SHFE grows by US$10/t
The US dollar eased against a basket its rivals on Friday, as investors digested the news of the US imposing fresh sanctions on Iran and weaker-than-expected US jobs data. As on Friday January 10, LME aluminium cash (bid) price continued to drop to stand at US$1770 per tonne, while LME official...
Aluminium billets inventories record a growth of over 3,000 tonnes today after 12 weeks of decline
According to Shanghai Metals Market, the stocks of 6063 aluminium billets across five major consumption areas in China have grown today, on January 9, after three months of back-to-back decline. Compared with 49,900 tonnes on last Thursday, January 2, the billets inventories today, on January 9,...
China’s primary aluminium inventories remained unchanged this week; A00 aluminium price stands at RMB 14470/t
As updated by Shanghai Metals Market, social inventories of primary aluminium across eight consumption areas in China, including SHFE warrants, came in at 610,000 tonnes as of Thursday, 09 January 2020, barely changed from a week ago. The current status of primary aluminium inventories across China...
