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 production drops 1.84% YoY in 2019
Primary aluminium production in China stood at 35.43 million tonnes in 2019, a drop of 1.84% year-on-year, showed Shanghai Metals Market survey. The consumption declined by 1.4% YoY to stand at 36.11 million tonnes. Inventories stood at 686,000 tonnes. In December, primary aluminium output totalled...
Three-month LME aluminium climbed to its highest since July; SHFE closed 0.64% higher
The US dollar index, which measures the greenback against a basket its rivals, fell on Monday, after rising for three consecutive trading days. LME aluminium added 0.7% and SHFE aluminium advanced about 0.1%. Three-month LME aluminium climbed to its highest since July 22 at US$1,835 per tonne on...
Aluminium stocks at Japan ports rose 0.9% M-o-M and 7.71% Y-o-Y in November
According to a recent report from Reuters, aluminium stocks held at three major Japanese ports at the end of November were up by 0.9 per cent from 318,200 tonnes in October to 321,000 tonnes. In October, the stocks had fallen by 2.6 per cent from 326,473 tonnes in September, which was flat in...
LME aluminium closed Friday’s trading at US$ 1758/t; SHFE closed 0.18% lower at RMB14,085/t
The US dollar, which measures the greenback against a basket its rivals, rose on Friday, LME base metals traded mixed on Friday. LME aluminium rose 1%. Three-month LME aluminium hit an intraday high of US$1,829.5 per tonne on Friday. It ended the trading day 1.03% higher at US$1,819 per tonne. LME...
Primary aluminium inventories remain unchanged over the weekend; A00 aluminium ingot price drops
Shanghai Metals Market showed social inventories of primary aluminium today, on January 6, barely changed over the weekend in China, continuing to remain at 610,000 tonnes. Last Thursday, January 2, the inventories increased to 610,000 tonnes after rising by 18,000 tonnes week-on-week, which...
A00 aluminium ingot price was on upswing this week amidst primary aluminium inventories rise
After the downtrend since March 2019, the primary aluminium inventories recorded two consecutive rises this week, found Shanghai Metals Market. On Monday, December 30, the inventories grew by 2,000 tonnes over the weakened to stand at 594,000 tonnes, while on Thursday, January 2, it increased...
LME aluminium price shrinks as US dollar price recovers from its six-month low; SHFE aluminium drops too
The US dollar recovered from a six-month low on Thursday, the year’s first trading day, as demand for the safe-haven dollar picked up after bleak data out of Germany and the UK weighed on the euro and pound. The dollar index, which tracks the greenback against a basket of other currencies, finished...
China’s aluminium billet inventories shrank by 700 tonnes for 12th straight week
As updated by Shanghai Metals Market, inventories of aluminium billet fell for the 12th consecutive week. Stocks of 6063 aluminium billet across five major consumption areas in China shrank by 700 tonnes from Thursday December 26 to stand at 49,900 tonnes as of Thursday January 2, after dipping...
Primary aluminium inventories record growth after downtrend since March 2019; A00 ingot price climbs up too
The social inventories of primary aluminium in China usher the year 2020 with a growth of 18,000 tonnes over the week, indicating a potential end to the continued inventory downtrend since March 2019. Thus, the stocks across eight major consumption areas, including SHFE warrants, as of today,...
China’s primary aluminium inventories rise by 2,000 tonnes over weekend
As updated by Shanghai Metals Market, social inventories of primary aluminium across eight consumption areas in China, including SHFE warrants, increased over the weekend stood at 594,000 tonnes as of Monday December 30. Stocks were up by 2,000 tonnes from last Thursday December 26. The chart below...
LME aluminium opened lower after Christmas holiday; SHFE aluminium shed 0.4%
The US dollar weakened last Friday as optimism about the outlook for a US-China trade deal lifted risk appetite of investors. The dollar index, which tracks the greenback against a basket of other currencies, fell 0.7% and finished at 97.01. LME base metals increased after a two-day closure for the...
LME remained closed on December 26 for Christmas Holiday; SHFE aluminium dropped to 1-week low
The US dollar edged lower for the third straight session on Thursday, but it rose to a nearly two-week high against the Japanese yen. The LME was closed on Thursday for Christmas and hence no trading took place in the exchange. LME aluminium closed the trading on 24th December at US$ US$ 1790.50...
Aluminium billet inventories drop by 1,700 tonnes for 11th straight week
As updated by Shanghai Metals Market, inventories of aluminium billet declined for the 11th consecutive week. Stocks of 6063 aluminium billet across five major consumption areas in China dropped by 1,700 tonnes from Thursday December 19 to stand at 50,600 tonnes as of Thursday December 26, after...
Primary aluminium inventories continue to trend lower this week to 592,000 tonnes
According to Shanghai Metals Market, the social inventories of primary aluminium in China continued to decline this week. The stocks across eight consumption areas, including SHFE warrants, came in at 592,000 tonnes after decreasing by 12,000 tonnes over the week, as of Thursday, December 26. Last...
LME aluminium rose 0.06% to end at US$1,771.5/t; SHFE aluminium edged down 0.07%
The US dollar stood near two-week highs on Monday after positive US economic data was released Friday. The dollar index, which tracks the greenback against a basket of other currencies, eased 0.02% and finished at 97.66. LME base metals mostly fell while the SHFE complex traded on a mixed note. LME...
China’s primary aluminium inventories continue to trend lower; A00 aluminium price stands at RMB 14440/t
As updated by Shanghai Metals Market, social inventories of primary aluminium across eight consumption areas in China, including SHFE warrants, stood at 597,000 tonnes as of Monday December 23, down by 7,000 tonnes from last Thursday December 19. The current status of primary aluminium inventories...
Aluminium billet inventories fall 2,100 tonnes, marking a tenth straight month of decline
As updated by Shanghai Metals Market, inventories of aluminium billet fell for the tenth consecutive week. Stocks of 6063 aluminium billet across five major consumption areas in China declined by 2,100 tonnes from Thursday December 12 to stand at 52,300 tonnes as of Thursday December 19, after...
Primary aluminium inventories continue to trend lower; Decline by 44,000 tonnes this week
According to Shanghai Metals Market, the social inventories of primary aluminium in China continued to drop this week, with Guangdong contributing to more than half to the trend. Stocks across eight major consumption areas, including SHFE warrants, came in at 604,000 tonnes, as on Thursday,...
