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
Recap 2019: Slow demand and price downtrend crippled primary aluminium sector; a surplus market likely in 2019
The year 2019 can be called an aftermath of trade wars, restrictive tariffs, sanctions, capacity cuts and price volatility that impacted the aluminium value chain the year earlier. 2019 has experienced a steady drop in alumina and aluminium prices worsened by weak market fundamentals and falling...
LME failed to sustain its gain on Tuesday; SHFE contract jumped to more than two months high at RMB14,065/t
The US dollar rose on Tuesday, lifted by a decline in the pound after British Prime Minister Boris Johnson put a no-deal exit from the European Union back on the table. The dollar index recovered 0.2% and ended at 97.23. LME base metals traded mixed while the SHFE complex mostly fell. LME aluminium...
Recycled aluminium accounted for 39% of total aluminium supply in the US from January to September 2019
According to the latest report from United States Geological Survey for aluminium, total aluminium recovered from scrap (recovery from purchased, tolled, or imported scrap) in September 2019 stood at 284,000 tonne, slightly less than the amount in August 2019. The volume is 9% less than the amount...
LME aluminium registered a slight increase on Monday; SHFE moves upward supported by falling inventory
The US dollar extended decline and hit the lowest in nearly five months as a lack of detail about the preliminary US-China trade deal appeared to fuel the market doubts. The dollar index, which tracks the greenback against a basket of other currencies, slipped 0.16% and ended at 97.04. LME base...
Primary aluminium inventories continue to fall in China and also the price of A00 aluminium ingot by RMB40/t
The social inventories of primary aluminium in China continued to fall over the weekend, found Shanghai Metals Market. Steady consumption in Guangdong and lower arrival of stocks there contributed to more than half of the decline. According to the data showed, eight consumption areas in China,...
Aluminium billet inventories fall for the ninth consecutive week
As updated by Shanghai Metals Market, inventories of aluminium billet fell for the ninth consecutive week. Stocks of 6063 aluminium billet across five major consumption areas in China stood at 54,400 tonnes as of Thursday December 12, down 22,400 tonnes from December 5 . Inventories dropped 1,100...
Chinese alumina price extends decline by RMB10/t; A00 aluminium ingot price also falls despite further dip in inventories
The average spot price of alumina in China continues to plunge for the fifth day in a row on December 12 by RMB 10 per tonne to RMB 2,429 per tonne, found Shanghai Metals Market. In all the major markets in the east, north, and central as well, the price has declined by RMB 10 per tonne to RMB...
China’s primary aluminium inventories continue to fall by 33,000 tonnes over weekend
As updated by Shanghai Metals Market, social inventories of primary aluminium across eight consumption areas in China, including SHFE warrants, extended their declines over the weekend and stood at 672,000 tonnes as of Monday December 9. That was down 33,000 tonnes from 705,000 tonnes on Thursday...
Weekly update: A00 aluminium ingot price resumes their upward movement this week; alumina ends the week lower
The price of A00 aluminium ingot witnessed an upward movement, except Friday, over the week. Ingot price started the week with an increase of RMB 60 per tonne from November 29 to RMB 14050 per tonne on Monday, December 2. The aluminium price ended lower at RMB 14070 per tonne after Friday’s...
Primary aluminium inventories in China further decline by 50,000 tonnes on week
As updated by Shanghai Metals Market, social inventories of primary aluminium across eight consumption areas in China, including SHFE warrants, continued to decline this week due to robust demand. Stocks stood at 705,000 tonnes as of Thursday December 5, down by 50,000 tonnes from a week ago....
Aluminium billet inventories decline for eighth week in a row
As updated by Shanghai Metals Market, inventories of aluminium billet continued to decline by 1,100 tonnes as of Thursday December 5, after dipping 8,800 tonnes in the previous week. Stocks of 6063 aluminium billet across five major consumption areas in China stood at 76,800 tonnes. This marked the...
Three months LME aluminium rose above moving averages on Monday night to touch US$1,791.5/t; likely to trade high today
The US dollar dropped to the lowest in more than one week on Monday against a basket of currencies after data showed US factory activity contracted in November. LME base metals closed mixed on Monday and aluminium gained 1.8% to become the outperformer. The SHFE aluminium also registered a gain....
Primary aluminium inventories again decline by 35,000 tonnes on weekend and 61,000 tonnes over the week
Shanghai Metals Market found the social inventories of primary aluminium across eight major consumption areas in China, including SHFE warrants, have extended decline over the weekend by 35,000 tonnes and over the week by 61,000 tonnes to stand at 720,000 tonnes, as of Monday, December 2. This...
LME aluminium closed November with a gain at US$1785.5/t; SHFE traded stronger on healthy consumption
The dollar gave up early gains to trade slightly lower against a basket of currencies on last Friday as a still unsigned partial US-China trade deal kept investors on edge. But for the month, the dollar index was up 0.9%, its best monthly performance since July. LME base metals closed mixed while...
Prebaked anode price declines by RMB130/t after a month-long restraint; A00 aluminium ingot price grows
According to Shanghai Metals Market, the prebaked anode price in the east has recorded a decline of RMB 130 per tonne to RMB 2,850 per tonne on December 2, followed by a month-long restraint at RMB 2,980 per tonne. Even throughout October, the price remained unchanged at RMB 3,030 per tonne until...
Weekly update: A00 aluminium ingot price ends the week higher; Alumina prices remain flat
A00 aluminium ingot price started the week higher at RMB 14060 per tonne on Monday, November 25, up RMB 10 per tonne or 0.07 per cent from Friday. But the price witnessed a downward movement in the next two days. The aluminium price stood at RMB 13990 per tonne and RMB 13950 per tonne on November...
LME aluminium capped its upwards momentum yesterday; SHFE remains flat on prospects of growing aluminium capacity
The US dollar edged down but held in its recent range on Thursday against a basket of other currencies as investors monitored friction between the US and China over the Hong Kong protests. LME base metals closed lower on Thursday and aluminium shed 0.8%. The SHFE complex performed similarly...
Aluminium billet inventories decline for the seventh consecutive week by 8,800 tonnes
Shanghai Metals Market found aluminium billet stocks in the southern markets of China lowered significantly, leading to the further decline in inventories for the seventh consecutive week, as of November 28. Data showed the inventories of 6063 aluminium billet across five major consumption areas in...
