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 $3,292.5/t as lower exchange stocks point to tighter availability
LME aluminium prices edged lower on September 4 compared with the previous trading day, while aluminium stocks also declined marginally. The most notable movement was in cancelled warrants, which fell by more than 38 per cent day on day. On September 4, the LME aluminium cash bid price stood at USD...
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LME aluminium regained losses on Wednesday; SHFE aluminium traded weaker on expectation of rising capacity
The US dollar rose on Wednesday against a basket of other currencies, as traders monitored stronger-than-forecast economic data and fresh developments in the US-China trade war. LME base metals closed mixed on Wednesday. Aluminium rose 0.7%. The SHFE complex also saw mixed performance overnight....
Sweeping decline in primary aluminium inventories by 44,000 tonnes boosts up A00 aluminium ingot price marginally
According to Shanghai Metals Market, the inventories of primary aluminium have increased the pace of decline this week and recorded a drop of 44,000 tonnes across eight major Chinese consumption areas, including SHFE warrants, to stand at 755,000 tonnes, as of November 28. On last Thursday, on...
LME aluminium regained losses on Monday to close at US$ 1753/t ; SHFE aluminium slid despite falling inventory
The US dollar steadied at one-week highs on Monday against a basket of other currencies amid positive news flow on the Sino-US trade front over the weekend. LME base metals closed mixed on Monday. Aluminium inched up 0.1%. The SHFE complex drifted lower overnight and aluminium shed 0.6%. LME...
Primary aluminium inventories in China further decline by 18,000 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 781,000 tonnes as of Monday November 25. That was down by 18,000 tonnes from 799,000 tonnes on...
LME aluminium dropped on Friday with dollar's gain; SHFE remains strong on shrinking inventory
The US dollar strengthened on Friday against a basket of other currencies, erasing earlier losses on improved US manufacturing output and services data. LME base metals closed mixed in Friday and aluminium fell 0.2%. The SHFE complex drifted higher and aluminium inched up 0.1%. LME aluminium...
Primary aluminium inventories in China declined by larger margin this week to 799,000 tonnes
Shanghai Metals Market, on Thursday, November 21, found the social inventories of primary aluminium continued to decline by a larger margin, as stocks in Nanhai and Gongyi fell sharply. Data showed the stocks across eight major consumption areas, including SHFE warrants, decreased by 35,000 tonnes...
LME aluminium continued upward trend on Thursday; growing aluminium stock to keep prices in check
The US dollar continued to strengthen on Thursday against a basket of other currencies on rekindling of hope for a US-China trade deal. However, mixed signals on the progress of negotiations limited the greenback’s gains. LME and SHFE base metals closed mixed on Thursday. LME aluminium edged down...
China’s aluminium billet inventories decline by 12,100 tonnes for six straight week
As updated by Shanghai Metals Market, Inventories of aluminium billet declined for the sixth straight week as of November 21. Stocks of 6063 aluminium billet across five major consumption areas in China stood at 86,700 tonnes as of Thursday November 21, down 12,100 tonnes from November 14. The...
A00 aluminium ingot price rises by RMB20/t on further decline in primary aluminium inventories
The social inventories of primary aluminium have extended decline over the weekend, as stocks in Nanhai continued to fall, according to Shanghai Metals Market. SMM data showed the stocks across eight major consumption areas, including SHFE warrants, decreased by 11,000 tonnes from 834,000 tonnes on...
Three-month LME aluminium dropped to the lowest this month at US$1,742.5/t; SHFE closed flat at RMB13,805/t
The US dollar fell on Thursday. The dollar index, which tracks the greenback against a basket of other currencies, dipped 0.15% and ended at 98.17. LME base metals and the SHFE complex, except for tin, closed lower overnight. LME aluminium fell 1.05% and SHFE aluminium dipped 0.11%. LME aluminium...
A00 aluminium ingot price stands at RMB13920/t; China’s aluminium billet inventories down by 13,500 tonnes
A00 aluminium ingot price dropped by RMB 10 per tonne or 0.07 per cent on Friday, 15 November 2019 after registering an increase yesterday. The price declined from RMB 13930 per tonne to RMB 13920 per tonne. The price is expected to range within RMB 13900-13940 per tonne. Spot aluminium price is...
Continued W-o-W fall in primary aluminium inventories lifts A00 aluminium ingot price afters three days of decline
The social inventories of primary aluminium have once again recorded a week-on-week decline, as of Thursday, November 14, found Shanghai Metals Market, as stocks in Nanhai continued to fall sharply. SMM data shows the primary aluminium stocks across eight major consumption areas, including SHFE...
China’s primary aluminium inventories extend decline over the 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 850,000 tonnes as of Monday November 11. That was down by 3,000 tonnes from 853,000 tonnes on...
Aluminium billet inventories decline by 3% for the fourth straight week in China
According to Shanghai Metals Market, inventories of aluminium billet in China, on November 7, declined for the fourth straight week, even after downstream consumption slowed down. SMM data showed the stocks of 6063 aluminium billet across five major consumption areas in China inched down 3,800...
China’s primary aluminium inventories decline on limited arrivals; A00 aluminium ingot price stands at RMB 14110/t
As updated by Shanghai Metals Market, social inventories of primary aluminium across eight consumption areas in China, including SHFE warrants, stood at 853,000 tonnes as of Thursday November 7, down by 17,000 tonnes from a week ago on limited arrivals. The current status of primary aluminium...
Century reports loss in Q3 2019; shipments drop on lower production at Hawesville smelter
Century Aluminum, a leading primary aluminium producer with facilities in the United States and Iceland has reported results for Third Quarter 2019 Financial Results. The company reported aluminium shipments of 198,543 tonnes, a 2% drop quarter-on-quarter due to lower than expected production at...
A00 aluminium ingot price extends its growth today on further inventory decline; Aluminium alloy price also rises
On the further fall of primary aluminium inventories by 12,000 tonnes to 858,000 tonnes over the weekend, the price of A00 aluminium ingot has recorded a rise of RMB 60 per tonne to RMB 14,060 per tonne, found Shanghai Metals Market on November 4. This marks the second consecutive growth since the...
A00 aluminium ingot price in China swings over the week; Alumina price ends the week with a drop
A00 aluminium ingot price witnessed some swings throughout the week. The aluminium price started the week with an increase of RMB 10 per tonne to RMB 14,000 per tonne. But the ingot price dropped to RMB 13,940 per tonne on Tuesday, an RMB 60 per tonne decline. A00 aluminium ingot price ended the...
