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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Primary aluminium inventories stand at 870,000t after three consecutive W-o-W falls
According to Shanghai Metals Market, the social inventories of primary aluminium, on Thursday, October 31, declined for the third consecutive week, as arrivals remained limited and consumption stayed robust. SMM data showed the primary aluminium stocks across eight major Chinese consumption areas,...
Recycled aluminium accounted for 38% of total aluminium supply in the US from January to August 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 August 2019 was 288,000 tonne, 5% more than the July volume of 275,000 tonnes. The volume is 9% less than the amount in...
Aluminium demand in North America up slightly YoY in Jan-August 2019; semis demand up 1.7%
According to the preliminary estimates from Aluminum Association, aluminium demand in the United States and Canada (shipments by domestic producers plus imports) totalled an estimated 8.6 million tonnes from January to August 2019, a slight increase over YTD 2018. Demand for semi-fabricated (mill)...
Limited consumption of downstream aluminium curbs billet inventory decline in China
Shanghai Metals Market found the aluminium billet inventories dropped over the week, marking the third consecutive weekly fall, but at a slower pace as consumption weakened. According to the data, the stocks of 6063 aluminium billet shrank 1,900 tonnes to stand at 116,200 tonnes across five major...
China’s primary aluminium inventories drop by 23,000 tonnes over weekend; A00 aluminium price down RMB 60/t
As updated by Shanghai Metals Market, social inventories of primary aluminium across eight consumption areas in China, including SHFE warrants, stood at 859,000 tonnes as of Monday October 28, down by 23,000 tonnes from Thursday, as consumption remained robust. The current status of primary...
Aluminium billet inventories in China decline for the second straight week
As updated by Shanghai Metals Market, Inventories of aluminium billet continued to decline on the back of decent consumption. Stocks of 6063 aluminium billet across five major consumption areas in China declined 11,100 tonnes from October 17 to stand at 118,100 tonnes as of Thursday October 24,...
Further decline in primary aluminium inventories by 34,000t lifts A00 aluminium ingot price in China
Social inventories of primary aluminium have further extended decline this week, marking the second consecutive week-on-week fall, found Shanghai Metals Market. Data shows the stocks across eight major consumption areas in China, including SHFE warrants, decreased by 34,000 tonnes from a week ago...
China’s primary aluminium inventories decline by 21,000 tonnes; A00 aluminium ingot price registers a drop after three days
According to Shanghai Metals Market, social inventories of primary aluminium across eight major consumption areas in China, including SHFE warrants, stood at 895,000 tonnes as of Monday, 21 October 2019, down 21,000 tonnes from Thursday October 17. Primary aluminium inventories continued to decline...
A00 aluminium ingot price performed higher over the week; alumina prices remain flat
A00 aluminium ingot price started the week with a decline of RMB 170 per tonne on Monday, October 14. The price continued lower at RMB 13800 per tonne and RMB 13770 per tonne on October 14 and October 15. But the week ended higher at RMB14000 per tonne on Friday, October 18, up RMB 40 per tonne...
A00 aluminium ingot price increases for the third day in a row on decline in output and stock
On the news of China’s primary aluminium output dip by 1.6 per cent from a year ago to 2.9 million tonnes in September, according to the National Bureau of Statistics (NBS), the price of A00 aluminium ingot has recorded a further rise of RMB 40 per tonne to RMB 14,000 tonnes, as on Friday, October...
Rebound in downstream aluminium consumption lowers aluminium billet inventories by 7,600t
Shanghai Metals Market found that 6063 aluminium billet stocks, across five major consumption areas in China, have recorded a decline by 7,600 tonnes to 129,200 tonnes on Thursday, October 17, followed by two consecutive rises after the Chinese National Day holiday. Recovering consumption is one of...
Weaker dollar gave support to LME aluminium yesterday, SHFE aluminium traded rangebound
The US dollar weakened for a second straight day to month lows against a basket of its rivals on Wednesday after bleak US retail sales data painted a gloomy picture of the economy and supported the case for further interest rate cuts by the Federal Reserve. LME base metals closed lower on Wednesday...
China’s primary aluminium inventories drop on limited arrivals; A00 aluminium ingot price extends growth by RMB80/t
According to Shanghai Metals Market, social inventories of primary aluminium across eight major consumption areas in China, including SHFE warrants, stood at 916,000 tonnes as of Thursday, 17 October 2019, down 61,000 tonnes from a week ago. Primary aluminium inventories dropped significantly this...
Chinese secondary aluminium operating rates continued to grow in September 2019
Shanghai Metals Market found that Chinese secondary aluminium producers, primarily in northern Chinese provinces, such as Hebei, Shandong and Henan, continued to ramp up operation in September for fulfilling orders in advance as they were required to close for up to 10 days around the National Day...
Primary aluminium inventories in China resume a downward trend; Stocks are at 945,000 tonnes
According to Shanghai Metals Market, the social inventories of primary aluminium have resumed a downward trend over the weekend ended on Monday, October 14, followed by an increase in the first week after the National Day holiday. As per the data, the inventories across eight major consumption...
Asian warehouses support growth of CME Group's physical aluminium delivery contracts
Reuter reports that CME Group’s physical delivery of aluminium has gained momentum since September after expansion into Europe and Asia. It was driven by growing liquidity in Asian market “We are starting to see actually more and more materials coming into our warehouses,” Young-Jin Chang, CME’s...
LME aluminium recovered losses on weak greenback; SHFE ended lower on weak investor interest
The US dollar dropped to a more than two-week low on Thursday against its rivals on optimism over the ongoing US-China trade talks. LME base metals closed higher on Thursday. LME aluminium gained 0.4% and SHFE base metals also drifted mostly higher overnight. Aluminium edged down 0.1%. Three-month...
A00 aluminium ingot price extends decline in China due to poor purchase and increasing stocks
According to Shanghai Metals Market, the A00 aluminium ingot price has further declined in China by RMB 30 per tonne to stand at RMB 13,970 per tonne, as of October 11. This marks the second consecutive drop this week, bringing the A00 aluminium ingot price lower by RMB 500 per tonne from a month...
