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
Primary aluminium inventories continue to rise by 8,000 tonnes in China on greater cargo arrival
Shanghai Metals Market found the social inventories of primary aluminium extended its rise across eight major consumption areas, including SHFE warrants, by 8,000 tonnes from Tuesday, October 8, to come in at 977,000 tonnes on Thursday, October 10. According to SMM, increase in cargo arrivals is...
Aluminium billet inventories in China rise by 1,600 tonnes
As updated by Shanghai Metals Market, inventories of aluminium billet continued to rise by 1,600 tonnes as of Thursday, 10 October 2019, after increasing 35,400 tonnes over the National Day holiday. Stocks of 6063 aluminium billet across five major consumption areas in China stood at 136,800...
LME aluminium closed down yesterday on stronger greenback; SHFE traded rangebound
The US dollar was flat against a basket of other currencies on Wednesday as investors digested a summary of the Federal Reserve’s meeting last month. LME base metals closed mixed on Wednesday. Aluminium dipped 0.03%. The SHFE complex also saw mixed performance overnight. Aluminium declined 0.4%....
August aluminium shipments by domestic U.S. and Canadian facilities drop 5.4% in August
According to the latest report from Aluminum Association, aluminium net shipments (including exports) by domestic U.S. and Canadian facilities totalled an estimated 967,058 tonnes during August, a decrease of 5.4 per cent from the August 2018 total of 1 million tonne. Shipments of aluminium mill...
LME aluminium continued upward yesterday to close at US$1,744/t overnight; SHFE traded higher on the opening day
The US dollar strengthened against a basket of other currencies on Tuesday as investors monitored the latest news around US-China trade talks and digested comments from the top Federal Reserve official. LME base closed lower on Tuesday and aluminium fell 0.4%. The SHFE complex also traded mostly...
SMM data shows primary aluminium inventory expands in China after National Day holiday
As shown by data from Shanghai Metals Market, social inventories of primary aluminium in China expanded over the week after the National Day holiday. As trading was closed because of the holidays and cargoes arrived in the warehouses, it led to an increase in stocks stemming several weeks of...
Three-month LME aluminium recovered from earlier losses on Monday to close at US$1,751/t; SHFE starts trading today
The US dollar inched higher against a basket of currencies on Monday, stemming the decline from a more than two-year high hit last week, as investors took a cautious approach ahead of the US Federal Reserve Meeting Minutes and trade talks between Washington and Beijing this week. LME base metals...
Three months LME aluminium recovered losses yesterday on weak dollar to close at US$1711 per tonne
LME aluminium prices climbed off recent lows on Thursday, boosted by a weaker dollar, as trading was thin due to China’s National Day week long holiday. Three months LME aluminium prices rose 0.4% to $1,711.50 a tonne, from $1,704.85 on Wednesday which was the weakest since early 2017. US dollar...
LME aluminium plunged to record lows on Wednesday; regained some losses overnight on weak dollar
The dollar has nursed losses on Thursday, hitting near one-week lows against the euro and yen, amid signs of a slowdown in U.S. economic growth and a deepening of global trade tensions. Despite the inventory of LME warehouses falling to a multi-year lows and Shanghai Futures Exchange stocks are at...
LME aluminium struggles to stay afloat on higher greenback and lackluster demand; SHFE remains close
A very strong U.S. dollar index that hit a new high for the year overnight is a negative for the base metals markets. Dollar index continues its highs and currently stands at 99.1 putting pressure on LME aluminium. Despite the inventory of LME warehouses falling to a multi-year lows and Shanghai...
Primary aluminium inventories in China extend declines by 45,000 tonnes
Primary aluminium inventories in China extended their declines over the weekend as downstream consumers stockpiled for the week-long National Day holiday. Shanghai Metals Market data showed that social inventories of primary aluminium across eight consumption areas in China, including SHFE...
A00 aluminium price closed the week lower at RMB 14310/t; Alumina price performed flat
A00 aluminium ingot price continued higher in the beginning of the week at RMB 14310 per tonne and RMB 14320 per tonne on Monday, September 23 and Tuesday, September 24. The price witnessed a downward movement in the next three days of the week. A00 aluminium ingot price ended the week lower at RMB...
China’s primary aluminium inventory declines on pre-holiday stockpiling
Primary aluminium inventories in China fell for a fifth consecutive week, as downstream consumers stockpiled for the week-long National Day holiday. Shanghai Metals Market data showed that stocks of primary aluminium across eight consumption areas in China, including SHFE warrants, dropped 27,000...
Aluminium billet inventories record a marginal drop of 700 tonnes after four consecutive weeks of rising
According to Shanghai Metals Market, the inventories of aluminium billet in China have recorded a fall this week after straight four weeks of increase. Data shows the stocks of 6063 aluminium billet across five major consumption areas are standing at 112,400 tonnes after declining by 700 tonnes, as...
China’s inventories of primary aluminium extend decline over weekend on greater deliveries
According to Shanghai Metals Market, primary aluminium inventories continued to decline over the weekend, as deliveries exceeded arrivals. Stocks of primary aluminium across eight consumption areas in China, including SHFE warrants, stood at 957,000 tonnes as of Monday September 23, down 9,000...
A00 aluminium ingot price saw mixed performance over the week; Alumina price performed higher
The price of A00 aluminium ingot in China witnessed fluctuations over the week. The week started with a decline of RMB 150 per tonne from Friday, September 12. The price continued lower at RMB 14400 per tonne and RMB 14330 per tonne on Monday, September 16 and Tuesday, September 17. But the week...
Increase in average alumina price, low inventories result in A00 aluminium ingot price rise today
According to Shanghai Metals Market, the average spot price of alumina has extended its rise today, September 20, by RMB 13 per tonne to stand at RMB 2,592 per tonne to conclude the week with another price hike. This marks the two consecutive rises in alumina spot price after two days of restraints...
Aluminium billet inventories in China rise on greater arrivals in Foshan and Huzhou
According to Shanghai Metals Market, inventories of aluminium billet rose for a fourth straight week as of Thursday, 19 September 2019. The rise was due to greater arrivals to social warehouses. Stocks of 6063 aluminium billet across five major consumption areas in China stood at 113,100 tonnes as...
