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 fall W-o-W as consumptions increase due to low ingot price
Shanghai Metals Market found social inventories of primary aluminium in China fell over the week ended on September 19, as some regions saw more outflows. SMM data shows the stocks across eight major consumption areas in China, including SHFE warrants, decreased by 6,000 tonnes from 972,000 tonnes...
China’s secondary aluminium operating rate increased in August as downstream plants began restocking
Shanghai Metals Market found secondary aluminium producers continued to increase their operations in August as downstream plants in north China restocked in advance on worries about environmental curbs before the Nation Day on October 1. Data shows that the operating rates in August increased to...
LME plunged below its early September level yesterday; SHFE moves within 20-day moving averages
The US dollar fell on Tuesday ahead of an expected US interest rate cut from the Federal Reserve. LME base metals, except for aluminium, closed lower on Tuesday. SHFE aluminium rose 0.2%. After a weeklong upward movement, LME has started its downturn to a level below early September. Three-month...
Primary aluminium inventories grow by 6,000 tonnes after three weeks of decline
According to Shanghai Metals Market, the social inventories of primary aluminium in China have increased over the weekend as stocks across eight major consumption areas, including SHFE warrants, have grown by 6,000 tonnes from Thursday, September 12. The inventories are thus standing at 978,000...
Three-month LME aluminium continued downward to close at US$ 1809 per tonne yesterday; SHFE likely to stay high next week
The US dollar index receded slightly to end at 98.3. LME base metals closed mostly lower while SHFE metals grew for the most part yesterday. LME aluminium traded lower over the day. Three-month LME aluminium came off from highs as shorts added their positions and continued the trend to close lower...
A00 aluminium ingot prices continued higher this week; Alumina prices remain unchanged
The price of A00 aluminium ingot witnessed an upward movement, except Monday, over the week. Ingot price started the week with a decline of RMB 30 per tonne from September 6 to RMB 14390 per tonne on Monday, September 9. A00 aluminium ingot price ended RMB 80 per tonne higher at RMB 14550 per tonne...
Aluminium billet inventories in China rise for third consecutive week
Shanghai Metals Market data showed that aluminium billet inventories rose for the third consecutive week on greater arrivals in Wuxi and Nanchang cities. Stocks of 6063 aluminium billet across five major consumption areas in China stood at 107,100 tonnes as of Thursday September 12, up some 1,700...
Primary aluminium inventories further decline by 34,000 tonnes week-on-week
According to Shanghai Metals Market, the social inventories of primary aluminium have again plunged this week ended on Thursday, September 12, as some regions have seen greater deliveries. SMM data shows the stocks across eight major consumption areas, including SHFE warrants, have decreased by...
Three-month LME aluminium moves higher to reach the highest since July 26; SHFE trades range bound
The US dollar stayed in its recent tight range and the index, which tracks the greenback against a basket of other currencies, gained 0.04% to end at 98.37 yesterday. LME base metals closed mixed while SHFE settled mostly higher on Tuesday. LME aluminium gained 1.2% and SHFE aluminium grew 0.1%....
Weak US dollar helped LME aluminium pare losses yesterday; SHFE remains bullish on news of Indonesia's bauxite export ban
The US dollar weakened against sterling. The dollar index pared some losses and ended 0.08% lower at 98.33. Base metals closed mixed. SHFE aluminium lost 0.1% and LME aluminium grew 1%. Three-month LME aluminium surged during the Asian trading session on market talk that Indonesia will expedite its...
A00 aluminium ingot price grows by RMB30/t on limited stocks in the market; Input costs remain unchanged
Followed by the decline in social inventories of primary aluminium by 14,000 tonnes, the average price of A00 aluminium ingot has recorded a growth of RMB 30 per tonne to RMB 14,420 per tonne on September 10, found Shanghai Metals Market. Primary aluminium stocks in Gongyi, Henan arrived limited...
Primary aluminium inventories in China continue to fall over the weekend by 14,000 tonnes
According to Shanghai Metals Market, the social inventories of primary aluminium have extended decline over the weekend ended on September 9, as stocks in Gongyi, Henan have recorded a drop due to fewer arrivals. SMM data showed that the inventories across eight major Chinese consumption areas,...
LME aluminium closed the week slightly lower on Friday night; SHFE continues strong on lower inventory
The US dollar was marginally lower on Friday against a basket of currencies, holding above a one-week low. Base metals ended mostly lower. LME aluminium lost 0.5% and SHFE aluminium dropped 0.4%. LME aluminium closed the week higher with the falling dollar. Three-month LME aluminium pulled back a...
A00 aluminium ingot price continued upward trend over the week; Alumina prices follow suit
A00 aluminium ingot price continued to remain on an upward trend throughout the week. The week started higher at RMB14310 per tonne on Monday, 02 September 2019, up RMB20 per tonne from August 30. The price did not show any change on Thursday but ended the week higher at RMB14420 per tonne on...
Alumina price rise and low primary aluminium inventories bolster A00 aluminium ingot price growth today
According to Shanghai Metals Market, the average spot price of alumina has extended its rise today, on September 6, by RMB 5 per tonne to stand at RMB 2,547 per tonne. In the central and south, the price has grown by RMB 10 per tonne to RMB 2,550 per tonne and RMB 2,505 per tonne, while that in the...
Three months LME aluminium continued recovering from lows and shot higher at US$1,793/t last night; SHFE closed higher
The US dollar held its earlier losses against a basket of currencies as payroll processor ADP said US private hiring came in stronger than expected in August, while it revised lower its job reading for July. Three-month LME aluminium closed higher for the third consecutive trading day as departing...
Primary aluminium inventories extend decline for second straight week due to greater deliveries
According to Shanghai Metals Market, the social inventories of primary aluminium have extended decline over the week ended on Thursday, September 5. SMM data shows the stocks across eight major consumption areas in China, including SHFE warrants, decreased by 27,000 tonnes for the second straight...
Aluminium billet inventories in China rise for second consecutive week
Shanghai Metals Market data showed that stocks of 6063 aluminium billet across five major consumption areas in China stood at 105,400 tonnes as of Thursday September 5, up some 13,700 tonnes from 91,700 tonnes on Thursday August 29. Aluminium billet inventories grew for the second consecutive week...
