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 $3,292.5/t as lower exchange stocks point to tighter availability
LME aluminium prices edged lower on September 4 compared with the previous trading day, while aluminium stocks also declined marginally. The most notable movement was in cancelled warrants, which fell by more than 38 per cent day on day. On September 4, the LME aluminium cash bid price stood at USD...
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Downturn continues for LME aluminium and the contract plunged further to US$ 1714.50 per tonne; SHFE remained firm
The US dollar barely changed against a basket of currencies, underpinned by safe-haven demand amid worries about US-China trade tensions and a chaotic British exit from the European Union. LME aluminium is seeing one of the lowest periods in last three years. Three-month LME aluminium continued its...
China’s inventories of primary aluminium extend decline over weekend
Shanghai Metals Market data showed that social inventories of primary aluminium across eight consumption areas in China, including SHFE warrants, stood at 1.016 million tonnes as of Monday September 2, down by 17,000 tonnes from Thursday August 29. Primary aluminium inventories continued to decline...
Aluminium billet inventories in China rise after falling for two weeks
Stocks of 6063 aluminium billet across five major consumption areas in China stood at 91,700 tonnes as of Thursday August 29, an increase of some 400 tonnes from 91,300 tonnes Thursday August 22, according to Shanghai Metals Market. Aluminium billet inventories grew this week after two consecutive...
Primary aluminium inventories decline after four weekly rises; A00 aluminium ingot price falls by RMB80/t
Social inventories of primary aluminium in China have recorded a week-on-week decline today, August 29, after rising for four consecutive weeks. According to Shanghai Metals Market, the inventories across the eight major Chinese consumption areas, including SHFE warrants, have fallen by 30,000...
US court revives aluminium antitrust cases against Goldman, JPMorgan & Glencore
On Tuesday, a federal appeals court revived aluminium lawsuits by aluminium buyers such as Novelis, Eastman Kodak, Fujifilm and Reynolds Consumer Products, which accused Goldman Sachs, JPMorgan Chase, Glencore and other companies of conspiring to drive up aluminium prices by controlling supply. The...
LME aluminium closed lower on Tuesday with rising dollar; SHFE traded robust with fundamental support
The US dollar held onto gains from the previous session as risk aversion eased on trade hopes and better economic data. The dollar index held above 98 and finished at 98.01. Base metals closed mixed. LME aluminium fell 0.42% and SHFE aluminium advanced 0.28%. After the bank holiday on Monday at...
China’s inventories of primary aluminium decline 20,000 tonnes over weekend
Shanghai Metals Market data showed that social inventories of primary aluminium across eight consumption areas in China, including SHFE warrants, stood at 1.04 million tonnes as of Monday August 26. Stocks dropped 20,000 tonnes from 1.063 million tonnes as of Thursday August 22. Primary aluminium...
Spot alumina price continues to rise by RMB17/t; A00 aluminium price drops despite fall in inventories
According to Shanghai Metals Market, the average spot price of alumina has extended its rise further by RMB 17 per tonne to stand at RMB 2,491 per tonne, as of August 26, 2019. The alumina price started growing incessantly since August 16, ranging between RMB 2,442 per tonne and RMB 2,491 per...
Glencore & Trafigura buy a total of 70,479 tonnes of aluminium during Qingdao court online auction
According to a Reuters report, Commodity traders Glencore PLC and Trafigura have picked up a 70,479 tonnes of aluminium during an online auction of metal inventory dating back to China's 2014 Qingdao warehousing scandal. This was confirmed by the e-commerce platform that hosted the auction. The...
LME aluminium extended its decline yesterday despite dollar's gain; SHFE lost gains influenced by its counterpart
The dollar fell but moved within narrow ranges yesterday. The dollar index slipped some 0.1% and finished at 98.22. Base metals closed lower across the board. LME aluminium slid 0.7%. SHFE aluminium lost 0.5%. Three-month LME aluminium extended its declines overnight and fell to a low of US$1,774.5...
China’s inventories of primary aluminium increase 12,000 tonnes on greater arrivals
Shanghai Metals Market data showed that social inventories of primary aluminium across eight consumption areas in China, including SHFE warrants, stood at 1.063 million tonnes as of Thursday August 22. Stocks increased 12,000 tonnes from 1.051 million tonnes as of Thursday August 15. Primary...
Aluminium billet inventories in China decline by some 2,400 tonnes on week
According to Shanghai Metals Market, stocks of 6063 aluminium billet across five major consumption areas stood at 91,300 tonnes as of Thursday August 22, down some 2,400 tonnes from Thursday August 15. Aluminium billet inventories extended their declines while consumption remained sluggish....
A00 aluminium ingot price grows by RMB 150 per tonne on lowered inventories and production
The A00 aluminium ingot price has again recorded a sweeping growth of RMB 150 per tonne to stand at RMB 14,380 per tonne, as of August 20, according to Shanghai Metals Market. The average prices are expected to range between RMB 14,360 per tonne and RMB 14,400 per tonne, with spot contract to be...
China’s inventories of primary aluminium decline 2,000 tonnes over weekend
Shanghai Metals Market data showed that social inventories of primary aluminium across eight consumption areas in China, including SHFE warrants, stood at 1.05 million tonnes as of Monday August 19. Stocks declined 2,000 tonnes from 1.051million tonnes on August 15. Primary aluminium inventories...
Aluminium billet inventories in China decline by some 2,200 tonnes
According to Shanghai Metals Market, stocks of 6063 aluminium billet across five major consumption areas stood at 93,700 tonnes as of as of Thursday August 15, down some 2,200 tonnes from Thursday August 8. Aluminium billet inventories dropped this week with a significant decline in stocks in...
Primary aluminium inventories grow for a third straight week; A00 aluminium ingot price increases by RMB40/t
According to Shanghai Metals Market, the social inventories of primary aluminium, as of August 15, have recorded a week-on-week rise for the third straight week. SMM data shows that stocks across eight major consumption areas, including SHFE warrants, have increased by 1,000 tonne from a week ago...
Primary aluminium inventories shrink by 6,000 tonnes on limited cargo arrivals
In contrast to Thursday, August 8, when the primary aluminium inventories increased by 1,000 tonnes, today, on August 12, the inventories shrank 6,000 tonnes to stand at 1.035 million tonnes, found Shanghai Metals Market. Limited cargoes and steady consumption could be the two primary causes for...
China’s inventories of aluminium billet rise 12,500 tonnes on weak consumption
According to Shanghai Metals Market, stocks of 6063 aluminium billet across five major consumption areas stood at 95,900 tonnes as of as of Thursday August 8, an increase of some 12,500 tonnes from Thursday August 1. Aluminium billet inventories continued to expand this week as downstream...
