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 plunged to a two years low yesterday; SHFE likely to strengthen up in the short term
The US dollar inched up on Wednesday as investors turned to safe havens on growing concerns about the weak global economy after New Zealand’s central bank cut interest rates by more than expected. LME base metals closed mixed on Wednesday. LME aluminium shed 0.2% and SHFE aluminium lost 0.3%. LME...
China’s primary aluminium inventories extend gains; A00 ingot price down by RMB20/t
Shanghai Metals Market data showed that social inventories of primary aluminium across eight consumption areas in China, including SHFE warrants, increased by 1,000 tonnes from August 1 to stand at 1.041 million tonnes as of Thursday August 8. Inventories rose for a second straight week this week,...
Alumina price declines by RMB15/t; A00 aluminium ingot price increases on lowered inventories
Followed by a restraint at RMB2,457 per tonne on August 2, the average spot price of alumina has begun the week with a drop to RMB 2,442 per tonne, as of Monday, August 5, found Shanghai Metals Market. Quarter-on-quarter, the price thus, stands below by RMB 336 per tonne, and on month the price...
A00 aluminium ingot price continues to fall on lowered input costs, brisk trade and improved inventory
The A00 aluminium ingot price has dropped for the second day in a row on Friday, August 2, by RMB 40 per tonne to come in at RMB 13,830 per tonne, found Shanghai Metals Market. Improved inventory of primary aluminium on August 1, along with sluggish costs of alumina and prebaked anode could be the...
Primary aluminium inventories grow by 5,000 tonnes over the week
According to Shanghai Metals Market , the social inventories of primary aluminium in China have recorded a second weekly rise today, on August 1, in the past four weeks. Data shows the stocks across eight major consumption areas in China, including SHFE warrants, have come in at 1.04 million tonnes...
Aluminium billet inventories in China continue to rise by some 700 tonnes this week
According to Shanghai Metals Market, the inventories of 6063 aluminium billet have extended week-on-week growth by some 700 tonnes today, August 1, across five major consumption areas in China to stand at 83,400 tonnes. On July 25, the inventories were at 82,700 tonnes after rising by some 1,600...
Three months LME aluminium underperformed overnight after a rise in day's trading; SHFE likely to remain strong
The US dollar traded rangebound on Tuesday as investors awaited the latest interest rate decision from the Federal Reserve and the index inched up 0.01% to 98.066. LME base metals closed lower across the board on Tuesday. LME aluminium declined 0.6% and SHFE aluminium traded lower overnight....
LME aluminium traded weak on Monday regaining some losses overnight; SHFE aluminium remains rangebound
The US dollar held near a two-month high on Monday as investors await the latest monetary policy decision from the Federal Reserve as well as developments from US-China trade talks. Most LME base metals closed higher on Monday. LME aluminium advanced 0.4%, while SHFE aluminium gained 0.5%. LME...
LME aluminium ended lower on Friday after a flat run over the week; a rangebound pattern likely for LME and SHFE this week
The US dollar climbed to two-month highs on Friday after data showed that the world’s largest economy slowed less than expected in the second quarter. The US dollar index rose 0.22% to 97.996. LME base metals closed lower on Friday. LME aluminium tumbled 1.1% and SHFE aluminium lost 0.2%....
Primary aluminium inventories extend decline over the weekend; A00 aluminium ingot price fails to rise
According to Shanghai Metals Market, the social inventories of primary aluminium in China have extended drop over the weekend by 6,000 tonnes, across eight major consumption areas, including SHFE warrants. The inventories are thus, hovering at 1.029 million tonnes, as of July 29. Arrivals of fewer...
LME aluminium closed flat during the day's trading but ended higher at night, falling inventory supports SHFE prices
The US dollar strengthened on Thursday, with the index against a basket of other currencies hitting the highest since the end of May after a batch of generally positive US economic data. The US dollar index inched up 0.09% to 97.785. LME base metals closed mixed on Thursday. LME aluminium gained...
Poor downstream consumption prompts growth in aluminium billet inventories this week
According to Shanghai Metals Market, the inventories of 6063 aluminium billet have increased on Thursday, July 25, by some 1,600 tonnes to stand at 82,700 tonnes. Poor downstream consumption could be a reason for this weekly rise in aluminium billet inventories. In the last two weeks, on July 11...
A00 aluminium ingot price in China increases by RMB70/t on weekly decline in inventories
After three consecutive drops this week, the A00 aluminium ingot price has recorded a rise on Thursday, July 25, by RMB 70 per tonne to stand at RMB 13,860 per tonne, found Shanghai Metals Market. Week-on-week, the price is standing higher by RMB 10 per tonne. The average prices are expected to...
Both LME and SHFE registered a drop on Monday after a week of rise; rising greenback will keep prices rangebound today
The US dollar inched up on Monday as investors tempered expectations for an aggressive Federal Reserve interest rate cut later this month. LME base metals, closed lower on Monday. Aluminium tumbled 1.8% and SHFE aluminium shed 0.6%. Three-month LME aluminium slipped 1.81% to close at US$1,813.5 per...
China’s primary aluminium inventories gain 5,000 tonnes over weekend
According to Shanghai Metals Market, social inventories of primary aluminium across eight consumption areas in China, including SHFE warrants, increased 5,000 tonnes from Thursday July 18 to stand at 1.047 million tonnes as of Monday July 22. On Thursday, July 18, the primary aluminium inventories...
Alcoa lowers its aluminium demand projections for 2019; projects an aluminium deficit and an alumina surplus
Alcoa this week reported a net loss of $402 million and negative free cash flow of US$7 million on its $2.7 billion of Q2 2019 revenue. Divesting of interest in the Ma'aden Rolling Company (MRC) in Saudi Arabia costed the company dearly. Results were negatively affected by lower alumina and...
China’s primary aluminium inventories remain changed at 1.042MT; Aluminium ingot price in Foshan drops by RMB 10/t
Shanghai Metals Market data showed that social inventories of primary aluminium across eight consumption areas in China, including SHFE warrants, remained barley changed from a week ago and stood at 1.042 million tonnes as of Thursday July 18. The chart below indicates the current status of primary...
Aluminium billet inventories extend drop in China by 400 tonnes; Alloy prices record no change
According to Shanghai Metals Market, inventories of aluminium billet in China have recorded further decline this week, as stocks in Foshan of Guangdong province has dipped significantly. Across five major consumption areas, the stocks of 6063 aluminium billet have decreased by some 400 tonnes over...
