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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Chinese secondary aluminium producers operating rates decline in June for the third month in a row
Shanghai Metals Market survey shows the operating rates of Chinese secondary aluminium producers have fallen for the third consecutive month in June to 52.24 per cent, down 1.49 percentage point month-on-month and 0.5 percentage point year-on-year. Sluggish secondary aluminium demand among...
China’s primary aluminium inventories gain 1,000 tonnes over weekend
Shanghai Metals Market data showed that social inventories of primary aluminium across eight consumption areas in China, including SHFE warrants, came in at 1.043 million tonnes as of Monday July 15. Primary aluminium inventories increased 1,000 tonnes from 1.042 million tonnes on Thursday July 11....
China’s inventories of aluminium billet drop 1,700 tonnes on smaller arrivals
According to Shanghai Metals Market, stocks of 6063 aluminium billet across five major consumption areas stood at 81,500 tonnes as of Thursday, July 11, a drop of 1,700 tonnes from 83,200 tonnes on Thursday, July 4. Inventories of aluminium billet increased 5,500 tonnes in the previous week....
Primary aluminium inventories mark first weekly rise in four months; A00 aluminium ingot price up by RMB80/t
After recording a continued decline over the months, the social inventories of primary aluminium across eight consumption areas in China, including SHFE warrants, have gained 14,000 tonnes from a week ago to stand at 1.042 million tonnes, as of Thursday, July 11, found Shanghai Metals Market. The...
Aluminium inventories in China drop by 6,000 tonnes and so the price of A00 aluminium ingot by RMB40/t
Shanghai Metals Market found social inventories of primary aluminium further inched down by 6,000 tonnes on Monday, July 8, across eight major consumption areas in China, including SHFE warrants. The inventories are thus standing at 1.022 million tonnes compared to 1.028 million tonnes on Thursday,...
Alumina and aluminium prices performed mixed over the week; dropping alumina prices likely to weigh on aluminium prices
A00 aluminium ingot price started the month of July lower at RMB13760 per tonne and continued to move in a lower range till Wednesday, July 3. The price registered a hike in the last two days of the week at RMB 13760 per tonne and RMB13810 per tonne on Thursday and Friday. Aluminium price in other...
Weekly highlight: LME aluminium ended the week higher and SHFE traded within a close range; no significant gains likely
The US dollar rose to two-week highs at the beginning of the week as US-China trade tensions eased after the world’s two largest economies agreed to restart trade talks. The dollar index then continued to edge lower from recent highs over the week sliding down to 96.735. LME base metals started the...
Both LME aluminium and the most-traded SHFE August contract recovered losses yesterday; likely to trade higher today
The dollar continued to edge lower from recent highs and the euro was stuck near two-week lows on Thursday. The US dollar index slid 0.05% to end at 96.735. Base metals ended mostly higher. LME aluminium climbed 1.15% and SHFE aluminium advanced 1.13%. Thursday saw some bullish trading of LME...
Aluminium billet stocks rise 5,500 tonnes on greater arrivals and poor consumption
According to Shanghai Metals Market, stocks of 6063 aluminium billet across five major consumption areas in China came in at 83,200 tonnes as of Thursday, July 4, an increase of some 5,500 tonnes from 77,700 tonnes on Thursday, June 27. Inventories of aluminium billet grew some 6,000 tonnes in the...
Primary aluminium inventories in China dwindle 23,000 tonnes week-on-week
According to Shanghai Metals Market, social inventories of primary aluminium across eight major consumption areas in China, including SHFE warrants, have extended their downfalls over the week ended on July 4 by 23,000 tonnes to stand at 1.028 million tonnes. A week ago, on June 27, the primary...
US secondary aluminium recovery registers a decline of 6% YoY in April
According to the latest report from US Geological Survey, total aluminium recovered from scrap came in at 288,000 tonnes in March, the same as the revised amount in March. That was 6 per cent less than the amount in both April 2018 and April 2017. Of this, 161,000 tonnes of aluminium was recovered...
North America's semi-finished aluminium shipments drop 1.5 per cent through May 2019
According to the latest report from Aluminum Association, Aluminum net shipments (including exports) by domestic U.S. and Canadian facilities totalled an estimated 934,853 tonnes during May, a slight increase over the May 2018 total of 933,493 tonnes. Shipments of aluminium mill products or...
China’s inventories of primary aluminium shrink 10,000 tonnes over weekend
Social inventories of primary aluminium across eight consumption areas in China, including SHFE warrants, stood at 1.041 million tonnes as of Monday July 1. This was down 10,000 tonnes from Thursday June 27, after a drop of 20,000 tonnes in the prior weekend between June 20 and 24, Shanghai Metals...
A00 aluminium ingot price in China dwindled over the week despite three intermittent hikes
As the week has come to an end, let’s take a quick recap at the movements of aluminium price and the prices of raw materials over the week across China. According to Shanghai Metals Market, the A00 aluminium ingot price started the week with a decline from RMB 13,890 per tonne to RMB 13,830 per...
China’s inventories of aluminium billet rise 6,000 tonnes on weak consumption
According to Shanghai Metals Market, stocks of 6063 aluminium billet across five major consumption areas in China came in at 77,700 tonnes on Thursday, 27 June 2019. Inventories of aluminium billet rose some 6,000 tonnes from 71,700 tonnes on Thursday, June 20. Aluminium billet stocks in China...
Primary aluminium inventories dwindle 30,000 tonnes W-o-W; A00 aluminium ingot price rises by RMB10/t
Followed by the previous fall on June 24 to 1.061 million tonnes, the primary aluminium inventories today, on June 27, have come in at 1.051 million tonnes, according to Shanghai Metals Market data. This indicates that the inventories have declined by 10,000 tonnes over the past three days across...
Semi-finished aluminium demand in the US and Canada up 2.6 per cent through April 2019
According to the preliminary estimates of Aluminum Association, aluminium demand in the United States and Canada, including shipments by domestic producers plus imports, stood at an estimated 4.3 million tonnes through April of 2019, a slight increase from YTD 2018. Through the first four months of...
Primary aluminium inventories drop 20,000 tonnes over the weekend ended on June 24
According to Shanghai Metals Market, primary aluminium inventories have further extended their downfall over the weekend ended on June 24 by 20,000 tonnes across eight major consumption areas, including SHFE warrants. The inventories are thus, now hovering at 1.061 million tonnes as of Monday,...
