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
LME aluminium surged higher yesterday on falling greenback; likely to face resistance at US$1,800 per tonne level
The US dollar index extended its sharp decline on Thursday. LME base metals closed higher across the board on Thursday and aluminium gained 0.2%. However, SHFE base metals traded lower and aluminium declined 0.4%. LME aluminium surged higher with the decline of greenback and closed yesterday’s...
China’s inventories of primary aluminium continue to decline this week
Inventories of primary aluminium continued its downfall by 37,000 tonnes as of Thursday June 20. Social inventories of primary aluminium across eight consumption areas in China, including SHFE warrants, stood at 1.081 million tonnes on Thursday June 20, from 1.118 million tonnes on Thursday June...
Aluminium billet inventories record W-o-W decline today by 2,200 tonnes
Followed by the increase in aluminium billet inventories last week on June 13, the inventories today, on June 20, have recorded a plunge in China due to fewer arrivals of deliveries at warehouses and moderate downstream consumption. Shanghai Metals Market data shows that the stocks of 6063...
LME aluminium continues downward trend; SHFE closed flat on weak fundamentals
The US dollar index was little changed on Monday as investors awaited this week’s crucial US Federal Reserve meeting. LME base metals closed mixed on Monday and aluminium nudged up. SHFE base metals performed similarly and aluminium stayed flat. LME continued its downward trend on the first day of...
Inventories of primary aluminium in China drop 30,000 tonnes over the weekend
Shanghai Metals Market data showed that social inventories of primary aluminium across eight consumption areas in China, including SHFE warrants, stood at 1.088 million tonnes as of Monday, 17 June 2019. Primary aluminium stocks dropped 30,000 tonnes from 1.118 million tonnes on Thursday June 13....
Chinese aluminium prices likely to be firm in the long run while stocks to ease by 2019; analyst says
Senior aluminium analyst at SMM, Wang Rui, said that aluminium prices in the short term are likely to moderate on weaker demands in a slack season but slower-than-expected in supply and shrinking inventories sustain on optimistic outlook on prices in the long run. At the Nonferrous and Ferrous...
A00 aluminium price saw mixed performance over the week; expected to moderate in the short term
A00 aluminium ingot price started the week lower after Dragon Boat Festival. Aluminium ingot recorded further down on June 10 from RMB 14060 per tonne to RMB14020 per tonne. The price inched higher on Tuesday and continued till Wednesday. A00 aluminium ingot price ended the week lower at RMB13970...
China’s secondary aluminium operating rates down 4.2 percentage points YoY in May
According to Shanghai Metals Market, operating rates across Chinese secondary aluminium producers stood at 53.73% in May, down 4.6 percentage points from April, and 4.2 percentage points from May 2018. Car inventory clearance ahead of the new emission standards kept demand for secondary aluminium...
China’s inventories of primary aluminium decline 30,000 tonnes this week
As updated by Shanghai Metals Market, social inventories of primary aluminium across eight consumption areas in China, including SHFE warrants, came in at 1.118 million tonnes as of Thursday June 13. Inventories registered a drop of 30,000 tonnes from 1.15 million on Thursday June 6. Primary...
Aluminium billet inventories record growth of 10,800 tonnes on increasing deliveries and moderate consumption
According to Shanghai Metals Market, aluminium billet inventories in China have rebounded over the week ended on June 13, as more deliveries have arrived at warehouses and downstream consumption remained moderate. SMM data shows that the stocks of 6063 aluminium billet across five major Chinese...
China’s inventories of primary aluminium shrink 17,000 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 1.131 million tonnes as of Monday June 10. Primary aluminium inventories declined 17,000 tonnes from 1.15 million tonnes on Thursday June 6....
A00 aluminium ingot price continues to decline over the week; downtrend likely to be extended
A00 aluminium ingot price continued to decline in the week to Thursday June 6. Aluminium ingot price started the week with RMB14170 per tonne and moved downwards to wind up the week at RMB14060 per tonne on Thursday, June 6, 2019. Aluminium price in other major China markets also registered a...
China’s inventories of primary aluminium drop 64,000 tonnes on week
Shanghai Metals Market data showed that social inventories of primary aluminium across eight consumption areas in China, including SHFE warrants, stood at 1.15 million tonnes as of Thursday June 6. Primary aluminium stocks declined 64,000 tonnes from 1.212 million tonnes on Thursday May 30....
Rising US dollar put pressure on LME aluminium overnight after a gain during day's trading; to trade rangebound today
The US dollar recovered from earlier losses on Wednesday as stronger-than-expected US services sector growth countered weak jobs data. LME base metals closed lower and aluminium dropped over 1%. SHFE aluminium declined close to 0.3%. The LME cash contract closed Wednesday’s trading higher at US$...
Aluminium billet inventories shrink by 14,000 tonnes over the week
According to Shanghai Metals Market, aluminium billet inventories in China have extended fall over the week ended on June 6, as significant deliveries have yet to arrive at warehouses. SMM data shows that the stocks of 6063 aluminium billet across five major consumption areas have decreased today...
Aluminium shipment in North America drops slightly in April and in the first four months of 2019
According to the latest report from Aluminum Association, Aluminum net shipments (including exports) by domestic U.S. and Canadian facilities totalled an estimated 925,782 tonnes during April. This registered a drop of 1.2 per cent YoY from the April 2018 total of 937,121 tonnes. Shipments of...
China’s inventories of primary aluminium extend decline over weekend
Social inventories of primary aluminium across eight consumption areas in China, including SHFE warrants, came in at 1.18 million tonnes as of Monday June 3. Primary aluminium stocks dropped 31,000 tonnes from 1.212 million tonnes on Thursday May 30, Shanghai Metals Market data showed. Inventories...
A00 aluminium ingot price remained on downward track over the week in absence of cost support
A00 aluminium ingot price started its downward trend on Tuesday, 28 May 2019, after two back-to-back increases on May 24 and May 27. Aluminium ingot price started the week noticeably higher at RMB14350 per tonne on Monday and ended the week lower at RMB14180 per tonne on Friday, May 31, 2019. A00...
