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 $3,292.5/t as lower exchange stocks point to tighter availability
LME aluminium prices edged lower on September 4 compared with the previous trading day, while aluminium stocks also declined marginally. The most notable movement was in cancelled warrants, which fell by more than 38 per cent day on day. On September 4, the LME aluminium cash bid price stood at USD...
Grow with
AL Circle
US aluminium production up 31% YoY in March; secondary recovery drops 7%
According to the latest report from US Geological Survey, US domestic primary aluminium production came in at 93,000 tonnes in March 2019. The average daily production was 3,000 tonnes, up 31 per cent year-on-year, but down 3 per cent month-on-month. Total aluminium recovered from scrap stood at...
LME aluminium closed 0.45% lower at US$ 1762/t; SHFE registers a drop
The US dollar came off from earlier highs on Thursday. LME base metals closed mixed on Thursday and aluminium fell 0.8%. SHFE base metals traded lower overnight and aluminium lost 0.2%. Three-month LME aluminium dropped 0.84% on Thursday to close at US$1,781 per tonne. LME aluminium inventories...
Chinese inventories of primary aluminium drop this week on brisk demand, limited arrivals
Social inventories of primary aluminium across eight consumption areas in China, including SHFE warrants, came in at 1.212 million tonnes as of Thursday May 30. Primary aluminium stocks declined 70,000 tonnes from 1.282 million tonnes on Thursday May 23, as updated by Shanghai Metals Market....
Both LME and SHFE aluminium traded lower yesterday on rising dollar and expectation of falling input cost
The US dollar extended its gains on Wednesday amidst US-China trade tension. LME base metals closed lower on Wednesday and aluminium shed 0.4%. SHFE base metals performed similarly and aluminium lost 0.5%. Despite a 23,550 tonne decline in LME aluminium stocks, three-month LME aluminium declined...
Aluminium billet inventories extend downfall on improved downstream consumption
Shanghai Metals Market found aluminium billet inventories to further shrink today, on May 30, by some 1,200 tonnes week-on-week, as lower processing fees buoyed downstream consumption. Last week, on May 23, the billet inventories were at 79,700 tonnes after declining by some 13,900 tonnes from...
LME aluminium closed higher after the holiday; Mexico's provisional duties on Chinese aluminium foil to impact market today
The US dollar extended its rebound on Tuesday, driven by trade and political concerns as well as a strong rise in American consumer confidence. LME base metals closed mixed on Tuesday after the long weekend. Aluminium inched up close to 0.1%. Most SHFE base metals traded lower overnight but...
Capacity cut news in Henan supported SHFE aluminium yesterday; LME remained closed on Monday
The US dollar recovered some ground on Monday, as market holidays in Britain and the US muted trades. Most SHFE base metals traded higher overnight but aluminium dipped close to 0.1%. LME remained closed yesterday. As on May 21, Friday, LME aluminium cash (bid) price stood at US$ 1761 per tonne,...
China’s inventories of primary aluminium extend decline over weekend
Social inventories of primary aluminium across eight consumption areas in China, including SHFE warrants, stood at 1.234 million tonnes as of Monday May 27. Inventories dropped 48,000 tonnes from 1.282 million tonnes on Thursday, May 23, Shanghai Metals Market data showed. Inventories of primary...
Declining inventory pulled up LME aluminium overnight after the day's fall; positive fundamentals support SHFE
The US dollar declined from a two-year high as weaker domestic data and the threat of economic fallout from the trade war with China grew expectations for an interest-rate cut this year. Base metals ended mixed as LME aluminium jumped 0.84 and SHFE aluminium expanded 0.39%. Three months aluminium...
China’s primary aluminium stocks drop 64,000 tonnes on limited arrivals
Social inventories of primary aluminium across eight consumption areas in China, including SHFE warrants, stood at 1.282 million tonnes as of as of Thursday May 23. Inventories dropped 64,000 tonnes from 1.346 million tonnes on Thursday, May 16, Shanghai Metals Market data showed. The chart below...
6063 aluminium billet inventories further shrink to 79,700 tonnes on lower cargo arrivals
According to Shanghai Metals Market, inventories of 6063 aluminium billet in China continue to shrink over the week on lower cargo arrivals. After decreasing by some 13,900 tonnes today, on May 23, aluminium billet stocks are standing at 79,700 tonnes across five major consumption areas. This...
China’s primary aluminium inventories decline 37,000 tonnes on limited arrivals
Social inventories of primary aluminium across eight consumption areas in China, including SHFE warrants, came in at 1.309 million tonnes as of Monday, 20 May 2019. Inventories declined 37,000 tonnes from 1.346 million tonnes on Thursday, May 16, Shanghai Metals Market data showed. Inventories of...
Chinese secondary aluminium producers operating rates estimated to slow down to 56% in May
Shanghai Metals Market anticipates the Chinese secondary aluminium producers’ operating rates to extend declines to 56 per cent in May, as aluminium purchases are expected to remain low among auto producers due to high inventories. The upcoming stricter national emission standards which will come...
LME continues upward trend supported by higher alumina cost; SHFE follows trend
The US dollar rose to the highest since May 3, at 97.88, as better-than-expected US data boosted investors’ risk appetite, even as the US and China remained locked in a trade dispute. LME base metals advanced for the most part and aluminium gained 0.19%. SHFE aluminium ended 0.24% higher. Lower...
Aluminium billet stocks in China drop 2,900 tonnes on improved consumption
According to Shanghai Metals Market, stocks of 6063 aluminium billet across five major consumption areas in China came in at 93,600 tonnes on Thursday, 16 May 2019. Inventories of aluminium billet dropped some 2,900 tonnes from 96,500 tonnes on Thursday, May 9. Aluminium billet stocks declined in...
Primary aluminium inventories drop to 1.346 million tonnes on higher demand and limited cargoes arrival
Primary aluminium stocks across eight major consumption areas in China, including SHFE warrants, have dropped further on higher demand and limited cargoes arrival, learned Shanghai Metals Market. The premium of spot prices over prices of futures triggered a larger outflow of warrants, which also...
US aluminium production increases 42% YoY in February; secondary recovery declines 7%
According to the latest report from US Geological Survey, US domestic primary aluminium production stood at 87,000 tonnes in February 2019. The average daily production was 3,100 tonnes, up 42 per cent Year-on-Year. Primary aluminium production increased slightly from January and 54 per cent from...
Primary aluminium inventories decline 36,000 tonnes over the weekend: SMM
According to Shanghai Metals Market, the primary aluminium inventories in China have continued extending their declines over the weekend ended on May 13, 2019. As demand increased and cargoes arrivals decreased, the social inventories across eight major consumption areas in China, including SHFE...
