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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Lower inventory and weaker US dollar buoyed LME aluminium to a high on Friday night; SHFE continues strong
The US dollar weakened against its major rivals on Friday as market participants worked through newly-released consumer price data. US and China trade representatives wrapped up two days of talks but failed to reach an agreement. The Trump administration raised the stakes for future negotiations by...
LME aluminium regained some losses after three consecutive days; falling inventory supports SHFE aluminium
The US dollar dropped to the 6-week low against the yen, as risk appetite lowered on most markets amid the US-China trade conflict. Two days of trade negotiations begin in Washington on Thursday and market participants are waiting for a solution. LME base metals declined for the most part while...
Inventories of aluminium billet in China extend gains of 1,600 tonnes
Stocks of 6063 aluminium billet extended their gains today across five consumption areas. Aluminium billet inventories increased some 1,600 tonnes from Sunday, May 5 to stand at 96,500 tonnes as of Thursday May 9. Inventories in China gained this week as buyers stood on the sidelines, according to...
Chinese primary aluminium inventories continue to fall; A00 aluminium ingot price shows restraint
Primary aluminium inventories in China have recorded further downfall this week ended on May 9 due to limited arrivals and strong demand, found Shanghai Metals Market. This has brought down the stocks to 1.409 million tonnes, down 33,000 tonnes from 1.44 million tonnes on May 5 across eight major...
China’s primary aluminium production drops 2% YoY in April
Production of primary aluminium in China stood at 11.52 million tonnes for the first four months of 2019, showed Shanghai Metals Market survey. Production dropped 1.42 per cent year-on-year as capacity in operation remained low after losses triggered a slew of capacity cuts from June 2018 to...
Chinese primary aluminium inventory declines 28,000 tonnes during holiday
Social inventories of primary aluminium across eight consumption areas in China, including SHFE warrant, stood at 1.44 million tonnes as of Sunday May 5, Shanghai Metals Market data showed. Primary aluminium stocks declined 28,000 tonnes from Monday, April 29. The chart below indicates the current...
LME aluminium fell below all moving averages to close Friday's trading at US$ 1783.50 per tonne; SHFE resumes trading today
The US dollar decreased sharply in afternoon trade on Friday, surrendering early gains after an employment report for the month of April that topped economists’ expectations. LME base metals ended mostly higher but aluminium lost over 1%. SHFE metals closed mixed on Tuesday April 30, the last...
Aluminium billet inventory records growth of some 2,700 tonnes; aluminium alloy price inches down
On more cargo arrivals in China post Labour Day Holiday from May 1 to May 4, stocks of 6063 aluminium billet across five major consumption areas recorded a growth on May 5, found Shanghai Metals Market. The inventories thus, stood at 94,900 tonnes after rising by some 2,700 tonnes from April 25....
LME aluminium recovered from the two year's low yesterday; likely to trade rangebound today
US dollar continued to stay strong and hovered just below 98 last night. Most of the LME base metals saw a tumbling session on Wednesday but recovered to a certain extent on Thursday. Aluminium stock in the LME registered warehouses registered a rise yesterday. The LME aluminium price, however,...
LME aluminium continued its steady downward trend; SHFE remains strong on pre-holiday stockpiling
The US dollar index weakened and fell below 98 as traders awaited more data to decide whether to add to their bullish positions in the greenback. Most major currencies remained in tight ranges and traded lightly as Japan began its 10-day Golden Week holiday. China will have its Labour Day holiday...
Alumina price marks sixth consecutive growth today; A00 aluminium ingot price also rises on further inventory decline
According to Shanghai Metals Market, the alumina spot price has recorded further rise today, April 29, by RMB 26 per tonne to stand at RMB 2,750 per tonne. The alumina spot price started rising since April 22 and today marks the sixth consecutive growth. So, over the week, the alumina spot price...
LME aluminium dropped slightly on rising greenback; SHFE to trade strong before the Labour Day holidays
The greenback on Thursday hit a high of 98.337 against a basket of key rivals, the highest since May 16, 2017. LME base metals closed mixed on Thursday after the US dollar refreshed its highs. LME aluminium dropped 0.7% and SHFE aluminium edged down 0.04%. Three-month LME aluminium came off from...
High demand for aluminium extrusions continuing to deplete aluminium billet inventories in China
According to Shanghai Metals Market, stocks of 6063 aluminium billet have extended their decline today, on April 25, across five major consumption areas in China. Higher demand for aluminium extrusion still remains a major factor behind these depleted inventories. As of April 25, inventories have...
Chinese primary aluminium inventory declines on pre-holiday stockpiling
Social inventories of primary aluminium across eight consumption areas in China, including SHFE warrant, stood at 1.513 million tonnes as of Thursday April 25, Shanghai Metals Market data showed. Inventories in China once again recorded a decline as downstream consumers stockpiled for the upcoming...
SHFE aluminium traded higher on resumption of downstream demand; LME remained closed on Monday
The US dollar edged lower against a basket of currencies in poor trades on Monday. The LME was closed for Easter Monday holiday. SHFE aluminium traded higher. The benchmark aluminium price on Shanghai Metal Exchange increased to US$ 2113 per tonne today from US$ 2105 per tonne on April 22. The...
Rise in alumina spot price and decline in aluminium inventories lead to a sharp growth of A00 aluminium ingot price
According to Shanghai Metals Market, the alumina spot price has recorded a rise over the weekend ended on April 22, by RMB 10 per tonne to come in at RMB 2,675 per tonne. After a continued fall since the beginning of the year, the alumina spot price first rose this year on April 18 from RMB 2,646...
LME aluminium saw upward movement during Thursday night trading; SHFE remains strong on suspended capacity
Strong retail sales and labour data bolstered the US dollar on Thursday. LME aluminium traded flat and SHFE aluminium inched up close to 0.1%. Despite the rebound in the greenback, three-month LME aluminium rallied from earlier lows to close 0.84% higher at US$1,868 per tonne on Thursday night,...
Chinese primary aluminium inventory drops 49,000 tonnes; A00 ingot price records third consecutive rise
Social inventories of primary aluminium across eight consumption areas in China, including SHFE warrants, stood at 1.59 million tonnes as of Thursday April 18, Shanghai Metals Market data showed. Inventories declined by about 49,000 tonnes from Thursday April 11. Continued resumption of downstream...
