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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6063 aluminium billet inventories record greater W-o-W decline; aluminium alloy price registers no change
According to Shanghai Metals Market (SMM), 6063 aluminium billet inventories saw a greater decline this week across five major consumption areas in China. As of Thursday, April 18, the inventories fell some 9,800 tonnes from a week ago and came in at 98,600 tonnes, SMM data showed. Higher demand...
A00 aluminium ingot price records two consecutive drops despite lowered inventories
According to Shanghai Metals Market, social inventories of primary aluminium across eight major consumption areas in China, including SHFE warrants, dropped over the weekend ended on April 15, Monday, to come in at 1.622 million tonnes. Compared to last Thursday, April 11, the fall of primary...
According to US Geological Survey, US aluminium production increased 43% YoY in January 2019; secondary recovery drops 6%
According to the latest report from US Geological Survey, US primary aluminium production in January 2019 was 95,000 tonnes. The average daily production in January 2019 was 3,050 tonne, essentially unchanged from that in December 2018. However, the production registered a 43% increase from January...
Chinese primary aluminium inventory drops 5,000/t; A00 aluminium ingot price records a rise today
Social inventories of primary aluminium across eight consumption areas in China, including SHFE warrants, decreased some 5,000 tonnes from Thursday April 4 to 1.636 million tonnes as of Thursday April 11, Shanghai Metals Market data showed. In Shanghai and Nanhai, Guangdong, inventories of primary...
A rising US dollar puts pressure on LME; SHFE continues to stay bullish on falling inventory
The US dollar index sharply rose on Thursday, driven by strong producer prices and unemployment claims. Base metals mostly traded lower across the board on Thursday. LME aluminium slipped 0.4% and SHFE aluminium dipped 0.07%. Pressurised by the stronger greenback, three-month LME aluminium fell to...
6063 aluminium billet inventories continue to decline for the fifth consecutive week
According to Shanghai Metals Market, the inventories of 6063 aluminium billet continue to drop for the fifth consecutive week across five major Chinese consumption areas, as consumption recovered at a slower pace. The SMM data shows the aluminium billet inventories as on today, April 11, are...
Chinese primary aluminium inventory sees smaller decline over the weekend
Social inventories of primary aluminium across eight consumption areas in China, including SHFE warrant, declined slower over the weekend and stood at 1.633 million tonnes as of Monday April 8. Inventories dropped some 8,000 tonnes from Thursday April 4, Shanghai Metals Market data showed. Primary...
6063 aluminium billet inventories extend week-on-week decline to 112,000t
According to Shanghai Metals Market, inventories of 6063 aluminium billet across five major consumption areas in China saw a smaller decline this week as value-added tax cuts lowered purchases. As of today, April 4, the inventories were found at 112,000 tonnes, after falling by some 8,700 tonnes...
Chinese A00 aluminium ingot price increases further on the drop of primary aluminium inventories
Social inventories of primary aluminium across eight major consumption areas in China, including SHFE warrants, declined further by some 37,000 tonnes from March 28 to come in at 1.641 million tonnes on April 4, found Shanghai Metals Market. This drop in primary aluminium inventories marks the...
Primary aluminium inventories in China further decline by 10,000 tonnes over the weekend
Social inventories of primary aluminium across eight consumption areas in China, including SHFE warrant, declined over the weekend on tax cuts and consumption recovery. Stocks of primary aluminium dropped some 10,000 tonnes from Thursday March 28, as updated by Shanghai Metals Market. Inventories...
6063 aluminium billet inventories today mark the third week-on-week decline
According to Shanghai Metals Market, 6063 aluminium billet inventories across five major consumption areas in China has a dropped today, on March 28, marking a third week of decline. Upcoming value-added tax cuts drove downstream consumers to purchase aluminium billets, which in turn resulted in...
US Primary aluminium production up 20% to 891,000 tonnes in 2018 driven by reopening of smelters
According to the latest report from US Geological Survey, the US primary aluminium production in December 2018 was 95,000 tonnes. The average daily production in December was 3,050 tonnes, 4% more than that in November 2018, 48% more than that in December 2017. The total aluminium production in...
Primary aluminium inventory in China declines on improved downstream consumption
Social inventories of primary aluminium across eight consumption areas in China, including SHFE warrants, declined over the weekend on improved downstream consumption. Social inventories of primary aluminium stood at 1.69 million tonnes as of Monday March 25. Inventories dropped some 44,000 tonnes...
A strong US dollar weighed on both LME and SHFE aluminium on Friday; likely to trade rangebound today
The US dollar climbed in last Friday's trading, as investors grappled with an inverted US Treasury yield curve. Base metals declined across the board and both LME and SHFE aluminium edged down. As the US dollar jumped, LME aluminium dipped to a low of US$1,880 per tonne on Friday night and tested...
Chinese prebaked anode prices to extend decline in April on weaker demand
Shanghai Metals Market found commercial used prebaked anode prices across China to likely extend its decline in April on weaker demand. With sufficient inventories, most aluminium producers had been found purchasing prebaked anode cautiously. Prebaked anode stocks at a large aluminium producer...
Chinese aluminium billet inventory declines 6,900 tonne; alloy price records a rise
Stocks of 6063 aluminium billet across five major consumption areas in China declined 6,900 tonnes from a week ago to stand at 137,600 tonnes as of Thursday March 21, Shanghai Metals Market data showed. Stocks of aluminium billet extended declines this week as the upcoming tax cuts drove downstream...
Chinese primary aluminium inventory drops as tax cuts improve purchases
As updated by Shanghai Metals Market, social inventories of primary aluminium across eight consumption areas in China, including SHFE warrants, came in at 1.734 million tonnes as of Thursday March 21. Stocks dropped some 20,000 tonnes from Thursday March 14. The chart below indicates the current...
A lower US dollar lifted LME aluminium on Friday night after a lower trading session; SHFE spot premiums are on the rise
The US dollar dropped and recorded the biggest weekly loss in more than three months, affected by poor US economic data. Base metals ended mixed as LME aluminium closed 0.32% lower. SHFE aluminium fell 0.37%. LME aluminium fluctuated with the SHFE 1905 contract and dropped to US$1,900 per tonne...
