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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China’s aluminium billet stocks expand by 12,600 tonnes on week
According to Shanghai Metals Market, as of Thursday February 14, stocks of 6063 aluminium billet across five major consumption areas in China increased some 12,600 tonnes from Monday February 11. Stocks of aluminium billet now stood at 169,300 tonnes. In Foshan and Guangdong and in Changzhou,...
Chinese primary aluminium inventories grow 55,000 tonnes: SMM
According to Shanghai Metals Market, social inventories of primary aluminium across eight major consumption areas in China, including SHFE warrants, have extended growth by 55,000 tonnes to 1.617 million tonnes over the week ended on February 14. On Monday, February 11, the primary aluminium...
Primary aluminium inventories grow 13.4% across China on poor spot transactions: SMM
According to Shanghai Metals Market, social inventories of primary aluminium across eight major consumption areas in China, including SHFE warrants, grew 13.4 per cent over a week-long Chinese New Year Holiday, as on today, February 11. Compared to 1.378 million tonnes as of January 31, the primary...
Lowered aluminium ingot price and increased billets stocks prompt aluminium alloy price drop
Followed by two back-to-back rises, the A00 aluminium ingot price registers a drop today, on February 1, by RMB 90 per tonne, found Shanghai Metals Market. After increasing on 30 th of January and 31 st of January, the aluminium ingot price had reached RMB 13,390 per tonne, but after a plunge today...
China’s primary aluminium inventories up as CNY break starts
Social inventories of primary aluminium across eight major consumption areas in China, including SHFE warrants, came in at 1.378 million tonnes as of Thursday January 31. This marked a growth of 75,000 tonnes from Thursday January 24, Shanghai Metals Market data showed. For the same period, stocks...
Aluminium billet stocks in China expanded further over the week
According to Shanghai Metals Market, stocks of 6063 aluminium billet across five major consumption areas in China increased some 22,500 tonnes over the week ended Thursday January 31. Stocks of aluminium billets now stood at 110,200 tonnes. In Foshan and Guangdong and in Changzhou, Jiangsu, the...
Chinese A00 aluminium ingot price continues to drop on growing inventories and lower transactions
In the background of growing social inventories of primary aluminium by around 31,000 tonnes over the weekend and low transactions in the spot market, the A00 aluminium ingot price has recorded a plunge today, January 29, by RMB 120 per tonne. According to Shanghai Metals Market, yesterday, on...
Chinese primary aluminium social inventories grow and so as A00 aluminium ingot price
Social inventories of primary aluminium in China have further extended a growth over the weekend ended on Monday, January 28, as some downstream consumers begun Chinese New Year break resulting in lowered consumptions, Shanghai Metals Market (SMM) found. Thus, after a further rise, the inventories...
Chinese A00 aluminium ingot price records a drop on increased inventory and lowered alumina price
Following the growth of primary aluminium stocks by 39,000 tonnes to 1.303 million tonnes yesterday, the price of A00 aluminium ingot has registered a drop today, on January 25, to RMB 13,400 per tonne, Shanghai Metals Market found. This marks the primary aluminium price drop by RMB 70 per tonne...
Chinese primary aluminium inventory registers a growth of 39,000 tonnes
Social inventories of primary aluminium across eight major consumption areas in China, including SHFE warrants, came in at 1.303 million tonnes as of Thursday January 24. The figure is up by 39,000 tonnes from Thursday January 17, Shanghai Metals Market data showed. For the same period, stocks in...
Aluminium billet stocks in China expanded 7,000 tonnes over the week
According to Shanghai Metals Market, stocks of 6063 aluminium billet across five major consumption areas in China increased some 7,000 tonnes over the week ended Thursday January 24. Stocks now stood at 87,700 tonnes. In Foshan and Guangdong and in Changzhou, Jiangsu, the billets stocks increased...
Recap 2018: Primary Aluminium Market was on a slight deficit; aluminium import tariffs and Rusal sanctions drove the momentum (Part II)
(Continued from Part I ) LME/SME price trends An analysis of the LME and SME price trends in H1, H2 and the whole year 2018 will give us an idea about how the prices were impacted by the events in the aluminium supply scenario. As the sanctions hit the market in April and LME prices were pushed...
Primary aluminium inventory extends decline in China
According to Shanghai Metals Market, social inventories of primary aluminium across eight major consumption areas in China, including SHFE warrants, stood at 1.262 million tonnes as of Monday January 21, down 2,000 tonnes from Thursday January 17. Compared to last Thursday, inventories in Wuxi,...
China’s primary aluminium inventory decreases on limited arrivals
According to Shanghai Metals Market, social inventories of primary aluminium across eight major consumption areas in China, including SHFE warrants, stood at 1.264 million tonnes as of Thursday January 17, down 18,000 tonnes from Thursday January 10. Compared to last Thursday, stocks in Wuxi,...
China’s primary aluminium inventory declines as shipping capacity shrinks
According to Shanghai Metals Market, social inventories of primary aluminium across eight major consumption areas in China, including SHFE warrants, stood at 1.282 million tonnes as of Thursday January 10, down 20,000 tonnes from Wednesday January 2. For the same period, stocks in Wuxi, Jiangsu and...
China’s primary aluminium inventory declines post the holiday
According to Shanghai Metals Market, social inventories of primary aluminium across eight major consumption areas in China, including SHFE warrants, stood at 1.299 million tonnes as of Monday January 7, down 3,000 tonnes from Wednesday January 2. This followed after a week-on-week increase of 6,000...
China aluminium market weekly summary; aluminium prices to remain under pressure on growing inventory and no cost support
According to the latest Weekly macro report from Shanghai Metals Market, aluminium prices in China are likely to trade under pressure in the near term as recent supply cuts in seven major smelters slowed down. Last week, social inventories of aluminium across eight consumption areas in China grew...
China’s primary aluminium inventory increases by 16,000 tonnes; A00 aluminium ingot price sees a drop
According to Shanghai Metals Market, social inventories of primary aluminium across eight major consumption areas in China, including SHFE warrants, stood at 1.3 million tonnes as of Wednesday January 2, up 16,000 tonnes from Thursday December 27. This followed after a week-on-week increase of...
