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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Aluminium billet stocks expanded 1,400 tonnes on weaker demand
According to Shanghai Metals Market, stocks of 6063 aluminium billet across five major consumption areas in China expanded 1,400 tonnes over the week ended on Thursday, December 27, to stand at 11,000 tonnes. Weaker demand accounted for increase in billet stocks. The below chart shows the current...
Chinese A00 aluminium ingot price declines on increased inventory and extended price drop of alumina
According to Shanghai Metals Market, social inventories of primary aluminium across eight major consumption areas in China, including SHFE warrants, increased 6000 tonnes over the week ended on December 27, to come in at 1.29 million tonnes. More arrivals from smelters and smaller purchases from...
Chinese aluminium billet inventories record the biggest weekly drop on poor production and transportation shortage
According to Shanghai Metals Market, the week ended on December 20 recorded the biggest weekly decline in social aluminium billet inventories in last eight months. The inventories dropped 11,900 tonnes because of smaller arrivals and sellers destocking at the year-end. Deliveries from social...
Chinese primary aluminium inventories drop slower over the weekend; A00 ingot price increases RMB 60/t
According to Shanghai Metals Market, social inventories of primary aluminium across eight major consumption areas in China, including SHFE warrants, dropped 4,000 tonnes over the weekend ended on Monday, December 24, to stand at 1.276 million tonnes. The decline was, however, slower compared to the...
Chinese aluminium alloys price drops despite lowered billet inventories: A00 ingot price grows
According to Shanghai Metals Market, stocks of 6063 aluminium billet across five major consumption areas in China shrank some 11,900 tonnes over the week ended on Thursday, December 20, to stand at 108,600 tonnes. The reason for this decline could be the smaller arrivals of billets to warehouses...
China’s inventory of primary aluminium drops by 15,000 tonnes
As reported by Shanghai Metals Market, social inventories of primary aluminium across eight consumption areas in China, including SHFE warrants, stood at 1.28 million tonnes as of Thursday December 20, down 15,000 tonnes from 1.295 million tonnes on December 13. As social warehouses saw more...
LME aluminium closed higher on weakening dollar; production cut and solid downstream purchase support SHFE
The US dollar fell to a week-low on Tuesday as investors unwound long bets on the currency, anticipating that the Federal Reserve could slow the pace of US interest rate hikes after this week's policymaking meeting. LME base metals traded lower on Tuesday and aluminium lost 0.5%. SHFE base metals...
China's inventory of primary aluminium drops with smelter capacity cut; market prices remain unchanged today
As reported by Shanghai Metals Market, China's social inventory of primary aluminium including SHFE warrants, across eight consumption areas continued its decline and stood at 1.28 million tonnes as of Monday December 17. This volume is about 18,000 tonnes less from the stock on Thursday December...
Both LME and SHFE aluminium dip on dollar's gain; China market gets support from falling inventories
The dollar strengthened against most major currencies on Thursday on US President Donald Trump's upbeat comments on trade talks with China and Beijing's first major purchase of US soybeans in months. Both LME and SHFE base metals closed mixed on Thursday. LME aluminium slipped 0.3% and SHFE...
China’s primary aluminium inventories extend decline on supply cuts; A00 ingot price registers a drop
As reported by Shanghai Metals Market, China's social inventories of primary aluminium across eight consumption areas including SHFE warrants amounted to 1.295 million tonnes as of Thursday December 13.This is down from 1.352 million tonnes recorded on Thursday December 6. Supply cuts accounted for...
Spot aluminium discounts to widen at the end of the month in anticipation of supply growth: SMM
Shanghai Metals Market expects spot aluminium discounts across Chinese markets to widen at the end of December as new capacity, pledged cargoes, and stockpiles across producers are likely to grow supplies to the markets. According to SMM assessments, the A00 aluminium prices have been flat with the...
Chinese A00 aluminium ingot price extends rise in the backdrop of lowered inventories; alumina price drops
According to an update from Shanghai Metals Market, social inventories of primary aluminium continued to extend its fall across eight consumption areas in China, including SHFE warrants, and stood at 1.32 million tonnes, as of Monday, December 10. This marked a decline by some 35,000 tonnes from...
Aluminium shipments by North American producers up three per cent from January to October 2018
According to the latest report from Aluminum Association, aluminium net shipments (including exports) by domestic U.S. and Canadian facilities increased 6.7 per cent YoY to stand at an estimated 1 million tonnes during October. The October 2017 shipment stood at 933,946 tonnes. Out of the total...
Aluminium billet inventories in China drop on greater deliveries; ingot price extends decline
As reported by Shanghai Metals Market,, 6063 aluminium billet inventories across five major consumption areas in China dipped some 3,100 tonnes over the weekend ended on Thursday, December 6, to stand at 117,900 tonnes. Deliveries from warehouses picked up after a decline, SMM learned. This came...
Operating rates at Chinese aluminium wire and cable manufacturers remain unchanged M-o-M: SMM
Shanghai Metals Market research found that operating rates at Chinese manufacturers of aluminium wire and cable remained unchanged in November from a month ago at 86.2 per cent, but fell 0.77 percentage point from the corresponding period last year. Although weaker consumptions of home appliances,...
China’s primary aluminium inventories extend decline amid supply cuts; ingot price registers a drop
China's social inventories of primary aluminium across eight consumption areas including SHFE warrants amounted to 1.367 million tonnes as of Monday December 3. This is down from 1.386 million tonnes recorded on Thursday November 29, SMM data showed. Social warehouses saw fewer shipments arrive...
Chinese primary aluminium inventories continue to shrink and so the ingot prices; Billet inventories rise slightly
According to Shanghai Metals Market, primary aluminium inventories across eight major consumption areas in China, including SHFE warrants, have recorded a drop by some 38,000 tonnes from a week ago to come in at 1.386 million tonnes on Thursday, November 29. On last Thursday, November 22, the...
Prebaked anode prices to drop in December on downstream production cuts and eased winter curbs
The prices of prebaked anode in December are expected to fall on suspension of high cost downstream aluminium smelters and lower impact of 2018/2019 winter production cuts in the primary sector, SMM expects. Some 1.96 million tonnes of capacity was cut for this winter in major prebaked anode...
