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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Downstream purchases brought down aluminium billet inventories slightly in China
Social inventories of primary aluminium across eight consumption areas in China, including SHFE warrants, dropped by some 29,000 tonnes from Thursday November 15 to stand at 1.424 million tonnes as of Thursday November 22, Shanghai Metals Market data showed. Limited cargoes arrived in social...
Rio Tinto projects need of extra aluminium capacity outside China after next two to three years
According to Rio Tinto, aluminium inventories in the world outside China would decline in next two to three years as demand will see a quicker growth. Alf Barrios, the chief executive officer of Rio Tinto Aluminium said this in an interview recently. “We see aluminium demand growth being extremely...
Chinese A00 aluminium ingot price records a hike on lowered inventories: SMM
Shanghai Metal Market research found a further drop in social inventories of primary aluminium across eight major consumption areas in China. The stock, including SHFE warrants, came in at 1.438 million tonnes over the weekend ended on Monday, November 19, down some 15,000 tonnes from last...
Active downstream purchases on sluggish spot price lead to weak aluminium and billets inventories in China
Social inventories of primary aluminium across eight consumption areas in China, including SHFE warrants, dropped by some 32,000 tonnes from Thursday November 8 to stand at 1.453 million tonnes as of Thursday November 15, Shanghai Metals Market data showed. Downstream buyers stockpiled as spot...
Weak fundamentals weighed down both LME and SHFE; LME closed at US$ 1917 per tonne on November 17
The US dollar held steady against a currency basket while the pound dipped amid uncertainty over whether Prime Minister Theresa May's draft Brexit plan will receive parliamentary approval. LME aluminium continued to trade weakly and closed Thursday’s trading at US$ 1917 per tonne. It regained some...
Chinese A00 aluminium ingot price extends plunge over the weekend despite further lowered inventories
According to Shanghai Metals Market, the A00 aluminium ingot price has extended its plunge over the weekend by RMB 30 per tonne on Monday, November 12, to stand at RMB 13830 per tonne. The average prices are expected to range between RMB 13810 per tonne and RMB 13850 per tonne, with spot discount...
Chinese aluminium alloy price still shows restraint against extended drop in billet inventories; ingot price records a plunge
According to the data by Shanghai Metals Market, stocks of 6063 aluminium billet across five major consumption areas in China dropped by some 11,300 tonnes over the weekend ended on Thursday, November 8 to stand at 129,800 tonnes. SMM believes downstream buyers stockpiled as prices dipped over the...
LME aluminium price inches up slightly; SHFE remains weak
The US dollar index fell to the lowest in two weeks after the US midterm election results and as investors looked ahead to a Federal Reserve meeting for signals on future interest rate hikes. LME and SHFE base metals closed mixed as LME aluminium led the increase and rose 1.61%. LME aluminium...
A00 aluminium ingot price in China grows against lowered inventories due to fewer arrivals
According to Shanghai Metals Market, social inventories of primary aluminium across eight major consumption areas in China, including SHFE warrants, came down again by 40,000 tonnes from last Thursday, November 1, to 1.485 million tonnes as of today, November 8. SMM believes fewer arrivals to the...
China’s primary aluminium inventory drops on limited supplies; Ingot prices rise after four days
Social inventories of primary aluminium across eight consumption areas in China, including SHFE warrants, dropped some 25,000 tonnes from Thursday November 1 to stand at 1.5 million tonnes as of Monday November 5, Shanghai Metals Market data showed. Supplies shrank while outflows from social...
Aluminium alloy price records no rise despite lowered billet inventories in China: SMM
According to the data by Shanghai Metals Market, 6063 aluminium billet inventories across five major consumption areas in China extended a week-on-week decline by some 2,400 tonnes over the weekend ended on Thursday, November 1, to stand at 141,100 tonnes. The reason for this plunge could be...
Chinese primary aluminium inventories decline W-o-W on growing consumption; Ingot price extends plunge further
Social inventories of primary aluminium across major consumption areas in China, including SHFE warrants, dropped some 13,000 tonnes week-on-week to stand at 1.525 million tonnes today, November 1, Shanghai Metals Market found. This decline in social inventories could be attributed to molten...
LME aluminium recovers some losses on Monday; both LME and SHFE expected to trade weakly today
The dollar edged higher against the euro on Monday. The dollar added to recent gains against other major currencies, supported by robust US consumer spending data on Monday. Both LME and SHFE base metals ended in negative territory across the board overnight. LME aluminium closed Monday’s trading...
China’s aluminium inventory continues downward trend; A00 ingot price stands at RMB14120/t
Social inventories of primary aluminium inventories across eight consumption areas in China, including SHFE warrants, declined by some 10,000 tonnes from Thursday October 25 to stand at 1.528 million tonnes as of Monday October 29, Shanghai Metals Market data showed. The decline in inventories of...
China’s aluminium inventories shrink on production cuts; alloy prices remained unchanged
Social inventories of primary aluminium inventories across eight consumption areas in China, including SHFE warrants, declined by some 45,000 tonnes from Thursday October 18 to stand at 1.538 million tonnes as of Thursday October 25, Shanghai Metals Market data showed. High costs and cash flow...
China’s aluminium inventories decrease amid few arrivals; A00 ingot price gains after three consecutive falls
Social inventories of primary aluminium inventories across eight consumption areas in China, including SHFE warrants, declined by some 27,000 tonnes from Thursday October 18 to stand at 1.556 million tonnes as of Monday October 22, Shanghai Metals Market data showed. Limited cargoes arrived in...
Aluminium billet inventories in China drop in China as downstream consumers restocked raw materials
Inventories of aluminium billet decreases across all the major consumption areas in China as downstream consumers restocked raw materials, Shanghai Metals Market found. Stocks of 6063 aluminium billet stood at 150,000 tonne on Thursday October 18, down by some 2,000 tonnes. The aluminium billet...
Primary aluminium inventories drop in China on downstream purchases; A00 ingot price continues downward trend
As reported by Shanghai Metals Market, social inventories of primary aluminium inventories across eight consumption areas in China, including SHFE warrants, declined by some 30,000 tonnes from Thursday October 11 to stand at 1.583 million tonnes as of Thursday October 18.The decline week-on-week...
