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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LME aluminium slips further on rising inventory and US dollar; SHFE drops in absence of strong fundamentals
The US dollar gained on Wednesday as stocks dipped, boosting demand for safe haven currencies, after the Federal Reserve released minutes from its September meeting. LME base metals, except for zinc, ended in negative territory across the board on Wednesday. An increase of 85,725 tonnes in LME...
LME aluminium tumbled to a low of US$2,014/t as inventories gained 70,775 mt; SHFE expected to trade at RMB14,250-14,360/t
Both LME and SHFE base metals ended in mixed performance overnight. Benchmark aluminium price on London Metal Exchange decreased to close at US$2022 per tonne on Tuesday, October 16, down from the previous day’s close at US$ 2028 per tonne. LME aluminium fluctuated on Tuesday but tumbled to a low...
LME aluminium registered a six-day losing streak; SHFE to trade at five-day moving average
The dollar fell to low in two weeks on Thursday against a basket of currencies as traders pared greenback holdings on lower US Treasury yields and further losses on Wall Street. A weaker-than-forecast rise in US consumer prices in September also reduced bets for a faster pace of interest rate. LME...
China’s aluminium inventories rise as holiday shipments arrived; Aluminium billets stocks grow on new port inclusion
As reported by Shanghai Metals Market, primary aluminium inventories across eight consumption areas in China, including SHFE warrants, rose by some 23,000 tonnes from Thursday September 27 and 9,000 tonnes from Monday October 8 to stand at 1.613 million tonnes as of Thursday October 11.China’s...
Sellers’ enthusiasm to offload cargoes in South China bolsters primary aluminium inventory surge
Shanghai Metals Market research found stocks across local warehouses in south China grew yesterday, October 8, after a week-long National Day holiday, as spot aluminium sellers showed keen interest to offload cargoes. SMM data as of Monday showed the primary aluminium stocks in Nanhai, Guangdong...
Chinese primary aluminium inventories record a surge during week-long National Day Holiday
After a week-long National Day holiday in China, Shanghai Metals Market research team presents an update on the primary aluminium inventory. According to the data shown, the inventories across eight major Chinese consumption areas have grown due to fewer-than-expected cargoes arrival at warehouses....
LME aluminium picks up on falling inventory; premiums slid across the world on softening of sanction fear
LME aluminium started the week and the new month with a gain and closed at US$ 2047.50 per tonne on October 1. The contract gained further to close at US$2080 per tonne on October 2. Aluminium inventories in London Metal Exchange have been falling at an unforeseen speed. LME on-warrant aluminium...
LME aluminium slips on the back of strong US dollar; SHFE declines for four consecutive days
The dollar climbed to a two-week peak versus a currency basket on Friday, as concerns about the Italian budget weighed on the euro while the greenback drew support from an outlook for multiple US interest rate hikes until 2020. LME base metals ended in mixed performance on Friday, September 28....
Aluminium billet inventories in China inch up on limited restocking; Alloy price registers a drop
Aluminium billet inventories have extended their growth further on less than expected restocking across the major Chinese consumption areas, found Shanghai Metals Market. As of September 27, the stocks of 6063 aluminium billet were seen at 117,200 tonnes after inching up by 1,000 tonnes from...
LME aluminium gains on quick clearing of warehouse stock; SHFE has closed lower for three consecutive days
The dollar gained on Wednesday in choppy trading after the Federal Reserve raised US interest rates as expected for the eighth time. LME aluminium gained and closed higher from the previous day at US$ 2056.5 per tonne on Wednesday on quick dropping of LME inventory. More and more metal are moving...
China’s aluminium inventory drops further to 1.59MT; A00 ingot price continues downward trend
As reported by Shanghai Metals Market, China's inventory of primary aluminium across major consumption areas in China, including SHFE warrants, shrank 33,000 tonnes from last Thursday to stand at 1.59 million tonne as of Thursday September 27. Inventories once again recorded a decline as downstream...
Chinese aluminium inventory records longest destocking phase this year on output cut and stable consumption
Shanghai Metals Market found that this year the Chinese aluminium inventory cycle so far has lingered in a destocking phase for 25 weeks, as of Wednesday September 26. This has been the longest destocking period since 2007, which was first recorded in 2011. As of Tuesday September 25, the social...
China’s aluminium inventory extended losses; A00 ingot prices plunge by RMB 130/t
According to the latest update by Shanghai Metals Market, primary aluminium inventories across eight consumption areas in China, including SHFE warrants, fell by some 17,000 tonnes from last Thursday September 20 to stand at 1.606 million tonnes as of Tuesday September 25.China’s aluminium...
LME aluminium closed higher on Friday; SHFE remains closed on Mid-Autumn Festival
Benchmark aluminium price on London Metal Exchange increased to close at US$2034 per tonne on Friday, September 21, up from the previous day’s close at US$ 2018.5 per tonne on Thursday September 20. As on September 21, LME aluminium cash (bid) price stands at US$ 2032 per tonne, LME official...
LME aluminium gains on weakening dollar and buoys SHFE counterpart; likely to trade upward today
The US dollar weakened Thursday, partly due to a buoyant British pound that was trading higher on the back of better-than-expected economic data. The pound has risen against the US dollar to hit a two-month high at 1.3288. LME aluminium settled 1.31% higher at US$2,056.5 per tonne after rising to a...
6063 aluminium billet stocks shrink in China leading to aluminium alloy price hike
Stocks of 6063 aluminium billet across five major consumption areas in China recorded a fall yesterday, September 20, by 4,900 tonnes from a week earlier to stand at 116,200 tonnes, Shanghai Metals Market found. The decline came after five consecutive weeks of increases. In Foshan and Guangdong,...
A00 aluminium ingot price in China extends a surge today on sluggish inventories
Primary aluminium inventories in China have once again recorded a plunge on September 20 because of improved consumption. According to the report from Shanghai Metals Market, the inventories across eight major consumption areas, including SHFE warrants are hovering at 1.623 million after being...
Primary aluminium inventories in China drop over the weekend leading to reduced ingot price
According to the latest update from Shanghai Metals Market, inventories of primary aluminium across eight major consumption areas in China decreased further by some 31,000 tonnes to stand at 1.645 million tonnes as of Monday September 17. On last Thursday, the inventories had lowered 38,000 tonnes...
