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 inventories in China extend their growth this week; SMM found
According to the latest update from Shanghai Metals Market, inventories of aluminium billet across major consumption areas in China have extended their growth this week. The reason could be the sluggish consumption in Guangdong area, SMM research found. Stocks of 6063 aluminium billet across five...
China’s primary aluminium inventory falls on limited deliveries; A00 ingot price rises
According to the latest update by Shanghai Metals Market, primary aluminium inventories across eight consumption areas in China, including SHFE warrants, fell by some 31,000 tonnes from last Thursday September 6 to stand at 1.683 million tonnes as of Monday September 10. There were limited...
A00 aluminium ingot price climbs on lowered inventories; Aluminium billet stocks hike on tepid consumption
According to the latest update by Shanghai Metals Market, primary aluminium inventories across major consumption areas in China shrank over the week as downstream consumers increased purchases to restock on lowered spot prices. As of Thursday, September 6, stocks across eight consumption areas,...
North America's aluminium demand up 2% through July 2018 driven by solid GDP growth in Q2
According to the preliminary estimates from Aluminum Association, aluminium demand in the United States and Canada (shipments by domestic producers plus imports) stood at an estimated 6.4 million tonnes through June 2018, up 2.0 per cent over the same period of 2017. Demand for semi-finished...
A00 aluminium ingot price dips in China despite weakened inventories; Pre-baked anode price grows high
After gaining over the last week ended on Thursday, August 30, the primary aluminium inventories across eight major consumption areas in China shrank over the weakened as limited deliveries arrived, Shanghai Metals Market learned. As of today September 3, the primary aluminium stocks, including...
Falling US dollar index and tight alumina market lifted LME and SME over the week, cost support to continue next week
The last week of August was marked by a falling US dollar index and a rising LME aluminium graph. August 27 was a holiday for LME and it started the week with a 1.26 % gain on August 28. The light aluminium contract traded within a range of US$ 2088 to US$ 2112 per tonne over the week. US dollar...
A00 aluminium ingot price dips on gaining inventories due to increasing supplies and weak consumption
The primary aluminium inventories across eight major consumption areas in China have extended gains over the week as arrivals rebounded and consumption in Guangdong weakened, Shanghai Metals Market found. As of today, August 30, stocks, including SHFE warrants, have grown by some 9000 tonnes from a...
Primary aluminium inventories extend W-o-W drop in China on limited supplies and active downstream purchases
Limited arrivals to the warehouses and active downstream purchases still continue in China, resulting in a week-on-week decline in primary aluminium inventories across eight major consumption areas. Stocks, including the SHFE warrants, shrank 23,000 tonnes from last Thursday, August 16, to stand at...
A00 aluminium ingot price drops in China due to steady consumption and limited supplies to inventories
According to Shanghai Metals Market, primary aluminium inventories across major consumption areas in China continued to decline over the weekend ended on August 20, 2018. Stocks, including SHFE warrants, shrank around 20,000 tonnes from last Thursday, August 16, to stand at 1.74 million tonnes. The...
Spot aluminium market in east China sees active trading on price drop; billet inventories record a rise again
Spot aluminium trading in east China spurred a bit on Thursday, August 16, than the previous day as drops in SHFE aluminium prices generated some purchases from downstream consumers, found Shanghai Metals Market. The SHFE September contract traded range-bound at RMB 14380 per tonne to RMB 14390 per...
A00 aluminium ingot price drops in China despite a W-o-W fall in primary inventory
According to the latest update by Shanghai Metals Market, primary aluminium inventories across major consumption areas in China has recorded a further fall this week with limited arrivals. Stocks across eight consumption areas, including SHFE warrants, shrank around 14000 tonnes from last Thursday,...
A00 aluminium ingot price drops in China but no change seen at input costs
Amid increasing raw material prices and dipped primary aluminium social inventory in China, A00 aluminium ingot price has been on a rising trend since the beginning of August, except a few intermittent drops. According to the latest update from Shanghai Metals Market, the ingot price has again...
A00 ingot gets support from higher input prices; inventory shrinks on slower deliveries
According to an update from Shanghai Metals Market, SHFE 1810 contract fell and closed at RMB 14,685 per tonne today as some longs covered their positions and the contract is expected to face resistance at RMB 14,850 per tonne. Average A00 ingot prices stand at RMB 14,500 per tonne today, up about...
Lower aluminium billet inventories on limited supplies elevate the alloy price in spot market
After five consecutive weeks of increase, aluminium billet inventories have sighted a slight plunge in China on Thursday August 9, backed on limited arrivals from producers, Shanghai Metals Market found. From last Thursday, August 2, the inventories of 6063 aluminium billet have dropped 2,400...
Primary aluminium price hikes further amid lowered inventory on limited supplies
China’s inventory of primary aluminium had been consistently registering a drop due to limited supplies from smelters. Today, August 6, showed no exception either. The inventory, including SHFE warrants, dropped 5000 tonnes from Thursday, August 2, to stand at 1.776 million tonnes as of August 6,...
A00 aluminium ingot price grows on declining inventory due to limited arrivals; alloys price remains unchanged
Primary aluminium inventory across eight major consumption areas in China, including SHFE warrants, shrank 14,000 tonnes further from last Thursday, July 26, to stand at 1.78 million tonnes as of Thursday, August 2, 2018, Shanghai Metals Market research found. Limited arrivals from smelters...
Weaker demand and cash flow weigh on downstream aluminium sector, affecting primary aluminium consumption further
According to the latest update by Shanghai Metals Market, demand in the aluminium plate/sheet and strip industry weakened in China, which as a result boosted the inventories of finished products across all major Chinese consumption areas. Plants grappled with tight cash flows amid growing...
LME aluminium closed the last week at 10-day moving average; likely to stay rangebound this week
The dollar index slipped and closed at 94.66 last Friday as strong US economic growth in the second quarter failed to ease trade tensions. Most LME metals fell last Friday. LME aluminium closed the Friday trading at US$ 2055 per tonne and lost all of its early gains in the night trading hours and...
