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 $3,292.5/t as lower exchange stocks point to tighter availability
LME aluminium prices edged lower on September 4 compared with the previous trading day, while aluminium stocks also declined marginally. The most notable movement was in cancelled warrants, which fell by more than 38 per cent day on day. On September 4, the LME aluminium cash bid price stood at USD...
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LME aluminium registers a rise after consecutive falls; SHFE gains support from higher alumina price
After a continuous downtrend, LME aluminium registered a rise and closed at US$ 2135.5 per tonne on Monday from US$ 2098.5 per tonne in the previous closing. It registered a second consecutive rise last night. It stood firm above the five-day moving average, jumping to a high of US$2,134.5 per...
China’s primary aluminium inventory drops slower W-o-W: Ingot price rises
China’s inventory of primary aluminium across eight major markets continued to dip over the weekend. According to Shanghai Metals Markets, including SHFE warrants, the inventory dropped 6,000 tonnes to stand at 1.83 million tonnes, as of Monday, July 9, 2018. A slowdown in downstream consumption...
China’s primary inventory continues to decline slower on narrow consumption
The decline in China’s social inventory of primary aluminium continued to slow down over the week ended July 5, 2018, according to the data showed by Shanghai Metals Market. This could be attributed to the slowdown in consumption, resulting in suppressed purchasing interest among downstream...
China’s inventory declines slower W-o-W on limited downstream procurement: ingot price falls
China’s social inventory of primary aluminium continued to decline over the weekend ended on July 2, 2018, but on a slower rate. According to Shanghai Metals Market, including SHFE warrants across eight major Chinese markets shrank only 9000 tonnes from last Thursday, June 28, to stand at 1.84...
China’s aluminium inventory down on increasing consumption: A00 ingot price rises
The incessant price fall of primary aluminium in China and increasing consumption among downstream consumers, as a result, led to the further decline of primary aluminium inventory over this week ended June 28, 2018, according to Shanghai Metals Market. Limited arrivals to the warehouses also...
China’s aluminium inventory sees marginal decline on lower consumption: A00 ingot price dips
The primary aluminium inventory in China, including SHFE warrants, saw a slower decline over the weekend as environment probe deterred downstream consumption. As of June 25, 2018, primary aluminium inventories across eight major consumption areas in China shrank 15,000 tonnes to stand at 1.87...
China’s aluminium inventory sees a slower decline this week: A00 ingot price is unchanged
China’s inventory of primary aluminium, including SHFE warrants, declined slower this week with a slight growth of warehouses supplies, according to Shanghai Metals Market. On Thursday, June 21, 2018, inventories of primary aluminium across eight major consumption areas in China shrank 40,000...
LME aluminium continues to fall in absence of strong fundamentals and growing trade tensions; SHFE follows suit
LME aluminium fell further and closed at US$ 2179 per tonne yesterday from US$2220.50 per tonne on Monday. Then the contract broke the US$2,200 per tonne level overnight as the US dollar index registered a fresh high in 11 months. Without support from fundamentals and with the growth in the US...
Alumina price in China dips for continued pressure; A00 ingot price drops on lowered aluminium inventory
Alumina prices continued to decline across China, facing pressure from higher operating capacity, potential surge in domestic supply, and falling prices of primary aluminium, according to Shanghai Metals Market. On Friday, June 15, 2018, the price of alumina averaged RMB 2812 per tonne, down RMB 92...
China’s A00 ingot price grows on aluminium inventory dip for sixth consecutive week
The primary aluminium inventory in China, including SHFE warrants, continued shrinking marking a sixth consecutive week of decline on June 14, 2018. Compared to the last Thursday when inventory stood at 1.98 million tonnes after shrinking 55,000 from its previous week, today, the inventory...
A00 aluminium ingot price in China dwindles and so is alumina spot price: SMM updates
After a slight rise in average A00 aluminium ingot spot price on June 12, 2018, from RMB 14720 per tonne to RMB 14750 per tonne, it dropped again to RMB 14540 per tonne on June 13, according to Shanghai Metals Market. The prices are expected to range between RMB 14520 per tonne and RMB 14560 per...
Aluminium market in east China lowers on narrowed spot discounts: A00 ingot price rises a bit
According to Shanghai Metals Market, east China on Monday, June 11, 2018, witnessed a narrowed trading in spot aluminium market. Traders showed reluctance in purchasing primary aluminium and took a wait-and-watch stance as spot discounts against the SHFE 1806 contract shrank. In the Shanghai...
Alumina price in China declines on spot cargoes sell: Primary aluminium price & inventory plunge as well
After a decline in two consecutive days last week, alumina spot price showed restraint today, June 11, at RMB 2904 per tonne, according to Shanghai Metals Market. On June 7, the alumina spot price plunged from RMB 2998 per tonne to RMB 2954 per tonne and on June 8, it fell to RMB 2904 per tonne....
Aluminium inventory dips for five consecutive weeks on fewer deliveries; ingot prices on a higher range
As reported by Shanghai Metals Market, China's primary aluminium inventory, including SHFE warrants, shrank 55,000 tonne from last Thursday to stand at 1.98 million tonne as of Thursday June 7. The commissioning of new production capacity slowed down and fewer deliveries arrived at warehouses in...
Average A00 aluminium ingot price surges on a lower primary aluminium inventory in China
After a fall on 1st of June, 2018, from RMB 14610 per tonne to RMB 14490 per tonne, the Shanghai Metal Market observed a surge in average A00 aluminium ingot price, reaching up to RMB 14550 per tonne on June 4, 2018. This indicates that the price today, on June 4, grew higher than June 1 but stood...
China’s aluminium inventory marks fifth consecutive week of decline: A00 ingot price rises
China’s primary aluminium inventory has been witnessing a continual decline on limited deliveries to warehouses since the beginning of the month, and today, May 31, 2018, did not display any exceptions. According to the Shanghai Metal Market, including SHFE warrants, the inventory saw a plunge from...
China’s aluminium inventory sees an uninterrupted shrink on fewer deliveries: A00 ingot price grows
After reporting a great weak-on-weak decline on Thursday, May 24, 2018, China’s primary aluminium inventory shrinks further today on May 28, 2018, including SHFE warrants, from 2.08 million tonnes to 2.05 million tonnes on fewer deliveries to warehouses at major markets in China, Shanghai Metal...
LME aluminium on downward trend and falls below 40-day moving average; SHFE likely to rise on falling inventory
LME aluminium continued downward trend and closed lower at US$ 2227 per tonne on May 23 Wednesday from US$ 2265.50 per tonne on previous closing. The contract fell below the 40-day moving average to a low of US$2,239 per tonne last night as the US dollar gained. It then rebounded above the five-day...
