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 $3,292.5/t as lower exchange stocks point to tighter availability
LME aluminium prices edged lower on September 4 compared with the previous trading day, while aluminium stocks also declined marginally. The most notable movement was in cancelled warrants, which fell by more than 38 per cent day on day. On September 4, the LME aluminium cash bid price stood at USD...
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China’s aluminium inventory reports greater week-on-week decline: A00 ingot price surges
The Chinese market has been reported witnessing a steady downstream consumption against fewer deliveries to warehouses over a period of time. As a consequence of which, primary aluminium inventory is incessantly recording a plunge, indicating a balance maintained between production, supply, and...
Steady downstream consumption shrinks primary aluminium inventory and spot discounts in China
As reported by Shanghai Metals Market, China's inventory of primary aluminium, including SHFE warrants, shrank to 2.12 million tonnes as of Monday May 21 due to stable downstream consumption. The inventory was down 20,000 tonnes from 2.14 million tonnes on Thursday May 17 and down 32,000 tonnes...
China’s aluminium inventory records largest week-on-week decline: A00 ingot price dips again
Aluminium inventory had been plunging over a week but Thursday, May 17 broke all the record of the year 2018, as it witnessed the largest week-on-week decline. According to Shanghai Metal Market, China’s inventory of primary aluminium, including SHFE warrants, fell 58,000 tonnes to stand at 2.138...
LME aluminium prices fall on inventory rise; SHFE hit a high of RMB14, 925/t
LME aluminium prices faced pressure overnight as Chalco called for a lift of China's tariff on primary aluminium's export, as seen by SMM. Base metals mostly inched up last night, but LME aluminium fell nearly 1% as inventories grew. The metal closed at US$ 2280 per tonne on May 17 from US$ 2319.50...
Spot aluminium inventories plunge in Guangdong on fewer deliveries: Ingot spot price witnesses a surge
According to Shanghai Metal Market report, spot aluminium inventories in Guangdong province in China plunged 16,000 tonnes on Monday, May 14, 2018, from a week ago with fewer deliveries. Inventories declined, owing to the rise in production of molten aluminium and as busbars in newly added...
Primary aluminium inventory in China witnesses a succeeding dip; A00 ingot price plunges again
According to a Shanghai Metal Market report, an incessant growth in aluminium shipments and a constant rise in consumption in some of the major Chinese markets like Wuxi and Foshan drove a further downfall in primary aluminium inventory on May 14, 2018, to close at 2.15 million tonnes, as against...
LME aluminium surged to a high of US$2,370/t in the morning; SHFE closed flat
After showing gain and closing at US$2384 per tonne on Tuesday May 8, LME aluminium closed down at US$ 2295 per tonne on Wednesday May 9. The metal surged to a high of US$2,370 per tonne from a low around US$2,280 per tonne overnight. Shanghai Metals Market expects it to test support at the five-...
Growing shipments in China drive a plunge in aluminium inventory: A00 aluminium ingot price dips as well
As shipments grew in some of the major Chinese markets like Wuxi and Foshan, China’s primary aluminium inventory again shrank from 2.21 million tonnes on May 7, 2018, to 2.196 million tonnes on Thursday, May 10, 2018, according to Shanghai Metal Market. On May 7, the inventory had risen from 2.2...
LME remains closed on May 7; SHFE 1807 climbed to a high of RMB 14,755 per tonne overnight
London Metal Exchange was closed on Monday May 7 due to Early May Bank Holiday. Shanghai Metals Market expects LME aluminium to expand upwards along the 20-day moving average today with a trading range of US$2,320-2,370 per tonne. The benchmark aluminium price on Shanghai Metal Exchange increased...
Downstream consumers stockpiling more on ingots than billets; major alloy prices remain unchanged
Aluminium downstream players started stockpiling raw material in the last week and continuing to do so until this week, resulting in active trading at aluminium spot market across East and South China, Shanghai Metal Market research found. Traded prices for aluminium billet processing fees,...
China's aluminium inventory plunges over Labour Day holiday; A00 ingot price dips as well
After two days of holiday on the commemoration of Labour Day in China, Shanghai Metal Market unwrapped witnessing a drop in aluminium inventory on Wednesday, May 2, 2018, to close at 2.2 million tonnes. To say the truth, aluminium inventory had been witnessing a fall over the past one week,...
Chalco’s Q1 net profit drops on lower aluminium prices
Chinese aluminium giant Chalco reported a 19.4 per cent drop in the first quarter net profit due to lower aluminium prices. The company’s net profit declined to 308.6 million yuan ($48.94 million) in the first three months of 2018 as against 382.9 million yuan in the corresponding period last year....
Alumina price is on rising spree, while aluminium inventory edges down: SMM learns
Along with aluminium price surge on London Metal Exchange (LME) due to US sanctions against Rusal, alumina prices are incessantly moving upward due to tight supplies and rising export margins, Shanghai Metal Market (SMM) learned. According to Shanghai Metal Market report, the average alumina price...
China's aluminium inventory drops while average A00 aluminium ingot price remains unchanged
After swinging between 2.231 million tonnes and 2.227 million tonnes over a week, China’s aluminium inventory dropped further to 2.216 million tonnes, according to Shanghai Metal Market on April 16, 2018. This is 15000 million tonnes down from 2.231 million tonnes recorded on April 12, 2018....
China’s inventory rose again, while ADC12 aluminium alloys export price stood lowest
China’s inventory of refined aluminium has been oscillating between 2.231 million tonnes and 2.227 million tonnes since more than a week. After a plunge to 2.227 million tonnes on April 8, 2018, the inventory including SHFE warrants once again soared to 2.231 million tonnes on Thursday April 12,...
LME aluminium climbed 3.7% to a two months high driven by US sanctions on Rusal; SHFE follows the trend
LME aluminium climbed 3.7% to a record high in two months, driven by US sanctions and trade restrictions on Rusal. LME aluminium tested a high of $2,242 per tonne overnight as the US dollar weakened and as the US-Russia trade conflict took over the trade war issue. Reuters reported yesterday London...
A00 ingot price rises on declining aluminium inventory and output
After the two days of holiday for Qingming Festival in China on Thursday April 5 and Friday April 6, the aluminium market shows an overall positive sentiment. Aluminium traders, manufacturers and investors get a reason to rejoice as both aluminium inventory and output declined. According to the...
LME aluminium dips much below US$ 2000 in the face of worldwide trade tensions; SHFE remains close today
LME continues downward trend as there is no strong fundamental in the international market. The inventories are high and the market is buzzing with trade restrictions and counter actions among countries. After losing its position of US$2,000 per tonne on yesterday’s trading after seven days of...
