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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Weiqiao Group lowers prebaked anode price on sluggish demand; A00 ingot prices remain flat
As updated by Shanghai Metals Market on the face of growing inventory and slow demand from smelters Weiqiao Group has lowered its prebaked anode purchasing price by RMB 200 per tonne for March at RMB 3,890-4,050 per tonne delivered. The March price followed an RMB 150 per tonne cut for February....
LME aluminium slips on the back of strong US dollar; SHFE up on active trading
As seen by Shanghai Metals Market LME aluminium came under pressure from the strong US dollar and slipped to a low of USD2,129/t overnight and finally closed at USD2158 per tonne on Wednesday, February 28. Since LME aluminium inventory growth has come to a halt, aluminium prices on the bourse are...
LME aluminium drops further, but may firm up as inventory growth comes to a halt
The benchmark aluminium price on London Metal Exchange slipped further from US$2,188.50 per tonne to US$2,172.52 per tonne on Tuesday, February 27, as stocks were available and selling was regular. But finally LME aluminium inventory growth has come to a halt, which means aluminium prices on the...
Spot alumina price drops in China, aluminium inventory continues to climb up
After a flat run in January and February, struggling to stay afloat in the face of slow demand, spot alumina prices in China have dropped today across all markets. SMM expected alumina prices to rally ahead of the Chinese New Year holiday in mid-February before downward pressure returns. However,...
A00 ingot price drops in a primarily passive China market; raw material and alloy prices remain flat
According to Shanghai Metal Market, SHFE’s aluminium inventory jumped to a record high at 811,839 tonnes as on Friday February 23, as shown by SHFE data. The stocks have been rising every week since late June 2017 and it is mostly driven by lower consumption by domestic manufacturers. There is no...
Inventory climbs up and A00 ingot prices drop after the Chinese New Year holidays
Trading starts in China at a sluggish pace after the Chinese New Year and there is no such significant movement in the prices of commodities and the raw materials other than the substantial drop in A00 aluminium ingot prices. According to Shanghai Metals Market, China’s social inventory of refined...
LME aluminium closes higher supported by tight spreads; further rise likely
Benchmark aluminium price on London Metal Exchange closed 2 per cent higher at US$2,189.50 per tonne on Friday, February 16, as spreads tightened and price competition grew among market participants. Aluminium spreads have widened to a US$10 premium for cash over benchmark aluminium as the major...
LME aluminium reverses downtrend but surging inventory may cap the price rise
LME aluminium is finally showing some signs of recovery. The light metal contract closed at US$2,164 per tonne on Thursday, February 15, up from US$2,138 per tonne on Wednesday. However, the dramatic rise in LME aluminium stocks is likely to create a downward pressure on the price rise. The...
Largest LME aluminium delivery in 4 years to swing spreads back into contango- an excerpt
Aluminium stocks on the London Metal Exchange have increased nearly 30% over the last three trading days, with market participants taking advantage of tightness in the February/March nearby spread. 166,225 tonnes were delivered onto the exchange today, the largest single delivery of aluminium into...
Average A00 ingot price in China remains flat today; trading expected to pick up after the holidays
As updated by Shanghai Metals Market, China’s aluminium inventory after Chinese New Year Holiday may continue to go up to 2.1 million tonnes from the present volume of 1.8 million tonnes. Sluggish trading and weak consumption ahead of the week-long holiday has accumulated the stocks, and it is a...
LME aluminium drifts lower as inventory grows to 1.28 million tonnes
Benchmark aluminium price on London Metal Exchange slipped US$6 per tonne lower on Tuesday, February 13, as LME aluminium inventory grew significantly to 1.28 million tonnes. The light metal contract closed at US$2,123.50 per tonne yesterday, down from US$2,129.50 per tonne on Monday, February 12....
A00 ingot price gains on increasing export orders despite growing primary aluminium inventory in China
According to the data from Shanghai Metals Market, China’s social inventory of primary aluminium hit a record high of 1.81 million tonnes on Monday February 12, due to sluggish trading ahead of the Chinese New Year holiday next week. This is up from 1.78 million tonnes recorded on Thursday February...
Downtrend continues in LME aluminium as inventory piles up
Benchmark aluminium price on London Metal Exchange dropped 0.58 per cent as inventory rose due to surging Chinese export. The light metal contract closed at US$2,129.50 per tonne on Monday, February 12, down from US$2,142 per tonne last Friday, February 9. Shanghai Metals Market forecasts that LME...
Sluggish trading raises primary aluminium inventory in China; A00 ingot price drops across all markets
Sluggish trading ahead of the Chinese New Year holiday next week is keeping the Chinese market passive and there is no such significant movement in the prices of commodities and the raw materials. According to Shanghai Metals Market, China’s social inventory of refined aluminium including SHFE...
LME aluminium drops to two-week low as stockpiles rise in China
Aluminium prices on London Metal Exchange hit a two-week low on Thursday, February 1, as worries grew stronger over rising stockpiles in China. Despite elaborate smelter capacity cuts Chinese market continues to remain in surplus, and this is likely to keep the lid on rising LME aluminium prices....
A00 ingot prices slightly down today; aluminium inventory remains flat from last week
According to Shanghai Metal Market data, China’s social inventory of primary aluminium including SHFE warrants stood at 1.76 million tonnes on Thursday February 1, slightly down by 2,000 tonnes from a week ago. Logistics constraints have impacted some deliveries in January. However, SMM learned...
China aluminium alloy prices drop across regions amid muted buying
Aluminium alloy prices in China domestic market dropped across major regions as buying slowed down in the winter months. Interruption of the movement of trucks due to low temperatures and heavy smog forced end user industry players to limit their buying of aluminium alloys for future operations. As...
An expected rise in US dollar index puts a lid on LME aluminium price gains
LME aluminium remained almost unchanged over the weekend as dollar showed signs of reversal from its current lows. The light metal contract rose marginally from US$2,237.5 per tonne on Thursday, January 25 to close at US$2,238 per tonne on Friday, January 26. With the US dollar still staying in the...
