LME aluminium price eases 0.3% on September 10; stocks remain stable at 244,525/t
The London Metal Exchange (LME) aluminium price graph contracted on September 10 across cash and contracts, with longer-dated contracts reporting nearly 1 per cent decline. The aluminium opening stocks, however, remained stable. The LME aluminium cash bid price shifted from USD 3,351.5 per tonne on...
Aluminium tariffs, not Trump’s alcohol ban, are the bigger threat to BC brewers
The escalating US-Canada trade conflict is putting pressure on the US alcohol industry from two directions. The BC wine and beer industry is facing fresh uncertainty as the US President Donald Trump proposed to block most Canadian alcoholic beverage imports from September 29, 2026. While British...
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Bosnia region to sell 44% stake in Aluminij smelter
Bosnia's regional government will soon offer for sale its 44 percent stake in the country's sole aluminium smelter Aluminij Mostar to help cover a budget deficit, the Prime Minister said on Thursday. The sale of Aluminij, one of Bosnia's top exporters, is part of the government's plan, endorsed...
Utilization rate at China A356 aluminum alloy producers fall in May
Utilization rate at 15 Chinese A356 aluminum alloy producers dropped slightly to 61.14% in May, Shanghai Metals Market survey finds. The small decline in production, however, leaves the market still in slight surplus, SMM aluminum group says, which kept processing fees for A356 aluminum alloy in...
Aluminium market rises on short covering, open interest drops 2.94%
Aluminium settled up 0.09% at 110.85 gave up it's earier gains after U.S. aluminum premiums have fallen to their Lowest in more than three years as imports and scrap suppLies remain high and merchants unwind Long positions, extending an unprecedented, months-Long rout. The premiums that fabricators...
China aluminum alloy wheel exports grew 2.4% in Apr. 2015
China exported 67,500 tonnes of aluminum alloy wheels in April 2015, valued at $341 million, up 2.4% and 3.3%, respectively, from a year ago, data from the China Association of Automobile manufacturers (CAAM) showed. The average export price was $5.04/kg in April. Export volumes and value totaled...
Supply glut puts pressure on aluminium
Aluminium prices show few signs of recovering as the world remains in a glut of the lightweight metal used in cars and cans. The price of the metal has fallen 11 per cent in the past 24 days to $1,758 a tonne on the London Metal Exchange. That is below the metal's average price of more than $2,000...
London Metal Exchange to launch new range of aluminum contracts
The London Metal Exchange on Monday said it is launching a new range of aluminum contracts to allow users to protect themselves against rising regional charges that occur in addition to the cost of the metal. The decision is part of a broader strategy by the LME to keep a handle on costs for market...
High Purity Alumina demand to grow markedly in Li-ion battery, ceramics sectors
Institutions see robust demand for high purity alumina, defined as at least 99.99% Al2O3, in high-end markets, namely Li-ion battery and ceramics sectors, a local source reported. China mainly relies on imports in high purity alumina. China’s high purity alumina market is dominated by Sumitomo...
Global flexible packaging market to reach $99 bn in 2019
Aided by escalating demand from Asia Pacific and rest of the world, the global flexible packaging market is anticipated to reach $99.1 billion by 2019, according to a new Transparency Market Research (TAM) report. Based on volume, the demand for flexible packaging is expected to reach 24,728 kilo...
China’s primary aluminum imports rose 65.09% MoM in April
China imported 17,500 mt of primary aluminum in April, down from a year ago, but up 65.09% MoM, customs data showed. The SHFE/LME aluminum price ratio climbed from 7.1 in early March to 7.5 in April, favoring aluminum imports. In addition, overseas aluminum premiums continued falling, with premiums...
Aluminium set for biggest monthly loss in 2-1/2 yrs on supply glut
Aluminium slid on Friday on continued worries about heavy output from China swamping the global market and was on track for its biggest monthly decline in over 2-1/2 years. Three-month aluminium on the London Metal Exchange dropped 1 percent to $1,758 a tonne by 0943 GMT after gaining 2.2 percent...
Slight improvements noticed in metal prices say analysts
Aluminium and copper prices recovered from recent losses as the US dollar weakened against the euro and optimism grew over a Greek debt deal. However some analysts were cautious over whether gains could be sustained due to plentiful supplies. Most other base metals also rebounded from a recent...
Growing aluminium supply hurts prices
Aluminium hit its weakest in a year yesterday on rising supplies amid fears that the market is headed for the worst period in three years. Aluminium is in oversupply with a huge stock overhang, and output has continued to rise this year, with the latest industry figures showing daily average...
Aluminum Association updates on downstream market situation in North America
Estimated shipments of Aluminum Drawing Stock, Bare Wire and Rod & Bar by U.S. and Canadian producers totaled 105.0 million pounds during April 2015, unchanged from April 2014. Compared to the previous month, shipments declined 2.6 percent from the March 2015 revised total of 107.8 million pounds....
Oversupply drags down aluminium prices by 9.7 percent in May
Analysts fear another slump in aluminium as the metal price falls by 9.7 percent in May making it the biggest monthly drop since October 2012. For 10 straight sessions aluminium has seen a continuous drop – the longest slump since January and oversupply looks like the reason for the slide. China,...
Norsk Hydro ups aluminium output by 35,000 tonnes per year
Norwegian metals producer Norsk Hydro has decided to go ahead with a previously planned increase of aluminium output at its Sunndal plant by 35,000 tonnes per year, starting in the middle of 2015, the company said on Wednesday. The increase is due to "recent market developments for aluminium",...
Aluminium prices rise by 0.36% in futures trade on overseas uptrend
Aluminium prices today rose 0.36 per cent to INR110.55 per kg in futures trade as speculators enlarged positions amid a rising trend overseas. Furthermore, increased demand at domestic spot markets influenced prices. At the Multi Commodity Exchange, aluminium for delivery in May rose 40 paise, or...
Aluminium prices surge 0.45% in futures trade aided by strong spot demand
Aluminium prices edged up by 0.45 per cent to INR 111.50 per kg in futures trade today as participants enlarged positions amid a firming trend at spot markets on strong demand. At the Multi Commodity Exchange, aluminium for delivery in May inched up by 50 paise, or 0.45 per cent, to INR 111.50 per...
Poor market might dampen aluminum prices in Q2
Aluminum prices in China are expected to take a hit in Q2 as the supply/demand imbalance will deteriorate, Shanghai Metals Market foresees. On the supply side, operational aluminum capacity in China hit 30.95 million tonnes at the end of April, up some 900,000 tonnes from the end of last year, SMM...
