LME aluminium price chart rises further to $3,325/t; stocks remain stable
The London Metal Exchange (LME) aluminium price chart continues to record an upward trend across the pricing and contract segments on the September 8 trading session, reporting gains over the September 7 close . Opening stocks remained stable, not reporting any further decline. The LME aluminium...
Canada’s H1’26 aluminium exports dip 12.57% amid US tariffs: What does H2 hold?
The first half (H1) of 2026 witnessed Canada’s exports of unwrought aluminium taking a deep plunge. The country supplied a total of 1.33 million tonnes of aluminium products to the world including unwrought aluminium, bars, rods and profiles, aluminium foil, pipes and tubes, plates, sheets and...
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Belgium’s aluminium cans import from Germany likely to drop 27% in 2019, while from Netherlands to rise 47%
According to the global export-import data, aluminium cans import into Belgium from Germany is estimated to come in at 7,494 tonnes in 2019, compared with 10,327 tonnes in 2018. This means this year is likely to see a downfall of 27 per cent in Belgium’s aluminium cans import from the previous...
Italy to witness slight increase in aluminium bar, rods and profiles export in 2019
Italy delivered about 213314 tonnes of aluminium bar, rods and profiles to the global market in 2019, unchanged from 2017. The top export destinations of aluminium bar, rods and profiles in 2018 were Germany (21640 tonnes), Turkey (13480 tonnes), Poland (8764 tonnes), Slovenia (8146 tonnes), France...
LME aluminium extends decline on Monday for the second day in a row; SHFE recovered from earlier losses
The US dollar rebounded slightly against a basket of other currencies on Monday, after touching a three-week low on Friday, as details of the partial trade deal between the US and China remained hazy and investors fretted about the ongoing twists and turns on Britain’s exit from the European Union....
Germany’s aluminium powder and flakes import from Austria to grow 14% in 2019 and from Russia to drop 37%
Germany’s aluminium powder and flakes import from Austria has been found incessantly rising since 2016, according to the global export-import data. But from Russia, the import has been found declining over the past two years. In 2016, Germany’s import from Austria was approximately at 2,811 tonnes,...
CRU analyst forecasts a surplus market for primary aluminium in Q4 2019 and 2020
According to a CRU analyst, Paul Williams, Head of Aluminium, aluminium market is moving into surplus as demand continues to weaken around the world. The LME 3-month price now stands at US$1744 per tonne after recent increase. Prices have been affected by bad industrial data and an inflow of stocks...
LME aluminium continued upward yesterday to close at US$1,744/t overnight; SHFE traded higher on the opening day
The US dollar strengthened against a basket of other currencies on Tuesday as investors monitored the latest news around US-China trade talks and digested comments from the top Federal Reserve official. LME base closed lower on Tuesday and aluminium fell 0.4%. The SHFE complex also traded mostly...
Three-month LME aluminium recovered from earlier losses on Monday to close at US$1,751/t; SHFE starts trading today
The US dollar inched higher against a basket of currencies on Monday, stemming the decline from a more than two-year high hit last week, as investors took a cautious approach ahead of the US Federal Reserve Meeting Minutes and trade talks between Washington and Beijing this week. LME base metals...
ISRI Commodities Roundtable Forum highlights oversupply in aluminium scrap and primary aluminium market
The oversupplied primary aluminium and aluminium scrap market was the topic of discussion among the speakers at the 2019 Commodities Roundtable Forum, hosted by the Institute of Scrap Recycling Industries (ISRI) on Sept. 11-13 in Chicago. Doug Hilderhoff, a principal analyst of London-based CRU...
Aluminium ‘mating season’ starts with lower price expectations; Rusal optimistic of winning back its customers
The most waited ‘mating season’ for aluminium industry starts as aluminium producers are starting the first round of autumn negotiations with the consumers around the world. Rusal, a leading aluminium producer has been looking forward to the season as this will be their first new negotiations after...
Both LME and SHFE aluminium traded in a tight range on Friday night; likely to trade higher today
The US dollar rose against a basket of currencies on Friday, prompted by hopes of progress in US-China trade talks and that the Federal Reserve would not lower rates aggressively. LME base metals closed mixed in Friday. LME aluminium fell 0.5% and SHFE aluminium inched up 0.2%. LME aluminium ended...
China’s secondary aluminium operating rate increased in August as downstream plants began restocking
Shanghai Metals Market found secondary aluminium producers continued to increase their operations in August as downstream plants in north China restocked in advance on worries about environmental curbs before the Nation Day on October 1. Data shows that the operating rates in August increased to...
LME plunged below its early September level yesterday; SHFE moves within 20-day moving averages
The US dollar fell on Tuesday ahead of an expected US interest rate cut from the Federal Reserve. LME base metals, except for aluminium, closed lower on Tuesday. SHFE aluminium rose 0.2%. After a weeklong upward movement, LME has started its downturn to a level below early September. Three-month...
Satish Pai sees 2019 as a tough year for metals market: Source says
According a recent report, Hindalco managing director Mr. Satish Pai said in an interview that he believed the ongoing year (2019) to be a tough year for metals and commodities, with the US and China showing no sign of easing trade tensions. He pointed out the US-China trade wars which were...
China and world alumina market in the first two weeks of September
The month of September marks the end of third quarter of the financial year for a number of companies. The month indicates how the market and industry is going to turn out in the next quarter. Let’s browse through how the alumina industry and the market fared in the first two weeks of September....
Three-month LME aluminium moves higher to reach the highest since July 26; SHFE trades range bound
The US dollar stayed in its recent tight range and the index, which tracks the greenback against a basket of other currencies, gained 0.04% to end at 98.37 yesterday. LME base metals closed mixed while SHFE settled mostly higher on Tuesday. LME aluminium gained 1.2% and SHFE aluminium grew 0.1%....
China’s primary aluminium production in August declines by 3.48% Y-o-Y and 1.96% M-o-M
According to Shanghai Metals Market, China’s primary aluminium production in August came in at 3.01 million tonnes after declining 3.48 per cent year-on-year and 1.96 per cent month-on-month. This year-on-year and month-on-drop in domestic production could be attributed to the accidents in some...
Three months LME aluminium continued recovering from lows and shot higher at US$1,793/t last night; SHFE closed higher
The US dollar held its earlier losses against a basket of currencies as payroll processor ADP said US private hiring came in stronger than expected in August, while it revised lower its job reading for July. Three-month LME aluminium closed higher for the third consecutive trading day as departing...
Aluminium consumption in Brazil expected to hit 1.5 million tonnes by Q1 2020: Abal
Aluminium consumption in Brazil is expected to match the record levels of 2013 by the end of 2019 or the beginning of 2020, backed on better sales in the aluminium packaging industry. According to the industry association Abal, apparent consumption will grow by some 7.5 per cent this year compared...
