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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Alumina price continues downward trend; A00 aluminium prices increase in major markets
As on Tuesday, 16 July 2019, the average spot alumina price stands at RMB 2547 per tonne, down by RMB 35 per tonne from its previous price of RMB 2582 per tonne on July 15. Average alumina price in East China is hovering around RMB 2650 per tonne, down RMB 30 per tonne from its previous price....
France’s aluminium bar rods and profiles import from Spain estimated to grow 6% YoY in 2019
Aluminium bar rods and profiles market has been fairing high across the globe over the past few years, thankfully due to massive infrastructural advancements and refurbishment. By 2020 global aluminium extrusions market for the building and construction sector are likely to account for almost 74...
Turkey’s aluminium wire import to extend decline in 2019 by 6%, while import cost to stay flat
The global export-import data estimates that aluminium wire import by Turkey will record a marginal drop this year from 23,387 tonnes in 2018 to 22,012 tonnes, down 6 per cent. The data shows that the country’s aluminium wire import had even dropped last year from 38,905 tonnes in 2017 to 23,387...
North China to continue witnessing slow trades of aluminium ingots in the medium term: SMM
Shanghai Metals Market believes aluminium ingots trades are likely to continue at a slow pace across the northern Chinese markets in the medium term. The current adequate supplies of aluminium ingots, the prospect of poorer downstream consumption in a slow season of July-August, and new aluminium...
Both LME aluminium and the most-traded SHFE August contract recovered losses yesterday; likely to trade higher today
The dollar continued to edge lower from recent highs and the euro was stuck near two-week lows on Thursday. The US dollar index slid 0.05% to end at 96.735. Base metals ended mostly higher. LME aluminium climbed 1.15% and SHFE aluminium advanced 1.13%. Thursday saw some bullish trading of LME...
Chinese economy reaches low growth phase; analysts see an oversupplied aluminium market on slow demand
According to a report from Platts; the low growth period in China’s economy has already arrived in 2019 despite stimulus measures and supply side reforms. The market outlook is bearish and China's downstream aluminium sector has already entered its off season due to poor economic data. The boom has...
Altech shares takeaways from CRU's latest report on high purity alumina (HPA) market
Altech Chemicals Limited has shared a few takeaways from the high purity alumina (HPA) market outlook report by CRU Consulting (CRU) that they received recently. The unconstrained demand forecast for 4N+ (99.99% or greater) HPA is significantly stronger than CRU’s earlier forecast in 2018. The...
Semi-finished aluminium demand in the US and Canada up 2.6 per cent through April 2019
According to the preliminary estimates of Aluminum Association, aluminium demand in the United States and Canada, including shipments by domestic producers plus imports, stood at an estimated 4.3 million tonnes through April of 2019, a slight increase from YTD 2018. Through the first four months of...
China’s new-vehicle market to remain sluggish in H2 2019 for new State 6 emissions standards
At the Shanghai auto show in April, most of the auto company executives had projected that China’s new-vehicle market would rebound in the second half of 2019. But their prediction seems to be not turning true with Beijing’s resolve to enforce stricter emissions rules and a reluctance to cut taxes...
LME aluminium surged higher yesterday on falling greenback; likely to face resistance at US$1,800 per tonne level
The US dollar index extended its sharp decline on Thursday. LME base metals closed higher across the board on Thursday and aluminium gained 0.2%. However, SHFE base metals traded lower and aluminium declined 0.4%. LME aluminium surged higher with the decline of greenback and closed yesterday’s...
Both LME and SHFE aluminium fell below moving average on Friday night; likely to trade lower today
The dollar index surged on Friday as encouraging US retail sales data for May eased fears of a slowing economy. With weak manufacturing and investment data from China, LME base metals closed lower on Friday, with the biggest loss of 1.6% in aluminium. SHFE base metals also traded lower and...
Improved market sentiment pulled up three months LME aluminium from the previous day; SHFE to trade rangebound
The US dollar index rose on Wednesday, even as government data showed moderate US inflation in May. Most LME base metals closed lower on Wednesday but aluminium advanced 0.5%. SHFE base metals performed similarly overnight and aluminium inched up. Improved market sentiment bolstered three-month LME...
Belgium’s aluminium cans import to extend downfall by 6.35% on year in 2019
Proficient in preserving the quality and flavour of the contents, aluminium cans have an unparalleled safety record and currently represent one of the most widely used containers for packaging purposes. These cans are non-toxic in nature, can be reprocessed and require less care during handling and...
China's domestic alumina prices on downtrend despite production halt by Xinfa’s Jiaokou refinery
According to Fastmarkets reports, the China’s alumina supply has not been affected by the full production cut at Xinfa Group’s Jiaokou alumina refinery. The market has not showed any sign of tightness till now. As shown by Shanghai Metals Market’s data, China’s alumina price has been continuing its...
Rising US dollar put pressure on LME aluminium overnight after a gain during day's trading; to trade rangebound today
The US dollar recovered from earlier losses on Wednesday as stronger-than-expected US services sector growth countered weak jobs data. LME base metals closed lower and aluminium dropped over 1%. SHFE aluminium declined close to 0.3%. The LME cash contract closed Wednesday’s trading higher at US$...
Both LME and SHFE traded downward last week on higher greenback and slow consumption; trend likely to continue next week
The US dollar recovered some ground on Monday May 27 and continued to hover at a higher range over the week amidst US-China trade tension. LME aluminium registered a declining trend throughout the week. After a holiday on Monday May 27, the LME aluminium cash contract started the week with US$ 1773...
Passenger vehicles sales in China estimated to continue declining in June and July 2019
According to Shanghai Metals Market, China Passenger Car Association (CPCA) has shared its estimation today, May 31, that passenger vehicles sales will continue to trend downwards in the next two months. While in June, the sales volume is estimated to come in at 1.59 million units, in July at 1.56...
Aluminium demand in the U.S. slightly up in Q1 2019; apparent consumption up 1.3% YoY
According to the preliminary estimates from Aluminum Association, aluminium demand in the United States and Canada, including shipments by domestic producers plus imports stood at an estimated 3.25 million tonnes from January to March 2019, slightly up from the same period of 2018. Demand for...
