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Inventory

China port bauxite stocks reach 32.4 million tonnes despite higher prices
Bauxite
China’s bauxite inventories continued to increase last week despite higher prices and ongoing concerns over supply from Guinea. Stocks held at Chinese ports reached 32.4 million tonnes, up 24 per cent year-on-year and the highest level recorded since 2022. However, inventories remain around 20 per cent below the five-year peak of 39 million tonnes. At the same time, the price of Guinea’s 45 per cent grade bauxite rose by USD 1 per tonne week-on-week to USD 69.5 per tonne CFR China. Despite th ...
LME aluminium price recovers to $3,405.5/t as the inventory continues to decline
Primary AL
The London Metal Exchange (LME) aluminium price graph recovered at the close of the June 17 session. The upswing in cash and near-term contracts improved in parallel as the withdrawals from stocks led to a continued decline in the aluminium inventory. The LME aluminium cash bid as well as offer prices reported an improvement of 1.38 per cent day-on-day on June 17 from June 16. As the bid rose to USD 3,405 per tonne from USD 3,358.5 per tonne, the offer price climbed to USD 3,405.5 per tonne f ...

Primary AL
London Metal Exchange (LME) aluminium prices continued to dip on June 4 after the figures eased on the June 3 from USD 3,800 per tonne on the previous close. The session recorded a decline in the aluminium prices, contracts as wells as stocks. The LME aluminium cash bid price eased 1.54 per cent day-on-day, down from USD 3,796.5 per tonne on June 3 to USD 3,738 per tonne on June 4. Representing a difference of 1.53 per cent, the offer shifted from USD 3,797 per tonne to USD 3,739 per tonne. ...
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