With a tighter cash-to-three-month discount of $1.23 per ton, a notable change from last Friday’s discount of $45.94 aluminum prices spiked by 1.04% yesterday, closing at 237.3. The decrease in LME aluminium stockpiles, which fell to 513,850 tons the lowest level since December 2023 due to recent withdrawals from Taiwan, Malaysia, and South Korea, was…
The price of aluminium increased by 1.05% to settle at 226.45 as money flooded into commodities, especially metals, a hedge against mounting inflationary pressures. The rise in demand for aluminium aligned with China’s robust production numbers, suggesting a stable growth path for the metal. March saw a year-over-year increase in aluminium output of 4.19% to…
In yesterday’s trading session, aluminium prices saw a slight decrease of -0.2%, ultimately finishing at 223.3. This dip was ascribed to profit bookings after recent increases, which were especially reinforced by higher premiums in Japan. Stronger-than-expected economic statistics out of China also helped the market, allaying worries about declining demand from the largest consumer in…
Aluminium prices rose 0.36% Tuesday, finishing at 207.7, on concerns about the slow rebound in production in China’s Yunnan province. However, the upside was limited due to softer domestic monetary policy expectations and a stronger dollar. Investors remained cautious, anticipating signs of a resurgence in demand from China, the world’s largest metals buyer. Worries about…
The previous session saw an increase in aluminium prices of 0.17%, finishing at 204.3, as the market anticipated seasonally increased demand. Gains were, nevertheless, restrained by abundant supplies from China, the world’s largest aluminium manufacturer. Notwithstanding worries about China’s rising inventory levels, analysts speculate that the rise may be a seasonal occurrence ahead of the…
Aluminium saw a little decrease, finishing at 201.8, down -0.12%, as a result of the restart of production and power supplies at an Inner Mongolian aluminium smelter. Concerns about supply disruptions in China and abroad were allayed when Yunnan and other locations saw an improvement in power supply, which in turn led to stable production…
Yesterday, the price of aluminium dropped by -1.04% to settle at 199.6 due to a variety of factors affecting market sentiment. Some assistance was given by China’s attempts to calm its markets and lower its stock of metals, but advances were constrained by a strong dollar. According to the China Nonferrous Metals Industry Association (CNIA),…
Aluminium saw a -1.04% decrease yesterday, closing at 199.6, as worries over China’s economic growth continued. Uncertainty regarding the course of the Chinese economy’s growth was increased when the official PMI data showed that industrial activity had contracted for the fourth consecutive month. Investors were let down by the absence of any convincing signs of…
Due to a number of variables, including China’s substantial increase in unwrought aluminium imports in 2023, aluminium prices saw a decrease of -1.17% yesterday, ultimately finishing at 202.5. China’s yearly imports more than doubled to 1.54 million metric tones, the second-highest amount since the century’s beginning and just shy of the record set in 2021….
The price of aluminium fell by -0.64%, finishing at 195.1, indicating that demand was still muted in spite of earlier efforts to reduce supply. Key industries that used aluminium were negatively impacted by the global economic downturn, restrictive borrowing rates set by central banks, and the debt problem in Chinese real estate. The global downturns…
