Aluminum Stockpiles in Shanghai Surged to Highest in 5 Months
Bloomberg quoted the Shanghai Futures Exchange declared that aluminum stockpiles expanded for a 7th week to the highest level in 5 months. For full story, click here
Articles Tagged "stockpiles"
A Rosier Outlook for Japan’s Economy
Aluminum stockpiles have risen consistently this year amid the downturn in the auto sector; however recent evidence that the economy is improving combined with confidence in Chinese purchases have lifted aluminum demand.
Japan Aluminum Stockpiles have dipped by most in two years
Aluminum stockpiles in Japan plunged in May from a month earlier, dipping by the most in two years to the lowest level since July 2008, as domestic demand gained and traders sold surplus metal to China. For full story, click here
Tough times ahead for aluminum industry
Despite the recent recovery in LME aluminum prices; demand for the stainless steel component remains in the dumps. Without any idea of when demand may stage a comeback, aluminum miners are bracing for more tough times.
Arbitrage opportunity increases China’s aluminum imports
Aluminum’s fundamentals remain dire, despite the upswing in Chinese Imports. Imports in the country are rising due to an arbitrage opportunity as Shanghai Futures Exchange aluminum is selling at a premium of $400-$500 per tonne on the London Metal Exchange.
Japan’s Aluminum stockpiles rose 3.1%, highest since 1998
Aluminum stockpiles in Asia’s largest importer, Japan, surged 3.1 percent to the highest in more than 10 years in February as a worsening recession slashed demand for the metal used in cars, houses and electric machinery. For full story, click here
