Adv
LANGUAGES
English
Hindi
Spanish
French
German
Chinese_Simplified
Chinese_Traditional
Japanese
Russian
Arabic
Portuguese
Bengali
Italian
Dutch
Greek
Korean
Turkish
Vietnamese
Hebrew
Polish
Ukrainian
Indonesian
Thai
Swedish
Romanian
Hungarian
Czech
Finnish
Danish
Filipino
Malay
Swahili
Tamil
Telugu
Gujarati
Marathi
Kannada
Malayalam
Punjabi
Urdu
16 APRIL 2019 AL CIRCLE

A00 aluminium ingot price records two consecutive drops despite lowered inventories

EDITED BY : DEBANJALI SENGUPTA 2MINS READ

According to Shanghai Metals Market, social inventories of primary aluminium across eight major consumption areas in China, including SHFE warrants, dropped over the weekend ended on April 15, Monday, to come in at 1.622 million tonnes.

Compared to last Thursday, April 11, the fall of primary aluminium inventories on Monday was higher, as the stocks last week had plunged by some 5,000 tonnes while today by some 14,000 tonnes.

{alcircleadd}

In some cities, the inventories dropped while in others they recorded a hike or continued to remain the same. For instance, in Wuxi, Jiangsu, the inventories plunged from 586,000 tonnes on April 11, to 582,000 tonnes, but in Shanghai, the stocks rose from 290,000 tonnes to 292,000 tonnes.

The below chart indicates the status of the current primary aluminium inventories across China in more details:

Despite the plunge in social inventories of primary aluminium, the A00 aluminium ingot price has recorded two back-to-back downfalls. Yesterday, the price had dropped by RMB 10 per tonne from RMB 13,830 per tonne to RMB 13,820 per tonne, and this continues even today, on April 16, by another RMB 10 per tonne to stand at RMB 13,810 per tonne. The average prices are expected to range between RMB 13,790 per tonne and RMB 13,830 per tonne, with spot discount to settle at RMB 50 per tonne to RMB 10 per tonne.

Except in the south market, the A00 aluminium ingot price has plunged today in other major areas. In the south, the price has recorded a rise by RMB 10 per tonne to stand at RMB 13,840 per tonne, while in the east (Wuxi, Hangzhou) the ingot price has dropped by RMB 25 per tonne and RMB 15 per tonne to RMB 13,830 per tonne and RMB 13,845 per tonne, respectively. In the north, on the other hand, the ingot price has registered a fall by RMB 10 per tonne to clock at RMB 13,840 per tonne.

Tagged with:

Price Inventory China SMM

Adv
Adv
Adv
Adv
Adv
Adv
Adv
EDITED BY : DEBANJALI SENGUPTA 2MINS READ

Responses

Adv
Adv
Adv
Loading...
Adv
Adv
Adv
Loading...
Reports VIEW ALL
Loading...
Loading...
Business Leads VIEW ON AL BIZ
Loading...
Adv
Adv
Would you like to be
featured with us?
Loading...

AL Circle: Aluminium Ecosystem App

A proud
ASI member
© 2026 AL Circle. All rights reserved. AL Circle is not responsible for content from external sources.