AlCircle News Edited By "Staff Editor"
SMM alumina price surges by RMB 119/t M-o-M, while the A00 aluminium ingot price decreases by RMB 260/t today
As of 23rd September 2024, according to the Shanghai Metal Market (SMM), the week initiated with a surge in alumina price by RMB 20 per tonne to officially close at RMB 4,026 per tonne. This brings the average price higher from the same day the previous month by RMB 119 per tonne from RMB 3,907 per tonne. The average price has increased in almost all the regions, with the highest increase in the Shanxi region by RMB 30 per tonne to peg at RMB 4,060 per tonne. Also, in Shandong and Guangxi, the price has ascended by RMB 20 per tonne, averaging at RMB 4000 per tonne and RMB 4010 per tonne. In Henan and Guizhou regions, the average is up by RMB 10 per tonne, with an average of RMB 4,025 per tonne and RMB 4,005 per tonne, respectively. China’s A00 aluminium ingot market initiated the week...
SMM alumina price closes the week with a surge of RMB13/t; China’s A00 aluminium ingot price hikes by RMB130/t
According to the Shanghai Metal Market (SMM), alumina price has surged by RMB 13 per tonne, averaging at RMB 4,006 per tonne as of 20th September. This brings the price higher by RMB 99 per tonne in one month from RMB 3,907 per tonne. The price has increased in almost all the key regions. Like in Guanxi, the average price reached RMB 3,990 per tonne, up by RMB 25 per tonne from the previous day. Shandong and Guizhou regions experienced price hikes of RMB 20 per tonne to officially close at RMB 3,980 per tonne and RMB 3,995 per tonne, respectively. Also, in Henan and Shanxi, the price has improved slightly by RMB 5 per tonne and RMB 15 per tonne. This brings the average price to RMB 4,015 per tonne in Henan and RMB 4,030 per tonne in Shanxi. Meanwhile, the aluminium ingot price on the...
SMM alumina price skyrockets by RMB18/t; A00 aluminium ingot price sees uptick by RMB 40/t
According to the Shanghai Metals Market (SMM), the average alumina spot price has skyrocketed by RMB 18 per tonne to clock at RMB 3,993 per tonne. This significant growth in China’s domestic alumina price highlights the growing demand for alumina to support the increased production of primary aluminium. All major regions like Shandong, Henan, and Guizhou have experienced price hike. In Henan and Guizhou regions, the average price stands at RMB 4,010 per tonne and RMB 3,975 per tonne, both ascending by RMB 25 per tonne. Also, the price has soared by RMB 10 per tonne in Shandong and Guanxi regions, averaging at RMB 3,960 per tonne and RMB 3,965 per tonne, respectively. Likewise, the average A00 aluminium ingot price has experienced a slight increase from the previous day. On September 19,...
SMM alumina price continues upward trend for the fifth consecutive day, marking a growth of RMB7/t today
According to the Shanghai Metal Market (SMM), alumina prices have again surged for the 5thday at a stretch. Today, as of 18th September, the price has ascended by RMB 7 per tonne, reaching RMB 3,975 per tonne. The increase in key regions like Henan, Shanxi and Guizhou is even higher, with prices up by RMB 10 per tonne in Henan and RMB 15 per tonne in both Shanxi and Guizhou. This brings the average price to RMB 3985 per tonne in Henan, RMB 4015 per tonne in Shanxi and RMB 3950 per tonne in Guizhou. The average prices remain unchanged in regions like Shandong and Guangxi, with an average of RMB 3,950 per tonne and RMB 3,955 per tonne, respectively. Meanwhile, as of 18th September, the aluminium ingot price on the Shanghai Metal Market (SMM) soared by RMB 30 per tonne to balance out the...
China’s A00 Aluminium ingot price remains stable at RMB 19,340/t; Alumina price hikes by RMB 1/t
According to the Shanghai Metal Market, alumina prices have again surged by RMB 1 per tonne, reaching RMB 3,943 per tonne. The increase is even higher in the Shandong region, with prices up by RMB 5 per tonne. This brings the average price to RMB 3935 per tonne, fluctuating between RMB 3900 per tonne to RMB 3970 per tonne. Meanwhile, as of 11th September, the aluminium ingot price on the Shanghai Metal Market (SMM) remains unchanged for the first time this month. This marks a notable pause after several days of fluctuations in the market. The current average price is RMB 19,340 per tonne, from RMB 19,320 per tonne to RMB 19,360 per tonne. The spot contract is expected to trade at a discount of RMB 10 per tonne to a premium price of RMB 30 per tonne, averaging at RMB 10 per tonne. The...
China’s domestic alumina price reaches a new high in two years; A00 aluminium ingot price gains RMB180/t
According to the Shanghai Metals Market (SMM), China’s average alumina price has again gained RMB 4 per tonne after the three consecutive days of restraint. With the latest rise, the price has reached a new high in two years at RMB 3,942 per tonne, marking a week-on-week increase of RMB 10 per tonne and a month-on-month rise of about RMB 38 per tonne. In key regions like Henan and Shanxi, the increase is even higher, with prices up by RMB 10 per tonne to RMB 3,935 per tonne in Henan and RMB 3,960 per tonne, respectively. This rise follows a significant period of price stability and has implications for the overall aluminium market. The prices have remained unchanged in other regions like Guizhou and Guangxi, averaging at RMB 3,935 per tonne and RMB 3,955 per tonne, respectively. A00...
China's A00 Aluminium ingot market initiated the week with a decline of RMB 50/t with stable raw material prices
According to the Shanghai Metal Market survey (SMM), as of 9th August 2024, the week initiated a reduction in China’s A00 aluminium ingot price by RMB 50 per tonne. Today, the average aluminium price settled at RMB 19,160 per tonne, with the spot contract price likely to be traded at a discount price of RMB 20 per tonne to a premium price of RMB 20 per tonne. The average price of A00 aluminium ingot is hovering between RMB 19,140 per tonne to RMB 19,180 per tonne. The price of low-carbon aluminium has also dwindled by 53 per tonne, now standing at RMB 20,029 per tonne. High-purity aluminium (99.99%) and (99.996%) have also seen a downfall in price by RMB 100 per tonne, sticking at RMB 26,200 per tonne and RMB 27,200 per tonne, respectively. Region-wise analysis: The average price of...
China's A00 Aluminium ingot market remains fairly up M-O-M by RMB 460/t, with a decrease of RMB 90/t today
On September 6, 2024, the A00 aluminium ingot price in China, as reported by the Shanghai Metal Market (SMM), ended the week with a dwindle in price by RMB 90 per tonne, following a slight decrease the day before. The price settled at RMB 19,210 per tonne, increasing the month-on-month price by RMB 460 per tonne from RMB 18,750 per tonne. The average price of A00 aluminium ingot is hovering between RMB 19,190 per tonne to RMB 19,230 per tonne, while the spot contract is likely to be traded at a discount price of RMB 40 per tonne to RMB 0 per tonne with an average of RMB 20 per tonne. Additionally, the price of low-carbon aluminium has settled at RMB 20,082 per tonne, degraded by 86 per tonne. High-purity aluminium (99.99%) and (99.996%) have also slipped by RMB 100 per tonne to peg at RMB...
China’s A00 aluminium ingot price declines by RMB 30/t amid stable raw material prices
China’s A00 aluminium ingot price has continued to decline on Thursday, September 5, albeit at a slower rate. According to the Shanghai Metals Market survey, the price dwindled by RMB 30 per tonne, reaching at RMB 19,300 per tonne. The average prices are estimated to range between RMB 19,280 per tonne and RMB 19,320 per tonne, with a spot contract to be traded at a discount price of RMB 50 per tonne to RMB 10 per tonne.On a week-on-week basis, the price is currently down by RMB 250 per tonne from RMB 19,550 per tonne, found SMM. Additionally, China’s average domestic low-carbon aluminium price has decreased by RMB 10 per tonne to peg at RMB 20,168 per tonne. The prices for high-purity aluminium (99.99% and 99.996%) have seen no change from the previous day, reaching RMB 26,400 per tonne...
China’s A00 aluminium ingot price experiences downward trend by RMB 170/t today but surges by RMB 460/t M-o-M
As of 2nd September, the Shanghai Metal Market (SMM) China’s A00 aluminium ingot price initiated the month with an average price of RMB 19,460 per tonne, dropped by RMB 170 per tonne from the previous day. The average price is likely to fluctuate between RMB 19,440 per tonne to RMB 19,480 per tonne. Although the average price saw a significant incline by RMB 460 per tonne from RMB 19,000 per tonne in the previous month, this month started on a gloomy note. The spot contract is likely to be traded at a discount price of RMB 100 per tonne to RMB 60 per tonne, with an average of RMB 80 per tonne. Low carbon aluminium price has diminished by RMB 144 per tonne to officiate at RMB 20,310 per tonne. High-purity aluminium (99.99%) and (99.996%) are also down by RMB 100 per tonne to stand at RMB...
China's A00 aluminium ingot market experienced incline in price by RMB 80/t today, with the bauxite price rising by US$ 0.01/t
According to the Shanghai Metal Market survey (SMM), as of 30th August, China’s A00 aluminium ingot price has surged by RMB 80 per tonne after a huge downfall the previous day by RMB 250 per tonne. Today, the average aluminium price closed at RMB 19,630 per tonne. The week ends on a more or less stable note as the entire week saw a positive market trend. The average price of A00 aluminium ingot is hovering between RMB 19,610 per tonne to RMB 19,650 per tonne, while the spot contract is likely to be traded at a discount price of RMB 100 per tonne to RMB 60 per tonne with an average of RMB 80 per tonne. The price of low-carbon aluminium has also been improved by 78 per tonne, now standing at RMB 20,454 per tonne. High-purity aluminium (99.99%) and (99.996%) have seen no change from the...
China’s A00 Aluminium ingot price sees uptick today but remains down by RMB 1,230/t compared to three months ago
According to the Shanghai Metals Market (SMM), the price of A00 aluminium ingots has experienced a slight increase after stabilising the previous day. On August 28th, the price has grown by RMB 60 per tonne, reaching RMB 19,800 per tonne. However, the price remains on a downtrend when compared to the same day three months ago, showing a decline of RMB 1,230 per tonne from RMB 21,030 per tonne on May 28th. The average prices are estimated to range between RMB 19,780 per tonne and RMB 19,820 per tonne, with spot contract to be traded at a discount price of RMB 120 per tonne to RMB 80 per tonne with an average of RMB 100 per tonne. China’s domestic low-carbon aluminium price has surged by RMB 80 per tonne to peg at RMB 20,670 per tonne. The prices for high-purity aluminium (99.99% and...
China’s A00 aluminium ingot price holds steady at RMB 19,740/t, amid recent alumina price hike by RMB 9/t
According to the Shanghai Metal Market, after several days of no movement, alumina prices have finally surged by RMB 9 per tonne, reaching RMB 3,916 per tonne. In key regions like Henan, Shanxi, Guizhou, and Guangxi, the increase is even higher, with prices up by RMB 10 per tonne. This rise follows a significant period of price stability and has implications for the overall aluminium market. Meanwhile, as of 27th August, the aluminium ingot price on the Shanghai Metal Market (SMM) remains unchanged for the second time this month. This marks a notable pause after eight consecutive days of price increases. The current average price is RMB 19,740 per tonne, within a range of RMB 19,720 to RMB 19,760 per tonne. The spot contract is expected to trade at a discount of RMB 120 to RMB 80 per...
China's A00 aluminium ingot prices experience M-O-M surge by RMB 410/t, balancing the market condition
On 23rd August, according to the Shanghai Metal Market (SMM), China’s A00 aluminium ingot market seemed stable compared to the previous few days. Today, the average aluminium ingot price has experienced a very slight increase by RMB 10 per tonne after a huge surge in price for the entire week, settling at RMB 19,700 per tonne. The week ends on a more or less stable note. Analysing the month-on-month price variation, the average price has ascended by RMB 410 per tonne from RMB 19,290 per tonne on the same day the previous month. The average price of A00 aluminium ingot is hovering between RMB 19,680 per tonne to RMB 19,720 per tonne, while the spot contract is likely to be traded at a discount price of RMB 100 per tonne to RMB 60 per tonne with an average of RMB 80 per tonne, no change...
China’s A00 aluminium ingot price shows a W-o-W surge of RMB 680/t, raw materials prices remain stable
The SMM aluminium market has witnessed an increase in prices today, with the A00 aluminium ingot price soaring by RMB 100 per tonne to rest at RMB 19,690 per tonne, with the average prices ranging between RMB 19,670 per tonne and RMB 19,710 per tonne. This week seems optimistic in comparison with last week. The average price has increased by RMB 680 per tonne in just one week from RMB 19,010 per tonne. If we analyse the aluminium price on Aug 19, this Monday, we can see a growth of RMB 230 per tonne from RMB 19,460 per tonne recorded that day. The price of low-carbon aluminium has surged by RMB 71 per tonne to peg at RMB 20,511 per tonne. Again, High purity aluminium (99.99%) price and high-purity aluminium (99.996%) prices in China have both swollen by RMB 100 per tonne to park at RMB...
China’s A00 aluminium ingot price hits a 5-week high on SMM owing to tight raw material supply
According to the Shanghai Metals Market (SMM) survey, as of August 21, 2024, China's domestic A00 aluminium ingot price has continued to increase by RMB 100 per tonne to officially close at RMB 19,590 per tonne . China's domestic A00 aluminium ingot price has risen for the fifth consecutive day in tandem with the increased price of the ore owing to tight supply and heightened demand. Today, the average prices of A00 aluminium ingot are expected to range between RMB 19570 per tonne and RMB 19,610 per tonne, with spot contract to be traded at a discount price of RMB 100-60 per tonne. China's low-carbon aluminium price has increased by RMB 85 per tonne to close at RMB 20,440 per tonne, marking a week-on-week increase of 3.09 per cent from RMB 19,827 per tonne. The price of high-purity...
China's A00 Aluminium ingot market remains fairly stable M-O-M, with an increase of RMB 30/t today
On August 20th, 2024, the A00 aluminium ingot price in China, as reported by the Shanghai Metal Market (SMM), increased by RMB 30 per tonne, following a significant increase the day before. The price settled at RMB 19,490 per tonne, bringing the month-on-month price to the same level of RMB 19,490 per tonne. The average price of A00 aluminium ingot is hovering between RMB 19,470 per tonne to RMB 19,510 per tonne, while the spot contract is likely to be traded at a discount price of RMB 100 per tonne to RMB 60 per tonne with an average of RMB 80 per tonne. The price of low-carbon aluminium has also been improved by RMB 26 per tonne, now standing at RMB 20,355 per tonne. High-purity aluminium (99.99%) and (99.996%) have seen no change from the previous day. Region-wise analysis: Aluminium...
China’s A00 aluminium ingot price registers a W-o-W hike of RMB470/t on improved downstream operations
According to Shanghai Metal Market (SMM) survey, China’s A00 aluminium ingot market has initiated the week with a price surge of RMB 230 per tonne to register at RMB 19,460 per tonne. On a week-on-week basis, the price has escalated by RMB470 per tonne, while that on a month-on-month calculation stands slightly lower by RMB 30 per tonne. The average prices are estimated to range between RMB 19,440 per tonne to RMB 19,480 per tonne, with the spot contract to be traded at a discount price of RMB 100 per tonne to RMB 60 per tonne. China’s domestic price of low-carbon aluminium has significantly increased by RMB 233 per tonne to stand at RMB 20,329 per tonne, marking a month-on-month hike of RMB 69 per tonne from RMB 20,260 per tonne. High purity aluminium (99.99%) price has skyrocketed by...
