AlCircle News Edited By "Staff Editor"
China’s A00 aluminium price surges by RMB 220/t today amidst the ongoing M-o-M downtrend
The latest data from the Shanghai Metal Market (SMM) shows a mixed performance in the aluminium market, with the price of A00 aluminium ingot seeing a significant increase today. As of August 16, the price of A00 aluminium ingot has skyrocketed by RMB 220 per tonne, or 1.15 per cent, from the previous day, reaching RMB 19,230 per tonne. This marks a recovery after two consecutive days of decline. Today's average prices are expected to range between RMB 19,210 and RMB 19,250 per tonne. The spot contracts are likely to be traded at a discount price of RMB 90 per tonne to RMB 30 per tonne, with an average discount of RMB 70 per tonne. This price increase contributes to a week-over-week gain of RMB 220 per tonne, rising from RMB 19,010 per tonne and closing the week on a positive note....
China's A00 Aluminium ingot price marks M-O-M decline of RMB 1090/t amid steady raw material costs
According to the Shanghai Metal Market (SMM) survey, China's A00 aluminium ingot price has experienced a slight decrease of RMB 40 per tonne on Wednesday, August 14, following a restraint on the previous day, settling at RMB 18,950 per tonne. This has resulted in a sharp month-on-month fall of RMB 1,090 per tonne from RMB 20,040 per tonne. The average prices are expected to range between RMB 18,930-18,970 per tonne, with a spot contract to be traded at a discount price of RMB 30 per tonne and a premium price of RMB 10 per tonne. SMM predicts the domestic price of A00 aluminium ingot will stay sluggish due to a surge in production. Additionally, tariffs on China's aluminium are reducing global consumption, preventing any significant price increases. Region-wise analysis The price of A00...
No movement in China’s A00 aluminium ingot price, but aluminium alloy prices move up by RMB100/t
For the first time in five months, as of 13 th August, A00 aluminum ingot price on the Shanghai Metals Market (SMM) has remained entirely unchanged, marking a significant pause in the usual daily movements. The last time this stabilisation occurred was on March 19, 2024. The current average price stands at RMB 18,990 per tonne, with average prices ranging between RMB 18,970 per tonne and RMB 19,010 per tonne. The spot contract is expected to trade at a discount of RMB 50 per tonne to RMB 10 per tonne, averaging at RMB 10 per tonne. Region-wise analysis The average price of A00 aluminium ingot price has also remained restrained in Gongyi but elevated across some other regions like Shenyang and Foshan, where the price has increased by RMB 50 per tonne and RMB 10 per tonne to clock at RMB...
China’s A00 aluminium ingot price decreases by RMB20/t, reflecting the fluctuating market trend
According to the Shanghai Metal Market (SMM) survey, China’s A00 aluminium ingot price on August 12 has decreased by RMB 20 per tonne from the previous day, settling at RMB 18,990 per tonne. This price shift marks a slight decline from the previous trading session, highlighting a fluctuating price trend in the aluminium market. On the last day, the price jumped up by RMB 230 per tonne, but again, the week started with a downfall in price. The price is up by RMB 160 per tonne from RMB 18,830 per tonne last week. As of today, the average price may range between RMB 18,970 per tonne and RMB 19,010 per tonne, whereas the spot contract is likely to be traded at a discount price of RMB 60 per tonne to RMB 20 per tonne with an average of RMB 40 per tonne. Region-wise analysis: Prices have...
SMM aluminium ingot price marks a W-o-W fall of RMB390/t with a decline of RMB90/t on Aug 8
According to Shanghai Metals Market (SMM) survey, as of August 8, the SMM A00 aluminium ingot price has descended by RMB 90 per tonne to officially close at RMB 18,780 per tonne, with the average prices ranging between RMB 18,760 per tonne and RMB 18,800 per tonne. The spot contract is likely to be traded at a discount price of RMB 70-30 per tonne, with an average of RMB 50 per tonne. On a week-on-week calculation, the ingot price has edged a fall of RMB 390 per tonne from RMB 19,170 per tonne, while that on a monthly basis has nosedived by RMB 1,450 per tonne from RMB 20,230 per tonne. China’s domestic low carbon aluminium price has decreased by RMB 71 per tonne to close at RMB 19,694 per tonne. The price of high-purity aluminium (99.99%) has also contracted by RMB 100 per tonne to close...
China’s A00 aluminium price gains RMB120/t but fails to offset W-o-W decline; Aluminium fluoride price shrinks by RMB200/t
The latest Shanghai Metal Market (SMM) data reveals a mixed scenario in the aluminium market with today’s prices for A00 aluminium ingot. According to the survey, A00 aluminium ingot price has grown after two consecutive days of downfall to stand at RMB 18,870 per tonne, reflecting an increase of RMB 120 per tonne or 0.64 per cent from the previous trading day. The average prices are estimated to range between RMB 18,850 per tonne to RMB 18,890 per tonne, with spot contract to be traded at a discount price of RMB 70-30 per tonn. However, a broader analysis over the past month and even weekly trend indicates a continuing downward track in prices. One of the primary reasons for the decline in aluminium prices is the low demand amid increased production. Additionally, China's domestic...
China’s A00 aluminium ingot price declines minorly by RMB 80/t; Australian alumina FOB price gains US$5/t
According to the Shanghai Metals Market (SMM) survey, the A00 aluminium ingot price has declined very minorly after two consecutive days of huge downfall to balance a week-on-week downtrend by RMB 150 per tonne from RMB 18,900 per tonne. The price today, 9th August, has dwindled by RMB 80 per tonne, reaching RMB 18,750 per tonne. The average prices are estimated to range between RMB 18,730 per tonne and RMB 18,770 per tonne, with spot contract to be traded at a discount price of RMB 70 to RMB 30 per tonne with an average of RMB 50 per tonne. Region-wise analysis: Among the major Chinese provinces, Wuxi, Hangzhou, Chongqing, Tianjin, and Linyi have experienced a decline in aluminium ingot prices by RMB 80 per tonne. The prices have settled at RMB 18,750 per tonne in Wuxi and Chongqing, RMB...
Volatility in China’s A00 aluminium market initiated the week with a dip in price by RMB170/t
As of 5th August, the Shanghai Metal Market (SMM) China’s A00 aluminium ingot price initiated the week with an average price of RMB 18,830 per tonne, down by RMB 170 per tonne from the previous day. The average price is likely to fluctuate between RMB 18,810 per tonne and RMB 18,850 per tonne. The spot contract may be traded at a discount price of RMB 70 per tonne to RMB 30 per tonne, with an average of RMB 50 per tonne. Low-carbon aluminium has also shrunk by RMB 171 per tonne, with an average price of RMB 19,687 per tonne. The average price of high-purity aluminium (99.99%) and (99.996%) has declined by RMB 150 per tonne to reach RMB 26,100 per tonne and RMB 27,100 per tonne, ranging between RMB 25,700 per tonne and RMB 26,500 per tonne and RMB 26,700 per tonne to RMB 27,500 per tonne....
China’s A00 aluminium ingot price falls by RMB 170/t with stable bauxite & alumina prices
On Friday August 2, the market for aluminium ingot alloy showcased a notable trend. The market for aluminium ingot experienced a major adjustment across various regions of China. According to the Shanghai Metal Market (SMM), the price of A00 aluminium ingot closed at RMB 19,000 per tonne, reflecting a dip of RMB 170 per tonne following a RMB 200 per tonne increase the day before. This decline is attributed to weaker market sentiment and increased inventories. The average A00 aluminium ingot price at the starting of the week was around RMB 19,200 per tonne which showed a downward trend in the end of the week by RMB 200 per tonne. The average price of low-carbon aluminium has decreased by RMB 170 per tonne, bringing it to RMB 19,858 per tonne. Similarly, the prices of high-purity aluminium...
SMM A00 aluminium ingot price surges by RMB200/t amid China’s market support pledge
As of 1st August, the Shanghai Metal Market (SMM) China’s A00 aluminium ingot price initiated the month with an average price of RMB 19,170 per tonne. Compared to the previous day, the price has skyrocketed by RMB 200 per tonne after China’s leaders pledged increased support measures to stabilise market confidence during a Politburo meeting. This pledge came despite data showing slight contractions in manufacturing activity and slowed growth in the services sector for July. The average price hovers between RMB 19,150 per tonne to RMB 19,190 per tonne. Although the price significantly declined by RMB 940 per tonne from RMB 20,110 per tonne in the previous month, this month has started on a positive note. The spot contract is likely to be traded at a discount price of RMB 80 per tonne to...
China’s A00 aluminium ingot price gains RMB70/t, representing a positive market sentiment by month-end
According to the Shanghai Metal Market (SMM), the price of A00 aluminium ingot has witnessed a modest increase after three consecutive dips. China’s A00 aluminium ingot price on July 31st, 2024, registered at RMB 18,970 per tonne, surged by RMB 70 per tonne from the previous trading day, indicating a positive market sentiment. The month started with a price of RMB 20,110 per tonne, which plummeted by RMB 1,140 per tonne by the end of the month. The average price of A00 aluminium ingot is expected to hover between RMB 18,950 per tonne and RMB 18,990 per tonne, with the spot contract price expected to be traded at a discount price of RMB 70 to RMB 30 per tonne. The price of low-carbon aluminium has increased by RMB 66 per tonne, reaching an average of RMB 19,799 per tonne. Region-wise price...
China’s A00 aluminium ingot price stands below RMB19000/t in over four months
According to the Shanghai Metal Market (SMM) survey, China’s A00 aluminium ingot price has witnessed a sharp fall of RMB 260 per tonne from the previous trading day to stand at RMB 18,900 per tonne. After more than four months, the price has pegged below the RMB 19,000 per tonne level. The average prices are expected to range between RMB 18,880 per tonne and RMB 18,920 per tonne, with spot contract to be traded at a discount price of RMB 70-30 per tonne. With the latest fall, China’s domestic A00 aluminium ingot price has recorded a decline of RMB 390 per tonne W-o-W from RMB 19,290 per tonne and edged a nosedive of RMB 1,210 per tonne compared to the price on July 1. The ongoing surplus market due to subdued demand and increased production has led to this tragic price fall. Region-wise...
China’s A00 aluminium ingot price declines by RMB270/t W-o-W, reflecting the continuing downward trend
According to Shanghai Metal Market (SMM) survey China’s A00 aluminium ingot price on July 29, has decreased by RMB 40 per tonne or 0.21 per cent from the previous day, settling at RMB 19,160 per tonne. This price shift marks a slight decline from the previous trading session, highlighting a continuing downward trend in the aluminium market. The week has started with a very minor downfall in the price. Compared with the previous week, the price is down by RMB 270 per tonne from RMB 19,430 per tonne. The average price as of today may range between RMB 19,140 per tonne to 19,180 per tonne whereas the spot contract price is expected to be traded at a discount price of RMB 60 to RMB 20 per tonne. Region-wise analysis: The prices have shown a uniform decrease in all the regions, with both...
China’s aluminium market continues facing bearish sentiment, with A00 aluminium ingot price losing RMB1190/t in a month
According to Shanghai Metal Market (SMM) survey, China’s A00 aluminium ingot price has descended by RMB 190 per tonne to clock at RMB 19,010 per tonne on July 25, continuing the bearish trend observed over the past weeks. This reduction brings the price to a level substantially lower than earlier in the month by RMB 1,190 per tonne from RMB 20,200 per tonne. The average price may range between RMB 18,990 per tonne and RMB 19,030 per tonne, with spot contract to be traded at a discount price of RMB 50 per tonne. However, if compared with the same period of the previous year, China’s domestic A00 aluminium ingot price has edged a surge of RMB 670 per tonne from RMB 18,340 per tonne. Region-wise analysis The price has declined across all regions by a large amount in Gongyi and Foshan by...
SMM: China’s A00 aluminium ingot price slumps by 190/t overnight due to market surplus
According to the Shanghai Metal Market (SMM) survey, China’s A00 aluminium ingot price has shed off RMB 190 per tonne from the previous day to reach the three-month low. As per the data, the domestic price has come in at RMB 19,570 per tonne, which is significantly down by RMB 570 per tonne week-on-week, attributed to the ongoing traditional off-season in the manufacturing sector, leading to weaker demand from downstream industries. In this backdrop, the increase in aluminium production, resulting in oversupply in the market, is adding up a cause for receded prices. The average prices are expected to range between RMB 19,55 0-1 9,590 per tonne, with the spot contract estimated to be traded at a discount price of RMB 70-30 per tonne. Region-wise price analysis The domestic price of...
Low demand and import tariffs result in a chronic M-o-M loss of China's A00 Aluminium ingot price
On July 17, 2024, A00 aluminium ingot price in China has experienced a minor decrease of RMB 30 per tonne after a huge downfall on the previous day of RMB 260 per tonne. With the latest fall, the domestic aluminium ingot price has shrunk below RMB 20,000 per tonne, settling at RMB 19,760 per tonne, according to the Shanghai Metals Market survey. This results in the sharp month-on-month decline of RMB 620 per tonne from RMB 20,380 per tonne. Today, the average prices are estimated to hover around RMB 19,740-19,780 per tonne, with the spot contract likely to be executed at a discount price ranging from RMB 60-20 per tonne. SMM predicts the price of A00 aluminium ingot will stay low due to a surge in domestic production, which is expected to exceed current demand until it catches up....
Sustainable solutions: Technologies decarbonising aluminium production
Aluminium stands as an indispensable pillar in our modern world, driving the pulse of our global economy with its unparalleled versatility and sustainability. From powering aeroplanes to speeding up cars, its unique properties propel industries forward and shape the products we rely on daily, from beverage cans to smartphones. In the dynamic realm of aluminium production, the quest for sustainability is gaining momentum amidst significant challenges. The traditional Hall-Héroult cell technology, vital yet beset by external electricity supply issues, is at a crossroads. Rising demand, set to surge nearly 40% by 2030, underscores the urgent need for greener production methods. Innovation, however, remains constrained by the durability and affordability of essential materials, crucial for...
China’s aluminium ingot price declines by RMB110/t without affecting positive W-o-W movement
As of July 5, China’s domestic A00 aluminium ingot price concluded the week at RMB 20,270 per tonne, with average prices hovering around RMB 20,250 to 20,290 per tonne, found the Shanghai Metals Market survey. Compared to the previous day, the price descended by RMB 110 per tonne but still stood 0.60 per cent higher week-on-week. Throughout the week until July 4, the ingot price subsequently shot up by RMB 270 per tonne, starting at RMB 20,110 per tonne and reaching RMB 20,380 per tonne. At the end of the week, it decreased but did not affect the positive weekly trend. Today, the spot contract is likely to be traded at a discount price of RMB 70-30 per tonne, with an average of RMB 50 per tonne. Region-wise analysis: The price of A00 aluminium ingot dwindled across all the regions of...
