
As updated by Shanghai Metals Market, social inventories of primary aluminium across eight consumption areas in China, including SHFE warrants, stood at 853,000 tonnes as of Thursday November 7, down by 17,000 tonnes from a week ago on limited arrivals.
The current status of primary aluminium inventories across China is given in the chart below:
{alcircleadd}
A00 aluminium ingot price increased by RMB 10 per tonne to stand at RMB 14110 per tonne on Thursday, 07 November 2019, after a drop of RMB 30 per tonne yesterday. The price is expected to move within a range of RMB 14090-14130 per tonne. Spot aluminium price is likely to be traded at a discount of RMB 20 to a premium of RMB 20 per tonne.

Source: Shanghai Metals Market
Aluminium ingot price in Foshan was up by RMB 20 per tonne to stand at RMB 14020 per tonne. The price is likely to range at RMB 14000-14040 per tonne. Aluminium ingot prices in Hangzhou and Tianjin dropped by RMB 10 per tonne each to stand at RMB 14105 per tonne and RMB 14100 per tonne. Their average price is expected to move within a range of RMB 14100-14110 per tonne and RMB 14090-14110 per tonne.
The prices in Wuxi and Linyi remained unchanged at RMB 14100 per tonne and RMB 14110 per tonne. Aluminium ingot price in Chongqing rose by RMB 15 per tonne to RMB 14080 per tonne.
Aluminium ingot prices in Shenyang and Gongyi stood at RMB 14095 per tonne and RMB 14005 per tonne, up RMB 40 per tonne each. Their average price is expected to move within a range of RMB 14090-14100 per tonne and RMB 14000-14010 per tonne.
Responses







