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
23 MAY 2018 AL CIRCLE

East China sees steady procurements in spot aluminium market: A00 ingot price shrinks

EDITED BY : DEBANJALI SENGUPTA 2MINS READ

According to data updated by Shanghai Metal Market, spot aluminium discounts stood firm and thus, traders and downstream consumers in the spot aluminium market made stable procurements in east China on Tuesday, May 22, 2018. SHFE 1806 contract also traded weakly range-bound in the morning.

Transactions in east China stood at RMB 14590 per tonne to RMB 14600 per tonne in Shanghai with discounts settled at RMB 80 to RMB 70 per tonne against the SHFE 1806 contract. In Wuxi and Hangzhou, transactions were mostly heard at RMB 14590 per tonne to RMB 14600 per tonne and RMB 14610 per tonne and RMB 14630 per tonne respectively.

{alcircleadd}

In Guangdong, on the other hand, transactions were mostly heard at RMB 14600 per tonne to RMB 14610 per tonne with Guangdong-Shanghai price spreads at RMB 10 per tonne. With sellers been keen to offload cargoes, the price spreads narrowed. Downstream consumers also made a considerable purchase on rising demand.

However, despite stable procurements in the spot aluminium market in east China on May 22, the average A00 aluminium ingot price could not observe a rise but plunged from RMB 14610 per tonne to RMB 14490 per tonne today on May 23, 2018. The reason was the surplus supply of aluminium ingots in China market. Lowering of the aluminium price in the international market including the London Metal Exchange also contributed to the cause of aluminium ingot price shrink.

The prices are expected to range between RMB 14470 per tonne and RMB 14510 per tonne today May 23, with spot discounts to settle at RMB 90 per tonne to RMB 50 per tonne.

The table below shows today’s spot aluminium ingot price movements (RMB/t) in various markets.

 


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.