Aluminium prices drift higher as September peak season operations recover amid low inventory
Futures: The most-traded SHFE aluminium contract opened at RMB 24,400 per tonne in the night session on September 7, reached a high of RMB 24,470 per tonne and a low of RMB 24,335 per tonne, and closed at RMB 24,450 per tonne, up 30 from the previous close, a gain of 0.12 per cent. Prices traded...
Macro disturbances cap upside room, while destocking continues to support aluminium price stabilisation
Futures: The most-traded SHFE aluminium contract opened at RMB 24,240 per tonne in the night session on September 4, with a high of RMB 24,355 per tonne, a low of RMB 24,220 per tonne, and a close of RMB 24,320 per tonne, up 0.12 per cent from the previous close. Futures stabilised and rebounded,...
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Alumina price climbs by RMB22/t; Al Fluoride price in China jumps RMB 500/t
As updated by Shanghai Metals Market, average spot alumina price in China has risen from RMB 2543 per tonne on February 27 to RMB 2565 per tonne on February 28. This marks an increase of RMB 22 per tonne or 0.87 per cent on Friday. The prices of alumina in East, Central, and North China markets...
Chinese primary aluminium inventories trending higher W-o-W amidst weaker demand in compare to production
According to Shanghai Metals Market, the social inventories of primary aluminium in China have continued to trend higher this week, as demand has recovered slowly than expected. The SMM data shows, the inventories have built up by 155,000 tonnes over the week across eight major consumption areas,...
Average alumina spot price shoots up today by RMB18/t, while A00 aluminium ingot price records another drop
The average alumina spot price continues to expand in China amidst the limited production at refineries and weak supplies in the market. Today, on February 27, the alumina price has grown by RMB 18 per tonne to stand at RMB 2,543 per tonne, according to Shanghai Metals Market. With the continued...
Average alumina spot price expands by RMB3/t; A00 aluminium ingot price grows after its restraint last day
The average alumina spot price has extended growth by RMB 3 per tonne to RMB 2,525 per tonne, according to Shanghai Metals Market. Limited supply of the ore in the market due to lower production at refineries is primarily responsible for the continued growth in the alumina spot price. In the east,...
Primary aluminium inventories extend growth over the weekend, but slower than the previous week
On Monday, February 24, the social inventories of primary aluminium extended its growth over the weekend, as demand recovered slowly than expected due to Coronavirus, learned Shanghai Metals Market. The data shows the inventories across eight major Chinese consumption areas, including SHFE...
Alumina price in China increases RMB 6/t; A00 aluminium price remains unchanged at RMB 13410/t
The average spot alumina price stands at RMB 2522 per tonne on Tuesday, 25 February 2020. That was up RMB 6 per tonne or 0.24 per cent from Monday. The spot alumina prices in China have increased in Central and North markets. The average prices of Alumina-Central and Alumina-North have risen by RMB...
Alumina price marginally higher at RMB2516/t; A00 aluminium ingot price falls RMB130/t
The average spot alumina price in China has extended growth by RMB 6 per tonne or 0.24 per cent from Friday to stand at RMB 2516 per tonne on Monday, 24 February 2020. Alumina prices have increased across in East and Central markets in China. The prices of alumina in East and Central markets have...
Average alumina spot price in China extends growth by RMB7/t, but A00 aluminium ingot price shows restraint
The average alumina spot price in China has extended its rise by RMB 7 per tonne to RMB 2,493 per tonne, as of Wednesday, January 19, according to Shanghai Metals Market. The growth rate is 28 per cent, higher than the previous day. This month has been seeing a positive trend in the alumina spot...
Hindalco reduces aluminium ingots price by 1.26% with effect from February 18
Hindalco Industries Ltd has reduced the prices of aluminium ingots, billets, and wire rods by nearly 1.2% with effect from Tuesday, 18 February 2020. The aluminium ingot price now stands at INR 137,500 per tonne, a decrease of 1.26% from INR 139,250 per tonne on February 13. The prices of wire rods...
Alumina price in China stands higher at RMB2486/t; A00 aluminium ingot price gains RMB60/t
The average spot alumina price increased by RMB 6 per tonne or 0.24 per cent on Tuesday, 18 February 2020, after remaining flat on February 14 and February 17. Alumina price in China stood at RMB 2486 per tonne, from RMB 2480 per tonne. The prices of alumina rose across East and Central China...
Prices of A00 aluminium ingot and aluminium alloy(A356) record the fourth consecutive day of fall
The A00 aluminium ingot price has recorded further downfall of RMB 40 per tonne, marking the fourth consecutive day of decline, found Shanghai Metals Market on Monday, February 17. The price has thus, come in at RMB 13,550 per tonne. The average prices are expected to range between RMB 13,530 per...
Hindalco hikes aluminium ingots price by nearly 1.5% with effect from February 13
Hindalco Industries Ltd has raised the prices of aluminium ingots, billets, and wire rods by nearly 1.5%. With effect from February 13, the aluminium ingot price now stands at INR 139,250 per tonne, an increase of 1.46% from INR 137,250 per tonne on February 5. Hindalco has increased the prices of...
A00 aluminium ingot price slips RMB 20/t; Aluminium alloy (ZLD102) price stands lower at RMB14200/t
A00 aluminium ingot price dropped by RMB 20 per tonne or 0.15 per cent on Friday, 14 February 2020. The price now stood at RMB 13590 per tonne and is expected to move within a range of RMB 13570-13610 per tonne. Spot aluminium contract is likely to be traded at a discount of RMB 60-20 per tonne. In...
Primary aluminium inventories in China record steep growth for second consecutive week after CNY
According to Shanghai Metals Market, the social inventories of primary aluminium in China have jumped today, on February 13, for the second consecutive week after the Chinese New Year Holiday. SMM data shows, the inventories across the eight major consumption areas, including SHFE warrants, are...
Alumina price stands higher at RMB2476/t; A00 aluminium ingot price registers a drop after five days
The average spot alumina price has extended growth by RMB 5 per tonne on Wednesday, 12 February 2020. The price now stands at RMB 2476 per tonne. The alumina prices in China have increased in Central and North markets. Image Source: Shanghai Metals Market The average prices of Alumina-Central and...
Australian alumina FOB price stands higher at USD 285/t; A00 aluminium ingot price up by 1.3%
The average spot alumina price stands at RMB 2471 per tonne on Tuesday, 11 February 2020, an increase of RMB 4 per tonne from RMB 2467 per tonne. The alumina prices in China have increased in all major markets except South. The average prices of Alumina-East and Alumina-Central have risen by RMB 5...
Primary aluminium inventories in China soar by 90,000 tonnes due to poor deliveries amid epidemic outbreak
According to Shanghai Metals Market, the social inventories of primary aluminium, across eight major consumption areas in China, rose over the weekend by 90,000 tonnes to 1.04 million tonnes, as of Monday, February 10. Limited arrival of stocks and lower shipments leaving social warehouses amid an...
Alumina spot price in China inches up by RMB6/t; A00 aluminium ingot price grows with improved trades
The average alumina spot price has increased in China by RMB 6 per tonne after remaining restrained for a day, found Shanghai Metals Market. The price, as of today, February 10, is hovering at RMB 2,467 per tonne. In the east and north, the price has recorded a rise of RMB 20 per tonne and RMB 10...
