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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A00 aluminium price records a hike of RMB60/t; expected to move within a range of RMB 13980-14020/t
A00 aluminium ingot price stood at RMB 14000 per tonne on Wednesday, 30 October 2019, up RMB 60 per tonne or 0.43 per cent from Tuesday, after a drop of RMB 60 per tonne yesterday. The price is expected to move within a range of RMB 13980-14020 per tonne. Graph Source: Shanghai Metals Market Foshan...
A00 aluminium ingot price records a slight rise further, while input costs remain restrained
According to Shanghai Metals Market, the A00 aluminium ingot price has recorded a growth of RMB 10 per tonne to stand at RMB 14,000 per tonne. This marks the fourth consecutive rise, but the price still stands lower by RMB 30 per tonne, compared with RMB 14,030 per tonne during the same period last...
A00 aluminium ingot price in China remains restrained and so the input costs
Followed by the rise in the last two days, the A00 aluminium ingot price today, on October 25, has decided to end the week with restraint, as found by Shanghai Metals Market. The price has continued to remain at RMB 13,990 per tonne, with average expected prices to range between RMB 13,970 per...
Alumina price in China stands at RMB2623/t; A00 aluminium ingot price up by RMB10/t after two days of decline
As updated by Shanghai Metals Market, average spot alumina price in China has dropped from RMB 2624 per tonne on October 22 to RMB 2623 per tonne on October 23. The prices of alumina in East, Central, North, and South China markets remain unchanged at RMB 2650 per tonne, RMB 2640 per tonne, RMB...
China’s primary aluminium inventories decline by 21,000 tonnes; A00 aluminium ingot price registers a drop after three days
According to Shanghai Metals Market, social inventories of primary aluminium across eight major consumption areas in China, including SHFE warrants, stood at 895,000 tonnes as of Monday, 21 October 2019, down 21,000 tonnes from Thursday October 17. Primary aluminium inventories continued to decline...
A00 aluminium ingot price increases for the third day in a row on decline in output and stock
On the news of China’s primary aluminium output dip by 1.6 per cent from a year ago to 2.9 million tonnes in September, according to the National Bureau of Statistics (NBS), the price of A00 aluminium ingot has recorded a further rise of RMB 40 per tonne to RMB 14,000 tonnes, as on Friday, October...
Vedanta raises prices of aluminium ingots after 5 cuts in a row
Vedanta Ltd has raised the prices of aluminium ingots after cutting them five times in a row, trade sources told Cogencis. The natural resources major raised the prices of these products by nearly 2% with effect from Thursday, for the first time since early September. The hike in prices is in line...
Alumina price in East China market up by RMB10/t; A00 aluminium ingot price registers a hike after four days
Alumina price in East China market stands at RMB 2660 per tonne on Wednesday, 16 October 2019, indicating an increase of RMB 10 per tonne. The average price is likely to move within a range of RMB 2640 per tonne and RMB 2680 per tonne. The average spot alumina price remained unchanged at RMB 2643...
Weak demand for primary aluminium in China continues to result in A00 aluminium ingot price fall
The A00 aluminium ingot price has further shrunk by RMB 30 per tonne to come as low as RMB 13,770 per tonne, as of October 15, found Shanghai Metals Market. This marks the fourth consecutive fall since October 10, representing the lowest price in the last two months. During the same period in...
Primary aluminium inventories in China resume a downward trend; Stocks are at 945,000 tonnes
According to Shanghai Metals Market, the social inventories of primary aluminium have resumed a downward trend over the weekend ended on Monday, October 14, followed by an increase in the first week after the National Day holiday. As per the data, the inventories across eight major consumption...
China's aluminium exports in September 2019 drop YoY and month-on-month
According to the latest data from Chinese Customs released on October 14, China’s aluminium exports drop in September 2019. The world’s top aluminium producer exported 435,000 tonnes of unwrought aluminium, including primary metal, alloy and semi-finished products in September 2019. That was down...
Alumina price in China stands at RMB2643/t; A00 aluminium ingot price plunges by RMB170/t
The average spot alumina price increased by RMB 15 per tonne or 0.57 per cent from Friday to at RMB 2643 per tonne on Monday, 14 October 2019. This is the fifth consecutive day of increase in alumina prices. The prices of alumina rose across East, Central, North China markets today. Alumina prices...
A00 aluminium ingot price extends decline in China due to poor purchase and increasing stocks
According to Shanghai Metals Market, the A00 aluminium ingot price has further declined in China by RMB 30 per tonne to stand at RMB 13,970 per tonne, as of October 11. This marks the second consecutive drop this week, bringing the A00 aluminium ingot price lower by RMB 500 per tonne from a month...
Liberty Aluminium Dunkerque joins ASI as Production & Transformation member
Liberty Aluminium Dunkerque has become a Production & Transformation member of the Aluminium Stewardship Initiative (ASI). This brings the total number of members working toward a responsible aluminium value chain to 101. The Aluminium Dunkerque plant, located in Northern France, is the largest...
Primary aluminium inventories continue to rise by 8,000 tonnes in China on greater cargo arrival
Shanghai Metals Market found the social inventories of primary aluminium extended its rise across eight major consumption areas, including SHFE warrants, by 8,000 tonnes from Tuesday, October 8, to come in at 977,000 tonnes on Thursday, October 10. According to SMM, increase in cargo arrivals is...
Alumina price in China up by RMB9/t; Australian alumina FOB stands at USD280/t
The average spot alumina price in China increased from RMB 2618 per tonne on October 9 to RMB 2627 per tonne on October 10. This marks the third consecutive increase in alumina price after a long holiday. Alumina prices rose across major markets in China. Spot alumina prices in East China, Central...
Alumina price in China continues upward trend; Cryolite price down by RMB400/t
As on Wednesday, 09 October 2019, the average spot alumina price stands at RMB 2618 per tonne, an increase of RMB 5 per tonne from its previous price of RMB 2613 per tonne on October 8. The average alumina price in North China is hovering around RMB 2640 per tonne, up RMB 10 per tonne from its...
Aluminium demand in the U.S. and Canada up 1.3% YoY in Jan-July 2019; semis demand up 2%
According to the preliminary estimates from Aluminum Association, aluminium demand in the United States and Canada (shipments by domestic producers plus imports) totalled an estimated 7.5 million tonnes from January to July 2019, an increase of 1.3 per cent over YTD 2018. Demand for semi-fabricated...
