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 ingot price declines by RMB50/t for the fourth day in a row; Alloy (A356) price also continues to fall
According to Shanghai Metals Market, the A00 aluminium ingot price has recorded the fourth drop in a row by RMB 50 per tonne to stand at RMB 13,980 per tonne, as of September 30. With this continued plunge, the A00 aluminium ingot price stands lower by RMB 310 per tonne from the same period last...
A00 aluminium ingot price extends decline by RMB90/t resulting in aluminium alloy (A356) price drop
Extending the decline by RMB 90 per tonne on Thursday, September 26, the A00 aluminium ingot price has come in at RMB 14,190 per tonne, found Shanghai Metals Market. This marks the second decline in a row after three consecutive rises until Tuesday, September 24. The average prices are expected to...
Alumina price in China stands at RMB 2604/t; A00 aluminium ingot price registers a drop after three days of rise
The average alumina prices in major China markets have witnessed growth on Wednesday, 25 September 2019. The average spot alumina price stands at RMB 2604 per tonne, up RMB 12 per tonne from the previous average alumina price of RMB 2592 per tonne. Alumina East China and Central China stand at RMB...
A00 aluminium ingot price continues to rise on low stocks; Input costs remain restrained
Back on the continued decline in social inventories of primary aluminium, the price of A00 aluminium ingot has extended its rise today, September 24, by RMB 10 per tonne to stand at RMB 14,320 per tonne, found Shanghai Metals Market. This marks the third consecutive growth in the aluminium ingot...
Aluminium production in Shanxi during January-August declined 19 per cent YoY: NBS
Data from the Shanxi branch of National Bureau of Statistics showed on Monday, September 23, that the aluminium production in the province came in at 530,000 tonnes during January-August, down 19 per cent year on year. Output in August stood at 70,000 tonnes, down 25 per cent from the same period...
Increase in average alumina price, low inventories result in A00 aluminium ingot price rise today
According to Shanghai Metals Market, the average spot price of alumina has extended its rise today, September 20, by RMB 13 per tonne to stand at RMB 2,592 per tonne to conclude the week with another price hike. This marks the two consecutive rises in alumina spot price after two days of restraints...
Primary aluminium inventories continue to fall W-o-W as consumptions increase due to low ingot price
Shanghai Metals Market found social inventories of primary aluminium in China fell over the week ended on September 19, as some regions saw more outflows. SMM data shows the stocks across eight major consumption areas in China, including SHFE warrants, decreased by 6,000 tonnes from 972,000 tonnes...
A00 aluminium ingot price records a slight rise today after two significant declines; Input costs remain restrained
After the two significant declines by RMB 150 per tonne and RMB 70 per tonne on September 16 and September 17, the A00 aluminium ingot price has recorded a slight rise today, on September 18, by RMB 10 per tonne to stand at RMB 14,340 per tonne, found Shanghai Metals Market. The average prices are...
A00 aluminium ingot price extends decline by RMB 70/t; Aluminium Alloy (A356) down by RMB 50/t
A00 aluminium ingot price has extended its decline to RMB 14330 per tonne on Tuesday, 17 September 2019, from its previous price of RMB 14400 per tonne on September 16. This indicates a drop of RMB 70 per tonne or 0.49 per cent. The price is expected to range at RMB 14310-14350 per tonne. Spot...
Week-long alumina price restraint ends with a growth of RMB22/t; A00 aluminium ingot price declines significantly
After remaining restrained at RMB 2,547 per tonne from September 6-12, the average spot price of alumina has recorded a growth of RMB 22 per tonne today, on September 16, to stand at RMB 2,569 per tonne, found Shanghai Metals Market. Witnessing the highest rise the alumina spot price in the north...
A00 aluminium ingot prices continued higher this week; Alumina prices remain unchanged
The price of A00 aluminium ingot witnessed an upward movement, except Monday, over the week. Ingot price started the week with a decline of RMB 30 per tonne from September 6 to RMB 14390 per tonne on Monday, September 9. A00 aluminium ingot price ended RMB 80 per tonne higher at RMB 14550 per tonne...
Primary aluminium inventories further decline by 34,000 tonnes week-on-week
According to Shanghai Metals Market, the social inventories of primary aluminium have again plunged this week ended on Thursday, September 12, as some regions have seen greater deliveries. SMM data shows the stocks across eight major consumption areas, including SHFE warrants, have decreased by...
A00 aluminium ingot price grows by RMB80/t and price of alloy (ADC12) by RMB50/t on limited supplies
According to Shanghai Metals Market, the A00 aluminium ingot price has further expanded its rise for the third day in a row by RMB 80 per tonne to RMB 14,550 per tonne, as of September 12. The average prices are expected to range between RMB 14,530 per tonne and RMB 14,570 per tonne, with spot...
A00 aluminium ingot price extends gain by RMB50/t; Australian alumina FOB down by USD3/t
A00 aluminium ingot price has edged higher by RMB 50 per tonne or 0.35 per cent to stand at RMB 14470 per tonne on Wednesday, 11 September 2019, from its previous price of RMB 14420 per tonne on September 10. The price is expected to range at RMB 14450-14490 per tonne. Spot aluminium price is...
A00 aluminium ingot price grows by RMB30/t on limited stocks in the market; Input costs remain unchanged
Followed by the decline in social inventories of primary aluminium by 14,000 tonnes, the average price of A00 aluminium ingot has recorded a growth of RMB 30 per tonne to RMB 14,420 per tonne on September 10, found Shanghai Metals Market. Primary aluminium stocks in Gongyi, Henan arrived limited...
Residents oppose Alliance Metals' aluminium recycling plant in Arizona on environmental grounds; the company assures safety
Florida-based Alliance Metals, which applied for the permit for an aluminium recycling plant in a farming town in Wenden, Arizona in April 2019, faced with oppositions from local communities. In a public hearing, residents urged environmental regulators not to sign off on the project. Homeowners...
Primary aluminium inventories in China continue to fall over the weekend by 14,000 tonnes
According to Shanghai Metals Market, the social inventories of primary aluminium have extended decline over the weekend ended on September 9, as stocks in Gongyi, Henan have recorded a drop due to fewer arrivals. SMM data showed that the inventories across eight major Chinese consumption areas,...
Bauxite price in Shanxi down by RMB10/t; A00 aluminium ingot price registers a drop after six days
The average Bauxite (4.5≤Al/Si＜5.5) price in Shanxi stood at RMB 440 per tonne on Monday, down RMB 10 per tonne or 2.22 per cent, after remaining flat since July 31 at RMB 450 per tonne. The average price is expected to stay within a range of RMB 390-RMB 490 per tonne. The price of bauxite remains...
