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 rise and low primary aluminium inventories bolster A00 aluminium ingot price growth today
According to Shanghai Metals Market, the average spot price of alumina has extended its rise today, on September 6, by RMB 5 per tonne to stand at RMB 2,547 per tonne. In the central and south, the price has grown by RMB 10 per tonne to RMB 2,550 per tonne and RMB 2,505 per tonne, while that in the...
Alumina price in China continues to rise to reach RMB 2542/t; A00 aluminium ingot price shows no change
As on Thursday, 05 September 2019, the average spot price of alumina further recorded an increase of RMB 9 per tonne or 0.36 per cent from September 4. The price stood at RMB 2542 per tonne. The prices of alumina rose across major China markets today. The average alumina spot price in South China...
TRIMET Aluminium SE joins Aluminium Stewardship Initiative
TRIMET Aluminium SE has become a new Production & Transformation member of the Aluminium Stewardship Initiative (ASI). This brings the total number of members working toward a responsible aluminium value chain to 98. “TRIMET is pleased to join the Aluminium Stewardship Initiative (ASI). As an...
Prebaked anode price in Southwest China down by RMB 35/t; A00 ingot prices rise across all markets
Prebaked anode price in Southwest China market has edged lower by RMB 35 per tonne. As on Tuesday, 03 September 2019, prebaked anode price ranged at RMB 3380-3650 per tonne; the average price stood at RMB 3515 per tonne, down from its previous price of RMB 3550 per tonne. The average prices of...
North America's apparent aluminium consumption was up 2.2 per cent YoY to 5.7 Mt in the first six months of 2019
Preliminary estimates from the Aluminum Association indicate that aluminium demand in the United States and Canada (shipments by domestic producers plus imports) totalled an estimated 6.4 million tonnes during the first six months of 2019, a slight increase from YTD 2018. Demand for semi-fabricated...
Weiqiao further cuts its prebaked anode price for September; A00 aluminium ingot price rises by RMB20/t
Shanghai Metals Market reveals that Shandong Weiqiao Group, one of the top aluminium producers in China, has reduced the benchmark purchasing price of prebaked anode for the third month in a row. For September 2019, the company has lowered the benchmark purchasing price by RMB 70 per tonne to RMB...
A00 aluminium ingot price fluctuated over the week while alumina price performed higher
A00 aluminium ingot price in China fluctuated throughout the week. Ingot price started the week with a decline of RMB 60 per tonne to RMB 14250 per tonne on Monday.A00 aluminium ingot price continued higher in the next two days at RMB 14270 per tonne and RMB 14340 per tonne. Shanghai Metals Market...
China’s alumina and aluminium prices rise by RMB 20/t and RMB 30/t
The average alumina prices in four major markets have witnessed growth on Friday, 30 August 2019. The average spot alumina price stands at RMB 2520 per tonne, up RMB 20 per tonne from the previous average alumina price of RMB 2500 per tonne. Alumina price in East China is hovering around RMB 2530...
Primary aluminium inventories decline after four weekly rises; A00 aluminium ingot price falls by RMB80/t
Social inventories of primary aluminium in China have recorded a week-on-week decline today, August 29, after rising for four consecutive weeks. According to Shanghai Metals Market, the inventories across the eight major Chinese consumption areas, including SHFE warrants, have fallen by 30,000...
Alumina price in China continues upward trend; Aluminium alloy (A356) price up by RMB50/t
As on Wednesday, 28 August 2019, the average spot alumina price stands at RMB 2500 per tonne, up by RMB 9 per tonne from its previous price of RMB 2491 per tonne. The average alumina price in East China is hovering around RMB 2510 per tonne, up RMB 10 per tonne. Alumina Central China and North...
A00 aluminium ingot prices edge higher after two days of decline; expected to range at RMB 14250-14290/t
A00 aluminium ingot price has edged higher by RMB 20 per tonne or 0.14 per cent today. As on Tuesday, 27 August 2019, ingot price ranged at RMB 14250-14290 per tonne; the average price stood at RMB 14270 per tonne, from its previous price of RMB 14250 per tonne on August 26. In Foshan and Wuxi,...
Spot alumina price continues to rise by RMB17/t; A00 aluminium price drops despite fall in inventories
According to Shanghai Metals Market, the average spot price of alumina has extended its rise further by RMB 17 per tonne to stand at RMB 2,491 per tonne, as of August 26, 2019. The alumina price started growing incessantly since August 16, ranging between RMB 2,442 per tonne and RMB 2,491 per...
Alumina price in China up by RMB 11/t after remaining flat yesterday; A00 ingot price down RMB50/t
The average spot price of alumina further recorded an increase of RMB 11 per tonne to stand at RMB 2474 per tonne on Friday, 23 August 2019. The prices of alumina rose across major China markets today. Spot alumina prices in East China, Central China, and North China markets increased by RMB 10 per...
A00 aluminium ingot price grows by RMB40/t; Aluminium alloy (A356) price increases RMB50/t
Followed by a drop on August 21 from 14,380 per tonne to RMB 14,320 per tonne, the A00 aluminium ingot price has recorded a rise today, August 22, by RMB 40 per tonne to stand at RMB 14,360 per tonne, found Shanghai Metals Market. The average prices are expected to range between RMB 14,340 per...
Alumina price in China extends its rise; Australian alumina FOB price up USD5/t
The average spot alumina price in China continued to rise by RMB 9 per tonne or 0.37 per cent on Wednesday, 21 August 2019. Alumina price increased from RMB 2454 per tonne to RMB 2463 per tonne. The prices of alumina rose across major China markets. The average alumina spot price in Central China...
Hindalco and Vedanta raised price of aluminium ingots with effect from Saturday August 17
Two major aluminium producers of India, Hindalco and Vedanta have raised their ingot prices in the domestic market to match with the increase in international prices. The price of Hindalco’s P1020 EC Grade Ingot & Sow with 99.7% purity was raised to INR 14,4000 (US$2009) per tonne on August 17,...
A00 aluminium ingot price grows by RMB 150 per tonne on lowered inventories and production
The A00 aluminium ingot price has again recorded a sweeping growth of RMB 150 per tonne to stand at RMB 14,380 per tonne, as of August 20, according to Shanghai Metals Market. The average prices are expected to range between RMB 14,360 per tonne and RMB 14,400 per tonne, with spot contract to be...
Alumina price in China up RMB8/t; A00 aluminium ingot price registers a drop
The average spot price of alumina registered an increase of RMB 8 per tonne or 0.33 per cent on Monday, 19 August 2019. Alumina price rose from RMB 2442 per tonne to RMB 2450 per tonne. Spot alumina prices in East China, Central China, and South China markets remained unchanged at RMB 2460 per...
