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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Weekly Recap: A00 aluminium ingot price marked record-high this week and so the price of aluminium alloy (A356)
This week the A00 aluminium ingot price soared by RMB 300 per tonne to stand at RMB 14,250 per tonne, as of August 13, from RMB 13,950 per tonne on August 12, primarily attributed to limited cargo arrivals at inventories and brisk trading of primary aluminium. On August 12, the social inventories...
A00 aluminium ingot price continues to grow on steady consumption; Aluminium alloy(A356) price rises further
According to Shanghai Metals Market, the A00 aluminium ingot price has extended its growth by RMB 50 per tonne to RMB 14,240 per tonne, as of August 16. This marks the second consecutive rise after the fall on August 14 from RMB 14,250 per tonne to RMB 14,150 per tonne. The average prices today are...
Primary aluminium inventories grow for a third straight week; A00 aluminium ingot price increases by RMB40/t
According to Shanghai Metals Market, the social inventories of primary aluminium, as of August 15, have recorded a week-on-week rise for the third straight week. SMM data shows that stocks across eight major consumption areas, including SHFE warrants, have increased by 1,000 tonne from a week ago...
A00 aluminium ingot price in China declines by RMB100/t after three consecutive rises
After three consecutive rises from RMB 13,880 per tonne to RMB 14,250 per tonne during August 9-13, the A00 aluminium ingot price has registered a decline today, on August 14, by RMB 100 per tonne to RMB 14,150 per tonne, found Shanghai Metals Market. However, despite the drop, the aluminium ingot...
A00 aluminium ingot price soars by RMB300/t; Aluminium alloy (A356) price climbs higher
A00 aluminium ingot price has edged higher by RMB 300 per tonne or 2.15 per cent today. As on Tuesday, 13 August 2019, ingot price ranged at RMB 14230-14270 per tonne; the average price stood at RMB 14250 per tonne, from its previous price of RMB 13950 per tonne on August 12. In Foshan and Wuxi,...
Primary aluminium inventories shrink by 6,000 tonnes on limited cargo arrivals
In contrast to Thursday, August 8, when the primary aluminium inventories increased by 1,000 tonnes, today, on August 12, the inventories shrank 6,000 tonnes to stand at 1.035 million tonnes, found Shanghai Metals Market. Limited cargoes and steady consumption could be the two primary causes for...
A00 aluminium ingot price extends growth of RMB20/t amidst restrained input costs
According to Shanghai Metals Market, the A00 aluminium ingot price has extended growth over the weekend by RMB 20 per tonne to stand at RMB 13,950 per tonne. This marks the second consecutive rise after the fall on Thursday, August 8, from RMB 13,900 per tonne to RMB 13,880 per tonne. On Friday,...
A00 aluminium ingot price registers a hike of RMB50/t; Aluminium Fluoride price up by RMB200/t
A00 aluminium ingot prices registered growth across all major markets in China on Friday, 09 August 2019. Ingot price recorded a rise of RMB50 per tonne or 0.36 per tonne from yesterday to RMB13930 per tonne. The average price is likely to range at RMB13910-13950 per tonne. Aluminium ingot price in...
China’s primary aluminium inventories extend gains; A00 ingot price down by RMB20/t
Shanghai Metals Market data showed that social inventories of primary aluminium across eight consumption areas in China, including SHFE warrants, increased by 1,000 tonnes from August 1 to stand at 1.041 million tonnes as of Thursday August 8. Inventories rose for a second straight week this week,...
A00 aluminium ingot price remains restraint on muted input costs; Premium price expected to rise
According to Shanghai Metals Market, the A00 aluminium ingot price has remained restrained on Wednesday, August 7, at RMB 13,900 per tonne, amidst muted sentiment across input costs. The average prices are expected to continue remaining the same between RMB 13,880 per tonne and RMB 13,920 per...
North America's apparent aluminium consumption was up 2.3 per cent to 4.8 Mt in Jan-May from YTD 2018
Preliminary estimates indicate that aluminium demand in the United States and Canada (shipments by domestic producers plus imports) totalled an estimated 5.4 million tonnes through May 2019, a 1.1 per cent increase from YTD 2018. Demand for semi-fabricated (mill) products totalled 3.9 million...
A00 aluminium ingot price extends growth by RMB60/t; Aluminium alloy (A356) rises by RMB50/t
According to Shanghai Metals Market, the A00 aluminium ingot price has extended growth on Tuesday, August 6, by RMB 60 per tonne to stand at RMB 13,900 per tonne. With this, the price stands higher by RMB 90 per tonne on monthly basis. The average prices are expected to range between RMB 13,880 per...
Alumina price declines by RMB15/t; A00 aluminium ingot price increases on lowered inventories
Followed by a restraint at RMB2,457 per tonne on August 2, the average spot price of alumina has begun the week with a drop to RMB 2,442 per tonne, as of Monday, August 5, found Shanghai Metals Market. Quarter-on-quarter, the price thus, stands below by RMB 336 per tonne, and on month the price...
A00 aluminium ingot price continues to fall on lowered input costs, brisk trade and improved inventory
The A00 aluminium ingot price has dropped for the second day in a row on Friday, August 2, by RMB 40 per tonne to come in at RMB 13,830 per tonne, found Shanghai Metals Market. Improved inventory of primary aluminium on August 1, along with sluggish costs of alumina and prebaked anode could be the...
Primary aluminium inventories grow by 5,000 tonnes over the week
According to Shanghai Metals Market , the social inventories of primary aluminium in China have recorded a second weekly rise today, on August 1, in the past four weeks. Data shows the stocks across eight major consumption areas in China, including SHFE warrants, have come in at 1.04 million tonnes...
Alumina and prebaked anode price drop by RMB18/t and RMB25/t; A00 aluminium ingot price also declines
According to Shanghai Metals Market, the average spot price of alumina has started the month with a drop of RMB 18 per tonne to RMB 2,457 per tonne, as of August 1, 2019. With this, the price records a month-on-month decline of RMB 301 per tonne. Since the end of May, the spot alumina price is...
Alumina (Imported) price drops by RMB 200/t; A00 ingot price registers a hike after a drop yesterday
The average spot price of alumina registered a drop of RMB 30 per tonne on Tuesday, 30 July 2019, after remaining flat on Monday. Alumina price dropped from RMB 2505 per tonne to RMB 2475 per tonne. The prices of alumina fell across major China markets. Spot alumina prices in Central China and...
Alumina price in China stands at RMB2505/t; A00 ingot prices increase for second consecutive day
The average spot price of alumina registered a drop of RMB 12 per tonne to stand at RMB 2505 per tonne on Friday, 26 July 2019. The prices of alumina fell across major China markets today. Spot alumina prices in East China, Central China, and North China markets dropped by RMB 10 per tonne each....
