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 in China dwindled over the week despite three intermittent hikes
As the week has come to an end, let’s take a quick recap at the movements of aluminium price and the prices of raw materials over the week across China. According to Shanghai Metals Market, the A00 aluminium ingot price started the week with a decline from RMB 13,890 per tonne to RMB 13,830 per...
Raffmetal and Fondital join Aluminium Stewardship Initiative
Raffmetal and Fondital have joined Aluminium Stewardship Initiative (ASI) ASI as joint-members in the Production and Transformation Class. ASI now has 92 companies working towards a more responsible aluminium value chain. Raffmetal is a manufacturer of aluminium alloys in Italy, processing recycled...
Primary aluminium inventories dwindle 30,000 tonnes W-o-W; A00 aluminium ingot price rises by RMB10/t
Followed by the previous fall on June 24 to 1.061 million tonnes, the primary aluminium inventories today, on June 27, have come in at 1.051 million tonnes, according to Shanghai Metals Market data. This indicates that the inventories have declined by 10,000 tonnes over the past three days across...
Semi-finished aluminium demand in the US and Canada up 2.6 per cent through April 2019
According to the preliminary estimates of Aluminum Association, aluminium demand in the United States and Canada, including shipments by domestic producers plus imports, stood at an estimated 4.3 million tonnes through April of 2019, a slight increase from YTD 2018. Through the first four months of...
Alumina price in China extends decline; A00 aluminium ingot up by RMB20/t
The average spot alumina price continued its downward trend and stood at RMB2865 per tonne on Wednesday, 26 June 2019. Alumina price declined RMB31 per tonne or 1.07 per cent from RMB 2896 per tonne on Tuesday. Alumina price in East and North dropped RMB20 per tonne each to stand at RMB2880 per...
A00 aluminium ingot price rises by RMB70/t amidst alumina price drop by RMB67/t
After two consecutive days of decline from RMB 13,920 per tonne to RMB 13,830 per tonne, the A00 aluminium ingot price has recorded a rise today, on June 25, to RMB 13,900 per tonne, found Shanghai Metals Market. This suggests that the price has grown by RMB 70 per tonne today. The average prices...
Primary aluminium inventories drop 20,000 tonnes over the weekend ended on June 24
According to Shanghai Metals Market, primary aluminium inventories have further extended their downfall over the weekend ended on June 24 by 20,000 tonnes across eight major consumption areas, including SHFE warrants. The inventories are thus, now hovering at 1.061 million tonnes as of Monday,...
A00 aluminium ingot price down RMB60/t; Aluminium alloy (A356) registers a decline
A00 aluminium ingot price dropped from RMB 13890 per tonne to RMB 13830 per tonne on Monday, 24 June 2019. This indicates a drop of RMB 60 per tonne or 0.43 per cent. The average price is expected to range between RMB 13810 per tonne and RMB 13850 per tonne. Spot aluminium contract is likely to be...
Further decline of Chinese alumina spot price to RMB2963/t buoys price drop of aluminium ingot
The average spot price of alumina has further extended its fall today, June 21, to RMB 2,963 per tonne, found Shanghai Metals Market. Yesterday, on June 20, the price was at RMB 2,973 per tonne, which indicates that the price today has dropped by RMB 10 per tonne. This marks the second consecutive...
Alumina price in China extends decline; A00 aluminium ingot price up RMB20/t
The average spot alumina price declined by RMB6 per tonne or 0.20 per cent on Thursday, 20 June 2019, after remaining flat on June 18 and June 19. Alumina price dropped from RMB2979 per tonne to RMB 2973 per tonne. Alumina price in Central and North remained unchanged at RMB2990 per tonne and...
Alumina spot price declines by RMB 53/t and A00 aluminium ingot price by RMB 40/t
Followed by restraint on June 14 at RMB 3032 per tonne, the average spot price of alumina has recorded a decline by RMB 53 per tonne to stand at RMB 2,979 per tonne, found Shanghai Metals Market. Due to the price restraints and declines over the month until now, the average spot price of alumina is...
A00 aluminium ingot price records a drop; Australian alumina FOB continues downward trend
A00 aluminium ingot price again dropped to RMB 13970 per tonne on Friday, 14 June 2019. That was down RMB90 per tonne from yesterday. The average price is expected to range at RMB13950-13990 per tonne. Spot aluminium price is likely to be traded at a discount of RMB 10 per tonne to premium of RMB...
A00 ingot prices inch higher after a drop on Monday; imported alumina price drops RMB 15/t
As updated by Shanghai Metals Market, A00 aluminium ingot price in China increased from RMB 14020 per tonne on June 10 to RMB 14070 per tonne on June 11. The average prices are expected to range between RMB 14050 per tonne and RMB 14090 per tonne. Spot aluminium contract is likely to be traded at a...
Chinese A00 aluminium ingot price continues to fall to RMB14020/t; prices of aluminium alloys also decline
According to Shanghai Metals Market, the price of A00 aluminium ingot has recorded further down over the weekend ended on June 10 from RMB 14,060 per tonne to RMB 14,020 per tonne. This indicates that the A00 aluminium ingot price has shrunk by RMB 40 per tonne. The average prices are expected to...
A00 aluminium ingot price continues to decline over the week; downtrend likely to be extended
A00 aluminium ingot price continued to decline in the week to Thursday June 6. Aluminium ingot price started the week with RMB14170 per tonne and moved downwards to wind up the week at RMB14060 per tonne on Thursday, June 6, 2019. Aluminium price in other major China markets also registered a...
A00 aluminium ingot price in China drops RMB40/t after staying flat yesterday
A00 aluminium ingot price recorded a drop on Thursday, 06 June 2019 to RMB 14060 per tonne, after remaining flat at RMB 14100 per tonne on Wednesday, 05 June. Ingot price declined RMB40 per tonne or 0.28 per cent. The average price is expected to range within RMB14040-14080 per tonne. Spot...
Aluminium shipment in North America drops slightly in April and in the first four months of 2019
According to the latest report from Aluminum Association, Aluminum net shipments (including exports) by domestic U.S. and Canadian facilities totalled an estimated 925,782 tonnes during April. This registered a drop of 1.2 per cent YoY from the April 2018 total of 937,121 tonnes. Shipments of...
Chinese prebaked anode price rises as Weiqiao hikes anode's monthly purchasing price; Aluminium ingot price dips again
According to Shanghai Metals Market, Shandong Weiqiao Group, one of the top aluminium producers in China, has raised the benchmark purchasing price for prebaked anode for the first time this year by RMB 100 per tonne to RMB 3,095 per tonne in cash for June 2019. In May, the benchmark price had...
