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 marks fourth consecutive decline today to RMB14180/t
According to the Shanghai Metals Market, the price of A00 aluminium ingot has extended its fall by RMB 10 per tonne to RMB 14,180 per tonne on May 31, 2019. This marks the fourth consecutive decline since May 28. The average prices are expected to range between RMB 14,160 per tonne and RMB 14,200...
Alumina price drops for second consecutive day; A00 aluminium ingot price declines in major China markets
The average spot alumina price registered a drop of RMB41 per tonne or 1.31 per cent on Thursday, 30 May 2019. Alumina price declined from RMB3119 per tonne to RMB3078 per tonne today. This marks the second consecutive drop in alumina price. Alumina price in East and Central dropped RMB20 per tonne...
Alumina price records decline after more than a month to RMB3119/t; A00 aluminium ingot price extends downfall
According to Shanghai Metals Market, the average spot price of alumina has recorded a dip today, May 29, to RMB 3,119 per tonne, after being remained restraint at RMB 3,163 per tonne from May 23 to May 28. After more than a month, the average alumina spot price has registered a decline. Since April...
A00 aluminium ingot price registers a drop after two days; Aluminium Alloy (A356) price down RMB50/t
A00 aluminium ingot price dropped after two consecutive increases and stood at RMB14300 per tonne on Tuesday, 28 May 2019. This was down RMB50 per tonne or 0.35 per cent from RMB14350 per tonne on Monday, May 27. The average price is expected to range at RMB14280-14320 per tonne Spot aluminium...
Bauxite price in Henan up by 6%; A00 aluminium ingot price jumps RMB120/t
The average Bauxite (6.0≤Al/Si ＜7.0) price in Henan increased from RMB 500 per tonne to RMB 530 per tonne on Monday, 27 May 2019. This records a growth of RMB 30 per tonne or 6 per cent. The average price is expected to stay within a range of RMB 510-RMB 550 per tonne. The average Bauxite...
A00 aluminium ingot price extends decline to RMB14160/t; alumina spot price grows marginally
A00 aluminium ingot price has further declined today, on May 23, to stand at RMB 14,160 per tonne, found Shanghai Metals Market. The ingot price yesterday was at RMB 14,220 per tonne, which means it has dropped by RMB 60 per tonne over a day. Since April 17 the ingot price has been decline and...
Alumina price in China up by RMB40/t; A00 aluminium ingot price registers a drop
The average spot alumina price rose from RMB 3116 per tonne to RMB 3156 per tonne on Wednesday, 22 May 2019. Alumina price recorded RMB40 per tonne or 1.28 per cent growth from yesterday. The price also increased across all major markets in China. Alumina price in East and Central rose RMB 50 per...
A00 aluminium ingot price extends decline for the third day in a row; alumina price hikes across major markets
According to Shanghai Metals Market, the A00 aluminium ingot price has extended downfall today, on May 21, to RMB 14,240 per tonne. This is the third consecutive decline since May 17. The average prices are expected to range between RMB 14,220 per tonne and RMB 14,260 per tonne. In Foshan, Tianjin...
Chinese secondary aluminium producers operating rates estimated to slow down to 56% in May
Shanghai Metals Market anticipates the Chinese secondary aluminium producers’ operating rates to extend declines to 56 per cent in May, as aluminium purchases are expected to remain low among auto producers due to high inventories. The upcoming stricter national emission standards which will come...
Spot alumina price expands further to RMB3087/t, while aluminium ingot price dwindles by RMB20/t
According to Shanghai Metals Market, the spot price of alumina has recorded a further hike today, May 17, to RMB 3087 per tonne. Yesterday, the price was at RMB 2,990 per tonne, which means the price today has increased by RMB 97 per tonne. Over the month, the alumina spot price has risen from RMB...
Primary aluminium inventories drop to 1.346 million tonnes on higher demand and limited cargoes arrival
Primary aluminium stocks across eight major consumption areas in China, including SHFE warrants, have dropped further on higher demand and limited cargoes arrival, learned Shanghai Metals Market. The premium of spot prices over prices of futures triggered a larger outflow of warrants, which also...
Alumina price in China up by 1.32%; A00 aluminium ingot price extends growth
The average spot alumina price stood at RMB2990 per tonne on Thursday, 16 May 2019, representing an increase of RMB39 per tonne or 1.32 per cent from yesterday. Alumina price also increased across major markets in China today. Alumina price in Central and North rose by RMB40 per tonne each to stand...
Alumina price in China up by RMB47/t; A00 aluminium ingot price registers a drop
Average spot alumina price continued their upward track and stood at RMB2850 per tonne on Tuesday, 14 May 2019, up RMB47 per tonne from RMB2803 per tonne on Monday, 13 May 2019. Alumina price in the East, Central and North rose RMB50 per tonne to stand at RMB2860 per tonne, RMB2850 per tonne and...
Chinese alumina price expands by RMB19/t and provides further boost to A00 aluminium ingot price
According to Shanghai Metals Market, the spot price of alumina has recorded further expansion today, May 13, from RMB 2,784 per tonne to RMB 2,803 per tonne. This is the second consecutive growth in alumina spot price after remaining restrained from May 6 to May 9 at RMB 2,778 per tonne. Shanghai...
Chinese primary aluminium inventories continue to fall; A00 aluminium ingot price shows restraint
Primary aluminium inventories in China have recorded further downfall this week ended on May 9 due to limited arrivals and strong demand, found Shanghai Metals Market. This has brought down the stocks to 1.409 million tonnes, down 33,000 tonnes from 1.44 million tonnes on May 5 across eight major...
A00 aluminium ingot price inches up after three days
A00 aluminium ingot price recorded an increase of RMB30 per tonne on Wednesday, 08 May 2019 after declining three days in a row. Ingot price increased from RMB14050 per tonne to RMB14080 per tonne. Spot aluminium contract is likely to be traded at a premium of RMB40 per tonne. The price is expected...
A00 aluminium ingot price extends its fall today by RMB30/t
According to Shanghai Metals Market, the price of A00 aluminium ingot extends its drop today, on May 7, by RMB 30 per tonne to RMB 14,050 per tonne. The average prices are expected to range between RMB 14,030 per tonne and RMB 14,070 per tonne. Spot aluminium contract is likely to be traded at a...
Aluminium imports by the US drop 9.7% YoY in the first two months of 2019; apparent consumption up slightly
According to the preliminary estimates from Aluminum Association, aluminium demand in the United States and Canada, including shipments by domestic producers plus imports stood at an estimated 2.1 million tonnes for January and February 2019, slightly down from the same period of 2018. Demand for...
