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,...
Grow with
AL Circle
China’s primary aluminium inventory drops on limited supplies; Ingot prices rise after four days
Social inventories of primary aluminium across eight consumption areas in China, including SHFE warrants, dropped some 25,000 tonnes from Thursday November 1 to stand at 1.5 million tonnes as of Monday November 5, Shanghai Metals Market data showed. Supplies shrank while outflows from social...
Hindalco and Vedanta cut prices of aluminium ingots in line with falling 3-months LME prices
According to trade sources both Vedanta and Hindalco have cut prices of their products on Wednesday October 31. Vedanta Ltd has cut prices of aluminium ingots by more than 1% from October 31, after raising the prices of the same products by over 1%, which came after eight consecutive price cuts....
Non-alloyed aluminium ingot export by Egypt estimated to rise 10% YoY in 2018
Egypt exported US$25.9 billion worth of goods around the globe in 2017, up by 15 per cent from 2016 to 2017. The country’s non-alloyed aluminium ingot exports have been logging a year-on-year growth over the last three years. Non-alloyed aluminium is used as a raw material for further downstream...
Chinese primary aluminium inventories decline W-o-W on growing consumption; Ingot price extends plunge further
Social inventories of primary aluminium across major consumption areas in China, including SHFE warrants, dropped some 13,000 tonnes week-on-week to stand at 1.525 million tonnes today, November 1, Shanghai Metals Market found. This decline in social inventories could be attributed to molten...
A00 aluminium ingot price drops across all major market in China; alumina prices rise RMB29/t today
As reported by Shanghai Metals Market, A00 Aluminium Ingot prices in China have registered a decline for two days consecutively after a rise. The average price of A00 Aluminium ingot stands at RMB13990 per tonne on Wednesday, October 31, down from RMB 14030 per tonne yesterday. The average prices...
Chinese A00 aluminium ingot price drops again after an interim rise; Input costs show restraint
After a rise over the weekend in A00 aluminium ingot price from RMB 14090 per tonne to RMB 14120 per tonne, today, on October 30, it again registered a drop by RMB 90 per tonne to stand at RMB 14030 per tonne, Shanghai Metals Market found. The average prices are expected to range between RMB 14010...
China’s aluminium inventory continues downward trend; A00 ingot price stands at RMB14120/t
Social inventories of primary aluminium inventories across eight consumption areas in China, including SHFE warrants, declined by some 10,000 tonnes from Thursday October 25 to stand at 1.528 million tonnes as of Monday October 29, Shanghai Metals Market data showed. The decline in inventories of...
China’s aluminium inventories shrink on production cuts; alloy prices remained unchanged
Social inventories of primary aluminium inventories across eight consumption areas in China, including SHFE warrants, declined by some 45,000 tonnes from Thursday October 18 to stand at 1.538 million tonnes as of Thursday October 25, Shanghai Metals Market data showed. High costs and cash flow...
A00 aluminium ingot price rises in China against provincial environment checks Oct-Nov
According to the latest update from Shanghai Metals Market, the A00 aluminium ingot price again sees a rise today, on October 24, after a slight drop in the previous day. Today, the ingot price is hovering at RMB 14190 per tonne in contrast to RMB 14110 per tonne yesterday. Hence, this marks a...
Spot aluminium discounts in Shanghai stand narrow; A00 ingot price plunges again
According to the Shanghai Metals Market report, spot aluminium discounts narrowed across the Shanghai market on the first trading day of the week as future prices fell in the morning trading hours. The SHFE contract for November delivery initially fell before it climbed in the morning trading...
Aluminium billet inventories in China drop in China as downstream consumers restocked raw materials
Inventories of aluminium billet decreases across all the major consumption areas in China as downstream consumers restocked raw materials, Shanghai Metals Market found. Stocks of 6063 aluminium billet stood at 150,000 tonne on Thursday October 18, down by some 2,000 tonnes. The aluminium billet...
A00 aluminium price rises again in China despite a fall or restraint in input costs
According to the data by Shanghai Metals Market, the A00 aluminium ingot price in China once again sees a growth today, on October 17, from RMB 14190 per tonne, as on the previous day, to RMB 14290 per tonne. This marks an increase by RMB 100 per tonne. The average prices are expected to range...
A00 aluminium ingot price in China registers a hike after consecutive four days of drop
After a continuous fall for past four days in a row, the A00 aluminium ingot price in China today, on October 16, has recorded a hike by RMB 90 per tonne to stand at RMB 14190 per tonne, Shanghai Metals Market found. The average prices are expected to range between RMB 14170 per tonne and RMB 14210...
A00 aluminium ingot price in China records a drop four days in a row
According to the data by Shanghai Metals Market, A00 aluminium ingot price in China has recorded a plunge today, on October 15, by RMB 70 per tonne to stand at RMB 14080 per tonne to RMB 14120 per tonne. This marks a drop in ingot price for the past 4 days in a row. After a hike on October 9 to RMB...
Top Five Aluminium Slug Manufacturers in Europe
The production of aluminium slugs starts with loading furnaces with raw aluminium in the form of aluminium ingot, followed by a hot/cold rolling process, stamping, annealing, surface finish, and selection and packaging. Aluminium slugs are eco-friendly and recyclable and thus, successfully securing...
Spot aluminium discounts widen in China even amid firm offers and buying enthusiasm
Shanghai Metals Market found that spot aluminium discounts widened across all major Chinese markets on Tuesday, October 9, compared to the previous day. Though sellers continued to hold offers firm and traders became more willing to purchase for long-term contracts yet spot aluminium discounts did...
Japan’s aluminium import from India reportedly boosts amid US sanctions against Rusal
Indian aluminium makers including Hindalco Industries and Vedanta Ltd. are reportedly boosting sales to Japan amid the United States’ lofty import tariffs and sanctions against Rusal. Usually, Japan, being a quality concerned consumer, never regarded the products from India a high enough quality....
Chinese primary aluminium inventories record a surge during week-long National Day Holiday
After a week-long National Day holiday in China, Shanghai Metals Market research team presents an update on the primary aluminium inventory. According to the data shown, the inventories across eight major Chinese consumption areas have grown due to fewer-than-expected cargoes arrival at warehouses....
