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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Indonesia’s Inalum exports 20 thousand tonnes of aluminium to Malaysia
Indonesia’s primary aluminium producer PT Inalum (Persero) has exported 20,000 tonnes of aluminium ingots to Trafigura Pte. Ltd, in Port Klang, Malaysia. President- Director of Inalum Budi G. Sadikin said the export of aluminium ingots to Malaysia is a real step to make the company a leading global...
Aluminium billet inventories in China inch up on limited restocking; Alloy price registers a drop
Aluminium billet inventories have extended their growth further on less than expected restocking across the major Chinese consumption areas, found Shanghai Metals Market. As of September 27, the stocks of 6063 aluminium billet were seen at 117,200 tonnes after inching up by 1,000 tonnes from...
Aluminium imports by the US and Canada drop 6.3% during January-July 2018; exports up 13%
According to the statistics are derived from customs data released by the U.S. and Canadian governments, imports of aluminium ingot, scrap and mill products into the U.S. and Canada (excluding cross-border trade) totalled 372 thousand tonnes in July 2018, down 13.8 per cent from the July 2017 total...
A00 aluminium ingot spot price drops in east China market on improved transactions
According to the Shanghai Metals Market report, primary aluminium spot discounts in the east China market had slightly widened yesterday, September 25, after the Mid-Autumn Festival. The market was oversupplied amid sellers’ enthusiasm to offload cargoes. Purchasing activity, however, had taken a...
Aluminium Stewardship Initiative certifies AMAG Austria Metall AG
AMAG Austria Metall AG is the first integrated recycling, casting and rolling plant and third company to receive certification under the Aluminium Stewardship Initiative (ASI). ASI’s certification program focuses on responsible production, sourcing and stewardship of aluminium. AMAG offers its...
A00 aluminium ingot price in China extends a surge today on sluggish inventories
Primary aluminium inventories in China have once again recorded a plunge on September 20 because of improved consumption. According to the report from Shanghai Metals Market, the inventories across eight major consumption areas, including SHFE warrants are hovering at 1.623 million after being...
Chinese A00 aluminium ingot price climbs RMB 30 per tonne after two consecutive days of decline
After declining two days in a row, the A00 aluminium ingot spot price spurs yet again on September 19, by RMB 30 per tonne, Shanghai Metals Market found. A day before, the price was at 14430 per tonne while today the price has concluded at RMB 14460 per tonne. The average prices are expected to...
Inalum’s aluminium output stands at 161,217 tonnes in the first eight months of 2018
The state mining holding company Indonesia Asahan Aluminium (Inalum) has released today, on September 12, its metals output and sales data for the period January-August 2018. Against the expected production of 248,426 tonnes in the entire year of 2018, the company’s output from January to August is...
A00 aluminium ingot price records a slump today backed on weakened alumina cost
According to the latest update from Shanghai Metals Market on September 12, the A00 aluminium ingot price has dipped by RMB 120 per tonne to stand at RMB 14500 per tonne. As per the data found by SMM, the average expected price today is likely to range between RMB 14480 per tonne and RMB 14520 per...
A00 aluminium ingot price climbs on lowered inventories; Aluminium billet stocks hike on tepid consumption
According to the latest update by Shanghai Metals Market, primary aluminium inventories across major consumption areas in China shrank over the week as downstream consumers increased purchases to restock on lowered spot prices. As of Thursday, September 6, stocks across eight consumption areas,...
Primary aluminium price narrows further across all major Chinese markets
The price spread of primary aluminium between Henan province and Shanghai narrowed to RMB 90 per tonne on Wednesday, September 5, from RMB 140 per tonne at the end of August. The followed after aluminium processing plants in Gongyi, Henan resumed production from environmental curbs during...
A00 aluminium ingot price continues to decline; Pre-baked anode price in Central China records sweeping growth
The A00 aluminium ingot price continues to decline across China. The A00 aluminium ingot price dropped RMB 30 per tonne to RMB 14690 per tonne on Tuesday, September 4, 2018, from RMB 14720 per tonne on September, 3, 2018. The prices are expected to range between RMB 14670 per tonne and RMB 14710...
A00 aluminium ingot price dips in China despite weakened inventories; Pre-baked anode price grows high
After gaining over the last week ended on Thursday, August 30, the primary aluminium inventories across eight major consumption areas in China shrank over the weakened as limited deliveries arrived, Shanghai Metals Market learned. As of today September 3, the primary aluminium stocks, including...
China shut 730,000 tonnes of primary aluminium capacities; ingot price extends plunge
Shanghai Metals Market research found that some 730,000 tonnes of primary aluminium capacities across China closed during June-August because of high costs and relatively low prices of aluminium. Capacities belonged to five aluminium manufacturers, including Shaanxi Tongchuan Aluminum, Lanzhou...
A00 aluminium ingot price dips on gaining inventories due to increasing supplies and weak consumption
The primary aluminium inventories across eight major consumption areas in China have extended gains over the week as arrivals rebounded and consumption in Guangdong weakened, Shanghai Metals Market found. As of today, August 30, stocks, including SHFE warrants, have grown by some 9000 tonnes from a...
A00 aluminium ingot price in China extends its surge over the weekend on continued tight supply
The A00 aluminium ingot spot price has extended its surge over the weekend, ending on August 27, from RMB 14610 per tonne, as of August 24, to RMB 14650 per tonne, Shanghai Metal Market found. The average prices are expected to range between RMB 14630 per tonne and RMB 14670 per tonne, with spot...
Primary aluminium inventories extend W-o-W drop in China on limited supplies and active downstream purchases
Limited arrivals to the warehouses and active downstream purchases still continue in China, resulting in a week-on-week decline in primary aluminium inventories across eight major consumption areas. Stocks, including the SHFE warrants, shrank 23,000 tonnes from last Thursday, August 16, to stand at...
A00 aluminium ingot price records a sweeping growth today in the Chinese market
Backed on continued price growth of alumina and steady movement of other input costs, A00 aluminium ingot spot price today, on August 21, has recorded a sweeping surge to RMB 14550 per tonne, Shanghai Metals Market found. Yesterday, on August 20, the price had shown a little bearish sentiment...
