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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Spot aluminium market in east China sees active trading on price drop; billet inventories record a rise again
Spot aluminium trading in east China spurred a bit on Thursday, August 16, than the previous day as drops in SHFE aluminium prices generated some purchases from downstream consumers, found Shanghai Metals Market. The SHFE September contract traded range-bound at RMB 14380 per tonne to RMB 14390 per...
A00 aluminium ingot price drops in China despite a W-o-W fall in primary inventory
According to the latest update by Shanghai Metals Market, primary aluminium inventories across major consumption areas in China has recorded a further fall this week with limited arrivals. Stocks across eight consumption areas, including SHFE warrants, shrank around 14000 tonnes from last Thursday,...
A00 aluminium ingot price drops in China but no change seen at input costs
Amid increasing raw material prices and dipped primary aluminium social inventory in China, A00 aluminium ingot price has been on a rising trend since the beginning of August, except a few intermittent drops. According to the latest update from Shanghai Metals Market, the ingot price has again...
Primary aluminium trading in east China stands narrow against the surged price
Trading in the spot aluminium market in east China stood narrow on Thursday, August 9, compared to the previous day as surging prices jeopardised downstream consumers’ buying interest, Shanghai Metals Market learned. According to SMM, A00 aluminium ingot price clocked a significant hike right from...
A00 ingot price shows restraint against narrow aluminium trading activity in south China
According to the latest update by Shanghai Metals Market, south China on Tuesday, August 7, saw a narrow trading activity in the spot aluminium market, though slightly better than the previous day. But the SHFE August contract edged lower in the morning, Most transactions in Guangdong were heard at...
Primary aluminium price hikes further amid lowered inventory on limited supplies
China’s inventory of primary aluminium had been consistently registering a drop due to limited supplies from smelters. Today, August 6, showed no exception either. The inventory, including SHFE warrants, dropped 5000 tonnes from Thursday, August 2, to stand at 1.776 million tonnes as of August 6,...
A00 aluminium ingot price grows on declining inventory due to limited arrivals; alloys price remains unchanged
Primary aluminium inventory across eight major consumption areas in China, including SHFE warrants, shrank 14,000 tonnes further from last Thursday, July 26, to stand at 1.78 million tonnes as of Thursday, August 2, 2018, Shanghai Metals Market research found. Limited arrivals from smelters...
Weiqiao raises its pre-baked anode purchasing price while ingot price shrinks despite narrow spot discounts
After seven consecutive months of decline, Weiqiao Group has raised its purchasing prices for pre-baked anode by RMB 180 per tonne for August. The price is now standing at RMB 3280 per tonne in cash and RMB 3135 per tonne on acceptance, according to the latest update by Shanghai Metals Market. SMM...
Average A00 aluminium ingot price grows amid inventory hike in China
Primary aluminium inventory in China continued to shrink over the weekend ended on July 30, 2018, as consumption was bolstered by exports despite a low season in the domestic market, Shanghai Metals Market research found. The inventory across eight major consumption areas, including SHFE warrants,...
Primary aluminium price sees a further surge despite narrow trading activities in the east China
According to the latest update by Shanghai Metals Market, larger aluminium spot discounts have resulted in narrow trading activities in the east China spot aluminium market as sellers there showed slight reluctance in offloading cargoes on Tuesday, July 24. Yesterday, spot discounts in the east...
Aluminium ingot price registers hike two days in a row backed on increasing alumina spot price: SMM
After a fall on last Friday, April 20, A00 aluminium ingot price recorded a rise in two consecutive days this week. On April 23, the price increased right from RMB 13910 per tonne to RMB 14070 per tonne, followed by a further hike to RMB 14120 per tonne today, April 24, Shanghai Metals Market...
China’s primary inventory rise over the weekend results in A00 aluminium ingot price fall
After an incessant fall over the past ten consecutive weeks, China’s inventory of primary aluminium across eight major markets, including SHFE warrants, inched up 17000 tonnes over the weekend ended on July 16, 2018, to stand at 1.82 million tonnes, Shanghai Metal Market data showed. On last...
Stable alumina buoys aluminium ingot price three days in a row
The A00 aluminium ingot spot price continued to rise three days in a row since July 6, 2018, according to the data by Shanghai Metals Market. Today, as of July 10, the ingot price raised RMB 20 per tonne to stand at RMB 14010 per tonne, compared to RMB 13990 per tonne on July 9 after growing from...
Metalcorp Group announces acquisition of 100% shares in Stockach Aluminium
Metalcorp Group, a globally operating provider of procurement, logistics and trade services in the ferrous and non-ferrous sectors and one of Europe’s leading independent producers of secondary aluminium ingots, has announced that it has successfully completed its acquisition of the remaining 50...
China’s primary aluminium inventory drops slower W-o-W: Ingot price rises
China’s inventory of primary aluminium across eight major markets continued to dip over the weekend. According to Shanghai Metals Markets, including SHFE warrants, the inventory dropped 6,000 tonnes to stand at 1.83 million tonnes, as of Monday, July 9, 2018. A slowdown in downstream consumption...
China’s primary inventory continues to decline slower on narrow consumption
The decline in China’s social inventory of primary aluminium continued to slow down over the week ended July 5, 2018, according to the data showed by Shanghai Metals Market. This could be attributed to the slowdown in consumption, resulting in suppressed purchasing interest among downstream...
Aluminium demand in North America up 4.7% YoY in the first four months of 2018; imports up 8.1%
Preliminary estimates from Aluminum Association indicate that the total aluminium demand in the United States and Canada (shipments by domestic producers plus imports) stood at an estimated 4.3 million tonnes through April 2018, up 4.7% over the same period of 2017. Demand for aluminium...
China’s inventory declines slower W-o-W on limited downstream procurement: ingot price falls
China’s social inventory of primary aluminium continued to decline over the weekend ended on July 2, 2018, but on a slower rate. According to Shanghai Metals Market, including SHFE warrants across eight major Chinese markets shrank only 9000 tonnes from last Thursday, June 28, to stand at 1.84...
