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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Alumina spot price in China sees a further decline, while A00 aluminium ingot price grows
After rallying at RMB 2786 per tonne for two days in a row on June 25 and 26, alumina spot price plunged to RMB 2745 per tonne in China today, on June 27, 2018, according to Shanghai Metals Market. The average price is expected to hover at RMB 2745 per tonne. In the east, the alumina price dropped...
Slow downstream consumption and possible work suspension to put pressure on ingot prices in China
As updated by SMM, buyers in the spot aluminium markets in east and south China held back from purchasing on Monday June 25 as future prices fell in the morning. Transactions in Shanghai were mostly heard at RMB 14,080-14,110 per tonne with discounts of RMB 50-40 per tonne against the SHFE 1807...
China’s aluminium inventory sees marginal decline on lower consumption: A00 ingot price dips
The primary aluminium inventory in China, including SHFE warrants, saw a slower decline over the weekend as environment probe deterred downstream consumption. As of June 25, 2018, primary aluminium inventories across eight major consumption areas in China shrank 15,000 tonnes to stand at 1.87...
A00 aluminium ingot price rises marginally, while alumina price shows no change
After showing a restraint yesterday, on June 21, at RMB 14120 per tonne, the average A00 aluminium ingot price saw a marginal growth today, June 22, to RMB 14130 per tonne, according to Shanghai Metals Market. The prices are expected to range between RMB 14110 per tonne and RMB 14150 per tonne,...
A00 aluminium ingot price in China drops again: Alumina spot price remains same
After a rise in A00 aluminium ingot price from RMB 14540 per tonne to RMB 14560 per tonne on June 14 on the face of primary aluminium inventory dip, it dwindled drastically on June 15, to RMB 14340 per tonne, Shanghai Metals Market believed. The prices are expected to range between RMB 14320 per...
China’s A00 ingot price grows on aluminium inventory dip for sixth consecutive week
The primary aluminium inventory in China, including SHFE warrants, continued shrinking marking a sixth consecutive week of decline on June 14, 2018. Compared to the last Thursday when inventory stood at 1.98 million tonnes after shrinking 55,000 from its previous week, today, the inventory...
A00 aluminium ingot price in China dwindles and so is alumina spot price: SMM updates
After a slight rise in average A00 aluminium ingot spot price on June 12, 2018, from RMB 14720 per tonne to RMB 14750 per tonne, it dropped again to RMB 14540 per tonne on June 13, according to Shanghai Metals Market. The prices are expected to range between RMB 14520 per tonne and RMB 14560 per...
Aluminium inventory dips for five consecutive weeks on fewer deliveries; ingot prices on a higher range
As reported by Shanghai Metals Market, China's primary aluminium inventory, including SHFE warrants, shrank 55,000 tonne from last Thursday to stand at 1.98 million tonne as of Thursday June 7. The commissioning of new production capacity slowed down and fewer deliveries arrived at warehouses in...
Average A00 aluminium ingot price rises after a short downfall previous day: SMM
The average A00 aluminium ingot price surged on Wednesday, June 6, 2018, to close at RMB 14640 per tonne after a fall on the previous day from RMB 14550 per tonne to RMB 14520 per tonne, according to Shanghai Metal Market (SMM). The prices are expected to range within RMB 14620 per tonne to RMB...
Average A00 aluminium ingot price sees a drop: Alumina spot price remains same
According to Shanghai Metal Market, the average A00 aluminium ingot price plunged on June 5, 2018, from RMB 14550 per tonne to RMB 14520 per tonne. The prices are expected to range within RMB 14500 per tonne to RMB 14540 per tonne, with spot discounts remaining same at RMB 70 per tonne to RMB 30...
Average A00 aluminium ingot price surges on a lower primary aluminium inventory in China
After a fall on 1st of June, 2018, from RMB 14610 per tonne to RMB 14490 per tonne, the Shanghai Metal Market observed a surge in average A00 aluminium ingot price, reaching up to RMB 14550 per tonne on June 4, 2018. This indicates that the price today, on June 4, grew higher than June 1 but stood...
Sellers show restraint in spot aluminium market in East China: A00 aluminium ingot price dips
According to the update by Shanghai Metal Market, sellers in the spot aluminium market in East China showed reluctance in offloading their cargoes on Tuesday, May 29, 2018. Supply was, therefore, down from the previous day and spot discounts slightly narrowed. The SHFE 1806 contract fell as low as...
Inalum’s 2017 net profit stands at Rp1.5 trillion
Indonesia's state-owned aluminium producer PT Indonesia Asahan Aluminium (Inalum) has produced 215,192 tonnes and 3,625 tonnes of aluminium ingots and billet and alloy respectively in 2017, according to news reported by ANTARA news. The company has produced 73,315 tonnes of aluminium ingots and...
A00 aluminium ingot price surges two days in a row: Alumina spot price remains unchanged
Today, May 25, 2018, is the second day in a row that average A00 aluminium ingot price witnessed a surge from RMB 14570 per tonne, as on May 24, 2018, to RMB 14670 per tonne, according to Shanghai Metal Market. The prices are expected to range between RMB 14650 per tonne to RMB 14690 per tonne,...
China’s aluminium inventory reports greater week-on-week decline: A00 ingot price surges
The Chinese market has been reported witnessing a steady downstream consumption against fewer deliveries to warehouses over a period of time. As a consequence of which, primary aluminium inventory is incessantly recording a plunge, indicating a balance maintained between production, supply, and...
East China sees steady procurements in spot aluminium market: A00 ingot price shrinks
According to data updated by Shanghai Metal Market, spot aluminium discounts stood firm and thus, traders and downstream consumers in the spot aluminium market made stable procurements in east China on Tuesday, May 22, 2018. SHFE 1806 contract also traded weakly range-bound in the morning....
China’s aluminium inventory records largest week-on-week decline: A00 ingot price dips again
Aluminium inventory had been plunging over a week but Thursday, May 17 broke all the record of the year 2018, as it witnessed the largest week-on-week decline. According to Shanghai Metal Market, China’s inventory of primary aluminium, including SHFE warrants, fell 58,000 tonnes to stand at 2.138...
Average A00 aluminium ingot prices on the rise on growing demand and high input cost
At Asia Metals Seminar, jointly organised by Shanghai Metal Market, Bloomberg and HKEX on Tuesday, May 15, 2018, Ian Roper, general manager of SMM Singapore was of opinion that SHFE aluminium prices would likely to remain on the cost curve this year, while alumina prices would be dependable on the...
