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 inventories plunge in Guangdong on fewer deliveries: Ingot spot price witnesses a surge
According to Shanghai Metal Market report, spot aluminium inventories in Guangdong province in China plunged 16,000 tonnes on Monday, May 14, 2018, from a week ago with fewer deliveries. Inventories declined, owing to the rise in production of molten aluminium and as busbars in newly added...
Growing shipments in China drive a plunge in aluminium inventory: A00 aluminium ingot price dips as well
As shipments grew in some of the major Chinese markets like Wuxi and Foshan, China’s primary aluminium inventory again shrank from 2.21 million tonnes on May 7, 2018, to 2.196 million tonnes on Thursday, May 10, 2018, according to Shanghai Metal Market. On May 7, the inventory had risen from 2.2...
Downstream consumers stockpiling more on ingots than billets; major alloy prices remain unchanged
Aluminium downstream players started stockpiling raw material in the last week and continuing to do so until this week, resulting in active trading at aluminium spot market across East and South China, Shanghai Metal Market research found. Traded prices for aluminium billet processing fees,...
China’s A00 aluminium ingot price sees a growth; alumina price plunges on the other hand
Although the average A00 aluminium ingot price witnessed a dip to RMB 14330 per tonne on 2nd of May, 2018 from RMB 14430 per tonne on 27th of April, it restored and secured a marginal growth to RMB 14390 per tonne just a day after i.e. on 3 rd of May, 2018. The price was up from May 2 but down from...
A00 aluminium ingot price up marginally on SMM, alumina price remains stable
The average A00 aluminium ingot price has risen up marginally on Shanghai Metal Market on 27 th of April, 2018, from RMB 14360 per tonne to RMB 14430 per tonne. The prices are expected to range between RMB 14410 per tonne and RMB 14450 per tonne, with spot discounts to settle at RMB 20 to RMB 60...
China’s aluminium inventory dips further on shrinking future price
After a decline of aluminium inventory on 23 rd of April 2018, from 2.248 million tonnes to 2.231 million tonnes, it witnessed a further plunge to 2.21 million tonnes on Thursday April 26, 2018, down 21,000 tonnes from 2.231 million tonnes on April 23 and RMB 38,000 tonnes from 2.248 million tonnes...
Average A00 aluminium ingot price declines today, input costs remain unchanged: SMM update
After witnessing a marginal rise from RMB 14870 per tonne to 14940 per tonne on April 23, 2018, the average A00 aluminium ingot price reversed its course to close at RMB 14480 per tonne today April 24, 2018, according to Shanghai Metal Market. The prices are expected to range between RMB 14460 per...
Aluminium ingot production in Iran registers 340,000 tonnes: FY2017-18
According to Iran’s annual performance report of aluminium sector FY2017-18, released by Iranian Mines and Mining Industries Development and Renovation Organization (IMIRDO) today April 23, 2018, about 340,000 tonnes of aluminium ingots were produced over the year, with the production capacity of...
Metalcorp plans to invest at its BAGR Berliner Aluminiumwerk
Metalcorp Group B.V., one of the leading manufacturers of secondary aluminium ingots in Europe, has planned to make investments in a second continuous casting line and a homogenisation plant at BAGR Berliner Aluminiumwerk GmbH. BAGR Berliner Aluminiumwerk GmbH specializes in producing rolling slabs...
Strong future prices of aluminium give rise to trading in China’s spot market
With an incessant rise in aluminium future price in China as a consequence of US sanctions against Rusal, a large number of brokers and downstream consumers are becoming keen to purchase and stock aluminium for their future use, thereby, contributing to an enthusiastic trading activity in China’s...
Aluminium stock prices soaring high, so as average A00 aluminium ingot: SMM learned
Amid soaring aluminium prices across the globe, aluminium companies in China are indeed savouring propitious time as their stock prices reach the highest level. Shanghai Metal Market learned early this morning 19 th of April, 2018 that the stock prices of Aluminium Corporation of China (Chalco)...
A00 aluminium ingot price sees no further change, while alumina registers a hike
After the stupendous surge in average A00 aluminium ingot price from RMB 14450 per tonne to RMB 14720 per tonne on April 17, 2018 on the occasion of aluminium production rise to 8.12 million tonnes in China in the first quarter of 2018, it again remained unchanged on April 18, 2018, Shanghai Metal...
Average A00 aluminium ingot price surged on rising aluminium production
On 0.3 per cent increase in aluminium production over past three months this year totalling 8.12 million tonnes in China, average A00 aluminium ingot price surged once again across all major Chinese markets and closed at RMB 14720 per tonne after remaining unchanged at RMB 14450 from April 13 to...
China's aluminium inventory drops while average A00 aluminium ingot price remains unchanged
After swinging between 2.231 million tonnes and 2.227 million tonnes over a week, China’s aluminium inventory dropped further to 2.216 million tonnes, according to Shanghai Metal Market on April 16, 2018. This is 15000 million tonnes down from 2.231 million tonnes recorded on April 12, 2018....
China’s inventory rose again, while ADC12 aluminium alloys export price stood lowest
China’s inventory of refined aluminium has been oscillating between 2.231 million tonnes and 2.227 million tonnes since more than a week. After a plunge to 2.227 million tonnes on April 8, 2018, the inventory including SHFE warrants once again soared to 2.231 million tonnes on Thursday April 12,...
China’s average A00 aluminium ingot price dwindled, whereas aluminium share price surged
Owing to the unwillingness of East China sellers to move following the rebound of the SHFE 1806 contract, trading in China’s aluminium spot market dipped on Wednesday April 11, 2018, learned Shanghai Metal Market. As a result, the average A00 aluminium ingot price dropped drastically from RMB...
Russia's revenue from aluminium export increased about 113% YoY in 2017; to get a blow from U.S. sanctions in 2018
The sanctions imposed on Rusal and its main owner, metals magnate Oleg Deripaska is creating huge concern in the world aluminium market. According to data by LME on Monday April 9, Eastern Europe accounted for 36% of LME aluminium inventories, the majority of which is supplied by Russia. The...
Average A00 aluminium ingot price rose further while alloys price remained steady: SMM learned
Average A00 aluminium ingot price seems to be on a rising spree amidst an overall positive sentiment in the China market, where there’s a balance forming between production and consumption resulted in aluminium inventory and output plunge and input costs’ steady escalation. After a sharp rise from...
