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
Pre-baked anode prices decline due to re-stocking by smelters; A00 aluminium ingot price sees a sharp hike
As updated by Shanghai Metal Market, pre-baked anode prices are experiencing a decline on 4th month in a row. As per the update, Weiqiao Group has negotiated with its suppliers to lower the purchasing price by RMB 300 per tonne for April and closed it at RMB 3,590 per tonne. This indicates that an...
China’s aluminium inventory dwindled again for the second week; SHFE recorded a price rise
China’s refined aluminium inventory has been exhibiting a drop for past two weeks owing to more and more consumption of downstream products in the market. According to the Shanghai Metal Market data, China’s aluminium inventory including SHFE warrants hovered at 2.23 million tonnes on Monday April...
Iran’s exports of aluminium drops year-over-year
Iran produced over 309,007 tonnes of aluminium ingots in the first eleven months of the current Iranian year (March 20-Feb. 20), according to the data released by the Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO). Iran has been following a downward pattern for...
Aluminium prices struggle to stay rangebound in China with no strong market fundamentals and drop in input cost
China's winter heating season ended on Thursday February 15 with less than expected results. China's aluminium production fell 1.8 per cent in January-February from a year earlier, as the country's pollution crackdown and supply-side reform kicked in. However, an estimated 4.4 million tonnes of new...
A00 aluminium ingot price shows temporary restraint; to be under pressure in short term due to sluggish demand
China aluminium prices continue downward trends with temporary signs of restraint. As updated by Shanghai Metals Market, today’s average A00 ingot price stands at RMB 13,720 per tonne and is expected to trade in a range of RMB 13700 – 13740 per tonne with a discount of RMB 90-50 per tonne. This...
A00 ingot prices register a slight gain today, expected to pick up with the approach of high season
With the growing domestic aluminium inventory and slow demand, both alumina and aluminium prices in China registered fall yesterday. However, China has registered a rise in prices of A00 aluminium ingot prices today. Primary aluminium ingot price also increased across all markets. Average A00...
Weiqiao Group lowers prebaked anode price on sluggish demand; A00 ingot prices remain flat
As updated by Shanghai Metals Market on the face of growing inventory and slow demand from smelters Weiqiao Group has lowered its prebaked anode purchasing price by RMB 200 per tonne for March at RMB 3,890-4,050 per tonne delivered. The March price followed an RMB 150 per tonne cut for February....
A00 aluminium ingot prices gain in China on active trading; raw materials remain flat
After staying passive since the reopening of trading after the Chinese New Year Holidays, buying started getting active in the aluminium physical market on Tuesday February 27. As said by Shanghai Metals Market, active trading has narrowed spot discounts. After a moderate gain yesterday, average...
A00 ingot price drops in a primarily passive China market; raw material and alloy prices remain flat
According to Shanghai Metal Market, SHFE’s aluminium inventory jumped to a record high at 811,839 tonnes as on Friday February 23, as shown by SHFE data. The stocks have been rising every week since late June 2017 and it is mostly driven by lower consumption by domestic manufacturers. There is no...
A00 ingot prices gain while spot alumina falls after the Chinese New Year Holidays
As reported by Shanghai Metals Market A00 ingot price has gained substantially today with the pickup of trading after the Chinese New Year Holidays. Average Aluminum Ingot prices have gained to stand at RMB 13,940 per tonne. The prices are expected to move within a range of RMB 13,920-13,960. Spot...
Inventory climbs up and A00 ingot prices drop after the Chinese New Year holidays
Trading starts in China at a sluggish pace after the Chinese New Year and there is no such significant movement in the prices of commodities and the raw materials other than the substantial drop in A00 aluminium ingot prices. According to Shanghai Metals Market, China’s social inventory of refined...
China market latest update: trading will be off due to Chinese New Year holiday
Since the Chinese Exchange closes on the spring festival holidays from February 15, to February 21, 2018, there is no latest price update for China today. As on February 14, aluminium Ingot prices remain unchanged at RMB 14,010 per tonne. In the individual markets, average A00 ingot prices register...
Average A00 ingot price in China remains flat today; trading expected to pick up after the holidays
As updated by Shanghai Metals Market, China’s aluminium inventory after Chinese New Year Holiday may continue to go up to 2.1 million tonnes from the present volume of 1.8 million tonnes. Sluggish trading and weak consumption ahead of the week-long holiday has accumulated the stocks, and it is a...
Sluggish trading raises primary aluminium inventory in China; A00 ingot price drops across all markets
Sluggish trading ahead of the Chinese New Year holiday next week is keeping the Chinese market passive and there is no such significant movement in the prices of commodities and the raw materials. According to Shanghai Metals Market, China’s social inventory of refined aluminium including SHFE...
A00 ingot price registers a moderate gain today; SHFE contract expected to remain firm
Notwithstanding the absence of any strong fundamentals, average price of A00 ingot have registered a moderate gain today to stand at RMB 14,090 per tonne. The prices are expected to move within a range of RMB 14,070-14,110. Spot discount will range within RMB 130-90 per tonne today. Average A00...
China's aluminium output down 1.7% in January due to falling aluminium prices and power disruptions
The Chinese market is lying low due to the absence of any strong fundamentals. Average A00 ingot prices have registered a slight drop today to stand at RMB 14,070 per tonne. The prices are expected to move within a range of RMB 14,050-14,090. Spot discount will range within RMB 130-90 per tonne...
A00 ingot prices fall further on lack of strong fundamentals; raw material prices remain flat
Fundamentals for the lightweight metal remain weak in China. There is lack of activities in the market and domestic prices for most of the raw materials and primary metal remain flat. The market is expected to pick up before the Chinese New Year holidays. After a moderate gain, average A00 ingot...
A00 ingot prices slightly down today; aluminium inventory remains flat from last week
According to Shanghai Metal Market data, China’s social inventory of primary aluminium including SHFE warrants stood at 1.76 million tonnes on Thursday February 1, slightly down by 2,000 tonnes from a week ago. Logistics constraints have impacted some deliveries in January. However, SMM learned...
