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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China aluminium alloy prices drop across regions amid muted buying
Aluminium alloy prices in China domestic market dropped across major regions as buying slowed down in the winter months. Interruption of the movement of trucks due to low temperatures and heavy smog forced end user industry players to limit their buying of aluminium alloys for future operations. As...
SMM projects fall in prebaked anode prices in 2018; A00 ingot prices drop in all major markets
SMM expects the fundamentals of the prebaked anode market to change in 2018, as it may turn to oversupply following a year of surging prices. The shift is being visible in January with a drop in prices and, extension of payment cycle and commissioning of new capacity. Prebaked anode prices in east...
China aluminium market remains passive; SMM projects an oversupplied prebaked anode market in 2018
After showing an upward movement last week due to restocking ahead of the Chinese New Year holiday in mid-February, average aluminium A00 ingot prices in China has closed the week on a lower level at RMB 14450 per tonne. This week has started with a moderate gain and the average A00 ingot prices...
A00 ingot prices show restraint buoyed by the news of first increase in China's GDP growth in seven years
After three consecutive drops, A00 ingot price graph is registering some upward movement. According to Shanghai Metals Market, average A00 ingot price registered some gain today to stand at RMB 14450 per tonne. The prices are expected to move within a range of RMB 14,430-14,470. Spot discount will...
A00 ingot price in China drops further on growing inventory and slow consumption
Aluminium prices in China are under pressure as Chinese inventory grows on slow consumption. As reported by Shanghai Metals Market, Average A00 ingot price dropped further to stand at RMB 14,440 per tonne today from RMB 14,700 and expected to move within a range of RMB 14,420-14,460. Spot discount...
Primary ingot and alloy prices in China drop again; lower domestic prices boost aluminium product exports
As reported by Shanghai Metals Market, Average A00 ingot price dropped RMB 250 per tonne today to stand at RMB 14,700 per tonne and expected to move within a range of RMB 14,680-14,720. Spot discount will range within RMB 120-80 per tonne today. Aluminium ingot prices registered a drop in all...
A00 ingot prices continue to stay low in China, expected to drop further in short term
Primary aluminium ingot price is on a downward curve in China as the positive vibes in the last week of December is fading away and the market is getting concerned about the climbing inventory and the impact it is going to have on the aluminium prices in the first quarter of 2018. Despite the...
Average A00 ingot price registers an increase, alumina falls in South China market
China aluminium prices are struggling to stay up in the face of higher inventory and lower raw material prices. After registering a slight drop yesterday, Average A00 ingot price increases today to stand at RMB 14,770 per tonne and expected to move within a range of RMB 14,750-14,790. According to...
A00 ingot prices drop in China driven by falling prebaked anode price and higher inventory
Despite the continuous struggle to move up, China aluminium prices continue to stay low with support of moving averages and driven by higher inventory. Despite the official number stating that China’s aluminium production dropped in November YoY, the inventory continues to climb up. Independent...
LME aluminium starts 2018 on a firm note; but rising Chinese inventory may stunt growth
LME aluminium marks a strong start to 2018. The light metal contract which had ended at US$2,241.5 per tonne on December 29, rose by 0.6 per cent to close at US$2,256 per tonne on Tuesday, January 2. Technical analysis suggests that LME aluminium will trade higher in the range of US$2,250-2,285 per...
SHFE aluminium drops on the first day of trading; A00 ingot prices follow suit
On the first day of trading, the benchmark aluminium price at Shanghai Metal Exchange (SME) registered slow momentum and dropped to US$2256 per tonne today from US$2,261 per tonne on Friday, December 29. SMM expect the SHFE main aluminium contract to trade at RMB 15,250-15,500 per tonne. Spot...
IBC and NioCorp announce successful completion of initial casting campaign for aluminium-scandium alloys
IBC Advanced Alloys and NioCorp Developments Ltd. announced the successful manufacture of several aluminium-scandium alloy ingots. These test-pours occurred at IBC's Wilmington, Massachusetts Engineered Materials facility using scandium purchased commercially by NioCorp. The ingots, representing a...
A00 ingot and alloy prices in China see some uptrend at the end of the year; alumina stays flat today
Weak alumina prices have not much affected the primary ingot prices in China as the A00 ingot prices have seen another rise across all markets today. Average A00 ingot price stands at RMB 14,380 per tonne today and expected to move within a range of RMB 14,360-14,400 today. Christmas trading...
A00 ingot prices in China show restraint; rangebound is uncertain
Primary ingot prices in China are hovering at a level above RMB 14000 without any strong support after falling drastically at the end of the first week of December. Average A00 ingot price has increased slightly to stand at RMB 14,290/t today from RMB 14,280/t yesterday. As updated by Shanghai...
Aluminium up while alumina on the downward curve in China; output cut assessment to be complete by end of December
The price of A00 ingot in China is continuing its recovery after the fall through November and December. Average A00 ingot price has increased further to stand at RMB 14,310/t on December 20 from RMB 14,180/t on December 19. As updated by Shanghai Metals Market, the primary ingot prices registered...
A00 ingot prices on recovery mode in China, alloy prices see the effect of improved price
The price of A00 ingot in China is on recovery mode after continuous fall through November and December. The change could be seen after the country's National Bureau of Statistics reported that China’s primary aluminium output dropped 16.8% year on year to 2.35 million tonne in November. Though...
A00 ingot prices in China register a rise in all major markets; stocks continue to stay high
Primary ingot prices in China are hovering at a level close to RMB 14000 after falling drastically by the end of the first week of December. Average A00 ingot price has increased to stand at RMB 13,980/t today from RMB 13,920/t yesterday. As updated by Shanghai Metals Market, the primary ingot...
A00 ingot prices show some restraint in China today, slightly up in major domestic markets
Nonferrous metals trading on the SHFE was supported by bullish news yesterday and the upward momentum in the morning continued in the afternoon. After constantly falling since the winter cut started in November, A00 ingot prices in China started showing some upward movements in the first few days...
