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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A00 ingot prices continue downward trend in China; analysts forecast demand-supply balance in the second half of 2018
A00 ingot prices in China are constantly falling after the winter cut started in November. Experiencing few significant drops since the last week of November, average A00 ingot price today stands at RMB 13,920/t. As updated by Shanghai Metals Market, the primary ingot price registered a drop of...
China aluminium alloy prices climb higher as A00 ingot become costlier by RMB180/t
Aluminium alloy prices in major markets of China increased by RMB 50 per tonne after A00 aluminium ingot rose higher by RMB 18- per tonne on Tuesday, December 5. The rise in aluminium product prices in the primary and downstream sectors can be attributed to China’s Caixin PMI of service industry...
China aluminium alloy prices increase in tandem with A00 ingot on encouraging Nov PMI data
Aluminium alloy prices in major markets of China improved slightly after 4-days of consecutive decline since November 27. From RMB 16,150 per tonne on Monday, the average aluminium alloy price has declined to RMB 15,850 per tonne, as on November 30. Today, Aluminium Alloys (ADC12) price has...
China alumina spot prices fall in tandem with bauxite prices
China alumina spot prices fell for the second day in a week after registering a drop this Monday. As updated by Shanghai Metals Market, average alumina spot price in China domestic market stood at RMB 3480 per tonne on November 28, down from RMB 3496 per tonne on November 27. The spot alumina...
Aluminium imports in North America were up 25% in the first three quarters of 2017
The Aluminum Association, in cooperation with the Aluminium Association of Canada reported that the total primary aluminium production in U.S. and Canada was at an annual rate of 3,947,875 tonnes during October 2017, up 5,279 tpy (+0.1%) over the September 2017 rate of 3,942,596 tonnes. The...
A00 ingot prices in China continue downward trend, the industry awaits winter capacity cut
A00 ingot prices in China drop across all markets driven by poor consumption and increasing stock. The capacity cut till date has not been able to change the inventory scenario substantially till date. As updated by Shanghai Metals Market, average A00 aluminium ingot price has dropped further to...
A00 ingot and alloy prices continue downward trend in China, raw material prices remain unchanged
A00 ingot prices in China drop across all markets driven by poor consumption and increasing stock. The winter capacity cut has not been able to change the scenario substantially till date. As updated by Shanghai Metals Market, average A00 aluminium ingot price has dropped RMB 260/t from RMB...
North American aluminium shipment drops in September; YTD shipment slightly up YoY
According to the latest report from Aluminium Association, aluminium net shipments including exports by domestic U.S. and Canadian facilities stood at an estimated 987500 tonnes during September, off 5.6 per cent from the September 2016 total of 1 million tonne. Shipments of aluminium mill products...
Prebaked anode price sees a rise in major Chinese markets today; A00 ingot fluctuates alternatively
We learnt on October 31 that prebaked anode sales price in Shandong for November delivery may rise up to RMB 150 /tonne. Carbon plants and Weiqiao Group have been so far under negotiation over prebaked anode prices in November. Today, the average price of prebaked anode price in the Central China...
Weak downstream consumption turns SHFE aluminium bearish; A00 ingot sees some rise today
After the deep plunge yesterday, average prices of A00 aluminium ingot have seen some rise across all markets today on November 3. The price volatility is mostly attributed to slow downstream demand and growing stocks despite the winter capacity cut programme. Average A00 aluminium ingot price has...
A00 aluminium ingot price plunges below RMB 16,000; alloy prices follow suit
As updated by Shanghai Metals Market, average Prices of A00 aluminium ingot have plunged significantly across all markets today on November 2 after yesterday’s rise. The price drop is mostly attributed to slow downstream demand and growing stocks despite the winter capacity cut programme. Average...
Prebake anode prices in China may see some rise in November; A00 ingot price registers a slight rise today
As updated by Shanghai Metals Market, primary aluminium output in China reaches 24.66 million tonnes, rising 5% in the first three quarters of 2017. Since September many aluminium enterprises have raised operative capacity based on optimistic anticipation on upcoming peak season of end consumption....
China aluminium stock up on sluggish demand, SHFE aluminium to move in a lower range
SMM statistics showed Aluminum stocks in China’s seven major markets rose again as a result of poor downstream consumption after last week’s big fall. Compared to October 27, on October 30, the inventories in China’s major market have seen a rise: As updated by Shanghai Metals Market, average...
Aluminium inventories in China still at record highs, capacity cut to keep aluminium prices firm
According to an SMM update, inventories of aluminium on the SHFE in the week ending Oct. 27 stand at 636,270 tonnes, up 20,900 tonnes from last week. A stronger dollar weighed down base metals on last Friday’s night trading and base metals are expected to trade in a wider range in the short term....
Aluminium alloy prices up across China;, downstream players under impact of environmental check
In china, supply of aluminium continues shrinking due to the strict reforms. Chinese aluminium industry is bent on seeing a blue sky over Shanghai and all other provinces during this winter. The inventories are declining and effect of production reduction is slowly taking shape. SHFE Base Metals...
A00 ingot prices up in China, SHFE Aluminium looks for direction to rise beyond moving average
With the introduction of reduction plan for alumina and aluminium during heating season and tightness in coal market because of supply-side reforms, China’s aluminium price is getting strong support in the market. SMM is of the view that in the short term, with recovered consumption and production...
A00 aluminium and alloy ingot prices up across China markets, prebaked anode rises in Southwest China
According to Shanghai Metals Market, base metals in China finished in the positive territory. Prices in China’s market are expected to hold stable before the upcoming 19th CPC National Congress that is starting on October 18. A00 aluminium ingot prices are up across all major markets after two...
North American aluminium demand up through the first seven months of 2017
According to the preliminary estimates from Aluminum Association Monthly report aluminium demand in the United States and Canada (shipments by domestic producers plus imports) totalled an estimated 7.2 million tonnes through the first seven months of 2017, up 4.2% over the same period last year....
