The London Metal Exchange (LME) aluminium price faltered across the pricing and contract segments on the September 2 close. The trend reflected a contrast of the surge reported in the September 1 session . The LME aluminium cash bid pulled back by 0.18 per cent day-on-day on September 2, down to...
The London Metal Exchange (LME) aluminium price chart recovered on the August 28 trading session across the pricing and contract segments compared to the August 27 close. On the inventory side, opening stocks and live warrants remained stable for three consecutive sessions. The LME aluminium cash...
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Futures market: Overnight, the most-traded SHFE aluminium 2505 contract opened at RMB 20,455 per tonne, with a high of RMB 20,520 per tonne, a low of RMB 20,430 per tonne, and closed at RMB 20,520 per tonne, up RMB 80 per tonne, or 0.39 per cent. Yesterday, LME aluminium opened at USD 2,509 per...
Approaching the end of March, domestic aluminium ingot inventory plummeted by 25,000 tonnes mid-week, nearing the 800,000 tonnes mark. According to SMM statistics, on March 27, the inventory of aluminium ingots in major domestic consumption areas was 802,000 tonnes, with 676,000 tonnes being...
SHFE aluminium opened higher this morning but then fluctuated and dropped back slightly. The spot market was stimulated by continued destocking, coupled with insufficient arrivals, leading suppliers to stand firm on quotes and narrowing spot discounts. Downstream purchasing was generally as needed,...
Today, the most-traded SHFE aluminium 2505 contract opened at RMB 20,650 per tonne, with a high of RMB 20,770 per tonne, a low of RMB 20,570 per tonne, and closed at RMB 20,705 per tonne, up 0.27 per cent. Trading volume was 10,600 lots, and open interest was 240,000 lots. Image for...
According to data from March 14, the weekly domestic port arrivals of bauxite reached 4.145 million metric tons, reflecting a week-over-week increase of 256,000 tonnes. Meanwhile, the weekly departures of bauxite from Guinea's main ports totalled 4.593 million tonnes, an impressive rise of 1.375...
Futures Market: Overnight, the most-traded SHFE aluminium 2505 contract opened at RMB 21,060 per tonne, hitting a high of RMB 21,100 per tonne and a low of RMB 20,945 per tonne, and closed at RMB 20,970 per tonne, up RMB 5 per tonne or 0.02 per cent. On Wednesday, LME aluminium opened at USD 2,704...
The aluminium trade scammer involved in the metal inventory fraudulence in China that havocked more than USD 1 billion in losses nationwide businesses has been sentenced to life imprisonment by a judicial court in the eastern province of Zhejiang. Image for representational purposes only Chen Xi,...
Today, the most-traded SHFE aluminium 2504 contract opened at RMB 20,905 per tonne, with a high of RMB 20,925 per tonne, a low of RMB 20,615 per tonne, and closed at RMB 20,845 per tonne, down 0.12 per cent. Trading volume was 17 lots, and open interest was 172,000 lots. SMM Comments: On the macro...
Today, the most-traded SHFE aluminium 2504 contract opened at RMB 20,600 per tonne, with a high of RMB 20,660 per tonne and a low of RMB 20,560 per tonne, closing at RMB 20,620 per tonne, up 0.22 per cent. The trading volume was 77,000 lots, and the open interest was 183,000 lots. SMM Comments: The...
China's aluminium industry remains the world's largest, driven by high production capacity and growing downstream demand. However, rising inventories, fluctuating raw material costs, and cautious buyer sentiment are shaping market dynamics. Despite challenges, facility expansions and policy shifts...
In late February, domestic aluminium inventory still showed no significant improvement, with inventory buildup remaining on the "fast track." The recent upward trend in aluminium prices has also been somewhat hindered by inventory performance. According to SMM data, as of February 24, 2025, the...
PV aluminium extrusion: Recently, the PV aluminium extrusion industry has seen a rebound in orders driven by policy support and demand boosts from distributed installations. SMM survey shows that leading enterprises have experienced an increase in order volumes compared to the beginning of the...
In the early trading session, SHFE aluminium front-month contract fluctuated. As it was the weekend, downstream restocking combined with active trading by traders improved the activity in the spot market today. Specifically, in East China, trading was active, and spot discounts remained unchanged...
Today, the most-traded SHFE aluminium 2504 contract opened at RMB 20,550 per tonne, with a high of RMB 20,680 per tonne and a low of RMB 20,540 per tonne, closing at RMB 20,615 per tonne, up 0.34 per cent. The trading volume was 145,000 lots, and the open interest was 204,000 lots. On the macro...
Futures: Yesterday, the SHFE aluminium 2504 contract opened at RMB 20,865 per tonne, peaked at RMB 20,895 per tonne, hit a low of RMB 20,820 per tonne, and closed at RMB 20,860 per tonne, up RMB 70 per tonne or 0.34 per cent from the previous day. LME aluminium opened at USD 2,687 per tonne,...
This morning, the SHFE aluminium front-month contract fluctuated at highs near RMB 20,750 per tonne, slightly above the daily moving average. In the East China market, aluminium prices rebounded to high levels, with market sentiment dominated by a wait-and-see approach, leading to sluggish...
Futures market: Yesterday, the SHFE aluminium 2504 contract opened at RMB 20,735 per tonne, reached a high of RMB 20,750 per tonne, a low of RMB 20,630 per tonne, and closed at RMB 20,735 per tonne, up RMB 100 per tonne or 0.48 per cent from the previous day. LME aluminium opened at USD 2,645 per...
This morning, the centre of the most-traded SHFE aluminium contract gradually shifted slightly downward, fluctuating near RMB 20,550 per tonne. In the East China market, aluminium prices rose to high levels, leading to weaker restocking sentiment among downstream buyers, with most transactions...
