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: Last Friday's night session saw the most-traded alumina 2505 contract open at RMB 3,346 per tonne, reaching a high of RMB 3,414 per tonne and a low of RMB 3,335 per tonne, before closing at RMB 3,368 per tonne, up 0.66 per cent. Open interest stood at 166,000 lots, down 4,000 lots....
On February 13, SMM A00 aluminium closed at RMB 20,510 per tonne, down RMB 30 per tonne, with a discount of RMB 30 per tonne against the February contract flat. The Henan-Shanghai price spread was RMB 140 per tonne, up RMB 10 per tonne. SMM Central China closed at RMB 20,370 per tonne, down RMB 20...
According to SMM statistics, as of February 13, 2025, the social inventory of aluminium billets in China stood at 300,400 tonnes, an increase of 25,500 tonnes (9.3 per cent) compared to the first day after the holiday (February 5) and an increase of 76,900 tonnes compared to pre-holiday levels...
On February 12, 2025, the most-traded SHFE aluminium 2503 contract opened at RMB 20,610 per tonne, with a high of RMB 20,690 per tonne and a low of RMB 20,520 per tonne, closing at RMB 20,575 per tonne, down 0.48 per cent. Trading volume was 96,000 lots, and open interest was 159,000 lots. On the...
In the early trading session today, SHFE aluminium front-month contract fluctuated, pulling back slightly compared to the night session, but the price centre moved higher, with overall market transactions remaining moderate. Specifically, trading in East China continued to recover. After...
According to SMM statistics, the comprehensive operating rate of China's aluminium wire and cable industry in January 2025 was 40.85 per cent, down 10.16 per cent M-o-M and 8.34 per cent Y-o-Y compared to January 2024. Image source: Made-in-China The main reason was that the Chinese New Year...
This week's hot topic: Production cuts or shutdowns in the aluminium processing industry during the Chinese New Year holiday; composite PMI falls below the 50 mark Forecast for next week: Fundamentals remain bearish, macro front lacks highlights; aluminium prices face resistance in the short term...
Futures Market: Before the holiday, the most-traded alumina 2505 futures contract opened at RMB 3,586 per tonne, reached a high of RMB 3,628 per tonne, a low of RMB 3,570 per tonne, and closed at RMB 3,606 per tonne, up RMB 20 per tonne or 0.56 per cent. Open interest was 95,800 lots, down 2,105...
Futures Market: SHFE aluminium was closed overnight due to the Chinese New Year holiday. On Tuesday, February 4, 2025, LME aluminium opened at US$2,622 per tonne, reached a high of US$2,644.5 per tonne, a low of US$2,611 per tonne, and closed at US$2,629 per tonne, up US$8.5 per tonne or 0.32 per...
On January 27 morning, the SHFE aluminium front-month contract centre fluctuated rangebound, declining to around RMB 20,170 per tonne, as reported by SMM . The East China market was almost entirely immersed in the holiday atmosphere, with sluggish market trading and a frozen trading sentiment,...
In late January, aluminium processing enterprises largely entered the Chinese New Year break, halting production. Only a few large enterprises maintained operations, but their production was significantly lower than usual, leading to a sharp decline in this month's production index, which recorded...
According to SMM estimates, China's bauxite production in January 2025 (31 days) decreased slightly by 1.4 per cent MoM but was up 12.2 per cent Y-o-Y, mainly because the production halt scale in Shanxi and Henan regions in January 2024 was larger than that in January this year. Overall, domestic...
According to SMM statistics, as of January 23, the social inventory of aluminium ingot inventory in Guangdong was 131,100 tonnes, in Wuxi was 146,800 tonnes, and in Gongyi was 52,600 tonnes, with the total inventory in these three regions increasing by 7,100 tonnes compared to the previous trading...
SHFE aluminium front-month contract fluctuated rangebound in the early trading session today, with prices rising significantly during the second trading session. Suppliers and downstream buyers in east China have entered the Chinese New Year holiday, leading to sluggish market transactions. Today,...
This morning, the SHFE aluminium front-month contract fluctuated. On the fundamentals, aluminium ingot social inventory shifted to an inventory buildup, while inventory in Wuxi continued to decline. Market buying sentiment improved, spot discounts narrowed, and trading was active. Specifically,...
The recent counter-seasonal destocking of domestic aluminium ingots seems to be consistently reflected in the SHFE aluminium futures market. According to SMM statistics, as of January 16, 2025, the social inventory of domestic aluminium ingots stood at 440,000 tonnes, with 314,000 tonnes of...
This week, the operating rate of leading domestic aluminium downstream processing enterprises continued to decline, down 2.9 percentage points W-o-W to 57.4 per cent. By segment, only the primary aluminium alloy sector maintained its previous operating rate, supported by the liquid aluminium...
Vitol, an energy and commodities trader, is mulling over reducing its storage costs by withdrawing some substantial aluminium volume from London Metal Exchange (LME) warehouses in Port Klang, Malaysia. Image source: Vitol By removing stocks from LME-approved warehouses, Vitol can save 56 US cents...
