Low inventory supports aluminium prices to consolidate at highs; Peak season recovery pace awaits verification
Futures: The most-traded SHFE aluminium contract opened at RMB 24,590 per tonne in the night session on September 9, reached a high of RMB 24,660 per tonne and a low of RMB 24,565 per tonne, and closed at RMB 24,650 per tonne, up RMB 90 per tonne or 0.37 per cent from the previous close. Futures...
September peak season destocking supports aluminium prices, macro risks still warrant vigilance
Futures: The most-traded SHFE aluminium contract opened at RMB 24,470 per tonne in the night session on September 8, reached a high of RMB 24,660 per tonne and a low of RMB 24,420 per tonne, and closed at RMB 24,645 per tonne, up RMB 185 per tonne or 0.76 per cent from the previous close. Futures...
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Weiqiao raises its prebaked anode purchasing price by RMB20/t; A00 aluminium ingot price today grows by RMB10/t
According to the recent update on Shanghai Metals Market, Shandong Weiqiao Group has raised the benchmark purchasing price for prebaked anode by RMB 20 per tonne for February. This brings the price to RMB 2,620 per tonne in cash. In the last seven months, Weiqiao consecutively cut its prebaked...
China’s primary aluminium inventories rose 194,000 tonnes over the Chinese New Year holiday
As updated by Shanghai Metals Market, social inventories of primary aluminium across eight consumption areas in China, including SHFE warrants, increased over the Chinese New Year Holidays and stood at 884,000 tonnes as of Monday February 3. That was up 194,000 tonnes from 690,000 tonnes on January...
China sees a “never-before” price drop in A00 aluminium ingot post CNY holiday; Input costs remain unchanged
Post the Chinese New Year holiday from January 24 to February 2, 2020, the Chinese market has seen a “never-before” sharp drop in A00 aluminium ingot price of RMB 500 per tonne to stand at RMB 13,600 per tonne on February 3, found Shanghai Metals Market. This brings the price as low as was found in...
A00 aluminium ingot price extends decline to RMB14090/t on high inventories and low consumption
According to the Shanghai Metals Market, the A00 aluminium ingot price has extended its decline today, on January 22, by RMB 30 per tonne to stand at RMB 14,090 per tonne. The average prices are expected to range between RMB 14,070 per tonne and RMB 14,110 per tonne, with spot contract to be traded...
Primary aluminium inventories record speedy growth on Monday, resulting in sharp A00 aluminium ingot price decline
Aluminium inventories in China grew over the weekend by 21,000 tonnes, in contrast to 20,000 tonnes in the whole last week ended on January 16. Concentrated arrivals of stocks in some regions and weakening consumption as the world gears up for the Lunar New Year holidays were the two important...
China’s alumina production in 2019 down by 2.47% YoY due to capacity cut and output suspension
According to Shanghai Metals Market survey, China in December 2019 produced 5.87 million tonnes of alumina, with metallurgical-grade materials accounting for 5.62 million tonnes. With this, the country’s total alumina production in 2019 came in at 70.42 million tonnes, down 2.47 per cent from the...
6063 aluminium billets inventories in China grow for the second consecutive week
According to Shanghai Metals Market, the stocks of 6063 aluminium billets across five major consumption areas in China rose for the second consecutive week by 13,200 tonnes. From 53,200 tonnes on last Thursday, January 9, the aluminium billets inventories, as of today, January 16, have come in at...
A00 aluminium ingot price grows by RMB110/t after three back-to-back declines; Aluminium alloys prices drop
According to Shanghai Metals Market, the A00 aluminium ingot price has recorded a significant rise of RMB 110 per tonne to RMB 14,310 per tonne on Thursday, January 16, after three consecutive drops from RMB 14,530 per tonne to RMB 14,200 per tonne. Since the beginning of the month, the A00...
LME aluminium inched up by US$1 per tonne amidst steady US dollar; SHFE aluminium narrowed by 0.32%
The US dollar held steady against a basket its rivals on Tuesday, while sterling was the weakest performer after tepid growth increased the likelihood that the Bank of England will cut interest rates this month. Three-month LME aluminium retreated to its lowest in more than a week at US$ 1,788.5...
A00 aluminium ingot price extends decline by RMB100/t on rising inventory trend; Aluminium alloy (A356) price drops too
After a rise of 14,000 tonnes in primary aluminium inventories on Monday, January 13, the A00 aluminium ingot price has further recorded a decline of RMB 100 per tonne to RMB 14,300 per tonne, as of January 14, according to Shanghai Metals Market. The average prices are expected to range between...
Primary aluminium inventories increase by 14,000 tonnes after a week of restraint
After remaining restrained at 610,000 tonnes last week, the social inventories of primary aluminium on Monday, January 13, increased by 14,000 tonnes across eight consumption areas in China, including SHFE warrants, to stand at 624,000 tonnes, according to Shanghai Metals Market. Rise in primary...
Aluminium billets inventories record a growth of over 3,000 tonnes today after 12 weeks of decline
According to Shanghai Metals Market, the stocks of 6063 aluminium billets across five major consumption areas in China have grown today, on January 9, after three months of back-to-back decline. Compared with 49,900 tonnes on last Thursday, January 2, the billets inventories today, on January 9,...
China’s primary aluminium inventories remained unchanged this week; A00 aluminium price stands at RMB 14470/t
As updated by Shanghai Metals Market, social inventories of primary aluminium across eight consumption areas in China, including SHFE warrants, came in at 610,000 tonnes as of Thursday, 09 January 2020, barely changed from a week ago. The current status of primary aluminium inventories across China...
China’s primary aluminium production drops 1.84% YoY in 2019
Primary aluminium production in China stood at 35.43 million tonnes in 2019, a drop of 1.84% year-on-year, showed Shanghai Metals Market survey. The consumption declined by 1.4% YoY to stand at 36.11 million tonnes. Inventories stood at 686,000 tonnes. In December, primary aluminium output totalled...
Weiqiao cuts prebaked anode purchasing price by RMB70/t; Average prebaked anode price in China remains unchanged
According to Shanghai Metals Market, Shandong Weiqiao Group, the top aluminium producer in China has cut its prebaked anode benchmark purchasing price for January. The price is reduced by RMB 70 per tonne from December, marking the seventh straight month of cut. SMM data shows the prebaked anode...
Primary aluminium inventories remain unchanged over the weekend; A00 aluminium ingot price drops
Shanghai Metals Market showed social inventories of primary aluminium today, on January 6, barely changed over the weekend in China, continuing to remain at 610,000 tonnes. Last Thursday, January 2, the inventories increased to 610,000 tonnes after rising by 18,000 tonnes week-on-week, which...
A00 aluminium ingot price was on upswing this week amidst primary aluminium inventories rise
After the downtrend since March 2019, the primary aluminium inventories recorded two consecutive rises this week, found Shanghai Metals Market. On Monday, December 30, the inventories grew by 2,000 tonnes over the weakened to stand at 594,000 tonnes, while on Thursday, January 2, it increased...
China’s primary aluminium inventories rise by 2,000 tonnes over weekend
As updated by Shanghai Metals Market, social inventories of primary aluminium across eight consumption areas in China, including SHFE warrants, increased over the weekend stood at 594,000 tonnes as of Monday December 30. Stocks were up by 2,000 tonnes from last Thursday December 26. The chart below...
