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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A00 aluminium ingot price begins the week with a growth of RMB80/t and aluminium alloy (A356) of RMB100/t
After two consecutive downfalls on 26 th and 27 th of December from RMB 14,580 per tonne to RMB 14,430 per tonne, the A00 aluminium ingot price has recorded a growth today, on December 30, of RMB 80 per tonne to stand at RMB 14,510 per tonne, found Shanghai Metals Market. The average prices are...
Primary aluminium inventories continue to trend lower this week to 592,000 tonnes
According to Shanghai Metals Market, the social inventories of primary aluminium in China continued to decline this week. The stocks across eight consumption areas, including SHFE warrants, came in at 592,000 tonnes after decreasing by 12,000 tonnes over the week, as of Thursday, December 26. Last...
Fresh aluminium scrap import quotas for 2020 expected to lower the metal scrap prices post CNY
Shanghai Metals Market predicts Chinese aluminium scrap prices to fall after resuming from the Chinese New Year Holiday in late January, as fresh import quotas are expected to ease supply shortages and ensure demand in the first quarter of 2020. On Monday, December 23, China’s environmental...
A00 aluminium ingot price records a growth of RMB100/t and Aluminium Alloys (ADC12) price of RMB50/t
On the day of Merry Christmas, the A00 aluminium ingot price in China has been found extending its growth by RMB 100 per tonne to stand at RMB 14,580 per tonne, found Shanghai Metals Market. This marks the second consecutive rise after a slight fall on December 23, from RMB 14,450 per tonne to RMB...
Aluminium rod plants stop production in Henan on smog alert escalation
According to Shanghai Metals Market, all aluminium rod plants in Jiaozuo of China’s top aluminium-producing province Henan are required to halt production, as the city has escalated smog alert to the highest level from 18: 00 CST December 23, 2019. Under the red alert for heavy air pollution,...
Alumina spot price records a marginal rise of RMB2/t and A00 aluminium ingot price grows by RMB40/t
After lowering for over two months ranging between RMB 2,624 per tonne and RMB 2,425 per tonne, the average spot price of alumina has recorded a slight rise of RMB 2 per tonne to come in at RMB 2,427 per tonne on December 24, according to Shanghai Metals Market. In the north China, the price has...
China’s primary aluminium inventories continue to trend lower; A00 aluminium price stands at RMB 14440/t
As updated by Shanghai Metals Market, social inventories of primary aluminium across eight consumption areas in China, including SHFE warrants, stood at 597,000 tonnes as of Monday December 23, down by 7,000 tonnes from last Thursday December 19. The current status of primary aluminium inventories...
A00 aluminium ingot price grows marginally by RMB10/t amidst muted input costs
According to Shanghai Metals Market, the A00 aluminium ingot price has decided to end the week with another rise, though marginal, while all the input costs have remained restrained. Marking the fourth straight day of growth, the ingot price today has increased by RMB 10 per tonne to RMB 14,450 per...
Primary aluminium inventories continue to trend lower; Decline by 44,000 tonnes this week
According to Shanghai Metals Market, the social inventories of primary aluminium in China continued to drop this week, with Guangdong contributing to more than half to the trend. Stocks across eight major consumption areas, including SHFE warrants, came in at 604,000 tonnes, as on Thursday,...
Primary aluminium inventories continue to fall in China and also the price of A00 aluminium ingot by RMB40/t
The social inventories of primary aluminium in China continued to fall over the weekend, found Shanghai Metals Market. Steady consumption in Guangdong and lower arrival of stocks there contributed to more than half of the decline. According to the data showed, eight consumption areas in China,...
Secondary aluminium producers operating rates increased in November by more than 1 percentage points
Shanghai Metals Market survey found Chinese secondary aluminium producers operating rates continued to increase in November amidst rising demand from downstream automakers at year-end. According to the data, the operating rates across Chinese secondary aluminium producers rose to 62.57 per cent in...
Chinese alumina price extends decline by RMB10/t; A00 aluminium ingot price also falls despite further dip in inventories
The average spot price of alumina in China continues to plunge for the fifth day in a row on December 12 by RMB 10 per tonne to RMB 2,429 per tonne, found Shanghai Metals Market. In all the major markets in the east, north, and central as well, the price has declined by RMB 10 per tonne to RMB...
Alumina spot price declines by RMB9/t, but A00 aluminium ingot price grows by RMB50/t
After starting the week with restraint at RMB 2,467 per tonne, the average alumina spot price today, on December 10, has recorded a plunge of RMB 9 per tonne to RMB 2,458 per tonne, found Shanghai Metals Market. So far this month, the average alumina spot price has shown a bearish trend like the...
China’s unwrought aluminium and aluminium products exports rose in November by 4.9% MoM
According to the General Administration of Customs data, China’s unwrought aluminium (including primary metal and alloy) and aluminium products exports in November came in at 452,000 tonnes after recording an increase of 4.9 per cent month-on-month. In October, however, China’s unwrought aluminium...
China's primary aluminium output stands at 2.9 mt in November; YTD output drops 2.14% to 32.39/t
According to Shanghai Metals Market, China’s primary aluminium production fell 0.81% from a year ago to 2.94 million tonne in November. Output in January-November stood at 32.39 million tonne, which registered a drop of 2.14% year-on-year. Better pricing, higher demand and high profits margins led...
Aluminium billet inventories decline for eighth week in a row
As updated by Shanghai Metals Market, inventories of aluminium billet continued to decline by 1,100 tonnes as of Thursday December 5, after dipping 8,800 tonnes in the previous week. Stocks of 6063 aluminium billet across five major consumption areas in China stood at 76,800 tonnes. This marked the...
Chinese alumina spot price extends its marginal decline by RMB2/t; A00 aluminium ingot price continues to grow
According to Shanghai Metals Market, the average spot price of alumina continues to decline marginally by RMB 2 per tonne to RMB 2,478 per tonne, as of December 4. In the north of China, the price has dropped too by RMB 5 per tonne to RMB 2,480 per tonne for a week at RMB 2,485 per tonne since...
Primary aluminium inventories again decline by 35,000 tonnes on weekend and 61,000 tonnes over the week
Shanghai Metals Market found the social inventories of primary aluminium across eight major consumption areas in China, including SHFE warrants, have extended decline over the weekend by 35,000 tonnes and over the week by 61,000 tonnes to stand at 720,000 tonnes, as of Monday, December 2. This...
