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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China’s exports of aluminium extrusions, bars and rods rose 2.75% month-on-month in July
According to Shanghai Metals Market based on the latest customs data, China’s exports of aluminium extrusions, bars and rods came in at 90,500 tonnes in July, up 2.75 per cent from 88,100 tonnes in June 2019 and 88,357 tonnes in July 2018. Depreciation in Chinese currency and healthy demand for...
Primary aluminium inventories decline after four weekly rises; A00 aluminium ingot price falls by RMB80/t
Social inventories of primary aluminium in China have recorded a week-on-week decline today, August 29, after rising for four consecutive weeks. According to Shanghai Metals Market, the inventories across the eight major Chinese consumption areas, including SHFE warrants, have fallen by 30,000...
Spot alumina price continues to rise by RMB17/t; A00 aluminium price drops despite fall in inventories
According to Shanghai Metals Market, the average spot price of alumina has extended its rise further by RMB 17 per tonne to stand at RMB 2,491 per tonne, as of August 26, 2019. The alumina price started growing incessantly since August 16, ranging between RMB 2,442 per tonne and RMB 2,491 per...
A00 aluminium ingot price grows by RMB40/t; Aluminium alloy (A356) price increases RMB50/t
Followed by a drop on August 21 from 14,380 per tonne to RMB 14,320 per tonne, the A00 aluminium ingot price has recorded a rise today, August 22, by RMB 40 per tonne to stand at RMB 14,360 per tonne, found Shanghai Metals Market. The average prices are expected to range between RMB 14,340 per...
A00 aluminium ingot price grows by RMB 150 per tonne on lowered inventories and production
The A00 aluminium ingot price has again recorded a sweeping growth of RMB 150 per tonne to stand at RMB 14,380 per tonne, as of August 20, according to Shanghai Metals Market. The average prices are expected to range between RMB 14,360 per tonne and RMB 14,400 per tonne, with spot contract to be...
China’s inventories of primary aluminium decline 2,000 tonnes over weekend
Shanghai Metals Market data showed that social inventories of primary aluminium across eight consumption areas in China, including SHFE warrants, stood at 1.05 million tonnes as of Monday August 19. Stocks declined 2,000 tonnes from 1.051million tonnes on August 15. Primary aluminium inventories...
A00 aluminium ingot price continues to grow on steady consumption; Aluminium alloy(A356) price rises further
According to Shanghai Metals Market, the A00 aluminium ingot price has extended its growth by RMB 50 per tonne to RMB 14,240 per tonne, as of August 16. This marks the second consecutive rise after the fall on August 14 from RMB 14,250 per tonne to RMB 14,150 per tonne. The average prices today are...
Primary aluminium inventories grow for a third straight week; A00 aluminium ingot price increases by RMB40/t
According to Shanghai Metals Market, the social inventories of primary aluminium, as of August 15, have recorded a week-on-week rise for the third straight week. SMM data shows that stocks across eight major consumption areas, including SHFE warrants, have increased by 1,000 tonne from a week ago...
A00 aluminium ingot price in China declines by RMB100/t after three consecutive rises
After three consecutive rises from RMB 13,880 per tonne to RMB 14,250 per tonne during August 9-13, the A00 aluminium ingot price has registered a decline today, on August 14, by RMB 100 per tonne to RMB 14,150 per tonne, found Shanghai Metals Market. However, despite the drop, the aluminium ingot...
Primary aluminium inventories shrink by 6,000 tonnes on limited cargo arrivals
In contrast to Thursday, August 8, when the primary aluminium inventories increased by 1,000 tonnes, today, on August 12, the inventories shrank 6,000 tonnes to stand at 1.035 million tonnes, found Shanghai Metals Market. Limited cargoes and steady consumption could be the two primary causes for...
Chinese secondary aluminium prices expected to grow in September due to consumption recovery
According to the survey of Shanghai Metals Market, secondary aluminium prices are expected to grow in September across all major Chinese markets, in anticipation of a consumption recovery. A few signs have been indicating a lift in secondary aluminium demand, found Shanghai Metals Market. Some...
A00 aluminium ingot price extends growth of RMB20/t amidst restrained input costs
According to Shanghai Metals Market, the A00 aluminium ingot price has extended growth over the weekend by RMB 20 per tonne to stand at RMB 13,950 per tonne. This marks the second consecutive rise after the fall on Thursday, August 8, from RMB 13,900 per tonne to RMB 13,880 per tonne. On Friday,...
China’s primary aluminium production falls 2% YoY in July
China’s domestic production of primary aluminium stood 2 per cent lower from a year ago in July 2019, according to an SMM data. Primary aluminium production stood at 3.07 million tonnes, with a daily average of 98,900 tonnes. Production decreased by 1.66 per cent year-on-year to 20.56 million...
China’s new energy vehicles production records first-ever Y-o-Y decline in July: SMM
According to the latest update from Shanghai Metals Market, about 73,500 new energy vehicles obtained qualification certificates in China in the month of July. This marks a decrease of 43 per cent from a month ago and 18.3 per cent from the same period last year, the first-ever Y-o-Y decline since...
A00 aluminium ingot price remains restraint on muted input costs; Premium price expected to rise
According to Shanghai Metals Market, the A00 aluminium ingot price has remained restrained on Wednesday, August 7, at RMB 13,900 per tonne, amidst muted sentiment across input costs. The average prices are expected to continue remaining the same between RMB 13,880 per tonne and RMB 13,920 per...
A00 aluminium ingot price extends growth by RMB60/t; Aluminium alloy (A356) rises by RMB50/t
According to Shanghai Metals Market, the A00 aluminium ingot price has extended growth on Tuesday, August 6, by RMB 60 per tonne to stand at RMB 13,900 per tonne. With this, the price stands higher by RMB 90 per tonne on monthly basis. The average prices are expected to range between RMB 13,880 per...
Alumina price declines by RMB15/t; A00 aluminium ingot price increases on lowered inventories
Followed by a restraint at RMB2,457 per tonne on August 2, the average spot price of alumina has begun the week with a drop to RMB 2,442 per tonne, as of Monday, August 5, found Shanghai Metals Market. Quarter-on-quarter, the price thus, stands below by RMB 336 per tonne, and on month the price...
Chinese prebaked anode prices likely to remain downtrend in H2 2019: SMM
Shanghai Metals Market forecasts that the prices of prebaked anode are unlikely to see a significant rebound in the second half of the year due to excessive capacity. Prices will continue to follow raw materials costs range-bound in the near future. Heating season environmental cuts on carbon mills...
