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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Bauxite (6.0≤Al/Si＜7.0)Shanxi price rose this week after three months; Other input costs remained downward
As the week has come to an end, let us once recapitulate how the aluminium market in China rolled over the entire week. Beginning from bauxite, the price of the Bauxite (6.0≤Al/Si＜7.0)Shanxi recorded a growth of RMB 20 per tonne to RMB 560 per tonne on July 31, according to Shanghai Metals Market....
A00 aluminium ingot price continues to fall on lowered input costs, brisk trade and improved inventory
The A00 aluminium ingot price has dropped for the second day in a row on Friday, August 2, by RMB 40 per tonne to come in at RMB 13,830 per tonne, found Shanghai Metals Market. Improved inventory of primary aluminium on August 1, along with sluggish costs of alumina and prebaked anode could be the...
Primary aluminium inventories grow by 5,000 tonnes over the week
According to Shanghai Metals Market , the social inventories of primary aluminium in China have recorded a second weekly rise today, on August 1, in the past four weeks. Data shows the stocks across eight major consumption areas in China, including SHFE warrants, have come in at 1.04 million tonnes...
China’s prebaked anode exports record a marginal rise of 1% in H1 2019
The latest customs data shows that China’s exports of prebaked anode in the first half of 2019 has grown marginally by 1 per cent to come in at 622,000 tonnes, compared with 615,780 tonnes in the same period last year. In June 2019, the export volume was at 131,000 tonnes, up 52.5 per cent from...
Aluminium billet inventories in China continue to rise by some 700 tonnes this week
According to Shanghai Metals Market, the inventories of 6063 aluminium billet have extended week-on-week growth by some 700 tonnes today, August 1, across five major consumption areas in China to stand at 83,400 tonnes. On July 25, the inventories were at 82,700 tonnes after rising by some 1,600...
Alumina and prebaked anode price drop by RMB18/t and RMB25/t; A00 aluminium ingot price also declines
According to Shanghai Metals Market, the average spot price of alumina has started the month with a drop of RMB 18 per tonne to RMB 2,457 per tonne, as of August 1, 2019. With this, the price records a month-on-month decline of RMB 301 per tonne. Since the end of May, the spot alumina price is...
Weiqiao lowers prebaked anode purchasing price by RMB50/t for August
According to Shanghai Metals Market, Shandong Weiqiao Group, one of the top aluminium producers in China, again reduced its purchasing prices for prebaked anode for August. The benchmark purchasing prices for prebaked anode came in at RMB 2,995 per tonne in cash, a decrease of RMB 50 per tonne from...
Primary aluminium inventories extend decline over the weekend; A00 aluminium ingot price fails to rise
According to Shanghai Metals Market, the social inventories of primary aluminium in China have extended drop over the weekend by 6,000 tonnes, across eight major consumption areas, including SHFE warrants. The inventories are thus, hovering at 1.029 million tonnes, as of July 29. Arrivals of fewer...
Poor downstream consumption prompts growth in aluminium billet inventories this week
According to Shanghai Metals Market, the inventories of 6063 aluminium billet have increased on Thursday, July 25, by some 1,600 tonnes to stand at 82,700 tonnes. Poor downstream consumption could be a reason for this weekly rise in aluminium billet inventories. In the last two weeks, on July 11...
A00 aluminium ingot price in China increases by RMB70/t on weekly decline in inventories
After three consecutive drops this week, the A00 aluminium ingot price has recorded a rise on Thursday, July 25, by RMB 70 per tonne to stand at RMB 13,860 per tonne, found Shanghai Metals Market. Week-on-week, the price is standing higher by RMB 10 per tonne. The average prices are expected to...
Tight aluminium scrap supply may bolster secondary aluminium prices: SMM
According to the survey of Shanghai Metals Market, aluminium scrap supply in China showed signs of tightness in July. Improved purchase among secondary aluminium producers, weaker supplies from domestic scrapyards, and fewer inflows of seaborne materials attributed to the tight aluminium scrap...
China’s alumina import in H1 2019 lowers 9.5% YoY; Import in June up 4.6% over the year
According to Shanghai Metals Market, China in June imported 50,000 tonnes of seaborne alumina, down 16.7 per cent from May but up 4.6 per cent from June 2018. With this, China’s import of alumina came in at 320,000 tonnes in the first half of 2019, down 9.5 per cent from the same period last year....
China’s primary aluminium inventories gain 5,000 tonnes over weekend
According to Shanghai Metals Market, social inventories of primary aluminium across eight consumption areas in China, including SHFE warrants, increased 5,000 tonnes from Thursday July 18 to stand at 1.047 million tonnes as of Monday July 22. On Thursday, July 18, the primary aluminium inventories...
A00 aluminium price remains strong over the week; SMM expects further drop in alumina price
A00 aluminium ingot price started its upward trend at the beginning of the week and continued rising throughout the week. On Monday, July 15, the price increased RMB 80 per tonne or 0.58 per cent to RMB13800 per tonne. Aluminium ingot price on Thursday recorded no movement from RMB 13850 per tonne....
A00 aluminium ingot price ends the week with a jump of RMB70/t; Alumina price remains unchanged
After remaining restrained on Thursday, July 18, the A00 aluminium ingot price has decided to end the week with a jump of RMB 70 per tonne to stand at RMB 13,920 per tonne, as of July 19, found Shanghai Metals Market. With this rise, the A00 aluminium ingot price is standing RMB 20 per tonne or...
China’s primary aluminium inventories remain changed at 1.042MT; Aluminium ingot price in Foshan drops by RMB 10/t
Shanghai Metals Market data showed that social inventories of primary aluminium across eight consumption areas in China, including SHFE warrants, remained barley changed from a week ago and stood at 1.042 million tonnes as of Thursday July 18. The chart below indicates the current status of primary...
Aluminium billet inventories extend drop in China by 400 tonnes; Alloy prices record no change
According to Shanghai Metals Market, inventories of aluminium billet in China have recorded further decline this week, as stocks in Foshan of Guangdong province has dipped significantly. Across five major consumption areas, the stocks of 6063 aluminium billet have decreased by some 400 tonnes over...
Chinese secondary aluminium producers operating rates decline in June for the third month in a row
Shanghai Metals Market survey shows the operating rates of Chinese secondary aluminium producers have fallen for the third consecutive month in June to 52.24 per cent, down 1.49 percentage point month-on-month and 0.5 percentage point year-on-year. Sluggish secondary aluminium demand among...
