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 records marginal rise in China; Input costs show restraint
According to Shanghai Metals Market, the price of A00 aluminium ingot has recorded a marginal rise by RMB 10 per tonne to stand at RMB 13,850 per tonne, as of July 17, 2019. This marks the third consecutive rise since July 15, followed by a drop on July 12 from RMB 13,800 per tonne to RMB 13,720...
Alumina spot price declines by RMB25/t but A00 aluminium ingot price rises by RMB80/t on improved spot transaction
The average spot price of alumina has further recorded a decline across China by RMB 25 per tonne to stand at RMB 2,582 per tonne, found Shanghai Metals Market. The domestic price since the beginning of the month has been displaying a sluggish sentiment on increasing demand for imported alumina,...
China’s primary aluminium inventories gain 1,000 tonnes over weekend
Shanghai Metals Market data showed that social inventories of primary aluminium across eight consumption areas in China, including SHFE warrants, came in at 1.043 million tonnes as of Monday July 15. Primary aluminium inventories increased 1,000 tonnes from 1.042 million tonnes on Thursday July 11....
Primary aluminium inventories mark first weekly rise in four months; A00 aluminium ingot price up by RMB80/t
After recording a continued decline over the months, the social inventories of primary aluminium across eight consumption areas in China, including SHFE warrants, have gained 14,000 tonnes from a week ago to stand at 1.042 million tonnes, as of Thursday, July 11, found Shanghai Metals Market. The...
Aluminium inventories in China drop by 6,000 tonnes and so the price of A00 aluminium ingot by RMB40/t
Shanghai Metals Market found social inventories of primary aluminium further inched down by 6,000 tonnes on Monday, July 8, across eight major consumption areas in China, including SHFE warrants. The inventories are thus standing at 1.022 million tonnes compared to 1.028 million tonnes on Thursday,...
North China to continue witnessing slow trades of aluminium ingots in the medium term: SMM
Shanghai Metals Market believes aluminium ingots trades are likely to continue at a slow pace across the northern Chinese markets in the medium term. The current adequate supplies of aluminium ingots, the prospect of poorer downstream consumption in a slow season of July-August, and new aluminium...
China’s production of primary aluminium dips 2.91% YoY in June
China’s production of primary aluminium stood 2.91 per cent lower in June 2019, showed an SMM survey. Primary aluminium production came in at 2.93 million tonnes last month. Aluminium production decreased 1.6 per cent year-on-year to 17.5 million tonnes in the first six months of 2019. In May,...
Alumina price drops by RMB15/t; A00 aluminium ingot price up by RMB50/t due to tight supply
Shanghai Metals Market found the average spot price of alumina fell today, on July 5, by RMB 15 per tonne to RMB 2,723 per tonne, after remaining restrained on July 4. Over the entire week, the alumina spot price showed a downward trend ranging between RMB 2,786 per tonne, as of July 1, and RMB...
Aluminium billet stocks rise 5,500 tonnes on greater arrivals and poor consumption
According to Shanghai Metals Market, stocks of 6063 aluminium billet across five major consumption areas in China came in at 83,200 tonnes as of Thursday, July 4, an increase of some 5,500 tonnes from 77,700 tonnes on Thursday, June 27. Inventories of aluminium billet grew some 6,000 tonnes in the...
Primary aluminium inventories in China dwindle 23,000 tonnes week-on-week
According to Shanghai Metals Market, social inventories of primary aluminium across eight major consumption areas in China, including SHFE warrants, have extended their downfalls over the week ended on July 4 by 23,000 tonnes to stand at 1.028 million tonnes. A week ago, on June 27, the primary...
A00 aluminium ingot price extends drop by RMB20/t; SMM shows downtrend to continue on sluggish alumina prices
Amidst the incessant fall in spot alumina price across China, the A00 aluminium ingot price continues to record a downfall as of today, on July 3, found Shanghai Metals Market. According to SMM data, the price today has declined by RMB 20 per tonne to RMB 13,630 per tonne, marking the fourth...
Weiqiao lowers prebaked anode purchasing price by RMB50/t for July; East average price registers a drop
According to Shanghai Metals Market, Shandong Weiqiao Group, one of the top aluminium producers in China, reduced its purchasing prices of prebaked anode for July 2019. The benchmark purchasing prices for prebaked anode stood at RMB 3,045 per tonne in cash, down RMB 50 per tonne from RMB 2,995 per...
Aluminium fluoride prices soared in June backed by tight supplies: SMM
Shanghai Metals Market found that the prices of aluminium fluoride across Chinese markets inched up in June, backed by the suspension of fluoride mining in Inner Mongolia that buoyed the prices of raw material used in producing aluminium fluoride. AF-1 aluminium fluoride was quoted above RMB 10,000...
China’s inventories of primary aluminium shrink 10,000 tonnes over weekend
Social inventories of primary aluminium across eight consumption areas in China, including SHFE warrants, stood at 1.041 million tonnes as of Monday July 1. This was down 10,000 tonnes from Thursday June 27, after a drop of 20,000 tonnes in the prior weekend between June 20 and 24, Shanghai Metals...
A00 aluminium ingot price in China dwindled over the week despite three intermittent hikes
As the week has come to an end, let’s take a quick recap at the movements of aluminium price and the prices of raw materials over the week across China. According to Shanghai Metals Market, the A00 aluminium ingot price started the week with a decline from RMB 13,890 per tonne to RMB 13,830 per...
Primary aluminium inventories dwindle 30,000 tonnes W-o-W; A00 aluminium ingot price rises by RMB10/t
Followed by the previous fall on June 24 to 1.061 million tonnes, the primary aluminium inventories today, on June 27, have come in at 1.051 million tonnes, according to Shanghai Metals Market data. This indicates that the inventories have declined by 10,000 tonnes over the past three days across...
Aluminium foil exports in China up 11.75% YoY in May; aluminium bars, rods and profiles exports also rise
According to China Customs data released on Wednesday, June 26, aluminium foil exports in China increased 11.75 per cent in May compared with the same period last year. Exports came in at 125,000 tonnes last month. Aluminium foil exports dropped 4.53 per cent in April. On a month-on-month...
China’s aluminium scrap import in May recorded 15.81% rise month-on-month
According to Shanghai Metals Market, China’s aluminium scrap import increased 15.81 per cent month-on-month and 57.8 per cent year-on-year in May to come in at 177,200 tonnes. Importers’ rush to move the seaborne scrap metal into domestic markets before import restrictions on July 1 resulted in...
