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 rises by RMB70/t amidst alumina price drop by RMB67/t
After two consecutive days of decline from RMB 13,920 per tonne to RMB 13,830 per tonne, the A00 aluminium ingot price has recorded a rise today, on June 25, to RMB 13,900 per tonne, found Shanghai Metals Market. This suggests that the price has grown by RMB 70 per tonne today. The average prices...
Primary aluminium inventories drop 20,000 tonnes over the weekend ended on June 24
According to Shanghai Metals Market, primary aluminium inventories have further extended their downfall over the weekend ended on June 24 by 20,000 tonnes across eight major consumption areas, including SHFE warrants. The inventories are thus, now hovering at 1.061 million tonnes as of Monday,...
Further decline of Chinese alumina spot price to RMB2963/t buoys price drop of aluminium ingot
The average spot price of alumina has further extended its fall today, June 21, to RMB 2,963 per tonne, found Shanghai Metals Market. Yesterday, on June 20, the price was at RMB 2,973 per tonne, which indicates that the price today has dropped by RMB 10 per tonne. This marks the second consecutive...
Chinese A00 aluminium ingot price extends fall by RMB80/t; Aluminium alloy (A356) declines by RMB100/t
According to Shanghai Metals Market, the A00 aluminium ingot price has extended its fall today, June 18, by RMB 80 per tonne to stand at RMB 13,850 per tonne. This is the fourth consecutive fall after a slight rise on June 12 from RMB 14,070 per tonne to RMB 14,080 per tonne. The average prices...
Inventories of primary aluminium in China drop 30,000 tonnes over the weekend
Shanghai Metals Market data showed that social inventories of primary aluminium across eight consumption areas in China, including SHFE warrants, stood at 1.088 million tonnes as of Monday, 17 June 2019. Primary aluminium stocks dropped 30,000 tonnes from 1.118 million tonnes on Thursday June 13....
Chinese aluminium prices likely to be firm in the long run while stocks to ease by 2019; analyst says
Senior aluminium analyst at SMM, Wang Rui, said that aluminium prices in the short term are likely to moderate on weaker demands in a slack season but slower-than-expected in supply and shrinking inventories sustain on optimistic outlook on prices in the long run. At the Nonferrous and Ferrous...
Alumina spot price declines by RMB 53/t and A00 aluminium ingot price by RMB 40/t
Followed by restraint on June 14 at RMB 3032 per tonne, the average spot price of alumina has recorded a decline by RMB 53 per tonne to stand at RMB 2,979 per tonne, found Shanghai Metals Market. Due to the price restraints and declines over the month until now, the average spot price of alumina is...
China’s secondary aluminium operating rates down 4.2 percentage points YoY in May
According to Shanghai Metals Market, operating rates across Chinese secondary aluminium producers stood at 53.73% in May, down 4.6 percentage points from April, and 4.2 percentage points from May 2018. Car inventory clearance ahead of the new emission standards kept demand for secondary aluminium...
China’s inventories of primary aluminium decline 30,000 tonnes this week
As updated by Shanghai Metals Market, social inventories of primary aluminium across eight consumption areas in China, including SHFE warrants, came in at 1.118 million tonnes as of Thursday June 13. Inventories registered a drop of 30,000 tonnes from 1.15 million on Thursday June 6. Primary...
Aluminium billet inventories record growth of 10,800 tonnes on increasing deliveries and moderate consumption
According to Shanghai Metals Market, aluminium billet inventories in China have rebounded over the week ended on June 13, as more deliveries have arrived at warehouses and downstream consumption remained moderate. SMM data shows that the stocks of 6063 aluminium billet across five major Chinese...
Alumina price in China declines by RMB46/t after remaining restrained over a week
According to Shanghai Metals Market on June 13, the average spot price of alumina has inched down by RMB 46 per tonne to RMB 3032 per tonne after remaining restrained at RMB 3078 per tonne May 30 to June 12, 2019. Since the decline in alumina spot price has touched upon all the major markets in...
A00 ingot prices inch higher after a drop on Monday; imported alumina price drops RMB 15/t
As updated by Shanghai Metals Market, A00 aluminium ingot price in China increased from RMB 14020 per tonne on June 10 to RMB 14070 per tonne on June 11. The average prices are expected to range between RMB 14050 per tonne and RMB 14090 per tonne. Spot aluminium contract is likely to be traded at a...
Primary aluminium production in China from Jan-May plunges 1.3% YoY; downtrend likely to continue till June
According to Shanghai Metals Market data, the production of primary aluminium during the first five months of 2019 in China stood 1.3 per cent down from a year ago. The total production thus came in at 14.56 million tonnes. In May separately, the production was at 3.04 million tonnes, down 1 per...
Chinese A00 aluminium ingot price continues to fall to RMB14020/t; prices of aluminium alloys also decline
According to Shanghai Metals Market, the price of A00 aluminium ingot has recorded further down over the weekend ended on June 10 from RMB 14,060 per tonne to RMB 14,020 per tonne. This indicates that the A00 aluminium ingot price has shrunk by RMB 40 per tonne. The average prices are expected to...
Aluminium billet inventories shrink by 14,000 tonnes over the week
According to Shanghai Metals Market, aluminium billet inventories in China have extended fall over the week ended on June 6, as significant deliveries have yet to arrive at warehouses. SMM data shows that the stocks of 6063 aluminium billet across five major consumption areas have decreased today...
Bauxite (6.0≤Al/Si＜7.0)Henan climbs RMB20/t while other input costs remain muted
According to Shanghai Metals Market, the prices of Bauxite (6.0≤Al/Si＜7.0)Henan and Bauxite (4.5≤Al/Si＜5.5)Henan have recorded a hike by RMB 20 per tonne each to stand at RMB 550 per tonne and RMB 440 per tonne on June 5. Earlier, the prices of Bauxite (6.0≤Al/Si＜7.0)Henan and Bauxite...
Aluminium alloy price in China records a fall on continued decline in ingot price; Today ingot price down RMB70/t
According to Shanghai Metals Market, the price of aluminium alloys (ADC12) has recorded a change today, on June 4, by inching down from RMB 14,400 per tonne to RMB 14,350 per tonne. Prior to this, the aluminium alloys (ADC12) price had registered a decline on May 21, which was also by RMB 50 per...
China’s imports of aluminium scrap up 21.6% MoM in April
According to the latest data released by the General Administration of Customs, China’s imports of aluminium scrap came in at 153,000 tonnes in April. Imports increased by 21.6 per cent from 126,000 tonnes in March. Aluminium scrap imports scrap expanded in April, bolstered by greater imports...
