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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Alumina price growth in China today leads to further rise in A00 aluminium ingot price
According to Shanghai Metals Market, the average alumina price has recorded a rise today, on April 18, after continually falling for over three months. From the beginning of 2019 until yesterday, the alumina price saw an incessant fall, ranging between RMB 2,934 per tonne and RMB 2,646 per tonne....
A00 aluminium ingot price records two consecutive drops despite lowered inventories
According to Shanghai Metals Market, social inventories of primary aluminium across eight major consumption areas in China, including SHFE warrants, dropped over the weekend ended on April 15, Monday, to come in at 1.622 million tonnes. Compared to last Thursday, April 11, the fall of primary...
China’s secondary aluminium operating rates record growth in March
According to Shanghai Metals Market, operating rates across secondary aluminium producers in China have recorded a growth of 22.02 percentage points month-on-month and 0.3 percentage point year-on-year to average at 61.12 per cent in March. This hike in secondary aluminium operating rates is...
6063 aluminium billet inventories continue to decline for the fifth consecutive week
According to Shanghai Metals Market, the inventories of 6063 aluminium billet continue to drop for the fifth consecutive week across five major Chinese consumption areas, as consumption recovered at a slower pace. The SMM data shows the aluminium billet inventories as on today, April 11, are...
A00 aluminium price drops by RMB40/t; Aluminium fluoride among other input costs records a change
According to Shanghai Metals Market, the A00 aluminium ingot price has recorded a dip today, on April 11, by RMB 20 per tonne to stand at RMB 13,810 per tonne. The average prices are expected to range between RMB 13,790 per tonne and RMB 13,830 per tonne, with spot discount to settle at RMB 20 per...
Aluminium extrusion producers post weaker orders in March across North China: SMM
According to Shanghai Metals Market report on April 10, aluminium extrusion orders in north China declined in March, as the two political sessions and the slowdown in real estate discouraged downstream purchases. Production controls during China’s annual political sessions in Beijing suspended many...
China’s primary aluminium production drops 1.2% YoY in three-month period
China’s production of primary aluminium dropped 1.5 per cent year-on-year to 2.98 million tonnes in Mach 2019. Domestic primary aluminium capacity in operation decreased some 430,000 tonnes per year from a year earlier to an annualised 36 million tonnes by the end of March, as updated by Shanghai...
A00 aluminium ingot price declines by RMB40/t and aluminium alloys (ADC12) by RMB100/t
According to Shanghai Metals Market, the A00 aluminium ingot price has dropped today, on April 9, by RMB 40 per tonne to come in at RMB 13,780 per tonne. After a sharp decline on April 1 from RMB 13,920 per tonne to RMB 13,740 per tonne, the ingot price showed a constant growth over the week...
Chinese primary aluminium inventory sees smaller decline over the weekend
Social inventories of primary aluminium across eight consumption areas in China, including SHFE warrant, declined slower over the weekend and stood at 1.633 million tonnes as of Monday April 8. Inventories dropped some 8,000 tonnes from Thursday April 4, Shanghai Metals Market data showed. Primary...
Chinese prebaked anode operating rates in March dropped 3.07 percentage points MoM
Shanghai Metals Market updated on April 4 that average operating rates across Chinese prebaked anode manufacturers for commercial use declined 3.07 percentage points in March from the previous month to come in at 54.9 per cent. Output cuts for cost control lowered operations across prebaked anode...
LME aluminium closed higher at US$1872 per tonne yesterday on anticipation of US-China trade deal; SHFE remains close
The US dollar index recovered and settled at 97.3. Most London industrial metals rose on Friday, supported by news that the United States and China are edging closer to a trade deal after months of dispute.Three months LME aluminium traded down 0.2% at $1,892 a tonne yesterday and then rose 0.5 per...
6063 aluminium billet inventories extend week-on-week decline to 112,000t
According to Shanghai Metals Market, inventories of 6063 aluminium billet across five major consumption areas in China saw a smaller decline this week as value-added tax cuts lowered purchases. As of today, April 4, the inventories were found at 112,000 tonnes, after falling by some 8,700 tonnes...
Chinese A00 aluminium ingot price increases further on the drop of primary aluminium inventories
Social inventories of primary aluminium across eight major consumption areas in China, including SHFE warrants, declined further by some 37,000 tonnes from March 28 to come in at 1.641 million tonnes on April 4, found Shanghai Metals Market. This drop in primary aluminium inventories marks the...
Weiqiao Group revises prebaked anode purchasing price for April; average prebaked anode price marks first growth this year
Shandong Weiqiao Group’s prebaked anode purchasing price for the month of April has been revised to RMB 3,030 per tonne after renegotiating with carbon firms, according to the latest update from Shanghai Metals Market. On Monday, April 1, Shandong Weiqiao Group had set its prebaked purchasing price...
A00 aluminium ingot price records rise in China after sharp decline on the previous day; the price stands higher MoM
After a sharp fall yesterday, on April 1, the A00 aluminium ingot price has recorded a slight growth today by RMB 20 per tonne to stand at RMB 13,760 per tonne, found Shanghai Metals Market. The average prices are expected to range between RMB 13,740 per tonne and RMB 13,780 per tonne, with spot...
China’s aluminium scrap import during Jan-Feb 2019 falls 33.41% YoY
According to Shanghai Metals Market, China in the first two months of 2019 imported 206,000 tonnes of aluminium scrap in total, compared with 309,500 tonnes of import in the same period last year. Therefore, the country’s aluminium scrap import through January and February stood down 33.41 per cent...
Alumina price in China declines by RMB22/t and the ingot price by RMB180/t
According to Shanghai Metals Market, the average alumina price starts off the second quarter of the calendar year 2019 with a drop today by RMB 22 per tonne to come in at RMB 2,672 per tonne. On March 22, the average alumina price had recorded the last plunge from RMB 2,704 per tonne to RMB 2,694...
A00 aluminium ingot price drops again in China; expected to range RMB13900-13940/t
A00 aluminium ingot price once again sees a drop today, March 29, 2019. The price dropped from RMB13940 per tonne to RMB13920 per tonne, representing a drop of RMB20 per tonne from yesterday. The price is expected to hover between RMB13900-13940 per tonne, with spot premium to settle at RMB250-290...
