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 extends its rise today while input costs remain muted
According to Shanghai Metals Market, the A00 aluminium ingot price continued to rise today to RMB 13,730 per tonne. Yesterday the price was at RMB 13,680 per tonne, which indicates that the price today grew by RMB 50 per tonne. The average prices are expected to range between RMB 13,710 per tonne...
A00 aluminium ingot price drops over the weekend by RMB40/t; input costs record no change
According to Shanghai Metals Market, the A00 aluminium ingot price has dropped over the weekend by RMB 40 per tonne to stand at RMB 13,610 per tonne. The average prices are expected to range between RMB 13,590 per tonne and RMB 13,630 per tonne, with spot discounts to settle at RMB 50 per tonne to...
China’s primary aluminium production down 1.5% YoY in February
China’s production of primary aluminium decreased 1.54 per cent in February, and stood at 2.68 million tonnes, as reported by Shanghai Metals Market. Domestic primary aluminium capacity under operation stood at an annualised 35.9 million tonnes by the end of last month, a decrease of 130,000 tonnes...
China’s alumina production sees a year-on-year rise by 10.93% in February
According to Shanghai Metals Market, China’s alumina production in February came in at 5.64 million tonnes, after rising 10.93 per cent year-on-year. The average daily output stood at 201,000 tonnes, while annualised capacity in operation recorded at 73.46 million tonnes. This year-on-year rise in...
Alumina spot price in China extends its fall, but A00 aluminium ingot price rises
According to Shanghai Metals Market, the alumina spot price further extends its decline today to stand at RMB 2,731 per tonne. Compared with the downfall by RMB 14 per tonne yesterday, today the alumina spot price has shown a slower decline by RMB 7 per tonne. Since the beginning of the month, the...
Lowered aluminium price in east and south China bolsters enthusiastic activity in spot markets
According to Shanghai Metals Market, purchasing enthusiasm among downstream consumers improved across spot aluminium markets in east and south China on Thursday morning as prices dropped. Spot transactions were mostly found at RMB 13,610 per tonne to RMB 13,620 per tonne in Shanghai and Wuxi while...
6063 aluminium billet stocks increase marginally over the week: SMM
According to Shanghai Metals Market, 6063 aluminium billet stocks across five major consumption areas in China increased this week with varying consumptions in markets. Over the week ended on March 7, inventories gained 4,300 tonnes of aluminium billet to stand at 151,000 tonnes. Last week, on...
Further decline of alumina spot price pulls down A00 aluminium ingot price across China
After remaining restraint last day at RMB 2,749 per tonne, the alumina spot price again plunged today, on March 7, by RMB 14 per tonne to stand at RMB 2,735 per tonne, found Shanghai Metals Market. This is the third fall of alumina spot price this month, hinting a continued downward trend. The...
Spot aluminium purchases among downstream consumers found tepid on high prices
According to Shanghai Metals Market, high prices of spot aluminium in the eastern and southern Chinese markets prompted reluctant aluminium purchases among downstream consumers this morning. Spot deals were mostly seen at RMB 13,680 per tonne to RMB 13,700 per tonne in Shanghai, barely changed from...
China’s aluminium sheet, plates and strips export drop 1.8% MoM in January, but up 20% YoY
According to the data from China Customs released over the weekend, the country’s exports of aluminium sheet, plates and strips came in at 246,000 tonnes in January, down 1.8 per cent from 250,000 in December, but up 20 per cent from 205,000 tonnes year-on-year. This decline in China’s export...
Chalco’s high purchasing price fuels trading enthusiasm in spot aluminium market of east China
According to Shanghai Metals Market, east China on Monday, March 4, saw brisk trading in spot aluminium market as high purchasing prices offered by aluminium giant Chalco fuelled trading enthusiasm. Spot deals were mostly found at RMB 13,610 per tonne to RMB 13,630 per tonne in Shanghai, up over...
February operating rates across Chinese aluminium wire, cable producers plunge on weaker demand and CNY holiday
According to Shanghai Metals Market, producers of aluminium wires and cables in China saw lower operation rates in February due to poor orders and the Chinese New Year holiday. The average rates across wire and cable plants were at 47.18 per cent in the said month, down 21.67 percentage points from...
Chinese A00 aluminium ingot price grows over the weekend after two consecutive falls last week
Followed by two consecutive falls last week, the A00 aluminium ingot price is found rebounded over the weekend, showed Shanghai Metals Market on Monday, March 4, 2019. While the spot price of aluminium ingot has grown to RMB 13,630 per tonne from RMB 13,550 per tonne, the average prices are...
Lower aluminium prices and weekend stockpiling lead to brisk aluminium trading in east China
Shanghai Metals Market found brisk trading in east China on Friday morning, March 1, as lower aluminium prices improved purchasing willingness among traders and downstream consumers. Weekend stockpiling was also an important reason for the improved purchasing and therefore, brisk trading as a...
Guangxi Hualei increases its prebaked anode purchasing price for March: SMM
According to an update from Shanghai Metals Market, Guangxi Hualei New Materials has raised its prebaked anode purchasing price today by RMB 24 per tonne month-on-month for March. Guangxi Hualei New Materials is a subsidiary of the state-owned aluminium giant China Aluminium Corporation (Chinalco)....
A00 aluminium ingot price in China shrinks RMB50/t to mark second consecutive fall
The A00 aluminium ingot price starts off the month with a decline by RMB 50 per tonne, found Shanghai Metals Market. Today, on March 1, the price has stooped down from RMB 13,600 per tonne to RMB 13,550 per tonne. The average prices are expected to range between RMB 13, 530 per tonne and RMB 13,570...
Spot aluminium discounts narrow in east China markets
On Thursday February 28, as updated by Shanghai Metals Market, spot aluminium discounts narrowed in east-China markets as prices of futures dropped. The front-month March aluminium contract on the Shanghai Futures Exchange weakened in the morning. In Shanghai, spot discounts were heard at RMB50 per...
Chinese primary aluminium inventories extend gains on higher arrivals
Social inventories of primary aluminium across eight consumption areas in China, including SHFE warrants, increased 72,000 tonnes from Thursday February 21, Shanghai Metals Market data showed. As of Thursday February 28, social stocks of primary aluminium came in at 1.744 million tonnes. The chart...
