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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6063 aluminium billet stocks decline W-o-W in China on fewer arrivals to warehouses
According to Shanghai Metals Market, stocks of 6063 aluminium billet across five major consumption areas further extended decline in China. SMM research found that after plunging over the week, billet stocks came in at 146,700 tonnes today, on February 28. Last week, on February 21, the inventories...
East China sees brisk aluminium trading as Chalco purchases almost 10,000 tonnes
Shanghai Metals Market found brisk spot aluminium trading in east China this morning, February 27, as the state-owned Aluminium Corporation of China (Chalco) made purchases close to 10,000 tonnes. In south China, Chalco purchased over 5,000 tonnes. In Shanghai, Wuxi, and Hangzhou, spot deals were...
Chinese A00 aluminium ingot price extends growth by RMB10/t on restrained input costs
According to Shanghai Metals Market, the A00 aluminium ingot price extends its growth today, February 27, yet again to stand at RMB 13,620 per tonne. Yesterday, on February 26, the ingot price was at RMB 13,610 per tonne, which indicates that today the price has risen by RMB 10 per tonne. This is...
High prices of primary aluminium sideline buyers in east China, while sellers hold offers firm
According to Shanghai Metals Market, spot aluminium sellers and buyers in east China were locked in stalemate this morning, February 26, as bullish outlooks led sellers hold their offers firm and high prices sidelined buyers. In Shanghai and Wuxi, spot deals mostly occurred at RMB 13,590 per tonne...
Spot aluminium transactions by downstream consumers rise over the weekend: SMM
Shanghai Metals Market found improved spot aluminium buying interest among downstream consumers in south China yesterday, February 26, compared with the previous week. With this, spot aluminium deals among traders accounted for the majority of trading activities in the southern markets. The...
Primary aluminium inventories in China up 45,000 tonnes on higher arrivals
Social inventories of primary aluminium across eight consumption areas in China, including SHFE warrants, increased 45,000 tonnes from Thursday February 21, Shanghai Metals Market data showed. As of Monday February 25, social stocks of primary aluminium stood at 1.72 million tonnes. The chart below...
Aluminium trades in spot market rise today in eastern China
According to Shanghai Metals Market, spot aluminium trades across east-China remained positive on this morning, February 22, as downstream consumers stockpiled for the weekend. In Shanghai and Wuxi, spot deals were mostly heard at RMB 13,490 per tonne to RMB 13,510 per tonne and that in Hangzhou at...
Processing charges of aluminium rod increase in China
As updated by Shanghai Metals Market, expectations of greater orders at downstream manufacturers of aluminium wire and cable drove them to stockpile aluminium rod as raw materials in the first week after the Chinese New Year break. This could be accounted for the increase in the processing charges...
Chinese A00 aluminium ingot price rises to the highest in 2019 so far; input costs remain muted
As most downstream consumers returned from CNY break and took active participation in trading in the spot aluminium market yesterday, the A00 aluminium ingot price once again extends its growth by RMB 80 per tonne to RMB 13,510 per tonne, found Shanghai Metals Market. This marks the third...
Primary aluminium inventories in China gain 55,000 tonnes on lower consumption
Social inventories of primary aluminium across eight consumption areas in China, including SHFE warrants, gained 55,000 tonnes from Thursday February 14, Shanghai Metals Market data showed. As of Thursday February 21, social stocks of primary aluminium came in at 1.67 million tonnes. Consumption...
Spot aluminium trades improved on active participation of downstream consumers
On Thursday morning, February 21, spot aluminium trades across east China increased from the previous day, found Shanghai Metals Market. Most downstream consumers returned after the middle of the first lunar month and started active trading in the spot aluminium market, resulting in improved...
Chinese A00 aluminium ingot price continues to grow while input costs decide to show restraint
According to Shanghai Metals Market, the A00 aluminium ingot price records a rise yet again on February 21, 2019, Shanghai Metals Market found. From RMB 13,390 per tonne, as of February 20, the price today has increased by RMB 40 per tonne to RMB 13,430 per tonne. With this rise today, the A00...
Spot aluminium trades weaken in east-China on higher aluminium prices
Spot aluminium trades weakened across east-China markets on Wednesday, February 20, as prices of aluminium increased. Spot deals mostly occurred at RMB13,380 to RMB13,390 per tonne in Shanghai and Wuxi, and at RMB13,380 per tonne to RMB13,400 per tonne in Hangzhou, Shanghai Metals Market research...
Spot aluminium trades in east China were brisk yesterday on lowered aluminium prices
Shanghai Metals Market found enthusiastic sentiment across spot aluminium traders on Tuesday morning, February 19, in east China markets, as downstream consumers returned normal production and aluminium prices declined after four consecutive days of rising. Thus, the trades were brisk. Spot deals...
Chinese A00 aluminium ingot price grows RMB40/t; Yunnan Aluminium to commission 100K tonnes of capacity
After an intermittent plunge yesterday from RMB 13,410 per tonne to RMB 13,350 per tonne, the A00 aluminium ingot price has once again recorded a rise today, on February 20, to RMB 13,390 per tonne. This marks a growth of RMB 40 per tonne, according to Shanghai Metals Market. But due to the fall...
Poor downstream orders, CNY breaks weigh on secondary aluminium plants operating rates: SMM
According to Shanghai Metals Market, operating rates at Chinese secondary aluminium producers averaged 54.84 per cent in January 2019, down month-on-month by 2.37 percentage points and year-on-year by 10.2 percentage points. Poor orders from downstream aluminium sector in January was one of the...
Chinese A00 aluminium ingot price records fourth consecutive rise to the highest this month
The A00 aluminium ingot price has once again recorded a rise today, on February 18, by RMB 70 per tonne to stand at RMB 13,410 per tonne, found Shanghai Metals Market. This marks the fourth back-to-back growth and the highest in comparison with the previous three price rise. The aluminium ingot...
China’s production of primary aluminium dips in January
According to Shanghai Metals Market, China’s total primary aluminium production came in at some 2.97 million tonnes last month. Production in January decreased by 0.5 per cent from January 2018, and dropped 0.7 per cent from December 2018. Domestic primary aluminium capacity under operation stood...
