This week, domestic aluminium scrap prices in China remained largely stable, with some slight increases. Although primary aluminium prices rose notably, aluminium scrap struggled to catch up, and the price difference between A00 aluminium and aluminium scrap stayed high. In terms of prices, as of...
Macro perspective: Fed Chairman Warsh delivered a hawkish speech at the Jackson Hole symposium, lifting market expectations for a September rate hike to around 60 per cent, while the US dollar consolidated amid fluctuations, unsettling the nonferrous metals sector. The Fed's latest Beige Book...
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Futures: The most-traded SHFE aluminium 2606 contract closed at RMB 24,700 per tonne, down 0.70 per cent. The price was near MA5 (24,668.00), MA10 (24,594.00), and MA30 (24,805.33), and above MA60 (24,581.00). Short-term moving average support was moderate, and the price was currently moving...
Futures: The most-traded SHFE aluminium 2606 contract closed at RMB 24,885 per tonne, up 1.32 per cent. The price was above MA5 (24,559.00), MA10 (24,603.50), MA30 (24,786.00), and MA60 (24,542.33), with short-term moving averages forming support and the price currently testing upward for a...
During the night session, aluminium alloy 2607 exhibited an overall trend of "retreat after rapid rise, hovering at lows." From the intraday perspective, prices first dipped quickly to around 23,180 after the opening, then rebounded as capital flowed in, briefly surging to around 23,340-23,350,...
Futures: The most-traded SHFE aluminium 2606 contract closed at RMB 24,690 per tonne, up 0.57 per cent. The price was above MA5 (24,554.00), MA10 (24,614.50), and MA60 (24,532.25), but below MA30 (24,753.83), with short-term moving averages providing support while the price was under pressure at...
The most-traded SHFE aluminium 2606 contract closed at RMB 24,380 per tonne, down 0.16 per cent. The price was below MA5 (24,473.00), MA10 (24,628.00), MA30 (24,723.33), and MA60 (24,518.25), with short- and medium-term moving averages all forming resistance and the price breaking below all moving...
Aluminium scrap: China's aluminium scrap market swung wildly this week following primary aluminium. As of May 7, SMM A00 aluminium price closed at RMB 24,050 per tonne, down RMB 340 per tonne W-o-W from pre-holiday levels. Shredded aluminium tense scrap (delivered price) mainly operated in the...
The most-traded SHFE aluminium 2606 contract closed at RMB 24,410 per tonne, up 0.12 per cent. The price was below MA5 (24,513.00) and MA10 (24,692.50), but still above MA30 (24,699.00) and MA60 (24,496.92), with short-term moving averages forming resistance while medium-term support remained...
SMM April 30: Macro perspective: Internationally, on April 26, Iranian Islamic Parliament Vice Speaker Nikzad stated that Iran's Supreme Leader Mojtaba Khamenei had issued a clear order that the Strait of Hormuz must not return to its pre-war status. The US Fed maintained interest rates unchanged...
Futures: The AD2606 contract opened at RMB 23,010 per tonne in the night session, reaching a high of RMB 23,120 per tonne and a low of RMB 22,880 per tonne, closing at RMB 22,940 per tonne, down RMB 160 per tonne or 0.69 per cent from the previous settlement price. The night session overall moved...
According to SMM statistics, China's aluminium production in April 2026 (30 days) was up 1.7 per cent Y-o-Y and down 2.9 per cent M-o-M. As the traditional peak consumption season continued, downstream sectors such as plate/sheet, strip and foil, and aluminium wire and cable provided effective...
SMM Aluminium Billet Market: In March, the aluminium billet operating rate rebounded significantly by 11.8 percentage points M-o-M to 53.2 per cent, but still declined 4.1 percentage points Y-o-Y. Downstream profile enterprises basically completed resumption of work after the Lantern Festival, with...
According to the General Administration of Customs, domestic bauxite imports reached 21.78 million tonnes in March 2026, rising 28.5 per cent month-on-month and 32.3 per cent year-on-year, hitting a record high for single-month imports. From January to March 2026, cumulative domestic bauxite...
Last Friday night, the aluminium alloy 2606 contract moved downwards after a higher opening, opening at RMB 23,415 per tonne, rising to a high of RMB 23,485 per tonne before pulling back in a fluctuating trend, dipping to RMB 23,380 per tonne at the close and settling at that price, down RMB 15 per...
According to SMM statistics, as of April 23, aluminium billet inventory across major consumption regions in China totalled 278,000 tonnes, down 14,000 tonnes W-o-W from last Thursday, successfully falling below 280,000 tonnes, largely in line with expectations at the beginning of the month. On...
SHFE aluminium 2605 fluctuated upward in the morning session. End-users mainly maintained just-in-time procurement, with some buyers stockpiling ahead of the holiday. Mainstream transactions were concentrated around the SMM A00 aluminium average price to +RMB 10 per tonne. The shipments sentiment...
Macro perspective: Fed nominee Warsh pledged to safeguard monetary policy independence. The US-Iran temporary ceasefire agreement was set to expire on April 22. Trump initially stated it was "extremely unlikely" to extend the ceasefire agreement with Iran, but later on Tuesday local time announced...
The most-traded SHFE aluminium 2606 contract closed at RMB 25,005 per tonne in the night session, down 0.22 per cent. The price fell below MA10 (25,094.5) but remained above MA30 (24,701.63) and MA60 (24,524.42), with short-term moving averages forming resistance while medium-term support held. The...
SHFE aluminium closed at RMB 24,890 per tonne, down 0.44 per cent. The price fell below MA10 (25,026) and MA5 (25,269), with short-term moving averages forming resistance, but it remained above MA30 (24,738.83) and MA60 (24,486.08), indicating that medium-term support still exists. The MACD...
