Aluminium fluoride prices rise on cost support; premium for high-grade supply widens
This week, trading sentiment in China's aluminium fluoride enterprises was moderate, and aluminium fluoride prices continued to rise. As of now, SMM mainstream quotations for aluminium fluoride stand at RMB 11,500-12,300 per tonne; cryolite spot prices firmed, with SMM cryolite quotations at RMB...
Macro rate hike expectations bring periodic pressure, while destocking in China provides solid bottom support
Futures: The most-traded SHFE aluminium contract opened at RMB 24,310 per tonne in the night session on September 10, reached a high of RMB 24,310 per tonne and a low of RMB 24,075 per tonne, and closed at RMB 24,125 per tonne, down RMB 365 per tonne or 1.49 per cent from the previous close....
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Chinese alumina price drop further pulls down the ingot price across all major markets
Since the beginning of the New Year 2019, the alumina spot price has been found to record either a plunge or restraint; and today is not an exception. The alumina spot price in China has again registered a drop to RMB 2,893 per tonne after being at RMB 2,928 per tonne from January 4 to January 8,...
China’s 2018 aluminium production stands at 36.12 million tonnes
China’s primary aluminium production for the month of December 2018 stood at over 2.99 million tonnes, down 0.3% from a year ago, but up 1.1% on the month. This lowered overall production by 0.6% year on year to 36.12 million tonnes in 2018, according to the data shared by Shanghai Metals Market....
Chinese A00 aluminium ingot price drops amidst lower demand and bearish input costs
After rising back-to-back last two days, the A00 aluminium ingot price has recorded a plunge once again in China today, on January 8, 2019, Shanghai Metals Market found. The ingot price after rising in last two consecutive days had reached RMB 13,350 per tonne but today it dropped RMB 40 per tonne...
China’s primary aluminium inventory declines post the holiday
According to Shanghai Metals Market, social inventories of primary aluminium across eight major consumption areas in China, including SHFE warrants, stood at 1.299 million tonnes as of Monday January 7, down 3,000 tonnes from Wednesday January 2. This followed after a week-on-week increase of 6,000...
Gains in primary aluminium future prices reduce buying enthusiasm of downstream consumers: SMM
Shanghai Metals Market found downstream consumers across spot aluminium markets in east and south China held back from purchasing in morning on Monday, January 7, amidst growing futures prices. Spot discounts in Shanghai remained unchanged from Friday morning and thus, were heard at RMB 20 per...
Chinese A00 aluminium ingot price extends rise amidst muted input costs
The A00 aluminium ingot price in China has extended its growth today, on January 7, from RMB 13,300 per tonne to RMB 13,350 per tonne, found Shanghai Metals Market. Thus, the price today has marked a jump by RMB 50 per tonne against a growth of RMB 30 per tonne on the previous day, January 4, from...
China aluminium market weekly summary; aluminium prices to remain under pressure on growing inventory and no cost support
According to the latest Weekly macro report from Shanghai Metals Market, aluminium prices in China are likely to trade under pressure in the near term as recent supply cuts in seven major smelters slowed down. Last week, social inventories of aluminium across eight consumption areas in China grew...
Large purchase triggers spot aluminium trades in east China: SMM
Shanghai Metals Market found that a purchase of more than 6,000 tonnes of spot cargoes in east China, at higher than expected prices, by an aluminium trader on Thursday, January 3, 2019, triggered the overall trades across eastern markets. The on-month aluminium contract on the Shanghai Futures...
A00 aluminium ingot price extends its drop in China, but the input costs show no change
According to Shanghai Metals Market, the A00 aluminium ingot price has extended its drop today, on January 3, to RMB 13,270 per tonne from RMB 13,310 per tonne, as of January 2. Since the reopening of the market in the New Year 2019, the Chinese A00 aluminium ingot price has recorded a plunge for...
China’s primary aluminium inventory increases by 16,000 tonnes; A00 aluminium ingot price sees a drop
According to Shanghai Metals Market, social inventories of primary aluminium across eight major consumption areas in China, including SHFE warrants, stood at 1.3 million tonnes as of Wednesday January 2, up 16,000 tonnes from Thursday December 27. This followed after a week-on-week increase of...
A00 aluminium ingot price extends drop across all Chinese markets; input costs show no change
According to Shanghai Metals Market, the A00 aluminium ingot price has extended its drop today, on December 28, to RMB 13,440 per tonne from RMB 13,540 per tonne on the previous day. Today’s price marks the lowest so far since the last two months. About a month ago on November 30, the price had...
Chinese aluminium spot sellers show reluctance to offload cargoes on futures price drop: SMM
According to Shanghai Metals Market, spot aluminium sellers in east China showed reluctance in offloading cargoes today, December 27, on the occasion of aluminium futures price drop. In this background, the SHFE January aluminium contract fell in morning trades. Spot discounts in Shanghai were...
Chinese A00 aluminium ingot price declines on increased inventory and extended price drop of alumina
According to Shanghai Metals Market, social inventories of primary aluminium across eight major consumption areas in China, including SHFE warrants, increased 6000 tonnes over the week ended on December 27, to come in at 1.29 million tonnes. More arrivals from smelters and smaller purchases from...
Winter stockpiling keeps bauxite prices high in China; Maintenance at Chinalco to affect alumina output
According to Shanghai Metals Market, prices of bauxite remained high as of Tuesday, December 25, buoyed by winter stockpiling across alumina producers amidst growing bauxite supplies after the output resumption at some miners in Shanxi and Henan. As of December 25, bauxite with alumina/silica ratio...
Chinese aluminium billet inventories record the biggest weekly drop on poor production and transportation shortage
According to Shanghai Metals Market, the week ended on December 20 recorded the biggest weekly decline in social aluminium billet inventories in last eight months. The inventories dropped 11,900 tonnes because of smaller arrivals and sellers destocking at the year-end. Deliveries from social...
Chinese A00 aluminium ingot price extends its growth further, but alumina price declines
The A00 aluminium ingot price continues to rise post-Christmas day, December 26, from RMB 13,630 per tonne to RMB 13,710 per tonne, marking a growth by RMB 80 per tonne, Shanghai Metals Market found. The ingot price has been rising since December 21 and today it marks the fourth consecutive hike....
Chinese A00 aluminium ingot price records third consecutive growth this Merry Christmas day
The primary aluminium spot market in China seems to be merry for the sellers on the auspicious occasion of Merry Christmas. The A00 aluminium ingot price has climbed RMB 10 per tonne on December 25, to clock at RMB 13,630 per tonne, Shanghai Metals Market found. This marks the third consecutive...
SPIC Ningxia plans to cut 50,000 tonnes of aluminium capacity in January
As reported by Shanghai Metals Market, SPIC Ningxia plans to cut production at its Wuzhong plant on account of high costs and sluggish prices of aluminium. SPIC Ningxia, an aluminium smelter owned by China State Power Investment Corporation (SPIC) and Ningxia Power Investment Corporation, is set to...
