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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Spot aluminium sellers in China show keenness to offload cargoes in the year-end: SMM
According to Shanghai Metals Market, spot aluminium sellers across eastern and southern markets in China showed keen interests in offloading cargoes on Monday, December 24. The imminent year-end prompted sellers to clean their stocks and cash in, which as a result, increased cargoes offload. The...
LME aluminium closed the week lower on Friday; SHFE supported by capacity cuts
The US dollar index recovered to 97 on Friday from a month-low on Thursday after the Federal Reserve signalled fewer interest rate hikes over the next two years and expressed caution about the US economic outlook. LME base metals, except for tin, traded lower on Friday with aluminium fell 0.4%....
Chinese primary aluminium inventories drop slower over the weekend; A00 ingot price increases RMB 60/t
According to Shanghai Metals Market, social inventories of primary aluminium across eight major consumption areas in China, including SHFE warrants, dropped 4,000 tonnes over the weekend ended on Monday, December 24, to stand at 1.276 million tonnes. The decline was, however, slower compared to the...
Chinese aluminium alloys price drops despite lowered billet inventories: A00 ingot price grows
According to Shanghai Metals Market, stocks of 6063 aluminium billet across five major consumption areas in China shrank some 11,900 tonnes over the week ended on Thursday, December 20, to stand at 108,600 tonnes. The reason for this decline could be the smaller arrivals of billets to warehouses...
Chinese A00 aluminium ingot price records a plunge after jump on the previous day; input costs show restraint
After a rise by RMB 100 per tonne from RMB 13,540 per tonne to RMB 13,640 per tonne, the A00 aluminium ingot price recorded a plunge today, on December 19, by RMB 50 to stand at RMB 13,590 per tonne, Shanghai Metals Market found. The average prices are expected to range between RMB 13,570 per tonne...
Spot aluminium discounts to widen at the end of the month in anticipation of supply growth: SMM
Shanghai Metals Market expects spot aluminium discounts across Chinese markets to widen at the end of December as new capacity, pledged cargoes, and stockpiles across producers are likely to grow supplies to the markets. According to SMM assessments, the A00 aluminium prices have been flat with the...
Chinese aluminium alloy price shows restraint on increased billet inventories and ingot price hike
According to the Shanghai Metals Market, stocks of 6063 aluminium billet across five major consumption areas in China grew some 2,600 tonnes over the weekend ended on Thursday, December 13 to stand at 120,500 tonnes. The reason behind this increase in billet inventories could be fewer purchases of...
Primary aluminium price dip boosts downstream purchasing interest in east-China: SMM
Shanghai Metals Market research found that lowered aluminium prices on Wednesday morning, Dec-12-18, boosted the purchasing enthusiasm among spot aluminium downstream consumers across east-China markets compared to the previous day. The SHFE December contract inched down during morning trades. Spot...
More working days bolster November operating rates at Chinese secondary aluminium producers
Shanghai Metals Market research found operating rates across Chinese secondary aluminium producers averaged 57.14 per cent in November, up 0.33 percentage point from October but down 4.28 percentage points from the corresponding period last year. As per the report from SMM, more working days in...
Chinese A00 aluminium ingot price records plunge after two days of rise; input costs remain unchanged
After a rise in last two consecutive days, the A00 aluminium ingot price again recorded a plunge today, on December 12, from RMB 13,600 per tonne to RMB 13,540 per tonne, Shanghai Metals Market learned. The average prices are expected to range between RMB 13,520 per tonne and RMB 13,560 per tonne,...
Chinese A00 aluminium ingot price extends rise in the backdrop of lowered inventories; alumina price drops
According to an update from Shanghai Metals Market, social inventories of primary aluminium continued to extend its fall across eight consumption areas in China, including SHFE warrants, and stood at 1.32 million tonnes, as of Monday, December 10. This marked a decline by some 35,000 tonnes from...
Chinese A00 aluminium ingot price records a rise, but with no trace of input costs change
After four consecutive drops since the beginning of the month, the A00 aluminium ingot price has rebounded today, on December 10, and jumped from RMB 13,500 per tonne, as of December 7, to RMB 13,590 per tonne, Shanghai Metals Market found. This marks a growth by RMB 90 per tonne. The average...
China sees a 6.7% rise in alumina production for November: SMM
According to Shanghai Metals Market, China’s total alumina production in November came in at 6.08 million tonnes, with average daily output at 203,000 tonnes. This marked a growth by 6.7 per cent from a year ago and 4.1 per cent from a month earlier. The entire production from January to November,...
China registers marginal growth in primary aluminium output in November 2018
China’s primary aluminium production for the month of November 2018 stood at nearly 2.96 million tonnes, an increase of 1.8 per cent from a year ago. However, daily average production in November dropped 1.8% month on month to 99,000 tonnes, according to the data shared by Shanghai Metals Market....
China needs to expand aluminium consumption opportunities within and outside country: CNIA Division Chief
Mo Xinda, division chief of China Nonferrous Metals Industry Association (CNIA), pointed out at SMM Al-Si Summit on Thursday, December 6, that China would have to seek more opportunities to expand aluminium consumption domestically and abroad as trade disputes with the United States lowered...
A00 aluminium ingot price marks fourth consecutive drop since the month began: SMM
The A00 aluminium ingot price seems to have decided to be on the downside, according to Shanghai Metals Market. Even continued destocking in social inventories of primary aluminium over the past weeks and improved purchasing enthusiasm among downstream consumers for spot primary aluminium (like it...
Secondary aluminium project construction to start by year-end: SMM
According to a news release on the website of Gutian government, construction of a secondary aluminium processing project will commence in Dajia industrial park, Gutian country, of China’s southern province of Fujian by the end of 2018. The project has an annual production capacity of 100,000...
Buying interests among downstream consumers improve in east-China on aluminium price fall
Shanghai Metals Market research found purchasing enthusiasm among aluminium downstream consumers across east-China spot markets improved on Thursday, December 5, from a day earlier as aluminium prices fell. The SHFE December contract plunged on Thursday morning. In Shanghai, spot discounts were...
