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 prices unchanged across eastern markets amid brisk transactions
According to the latest update by Shanghai Metals Market, today, on December 5, traded prices of spot aluminium across eastern markets remained unchanged from the previous day and transactions between traders remained brisk. The SHFE 1812 contract traded rangebound in morning trades. Spot discounts...
Operating rates at Chinese aluminium wire and cable manufacturers remain unchanged M-o-M: SMM
Shanghai Metals Market research found that operating rates at Chinese manufacturers of aluminium wire and cable remained unchanged in November from a month ago at 86.2 per cent, but fell 0.77 percentage point from the corresponding period last year. Although weaker consumptions of home appliances,...
Weaker demands and brisk aluminium transactions lead to declining ingot prices in China: SMM
According to an update by Shanghai Metals Market, trades of spot aluminium remained brisk yesterday, December 4, across east and south China after futures aluminium prices recorded a one-day gain at the start of the week. The SHFE 1812 contract traded range-bound in the morning. In Shanghai, spot...
China’s primary aluminium inventories extend decline amid supply cuts; ingot price registers a drop
China's social inventories of primary aluminium across eight consumption areas including SHFE warrants amounted to 1.367 million tonnes as of Monday December 3. This is down from 1.386 million tonnes recorded on Thursday November 29, SMM data showed. Social warehouses saw fewer shipments arrive...
Chinese A00 aluminium ingot spot price records a drop for five days in a row: SMM
According to Shanghai Metals Market, the A00 aluminium ingot price has extended a plunge even today, on November 30, by RMB 80 per tonne to stand at RMB 13,500 per tonne. This marks the fifth consecutive fall throughout the week since November 26. The average prices today are expected to range...
Primary aluminium sellers continue to be keen to offload cargoes in east-China but buyers show minimum interest
Shanghai Metals Market research found spot aluminium downstream buyers across east-China markets remained quiet today, on November 29, even as spot discounts widened. Sellers continued to show their enthusiasms to offload cargoes, learned SMM. The SHFE 1812 contract extended its fall even today in...
Chinese primary aluminium inventories continue to shrink and so the ingot prices; Billet inventories rise slightly
According to Shanghai Metals Market, primary aluminium inventories across eight major consumption areas in China, including SHFE warrants, have recorded a drop by some 38,000 tonnes from a week ago to come in at 1.386 million tonnes on Thursday, November 29. On last Thursday, November 22, the...
Third consecutive drop in aluminium futures prices sidelines spot buyers in east China: SMM
Shanghai Metals Market research found that further decline in aluminium futures prices today, on November 28, for the third day this week led to a wait-and-watch stance among downstream consumers in the east-China spot aluminium market. The SHFE 1812 contract dipped in morning trade while spot...
Early drop in aluminium prices lead to unenthusiastic cargoes offloading by sellers: SMM
Shanghai Metals Market research found that spot aluminium sellers across south-China markets showed reluctance this morning, on November 27, in offloading cargoes as future aluminium prices fell in early trade. Both traders and downstream consumers were cautious in making purchases because of which...
Back-to-back lowered alumina spot price in China leads to extended drop in aluminium ingot price
Backed on lowered alumina spot price for the two consecutive days, the A00 aluminium ingot price extended a plunge today by RMB 60 per tonne to RMB 13,690 per tonne, Shanghai Metals Market found. Yesterday, on November 26, the alumina spot price dropped from RMB 3131 per tonne to RMB 3119 per...
Prebaked anode prices to drop in December on downstream production cuts and eased winter curbs
The prices of prebaked anode in December are expected to fall on suspension of high cost downstream aluminium smelters and lower impact of 2018/2019 winter production cuts in the primary sector, SMM expects. Some 1.96 million tonnes of capacity was cut for this winter in major prebaked anode...
Spot aluminium discounts in Shanghai remain unchanged against the SHFE 1812 contract: SMM
Shanghai Metals Market research found spot aluminium discounts across Shanghai market remained unchanged on Friday from the previous day at RMB 40 per tonne to RMB 30 per tonne against the SHFE 1812 contract. In the morning trade, the SHFE 1812 contract increased but in a tight range. Most...
Volatile aluminium prices lead to cautious downstream purchases in east China; Alumina price shrinks
According to Shanghai Metals Market, downstream consumers of primary aluminium remained cautious in making purchases across east-China markets on Thursday, November 22, given the recent volatility in prices. The SHFE 1812 contract inched up in the morning trade while spot discounts in Shanghai...
Downstream purchases brought down aluminium billet inventories slightly in China
Social inventories of primary aluminium across eight consumption areas in China, including SHFE warrants, dropped by some 29,000 tonnes from Thursday November 15 to stand at 1.424 million tonnes as of Thursday November 22, Shanghai Metals Market data showed. Limited cargoes arrived in social...
Secondary aluminium producers in Henan ordered to cut productions: Heavy pollution to hit Hebei
According to an update from Shanghai Metals Market, Dazhou town in Henan province required all secondary aluminium producers to suspend their operations for installing environmental equipment. There are about 50 secondary aluminium producers in the town and most produce nonstandard products with a...
China’s eastern spot aluminium markets waned as future prices drop; ingot price extends plunge
Shanghai Metals Market research found purchasing enthusiasm among downstream consumers of spot aluminium across east China waned as prices of futures declined in late morning trading. The SHFE 1812 contract declined in late morning trade after it moved in a tight range in earlier trading hours....
Primary aluminium capacity cuts to exceed 2 million tonnes owing to weak ingot prices: SMM
According to a recent update by Shanghai Metals Market, primary aluminium capacity cuts expanded sharply in the second half of 2018 as weak aluminium prices and high operating costs caused an immense loss to the producers. Per the SMM research, production cuts for the year are likely to exceed 2...
Future aluminium price hike in China results in weak spot transactions
Shanghai Metals Market found a sharp plunge in purchasing enthusiasm of spot aluminium among downstream consumers in China as on Monday, November 19. As per the SMM analysis, it could be because of the rise in primary aluminium future prices and the support that downstream production got from the...
