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....
Grow with
AL Circle
Carbon anode plant in Henan asked to trim its capacity for winter cuts: SMM
According to an update by Shanghai Metals Market, a carbon plant in Jiaozuo of Henan province that produces anode for aluminium smelting has been asked to cut one-third of its production capacity from November 1 to November 5, 2018. The city has issued a yellow alert to the plant for heavy air...
Chinese primary aluminium inventories decline W-o-W on growing consumption; Ingot price extends plunge further
Social inventories of primary aluminium across major consumption areas in China, including SHFE warrants, dropped some 13,000 tonnes week-on-week to stand at 1.525 million tonnes today, November 1, Shanghai Metals Market found. This decline in social inventories could be attributed to molten...
Chinese aluminium downstream transactions found low on tumbled primary future contract
According to the latest update by Shanghai Metals Market, downstream aluminium consumers showed the least enthusiasm in making purchases followed by the tumbled SHFE aluminium contract for November delivery in the second session of morning trading, on Wednesday, October 31. The SHFE 1811 contract...
Chinese A00 aluminium ingot price drops again after an interim rise; Input costs show restraint
After a rise over the weekend in A00 aluminium ingot price from RMB 14090 per tonne to RMB 14120 per tonne, today, on October 30, it again registered a drop by RMB 90 per tonne to stand at RMB 14030 per tonne, Shanghai Metals Market found. The average prices are expected to range between RMB 14010...
China’s aluminium inventory continues downward trend; A00 ingot price stands at RMB14120/t
Social inventories of primary aluminium inventories across eight consumption areas in China, including SHFE warrants, declined by some 10,000 tonnes from Thursday October 25 to stand at 1.528 million tonnes as of Monday October 29, Shanghai Metals Market data showed. The decline in inventories of...
Chinese A00 aluminium ingot price continues to drop despite alumina price surge
The A00 aluminium ingot price in China continues to witness a drop today, on October 26, 2018, even on the backdrop of shrinking social inventories of primary aluminium across eight major consumption areas, Shanghai Metals Market found. The price today has declined RMB 50 per tonne to stand at RMB...
A00 aluminium ingot price rises in China against provincial environment checks Oct-Nov
According to the latest update from Shanghai Metals Market, the A00 aluminium ingot price again sees a rise today, on October 24, after a slight drop in the previous day. Today, the ingot price is hovering at RMB 14190 per tonne in contrast to RMB 14110 per tonne yesterday. Hence, this marks a...
Spot aluminium discounts in Shanghai stand narrow; A00 ingot price plunges again
According to the Shanghai Metals Market report, spot aluminium discounts narrowed across the Shanghai market on the first trading day of the week as future prices fell in the morning trading hours. The SHFE contract for November delivery initially fell before it climbed in the morning trading...
SMM Price Forecast Conference 2019: Aluminium supply to accelerate growth
China's primary aluminium supply is expected to grow at 4.1% in 2019, while consumption is likely to grow at a slower pace of 3%, said Liu Xiaolei, SMM senior analyst. In 2018, primary aluminium capacity with higher costs ran in losses, driven by cash flow issues and falling aluminium prices. This...
China’s aluminium inventories decrease amid few arrivals; A00 ingot price gains after three consecutive falls
Social inventories of primary aluminium inventories across eight consumption areas in China, including SHFE warrants, declined by some 27,000 tonnes from Thursday October 18 to stand at 1.556 million tonnes as of Monday October 22, Shanghai Metals Market data showed. Limited cargoes arrived in...
Primary aluminium inventories drop in China on downstream purchases; A00 ingot price continues downward trend
As reported by Shanghai Metals Market, social inventories of primary aluminium inventories across eight consumption areas in China, including SHFE warrants, declined by some 30,000 tonnes from Thursday October 11 to stand at 1.583 million tonnes as of Thursday October 18.The decline week-on-week...
LME aluminium tumbled to a low of US$2,014/t as inventories gained 70,775 mt; SHFE expected to trade at RMB14,250-14,360/t
Both LME and SHFE base metals ended in mixed performance overnight. Benchmark aluminium price on London Metal Exchange decreased to close at US$2022 per tonne on Tuesday, October 16, down from the previous day’s close at US$ 2028 per tonne. LME aluminium fluctuated on Tuesday but tumbled to a low...
Poor demand weakens September’s secondary aluminium operating rates in China
According to the report from Shanghai Metals Market, poor consumption in the downstream automobile sector eroded operating rates across Chinese secondary aluminium plants year-on-year in September, even as the traditional high season set in. Shanghai Metals Market found operating rates across...
A00 aluminium price rises again in China despite a fall or restraint in input costs
According to the data by Shanghai Metals Market, the A00 aluminium ingot price in China once again sees a growth today, on October 17, from RMB 14190 per tonne, as on the previous day, to RMB 14290 per tonne. This marks an increase by RMB 100 per tonne. The average prices are expected to range...
A00 aluminium ingot price in China registers a hike after consecutive four days of drop
After a continuous fall for past four days in a row, the A00 aluminium ingot price in China today, on October 16, has recorded a hike by RMB 90 per tonne to stand at RMB 14190 per tonne, Shanghai Metals Market found. The average prices are expected to range between RMB 14170 per tonne and RMB 14210...
A00 aluminium ingot price in China records a drop four days in a row
According to the data by Shanghai Metals Market, A00 aluminium ingot price in China has recorded a plunge today, on October 15, by RMB 70 per tonne to stand at RMB 14080 per tonne to RMB 14120 per tonne. This marks a drop in ingot price for the past 4 days in a row. After a hike on October 9 to RMB...
Chinese alumina production increases 3% YoY to stand at 5.95 million tonnes in September: SMM shows
According to the latest update from Shanghai Metals Market, China’s alumina production in September grew 3 per cent year-on-year to stand at 5.95 million tonnes; while the total output during January-September came in at about 52.11 million tonnes, up 1.9 per cent from the same period last year....
Spot aluminium discounts widen in China even amid firm offers and buying enthusiasm
Shanghai Metals Market found that spot aluminium discounts widened across all major Chinese markets on Tuesday, October 9, compared to the previous day. Though sellers continued to hold offers firm and traders became more willing to purchase for long-term contracts yet spot aluminium discounts did...
