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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China’s primary aluminium inventory falls on limited deliveries; A00 ingot price rises
According to the latest update by Shanghai Metals Market, primary aluminium inventories across eight consumption areas in China, including SHFE warrants, fell by some 31,000 tonnes from last Thursday September 6 to stand at 1.683 million tonnes as of Monday September 10. There were limited...
China’s primary aluminium records 1.8% lower output during Jan-Aug on growing costs and losses
According to the data from Shanghai Metals Market, China in the month of August produced 3.11 million tonnes of primary aluminium, up 1.5 per cent from 3.063 million tonnes in the corresponding period last year. But the overall output during January-August still remained down by 1.8 per cent to...
A00 aluminium ingot price climbs on lowered inventories; Aluminium billet stocks hike on tepid consumption
According to the latest update by Shanghai Metals Market, primary aluminium inventories across major consumption areas in China shrank over the week as downstream consumers increased purchases to restock on lowered spot prices. As of Thursday, September 6, stocks across eight consumption areas,...
A00 aluminium ingot price dips in China despite weakened inventories; Pre-baked anode price grows high
After gaining over the last week ended on Thursday, August 30, the primary aluminium inventories across eight major consumption areas in China shrank over the weakened as limited deliveries arrived, Shanghai Metals Market learned. As of today September 3, the primary aluminium stocks, including...
China shut 730,000 tonnes of primary aluminium capacities; ingot price extends plunge
Shanghai Metals Market research found that some 730,000 tonnes of primary aluminium capacities across China closed during June-August because of high costs and relatively low prices of aluminium. Capacities belonged to five aluminium manufacturers, including Shaanxi Tongchuan Aluminum, Lanzhou...
A00 aluminium ingot price dips on gaining inventories due to increasing supplies and weak consumption
The primary aluminium inventories across eight major consumption areas in China have extended gains over the week as arrivals rebounded and consumption in Guangdong weakened, Shanghai Metals Market found. As of today, August 30, stocks, including SHFE warrants, have grown by some 9000 tonnes from a...
Weiqiao to increase September’s prebaked anode purchasing price; spot price in China remains the same
According to Shanghai Metals Market, Weiqiao Group on Tuesday, August 28, planned to increase its September’s purchasing price for pre-baked anode by RMB 220 per tonne but met opposition from domestic producers who demanded higher prices. SMM expects Weiqiao to make a bigger upward adjustment by...
Chinalco raises non-metallurgical grade alumina floor price; while Chinese alumina spot price shows a hike
China’s largest state-owned aluminium producer The Aluminium Corporation of China Limited (Chinalco) has raised its floor price of non-metallurgical grade alumina to RMB 3500 per tonne on Monday, August 27, Shanghai Metals Market learned. This shows a growth of RMB 100 per tonne from the last floor...
A00 aluminium ingot price in China extends its surge over the weekend on continued tight supply
The A00 aluminium ingot spot price has extended its surge over the weekend, ending on August 27, from RMB 14610 per tonne, as of August 24, to RMB 14650 per tonne, Shanghai Metal Market found. The average prices are expected to range between RMB 14630 per tonne and RMB 14670 per tonne, with spot...
LME aluminium settled lower on Thursday; SHFE tests support at the 10-day moving average
The dollar stopped a five-day losing streak and the euro fell on Thursday. The greenback received a boost from political uncertainty, a new round of trade tariffs and the Federal Reserve's decision to raise interest rates. The dollar index gained 0.57% to close at 95.617. LME aluminium rebounded to...
Spot alumina price in China continues getting support from stringent supply in the market
Alumina spot price in China has been recording an incessant rise over more than a week. As per the data of Shanghai Metals Market, the price started displaying a surge from Thursday, August 16, from RMB 3059 per tonne to RMB 3108 per tonne, after showing a restraint in the previous day. Since then...
Aluminium alloys price breaks restraint to record a growth on active downstream consumption over the weekend
Aluminium alloys (ADC12) price in the Chinese spot market was found to record a significant hike of RMB 100 per tonne on August 21, 2018, to gain back the scale it had before a plunge on August 16, 2018, according to Shanghai Metals Market. The price thus, hovered at RMB 15650 per tonne on August...
A00 aluminium ingot price records a sweeping growth today in the Chinese market
Backed on continued price growth of alumina and steady movement of other input costs, A00 aluminium ingot spot price today, on August 21, has recorded a sweeping surge to RMB 14550 per tonne, Shanghai Metals Market found. Yesterday, on August 20, the price had shown a little bearish sentiment...
A00 aluminium ingot price drops in China due to steady consumption and limited supplies to inventories
According to Shanghai Metals Market, primary aluminium inventories across major consumption areas in China continued to decline over the weekend ended on August 20, 2018. Stocks, including SHFE warrants, shrank around 20,000 tonnes from last Thursday, August 16, to stand at 1.74 million tonnes. The...
Spot aluminium market in east China sees active trading on price drop; billet inventories record a rise again
Spot aluminium trading in east China spurred a bit on Thursday, August 16, than the previous day as drops in SHFE aluminium prices generated some purchases from downstream consumers, found Shanghai Metals Market. The SHFE September contract traded range-bound at RMB 14380 per tonne to RMB 14390 per...
A00 aluminium ingot price drops in China despite a W-o-W fall in primary inventory
According to the latest update by Shanghai Metals Market, primary aluminium inventories across major consumption areas in China has recorded a further fall this week with limited arrivals. Stocks across eight consumption areas, including SHFE warrants, shrank around 14000 tonnes from last Thursday,...
A00 aluminium ingot price drops in China but no change seen at input costs
Amid increasing raw material prices and dipped primary aluminium social inventory in China, A00 aluminium ingot price has been on a rising trend since the beginning of August, except a few intermittent drops. According to the latest update from Shanghai Metals Market, the ingot price has again...
A00 ingot gets support from higher input prices; inventory shrinks on slower deliveries
According to an update from Shanghai Metals Market, SHFE 1810 contract fell and closed at RMB 14,685 per tonne today as some longs covered their positions and the contract is expected to face resistance at RMB 14,850 per tonne. Average A00 ingot prices stand at RMB 14,500 per tonne today, up about...
