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
Downtrend continues in LME aluminium; SHFE 1808 opens lower after the holiday
As the US dollar came off from highs, LME aluminium rebounded to a high of US$2,228.5 per tonne on Monday after it fell to a low of US$2,193.5 per tonne. Finally the contract closed the day at US$2220.50 per tonne. Shanghai Metals Market expects LME aluminium to trade range bound at lows today with...
A00 aluminium ingot price in China drops again: Alumina spot price remains same
After a rise in A00 aluminium ingot price from RMB 14540 per tonne to RMB 14560 per tonne on June 14 on the face of primary aluminium inventory dip, it dwindled drastically on June 15, to RMB 14340 per tonne, Shanghai Metals Market believed. The prices are expected to range between RMB 14320 per...
China’s A00 ingot price grows on aluminium inventory dip for sixth consecutive week
The primary aluminium inventory in China, including SHFE warrants, continued shrinking marking a sixth consecutive week of decline on June 14, 2018. Compared to the last Thursday when inventory stood at 1.98 million tonnes after shrinking 55,000 from its previous week, today, the inventory...
LME closed slightly higher yesterday but fell to low overnight; SHFE trades rangebound
LME aluminium attempted to stand above the daily moving average and closed higher at US$ 2309 per tonne on June 12 from US$ 2300 per tonne. The US dollar index closed at 93.8 overnight, up 0.26%. The index rose over 0.3% at one point after the “truly historic” US-North Korea Summit. Base metals...
A00 aluminium ingot price in China dwindles and so is alumina spot price: SMM updates
After a slight rise in average A00 aluminium ingot spot price on June 12, 2018, from RMB 14720 per tonne to RMB 14750 per tonne, it dropped again to RMB 14540 per tonne on June 13, according to Shanghai Metals Market. The prices are expected to range between RMB 14520 per tonne and RMB 14560 per...
Aluminium market in east China lowers on narrowed spot discounts: A00 ingot price rises a bit
According to Shanghai Metals Market, east China on Monday, June 11, 2018, witnessed a narrowed trading in spot aluminium market. Traders showed reluctance in purchasing primary aluminium and took a wait-and-watch stance as spot discounts against the SHFE 1806 contract shrank. In the Shanghai...
LME aluminium back to 40 days moving averages; 1808 became the most traded contract in SHFE
LME aluminium had been on a higher range last week with the consolidation of the US dollar. The aluminium contract closed the week lower at US$ 2287.50 per tonne on June 8 from US$ 2331 per tonne on June 7. The contract returned to the five and 40 days moving averages and Shanghai Metals Market...
Alumina price in China declines on spot cargoes sell: Primary aluminium price & inventory plunge as well
After a decline in two consecutive days last week, alumina spot price showed restraint today, June 11, at RMB 2904 per tonne, according to Shanghai Metals Market. On June 7, the alumina spot price plunged from RMB 2998 per tonne to RMB 2954 per tonne and on June 8, it fell to RMB 2904 per tonne....
LME closed slightly lower and expected to trade rangebound today; SHFE likely to consolidate at current levels
After starting the week on a high with the consolidation of the US dollar LME aluminium closed slightly lower at US$ 2314.50 per tonne on June 5 from US$ 2324.50 per tonne on June 4. LME aluminium hovered around the US$2,320 per tonne level overnight after hitting a high of US$2,340 per tonne....
Average A00 aluminium ingot price rises after a short downfall previous day: SMM
The average A00 aluminium ingot price surged on Wednesday, June 6, 2018, to close at RMB 14640 per tonne after a fall on the previous day from RMB 14550 per tonne to RMB 14520 per tonne, according to Shanghai Metal Market (SMM). The prices are expected to range within RMB 14620 per tonne to RMB...
Aluminium rods processing fees in China drop due to higher competition
According to Shanghai Metal Market update on June 4, 2018, aluminium rods processing fees in Shandong province have witnessed a plunge since early May to below RMB 300 per tonne ex-works as of Friday, June 1. The primary reason for this price drop is the growing competition among aluminium rod...
Average A00 aluminium ingot price sees a drop: Alumina spot price remains same
According to Shanghai Metal Market, the average A00 aluminium ingot price plunged on June 5, 2018, from RMB 14550 per tonne to RMB 14520 per tonne. The prices are expected to range within RMB 14500 per tonne to RMB 14540 per tonne, with spot discounts remaining same at RMB 70 per tonne to RMB 30...
Average A00 aluminium ingot price surges on a lower primary aluminium inventory in China
After a fall on 1st of June, 2018, from RMB 14610 per tonne to RMB 14490 per tonne, the Shanghai Metal Market observed a surge in average A00 aluminium ingot price, reaching up to RMB 14550 per tonne on June 4, 2018. This indicates that the price today, on June 4, grew higher than June 1 but stood...
Average pre-baked anode price drops on Weiqiao Group’s further price negotiation
According to an update by Shanghai Metal Market on May 31, 2018, Weiqiao Group in China again reduced its purchasing price for pre-baked anode by RMB 190 per tonne for the month of June. This marked a decline for six consecutive months. Earlier, in May, the price was lowered by RMB 300 per tonne to...
China’s aluminium inventory marks fifth consecutive week of decline: A00 ingot price rises
China’s primary aluminium inventory has been witnessing a continual decline on limited deliveries to warehouses since the beginning of the month, and today, May 31, 2018, did not display any exceptions. According to the Shanghai Metal Market, including SHFE warrants, the inventory saw a plunge from...
Sellers show restraint in spot aluminium market in East China: A00 aluminium ingot price dips
According to the update by Shanghai Metal Market, sellers in the spot aluminium market in East China showed reluctance in offloading their cargoes on Tuesday, May 29, 2018. Supply was, therefore, down from the previous day and spot discounts slightly narrowed. The SHFE 1806 contract fell as low as...
China’s aluminium inventory sees an uninterrupted shrink on fewer deliveries: A00 ingot price grows
After reporting a great weak-on-weak decline on Thursday, May 24, 2018, China’s primary aluminium inventory shrinks further today on May 28, 2018, including SHFE warrants, from 2.08 million tonnes to 2.05 million tonnes on fewer deliveries to warehouses at major markets in China, Shanghai Metal...
China’s aluminium inventory reports greater week-on-week decline: A00 ingot price surges
The Chinese market has been reported witnessing a steady downstream consumption against fewer deliveries to warehouses over a period of time. As a consequence of which, primary aluminium inventory is incessantly recording a plunge, indicating a balance maintained between production, supply, and...
