This week, domestic aluminium scrap prices in China remained largely stable, with some slight increases. Although primary aluminium prices rose notably, aluminium scrap struggled to catch up, and the price difference between A00 aluminium and aluminium scrap stayed high. In terms of prices, as of...
Macro perspective: Fed Chairman Warsh delivered a hawkish speech at the Jackson Hole symposium, lifting market expectations for a September rate hike to around 60 per cent, while the US dollar consolidated amid fluctuations, unsettling the nonferrous metals sector. The Fed's latest Beige Book...
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The General Administration of Customs released import and export data for March 2026 today. Customs data showed: imports of unwrought aluminium alloy in March 2026 were 84,400 tonnes, down 5.7 per cent Y-o-Y and up 28.2 per cent M-o-M. Cumulative imports from January to March 2026 were 240,500...
According to data from the General Administration of Customs, domestic primary aluminium imports in March 2026 were approximately 255,000 tonnes, up 26.5 per cent M-o-M and up 14.8 per cent y-o-y. From January to March 2026, domestic cumulative primary aluminium imports totalled approximately...
Futures: SHFE aluminium closed at RMB 25,130 per tonne, down 0.32per cent. The price operated below MA5 (25,269) but above MA10 (25,026), MA30 (24,738.83), and MA60 (24,486.08), indicating short-term pressure but solid medium-term moving average support. The MACD indicator DIF (219.57) and DEA...
Overnight, domestic market base metals mostly rose. SHFE copper gained 0.78 per cent; on a weekly basis, SHFE copper posted a four-week winning streak, up 4.07 per cent for the week. SHFE aluminium fell 1.25 per cent, SHFE lead rose 0.24 per cent. SHFE zinc gained 0.71 per cent. SHFE tin rose 0.03...
Macro perspective: The Middle East geopolitical situation remained volatile, with US-Iran negotiations experiencing repeated setbacks. On April 8, the US and Iran announced a two-week ceasefire to initiate negotiations; on the same day, Israel launched a large-scale attack on Lebanon, and sources...
As of the daytime close, domestic base metals generally rose, with SHFE tin being the only decliner, down 0.07 per cent. SHFE aluminium led the gains with a 2.89 per cent increase, while the rest of the metals gained less than 1 per cent. The alumina front-month contract rose 1.44 per cent, and the...
Futures: The aluminium alloy 2606 contract opened at RMB 23,755 per tonne during the night session and closed sharply higher at RMB 24,130 per tonne. In the early stage of the night session, prices moved sideways around the opening level with a steady trend. Mid-session, bulls pushed prices up...
To further strengthen its market coverage and customer service capabilities in Latin America, Shanghai Metals Market (SMM) is pleased to announce the appointment of external consultant Mr Marcio Goto, a senior mining engineer and mining economics expert, as Regional Manager for Latin America. Mr...
Indonesia will implement a revised bauxite pricing mechanism under Kepmen ESDM No. 144.K/MB.01/MMEM.B/2026, starting April 15, lowering benchmark prices while introducing structural changes that better reflect ore quality and moisture. The update replaces the previous framework under Kepmen ESDM...
Futures: SHFE aluminium closed at RMB 25,020 per tonne in the night session, up 1.36 per cent. Prices stood above all moving averages (MA5=24,742, MA10=24,726, MA40=24,407, MA60=24,375), with the moving average system in a bullish oscillating alignment. The MACD indicator DIF (125.21) and DEA (84)...
Futures: SHFE aluminium closed at RMB 24,705 per tonne in the night session, up 0.32 per cent. The price stood above all moving averages (MA5=24,653, MA10=24,691, MA40=24,366, MA60=24,365), with the moving average system in a bullish oscillating alignment. The MACD indicator DIF (93.1) and DEA...
Macro perspective: This week, the global macro front remained focused on geopolitical disruptions. On April 7 local time, US President Trump posted on social media: "I have agreed to a pause on the bombing and strikes on Iran for a period of two weeks." Subsequently, a White House official stated...
Futures: SHFE aluminium closed at RMB 24,545 per tonne last night, down 0.43 per cent. The price was slightly below MA5 (24,643) but near MA10 (24,433.5), MA30 (24,505.67), and MA60 (24,344.17), under short-term pressure but still supported by medium-term moving averages. The MACD indicator DIF...
Futures: The most-traded aluminium alloy 2606 contract closed at RMB 23,595 per tonne overnight, down RMB 55 from the previous trading day's close, a decline of 0.23per cent. Trading volume was 1,340 lots, down 2,647 lots from the previous value, with a notable contraction in volume. Open interest...
Futures: Overnight, the most-traded cast aluminium alloy ad2606 contract closed at RMB 23,585 per tonne, down RMB 40 from the previous trading day's close, or 0.17 per cent. The night session formed a small bearish candlestick, with an extremely narrow body and short upper and lower shadows, a...
The aluminium market is currently driven by multiple factors, including macro liquidity, geopolitical risks, and fundamental supply disruptions, while the price spread between domestic and overseas markets and inventory structure continue to diverge. Macro perspective: China: The central bank's...
In March, due to the impact of sufficient supply and weak cost support, aluminium fluoride prices remained under pressure and continued to decline. During the month, SMM's aluminium fluoride price closed at RMB 10,180-10,450 per tonne, while the cryolite market also showed overall weakness, with...
Futures: In the night session on April 2, the SHFE aluminium 2605 contract opened at RMB 24,545 per tonne, hit an intraday high of RMB 24,795 per tonne and a low of RMB 24,500 per tonne, and finally closed at RMB 24,710 per tonne, down RMB 10 per tonne from the previous close, or 0.04 per cent....
