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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Aluminium spot market sees active trading in East China; A00 aluminium ingot price rises further
According to Shanghai Metal Market, China’s aluminium spot market witnessed a significant rise in trading, especially in Shanghai, Hangzhou, and Wuxi on Thursday, May 3, 2018. The reason was more and more traders wanted to stockpile aluminium due to tight market supply. Transactions in Guangdong,...
China’s A00 aluminium ingot price sees a growth; alumina price plunges on the other hand
Although the average A00 aluminium ingot price witnessed a dip to RMB 14330 per tonne on 2nd of May, 2018 from RMB 14430 per tonne on 27th of April, it restored and secured a marginal growth to RMB 14390 per tonne just a day after i.e. on 3 rd of May, 2018. The price was up from May 2 but down from...
LME aluminium surges further; SHFE follows trend
LME aluminium surged to a high of US$2,330 per tonne at one point overnight. Benchmark aluminium price on London Metal Exchange further increased to close at US$ 2269 per tonne on Wednesday May 2, from US$2258 per tonne on Tuesday, May 1. SMM sees limited upward momentum with no development in the...
LME aluminium shows gain; expected to trade in the range of US$2,235-2,270/t
LME aluminium registered gain after a drop on Monday. Benchmark aluminium price on London Metal Exchange increased to close at US$2258 per tonne on Tuesday, May 1, up from the previous day’s close at US$ 2224 per tonne on Monday April 30. SMM expects LME aluminium to trade rangebound at...
China's aluminium inventory plunges over Labour Day holiday; A00 ingot price dips as well
After two days of holiday on the commemoration of Labour Day in China, Shanghai Metal Market unwrapped witnessing a drop in aluminium inventory on Wednesday, May 2, 2018, to close at 2.2 million tonnes. To say the truth, aluminium inventory had been witnessing a fall over the past one week,...
Weiqiao in China reduces Pre-baked anode purchasing prices; average price unchanged
According to Shanghai Metal Market on April 27, 2018, Weiqiao Group has reduced the purchasing prices of pre-baked anode. This is the fifth month in a row that the group has lowered the prices. For May, the prices are hovering at RMB 3390 per tonne in cash and RMB 3425 per tonne, which are RMB 200...
LME aluminium gains after a three-day losing streak; SHFE to stay range-bound
After a three-day losing streak in the previous session, driven by the deadline extension to comply with U.S. sanctions on Rusal, LME aluminium contract finally saw some gain and closed at US$2248 per tonne on Wednesday April 25 from US$ 2222 per tonne on Tuesday April 24. The metal saw the...
China’s aluminium inventory dips further on shrinking future price
After a decline of aluminium inventory on 23 rd of April 2018, from 2.248 million tonnes to 2.231 million tonnes, it witnessed a further plunge to 2.21 million tonnes on Thursday April 26, 2018, down 21,000 tonnes from 2.231 million tonnes on April 23 and RMB 38,000 tonnes from 2.248 million tonnes...
Alumina prices surge further: Expected to support aluminium prices – SMM learned
Shanghai Metal Market (SMM) believes that the aluminium prices, which fell drastically on London Metal Exchange (LME) on Tuesday, April 24, 2018 following the US eased sanctions on Russia, are going to gain some support from the higher alumina prices. Last week, alumina was traded at US$800 per...
Average A00 aluminium ingot price declines today, input costs remain unchanged: SMM update
After witnessing a marginal rise from RMB 14870 per tonne to 14940 per tonne on April 23, 2018, the average A00 aluminium ingot price reversed its course to close at RMB 14480 per tonne today April 24, 2018, according to Shanghai Metal Market. The prices are expected to range between RMB 14460 per...
LME aluminium falls by 10% after US hints at easing sanctions on Rusal
LME aluminium registered the biggest one-day decline in history and lost close to 10 per cent. The metal tumbled to a low of US$ 2,237 per tonne following the US Treasury Department’s announcement to extend the time limit for US and non-US citizens to wind up business with Rusal, according to SMM....
LME aluminium drops after continuous rise; SHFE registers a decline
After a gain on Thursday to US$ 2602.5 per tonne, LME aluminium closed lower at US$ 2463 per tonne on Friday April 20. As updated by Shanghai Metals Market, given the US sanctions on Rusal and the anticipated production cut, LME aluminium technically remains its upward trend but with weaker...
Strong future prices of aluminium give rise to trading in China’s spot market
With an incessant rise in aluminium future price in China as a consequence of US sanctions against Rusal, a large number of brokers and downstream consumers are becoming keen to purchase and stock aluminium for their future use, thereby, contributing to an enthusiastic trading activity in China’s...
LME aluminium continues uptrend; SHFE likely to go up to RMB 14,900-15,100 /t
Benchmark aluminium price on London Metal Exchange increased further to close at US$2602.5 per tonne on Thursday, April 19, up from the previous day’s close at US$ 2528.50 per tonne on Wednesday April 18.According to Shanghai Metals Market, LME aluminium dipped to a low of US$22,397 per tonne and...
Aluminium stock prices soaring high, so as average A00 aluminium ingot: SMM learned
Amid soaring aluminium prices across the globe, aluminium companies in China are indeed savouring propitious time as their stock prices reach the highest level. Shanghai Metal Market learned early this morning 19 th of April, 2018 that the stock prices of Aluminium Corporation of China (Chalco)...
LME aluminium climbed 5.7% to a fresh high since August 2011
As seen by Shanghai Metals Market, LME aluminium registered a fresh high since August 2011 at one point overnight .The metal closed at US$ 2528.50 per tonne on Wednesday April 18, up from US$2375.5 per tonne on Tuesday, April 17. SMM sees considerable upward room for it given the sweeping influence...
LME aluminium inches up slightly; SHFE shows gain
Benchmark aluminium price on London Metal Exchange increased further to close at US$2375.5 per tonne on Tuesday, April 17, up from the previous day's close at US$ 2358.50 per tonne. According to Shanghai Metals Market, LME aluminium rebounded and closed at US$2,411 per tonne after it dipped to a...
LME aluminium soars to a record high since September 2011; SHFE follows trend
As seen by Shanghai Metals Market, LME aluminium soared and hit a high of US$ 2,403 per tonne since 2011, at one point overnight. The metal closed at US$ 2358.50 per tonne on Monday April 16, up from US$ 2325 per tonne on Friday April 13. As US sanctions on Rusal continues to cast a shadow on the...
