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
LME aluminium edges lower on rising China export; SHFE aluminium stays range-bound
Benchmark aluminium price on London Metal Exchange edged further lower on the last trading day of the week ending February 9. Surging aluminium exports from China pressured down LME aluminium prices to US$2,142 per tonne on Friday from US$2,168 per tonne the previous day. Shanghai Metals Market...
Sluggish trading raises primary aluminium inventory in China; A00 ingot price drops across all markets
Sluggish trading ahead of the Chinese New Year holiday next week is keeping the Chinese market passive and there is no such significant movement in the prices of commodities and the raw materials. According to Shanghai Metals Market, China’s social inventory of refined aluminium including SHFE...
LME aluminium slides 0.6% as volatility rises; range-bound trading expected
Benchmark aluminium price on London Metal Exchange dropped further to close at US$2,168 per tonne on Thursday, February 8, down 0.59 per cent from the previous day’s close at US$2,181 per tonne. Thanks to the recent share market volatility, most of the components in the LME base metal complex were...
A00 ingot price registers a moderate gain today; SHFE contract expected to remain firm
Notwithstanding the absence of any strong fundamentals, average price of A00 ingot have registered a moderate gain today to stand at RMB 14,090 per tonne. The prices are expected to move within a range of RMB 14,070-14,110. Spot discount will range within RMB 130-90 per tonne today. Average A00...
LME aluminium continues losing streak; SHFE aluminium looks firmer
Benchmark aluminium price on London Metal Exchange shed 0.6 per cent to touch the lowest at US$2,158 per tonne since January 9, yesterday. The light metal contract then recuperated some losses to close at US$2,181 per tonne. Current price trend analysis by Shanghai Metals Market suggests that LME...
LME aluminium edges higher; likely to remain range-bound this week
Benchmark aluminium price on London Metal Exchange inched higher on Friday, February 2, as dollar weakened and market sentiments were moderately favourable. The light metal contract closed at US$2,228 per, up from US$2,218 per tonne on Thursday, February 1. Shanghai Metals Market (SMM) foresees...
Spot alumina prices remain flat for a week; expected to see some gain before Chinese New Year holiday
Currently, spot alumina price in China is struggling to stay afloat in the face of slow demand and prices are staying flat for more than a week. SMM forecasts alumina prices are likely to rally ahead of the Chinese New Year holiday in mid-February before downward pressure returns. Today’s average...
LME aluminium remains fairly unchanged as global manufacturing registers growth
Aluminium prices on London Metal Exchanges stayed flat with a marginal dip as global manufacturing growth provided support. Manufacturing activity in China and Japan expanded in January resulting in raised output and increased employment supporting a strong recovery in the Asian market. LME...
China aluminium alloy prices drop across regions amid muted buying
Aluminium alloy prices in China domestic market dropped across major regions as buying slowed down in the winter months. Interruption of the movement of trucks due to low temperatures and heavy smog forced end user industry players to limit their buying of aluminium alloys for future operations. As...
LME aluminium continues to fluctuate within a narrow range; to test support at US$2,200/t
Aluminium prices on London Metal Exchanges were lower on Tuesday, January 30, after the base metal complex registered a price correction from its recent gains. LME aluminium came down from US$2,251.50 per tonne (closing price on January 29) to close at US$2,229 per tonne yesterday. Shanghai Metals...
SMM projects fall in prebaked anode prices in 2018; A00 ingot prices drop in all major markets
SMM expects the fundamentals of the prebaked anode market to change in 2018, as it may turn to oversupply following a year of surging prices. The shift is being visible in January with a drop in prices and, extension of payment cycle and commissioning of new capacity. Prebaked anode prices in east...
China aluminium market remains passive; SMM projects an oversupplied prebaked anode market in 2018
After showing an upward movement last week due to restocking ahead of the Chinese New Year holiday in mid-February, average aluminium A00 ingot prices in China has closed the week on a lower level at RMB 14450 per tonne. This week has started with a moderate gain and the average A00 ingot prices...
Chinese export of primary aluminium and semis surged in December before Section 232 ruling
Chinese customs released the import and export data on refined copper, primary aluminium, and other base metals in December 2017. According to the report China imported 6,659 tonnes of primary aluminium in December 2017. This registered a 90.40% drop YoY. The amount is however more than 6,173...
Alumina plants back in action with resumption of natural gas supply, spot alumina prices continue to stay low
SMM forecasts alumina prices are likely to rally ahead of the Chinese New Year holiday in mid-February before downward pressure returns. Currently, spot alumina price in China is struggling to stay afloat in the face of slow demand. Today’s average alumina price stands at RMB 2862 per tonne,...
Aluminium scrap supply to remain tight in 2018; prices remain high since the last quarter of 2017
According to an SMM analysis, aluminium scrap supply will be tight in China in 2018, as the domestic aluminium scrap market continues to be plagued by tight supplies since December 2017. As updated by SMM, average prices for aluminium Zorba scrap stands unchanged at USD 1550 per tonne today. The...
LME aluminium slips while SHFE aluminium prepares for a medium-term rebound
LME aluminium dropped marginally on the first trading day of the week. The light metal contract came down from its last week’s close at US$2,256 per tonne to close at US$2,235 per tonne on Monday, January 22. Shanghai Metals Market analysis suggests that LME aluminium will remain strong and trade...
Chinese exports of semi-finished aluminium products surged in December, domestic prices remain low
According to Shanghai Metals Market, Chinese exports of semi-finished aluminium products surged 60,000 tonne to 440,000 tonne in December, as domestic firms boosted production and exports in order to deliver before the Feb 1 ruling of the US Department of Commerce's investigations on anti-subsidy...
LME aluminium holds ground; SHFE expected to face resistance at RMB 14,300 per tonne
LME aluminium managed to hold grounds as it registered a moderate gain to stand at US$ 2,225 per tonne on Thursday January 19 from 2,187 per tonne on, Wednesday January 18. Shanghai Metals Market analysis suggests that LME aluminium will stay range-bound at US$2,220-2,250 per tonne on Friday,...
