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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LME up on rangebound trading; SHFE aluminium down on lower alumina price
The end of the year is seeing some substantial growth in benchmark LME prices closing at US$ 2108.50/t. LME aluminium recorded a six-week high in last night’s trading SMM expects to see rangebound trading next, at $2,130-2,160/t today. As on December 21, LME official cash buyer aluminium price (Bid...
Alumina prices continue to stay low, no strong growth driver for aluminium in China
The dichotomy of alumina and aluminium remains on the same page as alumina is falling on the price curve while primary aluminium is recovering from the recent fall that started in November. Spot alumina price in China has dropped from the year’s high of RMB 3730/t in November first week to RMB...
LME aluminium edges higher; to remain range-bound at 10-day moving average
A falling US dollar index and China’s November aluminium output data lifted LME aluminium prices above the US$2,000 per tonne mark on Thursday, December 14. Despite higher inventory level, the light metal contract rose from US$1,997 per tonne on Wednesday, December 13, to close at US$2,017 after...
A00 ingot prices in China register a rise in all major markets; stocks continue to stay high
Primary ingot prices in China are hovering at a level close to RMB 14000 after falling drastically by the end of the first week of December. Average A00 ingot price has increased to stand at RMB 13,980/t today from RMB 13,920/t yesterday. As updated by Shanghai Metals Market, the primary ingot...
A00 ingot prices show some restraint in China today, slightly up in major domestic markets
Nonferrous metals trading on the SHFE was supported by bullish news yesterday and the upward momentum in the morning continued in the afternoon. After constantly falling since the winter cut started in November, A00 ingot prices in China started showing some upward movements in the first few days...
LME aluminium remains below US$2,000/t during volatile weekend
LME aluminium closed below US$2,000 per tonne mark last week indicating at an obvious stretch of short-term volatility. The light metal contract ended at US$1,992 per tonne on Friday, December 8, down from US$1,994 per tonne a day before. Shanghai Metals Market holds a slightly different outlook...
A00 ingot prices continue downward trend in China; analysts forecast demand-supply balance in the second half of 2018
A00 ingot prices in China are constantly falling after the winter cut started in November. Experiencing few significant drops since the last week of November, average A00 ingot price today stands at RMB 13,920/t. As updated by Shanghai Metals Market, the primary ingot price registered a drop of...
China aluminium alloy prices climb higher as A00 ingot become costlier by RMB180/t
Aluminium alloy prices in major markets of China increased by RMB 50 per tonne after A00 aluminium ingot rose higher by RMB 18- per tonne on Tuesday, December 5. The rise in aluminium product prices in the primary and downstream sectors can be attributed to China’s Caixin PMI of service industry...
LME aluminium rises slightly supported by strong manufacturing data from Europe, Asia
LME aluminium climbed higher on Friday, December 1, supported by the encouraging manufacturing data from most of Europe and Asia. The light metal which had closed at US$2,033 per tonne on Thursday, December 30, rose by about half a dollar to close at US$2,046.50 per tonne on Friday. It is unlikely...
LME aluminium sinks further taking heat out of the year’s 22% rally
The rally in LME aluminium is not over yet, but the momentum has certainly vanished. The light metal contract which started November at US$2,188 per tonne has fallen by 5.7 per cent to stand at US$2,062 per tonne as on November 29. It seemed to have drawn little support from the encouraging...
China alumina spot prices decline further; plants start executing production limit policy
Alumina spot prices in China domestic market are extending their declines. The average alumina spot price dropped by RMB 19 per tonne to stand at RMB 3496 per tonne, as on November 27. As updated by Shanghai Metals Market, average spot prices of one of aluminium’s key raw materials registered drop...
Global aluminium production outside China increases in October
According to the data released by the International Aluminium Institute (IAI) and published by Shanghai Metals Market, the daily average primary aluminium production excluding China increased in October against September. The production increased to 70,300 tonnes in October 2017 compared to 70,000...
A00 ingot prices plunge below RMB 15,000/t; alumina on a downward curve
A00 ingot price has experienced the biggest drop in recent time today when the average price stood at RMB 14,860/t. As updated by Shanghai Metals Market, the primary ingot price registered a drop of RMB 250/t. The price is expected to range within RMB 14,840 – 14,880 per tonne. Aluminium price has...
Winter capacity cut to take time to improve aluminium inventory in China; prices on downward track today
It will take time to reflect results of the implementation of production cut in the aluminium ingots inventory in the Chinese market. This is putting pressure in the aluminium prices by keeping it low. A00 ingot prices in China drop across two days after the winter capacity cut started on November...
Winter capacity cut starts in China today; alumina prices register a slight drop
The implantation date for actual winter capacity cut starts today. With the arrival of production limit date, alumina plants from different Chinese provinces have been implementing their reduction plan. As updated by Shanghai Metals Market, average spot alumina price in China stands at RMB 3701/t...
China’s alumina output on a new high in October; spot prices on a downward curve
Spot Alumina prices are on a downward curve after staying flat since the last week of October, following downtrend in aluminium. As updated by Shanghai Metals Market, average spot alumina price in China has dropped from RMB 3719/t on November 10 to RMB 3701/per tonne on November 13. SMM expects the...
A00 ingot and alloy prices continue downward trend in China, raw material prices remain unchanged
A00 ingot prices in China drop across all markets driven by poor consumption and increasing stock. The winter capacity cut has not been able to change the scenario substantially till date. As updated by Shanghai Metals Market, average A00 aluminium ingot price has dropped RMB 260/t from RMB...
Aluminium alloy prices drop across all markets in China following the downtrend in aluminium prices
As projected by Shanghai Metals Market yesterday, downstream aluminium producers have been prompted to reduce price of alloys to keep pace with steady drop in aluminium ingot prices caused by poor consumption and increasing stock. No new orders have been registered in November. According to SMM the...
