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
Aluminium alloy prices in China may drop in November due to poor consumption
According to Shanghai Metals Market, there have been no recent upturn in consumption of aluminium products during September and October. Due to poor consumption during “Golden September and Silver October” no new substantial orders have been reported in early November. According to SMM the latest...
Prebaked anode price sees a rise in major Chinese markets today; A00 ingot fluctuates alternatively
We learnt on October 31 that prebaked anode sales price in Shandong for November delivery may rise up to RMB 150 /tonne. Carbon plants and Weiqiao Group have been so far under negotiation over prebaked anode prices in November. Today, the average price of prebaked anode price in the Central China...
Weak downstream consumption turns SHFE aluminium bearish; A00 ingot sees some rise today
After the deep plunge yesterday, average prices of A00 aluminium ingot have seen some rise across all markets today on November 3. The price volatility is mostly attributed to slow downstream demand and growing stocks despite the winter capacity cut programme. Average A00 aluminium ingot price has...
Prebake anode prices in China may see some rise in November; A00 ingot price registers a slight rise today
As updated by Shanghai Metals Market, primary aluminium output in China reaches 24.66 million tonnes, rising 5% in the first three quarters of 2017. Since September many aluminium enterprises have raised operative capacity based on optimistic anticipation on upcoming peak season of end consumption....
LME aluminium holds ground but may drop after testing support at US$2,148/t
LME aluminium held fairly steady at its current level sliding marginally from US$2,143 per tonne on Monday, October 30 to US$2,140 per tonne on Tuesday, October 31. The wave pattern of aluminium prices on LME reveals a support at US$2,148 per tonne. A break below this level could cause a loss to...
China aluminium stock up on sluggish demand, SHFE aluminium to move in a lower range
SMM statistics showed Aluminum stocks in China’s seven major markets rose again as a result of poor downstream consumption after last week’s big fall. Compared to October 27, on October 30, the inventories in China’s major market have seen a rise: As updated by Shanghai Metals Market, average...
Aluminium inventories in China still at record highs, capacity cut to keep aluminium prices firm
According to an SMM update, inventories of aluminium on the SHFE in the week ending Oct. 27 stand at 636,270 tonnes, up 20,900 tonnes from last week. A stronger dollar weighed down base metals on last Friday’s night trading and base metals are expected to trade in a wider range in the short term....
Trading slows down at east China spot market; A00 ingot prices drop across China
As updated by Shanghai Metals Market, average Prices of A00 aluminium ingot have dropped significantly across all markets after rising steadily all through the week. Average A00 aluminium ingot price dropped from RMB 16,270/t to stand at RMB 16,190/t today on October 27. A00 aluminium ingot prices...
A00 ingot prices up in China, SHFE Aluminium looks for direction to rise beyond moving average
With the introduction of reduction plan for alumina and aluminium during heating season and tightness in coal market because of supply-side reforms, China’s aluminium price is getting strong support in the market. SMM is of the view that in the short term, with recovered consumption and production...
A00 Aluminium ingot up across all markets on the news of China aluminium output drop in September
According to the data released State Statistics Bureau China’s primary aluminium output stands at 2.61 million tonnes in September, down 5.6% YoY. For the period from January to September, China’s primary aluminium output stands at 24.66 million tonnes, an increase of 5% compared with last year....
Capacity reduction to tighten China's alumina supply in winter, prices expected to stay high
According to a Shanghai Metals Market, Henan Province, Binzhou and Zibo city of Shandong Province have introduced the time of production limit and the number of limited production line for alumina up to October 16. The government has asked for annual 10.34 million tonnes production limit. SMM has...
Spot alumina prices in China on upward track; Chalco alumina registers a jump
On Oct.13th, Binzhou City, Shandong Province has issued a Notice on Plan of 2017-2018 Industrial Enterprises’ Stagger Production. According to the plan estimate, alumina output in China will reduce by 1.93 million tonnes during heating season. In the meantime, Shanghai Metals Market Statistics...
LME aluminium to trade in a wide range; may retest support at US$2,130/t
LME aluminium is trending high supported by a dipping dollar index, low inventory, strong demand, and positive Chinese economic data. The light metal closed higher at US$2,140 per tonne on Friday, October 13, rising from US$2,117.5 per tonne on Thursday, October 12. Shanghai Metals Market observes...
LME aluminium falls further; SME is stable before the upcoming CPC National Congress
Aluminum prices are slowly falling after the last rise on October 9. As the news of winter capacity cut during November-December are fading away positive market sentiments are slowing down too putting pressure on price. After closing at US$2,124 per tonne on Wednesday, October 11, it came down...
Fall in SHFE aluminium drives a drop in aluminium alloy prices in China
Base metals diverged further in China market, with copper and nickel relatively stronger, and price divergence is expected to continue in the near term. The average price of A00 Aluminium Ingot drops from RMB 16,220/t on October 11 to stand at RMB 16,130/t today. The average price of A00 Aluminium...
LME aluminium drops further; may break support at USD 2,125 per tonne
Aluminum prices are falling back again after a rise on October 9. According to SMM analysis, the fall was driven by the rumour that one aluminium smelter in Shandong was exempted from winter capacity cut during November-December. SMM expects LME aluminium to move within a lower range of USD...
LME aluminium to fluctuate widely within US$2,135-2,165/t
LME aluminium is on a moderate uptrend. The light metal contract ended last week in a marginal drop from its earlier close at US$2,124 per tonne on Thursday, October 5. The closing price for LME aluminium on Friday, October 6, was US$2,121 per tonne. Shanghai Metals Market (SMM) forecasts that LME...
SMM aluminium ranks second in base metals price gains in September; plans for environmental checks are on track
According to an update by Shanghai Metals Market, aluminium followed lead in monthly average price gains among base metals in September. SMM monthly average aluminium price rose RMB 599.07/tonne or 3.84% to RMB 16,194.29/tonne. Currently, China market is closed due to the week-long Chinese National...
