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...
Grow with
AL Circle
Futures: In the night session on April 1, the SHFE aluminium 2605 contract opened at RMB 24,830 per tonne, hit an intraday high of RMB 24,980 per tonne and a low of RMB 24,775 per tonne, and finally closed at RMB 24,910 per tonne, up RMB 250 per tonne from the previous close, or 1.01per cent....
I. Core Takeaways and Policy Review : In Q1 2026, China’s aluminium semis exports showed a clear pattern of product differentiation amid the combined impact of three factors: the long-term effects of the export tax rebate cancellation policy introduced in December 2024, diverging demand structures...
According to SMM statistics, as of March 26, aluminium billet inventory in China’s major consumption hubs totalled 341,500 tonnes, down 28,000 tonnes from last Thursday, with the destocking trend steadily accelerating. On warehouse withdrawals, aluminium billet warehouse withdrawals totalled 69,800...
This week, the weekly operating rate of leading downstream aluminium processing enterprises in China rebounded 1.1 percentage points MoM to 64 per cent. Operating rates across segments showed differentiated recovery, and consumption gradually returned to the peak-season pace, but the overall level...
Futures: In the night session on March 26, the most-traded SHFE aluminium 2605 contract opened at RMB 23,970 per tonne, hit an intraday high of RMB 23,995 per tonne and a low of RMB 23,850 per tonne, and finally closed at RMB 23,870 per tonne, up 0.61 per cent. Open interest in the night session...
This week, the tender price for aluminium fluoride by leading downstream benchmark enterprises was finalised, and aluminium fluoride prices declined somewhat. As of now, SMM aluminium fluoride prices closed at RMB 10,180-10,450 per tonne; cryolite prices also weakened, with SMM cryolite quotes at...
According to SMM statistics, as of March 5, aluminium billet inventory in China’s major domestic consumption hubs totalled 398,000 tonnes. Inventory first increased and then declined, still hovering around 400,000 tonnes. Across the major consumption hubs, regional divergence persisted. Foshan...
SMM Morning Meeting Minutes: Futures: In the night session on March 5, the most-traded SHFE aluminium 2604 contract opened at RMB 24,640 per tonne, hit an intraday high of RMB 24,830 per tonne and a low of RMB 24,280 per tonne, and finally closed at RMB 24,435 per tonne, down RMB 380 per tonne from...
The most-traded AD2604 aluminium alloy contract opened higher and retreated after a rapid rise, touching a high of RMB 23,305 per tonne before fluctuating downward, reaching a low of RMB 22,940 per tonne, and rebounding slightly at the close. It finally closed at RMB 230,450 per tonne, down RMB 135...
The international situation boosted aluminum prices, and today, traders in central China had a strong bullish sentiment, with overall transaction sentiment strengthening. Some large downstream processing enterprises stopped purchasing due to high inventory, but influenced by the bullish sentiment,...
Futures: On the night session of February 27, the most-traded SHFE aluminium 2604 contract opened at RMB 23,815 per tonne, reaching a high of RMB 23,885 per tonne and a low of RMB 23,710 per tonne, finally closing at RMB 23,730 per tonne, down RMB 105 per tonne or 0.44 per cent from the previous...
SHFE aluminium 2602 fluctuated downward in the morning session, with the price centre lower than the previous trading day. Affected by the decline in aluminium prices, the spot-futures price spread, and the price spread between futures contracts, spot premiums/discounts in the market moved higher....
In January, the operating performance of domestic primary aluminium billets weakened more than expected. According to SMM data, the operating rate for aluminium billets dropped significantly by 5.3 percentage points m-o-m to 50.3 per cent, down 1.3 percentage points y-o-y. Aluminium billet...
According to the latest SMM tracking, the Chinese New Year break schedules for secondary aluminium alloy producers have been successively released. The specific production schedules are as follows: Source: https://news.metal.com/ According to the SMM survey, most secondary aluminium alloy...
SHFE aluminium 2602 fluctuated downward in the morning session, with the price centre lower than the previous trading day. The decline in aluminium prices led to a slight increase in purchasing sentiment. However, constrained by the approaching Chinese New Year break, overall downstream procurement...
The 2026 SMM GRMI (3rd) Global Renewable Metals Industry Summit (GRMI2026) will be held in Japan this May. Organised by Shanghai Metals Market, GRMI2026 will gather 600+ delegates in Tokyo from May 11 to 12, 2026. Background of #GRMI2026 Against the backdrop of the global trend toward sustainable...
According to SMM statistics, China's aluminium production in January 2026 (31 days) increased by 2.7 per cent Y-o-Y and 0.5 per cent M-o-M. Overall downstream operating rates trended downward during the month, and the proportion of liquid aluminium also declined, dropping 4.4 percentage points...
In January, aluminium fluoride prices edged up, supported by strong cost-side sulfuric acid prices. During the month, SMM aluminium fluoride prices closed at RMB 10,750-11,060 per tonne, while the cryolite market remained stable overall, with SMM cryolite quotes holding steady at RMB 7,000-9,000...
