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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China alumina output to grow further driven by production restarts
<p>Alumina output in China surged in September boosted by production restarts. Analysts at Shanghai Metals Market expect the trend to continue in October as well. According to a survey conducted by SMM, China’s total alumina output increased 4.79 per cent year-over-year (down 0.66 per cent...
China aluminium stocks soar after holiday; SHFE aluminium set for further gains
<p>Aluminium stocks in China’s five major markets increased significantly after the weeklong Chinese National Day holiday, SMM data showed.<br /><br />Aluminium ingots kept arriving during the holiday, while consumption came to a virtual standstill, causing stocks to surge after the holiday,...
China aluminium stock drops drastically; LME aluminium to find support at $1,630-1,700/tonne
<p>In a positive note, aluminium stocks at the five major markets in China namely Shanghai, Wuxi, Nanhai, Hangzhou and Gongyi fell drastically this past one week, an SMM report says. <br /><br />The table below shows the drop in stocks in the mentioned markets.<br /><br /><img...
China alumina prices set for more gains, SMM foresees
<p>Alumina prices in China major markets are logging healthy growth trends. Shanghai Metal Market analysts say a number of positive factors will further support the rise. <br /><br />Increasing costs and speculations triggered by the recently introduced transport regulations will continue adding...
China aluminium update: Prices to stay volatile as trading inventories grow
<p>Base metal prices on the SHFE are expected to be volatile on Tuesday, Shanghai Metals Market foresees. LME aluminium will fluctuate between USD 1,650-1,670/mt today. SHFE 1611 aluminium will move between RMB 12,400-12,600/mt as trading inventories grew, with spot premiums between RMB 430-470/mt....
What’s behind sudden record high aluminium premiums in China? SMM reports
<p>Aluminium prices in China’s spot market turned from discounts into an all-time high premium of 570 yuan/tonne over SHFE front-month aluminium recently and SHFE 1611 aluminium ended last week up over 5 per cent. <br /><br /><img style="vertical-align: middle; display: block; margin-left:...
Bauxite prices in China unlikely to fall back after recent gains, SMM says
<p>Domestic bauxite prices in China rose recently and are unlikely to fall back for the foreseeable, SMM predicts.<br /><br /><img style="vertical-align: middle; display: block; margin-left: auto; margin-right: auto;" src="http://www.alcircle.com/uploads/images/Bauxite.jpg" alt="News" /><br />Tight...
China records a rise in unwrought aluminium and aluminium semis export in August
<p>According to an SMM report, China saw steep growth in exports of unwrought aluminium and aluminium semis in August.<br /><br />After the recently concluded bilateral dialogue between the U.S. and China during the G-20 Summit in September, both U.S. and China decided to work collectively to...
China alumina imports to remain low, SMM expects
<p>While Chinese buyers have begun showing interest in imported alumina , imports will remain low in the future, SMM predicts.<br /><br /><img style="vertical-align: middle; display: block; margin-left: auto; margin-right: auto;" src="http://www.alcircle.com/uploads/images/alumina.jpg" alt="News"...
Reopened capacity to increase China Alumina Output in September: SMM
<p>According to an SMM forecast, as production restarts after accident recovery and newly opened capacity, the average daily alumina output in China will improve by the end of September.<br /><br /><img style="vertical-align: middle; display: block; margin-left: auto; margin-right: auto;"...
Number of aluminium smelters in Henan declines but China's total operational capacity keeps growing
<p>Henan, one of the top three aluminium producing provinces of China, reported a fall in the number of aluminium smelters as industry concentration grew significantly. The number of smelters in the province has dropped from a whopping 21 in 2005 to only 7 at present. These 7 aluminium...
LME aluminium drops, Chalco cuts aluminium prices in major markets: SMM
<p>According to SMM report, LME aluminium dropped below the 5-day moving average and will trade in a close range of USD 1,565-1,585/mt on Sept 12 as an aftermath of OPEC’s monthly oil report. SMM also indicates that SHFE 1611 aluminium should move between RMB 11,960-12,060/mt. In east...
Rising alumina prices squeeze profit at Chinese aluminium smelters, SMM says
<p>Rising alumina prices and falling aluminium prices have reduced profit at Chinese aluminium smelters, SMM learned.<br /><br /><img style="vertical-align: middle; display: block; margin-left: auto; margin-right: auto;" src="http://www.alcircle.com/uploads/images/alumina.jpg" alt="News"...
LME aluminium to find relief from weaker dollar
<p>The US dollar index fell on negative US economic data. This will help underpin LME aluminium at USD 1,585-1,600/mt. Base metal prices on the SHFE are expected to continue diverging on Wednesday, Shanghai Metals Market foresees. <br /><br />“The dollar weakened overnight, but base metals...
More gains forecasted for China alumina prices
<p>Alumina prices in major China markets have been rising steadily over the last few weeks and the Bull Run will likely continue, predicted Shanghai Metals Market.<br /><br />As per SMM survey, trading activity has turned active. There are few large aluminium smelters that are yet to join the...
China markets witness the biggest aluminium stock rise in five months
<p>Aluminium stocks in five major markets of China soared 53,000 tonnes in August, the biggest growth trend in nearly five months, showed statistics provided by the Shanghai Metals Market (SMM).<br /><br />According to the analysts, the new and restarted aluminium smelters will keep adding to the...
LME aluminium headed for further declines, but SHFE aluminium to remain buoyed
<p>Aluminium contracts traded on London Metal Exchange (LME) will continue its decline this week, whereas SHFE aluminium will likely swing widely, predicted analysts at Shanghai Metals Market (SMM).<br /><br />According to SMM, LME aluminium should be down somewhere in the range of US$1,580-1,650...
Aluminium prices in China relatively stable despite growing aluminium supply
<p>According to an SMM report, Aluminium prices in China are relatively stable despite the growing aluminium supply. SMM also tries to find out the positive factors that are giving support to the aluminium prices which ideally should have gone down with the inflating supply.<br /><br /><img...
