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...
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On January 28, 2026, domestic aluminium prices surged to a new high, driven by multiple factors. The weighted open interest of SHFE aluminium surged by 93,000 lots in a single day, with trading activity exploding. The core drivers of the price increase were disruptions in trade due to US-Iran...
SHFE aluminium 2602 fluctuated downward in the morning session, with the price centre lower than the previous trading day. Due to high aluminium prices and the Chinese New Year break at downstream processing enterprises, overall market buying sentiment remained weak. The mainstream transaction...
SHFE aluminium 2602 fluctuated upward in the morning session, with the price centre slightly higher than the previous trading day. Today, overall market buying sentiment improved slightly but remained at a low level, with mainstream transaction prices mainly ranging from a discount of RMB 10 per...
Futures: The aluminium alloy 2603 contract closed at RMB 22,655 per tonne. The latest candlestick broke below the short-term support, hitting a low of 22,525, indicating that bears still dominated. Open interest was 19,393, down 127 from the previous value, suggesting funds were exiting during the...
Reviewing the aluminium rod market in December, overall supply and demand improved, with processing fees bottoming out and returning to reasonable levels. According to SMM surveys, aluminium rod production totalled 323,800 tonnes in December, down 5.06 per cent M-O-M. On the supply side, production...
For aluminium ingots in South China, SMM A00 aluminium (Foshan) was quoted at RMB 24,690 per tonne on Jan. 14, soaring RMB 380 in a single day, at a discount of RMB 60 per tonne against the front-month contract. With prices hitting new highs, suppliers showed a stronger willingness to cash out,...
Futures: The aluminium alloy 2603 contract opened at RMB 22,985 per tonne on Friday night, retreated after rapid rise, rose to a high of RMB 23,300 per tonne after opening, then pulled back to a low of RMB 22,945 per tonne and fluctuated rangebound, finally closed at RMB 23,035 per tonne, up 0.22...
Image source: https://www.alcircle.com/ Secondary aluminium raw materials: This week, domestic aluminium scrap prices followed primary aluminium's sharp rally, with the price centre rising significantly. As of January 8, the SMM A00 aluminium price closed at RMB 24,000 per tonne, up RMB 1,540 per...
Image source: https://www.alcircle.com/ 1.9 SMM cast aluminium alloy morning comment Futures: The aluminium alloy 2603 contract rose to 23,480 and then quickly pulled back, opening at 22,720, reaching a high of 22,820, and dropping to a low of 22,180, finally closing at 22,495, down 90 points...
Image source: SMM According to SMM data, the average tax-inclusive full cost of China's aluminium industry in December 2025 rose 0.7 per cent m-o-m but fell 23.3 per cent Y-o-Y. During the period, alumina raw material costs declined, but electricity and auxiliary material costs increased, leading...
Futures: The aluminium alloy 2603 contract opened at RMB 24,280 per tonne, hit a high of RMB 24,750 per tonne, a low of RMB 24,210 per tonne, and closed at RMB 24,695 per tonne, with a single-day gain of 1.48per cent and an intraday fluctuation range of 2.58per cent (620 points), showing a strong...
According to SMM statistics, China's aluminium production in December 2025 (31 days) increased by 1.9 per cent Y-o-Y and 4.0 per cent m-o-m. The overall operating rate of downstream enterprises showed a downward trend during the month, and the proportion of liquid aluminium also declined, dropping...
Image for referential purposes only (source: https://vilancealutech.com/) With the much-discussed issue of Xinjiang's shipping backlog coming to an end, domestic aluminium ingot inventories began to build up from mid-December, successively breaking through the 600,000-tonne and 650,000-tonne...
The SHFE aluminium 2601 contract performed strongly in the morning session, with prices rising overall and the price centre significantly higher than the previous trading day. Trading sentiment in the East China market weakened overall, primarily affected by year-end enterprise settlement and...
Futures: On Friday night, the most-traded cast aluminium alloy contract 2602 opened at RMB 21,310 per tonne, dipped to a low of RMB 21,205 per tonne during the session, then fluctuated upward, hitting a high of RMB 21,580 per tonne, and finally closed at RMB 21,545 per tonne, up RMB 155 per tonne...
According to SMM statistics, on December 25, the inventory of aluminium billets in mainstream domestic consumer areas stood at 124,500 tonnes, an increase of 1,500 tonnes from Monday's inventory and an increase of 5,000 tonnes from Thursday's inventory. According to SMM statistics, during the...
The global aluminium recycling market entered 2025 with record material recovery but shrinking mobility of scrap. While worldwide secondary aluminium consumption touched 28.4 million tonnes as compared to primary consumption of 72.4 million tonnes in 2024, global recycled aluminium production...
According to data from the General Administration of Customs, China’s primary aluminium imports in November 2025 were approximately 147,000 tonnes, down 40.8 per cent M-o-M and 2.5 per cent Y-o-Y. Primary aluminium exports were about 53,000 tonnes, up 116.2 per cent M-o-M and 182.6 per cent Y-o-Y,...
