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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Futures: On Thursday night session, the most-traded SHFE aluminium 2509 contract opened at RMB 20,710 per tonne, with a highest price of RMB 20,785 per tonne, a lowest price of RMB 20,705 per tonne, and closed at RMB 20,760 per tonne. Trading volume was 43,000 lots, and open interest was 198,000...
Futures: Overnight, the most-traded AD2511 cast aluminium alloy futures contract opened at RMB 20,175 per tonne, reaching a high of RMB 20,195 per tonne and a low of RMB 20,085 per tonne, before closing at RMB 20,105 per tonne, down RMB 95 per tonne or 0.47 per cent from the previous close. Trading...
According to SMM survey statistics, the operating rate of the secondary aluminium industry in July 2025 rebounded by 0.7 percentage points M-o-M from June to 42.2 per cent, with a Y-o-Y increase of 2.8 per cent. Orders for secondary aluminium in July performed better than expected. Firstly, orders...
According to SMM data, in July 2025 (31 days), China's metallurgical-grade alumina production increased by 5.40 per cent M-o-M and 6.65 per cent Y-o-Y. As of the end of July, the existing metallurgical-grade alumina capacity in China was approximately 110.32 million tonnes, with the actual...
During the period from July 7 to August 6, SMM prebaked anode prices showed slight divergence but overall remained relatively stable. The benchmark procurement price for August 2025 at an aluminium plant in Shandong was RMB 4,739 per tonne, down 0.21 per cent M-o-M. According to SMM, export order...
According to SMM statistics, domestic aluminium production in July 2025 (31 days) increased by 1.05 per cent Y-o-Y and 3.11 per cent M-o-M. The operating aluminium capacity in China increased slightly M-o-M in July, mainly due to the start-up of the aluminium Phase II replacement project in...
Futures: Overnight, the most-traded AD2511 cast aluminium alloy futures contract opened at RMB 20,010 per tonne, with a high of RMB 20,015 per tonne, a low of RMB 19,945 per tonne, and closed at RMB 19,970 per tonne, down RMB 35 per tonne or 0.17 per cent from the previous close. Trading volume was...
Futures: Last night, the most-traded SHFE aluminium 2509 contract opened at RMB 20,525 per tonne, with a high of RMB 20,525 per tonne, a low of RMB 20,435 per tonne, and closed at RMB 20,440 per tonne. Trading volume was 42,000 lots, and open interest was 224,000 lots. Last night, LME aluminium...
Futures Market: On the night of last Friday, the most-traded cast aluminium alloy AD2511 futures contract opened at RMB 19,870 per tonne, with a high of RMB 19,890 per tonne, a low of RMB 19,800 per tonne, and closed at RMB 19,875 per tonne, down RMB 45 per tonne or 0.23 per cent from the previous...
According to SMM data, the average tax-inclusive full cost of China's aluminium industry in July 2025 was RMB 16,261 per tonne, down 1.7 per cent M-o-M and 5.8 per cent Y-o-Y. During the period, alumina prices were boosted by macro policies such as "anti-rat race" competition, but due to the low...
According to SMM statistics, domestic primary aluminium production in July 2025 (31 days) increased by 1.05 per cent YoY and 3.11 per cent M-o-M. The operating capacity of primary aluminium in China increased slightly M-o-M in July, mainly due to the start-up of the second-phase replacement project...
According to SMM statistics, as of July 28, the inventory of primary aluminium ingots in China's mainstream consumption areas stood at 533,000 tonnes, an increase of 23,000 tonnes compared to Thursday last week and 35,000 tonnes compared to Monday last week. On a YoY basis, domestic aluminium ingot...
Aluminium Scrap: This week, the domestic aluminium scrap market generally faced upward pressure, with the price centre moving higher WoW. Spot primary aluminium prices initially rose and then fell. As of July 24, the SMM A00 price closed at RMB 20,720 per tonne, up RMB 150 per tonne from Thursday...
Futures Market: Overnight, the most-traded AD2511 cast aluminium alloy futures contract opened at the lowest point of RMB 20,125 per tonne. The futures market fluctuated upward, reaching a high of RMB 20,250 per tonne, a new record high since its listing, and finally closed at RMB 20,215 per tonne,...
Aluminium scrap: This week, the overall price centre of the domestic aluminium scrap market shifted downward, with the market in a wait-and-see consolidation phase. Spot primary aluminium prices plummeted sharply and then fluctuated rangebound during the week. As of July 17, the SMM A00 aluminium...
According to data from the General Administration of Customs, China's exports of unwrought aluminium and aluminium products reached 489,000 tonnes in June 2025, down 19.84 per cent year-on-year and down 10.60 per cent month-on-month; the cumulative export from January to June was 2.919 million...
China's primary aluminum production totalled 3.81 million tonnes in June, down by 0.5 per cent from May but up by 3.4 per cent from June 2024, according to the latest data released by the country's National Bureau of Statistics (NBS) on July 15. Last month's result meant that for this year's first...
![Tariff disruptions continue to overlap with domestic aluminium ingot inventory buildup, putting short-term pressure on aluminium prices and causing fluctuations [SMM Aluminum Morning Meeting Summary]](https://assets.alcircle.com/dynamic/prod/news/20260831133231211_3383502d2_md.webp)
[SMM Aluminum Morning Meeting Summary: Tariff Disruptions Continue to Overlay Domestic Aluminum Ingot Inventory Buildup, Aluminum Prices Under Short-Term Pressure and in the Doldrums] On the macro side, the domestic favourable atmosphere remains unchanged, while the impact of overseas tariffs...
