Futures: The most-traded SHFE aluminium contract opened at RMB 24,240 per tonne in the night session on September 4, with a high of RMB 24,355 per tonne, a low of RMB 24,220 per tonne, and a close of RMB 24,320 per tonne, up 0.12 per cent from the previous close. Futures stabilised and rebounded,...
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...
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Recently, no new transaction prices have been observed for imported bauxite from Guinea, as buyers and sellers remain in a standoff. However, both supplier quotations and the intended prices from bauxite buyers have shown a decline, suggesting that the price of imported bauxite from Guinea may...
During the night session, the most-traded alumina 2502 futures contract opened at RMB 3,800 per tonne, with a high of RMB 3,806 per tonne and a low of RMB 3,772 per tonne, closing at RMB 3,784 per tonne, down RMB 17 per tonne or 0.43 per cent. Open interest stood at 48,700 lots. As for spot alumina...
Recently, the weekly operating rate of alumina has continued to increase slightly, with no significant changes on the demand side. The price centre of recent spot alumina transaction prices remains on a downward trend, but the decline has narrowed compared to earlier periods. As of now, alumina...
In the Futures Market, during the night session, the most-traded alumina 2502 futures contract opened at RMB 3,832 per tonne, reached a high of RMB 3,861 per tonne and a low of RMB 3,804 per tonne, and finally closed at RMB 3,838 per tonne, down RMB 36 per tonne or 0.94 per cent. Open interest...
This morning, the SHFE aluminium front-month contract fluctuated. On the fundamentals, aluminium ingot social inventory shifted to an inventory buildup, while inventory in Wuxi continued to decline. Market buying sentiment improved, spot discounts narrowed, and trading was active. Specifically,...
In 2024, the domestic alumina market experienced frequent disruptions. The supply gap of bauxite limited the increase in domestic alumina capacity, overseas alumina production cuts occurred, and the resumption of aluminium production in Yunnan was earlier than expected. During the dry season, no...
The recent counter-seasonal destocking of domestic aluminium ingots seems to be consistently reflected in the SHFE aluminium futures market. According to SMM statistics, as of January 16, 2025, the social inventory of domestic aluminium ingots stood at 440,000 tonnes, with 314,000 tonnes of...
Today, spot primary aluminium rose by RMB 140 per tonne compared to the previous trading day, with SMM A00 spot price closing at RMB 20,340 per tonne. Aluminium scrap market quotations mainly followed the upward trend. In the short term, the fundamentals remain tight on the supply side, and reverse...
According to SMM survey estimates, China's prebaked anode production in December 2024 was 1.9382 million tonnes, up 4.81 per cent Y-o-Y and down 0.17 per cent M-o-M. Among this, supporting prebaked anode production was 866,500 tonnes, and commercial prebaked anode production was 1.0717 million...
According to SMM statistics, China's aluminum production in December 2024 (31 days) increased by 4.13 per cent YoY, with cumulative production from January to December up 3.89 per cent Y-o-Y. In December, multiple aluminum smelters in Sichuan and Guangxi reduced production. Specifically, in...
According to SMM data, China's metallurgical-grade alumina production in December 2024 (31 days) increased by 1.67 per cent M-o-M and 9.80 per cent Y-o-Y. As of December 31, China's metallurgical-grade alumina existing capacity was approximately 103.02 million tonnes, with actual operating capacity...
Recently, Shanghai Metals Market (SMM) proffered a critical piece where the aluminium industry sat across the table, witnessing its own SWOT analysis. 2024 has been an eventful year, and the industry insights indicate a similar trend for 2025. The entire aluminium value chain, from the raw...
The SMM aluminium market has clocked a growth of RMB 100 per tonne to settle at RMB 19,770 per tonne as of today (January 2, 2025). The prices have grown in all the regions, with the highest in Gongyi and Shenyang, where it has gained RMB 110 per tonne to settle at RMB 19,770 per tonne and RMB...
The Shanghai Metals Market, on January 1, 2025, recorded a growth of RMB 70 per tonne to settle at RMB 19,770 per tonne, with the spot contract price expected to be traded at a discount price of RMB 30 to a premium price of RMB 10 per tonne. A00 aluminium ingot On the same day, the prices in...
Shanghai Metals Market (SMM), on the last day of the year, has been super active in the stance of base metal—aluminium pricing. From raw material to primary ingot to secondary ingot, such fluctuations in pricing have been a rare incident in recent times. During the winters, a lot of smelters have...
The SMM aluminium market is buzzing with activity, offering a blend of stability and subtle shifts across various segments. While some prices held their ground, others nudged lower, reflecting the ever-changing dynamics of supply and demand. From alumina to primary and secondary ingots and even...
China’s aluminium trading market, often seen as a bellwether for global trends, exhibited subtle yet telling shifts as per the latest Shanghai Metals Market (SMM) pricing report released on Thursday. Alumina and aluminium prices showed mixed dynamics, reflecting evolving supply-demand balances and...
Based on the General Administration of Customs data, the Shanghai Metals Market revealed that November primary aluminium imports were 13.8 per cent down month-on-month but 22.5 per cent up year-on-year. According to SMM, China’s imports of primary metal in November were 150,700 tonnes, which...
