Futures: The most-traded SHFE aluminium contract opened at RMB 24,400 per tonne in the night session on September 7, reached a high of RMB 24,470 per tonne and a low of RMB 24,335 per tonne, and closed at RMB 24,450 per tonne, up 30 from the previous close, a gain of 0.12 per cent. Prices traded...
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,...
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On the day of Christmas, as the world is in a celebratory mood, the aluminium price on the Shanghai Metals Markert is on the hiking trend, bringing good news for investors. As of December 25, 2024, the Shanghai Metals Market (SMM) reported the following prices for alumina and aluminium ingots:...
According to the Shanghai Metals Market survey, China’s primary aluminium and input costs have shrunk overnight, indicating muted demand for the commodities. The only exception is bauxite, with its domestic price remaining unchanged and imported price gaining US$ 0.08 per tonne to US$105.84 per...
According to the Shanghai Metals Market survey, China’s unwrought aluminium alloy imports in November 2024 recorded a month-on-month decline of 11.6 per cent and a year-on-year fall of 8.8 per cent to reach 200,000 tonnes. The cumulative imports reached 1.1076 million tonnes, reflecting an annual...
On Monday, December 23, aluminium (both primary and secondary) keeps climbing the pricing ladder at the Shanghai Metals Market (SMM). However, as per the SMM listing, alumina prices (both average and provincial pricing) remained stable, showing no changes from the previous week's closing session....
On December 20, 2024, a sudden development emerged as aluminium prices in the Shanghai Metals Market (SMM) witnessed a substantial surge. As of the latest trading session, the prices of both A00 aluminium ingot and aluminium alloy ingot have all seen notable increases. Image Source:...
Today, on December 19, the Shanghai Metals Market has indicated a drop in alumina and aluminium prices. Traditional off-season in China causing lessened demand for primary aluminium among the downstream industry is one of the major factors for sequential aluminium price fall, while production cuts...
The comprehensive operating rate of China’s domestic aluminium wire and cable industry in November 2024 saw a month-on-month increase of 1.27 per cent and a year-on-year hike of 10.36 per cent, nearing 60 per cent. The operating rate increased without being impacted by temperature on power grid...
As the week progresses, the price listing of aluminium dips lower on the graph in the Shanghai Metals Market (SMM). According to their Wednesday (December 18) listing, apart from alumina, majority of the commodities have either remained stagnant or lost value from their previous pricing. Image...
In three months, from September to November, the Shanghai Metals Market (SMM) saw a price swell in the aluminium segment that was unmatched in the long past. It was attributed to a range of factors, from international supply shortages to heightened domestic production capacity in China. However,...
The aluminium metal segment in the Shanghai Metals Market has seen an across-the-board downward pricing trend on Monday, December 16. On one hand, the non-ferrous metal's primary and secondary ingot pricing has declined, and on the other hand, the alumina pricing has remained stagnant after abrupt...
According to the Shanghai Metals Market survey, China's A00 aluminium ingot price has gained RMB 40 per tonne to reach RMB 20,420 per tonne on Thursday, December 12. Since the beginning of the week, China's domestic aluminium ingot prices have moved within a fixed range, hovering between RMB...
In November 2024, just ahead of the cancellation of the aluminium semis export tax rebate on December 1, overseas orders for Chinese extruded aluminium products surged, driving some billet enterprises to increase operations. Therefore, despite one less operating day in November than October,...
On Wednesday, December 11, the average price of a00 primary aluminium ingot in the Shanghai Metals Market (SMM) increased by RMB 30 and stood at RMB 20,380 per tonne with a range of RMB 20,360 to 20,400 per tonne. The average pricing of the primary metal ingot has witnessed a depletion of 5.2 per...
According to the Shanghai Metals Market survey, China’s domestic aluminium production destabilised in November 2024 (30 calendar days), recording a month-on-month downfall of 3.21 per cent, attributed to environment protection-related controls requiring production cuts during the dry season. In...
The price of a00 primary aluminium ingot, on Tuesday, December 10, has descended a diminutive amount to its yesterday's pricing. On December 11, 2023, the Shanghai Metals Market closed with the metal's average pricing being listed at RMB 18,380 per tonne, and on Tuesday, as the week progressed, the...
After three months of continuous upheaval in alumina's pricing at the Shanghai Metals Market (SMM), today, on December 09, the crystalline substance's price ultimately remained unfazed. Image Courtesy: Flickr (Jorge Sá) Alumina price trend Both the average price and the provincial prices remained...
As the first week of the last month concludes, the price of primary and secondary aluminium ingots in the Shanghai Metals Market (SMM) stretches towards stability despite the week-long ups and downs. On Thursday, December 6, the price of a00 primary aluminium ingot was listed within a range of RMB...
The primary and secondary aluminium ingot pricing in the Shanghai Metals Market is on a high-jumping spree as the week progresses towards closing. The average price of a00 aluminium ingot on Thursday, December 05, was listed as RMB 20,550 per tonne, within a limited range of RMB 20,530-20,570 per...
