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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The price progress of alumina in the Shanghai Metals Market (SMM) has continued to maintain its upward trajectory, arriving at RMB 5,209 per tonne as of today. The alumina price has hiked by RMB 41 per tonne and W-o-W the price has grown by 5.23 per cent from RMB 4,950 per tonne on October 29....
China’s domestic aluminium processing industry saw a 12.64 per cent downturn in the Purchasing Manager Index (PMI) during October 2024, reflecting a transition from peak to the traditional off-season. Although the PMI level in the said month stood above 50, the worsened trend in the preceding month...
The average alumina spot price in China has opened the week with a surge of RMB 59 per tonne to settle at RMB 5,168 per tonne. As per the Shanghai Metals Market (SMM), the alumina price has continued its record-breaking climb, reflecting a W-o-W hike of RMB 268 per tonne or 5.46 per cent. Image...
Environmental protection inspection and measurement have resumed in some Chinese provinces like Henan, which may cause aluminium plate, sheet and strip enterprises to reduce production. The Shanghai Metals Market is closely monitoring the situation as Henan is a hub for aluminium plate, sheet and...
As the week concludes, the price progress of alumina in the Shanghai Metals Market (SMM) continues to break records. The week started with the average alumina price of RMB 4900 per tonne and concluded with RMB 5,109 per tonne on November 1, 2024, with a total increase of close to 4.3 per cent...
The average alumina spot price in China, without much surprise, has finally reached the RMB 5000 mark. As of today, the price has hiked by RMB 57 per tonne to arrive at RMB 5,007 per tonne, reflecting a Y-o-Y surge of 66.40 per cent. The alumina prices have been growing significantly since...
The average alumina spot price in China shows no signs of easing its upward trajectory shortly amid limited bauxite inflow into the domestic market to feed refineries and heavy demand for alumina for primary aluminium production. As of October 28, China's domestic alumina price has entered yet...
According to the General Administration of Customs, China's primary aluminium import receded from its monthly high in September 2024, marking a sequential decline of 16 per cent. Even on an annual basis, the import volume decreased by 31.7 per cent, astonishing the industry for the unprecedented...
The week four of October 2024 closes with the frown on the traders' foreheads worsening as the alumina price range does not disperse any ray of hope. On October 25, the price of alumina was only RMB 50 short of touching 5,000 as the price range in Shandong and Shanxi reflected to be RMB 4,800-4,950...
As week four of October progresses, the price of alumina, too, advances towards touching RMB 5000 in the Shanghai Metals Market, which can be safely said to be the highest in the known time frame. On Thursday, October 24, alumina prices in the SMM market touched RMB 4,810 per tonne, whereas some of...
The Shanghai Metals Market (SMM) price indicator for alumina on Thursday, October 17, shows a gain of RMB 57 per tonne, totalling RMB 4556 per tonne. In Shandong and Henan regions, the price reached average RMB 4550 per tonne (ranging between RMB 4450-4650 per tonne in Shandong and RMB 4500-4600...
In September 2024, China's aluminium production increased by 1.45% compared to the previous year, aligning with the expected figures from the Shanghai Metal Market. The operation resumption in Sichuan and Guizhou after technical upgrades boosted the production on a year-on-year basis. However, on a...
According to the Shanghai Metals Market (SMM), the average alumina spot price has surged significantly by RMB 94 per tonne to clock at RMB 4,398 per tonne. The prices have grown in most provinces, with the highest in Shandong and Shanxi, where it has skyrocketed by RMB 100 per tonne to settle at...
In September 2024, China’s monthly production of metallurgical-grade alumina retreated from its peak by losing 4.27 per cent month-on-month. However, on a year-on-year basis, the output in September increased by 2.69 per cent from 6.732 million tonnes. Based on the above data provided by the...
On Monday, October 14, the average alumina spot price in China opened the week with a surge of RMB 63 per tonne to halt at RMB 4,304 per tonne. W-o-W, the alumina price had grown by RMB 196 per tonne from RMB 4,108 per tonne. As of today, the prices in regions like Shanxi and Shandong have gained...
On Wednesday, October 9, China’s A00 aluminium ingot price declined by RMB 150 per tonne to settle at RMB 20,450 per tonne, with the spot contract price expected to be traded at a discount price of RMB 60 to RMB 20 per tonne. The average prices are expected to range between RMB 20,430 per tonne and...
According to the Shanghai Metal Market (SMM), today, the week initiated with a surge in average prices of raw materials like alumina by RMB 18 per tonne to reach RMB 4,092 per tonne. This increased the price by RMB 189 per tonne in three months from RMB 3,903 per tonne. The price has expanded in...
According to the Shanghai Metal Market (SMM), today, the weekends have a surge in average prices of raw materials like alumina by RMB 16 per tonne, reaching RMB 4,074 per tonne. This brings the price higher by RMB 158 per tonne in one month from RMB 3,916 per tonne. The price has increased in some...
