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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According to the Shanghai Metal Market, the price of raw materials like alumina has again surged by RMB 15 per tonne, bringing the average price to RMB 4,058 per tonne. Also, in some regions, the alumina price is high, like in Shanxi, where the price has improved by RMB 25 per tonne to peg at RMB...
According to the Shanghai Metals Market (SMM) survey, as of 25th September 2024, China’s average A00 aluminium ingot price has skyrocketed by RMB 360 per tonne to reach RMB 20,160 per tonne. This huge increase brings the average price higher W-o-W by RMB 370 per tonne from RMB 19,790 per tonne. The...
According to the Shanghai Metals Market (SMM) survey, as of September 24, 2024, the average alumina price has shown steady growth, indicating the growing demand for the raw materials. As of today, the alumina price has surged by RMB 13 per tonne to peg at RMB 4,039 per tonne. Region wise price rise...
As of 23rd September 2024, according to the Shanghai Metal Market (SMM), the week initiated with a surge in alumina price by RMB 20 per tonne to officially close at RMB 4,026 per tonne. This brings the average price higher from the same day the previous month by RMB 119 per tonne from RMB 3,907 per...
According to the Shanghai Metal Market (SMM), alumina price has surged by RMB 13 per tonne, averaging at RMB 4,006 per tonne as of 20th September. This brings the price higher by RMB 99 per tonne in one month from RMB 3,907 per tonne. The price has increased in almost all the key regions. Like in...
According to the Shanghai Metals Market (SMM), the average alumina spot price has skyrocketed by RMB 18 per tonne to clock at RMB 3,993 per tonne. This significant growth in China’s domestic alumina price highlights the growing demand for alumina to support the increased production of primary...
In August 2024, China’s imports and exports of unwrought aluminium and aluminium products increased, suggesting an increase in domestic production and a gradual recovery in demand aligned with a ramp-up in overseas orders for Chinese aluminium semis. Overview of August imports According to the...
According to the Shanghai Metal Market (SMM), alumina prices have again surged for the 5thday at a stretch. Today, as of 18th September, the price has ascended by RMB 7 per tonne, reaching RMB 3,975 per tonne. The increase in key regions like Henan, Shanxi and Guizhou is even higher, with prices up...
China's primary aluminium production and supply remained stable in August 2024 without being affected by power shortages in Sichuan, found the Shanghai Metals Market survey. According to SMM data, China's primary aluminium production in August marginally grew month-on-month from the previous...
According to the Shanghai Metals Market (SMM), China’s average alumina price has again gained RMB 4 per tonne after the three consecutive days of restraint. With the latest rise, the price has reached a new high in two years at RMB 3,942 per tonne, marking a week-on-week increase of RMB 10 per...
According to the Shanghai Metal Market survey (SMM), as of 9th August 2024, the week initiated a reduction in China’s A00 aluminium ingot price by RMB 50 per tonne. Today, the average aluminium price settled at RMB 19,160 per tonne, with the spot contract price likely to be traded at a discount...
Dr Yanchen Wang is the Managing Director of the SMM UK office, which was established in May 2021. Currently, he focuses on base metals, battery metals market research, and overseas business development for SMM. Dr Yanchen Wang has a PhD in Engineering from the Chinese Academy of Sciences and is a...
After surpassing 7 million tonnes in July 2024, China's metallurgical-grade alumina production continued its upward trajectory in August, showing a month-on-month increase of 0.67 per cent, according to the Shanghai Metals Market. On a year-on-year basis, the output in August registered a hike of...
On September 6, 2024, the A00 aluminium ingot price in China, as reported by the Shanghai Metal Market (SMM), ended the week with a dwindle in price by RMB 90 per tonne, following a slight decrease the day before. The price settled at RMB 19,210 per tonne, increasing the month-on-month price by RMB...
China’s A00 aluminium ingot price has continued to decline on Thursday, September 5, albeit at a slower rate. According to the Shanghai Metals Market survey, the price dwindled by RMB 30 per tonne, reaching at RMB 19,300 per tonne. The average prices are estimated to range between RMB 19,280 per...
As of 2nd September, the Shanghai Metal Market (SMM) China’s A00 aluminium ingot price initiated the month with an average price of RMB 19,460 per tonne, dropped by RMB 170 per tonne from the previous day. The average price is likely to fluctuate between RMB 19,440 per tonne to RMB 19,480 per...
According to the Shanghai Metal Market survey (SMM), as of 30th August, China’s A00 aluminium ingot price has surged by RMB 80 per tonne after a huge downfall the previous day by RMB 250 per tonne. Today, the average aluminium price closed at RMB 19,630 per tonne. The week ends on a more or less...
On Thursday, August 29, China’s A00 aluminium ingot price has declined by RMB 250 per tonne to settle at RMB 19,550 per tonne, with the average price expected to stand between RMB 19,530 per tonne and RMB 19,570 per tonne. The spot contract price will be traded at a discount price of RMB 110 per...
