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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PV aluminium extrusion: This week, the operating rate of surveyed PV aluminium frame enterprises remained stable. Some leading PV frame enterprises reported that their current orders were ample and sufficient to keep production running at high levels until month-end. Downstream, PV module...
Futures: SHFE aluminium closed at RMB 24,010 per tonne, down 0.62 per cent, with the price breaking below MA5 (around 24,160) but holding slightly above MA10 (23,988.5); short-term moving average support faces a test, while medium-term MA30 (23,469.5) and MA60 (23,699.67) remain in bullish...
Futures side: The aluminium alloy 2610 contract opened at RMB 23,500 per tonne today; after edging slightly higher in early trading, it pulled back under pressure and drifted lower overall, with the decline widening somewhat intraday. It closed at RMB 23,355 per tonne at midday, down 1.33 per cent....
Futures: SHFE aluminium closed at RMB 24,195 per tonne, down 0.62 per cent, with prices falling below MA5 (24,187) but still above MA10 (23,961), MA30 (23,435) and MA60 (23,708). Short-term moving average support is facing a test, but the medium-term bullish structure remains intact. The MACD...
According to the SMM survey, the operating rate of China's secondary aluminium industry rebounded slightly to 34.6 per cent in Jul 2026, up 1.4 percentage points M-o-M from June, while it fell 7.0 percentage points Y-o-Y. Operating rates among secondary aluminium alloy enterprises showed mixed...
Futures: SHFE aluminium closed at RMB 24,320 per tonne, up 0.58 per cent, with the price well above all key moving averages (MA5=24,117, MA10=23,907.5, MA30=23,377.83, MA60=23,716.17). Moving averages were in a bullish alignment and accelerating divergence, signalling a strong mid-term uptrend. The...
The overseas primary aluminium spot market remained subdued this week. Although limited restocking briefly improved trading activity in South Korea at the beginning of the week, the recovery was not sustained, and transactions weakened again from midweek. Elsewhere in Asia, the traditional...
Futures: SHFE aluminium closed at RMB 24,190 per tonne, up 0.64 per cent, hitting a new recent high. The price stood well above all key moving averages (MA5=23,998, MA10=23,815, MA30=23,312, MA60=23,720), with the MA system in a bullish alignment, confirming a clear medium-term uptrend. The MACD...
Guangxi Long'an Hetai New Materials Co., Ltd.'s Green New Materials Industry Chain Production Site Project has entered the trial production phase. This is the first alumina project in Nanning, filling the upstream gap in the city's aluminium industry chain. The enterprise uses imported bauxite as...
Futures: SHFE aluminium closed at RMB 23,950 per tonne, edged down 0.13 per cent, with the price above the MA5 (around 24,000) and all short- to medium-term moving averages (MA10=23,696.5, MA30=23,252.17, MA60=23,719.67), the moving average system in bullish alignment, the medium-term uptrend...
Macro perspective: Tensions between the US and Iran eased but major differences remain. Trump said negotiations between the two sides are underway, with the Strait of Hormuz expected to reopen on August 4; Iran and Oman reached a provisional agreement on a new shipping route, but emphasized it will...
Aluminium prices expected to consolidate on a strong note in short term amid macro fundamental tug-of-war between longs and shorts PV aluminium extrusion: Within this week’s surveyed sample, PV frame enterprises primarily focused on executing orders on hand, with the industry’s operating rate...
Secondary aluminium raw materials: China’s domestic aluminium scrap market prices were relatively stable this week, while the scrap-to-primary price difference widened again amid scrap’s struggles to catch up. Price-wise, primary aluminium prices continued to rise, driven by macro sentiment and...
On July 23, 2026, a delegation from Shanghai Metals Market (SMM) conducted an on-site visit to TRAN HONG QUAN METALLURGY Co., Ltd. (THQ) in Vietnam. The delegation included: Logan Lu, CEO of SMM Cason Lou, Director of Aluminium Processing, Marketing Department Lexi Chen, Key Account Manager for...
Futures: The aluminium alloy 2610 contract opened today at RMB 23,440 per tonne, with an intraday fluctuation range of RMB 23,420–23,545 per tonne, and closed at noon at RMB 23,520 per tonne, up 55 yuan from the settlement price, an increase of 0.23 per cent. Intraday futures drifted higher, with...
Futures: The most-traded SHFE aluminium 2609 contract settled at RMB 23,925 per tonne, up RMB 90 per tonne from yesterday's settlement price, an increase of 0.38 per cent. It opened at RMB 23,875 per tonne during the day and fluctuated in the range of RMB 23,835‑23,945 per tonne. Prices are trading...
Futures: The most-traded SHFE aluminium 2609 contract closed at RMB 23,835 per tonne, up RMB 70 from the previous settlement price, a gain of 0.29 per cent. It opened at RMB 23,785.00 per tonne today and fluctuated in a range of RMB 23,740–23,905 per tonne. Prices were trading above the MA5...
In the morning session, the centre of the SHFE aluminium 2608 contract edged slightly higher than yesterday, while downstream purchasing sentiment was sluggish. The aluminium price centre moved up, and the destocking pace slowed. SHFE aluminium retreated after a rapid rise in the night session, and...
