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 Metals Market data, China’s aluminium production in the last month of 2023 (31 days) registered a month-on-month increase of 2.12 per cent and a year-on-year rise of 3.6 per cent to reach 3.562 million tonnes. However, the average daily domestic output dropped by 1,400...
On Wednesday, January 10, China’s A00 aluminium ingot price has gained RMB 110 per tonne to clock at RMB 19,210 per tonne, with the average prices standing between RMB 19,190 per tonne and RMB 19,230 per tonne. As per the data, the prices in Chongqing and Tianjin have grown by RMB 120 per tonne to...
The Shanghai Metals Market has revealed the world’s largest alumina producer’s output in December 2023, and with that comes China’s total production figure for the entire year. As per the data shown, China’s metallurgical-grade alumina output in December 2023 (31 days) stood at 6.795 million...
China’s average alumina spot price has soared by RMB 6 per tonne, officiating at RMB 3,316 per tonne, while the alumina price in Shanxi has gained RMB 10 per tonne to halt at RMB 3,370 per tonne. In Guangxi, the alumina spot price has floated by RMB 15 per tonne to park at RMB 3,345 per tonne....
On Monday, January 8, China's A00 aluminium ingot price has lost RMB 140 per tonne to settle at RMB 19,160 per tonne, with the spot contract price expected to be traded at a discount price of RMB 20 to a premium price of RMB 20 per tonne. The average prices are expected to be traded between RMB...
According to the Shanghai Metals Market survey, aluminium ingot inventories in China have marked the beginning of the year 2024 with a notable hike. As per the data, social inventories of ingot across Chinese eight major consumption areas built up 28,000 tonnes week-on-week, reaching 462,000 tonnes...
According to SMM, the average alumina spot price in China has soared by RMB 35 per tonne to close at RMB 3,292 per tonne, while the alumina price in Shandong, Henan, Shanxi and Guizhou have all escalated by RMB 30 per tonne to officially settle at RMB 3,155 per tonne, RMB 3,330 per tonne, RMB 3,345...
LME aluminium opened at US$2,326 per tonne yesterday, with its high and low at US$2,337.5 per tonne and US$2,287 per tonne, respectively, before closing at US$2,306 per tonne, a decrease of US$19.5 per tonne or 0.84 per cent. On January 3, the London Metal Exchange registered falling aluminium...
The average alumina spot price in China has been following the growth trajectory since December 18, following the fuel blast deposit in Guinea . The explosion had sparked concern about a potential shortage of bauxite, affecting the alumina production in China. This has raised the buying enthusiasm...
The Shanghai Metals Market data has estimated that China's domestic aluminium production in December 2023 would be around 3.56 million tonnes, reflecting a year-on-year rise of 3.5 per cent and a month-on-month increase of 2.06 per cent. For the entire year, the estimation is 41.5 million tonnes of...
China’s alumina spot price has levitated by RMB 56 per tonne to clock at RMB 3,210 per tonne, whereas the alumina price in Guizhou has gained RMB 85 per tonne to close at RMB 3,200 per tonne. In Henan and Guangxi, the alumina spot prices have jumped up the graph by RMB 70 per tonne, stopping at RMB...
Based on the Shanghai Metals Market survey of 123 Chinese aluminium processing enterprises, composite PMI (Purchasing Manager’s Index) for aluminium processing industry was 43.6 per cent in December 2023, down from 47.3 per cent in November. The PMIs for aluminium plate/sheet and strip processing,...
According to the Shanghai Metals Market data, China’s social inventories of aluminium billets ended the year 2023 on Thursday, December 28, at a new low of 64,100 tonnes. On a week-on-week calculation, aluminium billet inventories witnessed a drop of 800 tonnes, and from Monday, December 25, saw a...
On Thursday, December 28, China's social inventories of aluminium ingot hit a new low for the year, standing at 434,000 tonnes. Compared to Monday, December 25, the inventories registered a fall of 9,000 tonnes, while from the previous week, December 21, the inventories stood 12,000 tonnes lower....
On Friday, December 29, the average alumina spot price in China heightened by RMB 47 per tonne to settle at RMB 3,119 per tonne. The alumina prices have been rising recently due to Guinea's fuel depot blast. As per the Shanghai Metals Market (SMM) data, the prices have grown significantly in all...
Today, on December 28, the SMM A00 aluminium ingot price has skyrocketed by RMB 290 per tonne to officially close at RMB 19,570 per tonne. The average prices have ranged between RMB 19,550 per tonne and RMB 19,590 per tonne. The SMM aluminium price graph has shown upscale movement after the last...
According to the Shanghai Metals Market survey, China's aluminium semis exports in November 2023 hit 452,000 tonnes, reflecting a month-on-month rise of 6.5 per cent and a year-on-year increase of 4.03 per cent. However, the country's total exports of aluminium semis from January to November...
According to the Shanghai Metals Market survey, China's average alumina spot price has hiked by RMB 8 per tonne over the weekend to stand at RMB 3,012 per tonne. That marked a rise for the second consecutive day, driven by rising purchase for future use when smelters resume production. In Henan and...
