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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Amid continued decreasing inventories, China’s domestic primary aluminium price was found to exceed the RMB 19,000 per tonne level this week after more than a month. Besides this, other prime events occurred this week were the appointment of Matt Reed as Alcoa’s Executive Vice President and Chief...
LME aluminium opened at US$2237 per tonne yesterday, with its high and low at US$2248 per tonne and US$2222 per tonne, respectively, before closing at US$2248 per tonne, up 0.11 per cent. On December 21, the LME aluminium live price chart showed descending price trends. The LME aluminium cash bid...
On Friday, December 22, China's average alumina spot price increased by RMB 6 per tonne after remaining unchanged since December 19. As per the data, the alumina price as of today has clocked at RMB 3,004 per tonne, followed by a growth of RMB 10 per tonne in Shandong and Shanxi to close at RMB...
According to the Shanghai Metals Market data, aluminium billet inventories in China have recorded a plunge of 17,300 tonnes or 21.05 per cent week-on-week across the five major Chinese consumption areas. Thus, the inventories have come in at 64,900 tonnes on December 21 compared to 82,200 tonnes on...
On December 21, the SMM aluminium price chart showed a linear growth, with the SMM aluminium price discarding RMB 20 per tonne to arrive at a rate of RMB 18,960 per tonne. The average prices have ranged between RMB 18,940 per tonne and RMB 18,980 per tonne. Comparison of price points If we take the...
On Wednesday, December 20, the A00 aluminium ingot price in China has grown by RMB 40 per tonne to clock at RMB 18,980 per tonne, with average prices between RMB 18,960 per tonne and RMB 19,000 per tonne. The spot contract price may be traded at a discount price of RMB 10 per tonne to a premium...
LME aluminium opened at US$2283 per tonne yesterday, with its high and low at US$2283 per tonne and US$2257 per tonne, respectively, before closing at US$2265 per tonne, down 0.74 per cent. The LME aluminium live price chart, on December 19, displayed that there have been slight hikes in aluminium...
On December 15, last week, the LME aluminium live price chart, showed measurable surge in aluminium prices, with the LME aluminium cash bid price and the LME aluminium official price increasing by US$59.50 per tonne or 2.78 per cent and US$59 per tonne or2.76 per cent to officially close at...
According to the Shanghai Metals Market survey, A00 aluminium ingot price has increased over the weekend for the fifth day in a row by RMB 130 per tonne to reach RMB 18,900 per tonne on December 18. Thus, on a week-on-week basis, China’s primary aluminium ingot price has hiked by RMB 520 per tonne...
Today, the SMM aluminium price chart displays a noticeable increase of RMB 140 per tonne, with the price reaching RMB 18,770 per tonne. The average prices have circulated between RMB 18,750 per tonne and RMB 18,790 per tonne. In the Second Half of 2023, the SMM A00 aluminium ingot prices were...
On Thursday, December 14, China’s A00 aluminium ingot price has hiked by RMB 180 per tonne to settle at RMB 18,630 per tonne, with the average prices standing between RMB 18,610 per tonne and RMB 18,650 per tonne. As per the SMM data, the spot contract price may be traded at a discount price of RMB...
If we follow the SMM price chart, we can see that the Chinese aluminium market has not seen extreme growth in 2023; instead, the prices stayed around the average of RMB 18,000 per tonne, with a slight recovery on April 20, when the price stood at RMB 19,110 per tonne. Today, on December 13, the SMM...
According to the Shanghai Metals Market survey, China's metallurgical-grade alumina production in November 2023 recorded a further M-o-M decline to stand at 6.745 million tonnes. The output decreased by 1.44 per cent over a month from 6.842 million tonnes. But the daily average output stood 1.86...
Yunnan’s aluminium production shutdowns due to the ongoing dry season have resulted in lower aluminium output in November 2023. According to the Shanghai Metals Market survey, China’s aluminium production in the said month stood at 3.488 million tonnes, down by 4.2 per cent from 3.641 million...
The unstable consumption pattern of China’s domestic aluminium ingot has pushed the A00 aluminium ingot price further down on Monday, December 11, 2023, found the Shanghai Metals Market. As per the official data, the price has plunged by RMB 140 per tonne over the weekend to stand at RMB 18,380 per...
According to the Shanghai Metals Market survey, China's domestic aluminium ingot inventories are decreasing faster than expected. The estimated reason is the production cut in Yunnan, resulting in slower arrivals of stocks to warehouses. As per the data shown on December 7, the inventories halted...
On December 8, the Shanghai Metals Market witnessed a slow boost in aluminium prices, with the SMM A00 aluminium ingot price gaining RMB 40 per tonne to rest at RMB 18,520 per tonne. The average aluminium prices have circulated between RMB 18,500 per tonne and RMB 18,540 per tonne. China’s central...
On Thursday, December 7, China’s A00 aluminium ingot price has fallen by RMB 80 per tonne to clock at RMB 18,480 per tonne. The prices have dropped in all the provinces, with the highest in Gongyi and Foshan, where it has dipped by RMB 100 per tonne to clock at RMB 18,590 per tonne. In Hangzhou,...
