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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After recording back-to-back growth over the past few days, the A00 aluminium ingot price has dropped by RMB 60 per tonne on Friday, May 19, to reach RMB 18,540 per tonne. On a W-o-W calculation, a hike of RMB 650 per tonne was recorded from RMB 17,890 per tonne on May 12. As per the SMM data, the...
The current aluminium price in China has halted at RMB 18,600 per tonne, with a stark increase of RMB 210 per tonne, as the Shanghai Metals Market reported on May 18, Thursday. The average aluminium price trends are between RMB 18,580 per tonne and RMB 18,620 per tonne. The premium prices have...
The current aluminium price in China has halted at RMB 18,240 per tonne, with a levitation of RMB 210 per tonne, as the Shanghai Metals Market reported on May 16, Tuesday. The average aluminium price trends are between RMB 18,220 per tonne and RMB 18,260 per tonne. The premium prices have ranged...
According to the Shanghai Metals Market, China’s social inventories of aluminium ingot further tumbled by 48,000 tonnes over a week across the eight major consumption areas, including SHFE warrants, to halt at 787,000 tonnes as of Thursday, May 11. We see the beginning of May to be sluggish, but...
China’s A00 aluminium ingot price has increased by RMB 30 per tonne levitation in China, officially closing at RMB 18,390 per tonne, as the Shanghai Metals Market recorded on May 10, Wednesday. The average prices are expected to range between RMB 18,370 per tonne and RMB 18,410 per tonne, with spot...
According to the Shanghai Metals Market survey, China’s aluminium smelters operating rates in primary production hubs, including Shandong, Xinjiang, and Inner Mongolia, stood robust in March 2023. The amalgamated installed aluminium capacity in these three provinces was 20.65 million tonnes, nearly...
According to the Shanghai Metals Market (SMM), A00 aluminium ingot price in China has fallen by RMB 110 per tonne on Tuesday, April 9, to stand at RMB 18,360 per tonne. The spot contract prices are expected to be traded at a premium price of RMB 20 to RMB 60 per tonne, with the average prices...
A00 aluminium ingot price has witnessed RMB 110 per tonne levitation in China, officially closing at RMB 18,470 per tonne, as the Shanghai Metals Market recorded on May 8, Monday. The average prices are expected to range between RMB 18,450 per tonne and RMB 18,490 per tonne, with spot contracts...
China’s social inventories of primary aluminium across eight major consumption areas, including SHFE warrant, recorded a fall of 18,000 tonnes week-on-week to stand at 835,000 tonnes as of Thursday, May 4, found the Shanghai Metals Market data. On a year-on-year calculation, aluminium ingot...
A00 aluminium ingot price has gained RMB 30 per tonne, officially closing at RMB 18,510 per tonne, as the Shanghai Metals Market recorded on May 4, Thursday. The average prices are expected to range between RMB 18,490 per tonne and RMB 18,530 per tonne, with spot contracts trading at discount...
On Thursday, April 27, the domestic aluminium billet social inventory plunged by 10,600 tonnes W-o-W to stand at 142,000 tonnes . Foshan and Wuxi were the primary contributors to the drop in stock, while other locations saw little to no movement in their inventory. This week, the weekly average...
According to the Shanghai Metals Market survey, social inventories of primary aluminium ingot across eight major consumption areas, including SHFE warrants, stood at 853,000 tonnes on Thursday, April 27, experiencing a plunge of 53,000 tonnes week-on-week from 906,000 tonnes. Compared to Monday,...
On Friday, April 28, China’s A00 aluminium ingot price has slipped by RMB 90 per tonne to stand at RMB 18,480 per tonne, with the spot contract price expected to be traded at a discount price of RMB 30 per tonne and a premium price of RMB 10 per tonne. The average prices are expected to range...
According to the Shanghai Metals Market, China’s A00 aluminium ingot price has slumped by RMB 180 per tonne on Thursday, April 27, to stand at RMB 18,570 per tonne, marking a downtrend for almost a week. Hence, on a week-on-week calculation, the price is down by RMB 570 per tonne or 2.83 per cent...
According to the Shanghai Metals Market data, A00 aluminium ingot price has fallen for the third day despite sluggish primary aluminium inventories across China. Then what could be the reason behind the price fall? Well, weaker metal consumption by downstream producers could be a factor for the...
Here we ring the last bell to the “Global Aluminium Expo 2023” as we reach the final day. Thank you for your generous participation in the first two days, but before we bid adieu to each other, let’s celebrate the last day together. One more time, let us reunite, share knowledge, and build new...
According to the Shanghai Metals Market (SMM), China's domestic A00 aluminium ingot price has skyrocketed by RMB 170 per tonne to exceed RMB 19,000 per tonne after over two months. From RMB 18,860 per tonne on April 18 , the price leapt to RMB 19,030 per tonne on April 19, close to the price on...
According to China customs data, Chinese unwrought aluminium and aluminium semis exports in March 2023 amounted to 497,000 tonnes, bringing the total exports of the first quarter to 1.38 million tonnes. The monthly exports in March’23 registered a year-on-year fall of 16.3 per cent, while the...
