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...
Grow with
AL Circle
Imagine it is the final trading week of December 2031. A cargo vessel loaded with Guinean bauxite is approaching a Chinese port after weeks at sea. An aluminium smelter in the Middle East is preparing to price its next monthly shipment to an automotive customer in Europe. A commodity trader in...
Futures: The most-traded SHFE aluminium 2608 contract closed at RMB 23,090 per tonne, down RMB 135 or 0.58 per cent from yesterday's settlement price. It opened the day at RMB 23,120 per tonne and fluctuated within a range of RMB 23,090–23,190 per tonne. Prices were above the 5-day MA (23,116.00)...
In the morning session, the trading centre of the SHFE aluminium 2606 contract was below the level at the same time of the previous trading day. Affected by the off-season, market procurement sentiment remained weak today, with mainly just-in-time procurement and ample circulating goods....
Futures: The most-traded SHFE aluminium 2608 contract closed at RMB 23,165 per tonne, down 45 yuan or 0.19 per cent from yesterday’s settlement price. It opened at RMB 23,350 per tonne intraday and fluctuated in the range of RMB 23,165–23,380 per tonne. The price was trading above the MA5...
Futures side: The Aluminium Alloy 2609 contract opened today at RMB 22,865 per tonne, with an intraday high of RMB 23,060 per tonne and a low of RMB 22,825 per tonne, closing at midday at RMB 23,005 per tonne, up RMB 180 per tonne, or 0.79 per cent. In early trading, prices edged down to the...
China's exports of unwrought aluminium and downstream products reached a record high in June, according to official customs data released on Tuesday. Exports rose to 711,000 tonnes in June, the first time monthly shipments exceeded the 700,000-tonne mark. The volume was 12.5 per cent higher than...
Futures: The most-traded SHFE aluminium 2608 contract settled at RMB 23,075 per tonne, up RMB 75 from yesterday’s settlement price, a rise of 0.33 per cent. It opened at RMB 23,040 per tonne and traded in a range of RMB 23,025-23,160 per tonne. The price traded above the MA5 (23,042.00) and MA10...
Futures: Overnight, the most-traded aluminium alloy 2609 contract closed at 22,830, down 135 from the previous period, a decline of 0.59 per cent. Trading volume was 3,301, up 71 M-o-M, and open interest was 19,216, up 129 M-o-M. The current WR indicator at -38.96 is in the mid-range and has not...
In the first half of 2026, China's aluminium extrusion industry presented an extreme pattern of structural divergence. Traditional construction extrusion demand remained persistently weak, dragging down the industry’s overall operating load, while industrial extrusion maintained high prosperity,...
Macro perspective The US-Iran situation escalated rapidly, as the US reinstated comprehensive oil sanctions on Iran, terminated the relevant memorandum of understanding, and launched strikes on over a hundred Iranian military facilities. Iran immediately retaliated, causing a sharp rise in...
In H1 2026, SHFE aluminium prices followed a "higher earlier, lower later" trajectory. In Q1, macro expectations for US Fed interest rate cuts intertwined with Middle East geopolitical conflicts, driving aluminium prices to surge to historical highs. Entering Q2, as the US strong-dollar policy...
Aluminium scrap: This week, the aluminium scrap market continued to see a tug-of-war between cost-supported floors and sluggish off-season demand, with prices moving sideways. The SMM A00 spot aluminium price closed at around RMB 22,950 per tonne on July 9. The decline in aluminium scrap was...
Futures: The most-traded SHFE aluminium contract opened at RMB 23,130 per tonne in the night session on July 9, with a high of RMB 23,220 per tonne, a low of RMB 22,985 per tonne, and closed at RMB 23,105 per tonne, up 0.20 per cent from the previous close. During this period, prices continued...
Today, the SHFE aluminium 2608 contract opened at RMB 23,075 per tonne, reached a high of RMB 23,095 per tonne, dipped to a low of RMB 22,850 per tonne, and finally settled at RMB 23,060 per tonne, down RMB 10 per tonne or 0.04 per cent from the previous trading day. Trading volume was 165,200 lots...
Futures: On the night session of July 8, the most-traded SHFE aluminium contract opened at RMB 23,075 per tonne, reached a high of RMB 23,080 per tonne and a low of RMB 22,965 per tonne, and finally closed at RMB 23,020 per tonne, down 0.24 per cent from the previous close. During this period,...
In the morning session, the trading centre of the SHFE aluminium 2606 contract was higher than the same period of the previous trading day. Market selling sentiment strengthened from the previous day, as some downstream players, expecting a near-term rise in aluminium prices, saw buying sentiment...
Futures: The most-traded SHFE aluminium contract opened at RMB 22,940 per tonne in the night session on July 7, with a high of RMB 23,130 per tonne, a low of RMB 22,940 per tonne, and closed at RMB 23,055 per tonne, up 0.50 per cent from the previous close. During this period, prices rebounded from...
Survey data on operating rates of secondary aluminium alloy enterprises by region and scale in June 2026: According to an SMM survey, the operating rate of the secondary aluminium industry in June 2026 fell 0.9 percentage points M-o-M from May to 33.3 per cent, a decline of 7.6 percentage points...
