September peak season destocking supports aluminium prices, macro risks still warrant vigilance
Futures: The most-traded SHFE aluminium contract opened at RMB 24,470 per tonne in the night session on September 8, reached a high of RMB 24,660 per tonne and a low of RMB 24,420 per tonne, and closed at RMB 24,645 per tonne, up RMB 185 per tonne or 0.76 per cent from the previous close. Futures...
Guizhou Aluminum Plant's diesel anode transport vehicle passes inspection, ships to Kazakhstan
The diesel anode transport vehicle independently developed by Guizhou Aluminum Plant has successfully passed factory inspection and been officially loaded for shipment to Kazakhstan. The anode transport vehicle is a core specialised equipment for aluminium electrolysis production, facing harsh...
Grow with
AL Circle
China’s alumina production declines slightly M-o-M in January 2021 due to production restrictions in heating season
According to the Shanghai Metals Market, China’s alumina production started the year with a drop of 1 per cent month-on-month in January 2021. Compared to 5.96 million tonnes in December 2020, China produced 5.90 million tonnes of alumina in January 2021. This included 5.69 million tonnes of...
A00 aluminium ingot price stands highest this year at RMB15740/t; Aluminium alloy (A356) price expands by RMB150/t
A00 aluminium ingot price has increased further for the fourth day in a row by RMB 140 per tonne to RMB 15,740 per tonne amid muted input costs on Tuesday, February 9, found the Shanghai Metals Market. This marks the highest price since the beginning of 2021. According to SMM, the average prices...
A00 aluminium ingot price exceeds RMB15,500/t; Aluminium alloy(A356) price gains RMB100/t to clock at RMB16,300/t
A00 aluminium ingot price has increased further for the third consecutive day to exceed RMB 15,500 per tonne, as of Monday, February 8, found the Shanghai Metals Market. Data shows the price is standing at RMB 15,600 per tonne witnessing a growth of RMB 90 per tonne. The average prices are expected...
China’s aluminium billet inventories grow by 27,400 tonnes this week on lower downstream demand ahead of CNY
Shanghai Metals Market data showed 6063 aluminium billet inventories increased by 27,400 tonnes this week, ending on Thursday, February 4, across five major consumption areas, including SHFE warrants. The stocks thus came in at 128,200 tonnes compared to 100,700 tonnes last week, mainly...
A00 aluminium ingot price settles above RMB15,500/t; Aluminium alloy(A356) price climbs by RMB150/t
According to the Shanghai Metals Market, A00 aluminium ingot price has extended its growth by RMB 160 per tonne to close the week on Friday, February 5, at RMB 15,510 per tonne. The average prices are expected to range between RMB 15,490 per tonne and RMB 15,530 per tonne, with spot contract to be...
Primary aluminium inventories build-up 32,000 tonnes to 714,000 tonnes, highest since October 2020
According to Shanghai Metals Market, social inventories of primary aluminium have built-up 32,000 tonnes week-on-week across eight major consumption areas in China, including SHFE warrants. Data shows the inventories are standing at 714,000 tonnes as of February 4, the highest since October 15,...
A00 aluminium ingot price in China ascends to RMB15,350/t; It drives aluminium alloy (A356) price hike to RMB16,050/t
A00 aluminium ingot price has soared by RMB 320 per tonne to stand at RMB 15,350 per tonne on Thursday, February 4, following a plunge of RMB 160 per tonne to RMB 15,030 per tonne on February 3, found Shanghai Metals Market. The average prices are expected to range between RMB 15,330 per tonne and...
Prebaked anode price in Central China grows by RMB55/t after almost a month-long restraint; A00 aluminium ingot price declines
According to Shanghai Metals Market, prebaked anode price in central China has recorded a hike of RMB 55 per tonne to peg at RMB 3,700 per tonne on Tuesday, February 2, following almost a month-long restraint at RMB 3,645 per tonne. The average prices are expected to range between RMB 3,500 per...
Chinese aluminium processors’ operating rates drop 3.6 percentage points due to less operation for forthcoming CNY holiday
According to the Shanghai Metals Market survey, aluminium processors’ operating rates declined last week by 3.6 percentage points from a week ago, primarily attributing to less operation ahead of the Chinese New Year (CNY) holiday and tight logistics. Construction extrusion, wire and cable, and...
A00 aluminium ingot price gains RMB100/t after three consecutive days of decline; Input costs remain muted
A00 aluminium ingot price has recorded a hike of RMB 100 per tonne to close the week on Friday, January 29, at RMB 14,970 per tonne, after declining in the past three days in a row from RMB 15,030 per tonne to RMB 14,870 per tonne, found Shanghai Metals Market. The average prices are expected to...
Primary aluminium inventories gain 13,000 tonnes this week to stand at 682,000 tonnes
According to Shanghai Metals Market, social inventories of primary aluminium have gained 13,000 tonnes week-on-week across eight major consumption areas in China, including SHFE warrants. Data shows the stocks this week, ending on Thursday, January 28, have come in at 682,000 tonnes compared to...
China’s alumina spot price settles higher for the fourth consecutive day at RMB2403/t; A00 aluminium ingot price extends downfall
Extending hike for the fourth day in a row by RMB 5 per tonne, the average alumina spot price in China is standing at RMB 2,403 per tonne on Wednesday, January 27, according to Shanghai Metals Market data. All the major Chinese markets have also witnessed the growth of RMB 5 per tonne. In Shandong,...
China’s aluminium billet inventories increase by 1600 tonnes this week on January 21
According to Shanghai Metals Market, 6063 aluminium billet inventories gained 1,600 tonnes week-on-week, ending on Thursday, January 21, across the five major Chinese consumption areas. Data shows the inventories this week has come in at 84,300 tonnes versus 82,700 tonnes last Thursday, January 14....
China’s alumina spot price gains RMB9/t after remaining restrained for a day; A00 aluminium ingot price sheds RMB20/t
After a restraint last day at RMB 2,376 per tonne, the average alumina spot price has recorded a growth of RMB 9 per tonne to close the week on Friday, January 22, at RMB 2,385 per tonne, according to Shanghai Metals Market. However, the hike today has not touched upon all the major Chinese cities,...
Primary aluminium inventories fall by 15,000 tonnes after three consecutive weeks of growth
According to Shanghai Metals Market, social inventories of primary aluminium have decreased by 15,000 tonnes week-on-week across eight major Chinese consumption areas, including SHFE warrants, after the past three consecutive weeks of rising. The stocks, as of Thursday, January 21, have come in at...
A00 aluminium ingot price rebounds to over RMB15000/t; Aluminium alloy (A356) price surges by RMB250/t
A00 aluminium ingot price has jumped by RMB 270 per tonne on Thursday, January 21, to stand above RMB 15,000 per tonne, following the past two consecutive days of decline. Shanghai Metals Market data shows the primary aluminium ingot price has come in at RMB 15,020 per tonne, with average prices to...
China’s alumina spot price edges higher at RMB2376/t after two days of restraint; A00 aluminium ingot price declines
Average alumina spot price in China has recorded a growth of RMB 9 per tonne on Wednesday, January 20, after remaining restrained at RMB 2,367 per tonne in the past two consecutive days. The price today has clocked at RMB 2,376 per tonne, according to Shanghai Metals Market data. In Shandong and...
China’s 2020 aluminium production records 4.9% growth to 37.08MT, with December output at all-time high
According to the latest data revealed by the National Bureau of Statistics (NBS), China’s aluminium production in 2020 increased by 4.9 per cent year-on-year to stand at 37.08 million tonnes, attributing to capacity ramp-up by smelters to cash in on soaring prices. Output in December stood all-time...
