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...
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A00 aluminium ingot price extends decline for the third consecutive day to RMB15770/t; Imported alumina price grows by RMB25/t
A00 aluminium ingot price in China has extended downfall by RMB 100 per tonne to stand at RMB 15,770 per tonne on Wednesday, December 30, marking the third consecutive day of decline, according to the Shanghai Metals Market. The average prices are expected to range between RMB 15,750 per tonne and...
A00 aluminium ingot price opens the week lower at RMB16,190/t; Aluminium alloy(A356) price shrinks to RMB16,900/t
According to the Shanghai Metals Market data, A00 aluminium ingot price has opened the week on Monday, December 28, with a decline of RMB 120 per tonne to stand at RMB 16,190 per tonne after two consecutive days of hike. The average prices are expected to range between RMB 17,170 per tonne and RMB...
Primary aluminium inventories in China inch down by 3000 tonnes W-o-W to peg at 586,000 tonnes
According to the latest data shared by the Shanghai Metals Market, the social inventories of primary aluminium slipped by 3,000 tonnes over the week across eight major consumption areas on Thursday, December 24. Hence, the inventories are now standing at 586,000 tonnes compared to 589,000 tonnes on...
A00 aluminium ingot price jumps by RMB210/t after three days of decline in a row; Alumina spot price settles at RMB9/t higher
A00 aluminium ingot price in China has registered a hike on Wednesday, December 24, after three consecutive days of decline during December 21-23 from RMB 16,960 per tonne to RMB 16,060 per tonne. The price today is standing at RMB 16,270 per tonne after growing by RMB 210 per tonne, found the...
China’s A00 aluminium ingot price extends downfall to RMB16350/t; Aluminium fluoride price dwindles by RMB100/t
According to the Shanghai Metals Market, A00 aluminium ingot price has extended the downfall, although slower than on December 21, to stand at RMB 16,350 per tonne, as of Tuesday, December 22. The price today has fallen by RMB 180 per tonne compared with the decline of RMB 430 per tonne on Monday....
A00 aluminium ingot price soars by RMB230/t to close the week at RMB16960/t; Alumina spot price grows marginally
A00 aluminium ingot price has soared by RMB 230 per tonne to stand at RMB 16,960 per tonne on Friday, December 18, according to the Shanghai Metals Market. The continuous rise in domestic primary aluminium demand amid limited stocks at warehouses has contributed to the third consecutive day of A00...
A00 aluminium ingot price extends growth by RMB80/t to RMB16730/t amid muted input costs
According to the Shanghai Metals Market, A00 aluminium ingot price has extended growth for the second consecutive day by RMB 80 per tonne on Thursday, December 17, to stand at RMB 16,730 per tonne. The average prices are expected to range between RMB 16,710 per tonne and RMB 16,750 per tonne, with...
A00 aluminium ingot price settles higher at RMB16,650/t after two days of decline; Aluminium alloy(A356) price grows by RMB100/t
A00 aluminium ingot price has recorded an increase of RMB 110 per tonne after two consecutive days of downfall to stand at RMB 16,650 per tonne, as of Wednesday, December 16, according to the Shanghai Metals Market. The average prices are expected to range between RMB 16,630 per tonne and RMB...
A00 aluminium ingot price extends downfall by RMB110/t to peg at RMB16,540/t; Aluminium alloy(A356) price lowers by RMB100/t
According to the Shanghai Metals Market, A00 aluminium ingot price has decreased for the second day in a row by RMB 110 per tonne to stand at RMB 16,540 per tonne, as of Tuesday, May 15. The average prices are expected to range between RMB 16,520 per tonne and RMB 16,560 per tonne, with spot...
A00 aluminium ingot price declines to RMB16,650/t amid aluminium fluoride price growth to RMB8,700/t
According to the Shanghai Metals Market data, A00 aluminium ingot price has opened the week on Monday, December 14, with a downfall of RMB 70 per tonne to stand at RMB 16,650 per tonne, following two consecutive hikes to RMB 16,720 per tonne. The average prices are expected to range between RMB...
Alumina spot price in China expands further to RMB2318/t and so the price of primary aluminium ingot to RMB16720/t
The average alumina spot price in China has continued to grow by RMB 4 per tonne to stand at RMB 2,318 per tonne as of December 11, marking the fourth consecutive increase, according to the Shanghai Metals Market data. In Henan and Shanxi, the alumina price has come in at RMB 2,330 per tonne...
Aluminium billets inventories in China stand 2,400 tonnes lower at 70,300 tonnes on December 10
Shanghai Metals Market data shows the stocks of 6063 aluminium billets have plunged by 2,400 tonnes this week, ending on Thursday, December 10. The inventories have shrunk across China's five major consumption areas to stand at 70,300 tonnes. Last week, December 3, 6063 aluminium billets...
China’s primary aluminium inventories loss 4000 tonnes this week ending on December 10
According to the Shanghai Metals Market, social inventories of primary aluminium in China have shrunk by 4,000 tonnes on Thursday, December 10, following a hike by the same amount last week. SMM data shows the inventories have dropped across eight major consumption areas, including SHFE warrants,...
Alumina spot price in China settles higher at RMB2310/t, while A00 aluminium ingot price decreases to RMB16410/t
China’s average alumina spot price has recorded a hike of RMB 7 per tonne on Wednesday, December 9, to come in at RMB 2,310, found the Shanghai Metals Market. In Henan and Shanxi, the price has grown by RMB 10 per tonne to stand at RMB 2,320 per tonne. In Guizhou and Guangxi, alumina price has...
China’s primary aluminium output rises to stand at 3.16 million tonnes in November
China’s primary aluminium output stood at 3.16 million tonnes in November, marking a growth of 7.77% year on year, according to an SMM survey. The daily average output inched up 600 tonnes month-on-month to 105,400 tonnes in November. In January-November 2020, aluminium production climbed 4.5% year...
A00 aluminium ingot price stands at RMB16,500/t on its third consecutive decline; Aluminium alloy (A356) price falls by RMB100/t
A00 aluminium ingot price in China has extended decline for the third day in a row to stand at RMB 16,500 per tonne on Monday, December 7, according to the Shanghai Metals Market. The price has decreased by RMB 110 per tonne, slower compared with the decline of RMB 240 per tonne on Friday, December...
Three-month LME aluminium ended higher at US$2,041/t on Friday; SHFE aluminium dropped 0.82%
Three-month LME aluminium closed1.29% higher at US$2,041 per tonne on Friday, 4 December 2020. SMM expects the contract to trade between US$2,010-2,060 per tonne today. As of Friday December 4, LME aluminium cash (bid) price stands at US$ 2027.50per tonne, LME official settlement price stands at...
Primary aluminium inventories in China gain 4000 tonnes after six consecutive weeks of decline
According to the Shanghai Metals Market, primary aluminium inventories in China have built up this week ending on Thursday, December 3, after six consecutive weeks of downfall. SMM data shows the inventories have gained 4,000 tonnes across eight major consumption areas, including SHFE warrants, to...
