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 declines by RMB230/t after six days of hike in a row; Prebaked anode price grows by RMB270/t
A00 aluminium ingot price in China has decreased by RMB 230 per tonne to stand at RMB 16,850 per tonne, as of Thursday, December 3, following six consecutive days of hike from RMB 15,930 per tonne to RMB 17,080 per tonne, according to the Shanghai Metals Market. The average prices are expected to...
Alumina refineries in North China begin to cut operation at roasting furnaces for 2020-21 heating season
According to the Shanghai Metals Market, many northern regions in China have issued output control policies for the 2020-21 heating season. In mid-November, Lvliang in Shanxi province issued the List of Heavy Pollution Weather Emergency Emission Reductions in 2020, including ten alumina refineries...
A00 aluminium ingot price hikes by RMB210/t to stand close to RMB17000/t; Aluminium alloys prices exceed RMB17000/t
A00 aluminium ingot price has soared on December 1, 2020, to stand close to RMB 17,000 per tonne, according to the Shanghai Metals Market. Growing by RMB 210 per tonne, the primary aluminium ingot price has come in at RMB 16,980 per tonne, with average prices expected to range between RMB 16,960...
Aluminium ingot price in China jumps RMB 440/t; Aluminium alloy (ADC12) price soars to stands at RMB 16800/t
SMM aluminium ingot price soared by RMB 440 per tonne from Friday’s price of RMB 16330 per tonne. The price now stood at RMB 16770 per tonne on Monday, November 30, 2020 and is expected to move within a range of RMB 16750-16790 per tonne. In Foshan and Wuxi, the price inched up by RMB 430 per tonne...
Primary aluminium inventories in China record higher downfall this week to stand below 600 thousand tonnes
Social inventories of primary aluminium in China have extended downfall for the sixth consecutive week by 19,000 tonnes week-on-week, found the Shanghai Metals Market. SMM data shows, the inventories have dwindled across the eight major Chinese consumption areas, including SHFE warrants, to stand...
A00 aluminium ingot price in China extends growth to stand at RMB16,130/t; Aluminium alloys(ADC12) price climbs by RMB50/t
According to the Shanghai Metals Market, A00 aluminium ingot price in China has extended its growth on Thursday, November 26, albeit much slower than the previous day, to continue to remain above RMB 16,000 per tonne. The price is standing at RMB 16,130 per tonne growing by RMB 10 per tonne. The...
China’s A00 aluminium ingot price exceeds RMB16000/t on higher market demand; Aluminium alloys(ADC12) price grows by RMB100/t
China’s A00 aluminium ingot price has outshone the level of RMB 16,000 per tonne on Wednesday, November 25, found the Shanghai Metals Market. Soaring by RMB 190 per tonne, the primary aluminium ingot price has come in at RMB 16,120 per tonne today, with average prices expected to range between RMB...
China’s A00 aluminium ingot price grows closer to RMB16000/t; Alumina price declines to RMB2279/t
A00 aluminium ingot price has grown by RMB 50 per tonne to stand closer to RMB 16,000 per tonne, as of Monday, November 23. Shanghai Metals Market data shows the primary aluminium ingot price today is hovering at RMB 15,980 per tonne, with average prices expected to range between RMB 15,960 per...
Weekly update: Aluminium ingot price in China performed higher this week; Alumina prices remained flat
SMM aluminium ingot price performed higher over the week, except Tuesday. The price on Monday, 16 November stood at RMB 15670 per tonne, up RMB 40 per tonne from Friday. The price dropped by RMB 80 per tonne to RMB 15590 per tonne on Tuesday. Aluminium ingot price ended the week higher at RMB 15930...
A00 aluminium price rises to RMB15930/t; expected to range at RMB15910-15950/t
SMM aluminium ingot price has risen by RMB 10 per tonne from its earlier price to RMB15930 per tonne on Friday, 20 November 2020. The price has registered a hike for the three times in a row. It expected to move within a range of RMB 15910-15950 per tonne. In Foshan and Wuxi, the price has...
China's primary aluminium inventories decline for the fifth consecutive week to stand at 615,000 tonnes
China’s social inventories of primary aluminium have declined today, on November 19, for the fifth consecutive week, although lower than the last week. Shanghai Metals Market data shows the inventories have plunged by 14,000 tonnes this week across eight major Chinese consumption areas, including...
A00 aluminium ingot price in China nears RMB16000/t amid muted input costs
A00 aluminium ingot price in China has extended its growth on Thursday, November 19, to stand close to RMB 16,000 per tonne, according to the Shanghai Metals Market. Data shows the price has jumped by RMB 170 per tonne and standing at RMB 15,920 per tonne, with average prices likely to range...
China’s secondary aluminium operating rates dropped in October than expected due to low downstream pre-scheduled orders
In October 2020, operating rates of China’s secondary aluminium industry declined 2.1 per cent month-on-month to stand at 57.5 per cent, found the Shanghai Metals Market. On a year-on-year calculation, the operating rates dropped by 3 per cent, marking a greater fall compared with last year’s...
China’s A00 aluminium ingot price trends down by RMB80/t after seven consecutive days of hike; Input costs remain muted
After hiking for the seven consecutive days, A00 aluminium ingot price has trended down by RMB 80 on Tuesday, November 17, to stand at RMB 15,590 per tonne, found the Shanghai Metals Market. The average prices are expected to range between RMB 15,570 per tonne and RMB 15,610 per tonne, with spot...
Three-month LME aluminium increased slightly higher on Monday; SHFE aluminium slid 0.32%
Three-month LME aluminium rose 0.96% to close at US$1,953 per tonne on Monday, with open interest rising to 750,000 lots. SMM expects the contract to trade between US$1,930-1,980 per tonne today. As of Monday November 16, LME aluminium cash (bid) price stands at US$ 1933 per tonne, LME official...
A00 aluminium ingot price in China stands RMB140/t higher to close the week above RMB15600/t
A00 aluminium ingot price has been continuing to hover above RMB 15,000 per tonne since the past ten days, and today, on November 13, the price has exceeded RMB 15,500 per tonne level. Growing by RMB 140 per tonne from RMB 15,490 per tonne on November 12, A00 aluminium ingot price has closed the...
China’s primary aluminium inventories shrink by 25,000t this week on increasing demand and limited stock arrivals
Further increase in demand among downstream producers and limited arrivals of stocks to warehouses have led to a loss of 25,000 tonnes in social primary aluminium inventories this week ending on Thursday, November 12, found the Shanghai Metals Market. SMM data shows the stocks have declined across...
A00 aluminium ingot price soars by RMB170/t to stand at RMB15,350/t, Aluminium alloy (A356) price climbs by RMB200/t
A00 aluminium ingot price has soared by RMB 170 per tonne to stand at RMB 15,350 per tonne on Wednesday, November 11, marking the fourth consecutive day of rising, according to the Shanghai Metals Market data. The average prices are expected to range between RMB 15,330-15,370 per tonne, with spot...
