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...
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In early trading, the SHFE aluminium 2606 contract's centre ran significantly below the level seen in the same period of the previous trading day. As aluminium prices declined to their lowest recent levels, overall market buying sentiment improved M-o-M from yesterday, pushing transaction prices...
Futures: The most-traded SHFE aluminium 2608 contract closed at RMB 22,970 per tonne, down 2.13 per cent. Prices trade below the MA5 (23,630.00), MA10 (23,854.00), MA30 (24,256.83), and MA60 (24,549.33) moving averages, with short- and medium-term moving averages in bearish alignment and gradually...
The morning session saw the SHFE aluminium 2606 contract trade with a centre lower than the same period of the previous trading day. As aluminium prices declined, the release of stockpiling demand from earlier price drops, combined with pervasive bearish sentiment, kept overall buying interest weak...
Futures: The most-traded SHFE aluminium 2608 contract closed at RMB 23,425 per tonne, down 1.47 per cent. Prices traded below the MA5 (23,816.00), MA10 (23,952.00), MA30 (24,322.33), and MA60 (24,563.33) moving averages. The short- to medium-term moving averages were in a bearish alignment and...
According to SMM statistics, as of June 18, days of inventories at domestic aluminium rod plants stood at 1.82 days , down 0.84 days from the same period last week (2.66 days on June 12); the inventory ratio fell from 9.28 per cent to 6.87 per cent , a decline of 2.41 percentage points, and...
SHFE aluminium closed at RMB 23,955 per tonne in the daytime session, down 0.27 per cent, with the price above the MA5 (23,951.01) but below the MA10 (24,016.00), MA30 (24,320.67), and MA60 (24,546.75), remaining below all key moving averages overall, while the bearish alignment of moving averages...
Futures: SHFE aluminium closed at RMB 23,980 per tonne ahead of the holiday, with the price far below the MA5 (24,005), MA30 (24,354.17), and MA60 (24,535.42). The moving averages were in a bearish alignment and diverging at an accelerating pace, indicating a notably weak pattern. The MACD showed...
This week, trading sentiment weakened somewhat for domestic aluminium fluoride enterprises, with prices running steady. As of now, SMM’s aluminium fluoride reference price is RMB 11,280-11,700 per tonne; cryolite prices also held steady, with SMM’s reference price at RMB 7,000-8,500 per tonne. Raw...
The aluminium scrap market mostly fluctuated at highs this week. As of June 18, SMM A00 spot aluminium closed at RMB 23,870 per tonne, up RMB 90 per tonne from last Thursday. Regarding price spreads, on June 18, the price difference between A00 aluminium and mixed aluminium extrusion scrap free of...
In the summer of 2026, India encountered extreme heatwaves, causing soft drink and beer consumption to surge sharply and driving a rapid expansion in the aluminium beverage can market. However, the rapid demand growth was not met with an effective response from domestic supply—India's domestic...
Futures: The most-traded SHFE aluminium contract opened at RMB 23,900 per tonne in the night session on June 17, with the highest price at RMB 23,950 per tonne, the lowest at RMB 23,860 per tonne, and finally closed at RMB 23,940 per tonne, up 0.25 per cent from the prior close. During this period,...
Futures: The most-traded SHFE aluminium contract opened at RMB 23,900 per tonne in the night session of June 16, reached a high of RMB 23,925 per tonne and a low of RMB 23,835 per tonne, and settled at RMB 23,895 per tonne, up 0.27 per cent from the previous close. During this period, prices saw a...
Futures: The most-traded SHFE aluminium contract opened at RMB 24,025 per tonne in the night session of June 15, hit a high of RMB 24,025 per tonne, a low of RMB 23,730 per tonne, and closed at RMB 23,795 per tonne, down 1.55 per cent from the previous close. During the session, prices fluctuated...
Aluminium ingot inventory: Destocking turning point established at high levels, but absolute volume pressure persists China’s aluminium ingot inventory, after hitting a peak not seen in nearly three years in 2026, accelerated its pullback this week. According to SMM statistics, as of June 11,...
Futures: The most-traded SHFE aluminium contract opened at RMB 24,165 per tonne in the night session on Jun 12, with its highest price at RMB 24,280 per tonne, lowest price at RMB 24,145 per tonne, and closing price at RMB 24,275 per tonne, up 0.46 per cent from the previous settlement. Prices...
Entering June, the petroleum coke market broadly exhibited a pattern of initial decline followed by stabilisation, with divergent trends among different varieties. Early in the month, low-sulphur petroleum coke prices were cut in a concentrated manner, intensifying bearish sentiment and generally...
This week, the operating rate at leading aluminium downstream processors in China came in at 63.6 per cent, down 0.4 percentage points W-o-W. Off-season characteristics emerged, with most segments under general pressure, while only the aluminium wire and cable sector bucked the trend and held up...
Futures: SHFE aluminium closed at RMB 24,155 per tonne in the daytime session, up 0.62 per cent, remaining below all key moving averages (MA5≈24,072, MA10≈24,300, MA30≈24,450, MA60≈24,590), with clear downward pressure from short-term MAs and the bearish alignment still in place. The MACD indicator...
