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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China’s metallurgical-grade alumina output slips by 1% M-o-M to 5.7 MT in September 2020
According to the latest data revealed by the Shanghai Metals Market, China’s alumina production in September 2020 stood at 5.91 million tonnes, including 5.7 million tonnes of metallurgical-grade alumina. This marked a downfall of 1.04 per cent from 5.76 million tonnes of metallurgical-grade...
China’s September primary aluminium production declines by 2.5% M-o-M to 3.11 MT, but increases by 7.7% Y-o-Y
China’s primary aluminium production continued to grow by 7.68 per cent year-on-year in September 2020 to stand at 3.11 million tonnes, found the Shanghai Metals Market survey. But when compared to the month earlier, the output of September stood down by 2.51 per cent from 3.19 million tonnes. As...
Aluminium price stands RMB 30/t higher; Aluminium Alloy (ZLD102) rises to RMB15550/t
SMM aluminium ingot prices recorded a rise of RMB 30 per tonne from Monday. The price rose from RMB14940 per tonne to RMB14970 per tonne. This marked the third consecutive hikes in a row. The average price is likely to range at RMB14950-14990 per tonne. In Foshan and Gongyi, the price rose by RMB...
China’s aluminium billet inventories jumped to 105,700 tonnes during National Days holidays
According to the Shanghai Metals Market, 6063 aluminium billet inventories in China have surged during the National Days holidays from October 1 to 8 across five major consumption areas. As per the data, aluminium billet inventories have expanded by 42,000 tonnes from pre-holiday levels to stand at...
China’s primary aluminium ingots inventories build up 60,000 tonnes over a week-long holiday
The Shanghai Metals Market found China’s social inventories of primary aluminium ingots increased significantly during the National Days holidays from October 1 to 8 on concentrated arrivals of cargoes. According to the data, primary aluminium inventories built up 60,000 tonnes over a week-long...
Aluminium ingot price opens higher by RMB 170/t after the holidays; Prebaked anode price in East market stands at RMB3132.5/t
China market reopened on October 9 after the National Day and Mid-Autumn Festival holidays. SMM aluminium ingot price edged higher by RMB 170 per tonne to stand at RMB 14850 per tonne on Friday, 09 October 2020, from September 30’s price of RMB 14680 per tonne. The price is expected to range at RMB...
Weekly update: Aluminium ingot price in China ended lower; Aluminium alloy (ADC12) performed higher
SMM aluminium ingot price started the week with an increase of RMB 270 per tonne and RMB 180 per tonne on Monday and Tuesday. The price stood at RMB 14550 per tonne and RMB 14730 per tonne on September 28 and September 29. Ingot price ended RMB 50 per tonne lower at RMB 14680 per tonne after...
A00 aluminium ingot price declines by RMB50/t after three days of hike in a row; Australian alumina FOB price shrinks by $2/t
A00 aluminium ingot price has recorded a plunge of RMB 50 per tonne to stand at RMB 14,680 per tonne on Wednesday, September 30, following three consecutive hikes from RMB 14,270 per tonne to RMB 14,730 per tonne during September 24-29, found the Shanghai Metals Market. The average prices today are...
China’s A00 aluminium ingot price surges by RMB270/t after back-to-back fall and restraint; Imported bauxite price drops by $1/t
A00 aluminium ingot price has begun the week on Monday, September 28, by recording a sharp rise of RMB 270 per tonne to RMB 14,550 per tonne, found the Shanghai Metals Market. The primary aluminium ingot price has increased today after three consecutive days of hike from RMB 14,790 per tonne to RMB...
China’s aluminium billet inventories continue to increase this week by 3,900 tonnes on higher stock arrivals
According to the Shanghai Metals Market, China's aluminium billet inventories have continued to increase this week ending on Thursday, September 24, marking the fourth consecutive week of rise. The inventories are now standing at 71,500 tonnes after gaining 3,900 tonnes over the week across five...
A00 aluminium ingot price falls at the highest rate since August on lower consumption and increase in production capacity
According to the Shanghai Metals Market, A00 aluminium ingot price has recorded a sharp downfall of RMB 290 per tonne, the highest since August, to stand at RMB 14,270 per tonne on Thursday, September 24. The average prices are expected to range between RMB 14,250 per tonne and RMB 14,290 per...
A00 aluminium ingot price declines by RMB40/t after two consecutive days of rise: SMM
According to the Shanghai Metals Market, A00 aluminium ingot price has declined by RMB 40 per tonne on Tuesday, September 22, to stand at RMB 14,750 per tonne, following two consecutive days of rise from RMB 14,590 per tonne to RMB 14,790 per tonne. The average prices are expected to range between...
Weekly update: Aluminium price in China witnessed upward movement; Aluminium alloy (ADC12) performed higher over the week
SMM aluminium ingot price witnessed an upward movement over the week, except Monday and Thursday. The price stood lower at RMB 14580 per tonne on Monday, September 14. But the price increased by RMB 30 per tonne and RMB 70 per tonne to stand at RMB 14610 per tonne and RMB 14680 per tonne on Tuesday...
W-o-W decline in primary aluminium inventories results in sharp growth of A00 aluminium ingot price
The week-on-week decline in primary aluminium ingots inventories by 24,000 tonnes on Thursday, September 17, has led to a sharp growth in A00 aluminium ingot price on Friday, September 18, found the Shanghai Metals Market. Following a downfall from RMB 14,680 per tonne to RMB 14,590 per tonne on...
China’s primary aluminium inventories decline by 24,000 tonnes W-o-W after two consecutive weeks of rise
According to the Shanghai Metals Market, social inventories of primary aluminium ingots in China have shrunk by 24,000 tonnes this week ending on Thursday, September 17. The inventories have dwindled across eight major consumption areas in China, including SHFE warrants, to stand at 740,000 tonnes,...
China’s aluminium plate and strip operating rates increase to 68.6% in August on the rise in demand for domestic products
The Shanghai Metals Market survey found that operating rates at aluminium plate and strip producers stood at 68.6 per cent in August, rising by 0.46 percentage point from the month earlier. However, on a year-on-year basis, the operating rates stood down by 1.76 percentage points, according to SMM....
Chinese secondary aluminium operating rates continue to grow in August gaining 2.8 percentage points M-o-M
According to the latest data shared by the Shanghai Metals Market, China’s secondary aluminium producers operating rates gained 2.8 percentage points month-on-month in August to stand at 53.1 per cent. However, on a year-on-year basis, the operating rates fell by 3.4 percentage points. In July,...
A00 aluminium ingot price grows for the second day in a row to RMB14680/t; Aluminium alloys(ADC12) price jumps by RMB150/t
According to the Shanghai Metals Market, A00 aluminium ingot price has recorded a hike for the second consecutive day by RMB 70 per tonne to stand at RMB 14,680 per tonne on Wednesday, September 16. The average prices are expected to range between RMB 14,660 per tonne and RMB 14,700 per tonne, with...
