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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Aluminium alloys(ADC12) price grows second day in a row by RMB100/t despite a drop of RMB30/t in A00 aluminium ingot price
On Monday, September 14, aluminium alloys (ADC12) price has extended its growth by RMB 100 per tonne from RMB 14,200 per tonne to RMB 14,300 per tonne, despite the plummet in A00 aluminium ingot price, according to the Shanghai Metals Market. The average aluminium alloys (ADC12) prices are expected...
Primary aluminium inventories in China stood 3,000 tonnes higher at 764,000 tonnes this week
As updated by Shanghai Metals Market, social inventories of primary aluminium across eight consumption areas in China, including SHFE warrants, increased this week. Inventories stood 764,000 tonnes as of Thursday, 10 September 2020, up 3,000 tonnes from a week ago. The chart below shows the current...
Aluminium billet inventories build up 3,400 tonnes over the week due to higher stock arrivals
Shanghai Metals Market data shows aluminium billet inventories in China have gained 3,400 tonnes over the week ending on Thursday, September 10, on increased arrivals of stocks to warehouses. According to the data, inventories are standing at 63,600 tonnes versus 60,200 tonnes last Thursday,...
Alumina price in China declines by RMB13/t after remaining restrained for a day, A00 aluminium ingot price shows no change
According to Shanghai Metals Market, the average alumina spot price in China has recorded a plunge of RMB 13 per tonne to stand at RMB 2,333 per tonne on Thursday, September 10, following a restraint at RMB 2,346 per tonne on the earlier day. In Shanxi and Shandong, the price has declined by RMB 20...
China’s alumina production records a mere growth of 1% to 5.97 million tonnes in August 2020
The latest data of Shanghai Metals Market showed that China’s alumina production in August 2020 stood at 5.97 million tonnes, including 5.76 million tonnes of metallurgical-grade alumina. This marked a slight growth of 1 per cent in comparison to the output of 5.7 million tonnes of...
China’s primary aluminium output up by 6.13% Y-o-Y to 3.19 million tonnes: SMM
According to the latest report revealed by the Shanghai Metals Market, China’s primary aluminium production recorded a rise of 6.13 per cent year-on-year to stand at 3.19 million tonnes in August 2020. As of the end of August, the country had 37.62 million tonnes of capacity in operation among...
Average alumina spot price declines for the second consecutive day to RMB2346/t; A00 aluminium ingot price remains muted
Average alumina spot price in China has recorded a plunge from RMB 2,354 per tonne to RMB 2,346 per tonne, as of Tuesday, September 8, found the Shanghai Metals Market. This marks the second consecutive day of decline following a week-long restraint at RMB 2,360 per tonne during August 28-September...
A00 aluminium ingot price plunges by RMB70/t to RMB14470/t, while input costs remain muted
According to the Shanghai Metals Market, A00 aluminium ingot price has recorded a plunge of RMB 70 per tonne to stand at RMB 14,470 per tonne, as of Friday, September 4, following a build-up of 6,000 tonnes in primary aluminium inventories on Thursday, September 3. The average aluminium ingot...
Primary aluminium inventories increase by 6,000 tonnes W-o-W, following a decline last Thursday
According to the Shanghai Metals Market, the social inventories of primary aluminium have gained 6,000 tonnes over the week ending Thursday, September 3. The stocks have increased across eight major consumption areas in China, including SHFE warrants, to stand at 761,000 tonnes compared to 755,000...
A00 aluminium ingot price begins the week with a rise of RMB80/t, while aluminium alloy(A356) price grows to RMB15350/t
According to the Shanghai Metals Market, A00 aluminium ingot price has grown by RMB 80 per tonne on Monday, August 31, to stand at RMB 14,760 per tonne, following two consecutive declines of RMB 40 per tonne and RMB 50 per tonne to come in at RMB 14,680 per tonne. The average prices today are...
Primary aluminium inventories in China loss 7,000 tonnes this week, stocks standing at 755,000 tonnes
Primary aluminium inventories in China have recorded a plunge of 7,000 tonnes this week ended on Thursday, August 27, following a rise of 25,000 tonnes in the week earlier, found Shanghai Metals Market. According to the data, the social inventories of primary aluminium have declined across eight...
A00 aluminium ingot price shrinks by RMB40/t after two consecutive hikes; Aluminium alloy(A356) price down by RMB50/t
On Thursday, August 29, A00 aluminium ingot price in China has declined by RMB 40 per tonne to RMB 14,730 per tonne, following two consecutive hikes from RMB 14,700 per tonne to RMB 14,770 per tonne, according to the data found by Shanghai Metals Market. Week-on-week, the price is down by RMB 60...
Aluminium operating rates in China improved by 0.2 percentage point last week owing to new alloy capacity : SMM
According to the Shanghai Metals Market, operating rates across major aluminium processors last week increased by 0.2 per cent point to 77.3 per cent, attributing to the commissioning of new capacity at primary aluminium alloy producers. Demand for aluminium foil remained strong, while orders at...
A00 aluminium ingot price grows to RMB14750/t; Input costs remain muted except a plunge in Australian alumina FOB price
According to the Shanghai Metals Market, the A00 aluminium ingot price has recorded a rise of RMB 50 per tonne to stand at RMB 14,750 per tonne on Tuesday, August 25, following a downfall on the previous day from RMB 14,840 per tonne to RMB 14,700 per tonne. The average prices are expected to range...
Average alumina spot price grows for the second day in a row to RMB2330/t; A00 aluminium ingot price expands by RMB50/t
After remaining restrained at RMB 2,302 per tonne during August 19-20, the average alumina spot price has recorded an increase of RMB 16 per tonne today, on August 21, for the second consecutive day, to stand at RMB 2,330 per tonne according to the Shanghai Metals Market. In the central and north,...
Aluminium billet inventories in China decline by over 9,000 tonnes this week to stand at 60,000 tonnes
According to Shanghai Metals Market data, the 6063 aluminium billet inventories in China have decreased this week ended on August 20 by 9,400 tonnes from a week ago. SMM data shows the billet inventories are now at 60,000 tonnes, marking the second consecutive week of decline. On last Thursday,...
A00 aluminium ingot price extends hike to RMB14640/t, Aluminium alloy(A356) price grows by RMB100/t
On Wednesday, August 19, A00 aluminium ingot price has recorded a hike for the second day in a row by RMB 100 per tonne to stand at RMB 14,640 per tonne, found Shanghai Metals Market. The average prices are expected to range between RMB 14,620 per tonne and RMB 14,660 per tonne, with spot contract...
Chinese secondary aluminium producers operating rates recover 2.3 percentage points M-o-M in July 2020
According to the Shanghai Metals Market, the Chinese secondary aluminium producers operating rates increased by 2.3 percentage points on the month but fell by 5 percentage points from a year ago to stand at 50.3 per cent in July. Recovery in domestic and overseas automobile demand resulting in the...
