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 decreases by RMB140/t for the second consecutive day, Aluminium alloy (A356) price down by RMB150/t
According to the Shanghai Metals Market, the A00 aluminium ingot price has recorded a decrease of RMB 140 per tonne to stand at RMB 14,420 per tonne on Monday, August 17. The average prices are expected to range between RMB 14,400 per tonne and RMB 14,440 per tonne, with spot contract to be traded...
Primary aluminium inventories in China gain 12,000 tonnes this week to stand at 737,000 tonnes
According to the Shanghai Metals Market, the social inventories of primary aluminium ingots in China have continued to increase this week ending on Thursday, August 13. Data shows the inventories have built up 12,000 tonnes across eight major Chinese consumption areas, including SHFE warrants, to...
Alumina spot price in China declines by RMB25/t after a week-long restraint, A00 aluminium ingot price surges by RMB170/t
The average alumina spot price in China has recorded a decline of RMB 25 per tonne to stand at RMB 2,314 per tonne, following restraints at RMB 2,339 per tonne during August 6-12, found Shanghai Metals Market on August 13. In the north, the price has decreased by RMB 30 per tonne to RMB 2,300 per...
A00 aluminium ingot price continues to decline to hover below RMB14500/t; Aluminium alloy (A356) price also plunges
The A00 aluminium ingot price has continued to decline in China by RMB 110 per tonne to stand at RMB 14,470 per tonne, as of Tuesday, August 11, according to the Shanghai Metals Market. Data shows the average prices are expected to range between RMB 14,450 per tonne and RMB 14,490 per tonne, with...
China’s primary aluminium production grows 1.83% Y-o-Y to 3.12 million tonnes in July 2020
Shanghai Metals Market found China’s primary aluminium production rose by 1.83 per cent year-on-year to 3.12 million tonnes in July 2020. On a month-on-month basis, the output edged higher by 4 per cent from 3 million tonnes in June 2020. Data shows there were 41.41 million tonnes among 41.23...
China’s alumina production rose 3.5% M-o-M to 5.91 million tonnes in July 2020
Shanghai Metals Market found China’s alumina production stood at 5.91 million tonnes in July 2020, including 5.7 million tonnes of metallurgical-grade alumina. The output increased by 3.50 per cent from 5.71 million tonnes in June 2020. China’s total alumina output in the first seven months of the...
A00 aluminium ingot price in China rebounds to RMB14720/t, Aluminium alloy (A356) price increases by RMB50/t
Following a steep fall last day, on August 6, the A00 aluminium ingot price has recorded a hike of RMB 70 per tonne to stand at RMB 14,720 per tonne, as of August 7, found Shanghai Metals Market. The average prices are expected to range between RMB 14,700 per tonne and RMB 14,740 per tonne, with...
Aluminium billet inventories in China built up 9,900 tonnes on week
Shanghai Metals Market found a rise in aluminium billet inventories on Thursday, August 6, as arrivals at stocks increased in Guangdong and Jiangxi. SMM data showed that 6063 aluminium billet stocks across the five major consumption areas in China built up by 9,900 tonnes from a week ago to come in...
Primary aluminium inventories in China record a further W-o-W rise of 13,000 tonnes
According to Shanghai Metals Market, the social inventories of primary aluminium have extended their hike across eight major consumption areas in China, including SHFE warrants, on Thursday, August 6. The inventories have increased by 13,000 tonnes this week to come in at 725,000 tonnes versus the...
Alumina spot price in China extends decline by RMB8/t pulling down the price of A00 aluminium ingot to RMB14920/t
The average alumina spot price in China has extended its decline on Wednesday, August 5, however, slower than the previous day. Today, the price has decreased by RMB 8 per tonne to stand at RMB 2,347 per tonne versus the fall of RMB 32 per tonne last day, according to the Shanghai Metals Market. In...
Average alumina spot price in China declines to RMB2355/t, while A00 aluminium ingot price touches RMB15000/t level
Following restraints in the past two days at RMB 2,387 per tonne, the average alumina spot price has declined today, on August 4, by RMB 32 per tonne to RMB 2,355 per tonne, found the Shanghai Metals Market. In the central, the alumina price has decreased by RMB 35 per tonne to RMB 2,355 per tonne...
Prebaked anode price in China grows after a month to stand at RMB2930/t, A00 aluminium ingot price falls by RMB120/t
According to the Shanghai Metals Market, the prebaked anode price in East China has recorded a hike of RMB 180 per tonne to stand at RMB 2,930 per tonne on August 3, marking a rise in the last one month since an increase of RMB 80 per tonne to RMB 2,750 per tonne on July 1, 2020. The average prices...
A00 aluminium ingot price jumps by RMB210/t marking the fourth consecutive hike; Alumina spot price continues to plunge
The A00 aluminium ingot price has jumped by RMB 210 per tonne on Thursday, July 30, to stand at RMB 14,990 per tonne, marking the fourth consecutive hike this week, found the Shanghai Metals Market. Limited supplies and fair consumption of primary aluminium ingots, resulting in incessant drops in...
Alumina spot price in China records second consecutive drop of RMB24/t, while A00 aluminium ingot price grows to RMB14670/t
According to the Shanghai Metals Market, the average alumina spot price has declined for the second consecutive day by RMB 24 per tonne to stand at RMB 2,443 per tonne, as of Tuesday, July 28. The price in the east China market has dropped the highest by RMB 40 per tonne to RMB 2,425 per tonne,...
China issues 10th batch of aluminium scrap import quotas allowing additional 3970 tonnes
China’s Ministry of Ecology and Environment has issued the tenth batch of metals scrap import quotas for 2020 on Monday, July 27, allowing an additional 3,970 tonnes of high-grade aluminium scrap to enter into China, according to Shanghai Metals Market report. The latest batch of aluminium scrap...
China’s average alumina spot price drops by RMB4/t following back-to-back restraints; A00 aluminium ingot price down by RMB10/t
The Shanghai Metals Market data shows that the average spot price of alumina has dropped by RMB 4 per tonne after remaining restrained for the last ten days. On Friday, July 24, the alumina price has come in at RMB 2,491 per tonne compared to RMB 2,495 per tonne during July 13-23, found SMM. In the...
Primary aluminium inventories in China continue W-o-W decline to stand at 702,000 tonnes
According to Shanghai Metals Market, the social inventories of primary aluminium ingots have extended week-on-week decline on July 23 across eight major consumption areas, including SHFE warrants. Declining by 6,000 tonnes from the previous week, the inventories today have come in at 702,000...
A00 aluminium ingot price grows by RMB110/t with premium spot price lowered at RMB130-170/t, Australian alumina FOB price down to $281/t
According to the Shanghai Metals Market, the A00 aluminium ingot price has increased by RMB 110 per tonne to RMB 14,520 per tonne on Wednesday, July 22, following a decline from RMB 14,480 per tonne to RMB 14,410 per tonne on the previous day. Today, the average prices are expected to range between...
