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...
Grow with
AL Circle
China’s secondary aluminium operating rates fell nearly 1% in June on lower domestic downstream demand
According to the Shanghai Metals Market data, China's average secondary aluminium operating rates in June fell 0.7 percentage point to 48 per cent month-on-month. In May, the operating rates were 48.69 per cent after growing by 1.6 percentage points from the previous month. Year-on-year, China’s...
Primary aluminium inventories increase in China after over three months, stocks peg at 712,000t
After declining for more than the last three months, the social inventories of primary aluminium in China have recorded a rise across eight major consumption areas, including SHFE warrants, to stand at 712,000 tonnes, as of Monday, July 20, found the Shanghai Metals Market. Last week, on July 16,...
A00 aluminium ingot price grows by RMB110/t over the weekend after four straight declines; Aluminium alloy (A356) price up by RMB100/t
The A00 aluminium ingot price has recorded a hike of RMB 110 per tonne over the weekend ending July 20 to stand at RMB 14,480 per tonne, following four consecutive declines from RMB 15,320 per tonne to RMB 14,370 per tonne during July 13-17, according to the Shanghai Metals Market. The average...
Chinese aluminium billet inventories expand week-on-week decline to stand at 65,000 tonnes
Aluminium billet inventories in China have continued to shrink over the week ending on Thursday, July 16, marking the second consecutive week-on-week fall, found Shanghai Metals Market. According to SMM, aluminium billet inventories today have declined due to high deliveries amid limited arrivals...
A00 aluminium ingot price extends decline to RMB14530/t; Premium spot price grows by RMB250/t on brisk trading
According to the Shanghai Metals Market, the A00 aluminium ingot price has expanded its downfall than the previous day by about RMB 170 per tonne to stand at RMB 14,530 per tonne, as of Thursday, July 16. Yesterday, the price fell by RMB 120 per tonne, and today, it declined by RMB 290 per tonne....
China’s June alumina production grows by nearly 2% from a month ago to 5.71 million tonnes
According to Shanghai Metals Market data, China’s alumina production stood at 5.71 million tonnes in June, including 5.5 million tonnes of metallurgical-grade alumina. The daily output came in at 183,000 tonnes, 1.82 per cent higher from a month ago but down by 4.57 per cent on the year....
A00 aluminium ingot price soars by RMB230/t on continued fall in inventories; Alumina spot price expands growth to RMB26/t
A00 aluminium ingot price has recorded a sharp jump by RMB 230 per tonne to stand at RMB 14,700 per tonne on Friday, July 10, according to Shanghai Metals Market. The average prices are expected to range between RMB 14,680 per tonne and RMB 14,720 per tonne, with spot contract to be traded at a...
Surge in aluminium billet shipments from east China lead to a fall in inventories on July 9
Following a rise of 6,900 tonnes last week, aluminium billet inventories in China have declined today, on July 9, due to a surge in shipments from warehouses in east China. SMM data shows the stocks of 6063 aluminium billets across the five major Chinese consumption areas have edge down 900 tonnes...
China’s primary aluminium production grows 2.42% year-on-year in June: SMM survey
According to Shanghai Metals Market survey, China’s primary aluminium production in June totalled 3 million tonnes, up 2.42 per cent year-on-year. As of June-end, there were 36.76 million tonnes of primary aluminium capacity in operation out of the existing 41.23 million tonnes per year total...
Chinese alumina price growth slows down to RMB11/t, A00 aluminium ingot price jumps by RMB150/t
The average alumina spot price in China has continued to grow for the sixth straight day, albeit slower, by RMB 11 per tonne to come in at RMB 2,419 per tonne on July 9, found Shanghai Metals Market. In the central and north, the price has grown by RMB 10 per tonne to RMB 2,425 per tonne, while...
Average alumina spot price in China expands growth to stand at RMB2408/t, A00 aluminium ingot price declines higher
According to Shanghai Metals Market, the average alumina spot price in China has recorded a higher hike today, on July 8, by RMB 38 per tonne to stand at RMB 2,408 per tonne. In the east, the alumina price has grown by RMB 50 per tonne to RMB 2,400 per tonne, while that in the central and north has...
China allows 209,600 tonnes of additional aluminium scrap import in the ninth batch of quotas, highest since April
China’s Ministry of Ecology and Environment has issued the ninth batch of aluminium scrap import quotas for 2020 on Monday, July 6, according to Shanghai Metals Market report. The Ministry has confirmed that the ninth batch of quotas would allow 209,660 tonnes of additional high-grade aluminium...
Chinese alumina spot price expands by RMB35/t on market sentiment boost, A00 aluminium ingot price down by RMB20/t
The average alumina spot prices in China have continued to rally upon the market boost on Chalco’s announcement of alumina production cut, found Shanghai Metals Market. On Tuesday, July 7, the average alumina spot price has expanded by RMB 35 per tonne to stand at RMB 2,370 per tonne. In the...
Chinese alumina spot price marks second-highest growth this year climbing RMB46/t, A00 aluminium ingot price shows restraint
The average alumina spot price in China has recorded a significant hike for the fourth day in a row, higher from the earlier three days, found Shanghai Metals Market. SMM data shows the price has climbed by RMB 46 per tonne or 2.01 per cent to stand at RMB 2,333 per tonne, as of Friday, July 3,...
Aluminium billet inventories increase by 6,900 tonnes week-on-week due to higher stock arrivals
Aluminium billet inventories in China have increased this week due to higher arrivals, found Shanghai Metals Market. SMM data shows the stocks of 6063 aluminium billet have rebounded by 6,900 tonnes week-on-week across five major consumption areas to stand at 73,200 tonnes, following a decline of...
Chinese primary aluminium inventories decline shrink to 4,000 tonnes since last Wednesday
Shanghai Metals Market found further downfall, although slower, in Chinese primary aluminium ingots inventories over the past three-day Dragon Boat Festival holiday. According to the data, the inventories across eight major consumption areas, including SHFE warrants, decreased 4,000 tonnes from...
A00 aluminium ingot price in China edges higher by RMB80/t amid muted input costs; Aluminium alloy (A356) price up by RMB50/t
According to Shanghai Metals Market, the A00 aluminium ingot price has recorded a hike over the Chinese Dragon Boat Festival Holiday by RMB 80 per tonne to stand at RMB 14,090 per tonne on Monday, June 29. The average prices are expected to range between RMB 14,070 per tonne and RMB 14,110 per...
Primary aluminium inventories continue to trend down over brisk trading ahead of the Dragon Boat Festival holiday
Primary aluminium inventories have extended the downfall by 32,000 tonnes over the week ending on Wednesday, June 24, according to Shanghai Metals Market. Data shows the inventories after declining across eight major Chinese consumption areas, including SHFE warrants, have come in at 722,000 tonnes...
