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 price inches up by RMB 220/t; Aluminium alloy (A356) price stands higher at RMB14400/t
A00 aluminium ingot price registered an increase of RMB 220 per tonne or 1.63 per cent from Friday’s price of RMB 13480 per tonne. The price now stood at RMB 13700 per tonne on Monday, 08 June 2020 and is expected to move within a range of RMB 13680-13720 per tonne. Spot aluminium contract is...
A00 aluminium ingot price drops by RMB20/t on slower consumption; Australian alumina FOB price grows by US$2/t
On the weak consumption of domestic primary aluminium in China that led to a slower decline in inventories on June 4, the A00 aluminium ingot price has recorded a drop of RMB 20 per tonne to stand at RMB 13,480 per tonne on Friday, June 5, found Shanghai Metals Market. The average prices are...
Aluminium billet inventories decline slows down this week on higher stock arrivals and lower shipments
According to Shanghai Metals Market, the inventories of aluminium billets have slowed their decline this week ending Thursday, June 4, as arrivals increased versus lower shipments from warehouses. SMM data shows the 6063 aluminium billet stocks have declined by 4,000 tonnes across five major...
China’s primary aluminium inventories decline by 46,000 tonnes to 847,000 tonnes
As updated by Shanghai Metals Market, social inventories of primary aluminium across eight consumption areas in China, including SHFE warrants, declined slower this week. Inventories stood at 847,000 tonnes in the week ended June 4, down 46,000 tonnes from previous week. The chart below shows the...
A00 aluminium ingot price climbs by RMB 110/t; Aluminium alloy (A356) price stands at RMB14200/t
A00 aluminium ingot price climbed by RMB 110 per tonne or 0.82 per cent from Wednesday’s price of RMB 13390 per tonne, after two days of decrease. The price now stood at RMB 13500 per tonne today and is expected to move within a range of RMB 13480-13520 per tonne. Spot aluminium contract is likely...
Alumina spot price grows by RMB16/t after remaining restrained for a day; A00 aluminium ingot price drops further
According to Shanghai Metals Market, the average alumina spot price has recorded a hike of RMB 16 per tonne or 0.72 per cent to stand at RMB 2,236 per tonne, as of Wednesday, June 3. The price in the central has registered the highest growth of RMB 25 per tonne to stand at RMB 2,240 per tonne,...
China’s primary aluminium inventories continued to decline to 878,000 tonnes over the weekend
As updated by Shanghai Metals Market, social inventories of primary aluminium across eight consumption areas in China, including SHFE warrants, continued to decline over the weekend. Inventories stood at 878,000 tonnes as of Monday June 1, down 15,000 tonnes from Thursday May 28. The chart below...
China’s average alumina price extends growth to RMB2220/t; A00 aluminium ingot price up by RMB20/t
The average alumina spot price in China has grown for the second consecutive day by RMB 7 per tonne or 0.32 per cent to stand at RMB 2,220 per tonne, as of June 1, found Shanghai Metals Market. In the east, the alumina price has jumped by RMB 25 per tonne after a week-long restraint, with average...
Primary aluminium inventories in China continue to fall sharply by 86,000 tonnes on May 28
China's social inventories of primary aluminium ingots have expanded their decline today, on May 28, by 7,000 tonnes from the previous week, found Shanghai Metals Market. Last week, on May 21, the inventories plunged by 79,000 tonnes, whereas this week they fell by 86,000 tonnes across eight major...
Chinese aluminium billet inventories extend downfall over the week ending May 28
According to Shanghai Metals Market, the aluminium billet inventories in China have continued to decline this week ending Thursday, May 28, driven by healthy demand and limited arrivals of stocks to warehouses. SMM data shows the aluminium billet inventories have decreased by 15,600 tonnes over the...
Three-month LME aluminium increased to close at US$1,529.5/t; SHFE aluminium added 0.85%
The US dollar edged lower against a basket of currencies on Wednesday. LME aluminium closed higher and SHFE aluminium rose 0.9%. Three-month LME aluminium advanced to US$1,534 per tonne. It closed up 0.5% at US$1,529.5 per tonne. Shanghai Metals Market expects the contract to move between...
Alumina price drops after nearly two weeks of restraint; A00 aluminium ingot price grows by RMB100/t
According to Shanghai Metals Market, the average spot price of alumina has dropped today, on May 28, after remaining restrained at RMB 2,206 per tonne for almost two weeks during May 14-27. The price is now hovering at RMB 2,204 per tonne, registering a decline of RMB 2 per tonne. However, except...
A00 aluminium ingot price drops by RMB10/t after two consecutive rises; Aluminium alloy(A356) price down by RMB50/t
According to Shanghai Metals Market, the A00 aluminium ingot price has declined by RMB 10 per tonne to stand at RMB 13,350 per tonne, as of Wednesday, May 27, after two consecutive rises from RMB 13,150 per tonne to RMB 13,360 per tonne. The average prices are expected to range between RMB 13,330...
Operating rates at China's aluminium processors remained stable last week on strong domestic demand
Shanghai Metals Market, after surveying 41 major aluminium processors in 12 provinces revealed that the average operating rates increased 1.3 percentage points on weekly basis to 78.8 per cent last week. This growth was primarily driven by sustained strong consumption from the construction and...
LME was closed on Monday for spring bank holiday; SHFE price expanded growth to US$1854/t
The US dollar edged higher against a basket of rivals on Monday, while oil prices eased on concerns over rising tensions between the US and China over Beijing’s plans to impose security laws on Hong Kong and the possibility of sanctions from Washington. The London Metal Exchange was closed on...
Primary aluminium inventories expand decline over the weekend to 924,000 tonnes
According to Shanghai Metals Market, social inventories of primary aluminium ingots have expanded decline over the weekend ending May 25, owing to stable demand and limited arrivals of stocks to warehouses. SMM data found that the inventories of primary aluminium have decreased by 55,000 tonnes...
A00 aluminium ingot price begins the week with a hike of RMB110/t; Aluminium alloys prices grown by RMB100/t
Following the steep decline of RMB 310 per tonne on Friday, May 22, the A00 aluminium ingot price begins the week on Monday, May 25, with a rise of RMB 110 per tonne to reach at RMB 13,260 per tonne, found Shanghai Metals Market. The average prices are expected to range between RMB 13,240 per tonne...
Primary aluminium inventories expand decline by 79,000t W-o-W to fall below 1 million tonnes
Social inventories of primary aluminium ingots have continued to fall to as low as 979,000 tonnes, across eight major consumption areas, including SHFE warrants, as of Thursday, May 21, according to Shanghai Metals Market. Last week on Thursday, May 14, the primary aluminium ingots inventories were...
