Low inventory supports aluminium prices to consolidate at highs; Peak season recovery pace awaits verification
Futures: The most-traded SHFE aluminium contract opened at RMB 24,590 per tonne in the night session on September 9, reached a high of RMB 24,660 per tonne and a low of RMB 24,565 per tonne, and closed at RMB 24,650 per tonne, up RMB 90 per tonne or 0.37 per cent from the previous close. Futures...
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...
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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...
China’s aluminium billet inventories register second consecutive week of decline; Stocks hovering at 92,800 tonnes
China’s aluminium billet inventories, across five major consumption areas, expanded decline this week ending on Thursday, May 21, by 20,000 tonnes to stand at 92.800 tonnes, according to Shanghai Metals Market. Stable shipments from warehouses in contrast to limited arrivals could be attributed to...
A00 aluminium ingot price in China extends decline to RMB13460/t; Aluminium fluoride price down by RMB300/t
According to Shanghai Metals Market, the A00 aluminium ingot price has extended decline from RMB 13,480 per tonne on May 20 to RMB 13,460 per tonne on Thursday, May 21. The average prices are expected to range between RMB 13,440 per tonne and RMB 13,480 per tonne, with spot contract to be traded at...
Four consecutive rises in A00 aluminium ingot price follows a decline today of RMB20/t; Input costs show no change
After four successive jumps ranging between RMB 12,790 per tonne on May 14 and RMB 13,500 per tonne on May 19, the A00 aluminium ingot price has recorded a dip today, on May 20, by RMB 20 per tonne to stand at RMB 13,480 per tonne, found Shanghai Metals Market. Since March 9, the primary aluminium...
China issues seventh batch of aluminium scrap import quotas for 2020 allowing additional 1480 tonnes
According to Shanghai Metals Market report, China’s environmental authorities on Monday, May 18, issued the seventh batch of import quotas for metal scrap, including aluminium. The authorities confirmed that the seventh batch of import quotas for 2020 would allow additional 1,480 tonnes of...
A00 aluminium ingot price jumps RMB350/t; Aluminium alloy (ADC12) price stands at RMB14050/t
A00 aluminium ingot price recorded a big jump on Tuesday, 19 May 2020. The price registered an increase of RMB 350 per tonne or 2.66 per cent from Monday’s price of RMB 13150 per tonne. The price now stood at RMB 13500 per tonne today and is expected to move within a range of RMB 13480-13520 per...
China’s primary aluminium inventories continued to trend lower 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 1.007 million tonnes as of Monday May 18, down 51,000 tonnes from last Thursday May 14. The...
A00 aluminium ingot price extends growth for the third day in a row to RMB13150/t; Aluminium alloy(A356) grown by RMB100/t
According to Shanghai Metals Market, the A00 aluminium ingot price has extended its rise for the third consecutive day by RMB 130 per tonne to RMB 13,150 per tonne, as of Monday, May 18. The average prices are expected to range between RMB 13,130 per tonne and RMB 13,170 per tonne, with spot...
Weekly update: Alumina price in performed flat; A00 aluminium price continued its upward trend over the week
The alumina market in China was flat over the week. The week started with an increase of RMB 2 per tonne from Friday and stood at RMB 2211 per tonne on Monday, May 11. The average spot price of alumina stood RMB 5 per tonne lower at RMB 2206 per tonne on Thursday, after remaining flat at RMB 2211...
A00 aluminium price climbs RMB 230/t; Aluminium alloy (A356) price stands higher at RMB13800/t
A00 aluminium ingot price registered an increase of RMB 230 per tonne or 1.80 per cent from Thursday’s price of RMB 12790 per tonne. The price now stood at RMB 13020 per tonne on Friday, 15 May 2020 and is expected to move within a range of RMB 13000-13040 per tonne. Spot aluminium contract is...
China’s primary aluminium inventories continued to decline to 1.058 million tonnes
As updated by Shanghai Metals Market, social inventories of primary aluminium across eight consumption areas in China, including SHFE warrants, continued to trend lower this week. Inventories stood at 1.058 million tonnes as of Thursday, 14 May 2020, down 114,000 tonnes from Wednesday May 6. The...
China’s aluminium billet inventories record a decline of 19,300 tonnes on May 14
According to Shanghai Metals Market, aluminium billet inventories in China have declined over the week, ending Thursday, May 14, following a marginal rise last week on Wednesday, May 6. As arrivals were limited since the past one week amidst stable shipments from warehouses, the aluminium billet...
Alumina price drops by RMB5/t in China after two consecutive days of restraint; A00 aluminium ingot price rises to RMB12790/t
After remaining restrained for the two consecutive days following a rise to RMB 2,211 per tonne, the average alumina spot price in China has dipped by RMB 5 per tonne to RMB 2,206 per tonne on Thursday, May 14, found Shanghai Metals Market. In the east, the average alumina price has declined by RMB...
A00 aluminium ingot price records highest decline since April by falling RMB270/t; Aluminium alloy(A356) shrinks RMB300/t
According to Shanghai Metals Market, the A00 aluminium ingot price has recorded a sharp fall of RMB 270 per tonne to RMB 12,770 per tonne on Wednesday, May 13. This marks the highest decline in A00 aluminium ingot price since April 2020. On April 2 and April 21, the primary aluminium ingot price...
COVID-19 Impact: China’s secondary aluminium operating rates shrink in April on slow resumption of demand
According to Shanghai Metals Market data, operating rates across China’s secondary aluminium industry in April stood at 47.08 per cent, down 0.22 percentage point from a month ago. In March, China’s secondary aluminium producers’ operating rates were 47.32 per cent after rebounding by 29.2...
A00 aluminium ingot price rises marginally by RMB10/t; Bauxite price in Guangxi and Guizhou falls
Following a jump of RMB 190 per tonne, the "A00 aluminium ingot price" has recorded a marginal rise today, on May 12, found the "Shanghai Metals Market". Data shows the primary aluminium ingot price has increased by RMB 10 per tonne to stand at RMB 13,040 per tonne on May 12. The average prices are...
China’s primary aluminium inventories plunge by 70,000 tonnes on robust demand
As updated by Shanghai Metals Market, social inventories of primary aluminium across eight consumption areas in China, including SHFE warrants, continued to decline after the five-day Labour Day holiday on robust demand and fewer arrivals. Inventories stood at 1.102 million tonnes as of Monday, 11...
China’s alumina production in April comes in at 5.65 million tonnes; Aluminium output grows to 2.96 million tonnes
According to the data from Shanghai Metals Market, China in April 2020 produced 5.65 million tonnes of alumina, including 5.4 million tonnes of metallurgical-grade alumina. The daily output came in at 179,800 tonnes, up 2.62 per cent month-on-the month but down 7.07 per cent over the year. In the...
