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...
Grow with
AL Circle
A00 aluminium ingot price extends decline by RMB130/t; Aluminium alloy(A356) price down by RMB100/t
According to Shanghai Metals Market, the A00 aluminium ingot price has recorded a steep decline of RMB 130 per tonne to stand at RMB 12,840 per tonne on Friday, May 8. This marks the second consecutive decline following incessant rise, with an intermittent restraint, ranging between RMB 12,510 per...
LME aluminium extended growth to US$1443/t on lower opening stock; SHFE increased to US$1816/t
The US dollar continued to rebound on Wednesday, as investors turned to the safe-haven currency in the wake of dire global economic data. The greenback advanced to its highest in more than a week against a basket of major currencies. Three-month LME aluminium came off after climbed, closing down...
China’s primary aluminium inventories drop by 32,000 tonnes over the holiday
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 five-day Labour Day holiday on robust demand and fewer arrivals. Inventories came in at 1.172 million tonnes as of Wednesday...
A00 aluminium ingot price jumps RMB180/t over the extended weekend; Aluminium alloys prices also up significantly
After the extended weekend holiday in China for Labour Day, the Chinese A00 aluminium ingot price has inaugurated the week starting May 6 with a jump of RMB 180 per tonne to RMB 12,980 per tonne, learned Shanghai Metals Market. The average prices are expected to range between RMB 12,960 per tonne...
Weekly update: Alumina price continued its upward trend over the week; A00 aluminium price performed higher
The average spot price of alumina continued to trend higher over the week. After remaining flat at RMB 2125 per tonne on Friday, the price increased by RMB 8 per tonne and RMB 10 per tonne to RMB 2133 per tonne and RMB 2143per tonne on April 27 and April 28. The price on Thursday stood at RMB 2209...
Brisk consumption lowers aluminium billet stocks in China to 129,400 tonnes for the eighth straight week
According to Shanghai Metals Market, the aluminium billet inventories have extended decline over the week ending Thursday, April 30, as brisk consumption has lowered stocks in Wuxi, Huzhou, and Changzhou. SMM data shows the stocks of 6063 aluminium billet have plunged by 16,3000 tonnes across five...
China’s alumina price continues to grow at 1.19%; Prebaked anode price falls on Weiqiao’s purchasing price cut for May
The average alumina spot price has continued to grow, but slower than the previous day, according to Shanghai Metals Market. On Thursday, April 30, the price has increased by RMB 26 per tonne or at 1.19 per cent growth rate to stand at RMB 2,209 per tonne, compared to the growth of RMB 40 per tonne...
Alumina price in China registers higher growth today at RMB2143/t; A00 aluminium ingot price up by RMB80/t
Extending the growth by RMB 10 per tonne today, on April 28, the average alumina spot price in China has come in at RMB 2,143 per tonne, found Shanghai Metals Market. In the east and central, the alumina price has gained RMB 10 per tonne as well to come in at RMB 2,135 per tonne. The average prices...
Growing demand and subdued supply of primary aluminium lead to lower inventories over the weekend ending April 27
Social inventories of primary aluminium ingots have continued to trend lower over the weekend ended Monday, April 27, on robust demand and subdued supply, according to Shanghai Metals Market. SMM data shows the primary aluminium ingots stocks have decreased by 76,000 tonnes across eight major...
China’s A00 aluminium ingot price records a fall of RMB30/t; Average alumina spot price remains restrained
After soaring by RMB 230 per tonne, the A00 aluminium ingot price has recorded a downfall of RMB 30 per tonne to stand at RMB 12,460 per tonne, as of Friday, April 24, found Shanghai Metals Market. The average prices are expected to range between RMB 12,440 per tonne and RMB 12,480 per tonne, with...
China issues sixth batch of aluminium scrap quotas for 2020 expanding permissible import amount
According to a recent report from Shanghai Metals Market, China’s environmental authorities, on Thursday, April 23, have issued the sixth batch of aluminium scrap quotas for 2020, permitting additional 1,030 tonnes of high-grade aluminium scrap to enter China. This, together with the previous batch...
Alumina price in China shows restraint at RMB2123/t; A00 aluminium ingot price remains muted too at RMB12260/t
After rising the past two days in a row from RMB 2,064 per tonne to RMB 2,123 per tonne, the average alumina spot price in China has decided to remain restrained today, on April 22, according to Shanghai Metals Market. Even in the major markets in the east, central, north, and south China, the...
China's alumina price records a growth of RMB51/t after two months of decline; A00 aluminium ingot price rises sharply
Shanghai Metals Market found a bullish trend today, as of April 20, throughout the Chinese aluminium market. The prices of alumina to aluminium alloys have recorded significant growth ranging between RMB 50 per tonne and RMB 350 per tonne. According to SMM data, the average alumina spot price has...
China’s secondary aluminium operating rates in March rebound to 47.32%: SMM
According to Shanghai Metals Market, China’s secondary aluminium operating rates in March rebounded 29.2 percentage points from February to come in at 47.32 per cent. But when compared to the same period last year, the operating rates stood 16.37 percentage points lower, learned SMM. Resumption of...
China’s primary aluminium inventories decline on improved demand
As updated by Shanghai Metals Market, social inventories of primary aluminium across eight consumption areas in China, including SHFE warrants, declined sharply this week on improved demand. Inventories stood at 1.495 million tonnes in the week ended April 16. That was down 112,000 tonnes from...
Aluminium billet inventories record a higher fall this week: Stocks total at 164,900 tonnes
Extending decline for the sixth consecutive week, aluminium billet inventories in China have totalled at 164,900 tonnes, as of Thursday, April 16, found Shanghai Metals Market. SMM data shows the stocks of 6063 aluminium billet have reduced by 5,200 tonnes today, compared to 4,100 tonnes last week,...
A00 aluminium ingot price extends growth to RMB12,000/t on supply shortage and increased consumption
A00 aluminium ingot price has extended growth today, on April 16, for the sixth day in a row to touch the level of RMB 12,000 per tonne, learned Shanghai Metals Market. Yesterday, the price was RMB 11,910 per tonne, which represents that today it has increased by RMB 90 per tonne. The average...
China’s exports of unwrought aluminium, aluminium products down by 18% in Jan-Mar
According to the latest export-import data released by China's General Administration of Customs, total unwrought aluminium and aluminium products exports by China stood at 518,600 tonnes in March 2020, a decrease of 5% from a year earlier. In the first three months of 2020, exports of unwrought...
