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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Chinese alumina price lowers decline to RMB6/t, while A00 aluminium ingot price lowers growth to RMB20/t
According to Shanghai Metals Market, the average alumina spot price in China has lowered its decline to RMB 6 per tonne today, on April 14, to stand at RMB 2,073 per tonne. In many parts of China, the price has remained restrained, such as in the east and north at RMB 2,100 per tonne and RMB 2,050...
Backlog orders shield aluminium processors operating rates in China last week
On surveying 41 major aluminium processors in 12 provinces across China last week, Shanghai Metals Market found their average operating rate dropped marginally by 0.6 percentage point on a weekly basis to 74.4 per cent. Backlog orders could be a reason behind this overall steady operating rate, in...
China’s primary aluminium inventories extend decline over the weekend on improved demand
Shanghai Metals Market found a further decline in social inventories of primary aluminium ingots over the weekend ended Monday, April 13, bolstered by improved demand and reduced arrivals of stocks to warehouses. According to the SMM data, the inventories decreased 59,000 tonnes from last Thursday,...
Alumina price in China extends decline by RMB42/t; A00 aluminium ingot price grows on further inventory fall
The average alumina spot price has declined by RMB 42 per tonne to stand as low as RMB 2,079 per tonne, as of Monday, April 13, found Shanghai Metals Market. The northern market of China has seen the highest decrease in the price of RMB 60 per tonne to RMB 2,050 per tonne, while that in the east...
Alumina spot price in China declines further by RMB25/t; A00 aluminium ingot price grows on first inventory decline this year
According to Shanghai Metals Market, the average alumina spot price has seen to close the week ending Friday, April 10, at RMB 2121 per tonne, down RMB 25 per tonne from RMB 2,146 per tonne on Thursday, April 9. In the central, the average alumina spot price has decreased by RMB 30 per tonne to RMB...
Primary aluminium inventories mark first decline in China since the Lunar New Year Holiday this year
Social inventories of primary aluminium ingots have fallen this week, as demand improved and aluminium smelters held back on sales and reduced deliveries to social warehouses owing to weaker aluminium prices, learned Shanghai Metals Market. The SMM data shows the primary aluminium inventories...
Aluminium billet inventories in China extend decline but slower than the previous week
According to Shanghai Metals Market, aluminium billet inventories in China have declined today, on April 9, for the fifth consecutive week, as stocks in east China have begun to shrink. The data shows the stocks of 6063 aluminium billets across five major consumption areas in China have totalled at...
Primary aluminium inventories in China record a decline of 41,000 tonnes over the extended weekend
According to Shanghai Metals Market, the social inventories of primary aluminium ingots have declined over the holiday-extended weekend, as demand has displayed a slight improvement. The data shows the stocks across eight major consumption areas in China, including SHFE warrants, have decreased by...
Alumina price in China declines by RMB41/t; A00 aluminium ingot price grows on increased demand
The average alumina spot price since the middle of March is recording relentless declines, and today, April 7, is of no exception, found Shanghai Metals Market. The aluminium raw material price in the spot market has registered a decline of RMB 41 per tonne to stand at RMB 2,205 per tonne. In the...
Alumina price in China extends decline by RMB66/t; A00 aluminium ingot price falls RMB220/t after two consecutive hikes
After continuous declines in the second half of the last month, the average alumina spot price in China started the fourth month of 2020 with a downfall of RMB 10 per tonne, and today on the second day the fall extended by RMB 66 per tonne to stand as low as RMB 2,267 per tonne, found Shanghai...
Chinese alumina spot price starts the week with a decline of RMB33/t; A00 aluminium ingot price dwindles by RMB50/t
Since the middle of March, the average alumina spot price has been incessantly trending down, and today is of no exception. According to Shanghai Metals Market, the alumina spot price in China has shrunk by RMB 33 per tonne to stand at RMB 2,370 per tonne, as of Monday, March 30. The decline rate...
Aluminium billet inventories in China continue to fall for the third consecutive week
According to Shanghai Metals Market, aluminium billet inventories in China fell for the third consecutive week ended March 26, due to stable deliveries and reduced arrivals. SMM data shows the 6063 aluminium billet stocks stand at 192,700 tonnes, as of March 26, after inching down by 4,900 tonnes...
China’s primary aluminium inventories extend growth by 20,000 tonnes
As updated by Shanghai Metals Market, social inventories of primary aluminium across eight consumption areas in China, including SHFE warrants, stood at 1.667 million tonnes in the week ended March 26. That was up 20,000 tonnes compared to a build of 54,000 tonnes in the previous week. The chart...
Hike in A00 aluminium ingot and aluminium alloy prices indicates growth in demand and purchase
After remaining restrained at RMB 11,220 per tonne on March 24, followed by a havoc downfall of RMB 570 per tonne on the preceeding day, the A00 aluminium ingot price today, on March 25, has gained RMB 110 per tonne to stand at RMB 11,330 per tonne, found Shanghai Metals Market. The average prices...
Primary aluminium inventories gained 17,000 tonnes over the weekend ended March 23
According to Shanghai Metals Market, the social inventories of primary aluminium ingots rose by 17,000 tonnes over the weekend across eight major consumption areas in China, including SHFE warrants, as of Monday, March 23. The price thus, came in at 1.664 million tonnes, in contrast to 1.647...
COVID-19 wrecks aluminium prices and input costs in China: Primary ingot price declines by RMB570/t and alumina price by RMB32/t
A00 aluminium ingot price has again recorded a sharp decline of RMB 570 per tonne to stand to the further lowest at RMB 11,220 per tonne on Monday, March 23, according to Shanghai Metals Market data. On Thursday, March 19, the price had recorded a decrease of RMB 790 per tonne to RMB 11,730 per...
Alumina price in China stands lower at RMB2564/t; Prices of aluminium ingot and aluminium alloy register growth
According to Shanghai Metals Market, the average spot alumina price has further recorded a decline of RMB 2 per tonne to stand at RMB 2,564 per tonne, as of Friday, March 20. In the north, the price has dwindled by RMB 5 per tonne to RMB 2,570 per tonne. In the east, central, and south, however,...
54,000 tonnes gain in primary aluminium inventories in China pushes down the ingot price to the lowest
According to Shanghai Metals Market, the social inventories of primary aluminium ingots have gained 54,000 tonnes over the week ended March 19, across eight major consumption areas in China, including SHFE warrants. The inventories are thus, now 1.647 million tonnes, in contrast to 105,000 tonnes...
