This week, domestic aluminium scrap prices in China remained largely stable, with some slight increases. Although primary aluminium prices rose notably, aluminium scrap struggled to catch up, and the price difference between A00 aluminium and aluminium scrap stayed high. In terms of prices, as of...
Macro perspective: Fed Chairman Warsh delivered a hawkish speech at the Jackson Hole symposium, lifting market expectations for a September rate hike to around 60 per cent, while the US dollar consolidated amid fluctuations, unsettling the nonferrous metals sector. The Fed's latest Beige Book...
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According to SMM statistics, China's primary aluminium production in August 2026 (31 days) rose 2.2 per cent Y-o-Y and was flat month-on-month. Domestic downstream demand recovered month-on-month in August, with consumption of some fabricated products holding up reasonably well. In addition, some...
Inventory overview: 850,000 tonnes arrives as expected; destocking pace slows marginally China’s aluminium ingot social inventory fell steadily from a phase high of 1.13 million tonnes in early July, with destocking of more than 170,000 tonnes in July alone. In August, the pace of destocking slowed...
Domestic alumina spot prices continued to edge lower last week, while transactions benchmarking the futures market remained relatively active. On the supply side, domestic operating capacity of alumina stands at approximately 99 million tonnes per year. Recent operating rates have remained at a...
In August, China's aluminium processing industry composite PMI recorded 48.7 per cent, up slightly from July but still below the 50 mark, with the industry overall showing "weak recovery" characteristics and significant divergence across segments. Aluminium wire and cable was the strongest...
Aluminium billet inventory fell to 139,500 tonnes, warehouse withdrawals recovered and processing fees were broadly under pressure. According to SMM statistics, China's aluminium billet inventory in major consumption areas recorded 139,500 tonnes on August 27, down 5,000 tonnes from last Monday and...
Aluminium scrap: This week, the aluminium scrap market held up with a consolidation on a strong note. As of August 27, the SMM A00 spot aluminium price closed at RMB 23,920 per tonne, up RMB 320 per tonne from last Thursday. In terms of the price difference between A00 aluminium and aluminium...
Macro perspective The US-Iran situation saw a temporary easing, with market expectations for restored strait navigation rising. International oil prices pulled back for three consecutive days, and the geopolitical risk premium continued to fade. However, the outlook for US-Iran negotiations remains...
As the EU’s Carbon Border Adjustment Mechanism (CBAM) gradually extends to downstream aluminium processing products, accurate product classification and origin information are becoming increasingly important and directly affect the assessment of potential carbon exposure. Following the analysis in...
Futures: The most-traded SHFE aluminium 2610 contract closed at RMB 23,960 per tonne, up RMB 125 from yesterday’s settlement price, a gain of 0.52 per cent. It opened at RMB 23,850 per tonne and fluctuated within the range of RMB 23,840–23,965 per tonne. Prices traded above the MA5 (23,812.00),...
According to the latest data from the General Administration of Customs of the People's Republic of China (GACC), China's aluminium profile imports in July reached 2,467.211 tonnes, up 21.55 per cent month-on-month (M-o-M) and down 4.92 per cent year-on-year (Y-o-Y). In terms of import origins,...
Futures: The most-traded SHFE aluminium 2610 contract closed at RMB 23,830 per tonne, down RMB 40 from the previous settlement, a decline of 0.17 per cent. It opened at RMB 23,760 per tonne and fluctuated within the range of RMB 23,710–23,870 per tonne during the session. Prices traded above MA5...
Data shows that in July 2026, China's aluminium wire exports totalled 102,800 tonnes, down 8.53 per cent M-o-M and up 481.79 per cent Y-o-Y. From January to July 2026, China's aluminium wire exports reached 386,300 tonnes, up 152.78 percentage points Y-o-Y. Among them, exports of other...
Futures: The most-traded SHFE aluminium 2610 contract closed at RMB 23,975 per tonne, up RMB 175 from yesterday's settlement, a gain of 0.74 per cent with an intraday open of RMB 23,730 per tonne and fluctuations between RMB 23,720 and RMB 24,075 per tonne. Prices were above the MA5 (23,760.00),...
According to customs data, China's exports of aluminium plate/sheet and strip (including aluminium plates, sheets, strips, and aluminium-plastic composite panels) reached 321,900 tonnes in July 2026. On a M-o-M basis, July exports fell 9.1 per cent from June's 354,000 tonnes, a decrease of about...
The most-traded SHFE aluminium 2610 contract closed at RMB 23,815 per tonne, up RMB 30 from yesterday's settlement price, an increase of 0.13 per cent. It opened at RMB 23,790 per tonne during the session, fluctuating in a range of RMB 23,780-23,940 per tonne. Prices traded above MA5 (23,712.00)...
Domestic alumina spot prices ran stable-to-soft last week, with sporadic deals holding at small discounts. On the supply side, domestic alumina operating capacity rose to around 99.4 million tonnes per year. No new curtailments or maintenance shutdowns were reported; instead, restarts progressed...
According to the latest data from the General Administration of Customs of China, cumulative exports of Chinese aluminium foil (HS code 7607 series) totalled 802,000 tonnes in January-July 2026, of which July exports stood at 118,800 tonnes, down 9.3 per cent M-o-M from the June high of 131,000...
Futures: The most-traded SHFE aluminium 2610 contract closed at RMB 23,835 per tonne, up RMB 215 from yesterday's settlement price, an increase of 0.91 per cent It opened at RMB 23,800 per tonne during the session, fluctuating within a range of RMB 23,705-23,860 per tonne. The price is above MA5...
