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Top Stories
Weak demand, tight scrap supply deepen secondary aluminium losses
09 May 20264MINS
Aluminium scrap: China's aluminium scrap market swung wildly this week following primary aluminium. As of May 7, SMM A00 aluminium price closed at RMB 24,050 per tonne, down RMB 340 per tonne W-o-W from pre-holiday levels. Shredded aluminium tense scrap (delivered price) mainly operated in the ran ...
Geopolitical and supply-demand factors intertwined, SHFE and LME aluminium maintain range-bound weak pattern in the short term
08 May 20267MINS
The most-traded SHFE aluminium 2606 contract closed at RMB 24,410 per tonne, up 0.12 per cent. The price was below MA5 (24,513.00) and MA10 (24,692.50), but still above MA30 (24,699.00) and MA60 (24,496.92), with short-term moving averages forming resistance while medium-term support remained inta ...

08 May 20267MINS
For more than a decade, the phrase “industrial overcapacity” has been shorthand for possible inefficiency in China’s heavy industries — too many smelters, too much idle infrastructure, too much capital trapped in sectors that Beijing has repeatedly tried to rationalise. Aluminium has often sat at ...
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