Shanghai Aluminium Futures Break CNY14,000/Tonne Barrier For First Time Since Halloween
Spurred on by a drop in inventories and an expected surge in demand, aluminium futures rose at the Shanghai Futures...
shanghai futures exchange
Aluminium Price Rise in East China Stymies Spot Market Trades
A sudden rise in aluminium futures prices led to sellers’ reluctance to offload cargoes, slowing spot trades in East China on Monday. According to reporting by SMM, the Shanghai Futures Exchange saw the front-month September contract rise on Monday, gaining back ground...
Tepid Trading Picks Up On China’s Spot Aluminium Market After Spring Festival Break
Though initially struggling after the just-ended Spring Festival break, trading on the People’s Republic of China’s spot aluminium market is...
Post-Holiday Aluminium Inventories In China See Slight Drop Off
The second post-holiday aluminium inventory for eight consumption areas in the People’s Republic of China was reported yesterday, and the...
Events
U.S.-China Trade Tensions Sink Aluminium Prices To 14-Month Nadir
Aluminium prices sunk to a new low on the year earlier this week due to market concerns that increased tensions between Washington, D.C. and Beijing are likely to set off a devastating trade war. According to market experts, comments by United States President Donald Trump referencing a raft of new tariffs waiting in the wings […]
Shanghai Futures Exchange To Release Draft Proposal For Alumina Futures Contract Within Months
Owing to a demand from traders for a benchmark for alumina pricing, The Shanghai Futures Exchange (ShFE) is planning to release a draft of an alumina futures contract by early next year. “We believe that by the end of this year or by the beginning of next year we will release a draft for discussion […]
Mysterious Trading in Shanghai Sends Aluminium Futures In London To Three-Month High
Aluminium market watchers were baffled on Wednesday after an unknown buyer made a large number of trades on the Shanghai Futures Exchange, setting off an immediate rally at the London Metal Exchange. According to reporting by Bloomberg, 68,430 contracts for October delivery were traded on the Exchange on Wednesday evening (Shanghai) over the course of […]
China’s Government Pledges Crackdown on Aluminium Speculators
In an effort at clamping down on “excessive” speculation in the nonferrous metals market that may lead to price distortions, the People’s Republic of China’s Ministry of Industry and Information Technology (MIIT) declared last week that it would step up efforts at monitoring the practice. The MIIT said on Wednesday that it intends to increase […]
Aluminium Rides Crest of Industrial Metals Wave to New High
A weaker dollar helped propel aluminium to peak above its 50-day and 100-day moving averages on Wednesday, gaining 1.8 percent and closing the day at US$2,177.50 per metric ton. Softness in the greenback motivated increased investments in metals across the board, as investors sought to protect against value erosion explained Societe Generale analyst Robin Bhar. […]
The Net-Zero Shift Starts With Low Carbon Aluminium
2020 was supposed to be “year of climate action”, with the Glasgow COP26 acting as a major milestone for both businesses and policymakers to accelerate decarbonization efforts. However, with COVID-19 disrupting lives and economies in an unprecedented manner, countries across the globe ...
Aluminium at the LME Week – Key Takeaways
Between October 28 and November 1st, London hosted the traditional London Metals Exchange (LME) Week gathering of analysts, brokers, traders ...
Aluminium Market Oversupplied, Demand Growth Flat
Base metals prices reacted positively to the progress registered in the latest round of US – China trade talks in ...
Aluminium of Greece (AOG): is the Pechiney spirit still alive?
Between September 24-25, FastmarketsMB organized its annual aluminium conference in Athens. A day before the conference, in accordance with an ...
