Beijing Promises Swift Action Against Speculators Suspected Of Spiking Aluminium Prices
Market regulators in Beijing said earlier this week that aluminium and other commodities suppliers should “reasonably” price their sales, and...
shanghai futures exchange
China’s Aluminium Smelters Continue High Production While Domestic Prices Fall
Data from the People’s Republic of China shows that the country’s output of aluminium is poised to continue at a high level despite the continuing decline in prices of the commodity. According to state-run metals research organization Antaike, the Middle Kingdom’s aluminium...
Aluminium Price Spike At Shanghai Exchange Prompts CNIA Meeting
Citing an “irrational surge” in aluminium prices, the China Nonferrous Metals Industry Association (CNIA) met earlier this week to discuss...
China To Release Up To 900 MMT Of Primary Aluminium In Coming Months: CRU
An expert on the metals market in the People’s Republic of China advised its clients that the Middle Kingdom is...
Events
Shanghai Aluminium Recedes From Nine-Year High Thanks To Hopes For US Stimulus, COVID-19 Vaccine
Aluminium prices in Shanghai receded from a nine-year high yesterday, propelled to highs thanks to a surge in demand, news of a stimulus package in the United States, and rumors of a vaccine for COVID-19 on the way. On Thursday, January aluminium contracts fell by 3.9 percent from a multi-year high of CNY16,925 per metric […]
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 lost on Friday evening. Spot trades fell in a range between CNY14,270 and […]
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 Exchange to their highest level since the end of October on Monday. With data showing that aluminium inventories in Shanghai’s warehouses fell to a nadir of 665,067 metric tons, which was the lowest point since […]
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 beginning to quicken after a substantial purchase earlier this week. Coming off one of China’s two “golden week” breaks, trading on the domestic spot market was slow on Monday, with downstream consumers still absent from […]
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 numbers reflected a drop-off from levels reported the week prior. According to inventory numbers released by Shanghai Metals Market, combined inventories across eight of China’s main consumption areas totaled 1.299 million metric tons. That total, […]
Biden Infrastructure Bill A Big Boon To Aluminium Industry: Norsk Hydro VP Mike Stier
Earlier this month the United States Congress passed into law President Joe Biden’s US$1.2 trillion infrastructure package. The Investing in a New Vision for the Environment and Surface Transportation in America Act (or the INVEST in America Act) will allocate US$550 billion ...
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 ...
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 ...
