shanghai futures exchange

Beijing Promises Swift Action Against Speculators Suspected Of Spiking Aluminium Prices

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 that speculators and stockpilers would face harsh penalties for actions resulting in price spikes. With prices for aluminium in Shanghai higher than...

Events

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 […]

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, […]

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 […]