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...
Data from the People’s Republic of China shows that the country’s output of aluminium is poised to continue at a...
Market regulators in Beijing said earlier this week that aluminium and other commodities suppliers should “reasonably” price their sales, and...
Citing an “irrational surge” in aluminium prices, the China Nonferrous Metals Industry Association (CNIA) met earlier this week to discuss...
An expert on the metals market in the People’s Republic of China advised its clients that the Middle Kingdom is preparing to release hundreds of thousands of metric tons of raw aluminium in an effort at depressing the market for the metal. According to CRU, China’s National Food and Strategic Reserves Administration could release between […]
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 […]
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 […]
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 […]
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 […]
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