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...
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...
Aluminium prices in Shanghai receded from a nine-year high yesterday, propelled to highs thanks to a surge in demand, news...
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 […]
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, […]
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 […]
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