shanghai futures exchange

China’s Aluminium Smelters Continue High Production While Domestic Prices Fall

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...

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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, […]