NBS: Aluminum Ingot Prices Leap in Early July

Published: Jul 14, 2017 21:16
China’s aluminum prices jumped 199.4 yuan per tonne or 1.5% to 13,941.8 yuan per tonne in early July from late June, according to the National Bureau of Statistics (NBS).

SHANGHAI, Jul. 14 (SMM) - China’s aluminum prices jumped 199.4 yuan per tonne or 1.5% to 13,941.8 yuan per tonne in early July from late June, according to the National Bureau of Statistics (NBS).

LME Zinc Dives with Remarkable Declines in Canceled Warrants, SMM Reports

Among other base metals, copper rose 1.3%, zinc leapt 2.0% and lead gained 0.2%.

Copper Inventories in Shanghai Bonded Zone Grow This Week, SMM Reports 

The article is edited by SMM and is provided for information purpose only. SMM assumes no liability and does not warrant the accuracy, reliability or completeness of information contained or quoted in the article, either express or implied. SMM further disclaims any liability for losses in connection with the information contained or quoted in the article.

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn. 

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn
For more information on how to access our research reports, please contact:service.en@smm.cn
Related News
Home Appliance Firms Adjust Strategies Amid Middle East Conflict and Rising Costs
1 hour ago
Home Appliance Firms Adjust Strategies Amid Middle East Conflict and Rising Costs
Read More
Home Appliance Firms Adjust Strategies Amid Middle East Conflict and Rising Costs
Home Appliance Firms Adjust Strategies Amid Middle East Conflict and Rising Costs
In the face of the impact brought by the Middle East war, home appliance enterprises took proactive measures to respond. Since the outbreak of the Middle East conflict, logistics and transportation of home appliance exports to the Middle East region encountered short-term disruptions. In response, some enterprises chose to strengthen their local supply strategies. Meanwhile, affected by the sharp rise in raw material costs, some home appliance enterprises raised the prices of their export products by approximately 10% to alleviate cost pressure.
1 hour ago
Iran Closes Strait of Hormuz, Prohibits Vessel Passage Amid Tensions with US
1 hour ago
Iran Closes Strait of Hormuz, Prohibits Vessel Passage Amid Tensions with US
Read More
Iran Closes Strait of Hormuz, Prohibits Vessel Passage Amid Tensions with US
Iran Closes Strait of Hormuz, Prohibits Vessel Passage Amid Tensions with US
A spokesperson for Iran's military stated that, given the US's "repeated failure to honor its commitments," control of the Strait of Hormuz had been restored to its previous status and was now under the strict control of Iran's armed forces. According to shipping sources, multiple commercial vessels received radio notifications from the Iranian navy informing them that the Strait of Hormuz was once again closed and that passage by any vessel was prohibited. Ship tracking data showed that approximately 10 vessels attempted to transit the Strait of Hormuz on April 18 but ultimately turned back.
1 hour ago
Iran Vows to Control Strait of Hormuz, Citing US Military Threat to Regional Security
1 hour ago
Iran Vows to Control Strait of Hormuz, Citing US Military Threat to Regional Security
Read More
Iran Vows to Control Strait of Hormuz, Citing US Military Threat to Regional Security
Iran Vows to Control Strait of Hormuz, Citing US Military Threat to Regional Security
The Secretariat of Iran's Supreme National Security Council issued a statement saying that US military bases in the Gulf region, whose primary supplies are maintained through shipping via the Strait of Hormuz, pose a threat to both Iran's national security and regional security. In light of this, Iran will continue to supervise and control the passage through the Strait of Hormuz until hostilities are completely ended and a lasting peace is achieved.
1 hour ago