Non-ferrous

Non-ferrous

Base Metals

Rare Earth

Scrap Metals

Minor Metals

Precious Metals

Ferrous Metals

Ferrous Metals

Iron Ore Index Iron Ore Price Finished Steel Coke Coal Pig Iron Silicon Steel

New Energy

New Energy

Solar Lithium Cobalt Ternary Precursor and Material Anode Materials Chemical Compound Lithium-ion Battery Used Lithium-ion Battery Sodium-ion Battery Hydrogen Energy Energy Storage

Dashboard DatabasePro Reports Events Car Insight

Home / Metal News / Eastern spot aluminium buyers remain quiet even as spot discounts widen

Eastern spot aluminium buyers remain quiet even as spot discounts widen

Nov 29, 2018 15:39

Source:SMM

Spot discounts in Shanghai were heard at 60-50 yuan/mt against the Dec contract, compared to 40-30 yuan/mt in the previous day

SHANGHAI, Nov 29 (SMM) – Across east-China markets, spot aluminium downstream buyers remained quiet on Thursday morning and sellers continued to be keen to offload their cargoes, SMM research found.

The SHFE 1812 contract fell in morning trade. Spot discounts in Shanghai were heard at 60-50 yuan/mt against the December contract, compared to 40-30 yuan/mt in the previous day. Most transactions were done at 13,560-13,570 yuan/mt in Shanghai and Wuxi and 13,590-13,610 yuan/mt in Hangzhou, and the prices were some 60 yuan/mt lower than the prior day.

Most transactions in Guangdong were done at 13,630-13,650 yuan/mt with Guangdong-Shanghai spread widened to 70 yuan/mt.

Offloading willingness across sellers in Guangdong improved while downstream consumers continued to purchase on demand. The Aluminum Corporation of China Limited (Chalco) also made purchases today.

Market commentary

Aluminium

For queries, please contact Michael Jiang at michaeljiang@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Related news

SMM Morning Comments (Jul 23): Shanghai base metals were mostly higher on dovish ECB comments

Shanghai base metals mostly cruised higher on Friday morning amid dovish comments from European Central Bank. Meanwhile, their counterparts on the LME traded mixed.

time

Jul 23, 2021 10:00

SMM Morning Comments (Jul 23): Shanghai base metals were mostly higher on dovish ECB comments

An aluminium plant in Dengfeng stopped production due to heavy rainfall in Henan

Affected by the flood caused by heavy rainfall, an explosion accident occurred in a small aluminium plant in Dengfeng, Henan Province on July 20, and about 40,000 mt of aluminium production capacities were stopped.

time

Jul 20, 2021 11:53

An aluminium plant in Dengfeng stopped production due to heavy rainfall in Henan

SMM Evening Comments (Jul 19): Shanghai nonferrous metals ended mixed as investors monitored virus and digested OPEC deal

SHFE nonferrous metals closed mixed on Monday July 19 as markets digested the latest OPEC + announcement regarding oil production, and continued to brood on inflation and rising Covid-19 cases.

time

Jul 19, 2021 18:00

SMM Evening Comments (Jul 19): Shanghai nonferrous metals ended mixed as investors monitored virus and digested OPEC deal

NDRC: To further release copper, aluminium, and zinc reserves, strictly penalise price bidding

NDRC will continue to follow the deployment of the executive meeting of the State Council, work with relevant departments to strengthen the monitoring and forecast of commodity prices, organise subsequent release of copper, aluminium, zinc and other national reserves, and pay close attention to abnormal market price fluctuations.

time

Jul 19, 2021 16:36

NDRC: To further release copper, aluminium, and zinc reserves, strictly penalise price bidding

SMM Morning Comments (Jul 16): Shanghai base metals rose across the board as jobless claims data helped

Shanghai base metals all cruised higher on Friday morning after the head of the Federal Reserve told Congress he saw no need to rush the shift towards tighter post-pandemic monetary policy. Meanwhile, their counterparts on the LME mostly cruised lower.

time

Jul 16, 2021 10:00

SMM Morning Comments (Jul 16): Shanghai base metals rose across the board as jobless claims data helped

SMM Morning Comments (Jul 15): Shanghai base metals were mixed as traders digested inflation data, Fed comments

Shanghai base metals traded mixed on Thursday morning as traders reacted to hotter-than-expected US and UK inflation figures and comments from Fed Chairman Jerome Powell. Meanwhile, their counterparts on the LME fell for the most part.

time

Jul 15, 2021 10:00

SMM Morning Comments (Jul 15): Shanghai base metals were mixed as traders digested inflation data, Fed comments

SMM Morning Comments (Jul 12): Shanghai base metals rose across the board as investors watched regional Covid situation

Shanghai base metals advanced across the board on Monday morning as investors continued to monitor the Covid situation regionally. Meanwhile, their counterparts on the LME also rose for the most part.

time

Jul 12, 2021 10:00

SMM Morning Comments (Jul 12): Shanghai base metals rose across the board as investors watched regional Covid situation

SMM Morning Comments (Jul 5): Shanghai base metals rose across the board as US jobs report beat expectations

Shanghai base metals were mostly higher on Monday morning as investors digested a better-than-expected US jobs report. Meanwhile, their counterparts on the LME fell for the most part.

time

Jul 5, 2021 10:00

SMM Morning Comments (Jul 5): Shanghai base metals rose across the board as US jobs report beat expectations

SMM Morning Comments (Jun 30): Shanghai base metals rose across the board as global investors looked to US jobs data

Shanghai base metals were mostly higher on Wednesday morning as global investors monitored the spread of the delta Covid-19 variant and awaited key economic data out of the US. Meanwhile, their counterparts on the LME also rose for the most part.

time

Jun 30, 2021 10:00

SMM Morning Comments (Jun 30): Shanghai base metals rose across the board as global investors looked to US jobs data

SMM Morning Comments (Jun 29): Shanghai base metals were mixed as investors monitored rising Covid-19 cases around the globe

Shanghai base metals mostly cruised lower on Tuesday morning despite gains overnight on Wall Street that saw the S&P 500 and Nasdaq Composite touching fresh record closing highs. Meanwhile, their counterparts on the LME traded mixed.

time

Jun 29, 2021 10:00

SMM Morning Comments (Jun 29): Shanghai base metals were mixed as investors monitored rising Covid-19 cases around the globe

SMM Events & Webinars

Oct
09
- NET ZERO EUROPE - Solar & Energy Storage Summit
  Oct 09 - 10,2024
  THE EGG BRUSSELS, BELGIUM
Oct
08
- 2nd Li-ion Battery Europe 2024
  Oct 08 - 10,2024
  THE EGG BRUSSELS, BELGIUM
Jun
24
- 2024 Global Renewable Metal Industry Chain Summit
  Jun 24 - 25,2024
  To foster international cooperation and dialogue among industry colleagues
  Kuala Lumpur , Malaysia

MOST POPULAR

1.Research On The Supply Chain Of Aluminum Anti-collision Beams For Automobiles

2.Aluminum Wire Supplier Screening

3.Cost Analysis Of AL Extrusion For Target Units

4.Research On The Sustainable Development Layout Of Key Players(Foil, Roll, Plate)

5.Optimization Of Purchasing Cost For Casting Alloys

Shanghai Metals Market

Privacy Policy Compliance Centre SMM Credit Service Contact Us About Us Terms & Conditions Sitemap Holiday Pricing Schedule

Notice: By accessing this site you agree that you will not copy or reproduce any part of its contents (including, but not limited to, single prices, graphs or news content) in any form or for any purpose whatsoever without the prior written consent of the publisher.

Drop us a line

service.en@smm.cn

How can we help you?

+86 021 5155-0306

Live chat via WhatsApp

Copyright © 2024 SMM Information & Technology Co., Ltd. All rights reserved.