SMM data showed that China’s alumina output was 6.42 million mt in May, including 6.21 million mt of metallurgical grade alumina.

Spot transactions in the domestic alumina market improved slightly last week. Traders and downstream producers in north China made purchase, with prices in Shanxi up slightly to 2,340-2,350 yuan/mt. Spot trades remained muted in south China, where trades were mostly under long-term orders. There were few quotations at Bayuquan, and aluminium plants intended to buy at 2,420 yuan/mt.

Shanghai base metals fell broadly on Wednesday March 24. Copper shed 0.88%, aluminium weakened 0.5%, zinc fell 1.77%, nickel dropped 1.96% and tin plunged 2.31%, while lead added 0.3%.

Nonferrous metals on both SHFE and LME mostly cruised lower on Monday morning ahead of this week's Federal Reserve meeting stateside.

Nonferrous metals on both SHFE and LME declined across the board on Friday morning as investors watched bond yields as well as technology stocks

SHFE nonferrous metals all closed lower on Thursday March 4. Copper weakened 1.95%, aluminium dropped 1.64%, zinc plunged 3.3%, nickel tumbled 6%, lead fell 1.82% and tin slumped 3.55%.

SHFE nonferrous metals broadly fell on Friday February 26 as global markets are roiled by a sudden spike in bond yields, which sent investors fleeing highly valued segments of the market.

Nonferrous metals on the SHFE and LME fell for the most part on Friday morning following an overnight drop on Wall Street as a rapid rise in bond yields rattled investor sentiment.

SHFE nonferrous metals closed higher across the board on Thursday February 22, as global markets jumped following reassuring comments from Federal Reserve Chairman Jerome Powell on the inflation outlook.

Nonferrous metals on the LME all cruised higher on Wednesday morning, as Federal Reserve chair Jerome Powell said the central bank would keep its policies in place as it focused attention on getting Americans back to work.