2093results found for 'aluminum ingot'
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News
- LME Aluminum Ingot Inventory Destocked 2,500 mt on May 14
May 14, London Metal Exchange (LME): Total inventory 344,000 mt, change -2,500 mt; registered warrants 286,725 mt, change 0 mt; cancelled warrants 57,275 mt, change +2,350 mt.
May 15, 2026 17:20 - Declining Aluminum Prices Combined with Friday Restocking Led to Rising Purchase Sentiment in the Spot Market [SMM Spot Aluminum Midday Review]
SMM, May 15: During the morning session, the SHFE aluminum 2606 contract fluctuated downward, with the overall price center moving significantly lower compared to the previous trading day. Today, market purchasing sentiment remained weak. Affected by the sharp decline in aluminum prices, some sellers showed strong sentiment to hold prices firm. Mainstream spot cargo quotations in the market ranged from SMMA00 minus 10 yuan/mt to minus 20 yuan/mt. Today, the east China market shipment sentiment index was 3, unchanged MoM; the purchasing sentiment index was 2.83, up 0.03 MoM. Today, aluminum futures prices pulled back significantly from the previous day's morning session. Combined with the fact that it was Friday, downstream processing enterprises in the central China market saw a recovery in stockpiling sentiment, and the overall trading atmosphere improved. However, suppliers' shipment sentiment edged down compared to the previous day. Ultimately, actual transaction prices in the central China market ranged between parity and a discount of 10 yuan to the central China price. Today, the central China market shipment sentiment index was 2.83, unchanged MoM; the purchasing sentiment index was 2.26, unchanged MoM. Inventory side, aluminum ingot inventory in major consumption areas fell 0.35 MoM today, with destocking originating from Guangdong and Wuxi.
May 15, 2026 17:14 - Macro Tailwinds Coexist with Inventory Pressure, Limiting Upside Room for Aluminum Prices [SMM Aluminum Morning Meeting Minutes]
[Macro Tailwinds and Inventory Pressure Coexist, Limiting Upside Room for Aluminum Prices] Current macro tailwinds are being released in a concentrated manner, the global rigid supply gap for aluminum has been confirmed, and China’s aluminum ingot inventory has entered initial destocking. Multiple positive factors are providing support for aluminum prices. However, inventory at high levels in China remains the core factor suppressing a sharp price surge. In addition, spot market trading has been relatively weak, and expectations for US Fed interest rate hikes this year have been heating up, further limiting upside room for aluminum prices. Going forward, attention should be paid to whether China’s aluminum ingot inventory can maintain sustained destocking, thereby easing the pressure that inventory at high levels exerts on aluminum prices.
May 15, 2026 09:15 - LME Aluminum Ingot Inventory Destocked 2,250 mt on May 13
May 13, London Metal Exchange (LME): Total inventory 346,500 mt, change -2,250 mt; registered warrants 291,725 mt, change -10,000 mt; cancelled warrants 54,775 mt, change +7,450 mt.
May 14, 2026 18:20 - Positive Factors Still Provide Support, but Upside Room for Aluminum Prices Is Limited [SMM Aluminum Price Weekly Review]
[SMM Aluminum Price Weekly Review: Positive Factors Still Provide Support, but Upside Room for Aluminum Prices Remains Limited]
May 14, 2026 18:01 - Weak Market Purchase Sentiment, Declining Market Transaction Prices [SMM Spot Aluminum Midday Review]
SMM May 14: During the morning session, the SHFE aluminum 2606 contract fluctuated upward, with the overall price center moving higher than the previous trading day. Today, market procurement sentiment remained weak, while seller shipments sentiment rose due to higher aluminum prices. Mainstream spot quotes ranged from SMMA00 minus 10 yuan/mt to minus 20 yuan/mt. Today, the east China market shipments sentiment index was 3 (up 0.04 MoM), and the procurement sentiment index was 2.8 (down 0.06 MoM). Aluminum prices rose significantly during last night's night session, and the central China market's initial premiums were low today. Although prices continued to decline after the opening, transaction price premiums remained low and showed a continued downward trend, affected by insufficient invoice quotas and high aluminum prices suppressing downstream procurement sentiment. Ultimately, the actual transaction price range in the central China market was around 20 to 50 yuan discount to the central China price. Today, the central China market shipments sentiment index was 2.83 (up 0.01 MoM), and the procurement sentiment index was 2.26 (down 0.02 MoM). Inventory side, aluminum ingot inventory in major consumption areas fell 0.15 MoM today, with destocking originating from Guangdong and Wuxi.
May 14, 2026 14:21
Announcements
Dear User: Hello! In recent years, China has formed multiple consumption centers for spot aluminum ingot trading. With the development of the aluminum industry chain in the Southwest region, market attention to the Southwest region has gradually increased. Among them, Guangyuan is an important hub for aluminum trading in Sichuan, Shaanxi, Gansu, and Chongqing, and is also the location of the designated settlement warehouse for aluminum futures of the Shanghai Futures Exchange , where aluminum product trading has become increasingly frequent. Therefore, there is an urgent need to compile and release a price index that can fully reflect the spot price of A00 aluminum ingots in the Guangyuan region of our country, so as to objectively, truthfully, and timely reflect the supply and demand situation of the A00 aluminum ingot Spot Market in our country. Based on this, SMM will start to newly release the SMM A00 Aluminum (Guangyuan) and Premium Spot Price Points from November 20, 2025. 1. General Principles of SMM Price Methodology Shanghai Metals Market (hereinafter referred to as SMM) is a completely independent third-party service provider that does not participate in any substantial transactions. Instead, it maintains close communication with the buyers or sellers of transactions as a market observer or organizer and provides relevant services to the market. SMM continuously formulates, reviews, and revises its methodology through communication with industry insiders, adopts the most common product specifications, trade terms, and trade conditions in the industry, and equally values normal transactions that meet the specification standards. SMM reserves the right to exclude any price information deemed to be of poor reliability or unrepresentative from its quotation judgment. SMM publishes daily metal spot prices (or price indices, including those for the Chinese market, markets outside China, and the global market), commonly referred to as SMM Prices. SMM has developed corresponding methodologies for all published SMM Prices (which will be published on SMM's official website www.smm.cn for reference), and the methodologies specify the methods and procedures for the generation and publication of SMM Prices, with SMM Prices being generated and published strictly in accordance with the provisions of the methodologies. To align with the actual situation of the Spot Market, SMM will make necessary revisions to the SMM Price Methodology and announce them on the SMM official website prior to formal implementation. If you have any questions or suggestions regarding SMM prices and their methodology, please contact SMM Client Server staff (please check the contact information on the SMM official website www.smm.cn). 2. Formation of the Spot Price Point of SMM A00 (Guangyuan) 2.1 Definitions The SMM A00 (Guangyuan) Spot Price is an indicative price generated and published by SMM in accordance with this methodology, which can be adopted by both trading parties as a reference basis for the settlement of spot trade of A00 aluminum ingots in the Guangyuan region. This price reflects the most likely range of spot transaction prices before the release time of the SMM A00 aluminum ingot spot quotation on each complete working day. This price is based on the trading conditions in the Guangyuan region on the day, and other regions can adjust the actual settlement price during trading based on the market correlation between different regions on the basis of this price. 2.2 Price Generation Method SMM obtains information on the spot price of local A00 aluminum ingots in Guangyuan through standard price benchmarking methods, including the indicative transaction price provided by the price benchmarking unit, the existing transaction spot premium or discount, and the indicative transaction spot premium or discount, etc. 2.3 Product Standards A00 Aluminum Ingot: Complies with the requirements for the "Al99.70" grade in GB/T 1196-2023 Aluminum Ingots for Remelting. 2.4 Pricing Unit and Presentation Form Unit: (Renminbi) Yuan/ton. Presented in interval form, it is a tax-inclusive price (including 13% Value Added Tax) Daily quotations include the highest, lowest, and average prices of SMM A00 Aluminum (Guangyuan) and its premium or discount. 2.5 Delivery Method Same-day delivery, pick up by the buyer at Guangyuan Warehouse 2.6 Release Time 10:15 AM every working day (excluding legal holidays and weekends) 3. Methodology Changes All markets are changing, and SMM has the responsibility to ensure that the methodology for market reports changes in tandem with the market. Therefore, SMM will conduct internal reviews of the appropriateness of the methodology on a regular basis based on industry feedback. For all potential modifications that are substantial but not urgent, SMM will follow the formal external consultation process. Then, significant changes will be announced, with a notice period of at least 28 days provided to invite industry professionals to comment, unless special circumstances, especially force majeure (natural disasters, wars, exchange bankruptcies, etc.), result in a shortened notice period. SMM commits to carefully reviewing all comments regarding the proposed methodological changes, but in some cases, may have to make changes to the methodology against the wishes of some market participants. In addition, SMM has a formal methodology consultation process. SMM commits to conducting a formal consultation on the A00 aluminum quotation once every year. The date of the last consultation and the deadline for SMM's commitment to hold the next consultation are located at the top of the methodology document. In addition, SMM has a formal methodology consultation process. SMM is committed to serving enterprises in the aluminum industry chain and reducing their transaction costs. The newly added price points will be updated at 10:15 a.m. every working day. Please stay tuned. If you have any feedback, please send it to 021-51595811 (Howard Yang). Shanghai Nonferrous Metals Network Information Technology Joint Stock Company Aluminum Business Unit 2025.11.14
PriceNov 14, 2025 18:13