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/Images/icons/news-icon.png Primary Aluminium - News
Aluminium prices lift further in China despite slow demand, pre-baked anode market to remain tight /Images/icons/OpenNewWindowIcon.gif

While SHFE aluminium is performing well in the Chinese market, aluminium stocks in China continues growing week on week as downstream producers are unwilling to buy at higher price. Stocks in China’s seven major markets grew further compared with a week ago, SMM statistics ...

AlCircle.com
21/Aug/2017
LME aluminium crosses US$2,100/t mark, but may drop after facing a resistance /Images/icons/OpenNewWindowIcon.gif

LME aluminium is on a solid upward trend. Drawing support from strong market fundamentals, the light metal climbed steadily to close at US$2,104.50 per tonne, up 11.5 per cent from US$1,887 per tonne at the beginning of this month. Reuters’ technical analysis suggests that ...

AlCircle.com
21/Aug/2017
Chalco’s primary aluminium production increased in H1 2017 /Images/icons/OpenNewWindowIcon.gif

Ao Hong, president of Chalco, said on Friday, that the company’s primary aluminium production increased in the first six months of this year.  He said that the increased production was due to capacity curtailments by private rivals, reported by Reuters. Chalco’s ...

AlCircle.com
19/Aug/2017
Traders flood China aluminium market on rising prices, downstream producers at loss /Images/icons/OpenNewWindowIcon.gif

According to an SMM report, traders in both East and South China markets actively sourced metals yesterday due to the rally in SHFE aluminium prices for two consecutive days. The price rise has fuelled their optimism which is expected to continue in the near term.  A00 ingo ...

AlCircle.com
18/Aug/2017
Chalco’s profit soars ten-fold in H1 2017 /Images/icons/OpenNewWindowIcon.gif

On Thursday, August 17, Aluminum Corp of China Limited (Chalco) announced the results for the first half of 2017. The company’s profit jumped more than tenfold year-on-year in H1 2017. China’s leading producer of primary aluminium and alumina reported net inco ...

AlCircle.com
18/Aug/2017
LME aluminium continues its upward trend; to test support at the 5-day moving average /Images/icons/OpenNewWindowIcon.gif

LME aluminium continues its upward trend with another leap from US$2,075 per tonne on Wednesday August 16 to close at US$2,095.50 per tonne on Thursday, August 17. As reported by Reuters, LME aluminium may settle into a range of US$2,081- 2,089 per tonne as it has stabilized ...

AlCircle.com
18/Aug/2017
Higher metal price boosts Press Metal’s revenue for Q2 ended June 30, 2017 /Images/icons/OpenNewWindowIcon.gif

Press Metal Aluminium Holdings Bhd , the leading aluminium producer in Southeast Asia,  announced  its net profit increased 2.8 per cent to RM150.17 million in second quarter ended June 30, 2017 from RM146.07 million a year ago driven by higher revenue. The company&r ...

AlCircle.com
17/Aug/2017
LME aluminium to rise further; may retest resistance at US$2,103/t /Images/icons/OpenNewWindowIcon.gif

The uptrend in LME aluminium is continuing. The light metal shone bright sharing the sheen on other base metals and closed at US$2,075 per tonne on Wednesday, August 16, rising from its earlier close of US$2,056 per tonne on Tuesday, August 15. Shanghai Metals Market forecast say ...

AlCircle.com
17/Aug/2017
Seller-buyer gap widens in Japan aluminium import market; July stocks rise 3% MoM /Images/icons/OpenNewWindowIcon.gif

With the LME nearby spreads in backwardation during trading hours in London on Monday, August 14, the seller-buyer gap in Japan’s aluminium import market widened yesterday, reported market sources. August 15 was the deadline for declaring the shipping September cargoes and ...

AlCircle.com
16/Aug/2017
Can supply side reforms support aluminium prices in the long term? Market fundamentals to play a key role /Images/icons/OpenNewWindowIcon.gif

The fourth round of environmental inspections in China has started in 31 provinces and metal producers in the regions covered by the scan have been required to shut down for environmental reasons. Aluminium producers in many regions of Zhejiang have closed for environmental check ...

AlCircle.com
16/Aug/2017