Primary aluminium imports: According to data from the General Administration of Customs, domestic primary aluminium imports stood at approximately 186,000 tonnes in August 2026, up 0.2 per cent month-on-month and down 14.6 per cent year-on-year. Cumulative domestic primary aluminium imports from January to August 2026 reached roughly 1.657 million tonnes, a year-on-year decline of 3.4 per cent. Primary aluminium exports: Customs data showed domestic primary aluminium exports were around 22,000 tonnes in August 2026, dropping 30.7 per cent month-on-month and 14.7 per cent year-on-year. Cumulative primary aluminium exports between January and August 2026 totalled approximately 168,000 tonnes, representing a year-on-year increase of about 9.3 per cent. Net imports of primary aluminium:...
The London Metal Exchange (LME) aluminium price graph continues to drop across the pricing and contract segments on the September 24 trading session, reporting declines over the September 23 close . The LME aluminium cash bid slumped from USD 3,239.5 per tonne to USD 3,227 per tonne, rising 0.39 per cent. The offer price moved from USD 3,240 per tonne to USD 3,228 per tonne, dropping by 0.37 per cent. Explore- Most comprehensive and forward-looking industry-focused report — Global Bauxite & Alumina Market Forecast to 2036: Supply–Demand, Trade Flows & Price Outlook The LME aluminium three-month bid contracted from USD 3,258 per tonne to USD 3,252 per tonne, decreasing by 0.18 per cent. The offer price plunged from USD 3,260 per tonne to USD 3,252.5 per tonne, representing a 0.23 per cent...
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The US dollar index stemmed earlier losses and rebounded above 97.2 on Friday. LME base metals, except for tin, traded higher on Friday and aluminium gained 0.31%. SHFE base metals closed higher across the board on Friday night. SHFE aluminium rose 0.44%. LME aluminium closed Friday’s trading higher at US$ 1900 per tonne.US-China trade optimism and upbeat China manufacturing activity are likely to buoy LME aluminium today. The contract is likely to trade at US$1,910-1,940 per tonne. As on March 29, LME aluminium cash (bid) price stood at US$ 1899.50 per tonne, LME official settlement price stands at US$ 1900 per tonne; 3-months bid price stands at US$ 1913 per tonne, 3-months offer price is US$ 1914 per tonne; Dec 20 bid price stands at US$ 2040 per tonne, and Dec 20 offer price stands at...
The Finance Minister of India has reportedly notified that the retaliatory customs duties on 29 US products have been extended, yet again, till May 2, 2019. This is perhaps the seventh time that the Indian government has postponed the duties. Earlier, the deadline was on April 1. Since June 2018, the government is extending the deadline to impose customs duties on the US in retaliation to the higher tariffs imposed by the Trump administration on certain imported aluminium and steel products. India is pushing the dates as the two countries are negotiating a trade package to boost bilateral commerce. However, earlier in March, the US decided to remove Indian exporters’ incentives that were being provided for exporting certain goods under the Generalised System of Preferences programme. The...
Aluminium Corporation of China Limited (Chalco), the listed arm of China’s biggest state-run aluminium firm Chinalco, reported that it recorded a net loss of RMB 626.1 million ($92.92 million) in the fourth quarter of 2018. According to Refinitiv Eikon data, the company faced the first quarterly loss in more than the past three years, and that was primarily due to low aluminium prices and sluggish domestic demand. Annual net profit plunged 38 per cent to RMB 870.23 million last year, versus a restated RMB 1.41 billion for 2017. Chalco’s net profit stood low last year despite a year-on-year rise in production by 16 per cent to 4.17 million tonnes. The net profit drop could be because of the financial pressure that Chinese smelters underwent in 2018. The prices of raw materials like alumina...
The US dollar traded lower in the beginning of the week as the US government bond yields extended their decline from last week on fears of slower global growth. The dollar then rose for three consecutive trading days and jumped to the highest since March 11. Base metals traded mixed over the week and both LME and SHFE aluminium moved within a tight range. Both the contracts did not register any sharp rise or fall. LME aluminium closed Friday's trading slightly higher from previous closing to close at US$ 1900 per tonne. The weekly trading range was set at US$1,850- 1900 per tonne. The contract is likely to trade at US$1,850-1,920 per tonne over the next week. As on March 29, LME aluminium cash (bid) price stood at US$ 1899.50per tonne, LME official settlement price stands at US$ 1900 per...
Romanian aluminium company Alro announced that the company currently expects its net profit for 2019 to be lower than 2018. The company expects net profit of about USD 12.4 million (EUR 11.0 million), down 78 per cent from last year. ALRO is one of the largest vertically integrated aluminium producers, by capacity, in Europe. With an installed production capacity of 265,000 tonnes per year, the company mainly exports its products to the USA and Asia. In 2018, the company reported net profit of RON 226 million (USD 49 million), down 29% year-on-year. Alro also released production numbers for the full year 2018. The company produced 282,810 tonnes of primary aluminium in 2018. Processed aluminium production dropped to 77,086 tonnes last year. Primary aluminium sales increased to 153,473...
RUSAL and PJSC RusHydro, one of Russia's largest generating companies, commissioned the first potline at the expanded capacity in the Boguchansky aluminium smelter (BOAZ )at Boguchany Energy and Metals Complex (BEMO) in Krasnoyarsk, Siberia. In 2018, Rusal announced its plan to launch new capacity at its Boguchansky aluminium smelter after expansion in 2019. With the comissioning, Rusal has almost doubled Boguchansky’s capacity from 150,000 tonnes to 298,000 tonnes a year. Evgenii Nikitin, current CEO of RUSAL and Nikolay Shulginov, Board Сhairman and General Director of PJSC, took part in the ceremony along with government officials. The joint agreement for the aluminium and hydro power project was signed by RUSAL and RusHydro 13 years ago at the Krasnoyarsk Economic Forum. The BEMO...
ALRO S.A., one of the largest vertically integrated aluminium producers in Europe by production capacity, published its consolidated and separate financial full-year 2018 results. The company’s net profit decreased from RON 318 million in 2017 to RON 226 million in 2018. The adjusted net profit registered RON 227 million in 2018, from RON 355 million in 2017. ALRO reported primary aluminium sales of 153,000 tonnes in 2018, up from 151,000 tonnes in 2017. The processed aluminium sales slightly decreased to 78,000 tonnes in 2018, from 82,000 tonnes. ALRO Group’s net profit stood at RON 235 million in 2018, down from RON 391 million in 2017. The Group registered the adjusted net profit of RON 250 million. Turnover increased to almost RON 3 billion in 2018. EBITDA margin was above 16%, with a...
The US dollar rose for the third consecutive trading day and jumped to the highest since March 11, at 97.3 last night. Base metals ended mixed. LME aluminium gained while SHFE aluminium went down slightly. LME aluminium closed Thursday's trading lower at US$ 1896.50 per tonne and rebounded and ended 0.11% higher overnight after it fell below support from the 40- and 60- day moving averages, to a low of US$1,896 per tonne. The contract is likely to trade at US$1,870-1,930 per tonne today. As on March 28, LME aluminium cash (bid) price stood at US$ 1895.50 per tonne, LME official settlement price stands at US$ 1896.50 per tonne; 3-months bid price stands at US$ 1911.50 per tonne, 3-months offer price is US$ 1912 per tonne; Dec 20 bid price stands at US$ 2040 per tonne, and Dec 20 offer...
Aluminium Corporation of China Limited’s (Chalco) 2018 annual aluminium production has reportedly recorded a growth of 16 per cent to come in at 4.17 million tonnes. The news came after the state-run company formally announced in a presentation to analysts reviewed by Reuters on March 29. After taking over Yunnan Aluminium last year, Chalco’s unlisted parent company Chinalco’s group capacity increased to 5 million tonnes and above. The jump was enough for Chalco to overtake Russia’s Rusal as the world’s second-biggest publicly traded producer of the metal. Rusal produced 3.753 million tonnes in 2018. Before this, Beijing-based Chalco could beat Rusal’s aluminium production in 2012, when both the firms had produced more than 4 million tonnes, according to a review of company filings. Later...
A00 aluminium ingot price once again sees a drop today, March 29, 2019. The price dropped from RMB13940 per tonne to RMB13920 per tonne, representing a drop of RMB20 per tonne from yesterday. The price is expected to hover between RMB13900-13940 per tonne, with spot premium to settle at RMB250-290 per tonne. In the East (Hangzhou), the aluminium ingot price dropped from RMB13960 to RMB13940 per tonne on Friday, 29 March 2019, and expected to move within a range of RMB13930-13950 per tonne. Ingot price in the East (Wuxi) showed restraint at RMB13930 per tonne. Aluminium ingot price in the South declined RMB20 per tonne to stand at RMB13920 per tonne, while that in the North increased RMB50 per tonne to stand at RMB13960 per tonne. Their average price is expected to range between...
According to the latest data showed by International Aluminium Institute (IAI), world primary aluminium production stood at 4.92 million tonnes in February 2019, down 9.07 per cent from January production of 5.4 million tonnes, but up 0.26 per cent from February 2018 production of 4.9 million tonnes. China’s estimated primary aluminium production came in at 2.78 million tonnes in February, data showed on Wednesday, March 20. In Asia ex-China, total aluminium production registered 343,000 tonnes last month. This was up 1.48 per cent from 338,000 tonnes in February 2018. In the Middle East, the production dropped 1.93 per cent year-on-year to 406,000 tonnes in February 2019. Total primary aluminium production was ta 414,000 tonnes last year. Europe primary aluminium production totalled at...
The US dollar index rose on Wednesday to a new high of 96.98 since March 13, while emerging-market currencies declined. LME base metals traded mixed on Wednesday. LME aluminium rose 0.05% while SHFE aluminium gained 0.48%. The three-month LME aluminium rose to an intraday high of US$1,919.5 per tonne on Wednesday before it pared some gains to end marginally higher at US$1,903 per tonne. The market appeared to have been minimally affected by the Norsk Hydro’s announcement that it reached an agreement with Brazil’s federal prosecutor for a complete restart at Alunorte. LME aluminium is expected to trade at US$1,870-1,920 per tonne today. As on March 27, LME aluminium cash (bid) price stood at US$ 1898 per tonne, LME official settlement price stands at US$ 1898.50 per tonne; 3-months bid...
After three consecutive drops, the A00 aluminium ingot price has recorded a growth of RMB 40 per tonne to RMB 13,940 per tonne, Shanghai Metals Market found. This is the first rise of aluminium ingot this week, after which the price has rebounded to what it was a week ago, on March 20. As the first quarter of the calendar year 2019 is approaching an end, it can be concluded that the A00 aluminium ingot price has shown an overall growing trend. There had been intermittent drops in price; but nonetheless, it grew up to RMB 14,020 per tonne on March 22, the highest in the quarter. Also, compared with the same period last year, the ingot price as on today is higher by RMB 280 per tonne from RMB 13,660 on March 28, 2018. The A00 aluminium ingot average price today is expected to range between...
Aluminium Bahrain B.S.C. (Alba) has started 25 per cent of Line 6 pots on Tuesday March 26, 2019. The company has safely started 106 pots out of 424 pots in Line 6 smelter, and expects to reach 50 per cent by the end of next month. Alba, soon to be the largest aluminium smelter in the world, had announced the successful testing and operation of 40 pots in February 2019. The Chairman of Alba’s Board of Directors, Shaikh Daij Bin Salman Bin Daij Al Khalifa, said: “We are pleased to have safely started 106 pots which equates to 25% of Line 6 capacity. Our next milestone is to reach 50% by the end of April and we expect full completion of Line 6 in early Q3 2019.” “I would like to thank all of our employees and contractors for taking Extreme Ownership on Safety during the Line 6 start-up.”
As updated by Shanghai Metals Market, downstream consumers showed interest in purchasing spot aluminium in the eastern and southern markets in China this morning as prices of aluminium fell. Spot aluminium in Shanghai mostly trade at RMB13,870 per tonne and RMB13,880 per tonne on Wednesday, March 27, down some RMB70 per tonne. Spot aluminium was at RMB13,940 per tonne and RMB13,950 per tonne on Tuesday morning. Premiums over the front-month April contract on the Shanghai Futures Exchange stood at RMB280 per tonne and RMB300 per tonne, from RMB320 per tonne and RMB340 per tonne in the previous morning. In Wuxi and Hangzhou, on Wednesday morning, spot deals mostly occurred at RMB13,870 per tonne and RMB13,880 per tonne, and RMB13,880 per tonne and RMB13,900 per tonne. In Guangdong, spot...
The Aluminum Association released a joint letter with the Aluminium Association of Canada and IMEDAL urging for quota-free exemptions from the aluminium tariffs for Canada and Mexico before the implementation of United States-Mexico-Canada Agreement (USMCA). Addressed to the Presidents of the US, Canada and Mexico, the associations urged the administration to resolve any national security concerns related to the Section 232 tariffs on aluminium products while exempting the two trade partners from tariffs. The associations believed that the new USMCA cannot function properly without full exemptions for Canada and Mexico. They emphasised that the association members have been benefitted by the fair and legal trades of aluminium and aluminium products within North America. The proposed...
The US dollar inched higher against its rivals as benchmark US 10-year Treasury debt yields rebounded from 15-month lows. Base metals ended mostly higher. LME aluminium rose 0.9% and SHFE aluminium, edged down. LME aluminium dropped to a low of $1,874.5/mt after miner Rio Tinto said they restarted bauxite mining in Australia after the cyclone was over. The aluminium contract then regained some losses overnight and closed at US$1,904.5 per tonne, facing pressure from the five-day moving average. The contract is likely to trade at US$1,850-1,930 per tonne today. As on March 26, LME aluminium cash (bid) price stood at US$ 1849 per tonne, LME official settlement price stands at US$ 1849.50 per tonne; 3-months bid price stands at US$ 1875.50 per tonne, 3-months offer price is US$ 1876 per...
A00 aluminium ingot price further extends its decline to RMB13900 per tonne on Wednesday, 27 March 2019. This records a decline of RMB50 per tonne or 0.36 per cent from yesterday. The price is expected to range between RMB13880-13920 per tonne, with spot premium to settle at 270-310 per tonne. Aluminium ingot price in the East Wuxi and Hangzhou dropped RMB70 per tonne and RMB85 per tonne to stand at RMB13875 per tonne and RMB13890 per tonne respectively. Ingot price in the South and North declined RMB60 per tonne, each and stood at RMB13900 per tonne and RMB 13860 per tonne today. Australian alumina FOB price registered USD410 per tonne on Wednesday, up USD4 per tonne or 0.99 per cent. The price was at USD406 per tonne on Monday, March 25. The average price of aluminium alloy (A356)...
