China's domestic spot alumina prices continued their gradual downward trend last week, with sporadic discounted transactions emerging in the market, based on Mysteel's survey. The pressure was partly contributed by the persistent expectation of fresh supply coming online in southern China, leaving...
A NewPro study supports a staged 2,000-to-4,000-tonne-per-year high-purity alumina plant on the US Gulf Coast, with a post-tax NPV of about USD373 million and a 42.3 per cent IRR. Impact Minerals is advancing plans for a modular high-purity alumina (HPA) plant in the US after an independent scoping...
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On Wednesday, May 15, China's A00 aluminium ingot price dropped by RMB 40 per tonne to settle at RMB 20,470 per tonne, with the spot contract price expected to be traded at a discount price of RMB 10 to a premium price of RMB 30 per tonne. The average prices may orbit between RMB 20,450 per tonne...
The alumina spot price in China has levitated by RMB 13 per tonne consecutively to officially close at RMB 3,704 per tonne. In Guangxi, the alumina price has earned RMB 20 per tonne, and in Shanxi, it has escalated by RMB 15 per tonne to respectively close at RMB 3,735 per tonne and RMB 3,745 per...
On Monday, May 13, the average alumina spot price opened the week with a growth of RMB 13 per tonne to settle at RMB 3,691 per tonne. As per the SMM data, the alumina prices reflected a Y-o-Y surge of RMB 813 per tonne from RMB 2,888 per tonne recorded on May 12, 2023. Alumina prices region-wise...
According to the Shanghai Metals Market, the SMM A00 aluminium ingot price has scored RMB 20 per tonne to close at RMB 20,540 per tonne today, with the average prices hovering between RMB 20,520 per tonne and RMB 20,560 per tonne. The eight main provinces in China have more or less seen escalation...
China’s average alumina spot price has marked a Y-o-Y growth of RMB 765 per tonne or 26.44 per cent from RMB 2,893 recorded on May 9, 2023. As of today, the price has expanded by RMB 30 per tonne to clock at RMB 3,658 per tonne. The alumina prices have shown diverse changes across all the...
The alumina spot price in China has levitated by RMB 62 per tonne mid-week to close at RMB 3,628 per tonne. China’s alumina spot price is following an upward stride with consecutive expansions of RMB 50 per tonne and RMB 65 per tonne, with the market opening after the Labour Day Holiday observed...
The Shanghai Futures Exchange (SHFE) aluminium benchmark price has inched up by US$13 per tonne or 0.45 per cent on May 7, halting at US$2,864 per tonne. Overnight, the most-traded SHFE 2406 aluminium contract opened at RMB 20,720 per tonne, with the highest and lowest prices at RMB 20,830 per...
On Tuesday, May 7, the average alumina spot price in China surged by RMB 65 per tonne to settle at RMB 3,566 per tonne. According to the SMM data, the prices have shown growth in all the provinces, with the highest in Lianyungang, where they have skyrocketed by RMB 100 per tonne to reach RMB 3,620...
China’s domestic average alumina spot price has resumed from the Labour Day holiday from May 1 to 5 with a hike of RMB 50 per tonne. The tightening supply and improving demand have continued to boost the alumina price, marking the eighth consecutive day of rise. According to the Shanghai Metals...
China’s average alumina spot price has remained bullish with an addition of RMB 31 per tonne to close at RMB 3,451 per tonne, while the alumina price in Lianyungang has gained RMB 50 per tonne to reach RMB 3,415 per tonne. The alumina prices in Shandong and Shanxi have both scored RMB 40 per tonne...
On Monday, April 29, the average alumina spot price gained RMB 30 per tonne to settle at RMB 3,420 per tonne. The alumina prices have shown growth in all the provinces, with the highest in Bayuquan, where it has hiked by RMB 70 per tonne to arrive at RMB 3,500 per tonne, followed by an upward...
China's alumina market has struggled since it launched on the China Futures Exchange about a year ago. But it is now finding some momentum, and the funds have entered the game with some strength. This week, the market saw a significant boost as funds stepped in, pushing the price to around RMB...
China’s average alumina spot price has shown bullish trend for the past few days, with it securing RMB 28 per tonne today, to close at RMB 3,390 per tonne. The alumina prices in Guizhou and Guangxi have both risen by RMB 40 per tonne to close at RMB 3,395 per tonne and RMB 3,435 per tonne. The...
On Thursday, April 25, China's average alumina spot price experienced a significant increase, soaring by US$28 per tonne to settle at RMB 3,362 per tonne. This was followed by a surge of RMB 40 per tonne in Bayuquan, reaching RMB 3,400 per tonne. This upward trend is noteworthy, as it marks a M-o-M...
China’s average alumina spot price has augmented by RMB 23 per tonne to officially close at RMB 3,334 per tonne, while the alumina price in Henan, Shandong and Shanxi have all increased by RMB 30 per tonne to close at RMB 3,355 per tonne and RMB 3,310 per tonne, respectively. The alumina price in...
On Tuesday, April 23, China’s A00 aluminium ingot price dwindled by RMB 420 per tonne to settle at RMB 20,270 per tonne. The spot contract price is expected to be traded at a discount of RMB 70 to RMB 30 per tonne. As per the SMM data, the prices in Foshan and Gongyi have contracted by RMB 430 per...
The Shanghai Metals Market on April 22 has shown a decent spike in aluminium prices, with the SMM A00 aluminium ingot price halting at RMB 20,690 per tonne after an increase of RMB 350 per tonne. On a Month-on-Month scale there can be seen a massive augmentation of RMB 1,390 per tonne or 7.2 per...
On Wednesday, April 17, the average alumina spot price in China has recorded an increase of RMB 3 per tonne to reach RMB 3,305 per tonne, marking the third consecutive day of rise, showed the Shanghai Metals Market data. On a week-on-week basis, the average alumina price has edged a hike of RMB 8...
