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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China’s average alumina spot price has gone down the graph by RMB 1 per tonne to close at RMB 2,996 per tonne. The alumina price in Shandong has tumbled by RMB 5 per tonne to officiate at RMB 2,945 per tonne. The Australian Alumina FOB price has faced a substantial fall of RMB 7.13 per tonne to...
On Tuesday, November 21, China’s A00 aluminium ingot price gained RMB 50 per tonne to score RMB 19,000 per tonne. However, on M-o-M calculation, the price has fallen by RMB 80 per tonne from RMB 19,080 per tonne recorded on October 20. Today, the average prices are expected to stand between RMB...
On Friday, November 17, China’s A00 aluminium ingot price slumps by RMB 120 per tonne to clock at RMB 18,810 per tonne, with the average prices between RMB 18,790 per tonne and RMB 18,830 per tonne. The spot contract price is expected to be traded at a discount price of RMB 50 to RMB 10 per tonne....
The average alumina spot price in China has slumped by RMB 4 per tonne, closing at RMB 3,002 per tonne. Alumina price in Shandong has negated RMB 10 per tonne to rest at RMB 2,965 per tonne. Alumina prices in Shanxi and Guangxi have both toned down by RMB 5 per tonne to park at RMB 3,010 per tonne...
On Friday, November 10, China’s A00 aluminium ingot price dropped by RMB 40 per tonne to clock at RMB 19,130 per tonne, with the average prices between RMB 19,110 per tonne and RMB 19,150 per tonne. The spot contract price may be traded at a discount price of RMB 80 to RMB 40 per tonne. As per the...
On Thursday, November 9, the average alumina spot price in China has recorded a drop of RMB 2 per tonne to reach RMB 3,008 per tonne, according to the Shanghai Metals Market. The price has contracted after remaining restrained at RMB 3,010 per tonne from November 2 to 8. In Shandong and Shanxi, the...
In September 2023, alumina production in Europe (incl. Russia) stopped at 550,000 tonnes, lower by 1,000 tonnes or 0.18 per cent Month-on-Month from 551,000 tonnes recorded on August 2023, whereas, on a Quarter-on-Quarter scale, there has been an increase of 25,000 tonnes or 4.76 per cent from...
In October 2023, China encountered an assorted journey in terms of price movement across the aluminium value chain. Being obligated to the unenthusiastic demand among downstream sector, China’s domestic primary aluminium ingot price continued to fall in the said month. On the other hand, the...
The Shanghai Metals Market, on November 1, witnessed an accelerating trait in aluminium prices, with the SMM A00 aluminium ingot price adding RMB 60 per tonne to close at RMB 19,140 per tonne. The average aluminium prices have circulated between RMB 19,120 per tonne and RMB 19,160 per tonne. When...
China’s leading aluminium companies have unanimously reported a downfall in operating income for the first three quarters of 2023. Risen operation costs of aluminium smelters driven by domestic alumina price hikes could be attributed to the drop in operating income. After over a year, in late...
According to the Shanghai Metals Market, the average alumina spot price has continued to increase by RMB 8 per tonne on Wednesday, October 25, to stand at RMB 3,009 per tonne. In Henan, the alumina price has built up RMB 10 per tonne to settle at RMB 3,010 per tonne, following a restraint at RMB...
The Shanghai Metals Market, on October 24, experienced mixed aluminium price trends, with the SMM A00 aluminium ingot price shedding RMB 10 per tonne to close at RMB 18,910 per tonne. The average aluminium prices have ranged between RMB 18,890 per tonne and RMB 18,930 per tonne. China’s major...
According to the Shanghai Metals Market, the average alumina spot price has started the week on October 23 with a growth of RMB 5 per tonne to settle at RMB 2,998 per tonne. This marks the 7 th consecutive rise of China’s alumina spot price. In Guizhou, the alumina spot price has grown...
The Shanghai Metals Market, on October 20, experienced a linear growth in aluminium prices, with the SMM A00 aluminium ingot price discarding RMB 30 per tonne to officially close at RMB 19,080 per tonne. The average prices have circulated between RMB 19,060 per tonne and RMB 19,100 per tonne....
On Thursday, October 19, China’s A00 aluminium ingot price gained RMB 90 per tonne to clock at RMB 19,110 per tonne, with the spot contract price traded at a premium price of RMB 90 to RMB 130 per tonne. The average price on the same day may range between RMB 19,090 per tonne and RMB 19,130 per...
China’s average alumina spot price has inched up by RMB 2 per tonne to close at RMB 2,987 per tonne. The alumina price in Shandong has soared by RMB 10 per tonne to officially close at RMB 2,960 per tonne, with average prices ranging between RMB 2,900 per tonne and RMB 3,020 per tonne. The...
Last week till October 12, Shanghai Metals Market observed a rise in domestic aluminium spot cost backed by a strong performance of the alumina spot market. There was also a minor increase in power cost as captive power plants of mainstream aluminium smelters raised bid prices for coal purchases....
On Tuesday, October 17, the average alumina spot price in China added RMB 6 per tonne to clock at RMB 2,985 per tonne, followed by a growth of RMB 10 per tonne in Shandong, Henan and Shanxi to peg at RMB 2,950 per tonne, RMB 2,990 per tonne and RMB 3,005 per tonne. In Shanxi, the price has...
