China aluminium ingot inventory falls to 850,000 tonnes as expected at end-August; what is the September destocking outlook?
Inventory overview: 850,000 tonnes arrives as expected; destocking pace slows marginally China’s aluminium ingot social inventory fell steadily from a phase high of 1.13 million tonnes in early July, with destocking of more than 170,000 tonnes in July alone. In August, the pace of destocking slowed...
Aluminium billet inventory drops to 139,500 tonnes, warehouse withdrawals recover, processing fees under pressure across the board
Aluminium billet inventory fell to 139,500 tonnes, warehouse withdrawals recovered and processing fees were broadly under pressure. According to SMM statistics, China's aluminium billet inventory in major consumption areas recorded 139,500 tonnes on August 27, down 5,000 tonnes from last Monday and...
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Aluminium billet inventories in China drop on greater deliveries; ingot price extends decline
As reported by Shanghai Metals Market,, 6063 aluminium billet inventories across five major consumption areas in China dipped some 3,100 tonnes over the weekend ended on Thursday, December 6, to stand at 117,900 tonnes. Deliveries from warehouses picked up after a decline, SMM learned. This came...
India’s primary aluminium exports up 21 per cent in H1 FY 2019; primary producers focus on export market for revenue
India’s primary aluminium exports have recorded a 21 per cent increase in H1 (April-September period) of FY 2018-19. Industry data shows that in HI of FY 2018-19, exports of aluminium ingots reached 772,000 tonnes in volumes, up from 638,000 tonnes in the corresponding period of the last financial...
Vedanta to ramp up downstream capacity by 25% to combat import and boost revenue
Looking at the surge in imports, metals and mining conglomerate Vedanta Ltd has strategized a plan to raise its downstream products output by 25 per cent in the October-March period. As U.S. has restricted import of aluminium and aluminium products from China, the country has redirected its exports...
Century Aluminum to add 90,000 tonnes of billet production at its Sebree smelter
Century Aluminum has announced two new expansion programs at its Sebree smelter that will increase production of both value-added and secondary aluminium. The programs will improve smelter’s product mix by adding approximately 90,000 tonnes of additional billet production to the Sebree casthouse...
Chinese primary aluminium inventories continue to shrink and so the ingot prices; Billet inventories rise slightly
According to Shanghai Metals Market, primary aluminium inventories across eight major consumption areas in China, including SHFE warrants, have recorded a drop by some 38,000 tonnes from a week ago to come in at 1.386 million tonnes on Thursday, November 29. On last Thursday, November 22, the...
Spot aluminium premium widens in Shanghai on brisk transactions
Shanghai Metals Market research found brisk transactions between traders widened spot aluminium premiums in Shanghai on Friday, 16 November 2018. The SHFE 1812 contract rose in the second session of morning after trading rangebound in the first session. Spot premiums in Shanghai stood at RMB30-40...
Active downstream purchases on sluggish spot price lead to weak aluminium and billets inventories in China
Social inventories of primary aluminium across eight consumption areas in China, including SHFE warrants, dropped by some 32,000 tonnes from Thursday November 8 to stand at 1.453 million tonnes as of Thursday November 15, Shanghai Metals Market data showed. Downstream buyers stockpiled as spot...
Chinese aluminium alloy price still shows restraint against extended drop in billet inventories; ingot price records a plunge
According to the data by Shanghai Metals Market, stocks of 6063 aluminium billet across five major consumption areas in China dropped by some 11,300 tonnes over the weekend ended on Thursday, November 8 to stand at 129,800 tonnes. SMM believes downstream buyers stockpiled as prices dipped over the...
Chinese aluminium spot discounts remain unchanged amid enthusiastic cargoes offloading
Shanghai Metals Market research found that aluminium spot discounts barely recorded any change on Wednesday, November 7, across the Shanghai Market while traders remained enthusiastic to offload cargoes. The SHFE aluminium contract for November delivery also inched up though in a tight range in the...
Aluminium alloy price records no rise despite lowered billet inventories in China: SMM
According to the data by Shanghai Metals Market, 6063 aluminium billet inventories across five major consumption areas in China extended a week-on-week decline by some 2,400 tonnes over the weekend ended on Thursday, November 1, to stand at 141,100 tonnes. The reason for this plunge could be...
Chinese aluminium downstream transactions found low on tumbled primary future contract
According to the latest update by Shanghai Metals Market, downstream aluminium consumers showed the least enthusiasm in making purchases followed by the tumbled SHFE aluminium contract for November delivery in the second session of morning trading, on Wednesday, October 31. The SHFE 1811 contract...
MYTILINEOS S.A. announces agreement for the acquisition of a 97.87% stake in EP.AL.ME. S.A.
MYTILINEOS S.A. announces the agreement for the acquisition of a 97.87% stake in EP.AL.ME. S.A. (Aluminum Processing – Metal Industry), a Company that operates in industrial production, processing and trading of metals, mostly aluminium alloys and derivative products. EP.AL.ME. was founded in 1973...
Aluminium billet inventories in China drop in China as downstream consumers restocked raw materials
Inventories of aluminium billet decreases across all the major consumption areas in China as downstream consumers restocked raw materials, Shanghai Metals Market found. Stocks of 6063 aluminium billet stood at 150,000 tonne on Thursday October 18, down by some 2,000 tonnes. The aluminium billet...
China’s aluminium inventories rise as holiday shipments arrived; Aluminium billets stocks grow on new port inclusion
As reported by Shanghai Metals Market, primary aluminium inventories across eight consumption areas in China, including SHFE warrants, rose by some 23,000 tonnes from Thursday September 27 and 9,000 tonnes from Monday October 8 to stand at 1.613 million tonnes as of Thursday October 11.China’s...
Spot aluminium discounts widen in China even amid firm offers and buying enthusiasm
Shanghai Metals Market found that spot aluminium discounts widened across all major Chinese markets on Tuesday, October 9, compared to the previous day. Though sellers continued to hold offers firm and traders became more willing to purchase for long-term contracts yet spot aluminium discounts did...
Chinese primary aluminium inventories record a surge during week-long National Day Holiday
After a week-long National Day holiday in China, Shanghai Metals Market research team presents an update on the primary aluminium inventory. According to the data shown, the inventories across eight major Chinese consumption areas have grown due to fewer-than-expected cargoes arrival at warehouses....
Aluminium billet inventories in China inch up on limited restocking; Alloy price registers a drop
Aluminium billet inventories have extended their growth further on less than expected restocking across the major Chinese consumption areas, found Shanghai Metals Market. As of September 27, the stocks of 6063 aluminium billet were seen at 117,200 tonnes after inching up by 1,000 tonnes from...
6063 aluminium billet stocks shrink in China leading to aluminium alloy price hike
Stocks of 6063 aluminium billet across five major consumption areas in China recorded a fall yesterday, September 20, by 4,900 tonnes from a week earlier to stand at 116,200 tonnes, Shanghai Metals Market found. The decline came after five consecutive weeks of increases. In Foshan and Guangdong,...
