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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Ellwood Group to diversify its business into aluminium casting facility
Ellwood Group Inc. announced today, on September 20, to establish a US$60 million aluminium casting facility at its Ellwood Engineered Castings casting site in Hubbard, Ohio, reported the business journal daily. Ellwood Engineered Castings is a gray and ductile iron foundry that operates at 7158...
Aluminium billet inventories in China extend their growth this week; SMM found
According to the latest update from Shanghai Metals Market, inventories of aluminium billet across major consumption areas in China have extended their growth this week. The reason could be the sluggish consumption in Guangdong area, SMM research found. Stocks of 6063 aluminium billet across five...
Inalum’s aluminium output stands at 161,217 tonnes in the first eight months of 2018
The state mining holding company Indonesia Asahan Aluminium (Inalum) has released today, on September 12, its metals output and sales data for the period January-August 2018. Against the expected production of 248,426 tonnes in the entire year of 2018, the company’s output from January to August is...
A00 aluminium ingot price climbs on lowered inventories; Aluminium billet stocks hike on tepid consumption
According to the latest update by Shanghai Metals Market, primary aluminium inventories across major consumption areas in China shrank over the week as downstream consumers increased purchases to restock on lowered spot prices. As of Thursday, September 6, stocks across eight consumption areas,...
A00 aluminium ingot price dips on gaining inventories due to increasing supplies and weak consumption
The primary aluminium inventories across eight major consumption areas in China have extended gains over the week as arrivals rebounded and consumption in Guangdong weakened, Shanghai Metals Market found. As of today, August 30, stocks, including SHFE warrants, have grown by some 9000 tonnes from a...
Spot aluminium market in east China sees active trading on price drop; billet inventories record a rise again
Spot aluminium trading in east China spurred a bit on Thursday, August 16, than the previous day as drops in SHFE aluminium prices generated some purchases from downstream consumers, found Shanghai Metals Market. The SHFE September contract traded range-bound at RMB 14380 per tonne to RMB 14390 per...
Lower aluminium billet inventories on limited supplies elevate the alloy price in spot market
After five consecutive weeks of increase, aluminium billet inventories have sighted a slight plunge in China on Thursday August 9, backed on limited arrivals from producers, Shanghai Metals Market found. From last Thursday, August 2, the inventories of 6063 aluminium billet have dropped 2,400...
A00 aluminium ingot price grows on declining inventory due to limited arrivals; alloys price remains unchanged
Primary aluminium inventory across eight major consumption areas in China, including SHFE warrants, shrank 14,000 tonnes further from last Thursday, July 26, to stand at 1.78 million tonnes as of Thursday, August 2, 2018, Shanghai Metals Market research found. Limited arrivals from smelters...
Sluggish consumption drives billet inventory hike in China four weeks in a row, while alloy price remains same
According to the latest data by Shanghai Metals Market, aluminium billet inventory in China has extended growth over the week ended on July 26, amid low season and sluggish consumption. It has increased by 8,600 tonnes from 70,800 tonnes on last Thursday, July 19, and hovering at 79,400 tonnes...
Season lull in China results in aluminium billet inventory hike: alloys price remains unchanged
Backed on narrow consumption by downstream consumers, inventories of 6063 aluminium billet in China have extended their growth across five major consumption areas. Over the weekend ended on Thursday, July 19, they have increased by 2,300 tonnes to reach at 70,800 tonnes, as shown by Shanghai Metals...
East China registers hike in spot primary aluminium market despite narrow transactions last day
According to Shanghai Metals Market, spot primary aluminium market in east China witnessed a narrow trading activity on Monday, July 16, despite the tumble in prices. The reason could be the reluctance of downstream consumers in purchasing primary aluminium during a seasonal lull. The SHFE 1807...
Alba Casthouse 3 commissions new Batch homogenizer for specialised billets
Aluminium Bahrain (Alba), the Bahrain-based international aluminium smelter, has commissioned the state-of-the-art Batch homogenizer in Casthouse 3 for specialised billet requirements. The company said that the new Batch homogenizer was supplied by Hertwich Engineering, a company of the SMS group....
Inalum’s 2017 net profit stands at Rp1.5 trillion
Indonesia's state-owned aluminium producer PT Indonesia Asahan Aluminium (Inalum) has produced 215,192 tonnes and 3,625 tonnes of aluminium ingots and billet and alloy respectively in 2017, according to news reported by ANTARA news. The company has produced 73,315 tonnes of aluminium ingots and...
Downstream consumers stockpiling more on ingots than billets; major alloy prices remain unchanged
Aluminium downstream players started stockpiling raw material in the last week and continuing to do so until this week, resulting in active trading at aluminium spot market across East and South China, Shanghai Metal Market research found. Traded prices for aluminium billet processing fees,...
Danieli to supply new billet and slab homogenizing furnace to Rusal smelter
Rusal’s Krasnoyarsk Aluminium Smelter in Russia has ordered a new billet and slab homogenizing furnace from Danieli Olivotto Ferrè. Danieli will facilitate engineering, supply and delivery of the equipment and supervision of the erection and commissioning. The new furnace would be designed for...
The UAE’s aluminium alloy export to China triples during Jan-Nov 2017
Aluminium alloy export by the United Arab Emirates to China has tripled in the 11-month period of 2017. From 661 tonnes in January to 2,038 tonnes in November, the Gulf country has sold more than 14,188 tonnes of aluminium alloy billets to the world’s biggest aluminium consuming market during...
Aluminium billet processing fees rise in China Guangdong as extruders shift from ingot to billet
Driven by environmental factors Chinese aluminium extruders in Guangdong extrusion hub have turned away from aluminium ingot to billet, leading to a spike in billet processing fees. A large number of aluminium extrusion producers in Guangdong have closed their melting and casting facilities due to...
Talum expands aluminium extrusion billet production
Talum d.d. based in the Slovenian town of Kidričevo has ordered a continuous homogenizing furnace and a helical ultrasonic testing station from Hertwich. The new plant will start operation in July 2018 and will almost double the homogenizing capacity of the group. Founded in 1942, Talum started...
