Aluminium prices drift higher as September peak season operations recover amid low inventory
Futures: The most-traded SHFE aluminium contract opened at RMB 24,400 per tonne in the night session on September 7, reached a high of RMB 24,470 per tonne and a low of RMB 24,335 per tonne, and closed at RMB 24,450 per tonne, up 30 from the previous close, a gain of 0.12 per cent. Prices traded...
Macro disturbances cap upside room, while destocking continues to support aluminium price stabilisation
Futures: The most-traded SHFE aluminium contract opened at RMB 24,240 per tonne in the night session on September 4, with a high of RMB 24,355 per tonne, a low of RMB 24,220 per tonne, and a close of RMB 24,320 per tonne, up 0.12 per cent from the previous close. Futures stabilised and rebounded,...
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Non-alloyed aluminium ingot export by India totalled 376 tonnes during Apr-Jul 2017
India’s exports have shrunk considerably in FY 2017 alongside a slow growth in the domestic manufacturing sector. As compared to an export target of US$900 billion by 2020, exports were less than a third at US$275 billion in the last financial year. The figure is strikingly lower than FY 2014’s...
A00 ingot prices in China slightly up, prebaked anode remains unchanged
A00 Aluminum Ingot prices took a small jump across all major markets after two consecutive drops on September. The average price of A00 Aluminium Ingot would range between RMB 16,120 – 16,160/t and today’s average price stands at RMB 16,140/t, slightly up from RMB 16,120/t yesterday. A00 Aluminium...
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...
A00 ingot prices in China slightly up after correction, aluminium alloy prices follow suit
A00 Aluminum Ingot prices took a small jump across all major markets after two consecutive drops. Last week A00 Aluminum Ingot soared high on the news of advanced capacity cut in Henan province and it got corrected at the end of the week. The average price of A00 Aluminium Ingot would range between...
A00 ingot prices in China plunge after the big leap, aluminium alloy prices follow suit
An official from the Ministry of Environmental Protection confirmed that winter output cuts will not overlap with illegal capacity closures that are taking place currently. Two producers in Henan have already begun winter cuts in advance. According to SMM, this fuelled the big gains in Chinese...
Advance aluminium capacity cut in Henan buoys aluminium prices in China, alumina continues upward track
Two aluminium and alumina producers in Henan have started winter capacity cuts in advance, from Sept 19. As reported by SMM, Jiaozuo Wanfang Aluminum will cut aluminum capacity by over 30% based on the number of electrolytic cells, while Chalco Zhongzhou Aluminum will cut alumina capacity by over...
Average spot alumina price in China continues upward track, prebaked anode price registers a quick rise
Average spot alumina price in China moves further up on Sept 14. According to Shanghai Metals Market Statistics, the average spot alumina price has been rising steady from September 1 to stand at RMB 3053/tonne for the month average. On September 14, Thursday, the average alumina price stands at...
A00 Aluminium Ingot prices rise across all major markets in China; prebaked anode prices remain flat
The China aluminium market is fluctuating almost every day as the news of aluminium capacity cut in the country is slowly fading down. However, A00 Aluminium Ingot prices in China have registered a rise for two days consecutively after a fall. The average price of A00 Aluminium Ingot would range...
RUSAL invests USD7.6 million in casting alloys quality improvements
UC RUSAL, a leading global aluminium producer, is pleased to announce the completion of the modernization of Befesa-2 line for standard alloyed ingots production at the Irkutsk Aluminium Smelter (IrkAZ). In 2018, RUSAL plans to commission another line, Befesa-1, and the total investment in both...
Both A00 Aluminium Ingot and aluminium alloy prices drop across all Chinese markets
The China aluminium market is fluctuating almost every day over the uncertainty regarding the current aluminium capacity cut in the country. Both A00 Aluminium Ingot and aluminium alloys ingot prices in China have dropped on August 8 throughout all markets. All SHFE base metals prices plunged at...
Estimated aluminium alloy import by UAE to jump 129% YoY in 2017
As the Middle East is readying to become a lucrative automotive manufacturing hub, UAE’s aluminium alloy ingot import is rising on per year basis. The country which is basically a net exporter of aluminium alloys has been buying a lot of this value-added light metal product from the international...
China starts construction of its first aluminium scrap beverage can-fed production line in Henan
<p>According to a recent Shanghai Metals Market report, Henan Aipusheng Secondary Metals Company started construction of its aluminium alloy flat casting ingot project on August 16. The aluminium alloy casting ingot manufacturer would be using aluminium scrap beverage cans as raw material for the...
Traders flood China aluminium market on rising prices, downstream producers at loss
<p>According to an SMM report, traders in both East and South China markets actively sourced metals yesterday due to the rally in SHFE aluminium prices for two consecutive days. The price rise has fuelled their optimism which is expected to continue in the near term. </p> <p>A00 ingot prices...
China aluminium ingot prices lose steam toward July end, output increases YoY
<p>Aluminium ingot prices in China major markets rose consistently at a moderate pace in July this year but slowed down towards the month end, revealed National Bureau of Statistics (NBS) data. The prices of aluminium ingots in late July were RMB 14,244.60 per tonne, up RMB 120.8 per tonne (0.9 per...
China A00 Aluminium prices get quick boost on capacity cut rumours, raw material prices follow suit
<p>As expected, the average prices of A00 Aluminium has registered a substantial gain across all major Chinese markets (North, South, North-East and South-West) today based on the news in the market that China Hongqiao Group will shut down 2.6 million tonnes of aluminium capacity before...
A00 ingot prices drop across all major China markets after rallying yesterday on capacity cut news
<p>The China aluminium market is fluctuating almost every day over the uncertainty regarding the current aluminium capacity cut in the country. The average prices for A00 ingot dropped across all major China markets (North, South, East, North-East and South-West) on August 2 after a quick boost the...
A00 ingot prices get a boost in all major China markets; Chalco hikes price in South China
<p>A00 ingot prices got a boost in all major China markets on the back of aluminium capacity cut news buzzing in the market. It was also fuelled by Rusal’s estimate published yesterday that says winter cuts by Chinese government may result in an annualized production loss of 1.2 million...
Prebaked anode prices in China to stay high despite aluminium capacity cut, A00 ingot prices drop across all markets
<p>Closures of illegal aluminium capacity in China in July is keeping the alumina prices in check as it may add nearly 170,000 tonnes of alumina to spot market per month in the short term.</p> <p>However, prices for prebaked anode, another raw material in aluminium smelting, set to continue rising...
