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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European secondary aluminium prices edge higher on lack of imports
European secondary aluminium ingot prices edged up on Friday June 6, as the relative lack of UK material on the continent led to a tightening of supply. DIN226 pressure diecasting ingot rose to €1,680-1,740 ($2,286-2,368) per tonne from €1,670-1,730 previously, as the strong sterling continued to...
Ye Chiu’s profit in 2013 fall 45.24% YoY as lower prices of aluminium cut margins
Ye Chiu Metal Recycling (China) Ltd.’s total profit fell 45.24% in the year 2013 from the last year as the prices of lower aluminium cut its gross margins. The largest producer of secondary aluminium in Asia made a total profit of 89.96 mn yuan ($15 million) per share in 2012, the company said...
JAARA updates on the aluminium outlook in Japan for FY 2014
Japan Aluminium Alloy Refiners Association announced the outlook for the fiscal year 2014 for demands on secondary aluminium alloy products ingots and secondary aluminium ingots as well as primary aluminium alloy ingots for casting and die casting. According to this, FY2014 demands on secondary...
Semi demand in US and Canada down 1.5% in January
Demand for aluminum semi-fabricated (mill) products in the United States and Canada (measured in shipments by domestic producers plus imports) totaled an esti-mated 1,350 million pounds in January, declining 1.5 percent from the January 2013 total of 1,370 million pounds. Aluminum sheet and plate...
Ownership crisis hit aluminum smelter
The Chairman, Ikot Abasi Local Government Area, Ufot Udoinyang, has urged the Federal Government to intervene in the ownership crisis at the Aluminum Smelter Company of Nigeria (ALSCON), Ikot Abasi. Udoinyang said in Ikot Abasi, Akwa Ibom, on Sunday that the intervention became necessary to make...
European secondary aluminium prices flat as UK deliveries loom
European secondary aluminium prices were flat on Friday March 14, as exchange rates movements suggest a potential influx of UK material in the coming weeks. DIN226 pressure diecasting ingot stayed at €1,690-1,740 ($2,352-2,422) per tonne, and margins remain razor-thin as scrap prices were also...
UK secondary aluminium prices stable as Europe brightens at last
UK secondary aluminium ingot prices were broadly flat on Wednesday March 12, as sellers reported better prices from the European market, where a weak euro has deterred UK exports so far this year. LM24 pressure diecasting ingot stayed at £1,420-1,480 ($2,362-2,461) per tonne, while LM6/LM25 gravity...
Hulamin announces a recycling investment of R300m amid Bayside supply concerns
Hulamin said the turnover of the group was helped by the improved performance from extrusions and depreciation of the rand. But the group faced potential supply ructions after BHP Billiton began consultations with their employees in its Aluminium SA business in January on halting of aluminium...
Iran International Aluminium Conference taking shape slowly
As one of the important Aluminium producers in the Persian Gulf region and a pioneer in this industry, Iran is considered to be a strategic point for production. Iranian Mines & Mining Industries Development Renovation Organization (IMIDRO) said that the country produced 292702 tons of Aluminium...
UK secondary Al prices slump as spot deals reveal weakness
Metal Bulletin’s UK secondary aluminium ingot prices fell sharply on Wednesday February 12, after spot business was reported substantially lower than the contract deals to which activity has been mostly confined this year. LM24 pressure diecasting ingot fell to £1,420-1,480 ($2,333-2,432) per tonne...
Iran aluminum production up 4%
Iranian Mines & Mining Industries Development & Renovation Organization (IMIDRO) said the country produced 292,702 tons of aluminum ingots in the first 10 months of the current Iranian year (started March 21, 2013). The figure shows an increase of four percent compared with the corresponding output...
CNMC makes $9.37-M aluminium sale to connected wanxiang Resources
China Nonferrous Metal Industry’s Foreign Engineering and Construction Co. (CNMC) disclosed a $9.37 million sale of aluminium ingots to connected party Wanxiang Resources (Singapore) Pte Ltd. CNMC signed a contract on Dec. 26, 2013 to sell 4,747 tonnes of aluminium ingots to Wanxiang’s branch...
South Korea’s PPS buys aluminium at close to $300/t premium
South Korean Public Procurement Service’s (PPS) latest aluminium tenders have inched close to $300 per tonne and the agency has decided to take delivery in five months instead of the usual three months. On Monday December 23, PPS bought 6,000 tonnes of aluminium and 3,000 tonnes of zinc. It will be...
Aluminium ingots move up on renewed offtake
Aluminium ingots moved up in an otherwise mute non-ferrous metal market here today on stockist buying amid renewed offtake from consumer industries. The industrial metal edged up at the LME, from the highest in nearly two months hit the previous day, as traders cut risk ahead of a Federal Reserve...
First settlement of Japan Q1 2014 aluminum premium at $255/mt plus LME
A Japanese aluminum buyer and a global producer said Wednesday they have agreed to set the contract premium for the first quarter of 2014, at $255/mt plus London Metal Exchange cash, CIF Japan basis, up 3.8% from the current quarter. The deal was for over 500 mt/month shipments of standard primary...
China's Spot ADC12 offers slip on weaker LME prices
Offers for China's domestic spot aluminum alloy ADC12 slipped, affected mainly by weaker aluminum ingot prices, while the demand remained steady, seeing no significant change from the previous week, industry sources said. Domestic offers for ADC12 were mostly at Yuan 15,700-15,800/mt...
BNZ Materials, Inc. Launches Marinite CF for the Aluminum Industry
BNZ Materials, Inc. introduces Marinite CF, a carbon reinforced non-wetting calcium silicate insulating board that is used within the aluminum industry for transition plates and billet casting. Manufactured with today's modern casting technology in mind, Marinite CF transition plates have been...
Secondary aluminium ingot prices down in Europe
Secondary aluminium ingot prices dropped in Europe on Friday November 15, as market participants reported dwindling numbers into the year end. Metal Bulletin’s quotation for DIN226 pressure diecasting ingot moved down to €1,720-1,780 ($2,315.45-2,396.22) per tonne, from €1,740-1,800 previously....
