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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ADC12 trades in China steady, but showing signs of slowing dow
Trading for China's domestic spot aluminum alloy ADC12 generally held fairly steady though there were signs of a slowdown on the back of the seasonal summer lull, industry sources said Tuesday. Despite of the weaker aluminum ingot prices, spot domestic offers for the aluminum alloy ADC12 stayed...
Government plans grand design for Kuala Tanjung beyond Inalum
After three decades of business contracts, Indonesia has finally taken a bold stance to fully take over the operation of Indonesia Asahan Aluminium (Inalum), which operates the only aluminum smelter in Southeast Asia from Japanese consortium Nippon Asahan Aluminium (NAA) later this year. The move...
Iran's aluminium ingot production grows 5.4 per cent
Iran has produced 89,300 tons of aluminium ingots in the first three months of the current Iranian calendar year which started on March 21, 2013. The volume of aluminium ingot production in the country over the third Iranian calendar month of Khordad (May 22-June 21) stood at 30,100 tons which...
North American aluminum demand 2% up during Jan-Apr: Aluminum Association
US and Canadian aluminum demand, defined as shipments by domestic producers and imports, reached an estimated 8.175 billion pounds in the first four months of 2013, 2% above that of the same period last year, according to preliminary estimates released Tuesday by the Aluminum Association. Demand...
Japan rolling mills prefer primary aluminum over scrap on low LME
Japanese rolling mills and extruders are buying more primary aluminum ingot instead of scrap due to the fall in London Metal Exchange high-grade aluminum prices, market sources said Thursday. Sales prices of primary aluminum ingot in Japan were heard at around Yen 200 ($2.04)/kg ex-warehouse for...
Iran aluminum output reaches 59,100 tons in April-May
The Islamic Republic of Iran has produced 59,100 tons of aluminum ingots in the first two months of the current Iranian calendar year, which started on March 21, 2013. The volume of aluminum ingot production in the country over the Iranian calendar month of Farvardin (March 21-April 20) stood at...
India’s NALCO sells aluminium at $226 per ton premium
India’s state-controlled National Aluminium Co Ltd (NALCO) has sold 6,000 tons of aluminium ingots at $226 per ton premium to the average LME cash price on a cost, insurance and freight (CIF) basis, company officials said on Thursday. The metal will be shipped to a South Korean buyer in six batches...
Aluminum output rises in Iran
Companies such as Iralco, Almahdi and Hormuzal produced 59,253 tons of aluminum ingots, indicating a three-percent rise compared to the corresponding figure of last year. They produced 57,582 tons of aluminum ingots during March 21-May 21, 2012. Also, production of alumina powder reached 41,903...
European secondary aluminium prices go up despite LME fall
European secondary aluminium ingot notched up higher prices on Friday June 14, as producers secured higher prices even as London Metal Exchange aluminium prices faltered during the last week. Earlier, DIN226 pressure diecasting ingot prices increased to €1,740-1,780 ($2,778-2,838) per tonne from...
Novelis celebrates roofing ceremony for its $250 million aluminum recycling plant in Germany
Novelis on Wednesday celebrated the roofing of its $250 million aluminum recycling and casting center at its plant in Nachterstedt, Germany, with building construction partner Köster GmbH. Located adjacent to the company’s existing aluminum rolling mill, the new center will produce up to 400,000...
Iran aluminum ingot output hits 600,000 tons
Aluminum ingot output stood at 641,356 tons in Iran in the first two months of the current Iranian calendar year, which began on March 21, the IRNA News Agency reported. The amount shows nine percent increase in comparison to the previous year's figure. It was previously announced that Iran plans...
XinRen narrows Q1 net loss, aluminum prices to stay soft
XinRen Aluminum Holdings Limited, a maker of aluminum ingots, narrowed its net loss for the first quarter ended March 31, 2013. Net loss was RMB6.76 million compared to RMB10.11 a year ago as higher administrative, finance and other costs eroded gains. Revenue grew 22.5 per cent to RMB1.77 billion,...
Japan's demand for 99.9% aluminum doubles on end-user restocking
Japan's consumption of high-purity aluminum ingot above 99.9%, used for condenser production, has doubled since the end of 2012 due to end-user restocking, market sources said on Monday. Japan's shipment of capacitor-grade aluminum foil used for electronic devices stood at 2,122 mt in March,...
NALCO raises aluminium prices to $2372.90/ton
Country's third-largest producer of aluminium, National Aluminium Co Ltd, has raised aluminium prices by $63.79 per tonne in the domestic market following a slight recovery in global prices, two company sources said on Friday. The basic price of standard aluminium ingots rose to $2372.90 per tonne,...
CRU launches Aluminium Casthouse Shapes Market Outlook
CRU, independent commodity industry analysts and management consultants in the global metals, mining and fertilizer industries, has launched their Aluminium Casthouse Shapes Market Outlook, a resource for forthcoming developments in the industry. CRU's Aluminium Casthouse Shapes Market Outlook...
LME gets requested to list an aluminum brand
The London Metal Exchange said on Monday that it has received an application from Malaysian aluminum producer Daiki Aluminium Industry Sdn. Bhd. to list its DIKM brand for trading under the exchange's aluminum alloy and NASAAC futures contracts. Daiki has an aluminum smelter that is able to produce...
China's domestic ADC12 spot offers remain range bound
China's domestic spot aluminum alloy offers generally remained range bound, while demand stayed fairly steady with no sign of a significant swing in either direction, industry sources said on Tuesday. Leading Chinese producer Sigma Metals maintained its offer steady at Yuan 17,100/mt ex-works...
China’s limited aluminum stockpiling makes upward pressure on prices
China’s state Reserves Bureau carried out the second tender bid for aluminum ingot on the morning of 15th Mar,with base price for stockpiling of 15137 yuan per ton.The manufactures who took part in this competitive tender including Chinalco, China Power investment Corporation,Wanji, Yunnan...
