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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Japan Q2 aluminum premium first settlements at $248/mt
Two Japanese buyers of aluminum and three global producers have agreed to set Japan's import premium at $248/mt plus London Metal Exchange cash, CIF basis, for second quarter shipments to the country, buyer sources said Monday. The Q1 contract premiums were at $240-245/mt plus LME cash, CIF Japan....
Iran produces over 207,000 tons of alumina powder in 11 months
The Iranian smelters produced 207,089 tons of alumina powder in the last 11 months of the current Iranian year (March 20, 2012 - February 19, 2013) Iran also produced over 308,000 tons of aluminum ingots in the same period. The volume of aluminum ingot production at the country's three smelters --...
China ADC12 spot offers under pressure as trades fail to pick up
China's domestic spot aluminum alloy offers were under pressure as trading activity has failed to pick up, and also due to weak London Metal Exchange aluminum ingot prices, market sources said Tuesday. Leading Chinese producer Sigma Metals held its offer steady at Yuan 17,100/mt ex-works...
India's Nalco sells 10,000 mt aluminum at LME plus $203/mt
India's Nalco awarded Thursday a sell tender for 10,000 mt of aluminum ingot, at $203/mt plus LME cash CIF Singapore to Swiss trader Euromin SA, a company source said Friday. The product is to be delivered to Singapore between March and June, in four 2,500-mt lots. The closing date for offers was...
India's NALCO sells aluminium at $203/T premium
India's state-run National Aluminium Co (NALCO) sold 10,000 tonnes of aluminium ingots at $203 per tonne premium to the average LME cash price on a cost, insurance and freight (CIF) basis, two company sources said on Thursday. The metal will be shipped to the Switzerland-based buyer in four batches...
UK secondary aluminium ingot prices rise on continental pressure
UK secondary aluminium ingot prices rose on Wednesday February 20, under pressure from the tight scrap market and European ingot prices, after the stronger euro saw export prices rise above domestic UK levels. The euro was trading at about 1.145 to the sterling on Wednesday, after peaking above...
Pacific Aluminium and Swire Shipping make freight deal
A new international shipping service will boost the viability of one of Tasmania's largest private employers -- Bell Bay Aluminium. The service, however, offers little relief for other Tasmanian exporters who have been forced to ship goods to market via Melbourne since the withdrawal of the state's...
China’s Aluminum ingot social stock reached record highs
Since continuous supply of aluminum manufacture during Spring Festival,aluminum ingot social stock goes up largely after festival.As the statistic shows ,the aluminum ingot social stock in Shanghai,Wuxi,Nanhai and Guangdong reached record highs with a quantity of 1,119,000 tons,159,000 tons over...
Chinese aluminum industry exports and imports reports forJanuary
According to the data renounced by Chinese Customs Bureau in 8th Feb.,2013:Chinese alumina imports reached 490,000 tons in Jan.,cumulative 490,000 tons in the same month,9.3% increased from the same month last year. China imports 69,024 tons of unwrought aluminum and semi-finished aluminum...
Nalco hikes aluminium prices by Rs 5,000 per tonne
State-owned National Aluminium Company Ltd (Nalco) has increased prices of all its products by Rs 5,000 per tonne, a senior company official said on Sunday. "We have increased the price of all our aluminium products by Rs 5,000 after aluminium gained in the London metal exchange," the official...
Mozal Aluminium to be used in Mozambican Industry
Maputo — One of the world’s largest manufacturers of aluminium cables, Midal of Bahrein, is to set up a factory in Mozambique, using the aluminium ingots produced at the Mozal smelter at Beluluane, in the outskirts of Maputo, as its raw material. On Friday, Mozal Chairperson Danie Murray and Midal...
Iran aluminum output hits 282,000 tons
Iran produced 282,300 tons of aluminum in the first 10 months of the current Iranian Calendar year, which began March 20, 2012. The amount shows a 1.6% increase compared to the same period the previous year, the Mehr News Agency reported. Iran produced 29,100 tons of aluminum ingot during the tenth...
Iran produces 253,300 tons of aluminum ingots in nine months
The Islamic Republic of Iran has produced 253,300 tons of aluminum ingots in the first nine months of the current Iranian calendar year, which started on March 20, 2012. The volume of aluminum ingot production in the country over the previous Iranian calendar month of Azar (November 21-December 20,...
Aluminum ingot demand cloudy
Aluminum P1020 market players remain mixed over how the resolution of the fiscal cliff standoff will impact markets in 2013. Although global markets reacted favorably to Congress avoiding falling off the cliff - the London Metal Exchange three-month aluminum price bumped up 3.6 percent to $2,145.50...
Aleris to close Bens Run recycling facility
Bens Run, a Pleasants County aluminum recycling facility will cease operations next year. Aleris will close its Bens Run recycling facility March 1. Jason Saragian, director of communication for Aleris, said 30-40 employees will be impacted. Employees were notified of the closure Friday. "Despite...
Novelis begun construction on the world's largest aluminum recycling centre in Germany
Atlanta-based Novelis has begun construction on the world’s largest aluminum recycling and casting centre in Germany. The $250-million facility will be constructed adjacent to the existing Novelis aluminum rolling mill and will produce 400,000 metric tonnes of aluminum sheet ingot from recycled...
Global aluminium makers switch to quarterly pricing in Asia
Global producers of aluminium ingots are turning away yearly premiums in favour of quarterly pricing for 2013 term shipments to Asia, to take advantage of spot premiums that scaled records this year, traders said on Wednesday. Global producers required buyers in Asia to pay premiums, or a surcharge...
Iran needs to import 120,000 tons of aluminum ingot annually
Iran needs to import 120,000 tons of aluminum ingot per year, IRNA quoted a member of the Iranian aluminum producers syndicate as saying. Shahen Markarian added that the total output of Iranian aluminum ingot producers is currently around 250,000 tons per year. The output is projected to be...
