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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North China Aluminum Required to Learn Wrought Aluminum and Aluminum Alloy Ingots
In order to enhance technical quality administration the Technical Division of company issued the national standard of defected series wrought aluminum and aluminum alloy ingots and processed products. This national standard ruled the definition and characteristics of defected wrought aluminum and...
South Korea Buys 3,000 Tons of Primary Aluminum in Tender
South Korea’s Public Procurement Service, a state-run body that manages strategic commodities, purchased 3,000 metric tons of high-grade primary aluminum ingots of Indian origin in a tender, according to notices posted on its website. Of the total, the agency purchased 2,000 tons from LG...
Japan aluminum ingot import increases by 17pct in Dec
According to Ministry of Finance, Japanese aluminum ingot import increased by 17% to 146,481 tonnes in December from a year earlier. Japanese major aluminum sash makers increased the import to cover production at flood damaged Thai transplants. The alloyed aluminum ingot increased by 13% to 101,202...
NALCO raises aluminium prices by Rs 2,000/T
State-run metal producer National Aluminium Co Ltd (NALCO) has raised aluminium prices by Rs 2,000 ($40.8) per tonne across all products, said Ansuman Das, commercial director at the company. The price was revised for the domestic market after prices rose overseas, he told Reuters on Thursday. The...
Trademark Metals Acquires Gulf Coast Metals
Trademark Metals Recycling (TMR), a wholly owned subsidiary of The David J. Joseph Company (DJJ), a Cincinnati-based subsidiary of Nucor Corp., has purchased the assets and business of Gulf Coast Metals, headquartered in Tampa, Fla. Gulf Coast Metals, established in 1981, operates four facilities...
India's NALCO sells aluminium at $96/T premium over LME
Indian state-run National Aluminium Co Ltd (NALCO) sold 9,000 tonnes of aluminium ingots at close to $96 per tonne premium over the average LME cash price on a cost, insurance and freight basis, a senior company official said on Thursday. The metal will be shipped in six batches of 1,500 tonnes...
Malaysia plant to double output
Sarawak will have the capacity to produce 300kt/y of ingots and billets when its second smelter in the Samalaju Industrial Park begins operations in September. Group executive vice-president Koon Poh Min said that the company had invested RM3bn ($953M) in the new plant. He said the higher combined...
New plant to more than double ingot, billet output
Sarawak will have the capacity to produce 300,000 tonnes of high-quality ingots and billets a year when its second aluminium smeltering plant in the Samalaju Industrial Park begins operations in September. The first plant, sited 38km from here, produces 120,000 tonnes a year. The two plants are...
Japan secondary aluminium output drop in November
According to Japan Aluminium Refiners Association, Japanese secondary aluminium and alloyed aluminium ingot output decreased by 0.7% to 69,710 tonnes in November from a year earlier. The shipment decreased by 1.1% to 69,904 tonnes. The output decreased for the first time in 3 months and the...
East China Aluminum: Trading Cools ahead of Holiday
Traded prices of spot aluminum in Shanghai were between RMB 15,990-16,030/mt on Tuesday, with discounts of RMB 10-40/mt over the SHFE current-month aluminum price. Low-iron aluminum was traded between RMB 16,080-16,100/mt in Shanghai. Traded prices of spot aluminum in Wuxi were between RMB...
Aluminum Ingot Production Capacity Doubled
Aluminum ingot production capacity has doubled during the tenure of the ninth and tenth government (2006 to present), said the head of Iranian Mines, Mining Industries Development and Renovation Organization (IMIDRO). Khodamorad Ahmadi stated the capacity has grown by 235,000 tons since 2005 with...
BRIEF: Iran aluminum ingot output ups 12.7 percent
Iran produced 22.4 thousand tons of aluminum ingots in the first eight months of the current calendar year (ended on November 21), showing 12.7 percent rise compared with the same period last year. Some 154,000 tons of alumina powder has also been produced in the same period of time, the IRNA news...
"Aluminij" D.D. Mostar concludes contract worth 6 mln Euros
Representatives of “Aluminj “d.d. Mostar company signed with Austrian company Hertwich Engineering Contract for the implementation of the project to modernize the remaining part of the production process in its "Foundry". According to the statement issued by the Public Relations Office of...
S.Korea buys 4,000 tonnes of aluminium ingot via for Feb
South Korea has bought a total of 4,000 tonnes of high-grade aluminium ingot via tenders, the state-run Public Procurement Service (PPS) said on its website (www.g2b.co.kr). Details of the purchases are as follows: TONNES SUPPLIER PREMIUM(CIF/T) ORIGIN 2,000 Glencore International AG $90 Western...
S.Korea seeks aluminium ingot
South Korea issued tenders for 4,000 tonnes of high-grade primary aluminium ingot, the Public Procurement Service said. It said separately that it was seeking aluminium via tenders to close at 2 p.m. (0500 GMT) on December 14. South Korea last month purchased 3,000 tonnes of western aluminium ingot...
Shanghai Metals Market Daily Review - 2011/11/28 Base Metals Market
The most active SHFE aluminum contract 1202 opened at RMB 15,835/mt and closed at RMB 15,830/mt, up RMB 20/mt or 0.13%. Positions of the contract increased 1,910 lots to 89,096 lots. SMM expects the contract to struggle near the mark and may slip little bit lacking support. Traded prices of spot...
China Export 63,825 tons of Aluminum Alloy Ingot in October
According to China Customs China exported 63,825 tons of aluminum alloy ingots in October,which is an increase of 7.2% compared with September. Analysts agreed that the increasing demand from Japanese clients was the main reason that caused the growth in export. It is learned that China exported 42...
UK secondary aluminium prices flat as scrap dealers offer resistance
UK secondary aluminium prices were unchanged on Wednesday, November 24 as scrap buyers found greater resistance to falling prices after movements in the exchange rate reopened other markets. LM24 pressure diecasting ingot stayed at £1,500-1,550 ($2,338-2,415) per tonne, while LM6/LM25 gravity...
