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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S.Korea buys 3,000 T aluminium ingot for Jan
South Korea has bought 3,000 tonnes of high-grade primary aluminium ingot of Malaysian origin via tenders on Wednesday, state-run Public Procurement Service said. The purchase details are: 2,000tonnes bought from Sumitomo Corp at premium of $115 and 1000tonnes from LG International Corp at premium...
Sohar Aluminum capacity expansion decision by year end
Sohar Aluminum is expected to take a concrete decision on its proposed expansion to double the present capacity to 740,000 tonnes per annum by the year end. Mr Henk Pauw CEO of Sohar Aluminum said that the capital expenditure of the proposed expansion which includes a massive captive power plant is...
India's NALCO sells aluminium at $89/T premium over LME
Indian state-run National Aluminium Co. Ltd (NALCO) has sold 9,000 tonnes of aluminium ingots at $89 per tonne premium over the average LME cash price on a cost, insurance and freight basis, a senior company official said on Friday. The metal will be shipped in six batches of 1,500 tonnes each from...
S.Korea buys 6,000 tonnes of aluminium ingot via tenders
South Korea has bought a total of 6,000 tonnes of high-grade primary aluminium ingot registered on the London Metal Exchange (LME) via tenders closed on Wednesday, the state-run Public Procurement Service said. According to the government procurement agency's website (www.g2b.go.kr), the purchase...
DAIKI ALUMINIUM INDUSTRY CO
Daiki Aluminium Industry Co. Ltd. produces and sells aluminum alloy products in Japan and internationally. The company offers secondary aluminum alloy ingots that are used for die-casting, casting, deoxidation, and rolling; secondary aluminum ingots, which are used for roll products; and aluminum...
Orbite ramps up alumina production in Canada
Exploration Orbite announced that the production mode of alumina has shifted from a batch process a to semi-continuous process. This acceleration in production will allow the company to meet industry and partner demand as well as prepare for the transition of the plant towards a commercial...
Grade issue halts ingot production at Alcoa smelter
Alcoa Inc has temporarily stopped producing certain ingots at its Becancour smelter in Quebec because of a quality problem, the aluminum producer said on Wednesday. A spokesman said the company suspended production of its P1020 aluminum billet in late October as a result of high iron content and...
Alcoa’s ABI smelter halts P1020 ingot output
Alcoa Inc.’s Aluminerie de Bécancour Inc. (ABI) smelter has stopped producing P1020 ingot as off-grade production problems continue at the Bécancour, Quebec-based plant. "We have temporarily stopped production of P1020 and are working to resume production as quickly as possible," an Alcoa spokesman...
India's NALCO issues 9,000 T aluminium ingots export tender
India's state-run National Aluminium Co (NALCO) on Tuesday issued a tender to export 9,000 tonnes of aluminium ingots, a senior company official said. The last date for submission of bids is Nov 9. The metal would be shipped in six batches of 1,500 tonnes each from November to April, Ansuman Das,...
India's NALCO sells aluminium at $97/T premium over LME
Indian state-run National Aluminium Co. Ltd (NALCO) has sold 7,500 tonnes of aluminium ingots at $97 per tonne premium over the average LME cash price on a cost, insurance and freight basis, a top company official said on Thursday. The metal will be shipped to a Hong Kong-based buyer in six batches...
South Korea seeks 5000 tonnes of aluminum ingot
South Korea has issued tenders to buy 5,000 tonnes of aluminum ingot with non western origin for December 30 shipping. The state run Public Procurement Service said that the agency is seeking 3,000 tonnes of the metal to be shipped to the port of Incheon and 2,000 tonnes to Busan. The electronic...
India NALCO tenders to export 7500 T of aluminium ingots
India's state-run National Aluminium Co on Monday issued a tender to export 7,500 tonnes of aluminium ingots, commercial director Ansuman Das said on Monday. The last date for submission of bids is Oct 25. The metal would be shipped in six batches of 1,250 tonnes each from November to April, he...
European secondary aluminium falls as consumers remain cautious
European secondary aluminium ingot prices fell on Friday as economic uncertainty continued to stifle buying activity. But the range widened as producers selling the majority of their production to the German manufacturing sector enjoyed better prices. DIN226 pressure-diecasting ingot fell to...
Scrap market facts
In the local non-ferrous metal market today on scattered demand from consuming industries,today's quotations in Rs per kg were:aluminium ingots 113, sheet cutting 114, aluminium wire scrap 115 and aluminium utensils scrap 110. Traders said fresh demand from consuming industries helped copper prices...
Nonferrous market report in China
In August,domestic prices of aluminum ingot metal fell sharply because of the overall metal and financial market bearish sentiment.Many market participants believe the recent fast rise in aluminum prices will actually give the market a callback opportunity. Aluminum ingot is still sought after and...
UK LM6/LM25 aluminium ingot falls on sentiment as volumes remain strong
UK high-grade secondary aluminium ingot prices fell on Wednesday as deals at the top end dried up on continuing economic uncertainty. But demand remains healthy in the near term and producers are well sold through November at least. “We’re doing a few bits and pieces on the spot market, but we’re...
Orbite Ramps up Alumina Production
In another milestone for its Cap-Chat plant achieved again on schedule, Exploration Orbite CA:ORT.A +20.90% is pleased to announce that the production mode of alumina has shifted from a batch process to semi-continuous process. This clear and significant acceleration in production will allow the...
Tianjin Aotong Becomes Biggest Export Base of Recycled Aluminium Alloy in North
Tianjin Aotong Metal Products Co.Ltd has become the biggest export base of recycled aluminum alloy in north. The company has formed a production scale of 500,00tons aluminum alloy per year through technical innovation, investment and optimizing production factors. Aotong imports scrap metals as raw...
