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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SMM Daily Review – 2011/8/22 Aluminum Market
Most active SHFE 1111 aluminum contract opened higher at RMB 17,250/mt and closed at RMB 17,215/mt, up RMB 45/mt or 0.26% on August 22nd. Total positions of the contract added 3,000 lots in the morning which pushed the contract to a highest intraday price of RMB 17,295/mt, but finally dropped 804...
Aluminum demand in China set to double over decade - XinRen
According to XinRen Aluminum Holdings Limited, aluminum demand in China, the world’s largest consumer and producer will more than double over the next decade, eliminating a local surplus and boosting prices. Mr Liang Hongbo ED of XinRen Aluminum said that consumption may gain 15% per year over the...
Estimated N. American aluminum demand up 7.4% in first half: trade group
Preliminary estimates indicate that aluminum demand in the US and Canada (shipments by domestic producers plus imports) totaled an estimated 10.652 billion lb during the first half of 2011, 7.4% above the same period of 2010, according to the Aluminum Association. Exports of aluminum ingot and mill...
SMM Aluminum Price Forecast (Aug. 15-19)
Last week, SHFE aluminum prices fell initially, but rebounded later in the week. SHFE 1110 aluminum contract prices fell continuously early in the week to RMB 16,425/mt given bearish market sentiment, but later rallied to the 60-day moving average, supported by low spot aluminum inventories and...
Tajik Aluminum aluminum ingot production down by 17pct in H1s
Mr Farrukh Hamraliev Mahmudovich minister of ministry of economic development and trade of the Republic of Tajikistan said that Tajik Aluminum Company produced 150,000 tonnes of aluminum ingot down by 16.7% YoY. Mr Hamraliev said that the export values of the aluminum ingot amounted USD 440 million...
Base metals recover on global cues
Most of the base metals recovered at the nonferrous metal market here today due to fresh industrial buying support coupled with higher advices from London Metal Exchange. However, aluminum ingots and aluminum utensil scrap moved down on poor offtake.Aluminum ingots declined by INR 5 per kilogram to...
Aluminum Price to Keep Falling within Bearish Market
The SMM China Aluminum Ingot Trade Index during August 1st to August 5th slightly rebounded to above the balance line of 50% to 50.7%, up by 3.8% from previous week. SHFE aluminum prices plunged during the week from RMB 18,600/mt to RMB 17,930/mt, and purchasing interest among spot aluminum buyers...
Aluminum Price to Keep Falling within Bearish Market
The SMM China Aluminum Ingot Trade Index during August 1st to August 5th slightly rebounded to above the balance line of 50% to 50.7%, up by 3.8% from previous week. SHFE aluminum prices plunged during the week from RMB 18,600/mt to RMB 17,930/mt, and purchasing interest among spot aluminum buyers...
Aluminum Market Cools with High Prices, Tight Capital, Weak Consumption
The SMM China Aluminum Ingot Trade Index during July 25th to July 29th fell below the balance line of 50% to 46.9%, down by 4.5% from previous week. SHFE aluminum prices surged with strong long momentum during the week, with unwillingness to sell remaining strong among goods holders. However, as...
S.Korea Seeks 4,000 T Aluminium Ingot for Sept
South Korea is seeking 4,000 tonnes of high-grade London Metal Exchange (LME) registered primary aluminium ingot via tenders to close at 2 pm (0500 GMT) on July 21, the state-run Public Procurement Service said. The procurement agency said on its website (www.g2b.go.kr) that it would buy the metal...
NBS: Aluminum Ingot Price RMB 14,421/mt
China’s National Bureau of Statistics announced today price changes for major industrial products from by some key domestic producers. As of July 5, ex-work price of ordinary domestic aluminum ingots is RMB 14,421/mt, up (from June 20) RMB 345.2/mt or 2.5%.
June Output of A356 Aluminum Alloy Ingot Reaches New High
Domestic output and sales volume of passenger cars in June have reached new highs compared with previous month and the same month in 2010. Overseas wheel hub orders were continuously reported. As the automotive industry growth outweighed expectations, June output of A356 aluminum alloy ingot...
Jiangsu Alcha Aluminum constructs new plant in Inner Mongolia
Reportedly, reconstructed and held by Changshu Aluminium foil Factory, Jiangsu Alcha Aluminium revealed its outline to construct 250,000 aluminum project in the Baotou National Rare Earth Hi Tech Industrial Development Zone in China's Inner Mongolia Autonomous Region. The company is one of the...
Jiangsu Alcha Aluminum constructs new plant in Inner Mongolia
Reportedly, reconstructed and held by Changshu Aluminium foil Factory, Jiangsu Alcha Aluminium revealed its outline to construct 250,000 aluminum project in the Baotou National Rare Earth Hi Tech Industrial Development Zone in China's Inner Mongolia Autonomous Region. The company is one of the...
Alcha Aluminum to build 250000 tonnes aluminum project
Interfax China reported that Jiangsu Alcha Aluminum Company Limited plans to build a 250,000 tonne aluminum project in the Baotou National Rare Earth Hi Tech Industrial Development Zone in China's Inner Mongolia Autonomous Region. Shenzhen Stock Exchange listed Alcha Aluminum will fund the...
Alcha Aluminum to build 250000 tonnes aluminum project
Interfax China reported that Jiangsu Alcha Aluminum Company Limited plans to build a 250,000 tonne aluminum project in the Baotou National Rare Earth Hi Tech Industrial Development Zone in China's Inner Mongolia Autonomous Region. Shenzhen Stock Exchange listed Alcha Aluminum will fund the...
India's NALCO Issues 6,000 T Aluminium Export Tender-Source
India's state-run National Aluminium Co. Ltd (NALCO) has issued a tender to export 6,000 tonnes of aluminium ingots, a senior company official said on Tuesday. The last date for submission of bids is June 28, the official, who is close to the tendering process but could not be named due to company...
Exploration Orbite transforming aluminum production
Exploration Orbite Inc., developer of the Grande Vallée aluminous clay deposits in the Gaspé Peninsula, has passed another milestone towards proving the mineral can be converted successfully into alumina, the intermediate material used to smelt primary aluminum. CEO Richard Boudreault said Tuesday...
