Macro rate hike expectations bring periodic pressure, while destocking in China provides solid bottom support
Futures: The most-traded SHFE aluminium contract opened at RMB 24,310 per tonne in the night session on September 10, reached a high of RMB 24,310 per tonne and a low of RMB 24,075 per tonne, and closed at RMB 24,125 per tonne, down RMB 365 per tonne or 1.49 per cent from the previous close....
Aluminium eggshells take on space debris with nearly 65% impact reduction
Researchers at Dalian University of Technology in China have tested a spacecraft protection structure made from water-filled aluminium eggshells, with the design reducing the velocity of an impact projectile by nearly 65 per cent. The research, published in the Journal of Applied Physics , looked...
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China’s A00 aluminium ingot price drops by RMB30/t amid muted input costs
On June 18, 2024, the Shanghai Metal Market (SMM) has reported that the price of A00 aluminium ingot stands at RMB 20,350 per tonne, marking a slight dip of RMB 30 per tonne or 0.15 per cent from the previous trading session. In USD terms, this price is approximately $2,797.56, excluding VAT. This...
LME aluminium benchmark price dwindles by US$45.5/t; SHFE price gains US$17/t
The previous trading day, LME aluminium opened at US$2,519.5 per tonne, reached a high of US$2,523.5 per tonne, a low of US$2,476.5 per tonne, and closed at US$2,507.5 per tonne, down US$15.5 per tonne, a decrease of 0.61 per cent. On Monday, June 17, both LME aluminium cash bid price and LME...
Qingdao's bold plan to become a significant hub for new energy vehicles by 2025, underscoring wide aluminium usage
Qindao city in China’s eastern Shandong province has unwrapped its “Action Plan” aimed at driving the high-quality development of the New Energy Vehicle (NEV) industry in the city. According to the plan, by 2025, the city aims to achieve several noteworthy milestones, including an annual production...
Chinalco Shanxi New Materials hosts key symposium on aluminium-magnesium industrial chain
On June 4th, Chinalco Shanxi New Materials hosted a symposium to explore the primary enterprises within the aluminium-magnesium industrial chain. The symposium's main focus was on the primary initiatives undertaken by Chinalco Shanxi New Materials in chain stabilisation, chain introduction, and...
Off-season in China’s manufacturing sectors results in low pick-up from aluminium billet warehouses
According to the Shanghai Metals Market survey, aluminium billet inventories in China stood at 162,800 tonnes on Thursday, June 13, indicating a week-on-week decline of 3,600 tonnes. But on a year-on-year basis, the inventories rose 21,300 tonnes, standing at a high level for the same period in...
Improved hydropower reserves in Yunnan drive China’s aluminium production to new high
China's aluminium production reached an all-time high last month as smelters resumed operations, potentially setting the stage for further price declines following a two-year peak in May. Improved hydropower reserves in Yunnan Heavy rains have replenished hydropower reserves in Yunnan, enabling...
China’s A00 ingot price declines by RMB180/t, depicting weaker-than-expected demand trend
China’s domestic aluminium market has been facing a considerable fluctuation, resulting in a continuous decline in aluminium prices. According to the Shanghai Metal Market (SMM), A00 aluminium ingot price has registered a fall of RMB 180 per tonne over the weekend to stand at RMB 20,380 per tonne....
LME aluminium benchmark price descends by US$32.5/t; SHFE price loses US$33/t
The previous trading day, LME aluminium opened at US$2,539 per tonne, reached a high of US$2,552.5 per tonne and a low of US$2,502 per tonne, and closed at US$2,523 per tonne, down US$21.5 per tonne, a decrease of 0.84 per cent. On Friday, June 14, both LME aluminium cash bid price and LME...
Tianjin Zhongwang’s second hot rolling plant sets new benchmark in power efficiency
Through the continuous dedication of all personnel at Tianjin Zhongwang’s second hot rolling plant, the project "Reducing Power Consumption in the Rolling Workshop" has yielded remarkable outcomes. By April, electricity consumption had decreased by 15.3 per cent compared to the previous year,...
US aluminium scrap trade demonstrates steady growth trend with 2% rise in Q1 exports and 6% hike in imports
The US aluminum scrap market has kicked off 2024 with a significant momentum of 2.06 per cent rise in exports and 6.04 per cent rise in imports during the first quarter of 2024, reflecting a broader economic trend and strategic shifts in trade policies. The first quarter of the year has seen a...
Eurozone industrial growth stalls amid rising tariff concerns
In April, the Eurozone's industrial production experienced a slight decline, falling by 0.1 per cent compared to March. This marks a significant downturn, with production now standing 3 per cent lower than it did a year ago. Despite the persistent risks to the economic outlook, particularly from...
LME aluminium benchmark price gains US$22/t to US$2498/t; SHFE price drops to US$2831/t
LME aluminium opened at US$2,566 per tonne in the previous trading day, with the highest point at US$2,591 per tonne, the lowest point at US$2,528.5 per tonne, and closed at US$2,544.5 per tonne, a drop of US$24.5 per tonne, or 0.95 per cent. On Thursday, June 13, both LME aluminium cash bid price...
China’s aluminium output records a 3.5% M-o-M growth in May 2024; June looks positive with more capacity resumptions
In May 2024 (31 calendar days), China's domestic aluminium production was 3.637 million tonnes, an increase of 3.47 per cent M-o-M from 3.515 million tonnes and a hike of 4.61 per cent year-on-year. The rise in output during May 2024 was primarily driven by the resumption of aluminium plants in...
China’s A00 aluminium ingot price declines for the fourth day, marking a W-o-W fall of 2.5%
China’s domestic A00 aluminium ingot price has descended for the fourth day in a row by RMB 130 per tonne against the backdrop of subdued manufacturing activity growth in the country. According to SMM, China’s A00 aluminium ingot price has come in at RMB 20,660 per tonne, bringing the price 2.5 per...
LME aluminium benchmark price inches down to US$2476/t; SHFE price drops by US$32/t
The previous trading day, LME aluminium opened at US$2,541.5 per tonne, reached a high of US$2,581.5 per tonne, a low of US$2,520 per tonne, and closed at US$2,569 per tonne, up US$25 per tonne, or 0.98 per cent. On Wednesday, June 12, both LME aluminium cash bid price and LME aluminium official...
May 2024: China’s alumina production continues to grow annually nearing 7 million tonnes
According to the Shanghai Metals Market survey, China's metallurgical-grade alumina production in May 2024 (31 calendar days) recorded a monthly hike of 4.64 per cent, reaching 6.989 million tonnes versus 6.679 million tonnes. The daily average output stood at 233,000 tonnes per day, reflecting an...
Global aluminum consumption climbs 6% in early 2024, AZ Global finds
Research carried out by AZ Global shows that aluminium consumption grew strongly in the first four months of this year. Our research indicates a growth rate of 6 per cent globally. In terms of major regions, Asia has the highest consumption growth rate. From January to April 2024, Asia's primary...
China’s A00 aluminium ingot price demonstrates a W-o-W decline of RMB280 with a latest drop of RMB20/t
As of June 12, 2024, China’s latest aluminum price data reveals minor movements across the market. According to the Sanghai Metals Market (SMM), A00 aluminum ingot price has experienced a drop of RMB 20 per tonne followed by a plunge of RMB 360 per tonne on the previous day, settling at RMB 20,790...
