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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LME aluminium benchmark price declines by US$40.5/t; SHFE price drops to US$2870/t
The previous trading day, LME aluminium opened at US$2,575.5 per tonne, reached a high of US$2,589 per tonne, a low of US$2,529 per tonne, and closed at US$2,544 per tonne, down US$38 per tonne, a drop of 1.47 per cent. On Tuesday, June 11, both LME aluminium cash bid price and LME aluminium...
US targets additional Chinese companies for trade sanctions, including one aluminium firm
The United States has expanded its list of companies barred from importing goods into the country due to alleged involvement in forced labour practices associated with the Uygur population in China, as reported by the South China Morning Post. According to a notice published online by the US...
China’s domestic A00 aluminium ingot price slumps by RMB360/t over the weekend; Alumina price inches up by RMB1/t
According to the Shanghai Metals Market survey, China’s domestic A00 aluminium ingot price has plummeted by RMB 360 per tonne over the weekend to reach RMB 20,810 per tonne as of Tuesday, June 11. That brought the price week-on-week lower by 1.79 per cent from RMB 21,190 per tonne. Today, the...
China increasingly indulges in aluminium scrap imports from the US, representing a 39.5% growth Y-o-Y
The year-end statistics of 2023, as reported by the United States Census Bureau and the US Geological Survey, revealed a significant strategic shift in the non-ferrous scrap export market, particularly aluminium, with a notable increase in buyers from China. Through 2023, the United States exported...
Henan hosts advanced aluminium-based materials industry chain promotion meeting
On May 23, a collaborative conference was held in Zhengzhou, focusing on Henan's advanced aluminium-based material industry chain scheduling and promotion. The meeting underscored the significance of advanced aluminium-based materials as a vital element of new materials for strategic emerging...
From scrap to spotlight: Recycled aluminium ready to hit global markets in decarbonisation drive
The aluminium industry is intensifying its efforts to reduce carbon emissions, and recycling metal can revolutionise the market. According to the Managing Director of industry consulting firm Harbor Aluminum, the world is set to add 22 million tonnes of aluminium capacity from scrap over the next...
US initiates anti-dumping and countervailing probes on disposable aluminium tableware from China
On May 16, 2024, the Aluminum Container Manufacturers Association, an American applicant, applied with the US Department of Commerce and the US International Trade Commission. The application was filed to initiate an anti-dumping and countervailing investigation into disposable aluminium tableware...
China’s A00 aluminium ingot price marks a W-o-W decline of RMB70/t; Bauxite price in Guizhou gains RMB10/t
According to the Shanghai Metals Market, A00 aluminium ingot price has dropped slightly by RMB 20 per tonne after a rise of RMB 120 per tonne on the previous day. Therefore, the ingot price has closed the week at RMB 21,170 per tonne on June 7, registering a week-on-week fall of RMB 70 per tonne...
LME aluminium benchmark price hikes to US$2587/t; SHFE price inches down by US$1/t
On the previous trading day, LME aluminium opened at US$2,633.5 per tonne, reached a high of US$2,673 per tonne and a low of US$2,628.5 per tonne, and closed at US$2,647.5 per tonne, up US$12.5 per tonne, an increase of 0.47 per cent. On Thursday, June 6, both LME aluminium cash bid price and LME...
ASI recognises Henan Zhongfu’s Zhanjie manufacturing facility with the CoC Standard V2 (2022) Certification
Aluminium Stewardship Initiative (ASI) announced that Henan Zhongfu High Precision Aluminium Products, located in Yulian Industrial Park, has attained the ASI Chain of Custody (CoC) Standard V2 (2022) Certification for its facility in Yulian Industrial Park, Zhanjie. This facility specializes in...
National Power Investment hosts the much-awaited aluminium industry construction symposium in Inner Mongolia
On May 23, the National Power Investment Corporation hosted the "World Class" Aluminum Industry Construction Symposium in Xilin Gol League, Inner Mongolia Autonomous Region. The event was attended by officials from the State Power Investment Corporation (SPIC). Other important delegates, such as...
China’s A00 aluminium ingot price gains RMB120/t; Alumina price loses RMB1/t
On Thursday, June 6, China’s A00 aluminium ingot price gained RMB 120 per tonne to settle at RMB 21,190 per tonne. The average prices were between RMB 21,170 per tonne and RMB 21,210 per tonne. According to the data, the spot contract prices may be between RMB 90 per tonne and RMB 50 per tonne....
LME aluminium benchmark price falls by US$22/t to US$2603/t; SHFE price slumps to US$2915/t
The previous trading day, LME aluminium opened at US$2,662 per tonne, reached a high of US$2,686.5 per tonne and a low of US$2,635 per tonne, and closed at US$2,662 per tonne, down US$2 per tonne, a decrease of 0.08 per cent. On Tuesday, June 4, both LME aluminium cash bid price and LME aluminium...
China's A00 aluminium ingot price contracts by RMB120/t, reverting to the previous week's level
According to the Shanghai Metals Market, China’s domestic A00 aluminium ingot price again decreased by RMB 120 per tonne on Tuesday, June 5, following an intermittent increase of RMB 100 per tonne on the previous day after two consecutive days of downfall. With the latest fall, the domestic A00...
China’s A00 aluminium ingot price hikes by RMB160/t W-o-W; Alumina price slumps to RMB3906/t
On Tuesday, June 4, China’s A00 aluminium ingot price gained RMB 100 per tonne to settle at RMB 21,190 per tonne. The domestic aluminium ingot price witnessed a growth of RMB 160 per tonne W-o-W from RMB 12,030 per tonne recorded on May 28. As per the SMM data, a Y-o-Y surge of RMB 2,780 was...
China’s prebaked anode exports during Jan-Apr 2024 surge 48% Y-o-Y, indicating positive worldwide demand
China's prebaked anode exports in April 2024 amounted to 166,800 tonnes, indicating a month-on-month downfall of 13.45 per cent and a year-on-year dip of 1.07 per cent, showed China customs data. The estimated export unit price of the material was approximately $673.5 per tonne, which was up by...
World alumina production in April 2024 slumps 4.4% M-o-M due to dwindled output in key producing countries
The International Aluminium Institute (IAI) reports that the world's alumina production in April 2024 experienced a significant decline, both on a monthly and yearly basis. This trend was primarily driven by reduced output in key regions such as China, Africa & Asia (ex-China), Europe (incl....
A00 aluminium ingot price continues to fall by RMB150/t due to elevated inventories; Pre-baked anode price dips by RMB10/t
According to the Shanghai Metals Market, China’s domestic A00 aluminium ingot price has decreased by RMB 150 per tonne over the weekend to stand at RMB 21,090 per tonne as of June 3, marking the second consecutive day of fall. However, despite the decline, the price still stands 1 per cent higher...
