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 aluminium trade surges, cementing conduit status
The latest data on China's aluminum imports and exports suggest that the Country is becoming a conduit for the metal. China's imports of metal in Q1 were up by over 200 per cent compared to Q1 2023. With the open arbitrage window, bringing metal to China became quite profitable. AZ Global...
China’s alumina spot price maintains the upward trajectory, grows to RMB3420/t; A00 aluminium ingot price gains RMB160/t
On Monday, April 29, the average alumina spot price gained RMB 30 per tonne to settle at RMB 3,420 per tonne. The alumina prices have shown growth in all the provinces, with the highest in Bayuquan, where it has hiked by RMB 70 per tonne to arrive at RMB 3,500 per tonne, followed by an upward...
China's alumina market finds momentum after slow start
China's alumina market has struggled since it launched on the China Futures Exchange about a year ago. But it is now finding some momentum, and the funds have entered the game with some strength. This week, the market saw a significant boost as funds stepped in, pushing the price to around RMB...
Aluminum Association backs Mexico's decision to increase border tariffs on Chinese aluminium
Following the United States' command to the Mexican government to prevent China from shipping metals to the US via its ports, Mexico has announced an increase in border tariffs on many types of aluminium and aluminium products imported from China. A week ago, United States President Joe Biden...
Aluminium market assesses sources of growth in a challenging market environment
On April 24-26, 2024, Inga Simonenko, Market Intelligence and Commercial Sustainability Director of Rusal Marketing GmbH was invited to speak at the 19th SMM Metal Industry Annual Conference in Chongqing, China, and share her insights on the current state of the aluminium market. In her speech,...
China’s alumina spot price maintains upward trajectory, gains RMB28/t; SMM A00 aluminium ingot price surges by 9% Y-o-Y
China’s average alumina spot price has shown bullish trend for the past few days, with it securing RMB 28 per tonne today, to close at RMB 3,390 per tonne. The alumina prices in Guizhou and Guangxi have both risen by RMB 40 per tonne to close at RMB 3,395 per tonne and RMB 3,435 per tonne. The...
China’s average alumina spot price expands by RMB28/t; A00 aluminium ingot price surge by RMB200/t
On Thursday, April 25, China's average alumina spot price experienced a significant increase, soaring by US$28 per tonne to settle at RMB 3,362 per tonne. This was followed by a surge of RMB 40 per tonne in Bayuquan, reaching RMB 3,400 per tonne. This upward trend is noteworthy, as it marks a M-o-M...
Stephen Roach's bold claim, 'Hong Kong is Over'
Stephen Roach, the former Chairman of Morgan Stanley, Asia, has publicly pronounced "Hong Kong is over." Roach, now an analyst focusing on the economy of the former British Crown Colony, which is presently a special administrative zone of China, highlights Law 23 as its primary concern. This law...
World’s primary aluminium production in Q1 2024 maintains Y-o-Y momentum amid sequential drop
In the first quarter of 2024, the world’s primary aluminium production manifested an annual growth trajectory while it shied away from growing on a quarterly basis. The global primary aluminium output in Q1 2024 ended March 31 reflected a 4.11 per cent hike Y-o-Y but exhibited a 1.24 per cent drop...
China’s alumina price surges by RMB23/t; SMM A00 aluminium ingot price slumps by RMB160/t
China’s average alumina spot price has augmented by RMB 23 per tonne to officially close at RMB 3,334 per tonne, while the alumina price in Henan, Shandong and Shanxi have all increased by RMB 30 per tonne to close at RMB 3,355 per tonne and RMB 3,310 per tonne, respectively. The alumina price in...
LME aluminium benchmark price dwindles by US$69/t; SHFE price drops to US$2,780/t
LME aluminium opened at US$2,661.5 per tonne yesterday, with its high and low at US$2,669.5 per tonne and US$2,562.5 per tonne, respectively, before closing at US$2,576 per tonne, down US$82 per tonne or 3.09 per cent. On Tuesday, April 23, both LME aluminium cash bid price and LME aluminium...
LME benchmark aluminium price skips 18.14% upward M-o-M; SHFE loses US$35/t today
The London Metal Exchange graph registered growth in aluminium prices on April 22, with the LME aluminium cash bid and the LME aluminium official price gaining US$8 per tonne or 0.3 per cent and US$8.50 per tonne or 0.32 per cent to close at US$2,653 per tonne and US$2,654 per tonne, respectively....
China’s A00 aluminium ingot price dwindles by RMB420/t to RMB20,270/t; Alumina price gains RMB3/t
On Tuesday, April 23, China’s A00 aluminium ingot price dwindled by RMB 420 per tonne to settle at RMB 20,270 per tonne. The spot contract price is expected to be traded at a discount of RMB 70 to RMB 30 per tonne. As per the SMM data, the prices in Foshan and Gongyi have contracted by RMB 430 per...
China’s aluminium ingot inventories manifested downtrend in March’24 due to boosted activities in downstream sector
In tandem with the enthusiastic buying and selling activities of the aluminium downstream processing enterprises since the beginning of March, owing to the arrival of the traditional peak season, aluminium ingot inventories showed signs of decline at the end of March, as was predicted by SMM...
SMM A00 aluminium ingot price levitates by RM1390/t M-o-M; China’s alumina price expands to RMB3308/t
The Shanghai Metals Market on April 22 has shown a decent spike in aluminium prices, with the SMM A00 aluminium ingot price halting at RMB 20,690 per tonne after an increase of RMB 350 per tonne. On a Month-on-Month scale there can be seen a massive augmentation of RMB 1,390 per tonne or 7.2 per...
Primary weekly recap: US levies 7.5% tariff on Chinese aluminium and steel imports while LME bans Russian aluminium produced on or after April 13
This week, significant shifts reshaped the primary aluminium sector. The Biden administration's decision to triple tariffs on Chinese aluminium and steel imports aims to curb overproduction and level the playing field for American metal industries. Supported by the Aluminum Association, this move...
China’s domestic manufacturing sector recovery drive up March’24 aluminium imports by 89.9% Y-o-Y
According to China customs data, the country's aluminium imports, including primary metal and unwrought, and alloyed aluminium, surged by 89.8 per cent year-on-year in March 2024, buoyed by demand growth. China's increasing demand for aluminium is being fuelled by the growth of solar, electric...
China strongly opposes US restrictions on aluminium & steel products
China has strongly opposed the United States imposing new restrictive measures on Chinese aluminium and steel products, condemning the move as unilateral and protectionist. The announcement came from China's Commerce Ministry, which denounced the US actions and labelled the accusations against...
