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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ASI certifies Nanjing Chervon Auto Precision Technology against Provisional Performance Standard Certification
Aluminium Stewardship Initiative has reportedly certified Nanjing Chervon Auto Precision Technology Co., Ltd. against Provisional Performance Standard V2 (2017) certification for the production and sales of aluminium automotive components at Nanjing, China. The certification is valid for one year,...
US Government triples 7.5% tariff on Chinese aluminium and steel imports; Aluminum Association applauds the move
According to a report on April 18, United States President Joe Biden has tripled the current 7.5 per cent tariff on Chinese aluminium and steel imports and is putting pressure on Mexico to prevent China from shipping metals to the United States via Mexican ports. In response to this move, the White...
China’s A00 aluminium ingot price reflects M-o-M growth of 5.6%; Low carbon aluminium price gains RMB111/t
On Friday, April 19, China’s A00 aluminium ingot price gained RMB 120 per tonne to clock at RMB 20,340 per tonne, with the spot contract price expected to be traded at a discount price of RMB 80 per tonne to RMB 40 per tonne. The domestic aluminium ingot price shot up by RMB 1090 per tonne or 5.66...
China’s bauxite imports show 4% Y-o-Y rise in Jan-Feb’24 due to domestic refineries dependency on overseas ores
China customs data showed that the country's bauxite imports from January to February 2024 totalled 24.4794 million tonnes, reflecting an annual increase of 4 per cent. In individual months, China imported 13.2019 million tonnes and11.2775 million tonnes of bauxite. The import in January was 11.24...
China’s A00 aluminium ingot price grows to RMB20,220/t; Low carbon aluminium price surge by RMB80/t
On Thursday, April 18, China’s A00 aluminium ingot price ascended by US$60 per tonne to clock at US$20,220 per tonne, with the spot contract price expected to be traded at a discount price of RMB 100 to RMB 60 per tonne. The average prices may orbit between RMB 20,200 per tonne and RMB 20,240 per...
China Hongqiao Group shines with Best Sustainability-Linked Loan Aluminium Award 2024
China Hongqiao Group Limited was recently honoured with the Best Sustainability-Linked Loan for Aluminium (China - Offshore) at The Asset Triple A Awards 2024, hosted by The Asset, a premier financial magazine. Christine Wong attended the prestigious awards ceremony at the Four Seasons Hotel Hong...
Alumina spot price in China rises by RMB8/t over past week; A00 aluminium ingot price is down by RMB20/t
On Wednesday, April 17, the average alumina spot price in China has recorded an increase of RMB 3 per tonne to reach RMB 3,305 per tonne, marking the third consecutive day of rise, showed the Shanghai Metals Market data. On a week-on-week basis, the average alumina price has edged a hike of RMB 8...
LME aluminium benchmark price drops to US$2,512/t; SHFE price descends by US$19/t
LME aluminium opened at US$2,555 per tonne in the previous trading day, with its high and low at US$2,569 per tonne and US$2,517 per tonne, respectively, before closing at US$2,559.5 per tonne, up US$11 per tonne or 0.43 per cent. On Tuesday, April 16, both LME aluminium cash bid price and LME...
March 2024: China’s primary aluminium production grows 7.4% Y-o-Y endorsed by price rally and higher profit margins
According to data revealed by the National Bureau of Statistics (NBS), China's primary aluminium production rose 7.4 per cent Y-o-Y in March 2024 to reach 3.59 million tonnes. Output increased over the year due to boosted industry profits driven by higher metal prices because of revived demand....
ALUMINIUM CHINA 2024 to unveil in Shanghai this July: Registration is now open for global visitors
ALUMINIUM CHINA, Asia’s premier tradeshow and B2B platform for the aluminium industry and its main application fields, will return to Shanghai, China, from July 3rd to 5th. Organised by RX Greater China, this highly anticipated event aims to create a unique space where global industry professionals...
SMM A00 aluminium ingot price levitates by RMB1080/t M-o-M, down RMB490/t today; Alumina price gains RMB3/t
The Shanghai Metals Market, on April 16, saw a downward trend in aluminium prices, with the SMM A00 aluminium ingot price de-escalating by RMB 490 per tonne to settle at RMB 20,260 per tonne. This can be considered the first dip in a long while, i.e. from April 9, the SMM aluminium price has been...
Hongqiao and Xinfa drop out of the top five in ingot production
Referring to the lead item, the team in Zibo has examined who is leading the pack for 2024 aluminium production to date in China. According to our analysis, Chinalco Group (1.8mt), Weiqiao Group (1.55mt), Xinfa Group (900kt), State Power Investment Corporation (717kt) and Oriental Hope Group...
China's aluminium sector witnesses less pour, more productivity
China's primary aluminium industry is pouring less and enjoying it more. Liquid metal transfers increased in the first quarter of 2024. According to our research, the volume of raw metal poured into ingot dropped by about 20 per cent compared to 2023 Q1. That's despite an overall increase in...
China Hongqiao's Shandong arm, leading the charge towards green aluminium production
The world's largest aluminium producer, China Hongqiao Group's subsidiary Shandong Hongqiao, has forged ahead with a strong dedication to innovation and industrial progress, solidifying its presence as a leading force in the aluminium production and deep processing sectors. The company prioritises...
Tianshan Aluminium posts bearish annual net profit for CY2023 despite steady growth in metal output
Tianshan Aluminium Group Co., Ltd., which produces and sells aluminium, aluminium products and materials, reported its 2023 annual report last week. The report revealed an operating income of RMB 28.975 billion, down 12.22 per cent year over year. The company’s net profit was RMB 2.205 billion...
“As far as I know, more and more Chinese aluminium smelters are transferring to Indonesia,” Kathy Yuan, Head of Overseas Marketing Department at HWAPENG
Kathy Yuan heads the Overseas Marketing Department at Hwapeng, a prominent manufacturer specialising in specialised equipment for carbon plants. The organisation's product range encompasses anodes, cathodes, graphite electrodes, graphite specialities, carbon electrode paste, ramming paste,...
UK and US sanctions on Russian metal propel A00 aluminium ingot prices to weekend surge in China
According to the Shanghai Metals Market data on Monday, April 15, the domestic A00 aluminium ingot price has grown for the fourth consecutive day by RMB 190 per tonne to reach RMB 20,750 per tonne, the highest in more than two years. The average prices are estimated to range between RMB 20,730 per...
China’s A00 aluminium ingot price shots up by RMB1430/t M-o-M; Average alumina spot price drops by RMB28/t M-o-M
China’s A00 aluminium ingot price gains RMB 260 per tonne to settle at RMB 20,560 per tonne, with average prices between RMB 20,540 per tonne and RMB 20,580 per tonne. The spot contract price may be traded at a discount price of RMB 20 per tonne to a premium price of RMB 20 per tonne. On M-o-M...
