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 extrusion exports inflate by 35.36% Y-o-Y during January-February 2024
According to China customs data, domestic aluminium extrusion exports from January to February 2024 totalled 170,900 tonnes, reflecting a month-on-month increase of 3.26 per cent and a year-on-year hike of 35.36 per cent. The export volume stood at 108,300 tonnes and 62,000 tonnes in individual...
February 2024: World primary aluminium production manifests a growing trend, marking an increase for the back-to-back year
According to the International Aluminium Institute survey, world primary aluminium production in February 2024 (29 calendar days) amounted to 5.554 million tonnes, experiencing a decline of 8.35 per cent from 6.06 million tonnes in January. However, on a year-on-year basis, the world primary...
LME benchmark aluminium price jumps every alternate day to reach US$2231.50/t; SHFE aluminium price marks 2% increase Y-o-Y
The London Metal Exchange market has shown a sudden upward streak, on March 20, with the LME aluminium cash bid price closing at US$2,231 per tonne and the LME aluminium official price halting at US$2,231.50 per tonne, gaining US$29 per tonne or 1.32 per cent. If the LME aluminium price on March 20...
China’s A00 aluminium ingot price accumulates RMB100/t overnight; Low-carbon aluminium price inflates by 0.70%
According to the Shanghai Metals Market survey, China’s domestic A00 aluminium ingot price has built up by RMB 100 per tonne overnight to stand at RMB 19,340 per tonne on Thursday, March 21. The average prices are expected to range between RMB 19,320 per tonne and RMB 19,360 per tonne, with spot...
Coke imports remain high in China
The domestic China petcoke market remains relatively stable, with the usual price dips and peaks within a channel. One of the reasons why the price won't rise to previous highs is down to the enormous volumes of coke being held at port. According to the team, China currently holds as much as 4...
China to add aluminium to the ETS
China will add the domestic electrolytic aluminium industry to its Emissions Trading Scheme (ETS). The China Nonferrous Metals Industry Association has been working with government departments to formulate the rules for the industry's inclusion, which is set to happen "imminently". The ETS largely...
Yunnan restarts - with a twist
News has come through that the Yunnan government has released additional power units to its local aluminium industry. We understand about 500,000 tonnes of smelting capacity is allowed to re-enter the market, and local companies are now preparing their pots. But the news comes with a twist and...
Huafeng Aluminum Industry Co., Ltd. acquires ASI dual certification for plate, strip and foil blank manufacturing
Aluminium Stewardship Initiative has granted dual certification to Huafeng Aluminum Industry Co., Ltd., a facility of Jiangsu Zhongji Lamination Materials Co., Ltd., for the manufacture of aluminium plate, strip and foil blanks. On Tuesday, March 19, Huafeng Aluminum Industry Co., Ltd. acquired...
Longkou City gears up for the aluminium sheet & strip project in Nanshan Aviation Material Industrial Park
Since early March this year, Longkou City in east China's Shandong Province has embarked on the construction of 21 projects, representing a combined investment of RMB 19.6 billion. Notably, on March 14th, significant progress was observed at the construction site of the high-end lightweight...
SMM A00 aluminium ingot price collects RMB90/t W-o-W; Alumina price in Shanxi negates RMB20/t
The Shanghai Metals Market has been on the lower side today, with the A00 aluminium ingot price arriving at RMB 19,240 per tonne, a slight decrease of RMB 10 per tonne. If we consider the price recorded on March 13, there can be seen an escalation of RMB 90 per tonne, or 0.47 per cent, from the RMB...
LME aluminium benchmark price falls by US$22/t to US$2,202.5/t; SHFE price decreases by US$7/t
LME aluminium opened at $2,276.5 per tonne yesterday, with its high and low at US$2,279 per tonne and US$2,248 per tonne, respectively, before closing at US$2,269 per tonne, down US$7.5 per tonne or 0.33 per cent. On Tuesday, March 19, the LME aluminium cash bid price and LME aluminium official...
Huanghe Xinye achieves the ASI Performance Standard V3 (2022) Certification
On Tuesday, March 19, Aluminium Stewardship Initiative (ASI), announced that Huanghe Xinye, in Xining City, achieved the ASI Performance Standard V3 (2022) Certification for its smelter and casthouse facility. This facility specializes in the production of liquid aluminium and aluminium ingots....
Shanghai Unison Aluminium aims to invest $38.1 million in Bulgaria’s upcoming facility
Shanghai Unison Aluminium Products, a Chinese car parts manufacturer, is investing over 35 million euros ($38.1 million) in a new facility near Bulgaria's second-largest city, Plovdiv, as per the city authorities. The new plant, to be situated in the Trakia Economic Zone, will specialize in...
LME benchmark aluminium price gains US$6/t today, down 0.34% Y-o-Y; SHFE gathers 2.33% M-o-M
LME aluminium opened at US$2,272.50 per tonne yesterday, with its high and low at US$2,294 per tonne and US$2,261 per tonne respectively before closing at US$2,276.5 per tonne, down US$0.50 per tonne or 0.02 per cent. The LME aluminium official price chart on March 18 flashed a slight increase in...
Yunnan aluminium smelters resume operations, eyeing 500,000 tonnes capacity increase
Industry experts stated on Monday that aluminium smelters in China's southwestern province of Yunnan are restarting factories due to improved power availability. This development is expected to result in the restoration of approximately 500,000 tonnes of annual production. In November, smelters in...
SMM A00 aluminium ingot price gathers RMB160/t W-o-W reaching RMB19250/t; High purity aluminium price adds RMB100/t
The SMM aluminium market has witnessed an increase in prices today, with the SMM A00 aluminium ingot price soaring by RMB 70 per tonne to rest at RMB 19,250 per tonne, with the average prices ranging between RMB 19,230 per tonne and RMB 19,270 per tonne. This week’s start seems optimistic in...
China’s combined primary aluminium production during Jan-Feb 2024 grows 5.5% Y-o-Y: NBS
According to the National Bureau of Statistics (NBS), China’s primary aluminium production during January-February 2024 amounted to 7.1 million tonnes, up 5.5 per cent from the same period of the previous year. Although the combined data for two months reflect a year-on-year increase, output fell...
Jiangsu Kuna New Energy Co., Ltd. bags ASI Performance Standard certification for aluminium profiles production
Aluminium Stewardship Initiative has reportedly certified Jiangsu Kuna New Energy Co., Ltd. against Performance Standard V3 (2022) certification. Jiangsu Kuna New Energy Co., Ltd. is a China-based company that has achieved the ASI certification for manufacturing aluminium profiles at its facility...
