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...
Grow with
AL Circle
SMM A00 aluminium ingot price falls by RMB80/t; Average alumina spot price slumps by RMB4/t
On Friday, March 15, China’s A00 aluminium ingot price slumped by RMB 80 per tonne to settle at RMB 19,180 per tonne, with the spot contract price expected to be traded at a premium price of RMB 10 to RMB 50 per tonne. The average prices may orbit between RMB 19,160 per tonne and RMB 19,200 per...
ASI grants CoC Standard V2 (2022) certification to Fujian Nanping Aluminum
The Aluminium Stewardship Initiative (ASI) has officially announced the successful certification of Fujian Nanping Aluminum Co., LTD. against the ASI Chain of Custody (CoC) Standard V2 (2022). This achievement follows the company's Performance Standard Certification for the same facilities in...
China’s alumina spot price drops for the fourth day in a row, causing no hindrance to A00 aluminium ingot price growth
According to the Shanghai Metals Market survey, China’s average alumina spot price has dipped by RMB 1 per tonne on Thursday, March 14, marking the fourth consecutive day of fall. Thus, the price stands at RMB 3,321 per tonne, down by RMB 11 per tonne or 0.33 per cent week-on-week compared to RMB...
LME aluminium benchmark price moves up by US$10.5/t to US$2,224/t; SHFE price gains US$12/t
LME aluminium opened at US$2,261 per tonne on Wednesday, with its high and low at US$2,274.5 per tonne and US$2,254 per tonne, respectively, before closing at US$2,262.5 per tonne, down US$0.5 per tonne or 0.02 per cent. On Wednesday, March 13, both LME aluminium cash bid price and LME aluminium...
China’s aluminium ingots and billets inventory start trending down with increased outflows from warehouses
At the end of last week on March 7, China's domestic aluminium ingots and aluminium billets inventory showed a downtrend with the arrival of the traditional peak season. According to SMM, aluminium ingots inventory in China's eight major consumption areas stood at 821,000 tonnes, up 3,000 tonnes...
LME aluminium benchmark price drops to US$2,202/t; SHFE price moves up by US$14/t
LME aluminium opened at US$2,236 per tonne yesterday, with its high and low at US$2,260.5 per tonne and US$2,231.5 per tonne respectively before closing at US$2,252 per tonne, up by US$16 per tonne or 0.72 per cent. On Monday, March 11, both LME aluminium cash bid price and LME aluminium official...
China’s Feb'24 aluminium output falls 6.4% M-o-M on reduced production at downstream processing plants
According to the Shanghai Metals Market survey, China’s aluminium production in February 2024 (29 calendar days) stood at 3.333 million tonnes, up by 7.81 per cent year-on-year and down by 6.43 per cent month-on-month . Despite a drop in monthly production, the daily average output stood steady at...
Qingzhen City carries out energy efficiency & emission reduction initiatives for its aluminium industry
Qingzhen City recently upgraded its aluminium industry towards a sustainable and greener future. The city carried out three crucial initiatives, which helped the industry move towards a sustainable environment. The first step entails enhancing "energy efficiency and emission reduction" initiatives....
Chinalco Aluminum Foil bags the "Excellent Innovative Enterprise" award 2023
Chinalco Aluminum Foil and Longxi Aluminum Foil recently bagged the prestigious "Excellent Innovative Enterprise" title for 2023 in Dingxi City. A significant gathering was held on March 4th to boost the robust development of industry, science, and technology and the high-quality advancement of the...
Aluminium Futures on CME witness sharp rise in trading activity
Activity in the CME's aluminium contract has significantly intensified in recent months, marked by a volume surge and a widening participant base, as the world's most recognised news media agency reported. However, it remains relatively small compared to the London Metal Exchange (LME), which...
Downstream weekly recap: P.A. Resources Bhd identified as key growth prospect by Rakuten Trade
The downstream segment of the aluminium industry plays a crucial role in processing and utilizing aluminium, a versatile and lightweight metal highly esteemed for its wide applications. This sector serves vital roles in numerous automotive, aerospace, construction, packaging, and electrical...
China’s downstream aluminium companies operating rate reaches 60%, buoyed by production resumption post CNY
According to the Shanghai Metals Market, the operating rate of leading domestic aluminium downstream processing companies increased by 3.2 percentage points week-over-week to 60.2 per cent last week. However, annually, the operating rate fell by 2.8 percentage points. The W-o-W increase could be...
China’s A00 aluminium ingot price further builds up RMB110/t, marking 1.32% M-o-M growth
According to the Shanghai Metals Market survey, China’s domestic A00 aluminium ingot price has further increased by RMB 110 per tonne to close the week at RMB 19,160 per tonne as of March 8. That brings the aluminium ingot price to 1.05 per cent higher week-on-week than RMB 18,960 per tonne . On a...
In the race against time, China strengthens energy intensity goals
On March 8, 2024, China announced that it had established stricter energy intensity targets for 2024, following its failure to meet last year's goal. As the world's largest energy consumer, China is intensifying efforts to align with its climate objectives within the five-year plan concluding in...
US levies preliminary countervailing duties on aluminium extrusions from China, Indonesia, Mexico & Turkey
On Tuesday, March 5, the US Department of Commerce announced the implementation of preliminary countervailing duties on aluminium extrusion imports from China, Indonesia, Mexico, and Turkey, claiming to protect the business of domestic extrusion manufacturers. For each country, the Department of...
LME aluminium benchmark price drops US$4/t after an increase last day; SHFE price regains US$11/t
LME aluminum opened at US$2,226.50 per tonne on Wednesday, March 6, with high and low at US$2,243.50 per tonne and US$2,220 per tonne, respectively, before closing at US$2,223 per tonne, down US$5.5 per tonne or 0.25 per cent. On March 6, the LME aluminium cash bid price and LME aluminium official...
China’s A00 aluminium ingot price ascends by RMB110/t to RMB 19,050/t; Low carbon aluminium price hikes to RMB19,898/t
On Thursday, March 7, China’s A00 aluminium ingot price gained RMB 110 per tonne to settle at RMB 19,050 per tonne. The spot contract price is expected to be traded at a discount of RMB 60 to RMB 20 per tonne. The average prices may stand between RMB 19,030 per tonne and RMB 19,070 per tonne. On...
China-based Hengkang Aluminum bags the ‘Technological Transformation Award’ 2023
At the 2023 annual Advanced Collective and Outstanding Individual Recognition Conference held in the Shanzhou District of Sanmenxia City, Henan, Henkang Aluminum Co., LTD. (referred to as "Hengkang Aluminum") was honoured with the "Technological Transformation Award" and the "Tax Contribution...
