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 A00 aluminium ingot price expands to RMB18,880/t; Low carbon aluminium price gains RMB227/t
On Wednesday, February 21, China’s A00 aluminium ingot price gained RMB 210 per tonne to settle at RMB 18,880 per tonne, with the average prices between RMB 18,860 per tonne and RMB 18,900 per tonne. The spot contract price may be traded at a discount price of RMB 40 to a premium price of RMB 0 per...
China witnessed a substantial uptick in primary aluminium imports in 2023
In 2023, domestic primary aluminium prices continued to surge, driven by a trend of robust internal demand contrasted with relatively weaker external markets. This dynamic opened a window for increased imports of primary aluminium, resulting in a significant uptick in annual import volumes....
SMM A00 aluminium ingot price registers RMB90/t drop post-CNY Holiday; Low carbon aluminium price contracts by RMB80/t
On Monday, February 19, China’s A00 aluminium ingot price dropped by RMB 90 per tonne to arrive at RMB 18,820 per tonne, with the average prices between RMB 18,800 per tonne and RMB 18,840 per tonne. The spot contract prices may be traded at a premium price of RMB 0 to RMB 40 per tonne. As per the...
LME aluminium price dips by $2/t but stands 1% higher M-o-M; SHFE market resumes after CNY with a 0.5% price fall
LME aluminium opened at US$2,220 per tonne last Friday, with its high and low at US$2,238 per tonne and US$2,214 per tonne, respectively, before closing at US$2,217.35 per tonne, down by US$6.50 per tonne or 0.29 per cent. On Friday, February 16, LME aluminium cash bid price and LME aluminium...
LME aluminium market registers mild upswings Mid-February, gains 1.12% W-o-W; SHFE aluminium closed for CNY Holidays
Around mid-February, the LME aluminium price chart seems to be picking up pace, with the LME cash bid price stopping at US$2,204.50 per tonne on the 15th and the LME official settlement price registering a rate of US$2,205 per tonne, both gaining US$11.50 per tonne or 0.52 per cent. If we compare...
LME benchmark aluminium price soars by 0.34%; SHFE aluminium market stays closed for CNY Holidays
On February 12, the LME aluminium cash bid price and LME aluminium official price halted at US$2,187 per tonne and US$2,188 per tonne, with a uniform surplus of US$7.50 per tonne or 0.34 per cent. The 3-month bid price stood at US$2,214 per tonne, gaining US$2 per tonne or 0.09 per cent, while the...
LME aluminium benchmark price shrinks by US$40.5/t; SHFE market is closed for the CNY holiday
On Friday, February 9, LME aluminium cash bid price and LME aluminium official settlement price stood at US$2,179.50 per tonne and US$2,180.50 per tonne, respectively. The latter showcased a sharp fall of US$40.50 per tonne. As per the LME data, 3-month bid price and 3-month offer price settled at...
LME aluminium benchmark price hikes by US$25.5/t to US$2,221/t; SHFE market is closed for Chinese New Year
On Thursday, February 8, LME aluminium official settlement price hiked by US$25.50 per tonne to settle at US$2,221 per tonne. As per the LME data, both 3-month bid price and 3-month offer price grew by US$9 per tonne or 0.40 per cent and US$8 per tonne or 0.35 per cent to clock at US$2,237 per...
A Chinese firm plans to enter into bauxite purchase & sale contracts with Alcoa World Alumina and Shanxi Aokaida Chemical
A report revealed on Tuesday, February 6, that Shanghai Ace Investment & Development Co., Ltd., a China-based company engaged in supply chain logistics and supply chain implementation of the trading business, mulls over signing bauxite purchase and sale contracts with Alcoa World Alumina LLC and...
China’s A00 aluminium ingot price falls by RMB10/t to RMB18,910/t; Australian alumina FOB price slips by US$6/t
China’s A00 aluminium ingot price has descended by RMB 10 per tonne to settle at RMB 18,910 per tonne as of Thursday, February 8. As per the SMM data, the prices have fallen in all the provinces. To begin with, the prices in Foshan and Gongyi have fallen by RMB 50 per tonne and RMB 10 per tonne to...
China’s Guiyang Institute and Changsha Institute forge strategic partnership for industry advancement
Guiyang Institute and Changsha Nonferrous Metallurgy Design and Research Institute Co., LTD., both esteemed members of Chinalco International, recently inked a strategic cooperation agreement. This historic collaboration, marked by a formal signing ceremony, underscores the deep-rooted tradition of...
China sets strict guidelines for carbon emissions trading
Chinese Premier Li Qiang has issued a decree from the State Council marking the introduction of regulations for trading carbon emissions. This announcement comes from an official statement by China's cabinet on February 4, 2024. Set to take effect on May 1, 2024, these regulations aim to lay down a...
Three subsidiaries of Nanhai Aluminum bag the National High tech Enterprises recognition for 2023
China-based Nanhai Aluminum Application Technology Group and three of its subsidiaries have been recognised as the 'National High Tech Enterprises' for 2023. Among these, subsidiaries of Nanhai Aluminum Application Technology Group, namely Guangdong Nanaluminum Construction Formwork Technology Co.,...
Chinese economy indicates a slowdown for Asia-Pacific's metal exporters
The aftermath of Evergrande's collapse has sparked worries about China's property market, potentially leading to reduced demand for raw materials from the region's top metal producer and putting pressure on suppliers throughout the Asia-Pacific region. The Evergrande Group Evergrande Group,...
ASI grants Provisional Performance Standard Certification to Zhengzhou Guangdong Aluminum for sheet & coil production
On Tuesday, February 6, the Aluminium Stewardship Initiative announced that it issued a Provisional Performance Standard V2 certification to Zhengzhou Guandong Aluminum Industry Co. Ltd. for the production of aluminium sheet and coil at its Gongyi Guandong Metal Technology Co., Ltd. facility in...
China’s SMM A00 aluminium ingot price soars by RMB150/t but down 0.42% Y-o-Y; High purity aluminium adds RMB200/t
Today, on February 7, the SMM A00 aluminium ingot price has jumped up the graph by RMB 150 per tonne to close at RMB 18,920 per tonne, with the average prices ranging between RMB 18,900 per tonne and RMB 18,940 per tonne. If we consider the SMM A00 aluminium ingot price on January 31, there can be...
Henan Mingtai Aluminium launches into 2024 with remarkable sales growth
In a disclosure on February 6, 2024, China's Henan Mingtai Aluminium Industrial reported the sale of 106,800 tonnes of aluminium plates along with foil in January. In the same month, the aluminium sheet manufacturer from China produced a total of 110,800 tonnes of the material. Established in 1997...
China’s primary aluminium production begins 2024 with a 4.2% Y-o-Y growth, in line with SMM estimation
According to the Shanghai Metals Market survey, China’s domestic primary aluminium production welcomed the year in January 2024 (31 days) with a month-on-month restraint at 3.562 million tonnes, with the average daily output at 114,900 tonnes, the same as the previous month. On a year-on-year...
