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
LME aluminium price dives by 0.53% on Thursday, down 17.3% in twelve months; SHFE aluminium gains US$14/t
LME aluminium opened at US$2237 per tonne yesterday, with its high and low at US$2248 per tonne and US$2222 per tonne, respectively, before closing at US$2248 per tonne, up 0.11 per cent. On December 21, the LME aluminium live price chart showed descending price trends. The LME aluminium cash bid...
China’s average alumina spot price grows by RMB6/t to RMB3,004/t; A00 aluminium ingot price expands by RMB160/t
On Friday, December 22, China's average alumina spot price increased by RMB 6 per tonne after remaining unchanged since December 19. As per the data, the alumina price as of today has clocked at RMB 3,004 per tonne, followed by a growth of RMB 10 per tonne in Shandong and Shanxi to close at RMB...
China’s aluminium billet inventories close this week at 21% lower: SMM
According to the Shanghai Metals Market data, aluminium billet inventories in China have recorded a plunge of 17,300 tonnes or 21.05 per cent week-on-week across the five major Chinese consumption areas. Thus, the inventories have come in at 64,900 tonnes on December 21 compared to 82,200 tonnes on...
Henan Zhongzhou Aluminium honored with the Pilot Enterprise of Industrial Wastewater Recycling Award 2023
Henan Zhongzhou Aluminium, one of the prominent manufacturers of aluminium alloy plates and coils in Series 1xxx, Series 3xxx, and Series 5xxx, was honoured with the pilot enterprise of industrial wastewater recycling 2023 in Henan Province. The China-based company is the only aluminium-related...
IAI finds world primary aluminium output at 64.5 Mt during Jan-Nov’23; AL Circle projects 70.01 Mt by year-end
The latest data from the International Aluminium Institute indicates a 2.21 per cent rise in the world’s year-to-date primary aluminium production to 64.516 million tonnes at the end of November 2023. During the same period last year, the world’s primary aluminium output was at 63.119 million...
LME set to expand portfolio with new metals contracts linked to SHFE prices: Industry sources
The London Metal Exchange (LME) reportedly intends to introduce new metal contracts utilising prices from the Shanghai Futures Exchange (SHFE), according to three sources within the industry, as reported by Reuters. This move is anticipated to amplify China's impact on global metals markets....
SMM A00 aluminium ingot price surges by 7.12% in one year; Low-carbon aluminium price loses RMB45/t
On December 21, the SMM aluminium price chart showed a linear growth, with the SMM aluminium price discarding RMB 20 per tonne to arrive at a rate of RMB 18,960 per tonne. The average prices have ranged between RMB 18,940 per tonne and RMB 18,980 per tonne. Comparison of price points If we take the...
Yunnan Wenshan Aluminium secures its place in the "2023 Intelligent Manufacturing Demonstration Factory" list
The 2023 smart manufacturing demonstration factory has recently unveiled its list of units and scenes. Yunnan Wenshan Aluminium Green Aluminium Intelligent Manufacturing Demonstration Factory, recommended by Chinalco Group, has made it to the list. The factory is the only intelligent manufacturing...
First phase of Shandong Hongcan Material’s RMB1.7 billion aluminium die-casting project put into operation
China-based Shandong Hongcan Material Technology initiated the first production stage for its large-scale, lightweight, integrated aluminium die-casting project. With a total investment of RMB 1.7 billion and a capacity to produce 3 million pieces annually of 8 different kinds of precision...
China-based Yunnan Aluminium bags three more national-level green factory recognition
Yunnan Aluminium Corporation has added three more national-level green factory recognitions to its resume. The accomplishment of this honour is a complete examination of the energy utilisation efficiency, energy resource utilisation, and product energy consumption level of the company's connected...
SMM A00 aluminium price grows by RMB40/t to RMB 18,980/t; Aluminium powder price adds RMB0.1/kg
On Wednesday, December 20, the A00 aluminium ingot price in China has grown by RMB 40 per tonne to clock at RMB 18,980 per tonne, with average prices between RMB 18,960 per tonne and RMB 19,000 per tonne. The spot contract price may be traded at a discount price of RMB 10 per tonne to a premium...
Huajian Aluminium is recognised as the “2023 National Intellectual Property Advantage Enterprise"
The State Intellectual Property Office has recently issued a notice declaring the identification of a brand new round of national intellectual property demonstration enterprises and advantageous enterprises for the year 2023. As per the review process conducted, Huajian Aluminium has been...
Second phase of Xinshen Aluminium’s RMB200 million project launched successfully
The Xinshen Aluminium Technology lightweight phase II project commenced operations on December 8. The total investment for the completion and operation of the project amounts to approximately RMB 200 million. This includes implementing three intelligent production lines, which consist of...
Economic headwinds: China's Golden World Innovation Aluminium cease production, implements employee support program
Due to the ongoing persistent real estate crisis, a privately operated aluminium producer, Golden World Innovation Aluminium, located in Guangdong, the southern manufacturing hub of China, has compelled its employees to undergo a five-month leave with reduced salaries. This situation brings...
China’s average alumina price gains RMB1/t over one month; Low-carbon aluminium price rises 2.9% in eight days
China’s averaged alumina spot price has jumped up by RMB 1 per tonne to close at RMB 2,998 per tonne, while the alumina price in Shanxi has levitated by RMB 5 per tonne to officially stop at RMB 3,010 per tonne. On November 20, the alumina spot price was exactly the same. The bauxite...
China’s Qingxin Carbon gets anointed as a "high-tech enterprise" after qualifying tests
Qingxin Carbon has achieved recognition as a "high-tech enterprise" in the autonomous region and has been registered after passing the assessment on December 5 this year. It's worth noting that high-tech enterprises are widely recognized as the leading benchmark for evaluating a company's...
LME benchmark aluminium price surges by US$59/t; SHFE stays stoic at US$2649/t marked last week
On December 15, last week, the LME aluminium live price chart, showed measurable surge in aluminium prices, with the LME aluminium cash bid price and the LME aluminium official price increasing by US$59.50 per tonne or 2.78 per cent and US$59 per tonne or2.76 per cent to officially close at...
China’s A00 aluminium ingot price registers a W-o-W hike of RMB520/t; Input costs expand over weekend
According to the Shanghai Metals Market survey, A00 aluminium ingot price has increased over the weekend for the fifth day in a row by RMB 130 per tonne to reach RMB 18,900 per tonne on December 18. Thus, on a week-on-week basis, China’s primary aluminium ingot price has hiked by RMB 520 per tonne...
