Aluminium fluoride prices rise on cost support; premium for high-grade supply widens
This week, trading sentiment in China's aluminium fluoride enterprises was moderate, and aluminium fluoride prices continued to rise. As of now, SMM mainstream quotations for aluminium fluoride stand at RMB 11,500-12,300 per tonne; cryolite spot prices firmed, with SMM cryolite quotations at RMB...
South China aluminium premiums hit year-to-date high on rising southwest conversion rates, scarce ingot supply
In recent weeks, the domestic spot aluminium ingot market has exhibited notable regional divergence. While basis levels in East China and the Central Plains have remained relatively stable, the South China market has seen its aluminium ingot basis strengthen independently to a year-to-date high....
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SMM A00 ingot price gains RMB90/t W-o-W to reach RMB19170/t today; Low-carbon aluminium price adds RMB55/t
The Shanghai Metals Market, on November 7 witnessed an overall spike in aluminium prices, with the SMM A00 aluminium ingot price adding RMB 50 per tonne to close at RMB 19,170 per tonne. The average aluminium prices have circulated between RMB 19,150 per tonne and RMB 19,190 per tonne. If we...
PMI of the Chinese downstream aluminium industry stands below 50% due to frail demand and poor production rate
China’s aluminium processing industry has reported a 9.1 per cent decline in the Purchasing Managers’ Index (PMI) for October 2023. Shanghai Metals Market survey found that the PMI for China’s aluminium processing industry stood at 47 per cent. SMM data also found that the downstream aluminium...
China’s A00 aluminium ingot price opens the week with a drop of RMB50/t; Low carbon aluminium price loses RMB73/t
On Monday, November 6, China’s A00 aluminium ingot price dropped by RMB 50 per tonne to clock at RMB 19,120 per tonne, with the average prices between RMB 19,100 per tonne and RMB 19,140 per tonne. The spot contract price may be traded at a discount price of RMB 90 to RMB 50 per tonne. The domestic...
Downstream weekly recap: Revenue declines for Chinese aluminium companies in Q3 2023; Aluminium's positive impact on Cryptocurrency mining
The downstream sector plays a crucial role in the aluminium industry's profitability and overall contribution to the global economy, and as a result, it is regarded as the most important in the aluminium industry because it adds significant value to the raw aluminium produced in the upstream stage....
Primary aluminium recap: Yunnan province begins 1.5 MT output cut; Indian aluminium companies reduce product prices by INR3000/t
The primary aluminium industry, which is considered to be an epicentre of the aluminium value chain, is always spotted with crucial occurrences. This week was no exception, and the most vital event was the commencement of productions at aluminium smelters in Yunnan. This phenomenon is expected to...
MQP makes a six-figure investment in its plant to increase aluminium grain refiner production by 20%
Aluminium grain refiner specialist MQP has increased the production capacity of its high-efficiency Optifine range by 20% through a six-figure investment at its manufacturing plant. The Solihull-based company has installed a new production line at the plant in Baoding, China, increasing the output...
Hesheng Shares bags the 2023 Guangdong Top 500 Enterprises award for the second time
Guangdong Enterprise Federation and Guangdong Entrepreneurs Association recently announced the "2023 Guangdong Top 500 Enterprises" list, and Hesheng Shares was honoured for the second year in a row. Hesheng, a technology-driven firm specialising in integrating new materials and new energy, has...
SMM A00 aluminium ingot price surges RMB920/t Y-o-Y with RMB20/t slump today; Low-carbon aluminium price sheds RMB16/t
On November 3, the Shanghai Metals Market experienced mixed aluminium price trends, with the SMM A00 aluminium ingot price negating RMB 20 per tonne to close at RMB 19,170 per tonne. The average aluminium prices have circulated between RMB 19,150 per tonne and RMB 19,190 per tonne. If we consider...
LME aluminium benchmark price drops to US$2,218/t; SHFE price loses US$7/t to US$2,628/t
LME aluminium opened at US$2244.5 per tonne on Thursday, with its low and high at US$2224.5 per tonne and US$2251.5 per tonne, respectively, before closing at US$2232 per tonne, down 0.47 per cent. On Thursday, November 2, both LME aluminium cash bid price and LME aluminium official settlement...
Overview of the Chinese aluminium market in Oct '23: Demand deficit took a toll on metal prices and companies' earnings
In October 2023, China encountered an assorted journey in terms of price movement across the aluminium value chain. Being obligated to the unenthusiastic demand among downstream sector, China’s domestic primary aluminium ingot price continued to fall in the said month. On the other hand, the...
Guizhou Gui Aluminium New Materials announces completion of its rolling mill ribbon project
On October 26th, Guizhou Gui Aluminium New Materials organised an event to commemorate the completion of their 5# rolling mill ribbon project, a part of their aluminium foil project with an annual production capacity of 30,000 tonnes. The event also included the delivery of the first order. The...
SMM aluminium ingot price grows by RMB 50/t due to ongoing production cuts in Yunnan
China’s A00 aluminium ingot price experienced a growth of RMB 50 per tonne on Thursday, November 2, to clock at RMB 19,190 per tonne. The prices have expanded in all the provinces. One of the main reasons for the price hike can be attributed to a significant development in China’s aluminium...
Primary aluminium production cut at Yunnan begins for this year's dry season
According to a report on Wednesday, November 1, aluminium smelters in southwestern Yunnan province, China have started cutting production as the dry season sets in. A smelter manager and two analysts have posted that smelters have begun the process of production cut of a total of 1.5 million tonnes...
Chinese aluminium companies post revenue drop for Q3 2023 on impaired sales prices for demand deficit
On the eve of October 27, a few leading Chinese aluminium companies announced their third-quarter results, revealing a year-on-year drop in revenues and net profits. For instance, Shandong Nanshan Aluminium earned RMB 21.69 billion in revenue in the first three quarters of 2023, down by 18.24 per...
Huaxing Aluminum’s improvements in energy power systems result in enhanced work efficiency
The energy power control system update of Huaxing Aluminum's electrolytic aluminium production department has been completed and successfully placed into operation, marking a significant milestone in their operational experience. The automated control system update project is near the plant's...
Key trending news from the global aluminium industry, October 2023
The year 2023 looked positive regarding worldwide aluminium demand, but high inflation and a continuous threat of recession acted as a grinch, at least during H1, 2023. As per BMI, a research agency under Fitch Solutions, the commodity-intensive industries in Mainland China have had a sluggish...
Dry season ahead in China is likely to result in aluminium production cut by up to 40% of capacity
According to the Shanghai Metals Market report on Tuesday, October 31, Chinese aluminium smelters in Yunnan province are mulling over cutting production in the coming months during the dry season due to reduced hydropower availability. In recent times, many Chinese aluminium smelters have shifted...
China’s aluminium billet inventories fell by 5,900 tonnes on Monday due to heavy shipments
According to the Shanghai Metals Market survey, China’s social inventories of aluminium billets have marked a decline of 5,900 tonnes over the weekend, standing at 107,700 tonnes as of Monday, October 30. On a week-on-week basis, the inventories have recorded a fall of 7,200 tonnes from 114,900...
