ADC12 consolidates on a strong note as costs rise and orders see marginal improvement
Aluminium scrap: This week, China's aluminium scrap market price centre edged up alongside primary aluminium. As of September 10, SMM A00 aluminium prices closed at RMB 24,560 per tonne, up RMB 210 per tonne from RMB 24,350 per tonne last Thursday. Domestic aluminium scrap prices followed with...
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...
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Taking the lead on the global market: China's top 10 aluminium profile manufacturers
The global aluminium market is a dynamic and expansive industry that plays a pivotal role in various sectors of the economy, including aerospace, automotive, construction, and packaging. China has emerged as a dominant player in this market due to its significant production capacity and strategic...
China’s Ping Aluminum earns its place among the Top 100 Private Enterprises in Guangxi, 2023
The 2023 Guangxi Top 100 Private Enterprises Press Conference was held in Nanning on September 5th. Guangxi Ping Aluminum Group ranked 15th in the "2023 Guangxi Top 100 Private Enterprises" and 11th in the "2023 Guangxi Top 100 Private Enterprises in Manufacturing Industry". Leaders such as Wang...
LME aluminium price gains US$21.5/t to US$2,158/t; SHFE price moves up to US$2,646/t
LME aluminium opened at US$2,193 per tonne on Wednesday, with its high and low at US$2,219.5 per tonne and US$2,186 per tonne, respectively, before closing at US$2,193 per tonne. On Wednesday, both LME aluminium cash bid price and LME aluminium official settlement price hiked by US$21.5 per tonne...
China’s domestic aluminium industry PMI records a fall of 1.5 percentage points but hovers above 50%
The Shanghai Metals Market survey found that in August 2023, the comprehensive PMI index of the domestic aluminium industry registered a fall of 1.5 percentage points M-o-M to 51.6 per cent, in line with the downtrend of production, demand, inventory and other indices. But despite the downfall, the...
Chinalco Henan Luoyang Aluminium Foil Co. obtained invention patent authorization
In August, Chinalco Henan Luoyang Aluminium Foil Co. submitted a patent application titled "A measuring device and method for assessing parallelism in a rolling mill roll system." The invention patent was granted authorisation after a thorough examination by China's State Intellectual Property...
Alumina spot price in China clocks M-o-M growth of RMB37/t; A00 aluminium ingot price gains RMB70
On Wednesday, September 6, the average alumina spot price in China gained RMB 7 per tonne, settling at RMB 2,933 per tonne. As per the Shanghai Metal Exchange (SMM) data, M-o-M, the alumina price had expanded by RMB 37 per tonne or 1.27 per cent from RMB 2,896 per tonne recorded on August 7. As of...
LME aluminium official price stands 6.72% Y-o-Y lower at US$2136.5/t; SHFE aluminium price descends by US$2/t
LME aluminium opened at US$2,238 per tonne on Monday, with its high and low at US$2,242 per tonne and US$2,195 per tonne, respectively, before closing at US$2,200.5 per tonne. On September 5, the LME aluminium live price chart experienced declining aluminium price trends, with the LME aluminium...
Key highlights from the global aluminium industry, August 2023
In August 2023, the global aluminium industry experienced some significant developments. Despite minor fluctuations, the LME aluminium price decreased slightly, while the SHFE price exhibited growth. Anticipations for the year's second half indicate an upswing in aluminium demand, with both...
SMM A00 aluminium ingot price plunges by RMB170/t to RMB19240/t; High-purity aluminium price sheds RMB200/t
The Shanghai Metals Market on September 5 experienced declining aluminium prices all over China, with the SMM A00 aluminium ingot price diving down by RMB 170 per tonne to officially close at RMB 19,240 per tonne. The average prices have circled between RMB 19,220 per tonne and RMB 19,260 per...
LME aluminium opens the week with a fall of US$34.5/t; SHFE price drops to US$2,642/t
LME aluminium opened at US$2,238 per tonne on Monday, with its high and low at US$2,242 per tonne and US$2,195 per tonne, respectively, before closing at US$2,200.5 per tonne. On Monday, September 4, the London Metal Exchange (LME) opened the week with a fall of US$34.5 per tonne or 1.58 and 1.57...
China’s aluminium billet inventories trend up over the weekend to 80,000 tonnes, contributed by Foshan
According to the Shanghai Metals Market data, 6063 aluminium billet inventories across China's five major consumption areas are recorded at 80,000 tonnes as of Monday, September 4, experiencing an increase of 10,400 tonnes or 14.94 per cent over the weekend. On a week-on-week basis, the inventories...
LME aluminium benchmark price rallies up for four days to US$2184/t; SHFE aluminium price eliminates US$2/t
LME aluminium opened at US$2,206 per tonne on Friday, with its high and low at US$2,260 per tonne and US$2,206 per tonne, respectively, before closing at US$2,237 per tonne. The LME aluminium live price chart on September 1 witnessed growing aluminium prices, with the LME aluminium cash bid price...
Primary weekly recap: EGA marks competitive performance in H1 2023 amidst moderate market conditions
The primary sector of the aluminium industry is witnessing many new and significant events. To begin with, Emirates Global Aluminium (EGA), the world's largest producer of premium aluminium and the largest industrial firm in the UAE, recorded a competitive financial performance in H1 2023. Despite...
China’s Zouping Hongfa Aluminum officially secures the QES re-certification audit
Zouping Hongfa Aluminum Technology Co., Ltd. recently underwent a successful external re-certification audit of its quality, environment, and occupational health and safety management systems. The audit team, consisting of experts, reviewed the company's system operation and made recommendations....
SMM A00 aluminium ingot price levitates by RMB450/t, with incredible Y-o-Y growth; Average alumina spot price in Shandong gains RMB10/t
On September 1, today, the Shanghai Metals Market has witnessed enormous growth in aluminium prices all over China, with the SMM A00 aluminium ingot price augmenting by RMB 450 per tonne to officially close at RMB 19,610 per tonne. The average prices have ranged between RMB 19,590 per tonne and RMB...
LME aluminium price gains US$25/t to US$2,165.5/t; SHFE price expands by US$41/t
LME aluminium opened at US$2,201.5 per tonne on Wednesday, with its high and low at US$2,229 per tonne and US$2,199.5 per tonne, respectively, before closing at US$2,201 per tonne, a slight decrease of US$0.5 per tonne or 0.02 per cent from the previous trading day. On Thursday, August 31, both LME...
Shandong Weiqiao Entrepreneurship Group unveils groundbreaking technology in the global aluminium electrolysis field
The aluminium industry has hailed energy saving, carbon reduction, life extension and environmental protection as a new iterative technology in the world aluminium electrolysis sector. The "Project Development and Application of Copper-Carbon Composite Cathode Technology Integrated with Aluminium...
LME aluminium live price chart catalogues US$24/t spike on August 30; SHFE aluminium price soars by US$41/t
LME aluminium opened at US$2,172.50 per tonne on Wednesday, with its high and low at US$2,207 per tonne and US$2,164.5 per tonne, respectively, before closing at US$2,201.50 per tonne, an increase of US$33 per tonne or 1.52 per cent from the previous trading day. The LME aluminium live price chart...
