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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World alumina production in July’23 grows above 12 MT, with daily output improving by 1%
In July 2023, the world alumina production saw a month-on-month rise of 4.32 per cent to reach 12.179 million tonnes, found the International Aluminium Institute (IAI). The growth occurred in July 2023 after a monthly fall in June by 1.96 per cent from 11.908 million tonnes to 11.675 million...
China’s SMM A00 aluminium ingot price displays 3.76% Q-o-Q hike; High purity aluminium price gains RMB100/t
Today, on August 30, the Shanghai Metals Market has recorded heightening prices, with the SMM A00 aluminium ingot price increasing by RMB 130 per tonne to officially close at RMB 19,040 per tonne. The average prices have ranged between RMB 19,020 per tonne and RMB 19,060 per tonne. If we consider...
Beijing's offshore swaps with state banks to boost yuan but fails to strengthen aluminium prices
On August 28, aluminium prices subsided by 0.18 per cent to RMB 198.10, though Beijing attempted to strengthen the currency by swapping state-owned banks in offshore markets. This move aimed to extract yuan and increase the cost of shorting the currency. The People's Bank of China (PBOC) reduced...
Chinese EV maker turns to Lizhong for aluminium alloy wheels worth US$240 million
Lizhong Sitong Light Alloys Group has bagged a contract worth US$ 240 million (RMB 1.8 billion), under which it becomes the authentic supplier of aluminium alloy wheels for a leading Chinese electric car company's latest model. Lizhong unit Baoding Lizhong Wheel has been entrusted with the...
China’s A00 aluminium ingot price soars by RMB560/t M-o-M; Low carbon aluminium price gains RMB25/t
The Shanghai Metals Market (SMM) on Tuesday, August 29, recorded a growth of RMB 10 per tonne in A00 aluminium ingot price. The price as of today closed at RMB 18,910 per tonne, with the spot contract prices expected to be traded at a premium price of RMB 160 per tonne and RMB 200 per tonne. The...
Bintulu Port expects a better second half due to increased LNG shipments and shunned Russian aluminium
Bintulu Port Holdings Bhd's (Bintulu Port) operations are expected to perform better in the second half of the year, according to analysts, despite its first-half results falling short of the full-year consensus estimate. Kenanga Research believes that the results are in line with expectations and...
China’s export, import volume of primary aluminium reflect stupendous growth rate Y-o-Y
In July 2023, China's primary aluminium exports reached 22,700 tonnes, climbing 200 per cent year-on-year. But the country's total exports in the year's first seven months reflected a fall of 56 per cent to 80,300 tonnes. China's pre-baked anode exports dipped by 0.42 per cent M-o-M and dwindled by...
China’s average alumina price sheds RMB1/t; SMM A00 aluminium ingot price logs RMB70/t increase
The average alumina spot price has dropped RMB 1 per tonne, stopping at RMB 2,912 per tonne, while the alumina price in Shanxi has lost RMB 5 per tonne to clock at RMB 2,925 per tonne. The alumina price in Guangxi has gained RMB 10 per tonne, closing at RMB 2,915 per tonne, and the alumina price in...
Downstream weekly recap: The global aluminium foil market is poised for strong growth; The US witnessed a continuous rise in aluminium imports
The downstream aluminium sector witnessed various events in the week started from August 21, 2023. The global aluminium foil market is expected to grow from $26.3B in 2022 to $42.3B in 2032 due to its effective packaging properties. The US witnessed a continuous rise in aluminium imports, reaching...
Chalco Qinghai achieves the first national certification for 'Green Power Aluminium’
The initial roster of Chinese enterprises awarded the "Green Electricity Aluminium Product Evaluation Certificate" and "Green Electricity Aluminium Procurement Certificate" was disclosed on July 4 th , 2023. Among the pioneers, Chalco Qinghai Branch secured its position as one of the premier ten...
China’s specialised aluminium alloy bar & ingot manufacturer Kunshan Chaoqun Metal Products Co. joins ASI
The Aluminium Stewardship Initiative has announced the joining of Kunshan Chaoqun Metal Products Co., as a New Production and Transformation member. Located in Zhangpu Town, Kunshan City, between Shanghai and Suzhou, the company specialises in producing 36 specifications of deformed aluminium alloy...
China’s A00 aluminium ingot price grows by RMB20/t to RMB18,830/t; Low carbon aluminium price drops by RMB26/t
The Shanghai Metals Market (SMM) on Friday, August 25, reported that China's A00 aluminium ingot price has gained RMB20 per tonne to score at RMB 18,830 per tonne, with the average prices standing between RMB 18,810 per tonne and RMB 18,850 per tonne. The spot contract price is expected to be...
CHALIECO reports loss for H1 2023
China Aluminium International Engineering (CHALIECO) reported a net loss of RMB 831 million attributed to shareholders during the initial half of 2023. This starkly contrasts with a profit of RMB 124 million documented in the same period the previous year. Notably, increased charges for asset...
North China Aluminium's Prevention & Rescue HQ aids flood-affected Hebei province
China’s Beijing, Tianjin and the Hebei region has endured significant rains since July 29 due to typhoon "Dusuri." In this respect, the Prevention and Rescue Headquarters of Minmetals Nonferrous North China Aluminium Co., Ltd. (hereafter referred to as North China Aluminium) reacted fast, "a game...
China-based Runhua Aluminum joins world’s first aluminium B2B platform AL CircleBiz
Runhua Aluminum is a high-tech private firm known for manufacturing aluminium alloy seamless tubes, cold-drawn rods, grinding bars, and industrial profiles has been successfully registered by AL CircleBiz. The firm is also known for producing heat dissipation profiles, further processing of...
H1 2023: Chinalco Guangxi marks 4.12% rise in usual bauxite production with greener operational means
During the first half of this year, Chinalco Guangxi crossed its output plan, with production levels of bauxite and alumina surpassing the original estimation by 4.12 per cent and 2.32 per cent, respectively. Additionally, the accumulated net operating cash flow exceeded the budget by RMB 200...
China’s A00 aluminium ingot price grows to RMB18,860/t; Low carbon aluminium price marks M-o-M surge of RMB466/t
On August 23, China’s A00 aluminium ingot price gained RMB 170 per tonne to close at RMB 18,860 per tonne, with the average prices expected to range between RMB 18,840 per tonne and RMB 18,880 per tonne. The spot contract price may be traded at a premium price of RMB 130 to RMB 170 per tonne. The...
LME official aluminium price rallies US$53/t upwards; SHFE aluminium price grows 1.7% W-o-W
LME aluminium prices closed at US$2181 per tonne overnight, an increase of US$35.5 per tonne or 1.65 per cent. The London Metal Exchange on August 22 marked escalating aluminium prices, with the LME aluminium cash bid price and the LME aluminium official settlement price uniformly releasing US$53...
