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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Alumina price in China dives RMB4/t today, with 0.49% W-o-W fall; A00 ingot price plunges RMB170/t
In China, the average alumina price has lost RMB 4 per tonne, closing at RMB 2,829 per tonne, while the price of alumina in Shandong has released RMB 10 per tonne, stopping at RMB 2,805 per tonne. In Henan and Shanxi, the alumina spot price has dipped by RMB 5 per tonne, resting at RMB 2,895 per...
China’s metallurgical grade alumina output drops 4% Y-o-Y in May’23 after a hike last month
According to the Shanghai Metals Market survey, metallurgical grade alumina production in China during May 2023 (31 calendar days) amounted to 6.682 million tonnes, up 2.17 per cent from 6.54 million tonnes in April (30 calendar days). But the average daily output decreased month-on-month from...
Alumina price in China slumps by RMB10/t; A00 aluminium ingot price dwindles by RMB80/t
On Monday, June 12, the average alumina spot price has descended by RMB 10 per tonne to reside at RMB 2,833 per tonne. The price in Henan has decreased by RMB 20 per tonne to peg at RMB 2,900 per tonne. In Shandong and Shanxi, the alumina price has fallen by RMB 10 per tonne to clock at RMB 2,815...
CMEC and GAMI to participate in Talco's modernization program
Following the latest aluminium industry updates, it has come to our attention that two esteemed Chinese corporations, namely China Machinery Engineering Corporation (CMEC) and Global Advanced Manufacturing Institute (GAMI), have pledged to participate in the renovation and reconstruction of (Talco)...
China eyes overseas alumina projects to access bauxite reserves
China's rising reliance on bauxite, the primary raw material for alumina production, has prompted the world's largest miner to seek alumina refineries worldwide, particularly emphasising crucial supplier Indonesia following an export embargo. According to analysts and AL Circle's industry-focused...
Yunnan Sunho Aluminium achieves dual ASI certifications for its Wenshan City smelting facility
Aluminium Stewardship Initiative (ASI) announced that the Wenshan City smelting facility of Yunnan Sunho Aluminium bagged the ASI Performance Standard V2 (2017) and Chain of Custody (CoC) Standard V1 (2017) Certifications at the same time. The factory has an annual output capacity of 900,000 tonnes...
China’s A00 aluminium ingot price registers a growth of RMB120/t W-o-W
On Thursday, June 8, China’s A00 aluminium ingot price has grown by RMB 140 per tonne to halt at RMB 18,520 per tonne, with the average prices expected to range between RMB 18,500 per tonne and RMB 18,540 per tonne. The spot contract price is expected to be traded at a discount price of RMB 20 to a...
LME benchmark aluminium price sheds US$3/t; SHFE aluminium gets 0.31% hike amidst higher US interest rates
LME aluminium opened at US$2,208 per tonne on Wednesday, with its high and low at US$2,233 per tonne and US$2,208 per tonne, respectively, before closing at US$2,213 per tonne, up US$7.5 per tonne or 0.34 per cent. Bank of Canada unexpectedly raised interest rates, anticipating US Fed's rate hike...
SHFE receives permission from Beijing to trade alumina futures
On Friday, June 2, the Shanghai Futures Exchange (SHFE) announced receiving alumina futures trading permission from Beijing after the Securities Regulatory Commission approved the plan. That makes the SHFE the first exchange on Earth to offer an alumina contract with physical delivery. Noting...
China’s A00 aluminium ingot price soars RMB100/t today, down RMB90/t or 0.49% M-o-M
The Shanghai Metal Market has witnessed an upward stroke of RMB 100 per tonne in the aluminium spot price, officially stopping at RMB 18,380 per tonne today, June 7. The average aluminium price trends are between RMB 18,360 per tonne and RMB 18,400 per tonne. The premium prices have circled around...
A00 aluminium ingot price in China declines by RMB130/t to RMB18,280/t
On Tuesday, June 6, China’s A00 aluminium ingot price has slumped by RMB 160 per tonne to settle at RMB 18,280 per tonne, with the spot contract price expected to be traded at a discount price of RMB 40 per tonne to a premium price of RMB 0 per tonne. The average price is expected to range between...
China’s aluminium billet inventories drop by 6,200 tonnes W-o-W to 135,100 tonnes
As of June 1, the domestic aluminium billet social inventory closed at 135,100 tonnes, down 6,200 tonnes from the previous week. Arrivals climbed dramatically, but transactions did not keep pace. A growing proportion of molten aluminium was into billets and other intermediate products. The current...
China’s domestic A00 aluminium ingot price declines over the weekend below RMB18500/t
A00 aluminium ingot price in China has decreased over the weekend ending Monday, June 5, following two consecutive hikes on June 1 and June 2. According to the Shanghai Metals Market data, the ingot price has slumped by RMB 160 per tonne to settle at RMB 18,410 per tonne but stands higher...
Shandong Nanshan Aluminium plant in Longkou to house a new cold rolling mill from Primetals Technologies
Shandong Nanshan Aluminium, a China-based aluminium company specialised in producing and distributing aluminium products, ordered a new cold rolling mill with Primetals Technologies in March 2023. The mill, featuring UCM technology, would be installed at Shandong’s aluminium plant in Longkou,...
China’s aluminium ingot inventory slumps 9.44% W-o-W due to heightened consumption, June 1
China’s aluminium ingot inventories descended week-on-week across the eight central consumption zones, including SHFE warrants, to halt at 595,000 tonnes as of Thursday, June 1, marked Shanghai Metals Market in the weekly aluminium inventory chart. The aluminium inventories tumbled 62,000 tonnes...
China’s A00 aluminium ingot price expands by RMB170/t; Alumina price loses RMB4/t
On Friday, June 2, the A00 aluminium ingot price in China has hiked by RMB 170 per tonne to settle at RMB 18,570 per tonne, with the average prices between RMB 18,550 per tonne and RMB 18,590 per tonne. The spot contract price is expected to be traded at a premium price of RMB o to RMB 40 per...
China’s A00 aluminium ingot price marks US$120/t accelerated growth; Alumina spot price bends by RMB3/t
The Shanghai Metal Market has seen RMB 120 per tonne augmentation in the aluminium spot price, stopping at RMB 18,400 per tonne today, June 1. The average aluminium price trends are between RMB 18,380 per tonne and RMB 18,420 per tonne. The premium prices have ranged around RMB 60 or 20 per tonne....
China’s A00 aluminium ingot price drops to RMB18,280/t; Alumina price inches down by RMB1/t
On Wednesday, May 31, China’s A00 aluminium ingot price has dropped by RMB 70 per tonne to close at RMB 18,280 per tonne, with the average prices estimated to range between RMB 18,260 per tonne and RMB 18,300 per tonne. The spot contract price is expected to be traded at a premium price of RMB 40...
