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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LME benchmark aluminium price loses US$12/t after Spring Bank Holiday; SHFE descends by US$10/t
LME aluminium closed at US$2,228 per tonne, a drop of US$7.5 per tonne or 0.67 per cent. On May 30, Tuesday, the LME aluminium cash bid price and the LME aluminium official settlement price halted at US$2,229.50 per tonne and US$2,230 per tonne, diving US$11.50 per tonne or 0.51 per cent and US$12...
World alumina output in April’23 drops 2.5% Y-o-Y despite the production rise in China
According to the International Aluminium Institute, world alumina production during April 2023 edged a fall of 3.32 per cent month-on-month to stand at 11.235 million tonnes. In March, the output stood at 11.621 million tonnes, reflecting a hike of 12.48 per cent from 10.331 million tonnes in...
LONGi unveils TOPCon solar panel with anodized aluminium frame at SNEC expo
LONGi Green Energy Technology Co. Ltd. (LONGi Group), a Chinese solar module manufacturer, revealed its new Hi-Mo 7 PV module for large-scale and C&I applications at the SNEC expo in Shanghai, China. The device has a 2.0 mm dual glass thickness, an anodised aluminium frame, and an IP68...
China’s aluminium ingot inventory tanks 49,000 tonnes W-o-W despite relatively lower output
As per Shanghai Metals Market, China’s social inventories of aluminium ingot kept shrinking week-on-week across the eight major consumption areas, including SHFE warrants, to halt at 657,000 tonnes as of Thursday, May 25. The aluminium inventories dropped 1,000 tonnes more than the previous week...
Aluminium billet inventories in China fall by 20,700 tonnes W-o-W to 141,300 tonnes
On May 25, aluminium billet inventory in China closed at 141,300 tonnes, dropping 20,700 tonnes W-o-W. This year, smelters increased their percentage of non-ingot production. After a period of building after the Labour Day vacation, aluminium billet inventory has begun to decline. After a period of...
Top 5 countries driving the growth of the United States’ aluminium scrap exports
The growing demand for recycled aluminium for making beverage cans and other packaging to achieve sustainability has led to a significant rise in the United States aluminium scrap exports to different parts of the world. According to the last data revealed by US Census Bureau, the United States’...
ASI enlists Ye Chiu Metal Smelting as its new Production and Transformation member
Aluminium Stewardship Initiative (ASI) has enlisted Ye Chiu Metal Smelting (Ye Chiu Group) as its new Production and Transformation member. Ye Chiu, a contemporary group company with a presence in Asia and America, is constantly dedicated to achieving its goal of industry globalisation. Apart from...
China’s A00 aluminium ingot price registers a W-o-W decline of RMB 490/t; Alumina price inches down by RMB1/t
On Thursday, May 25, China's A00 aluminium ingot price has grown by RMB 20 per tonne to stand at RMB 18,110 per tonne. W-o-W, a decline of RMB 490 per tonne was registered from RMB 18,600 per tonne recorded last May 18. Today, the average prices are expected to range between RMB 18,090 per tonne...
World primary aluminium production dips 3% M-o-M in April'23, with muted daily output
According to the International Aluminium Institute, world primary aluminium production amounted to 5.628 million tonnes in April 2023, reflecting a fall of 3.18 per cent month-on-month from 5.813 million tonnes. The output in March recorded an increase of 10.03 per cent month-on-month from 5.283...
China’s A00 aluminium ingot price subsides by RMB270/t and alumina price plunges RMB4/t
The Shanghai Metal Market has recorded a decline of RMB 270 per tonne in the aluminium spot price, finally settling down at RMB 18,090 per tonne today, May 24. The average aluminium price trends are between RMB 18,070 per tonne and RMB 18,110 per tonne. The premium prices have ranged around RMB 160...
China’s aluminium semis operating rates tumbled in April despite the peak season
According to the Shanghai Metals Market data, the average operating rate of China’s aluminium plate/sheet, strip and foil producers fell in April by 1.68 percentage points month-on-month to stand at 67.69 per cent. Large, medium, and small enterprises' operating rates were 72.88 per cent, 39.53 per...
China’s A00 aluminium ingot price suffers RMB170/t loss with low carbon aluminium price sliding down RMB189/t
The Shanghai Metal Market has reported a descent of RMB 170 per tonne in the aluminium spot price, finally settling down at RMB 18,370 per tonne today, May 22. The average aluminium price trends are between RMB 18,350 per tonne and RMB 18,390 per tonne. The premium prices have ranged around RMB 170...
Primary aluminium weekly: Uniprom KAP closed down aluminium smelter, while Shandong Nanshan plans to build aluminium smelter in Indonesia
Uniprom has closed the last 12 electrolysis cells at KAP in Montenegro, ending 52 years of aluminium production. The plant will continue producing logs and alloys by importing metal. It has been reported that Shandong Nanshan of China plans to transform its Indonesian alumina refinery site into a...
China’s aluminium ingot inventories nosedive 81,000 W-o-W despite lower downstream demand
As it was predicted by the Shanghai Metals Market last week, China’s social inventories of aluminium ingot tanked by a massive 81,000 tonnes week-on-week across the eight major consumption areas, including SHFE warrants, to halt at 706,000 tonnes as of Thursday, May 18. It is a good sign that the...
Power rationing hit China's primary aluminium production by 1.24% in April, dipping MoM
On May 16, the National Bureau of Statistics of China's data revealed that China's primary aluminium output in April 2023 declined by 1.2 per cent when analyzed with March 2023 due to an energy restriction policy in southwest China that restrained aluminium production. The National Bureau of...
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ASI offers Chain of Custody Standard V2 (2022) certification to Novelis’ rolling facility in Jiangsu
Aluminium Stewardship Initiative has reportedly certified Novelis Aluminium (Zhenjiang) Co., Ltd against Chain of Custody (CoC) Standard V2 (2022) Certification. Novelis has received recognition for its rolling facility in the Jingkou Industrial Zone, Jiangsu Province, China. Novelis Jiangsu...
China increases its aluminium import volume by 27.1% in April’23 on higher use for EVs
According to the China customs data on May 18, China's aluminium imports, including unwrought aluminium and products, recorded a rise of 27.1 per cent year-on-year during April 2023, reaching 222,851 tonnes. A year ago, the import volume stood at 175,289 tonnes. On a month-on-month calculation,...
China’s A00 aluminium ingot price drops by RMB60/t due to weaker demand-supply scenario
After recording back-to-back growth over the past few days, the A00 aluminium ingot price has dropped by RMB 60 per tonne on Friday, May 19, to reach RMB 18,540 per tonne. On a W-o-W calculation, a hike of RMB 650 per tonne was recorded from RMB 17,890 per tonne on May 12. As per the SMM data, the...
