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 aluminium benchmark price hikes by US$26.5/t to US$2,339.50/t; SHFE price drops to US$2,686/t
LME aluminium opened at US$2,332 per tonne on Wednesday and closed at US$2,331 per tonne, down 0.04 per cent. On Wednesday, April 26, both LME aluminium cash bid price and LME aluminium official settlement price increased by US$27 per tonne or 1.16 per cent and US$26.5 per tonne or 1.14 per cent to...
China’s A00 aluminium ingot price drops to RMB18,750/t; Alumina price inches down by RMB1/t
On Wednesday, April 26, China’s A00 aluminium ingot price has fallen by RMB 80 per tonne to halt at RMB 18,750 per tonne, with the spot contract price expected to be traded at a discount price of RMB 20 to a premium price of RMB 20 per tonne. The average prices are expected to orbit between RMB...
China's A00 aluminium ingot price declines for the third day by RMB70/t despite continued inventory fall
According to the Shanghai Metals Market data, A00 aluminium ingot price has fallen for the third day despite sluggish primary aluminium inventories across China. Then what could be the reason behind the price fall? Well, weaker metal consumption by downstream producers could be a factor for the...
LME aluminium benchmark price drops by US$34/t to US$2,354.50/t; SHFE price loses US$9/t
LME aluminium fell after opening at US$2,399 per tonne on Monday but rebounded towards the end of the day and closed at US$2,385 per tonne, a drop of 0.73 per cent. On Monday, April 24, both LME aluminium cash bid price and LME aluminium official settlement price dropped by US$34 per tonne or 1.42...
World’s primary aluminium production improves 2% Y-o-Y during 1Q2023 amid muted output in March
According to the International Aluminium Institute, the world's primary aluminium production in March 2023 stood at 5.772 miilion tonnes, bringing the total output in the first quarter to 16.895 million tonnes. The monthly production in March increased by 9.63 per cent from 5.265 million tonnes in...
China’s A00 aluminium ingot price slumps by RMB130/t to RMB18,900/t; Low carbon aluminium price drops to RMB19,575/t
On Monday, April 24, China’s A00 aluminium ingot price has dropped by RMB 130 per tonne to score at RMB 18,900 per tonne, with the spot contract price expected to be traded at a discount price of RMB 10 to a premium price of RMB 30 per tonne. The average prices are expected to range between RMB...
Yunnan weather forecast may influence China's aluminium production
The International Aluminium Institute (IAI)'s most recent monthly assessment shows that during the first three months of 2023, the world's primary aluminium production increased by 2.0 per cent y-o-y to 16.9 million tonnes. Restarts and reductions in aluminium production outside of China mainly...
Downstream weekly recap: Jiangsu Alcha plans to build aluminium foil facility in Changshu; Walter launches newest range of carbide milling cutters suitable for high-silicon die-cast aluminium
Walter is extending its portfolio of solid carbide milling cutters for ISO N machining with the introduction of the MD265 Supreme and the MC268 Advance, two different roughing specialists. This is particularly important for manufacturers that use high-silicon die-cast aluminium. Group Atlas...
Bauxite mining needs to be increased in China: Industry experts
On April 20, 2023, a Chinese industry expert advised that China, the largest aluminium producer globally, needs to enhance local bauxite mining to reduce its growing dependency on imported resources. Meng Jie, a Deputy Secretary General of the aluminium branch at the China Nonferrous Metals...
Alumina spot price in China closes the week lower at RMB2898/t; A00 aluminium ingot price shrinks by RMB90/t
According to the Shanghai Metals Market, the average alumina spot price in China has closed the week ending April 21, 2023, with a drop of RMB 5 per tonne after remaining restrained for three consecutive days. The price has concluded at RMB 2,898 per tonne versus RMB 2,903 per tonne the previous...
Aluminium billet inventories in China dropped by 7000 tonnes W-o-W to 152,600 tonnes
A billet is one of the most widely used aluminium product forms globally. Billets are created directly through continuous casting or extrusion or indirectly through hot rolling an ingot or bloom. The billet usually is suitable for alloyed aluminium. As per the data, on Thursday, April 20, the...
Alcoa predicts lower production costs in 2Q2023 given a drop in raw materials prices
Alcoa Corporation, the world’s eighth-largest producer of aluminium, said lower prices of ingredients they use for metal-making would eventually reduce the production costs in the second quarter of 2023, while aluminium demand would stay robust. Favourable raw materials, substantial output volume,...
China’s A00 aluminium ingot price grows by RMB80/t to RMB 19,110/t; Low carbon aluminium price hikes to RMB 19,782/t
On Thursday, April 20, China’s A00 aluminium ingot price spiked up by RMB 80 per tonne to halt at RMB 19,110 per tonne, with the spot contract price expected to be traded at a premium price of RMB 10 to RMB 50 per tonne. The average price is expected to range between RMB 19,090 per tonne and RMB...
Jiangsu Alcha plans to build aluminium foil facility in Changshu for EV batteries
Jiangsu Alcha, the China-based aluminium product manufacturer, plans to open a new aluminium foil facility in Changshu for electric vehicle batteries (EV). The facility will produce aluminium foils which will be utilised in EV batteries. The facility is expected to produce 30,000 tonnes of...
China’s A00 aluminium ingot price leaps RMB170/t to touch RMB19000/t level after over 2 months
According to the Shanghai Metals Market (SMM), China's domestic A00 aluminium ingot price has skyrocketed by RMB 170 per tonne to exceed RMB 19,000 per tonne after over two months. From RMB 18,860 per tonne on April 18 , the price leapt to RMB 19,030 per tonne on April 19, close to the price on...
AlCircle launches 5th edition of Aluminium LeaderSpeak for 2023
The continued success of our flagship e-Magazine, "Aluminium LeaderSpeak", has inspired us to publish the fifth edition of it, which in all the e-magazines is the fifteenth edition. " Aluminium LeaderSpeak 2023 " is a well-known platform to enable industry leaders to express thoughts and...
China’s A00 aluminium ingot price registers a W-o-W surge of RMB480/t; Aluminium powder price inches up to RMB20.8/kg
On Tuesday, April 18, China's A00 aluminium ingot price surged by RMB 120 per tonne to stand at RMB 18,860 per tonne. On a W-o-W calculation, the A00 aluminium ingot price has shot up by RMB 480 per tonne from RMB 18,380 per tonne recorded on April 11. The spot contract price for today has been...
China’s unwrought aluminium and semis exports fall 15.4% Y-o-Y in 1Q2023; downtrend likely to continue
According to China customs data, Chinese unwrought aluminium and aluminium semis exports in March 2023 amounted to 497,000 tonnes, bringing the total exports of the first quarter to 1.38 million tonnes. The monthly exports in March’23 registered a year-on-year fall of 16.3 per cent, while the...
