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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Malaysia leads the list of top 5 unwrought aluminium alloy exporters to China during Jan-Feb 2023
According to the Shanghai Metals Market, Malaysia, Thailand, Vietnam, South Korea, and Pakistan were the five top suppliers of unwrought aluminium alloy to China during January-February 2023. In the first two months of the year, China imported 168,900 tonnes of unwrought aluminium alloy, reflecting...
China’s primary aluminium inventory plummets 85,000 tonnes W-o-W on March 24
According to the Shanghai Metals Market, China's primary aluminium inventories have witnessed a considerable slump of 85,000 tonnes on a weekly basis across eight major consumption areas, including SHFE warrants. On Thursday, March 23, the inventories came in at 1,126,000 tonnes, which in...
China’s A00 aluminium ingot price marks sudden surge of RMB170/t; High purity aluminium price jumps RMB200/t
A00 aluminium ingot price has augmented by RMB 170 per tonne, officially closing at RMB 18,320 per tonne, as the Shanghai Metals Market recorded on March 24, Friday. The average prices are expected to range between RMB 18,300 per tonne and RMB 18,340 per tonne, with spot contracts trading at...
China’s aluminium billet inventories dip by only 1,500 tonnes, thanks to smooth arrivals of stocks on stable output
According to the Shanghai Metals Market survey, China’s aluminium billet inventories again decreased week-on-week but at a lower rate as of Thursday, March 23, after the two former weeks of hikes. As per the SMM data, the inventories dipped by 1,500 tonnes from a week ago to amount to 167,900...
LME benchmark aluminium price tumbles by US$3/t to US$2232/t; SHFE price ascends US$31/t
LME aluminium opened at US$2,275 per tonne on Wednesday, with its high and low at US$2,285 per tonne and US$2,261 per tonne respectively before closing at US$2,285 per tonne, an increase of US$15.5 per tonne or 0.68 per cent. On March 22, Wednesday, the LME aluminium cash bid price and the LME...
A00 aluminium ingot price in China moves up to RMB18,150/t; Aluminium powder price inches up by RMB0.01/kg
On Thursday, March 23, China’s A00 aluminium ingot price has grown by RMB 50 per tonne to settle at RMB 18,150 per tonne, with the average prices standing between RMB 18,130 per tonne and RMB 18,170 per tonne. On a W-o-W calculation , the aluminium ingot price moved up by RMB 10 per tonne from RMB...
Dingsheng signs new contract with CATL to supply aluminium foils for electric vehicle batteries
On Wednesday, March 22, shares of Jiangsu Dingsheng New Materials Joint-Stock increased by as much as 4.6 per cent after the Chinese producer of aluminium materials announced that it and two of its subsidiaries had signed new contracts with Contemporary Amperex Technology (CATL). Under the...
China’s A00 aluminium ingot price goes RMB10/t downhill on March 22; Low carbon aluminium price loses RMB31/t
A00 aluminium ingot price has slumped by RMB 10 per tonne, officially closing at RMB 18,100 per tonne, as the Shanghai Metals Market recorded on March 22. The average prices are expected to range between RMB 18,080 per tonne and RMB 18,120 per tonne, with spot contracts trading at discount prices...
China’s aluminium imports from Russia nearly double in last 12 months to 538,600 tonnes
When western countries turned back on Russian aluminium, China nearly doubled its imports from Russia. According to the data recently released by China customs, the country's imports of refined aluminium from Russia surged 94 per cent year-on-year to about 538,600 tonnes from March 2022 to February...
World’s primary aluminium production in February drops for the second month this year to 5.273 MT
In February 2023, the world's primary aluminium production totalled 5.273 million tonnes, reflecting a second consecutive drop this year. Compared to 5.823 million tonnes in January 2023, the world's primary aluminium output recorded a decrease of 9.45 per cent month-on-month, found the...
China’s A00 aluminium ingot price declines by RMB130/t to RMB18,110/t; Aluminium powder price inches down by RMB0.1/kg
On Tuesday, March 21, China’s A00 aluminium ingot price slumped by RMB 130 per tonne to halt at RMB 18,110 per tonne, with the average prices ranging between RMB 18,090 per tonne and RMB 18,130 per tonne. The spot contract price is expected to be traded at a discount price of RMB 80 to RMB 40 per...
China’s Jan-Feb aluminium imports grow 11.3% Y-o-Y, thanks to industrial recovery post COVID restriction ease
According to China customs data, China’s total aluminium imports in January and February grew by 11.3 per cent year-on-year, given the anticipated demand improvement once the country reopens. Customs data showed China imported 374,321 tonnes of unwrought aluminium and products, including primary...
China’s A00 aluminium ingot price soars by RMB90/t to RMB18,240/t; Low carbon aluminium grows RMB118/t
A00 aluminium ingot price has heightened by RMB 90 per tonne, officially closing at RMB 18,240 per tonne, as the Shanghai Metals Market recorded on March 20. The average prices are expected to range between RMB 18,220 per tonne and RMB 18,260 per tonne, with spot contracts trading at discount...
Hydropower shortage in Yunnan propels aluminium producers to scale down output
The Paris Agreement is a landmark in the multilateral climate change process because, for the first time, a binding agreement brings all nations together to combat climate change and adapt to its effects, as stated by UNFCCC. The main objective of the Paris Agreement is to enhance the international...
China’s primary aluminium inventory hugely slumps W-o-W by 56,000 tonnes on March 16
According to the Shanghai Metals Market, China's primary aluminium inventories massively fell by 56,000 tonnes on a weekly basis across eight major consumption areas, including SHFE warrants. This can be considered a major fall after two months of successive inventory accumulation. On Thursday,...
Aluminium billet inventories in China expand by 6,000 tonnes W-o-W to 169,400 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 is normally suitable for alloyed aluminium. As per the data, on March 16, the aluminium...
Xingfa Aluminium posts a 9.7% Y-o-Y rise in revenue but still lags behind analyst estimates
Xingfa Aluminium Holdings, a famous large-scale architectural aluminium profiles and industrial aluminium profiles manufacturer in China, announced its full-year 2022 results ended December 31, reporting a 9.7 per cent year-on-year rise in revenue to RMB 16.9 billion. But it missed analyst...
China’s A00 aluminium ingot price travels US$10/t upward on March 17; Low carbon aluminium price grows US$60/t
A00 aluminium ingot price has jumped up by RMB 10 per tonne, officially closing at RMB 18,150 per tonne, as the Shanghai Metals Market recorded on March 17. The average prices are expected to range between RMB 18,130 per tonne and RMB 18,170 per tonne, with spot contracts trading at discount prices...
