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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China’s alumina spot price drops by RMB5/t; A00 aluminium ingot price registers a W-o-W decline of RMB140/t
The average alumina spot price in China has started the week on Monday, March 6, with a drop of RMB 5 per tonne (US$0.73/t) to stand at RMB 2,936 per tonne (US$425.81/t), found the Shanghai Metals Market. In Guangxi, the alumina price has decreased by RMB 20 per tonne (US$2.9/t) to peg at RMB 2,835...
China’s primary aluminium inventories reflect a W-o-W growth of 1.7% this week: SMM
According to the Shanghai Metals Market, social inventories of primary aluminium totalled 1.269 million tonnes across eight major consumption areas in China, including SHFE warrants, as of Thursday, March 2, 2023. Compared to a week ago, February 23, the inventories have accumulated 21,000 tonnes...
Aluminium billet inventories in China plunge by 156,200 tonnes W-o-W to 24,700 tonnes
The aluminium billet inventory decreased for four weeks in a row due to downstream processing companies receiving more orders during the customary peak season and operating at a higher capacity. As per the data, on Thursday, March 2, the inventories in China recorded a W-o-W plunge of 156,200...
China’s A00 aluminium ingot price moves up by RMB20/t to RMB18,550/t; Low carbon aluminium price grows to RMB19,152/t
On Friday, March 3, A00 aluminium ingot price in China has moved up by RMB 20 per tonne to stand at RMB 18,550 per tonne. The average prices for the same are likely to range between RMB 18,530 per tonne and RMB 18,570 per tonne, with the spot contract price to be traded at a discount price of RMB...
Indonesia ready to face off with China at WTO over its ban on bauxite exports
The Joko Widodo lead Indonesian government affirms that bauxite export would be prohibited from June this year. It is prepared to cope with the repercussions, including handling World Trade Organization (WTO) concerns from other nations. Bara Krishna Hasibuan, the Indonesian Trade Ministry's...
Key highlights from the global aluminium value chain, February 2023
The global aluminium industry in February 2023 witnessed some important announcements. The Russia-Ukraine geopolitical crisis marked one year in February 2023, which resulted in the White House pushing the Russian economy with new sanctions. The United States imposed a 200 per cent tariff on...
A00 aluminium ingot price grows by RMB90/t but stands W-o-W lower; Aluminium alloy (A356) price climbs to RMB19600/t
A00 aluminium ingot price in China has continued to grow by RMB 90 per tonne to score above RMB 18,500 per tonne. According to the Shanghai Metals Market survey, the price stands at RMB 18,530 per tonne on Thursday, March 2, with average prices likely to range between RMB 18,510 per tonne and RMB...
Qinghai Baihe Aluminium joins ASI as the new Production and Transformation member
Aluminium Stewardship Initiative (ASI) announced the joining of Qinghai Baihe Aluminium Industrial Co., Ltd as the new Production and Transformation member. The enterprise has the largest electrolytic aluminium manufacturing site in Qinghai Province, with a total design production capacity of...
Fonnov Aluminium launches seamless aluminium tubes for hydrogen fuel vehicles
The high-quality aluminium extrusion company and leading professional extrusion manufacturer in China, Fonnov Aluminium, has introduced a new product to its fleet of customized aluminium extrusion products designed to increase the proficiency of hydrogen fuel vehicles. Since its debut in 2015,...
OnePlus Ace 2V, the first-ever mid-ranger, sports flagship-grade flat aluminium sides
On Tuesday, February 28, OnePlus announced it would launch its new phone OnePlus Ace 2V on March 7 in China, highlighting a few premium features of the device. On the official Chinese Weibo account, OnePlus posted that its new product, the brand’s first-ever mid-ranger, would feature flagship-grade...
China’s A00 aluminium ingot price gains RMB110/t to RMB18,440/t; Average alumina price moves down by RMB4/t
On Wednesday, March 1, China's A00 aluminium ingot price has gained RMB 110 per tonne to settle at RMB 18,440 per tonne, with the spot contract price expected to be traded at a discount price of RMB 110 per tonne to RMB 70 per tonne. The average prices will likely range between RMB 18,420 per tonne...
World alumina production drops 1% Y-o-Y to 11.647 million tonnes, but China’s output grows 4%: IAI
World alumina production in January 2023 totalled 11.647 million tonnes, with China accounting for more than 50 per cent, found the International Aluminium Insitute. The world’s biggest alumina and primary aluminium producer churned out 6.7 tonnes of aluminium ore in January, which majorly remained...
China’s primary aluminium inventories add 20,000 tonnes to reach 1.268 million tonnes on Feb 27
According to the Shanghai Metals Market survey, China’s social inventories of primary aluminium across eight major consumption areas, including SHFE warrants, totalled 1.268 million tonnes on Monday, February 27. Over the weekend, the inventories increased by 20,000 tonnes from 1.248 million...
China’s domestic average alumina price dips by RMB1/t to RMB2946/t; A00 aluminium ingot price remains muted
According to the Shanghai Metals Market, China’s domestic average alumina spot price has dipped by RMB 1 per tonne to settle at RMB 2,946 per tonne as of Tuesday, February 28. In Henan and Guizhou, alumina price has plunged by RMB 15 per tonne and RMB 5 per tonne to stand at RMB 2,980 per tonne and...
Trafigura in discussions to procure aluminium from Rusal
The Singaporean-based Swiss multinational commodity trading company Trafigura is in the discussion stage to procure aluminium from the Russian aluminium giant Rusal, as reported by one of the globally renowned media houses. The company is highlighting its willingness to strike deals with Russian...
China’s A00 aluminium ingot price opens the week with a fall of RMB150/t; Australian alumina price drops to US$369/t
On Monday, February 27, China’s A00 aluminium ingot recorded a decline of RMB 150 per tonne to stand at RMB 18,330 per tonne, with the spot contract price expected to be traded at a discount price of RMB 110 to RMB 70 per tonne. On a W-o-W calculation, a plunge of RMB 360 per tonne was witnessed....
Downstream weekly recap: TRA initiates reconsideration of anti-dumping tariff recommendation on imported Chinese aluminium extrusions; Ricoh adds 6000 series aluminium alloy in its Binder Jetting materials
The Department of International Trade's executive non-departmental public agency, the Trade Remedies Authority (TRA), said on February 22 that it had started reviewing the suggestion for anti-dumping remedies on imports of Chinese aluminium extrusion. Ricoh added the 6000 series aluminium alloy...
Primary aluminium weekly recap: Citi flags the possibility of Chinese aluminium prices soaring 13% in three months; Yunnan province orders aluminium smelters to cut production again
This week started with the news of a fresh round of power restrictions implemented in China's Yunnan province. To stabilise the electrical supply, the Yunnan province of China directed the aluminium smelters in the area to adopt another round of output limitations. Since September, several of...
