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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Citi flags the possibility of Chinese aluminium prices soaring 13% in three months, predicting the metal to take the economic lead
Citigroup Inc. or Citi, an American multinational investment bank and financial services company, stated that, with the reopening of the Chinese economy, the demand for aluminium is expected to rise, surpassing iron-ore. The broker emphasised the numerous supply issues faced by aluminium, which...
Taiwanese revenue will be reported as coming from ‘Greater China’: Rio Tinto
The Anglo-Australian mining and metal company Rio Tinto has formally changed its designation of Taiwan in its regular revenue reports. Taiwanese client revenues will now be reported as coming from "Greater China" rather than the previous designation of "other Asian regions," which excluded China...
Chinese aluminium giant Tianshan Aluminium moves overseas to acquire three bauxite mines in Indonesia
The Chinese aluminium producer Tianshan Aluminium Group, located in Shihezi, a sub-prefecture-level city in Northern Xinjiang, announced its plan to procure three bauxite mines in Indonesia for USD$30.3 million. On February 23, 2023, the Chinese company engaged in comprehensive aluminium production...
China’s A00 aluminium ingot price loses RMB140/t on wavering consumption by downstream: SMM
According to the Shanghai Metals Market, China's domestic A00 aluminium ingot price has suffered a loss of RMB 140 per tonne on Friday, February 24, after displaying restraint for the past two consecutive days. SMM data shows the price has come in at RMB 18,480 per tonne, standing W-o-W high by RMB...
Aluminium billet inventories in China record W-o-W fall of 21,300 tonnes to 181,000 tonnes
On Thursday, the aluminium billets inventories in China plunged by 21,300 tonnes W-o-W to halt at 181,000 tonnes. This week, the stockpile of aluminium billets accelerated the decline. Each of the four major markets saw a decrease in inventory due to massive cargo outflows from warehouses, with...
Primary aluminium inventories in China accumulate 15000 tonnes over a week to 1.248 million tonnes
According to the Shanghai Metals Market survey, social inventories of primary aluminium have grown by 15,000 tonnes over a week ending Thursday, February 23. On a week-on-week basis, the stocks have increased by 32,000 tonnes across eight major consumption areas, including SHFE warrants, to amount...
Budweiser China to launch Brewdog’s best-selling juices in newly designed aluminium cans
BrewDog, a multinational brewery and pub chain based in Scotland, is expanding into China following a joint venture with Budweiser China. The new Putian craft brewery in the Fujian province, operated by Budweiser China, will manufacture BrewDog’s Punk IPA, Hazy Jane, and Elvis Juice in uniquely...
UK's TRA initiates reconsideration of anti-dumping tariff recommendation on imported Chinese aluminium extrusions
The Trade Remedies Authority (TRA), an executive non-departmental public body sponsored by the Department of International Trade, reported on Wednesday, February 22, that it began the reconsideration procedure of the recommendation of anti-dumping measures on aluminium extrusion imports from China....
A00 aluminium ingot price in China falls by RMB190/t W-o-W to RMB 18,620/t; Low carbon aluminium price slips to RMB19,213/t
On Thursday, February 23, A00 aluminium ingot price in China has remained restrained since Tuesday, February 21. The price as of today settled at RMB 18,620 per tonne, with the average prices standing between RMB 18,600 per tonne and RMB 18,640 per tonne. The spot contract price is expected to be...
World’s primary aluminium production reflects a 3.33% rise Y-o-Y during Jan’2023; Output in Asia (ex-China) records a drop
The world's primary aluminium production initiated the year 2023 with an annual increase of 3.33 per cent from 5.648 million tonnes to 5.836 million tonnes, found the International Aluminium Institute. But on a month-on-month calculation, the output slightly dropped by 0.58 per cent compared to...
Aluminium production cut in Yunnan begins sending domestic metal prices range-bound: SMM
As expected earlier, aluminium production cut in Yunnan province and weaker-than-expected demand recovery would make the metal prices range-bound; both primary aluminium ingot price and aluminium alloys prices have remained muted as of Wednesday, February 22. According to the Shanghai Metals...
Yunnan province orders aluminium smelters to cut production again
China's Yunnan province has ordered the aluminium smelters in the region to implement another round of production restrictions to stabilise the electricity supply. The protracted drought and low reservoir levels have caused problems for the province's hydroelectric grid. However, On February 19,...
Alumina spot price in China records a W-o-W fall of RMB4/t as of Feb 21; A00 aluminium ingot price drops by RMB70/t
On Tuesday, February, the average alumina spot price in China inched up by RMB 1 per tonne after remaining restrained since February 16. The price as of today settled at RMB 2,947 per tonne. On a W-o-W calculation, a drop of RMB 4 per tonne was seen from RMB 2,951 per tonne recorded on February 16....
China’s aluminium processing enterprises report higher operating rates of 61.5% as demand starts recovering
Shanghai Metals Market survey found China’s average operating rate across leading aluminium processing enterprises rose 1.7 percentage points last week to 61.5 per cent. Aluminium plate, sheet, strip, foil and construction extrusion sectors recorded operational growth with the gradual arrival of...
A00 aluminium ingot price rallies by RMB230/t over the weekend; Aluminium alloys prices grow uniformly by RMB250/t
China’s domestic A00 aluminium ingot price has opened the week on Monday, February 20, with a hike of RMB 230 per tonne to RMB 18,690 per tonne, found the Shanghai Metals Market. This brings the price week-on-week higher by RMB 220 per tonne or 1.19 per cent from RMB 18,470 per tonne but stands low...
Power rationing may be introduced again, aluminium smelters in Yunnan region to reduce output
As a result of the shortage of hydropower in Yunnan after the Chinese New Year holiday, a new round of power rationing is likely to be introduced again to impede aluminium production. In addition, some aluminium smelters are already planning to halt their electrolytic cells. The rumours of...
A00 aluminium ingot price in China falls by RMB110/t W-o-W on Feb 17; Low carbon aluminium price moves up to RMB 19,046/t
On Friday, February 17, China’s A00 aluminium ingot price gained RMB 30 per tonne to stand at RMB 18,460 per tonne. However, on a W-o-W calculation, the aluminium ingot price has plunged by RMB 110 per tonne from RMB 18,570 per tonne recorded on February 10. The spot contract price as of today is...
Aluminium billet inventories in China drop by 12,100 tonnes to 202,300 tonnes
On Thursday, February 16, China’s aluminium billet inventory slumped by 12,100 tonnes from 214,400 tonnes recorded the previous week. The inventory as of today settled at 202,300 tonnes. After earlier halting the increasing trend, there were two weeks of fall. Each of the five major markets saw a...
