China aluminium extends gains into August; supply tightness, demand recovery to support September
As of August 31, the monthly average price for A00 aluminium ingots was RMB 23,869.0 per tonne in East China, up 3.34 per cent M-o-M; RMB 24,010.0 per tonne in South China, up 3.79 per cent M-o-M; and RMB 23,762.4 per tonne in Central China, up 3.42 per cent M-o-M, based on Mysteel's assessment. In...
China continues destocking, coupled with recovering peak-season demand; aluminium prices are expected to consolidate at highs with an upward bias next week
1. Macro perspective The US-Iran conflict escalated sharply. On September 9, Iran's Revolutionary Guard struck multiple oil tankers and merchant vessels in the Strait of Hormuz, causing a significant drop in strait traffic. Brent crude broke through USD 100 per bbl, closing at USD 101.21, while WTI...
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China’s aluminium output hikes by 4.8% to touch annual record high in 2021 even amid power restrictions
China's annual aluminium output increased by 4.8% from the previous year to a new high of 38.5 million tonnes in 2021, according to government statistics released on Monday, despite energy consumption restrictions set last year to fulfil climate targets. The National Bureau of Statistics (NBS)...
Alumina spot price in China continues to grow to close the week at RMB2862/t; A00 aluminium ingot price plunges by RMB400/t
According to the Shanghai Metals Market, the average alumina spot price in China has increased for the fifth day in a row by RMB 13 per tonne to stand at RMB 2,862 per tonne as of Friday, January 14. In Guangxi, alumina price has hiked by RMB 30 per tonne to come in at RMB 2,750 per tonne, while...
Aluminium billet inventory in China hikes by 27,300 tonnes to stand at 140,500 tonnes
According to the Shanghai Metals Market, aluminium billet inventories in China surged by 27,300 tonnes week-on-week across five major consumption areas. As a result, the inventories recorded at 140,500 tonnes, as of Thursday, January 13. With the exception of Huzhou, inventories increased in all of...
China’s primary aluminium inventories plunge by 52,000 tonnes to settle at 724,000 tonnes this week
According to the Shanghai Metals Market, social inventories of primary aluminium in China have continued to decrease by 52,000 tonnes week-on-week across eight major consumption areas, including SHFE warrants. Further plunge has brought the inventories to 724,000 tonnes as of Thursday, January 13,...
TANAKA Denshi Kogyo to set up new plant for aluminium bonding wires in Hangzhou, China
The Japanese manufacturer of precious metals materials, TANAKA Holdings that focuses majorly on products for the electronics, semiconductor and automotive industries has publicized its subsidiary TANAKA Denshi Kogyo is planning to set up a new plant in the Chinese city of Hangzhou to boost the...
Alumina spot price in China inches up by RMB4/t to RMB2845/t; A00 aluminium ingot price gains RMB60/t
The average alumina spot price in China has continued to grow by RMB 4 per tonne to come in at RMB 2,845 per tonne on Wednesday, January 12, found the Shanghai Metals Market. In Shandong, the price has increased by RMB 15 per tonne to RMB 2,895 per tonne, followed by the rise of RMB 5 per tonne in...
Average alumina spot price in China soars up by RMB 12/t to stand at RMB 2,841/t; A00 aluminium ingot price hikes by RMB 390/t
On Tuesday, January 11, the average alumina spot price in China has increased by RMB 12 per tonne to stand at RMB 2,841 per tonne. In Shandong, the price has inched up by RMB 5 per tonne to peg at RMB 2,880 per tonne. On the other hand, in Henan and Shanxi, the price has hiked by RMB 10 per tonne...
China’s aluminium production in December’21 drops 3% on year but grows 3.6% M-o-M to 3.18 MT: SMM
In December (31 calendar days) 2021, China produced 3.18 million tonnes of aluminium, which was 3.17 per cent less than a year ago but 3.58 per cent more than 3.07 million tonnes in November 2021, found the Shanghai Metals Market data. The daily average output was 102,400 tonnes, up 100 tonnes per...
Metallurgical-grade alumina production in China further expands by 4.27% to 6.36 MT in December’21
Alumina production in China in December 2021 (31 calendar days) was 6.59 million tonnes, of which metallurgical-grade alumina output stood at 6.36 million tonnes, found the Shanghai Metals Market. On a month-on-month calculation, the metallurgical-grade alumina output extended hike by 4.27 per cent...
A00 aluminium ingot price in China continues to hike to exceed RMB21000/t; Aluminium alloy (A356) price expands by RMB300/t
According to the Shanghai Metals Market, A00 aluminium ingot price in China has continued to hike for the third day in a row to exceed RMB 21,000 per tonne. Data shows the price has surged by RMB 300 per tonne on Friday, January 7, to close the week at RMB 21,040 per tonne. The average prices are...
Aluminium billet inventories in China ascends by 32,900 to total at 113,200 tonnes
According to the Shanghai Metals Market, aluminium billet inventories in China hikes by 32,900 tonnes week-on-week across five major consumption areas. As a result, the inventories registered at 113,200 tonnes, as of Thursday, January 6. On a weekly basis, inventories in the five major markets all...
Primary aluminium inventories in China shrink by 23,000 tonnes on week to stand at 776,000 tonnes: SMM
According to the Shanghai Metals Market, social inventories of primary aluminium in China have decreased for the seventh week in a row by 23,000 tonnes across eight major consumption areas, including SHFE warrants. Thus, the inventories have come in at 776,000 tonnes as of Thursday, January 6. Last...
Average alumina spot price in China remains unchanged at RMB 2,818/t; A00 aluminium ingot price ascends by RMB 440/t
The average alumina spot price in China has remained unchanged since December 31st. On Thursday, January 6, the price for the same has been recorded at RMB 2,818 per tonne, found the Shanghai Metals Market. The price has remained the same in Henan and Shanxi for the same day, at RMB 2,835 a tonne,...
China’s alumina capacity to ramp up in Q1 2022; Wenfeng refinery to put 2400 ktpa capacity into operation
According to official sources, three alumina refineries in China are set to commence or increase production in the first quarter of 2022. Wenfeng alumina refinery in Hebei province of northern China will reportedly come online with a capacity of 2,400 kilo tonnes per year. On the other hand, Bosai...
A00 aluminium ingot price in China rebounds by RMB200/t to RMB20300/t; Aluminium alloy (A356) price grows to RMB22250/t
According to the Shanghai Metals Market, A00 aluminium ingot price in China has recorded a jump of RMB 200 per tonne on Wednesday, January 4, following a plunge of RMB 250 per tonne on the previous day. Thus, the price is currently standing at RMB 20,300 per tonne, with average prices to range...
China’s aluminium foil exports improve 2% M-o-M to 114,700 tonnes in November 2021 as demand in India rebounds
According to China customs data, China exported 114,700 tonnes of aluminium foil in November 2021, which reflected a month-on-month increase of 2 per cent and a year-on-year rise of 13 per cent. Jiangsu, Zhejiang, Shanghai, Henan, Shandong ranked top in November, exporting more than 10,000 tonnes...
Top Newsmakers for December 2021: Romania’s Alro slash production at the aluminium smelter, intent for total close down; Aluminium Dunkerque reduces metal output due to rise in power price
The month of December and also the year 2021 ended and the global aluminium industry welcomed the New Year 2022 with a lot of hope and desire. However, the month of December 2021 documented some very important decisions floated by various industry giants. The Romanian aluminium producer, Alro's...
Average alumina spot price in China surges by RMB 6/t to peg at RMB 2,818/t; A00 aluminium ingot price hikes by RMB 220/t
According to the Shanghai Metals Market, the average alumina spot price in China has ascended by RMB 6 per tonne to close in at RMB 2,818 per tonne, as of Friday, December 31. For the same day in Henan and Shanxi, the price has surged by RMB 10 per tonne to stand at RMB 2,835 per tonne,...
