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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Primary aluminium inventories in China shrink by 65,000 tonnes to 799,000 tonnes on December 30
According to the Shanghai Metals Market, social inventories of primary aluminium in China have continued to decrease week-on-week across eight major consumption areas, including SHFE warrants. Data shows the inventories have plunged by 65,000 tonnes this week to come in at 799,000 tonnes as of...
Aluminium billet inventories in China hikes by 5,700 tonnes to peg at 80,300 tonnes
According to the Shanghai Metals Market, aluminium billet inventories in China surges by 5,700 tonnes week-on-week across five major consumption areas. As a result, the inventories closed at 80,300 tonnes, as of Thursday, December 30. Except for Nanchang, inventories climbed in four main markets...
World alumina production in Nov’21 remains unchanged M-o-M at 11.352 MT but grows 0.16% Y-o-Y
According to the recent data revealed by the International Aluminium Institute, world alumina production in November 2021 stood at 11.352 million tonnes, essentially unchanged compared to 11.353 million tonnes in October 2021. In September, the output came in at 11.166 million tonnes, meaning the...
A00 aluminium ingot price in China stands above RMB20,000/t; Aluminium alloy(A356) price surges by RMB200/t
According to the Shanghai Metals Market, A00 aluminium ingot price in China has hiked for the second consecutive day by RMB 210 per tonne to reach above RMB 20,000 per tonne yet again. Data shows the price is standing at RMB 20,130 per tonne as of December 30, with average prices likely to range...
China Hongqiao to shift 1.93 million tonnes of aluminium smelting capacity to Yunnan province
As per the local government notice, it has been revealed that the world's largest aluminium producer, China Hongqiao Group, which engulfs the entire aluminium industry chain, plans to shift 1.93 million tonnes of aluminium capacity to the Honghe prefecture in southwest Yunnan province. The...
India imposes anti-dumping duties on five Chinese products including aluminium
The Indian government took measures to safeguard the domestic producers from cheap imports from the neighbouring country by imposing anti-dumping duties on five Chinese products, including specific aluminium goods among others. Under a discrete notification of the Central Board of Indirect Taxes...
Downstream products weekly recap: Lewisport aluminium rolling mill to receive $167 million investment from Commonwealth Inc.; Exco Technologies to acquire extrusion dies business of Halex Holdings GmbH
The most vital segment of the global aluminium industry, the downstream division remained highlighted even during the last week and ending days of 2021. The world suffered heavily due to the deadly Covid-19 virus both in 2020 and as well as in 2021. In every corner of the world, the manufacturing...
Primary Aluminium Weekly Recap: China’s aluminium imports hit a year high at 2.97 MT in 11 months; Global aluminium output in 11 months stands 3.6% higher
Several news in the primary aluminium industry have made round ups this week, but among them what has gained the most attention is China’s year-high aluminium imports within the 11 months of 2021, as limited domestic aluminium production due to power usage restrictions underpin demand for overseas...
China’s prebaked anode exports soar by 63% M-o-M to 234,100 tonnes in November 2021, shows customs data
According to China customs data, the country’s prebaked anode exports soared by 63.3 per cent month-on-month to 234,100 tonnes in November 2021. On a year-on-year calculation, the exports stood even higher by 178.1 per cent, hitting the highest level in 2021. But amid the sharp hike in export...
Aluminium billet inventories in China drop by 900 tonnes this week to clock at 74,600 tonnes
According to the Shanghai Metals Market, aluminium billet inventories in China dropped by 900 tonnes week-on-week across five major consumption areas. As a result, the inventories totalled at 74,600 tonnes as of Thursday, December 23. Only the inventory in Foshan increased by 4,200 tonnes, or 13.68...
Primary aluminium inventories in China decrease by 40,000 tonnes to 864,000 tonnes on December 23
Primary aluminium inventories in China have continued to decrease by over 40,000 tonnes week-on-week as of Thursday, December 23. According to the Shanghai Metals Market, the inventories this week have shed by 46,000 tonnes to come in at 864,000 tonnes across the eight major Chinese consumption...
Aluminium extrusion exports from China to EU move up 18% M-o-M to 88,100 tonnes in November 2021
According to China customs data, the country’s aluminium extrusion exports (tariff codes 76041010, 76041090, 76042100, 76042910, 76042990) stood at 88,100 tonnes in November 2021, up by 18 per cent month-on-month and an increase of 5 per cent year-on-year. Of the total exports, the European Union...
A00 aluminium ingot price in China jumps by RMB510/t to exceed RMB20000/t; Aluminium alloy (A356) price closes above RMB22000/t
A00 aluminium ingot price in China has jumped by RMB 510 per tonne on Thursday, December 23, marking hike for the second consecutive day after an intermitted decline on December 21. According to the Shanghai Metals Market, the growth today has again sent the primary aluminium ingot price to above...
European Union to impose additional tariffs on Chinese aluminium foil import
The industry body representing 80 plus member bodies of the European aluminium industry, European Aluminium stated that it will impose additional tariffs on aluminium foil importing from China following the European Commission discovered that producers in the region gained from excessive and unfair...
A00 aluminium ingot price in China hikes by RMB 140/t; Aluminium alloy (A356) price escalates by RMB 100/t
On Wednesday, December 22, the average alumina spot price in China has remained restrained to stand at RMB 2,818 per tonne, found the Shanghai Metals Market. The average alumina price in Shandong and Henan has also remained the same to come in at RMB 2,915 per tonne and RMB 2,815 per tonne, for the...
Global primary aluminium production in 11 months stands 3.6% higher at 61.792 million tonnes: IAI
In November 2021, the global primary aluminium production stood at 5.497 million tonnes, a decrease of 3.37 per cent from 5.689 million tonnes in October. On a year-on-year calculation too, the output stood down, although marginally, by 0.20 per cent than 5.508 million tonnes. In three month time...
Aluminium slips by -2% to stand at 216.5 due to ongoing pandemic scenario, says Aluminum Mini Futures
On Monday, December 20, Aluminum Mini Futures dropped by -2 percent to stand at 216.15 as the COVID-19 pandemic scenario remained depressing, and the omicron version was discovered in many locations, which alarmed the market. Aluminium supply remained low, and strong downstream demand continued to...
A00 aluminium ingot price in China declines by RMB160/t after two days of hike; Alumina spot price inches down by RMB5/t
After the two consecutive days of hike on December 17 and 20, A00 aluminium ingot price in China has plunged by RMB 160 per tonne to stand at RMB 19,420 per tonne on Tuesday, December 21, found the Shanghai Metals Market. The average prices are expected to range between RMB 19,400 per tonne and RMB...
