Macro rate hike expectations pressure aluminium prices, while China's continued destocking underpins the market
Futures: The most-traded SHFE aluminium 2610 contract closed at RMB 24,000 per tonne, down RMB 190 from yesterday's settlement price, a decline of 0.79 per cent. It opened at RMB 24,100.00 per tonne during the day and fluctuated within a range of RMB 23,920-24,100 per tonne. The price traded below...
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...
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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...
European Aluminium files two cases with the General Court of the European Union
European Aluminium, which represents the entire European aluminium value chain, has filed two cases with the European Union's General Court to challenge the European Commission's 9-month suspension of definitive anti-dumping duties on Chinese aluminium flat-rolled products, which was imposed on...
China’s demand for imported bauxite to rise 20% to 132 million tonnes in 2022: Antaike
China’s demand for imported bauxite is expected to rise by about 20 per cent year-on-year in 2022, backed on increasing demand for the raw material from domestic alumina producers, pointed out the state-owned research agency Antaike. China’s alumina producing capacity using imported bauxite is...
China’s aluminium imports hit a year high at 2.97 million tonnes in 11 months, customs data shows
China’s aluminium imports have already recorded a year high within 11 months (January-November) of 2021 as limited domestic aluminium production due to power usage restrictions underpin demand for overseas metal. According to China customs data, arrivals of unwrought aluminium and products,...
Average alumina spot price in China slips by RMB 11/t to stand at RMB 2,823/t; A00 aluminium ingot price ascends by RMB 200/t
The average alumina spot price in China has opened the week on Monday, December 20, slumping by RMB 11 per tonne or by 0.38 percent to stand at RMB 2,823 per tonne, found the Shanghai Metals Market. For the same day in Shandong and Henan, the price has gone down by RMB 10 per tonne to close in at...
Average alumina spot price in China slumps by RMB 26/t to close in at RMB 2,834/t; A00 aluminium ingot price surges by RMB 350/t
According to the Shanghai Metals Market, the average alumina spot price has been in the declining phase since early November. On Friday, December 17, the price has dropped by RMB 26 per tonne or by 0.96 percent to settle at RMB 2,834 per tonne. In Shandong and Henan, the average alumina spot price...
Higher demand leads to the shortage of global primary aluminium supply during Jan-Oct 2021
The World Bureau of Metal Statistics (WBMS) released a report on Wednesday, December 15, revealing the shortage of 1.366 million tonnes of global primary aluminium supply from January to October 2021, in contrast to the metal surplus of 1.271 million tonnes in 2020. The global demand for primary...
Flawed Chinese aluminium import delays the float of Royal Australian Navy boats for another nine months
The principal naval force of Australia, the Royal Australian Navy anticipates that its new Evolved Cape Class patrol boats might now be delayed for around nine months, which is expected to incur an additional expenditure of $44 million to keep its ageing fleet in the water, following the...
Ghana Revenue Authority to impose 35.77% duty on cheap aluminium products from China
The chairman of Aluworks PLC, Prof Lade Wosornu stated that the Ghana Revenue Authority’s custom division has stirred to impose an additional duty of 35.77% on cheap aluminium products imported from China, that will empower Aluworks, the aluminium continuous casting and cold rolling mill of Ghana...
Primary aluminium inventories in China lose 42,000 tonnes this week to stand at 910,000 tonnes
Social inventories of primary aluminium in China have extended the fall this week to stand at 910,000 tonnes, as of December 16, found the Shanghai Metals Market. SMM data shows the inventories have plunged today by 42,000 tonnes across eight major consumption areas, including SHFE warrants,...
Aluminium billet inventories in China shrink by 10,000 tonnes this week to stand at 75,500 tonnes
According to the Shanghai Metals Market, aluminium billet inventories in China dropped by 10,000 tonnes week-on-week across five major consumption areas. As a result, the inventories totalled at 75,500 tonnes as of Thursday, December 16. Except for Huzhou, where inventory remained unchanged from...
Average alumina spot price in China slips by RMB 41/t to close in at RMB 2,860/t; A00 aluminium ingot price descends by RMB 70/t
On Thursday, December 16, the average alumina spot price has slumped by RMB 41 per tonne to stand at RMB 2,860 per tonne, says Shanghai Metals Market. To begin with, in Henan and Shanxi, the average alumina spot price has slipped by RMB 50 per tonne to peg at RMB 2,850 per tonne for both provinces,...
China’s average alumina price declines for over two weeks in a row to RMB2901/t; A00 aluminium ingot price gains RMB30/t
The average alumina spot price in China has continued to decline for over two weeks in a row to stand at RMB 2,901 per tonne as of Wednesday, December 15. According to the Shanghai Metals Market, the price has decreased by RMB 52 per tonne from RMB 2,953 per tonne on December 14. In Henan, Guizhou,...
Average alumina spot price in China slumps by RMB 24/t to stand at RMB 2,953/t; A00 aluminium ingot price soars up by RMB 380/t
On Tuesday, December 14, the average alumina spot price in China has recorded a continued decline of RMB 24 per tonne or by 0.80 percent to close at RMB 2,953 per tonne, found the Shanghai Metals Market. The average alumina price in Guizhou and Guangxi has slipped by RMB 15 per tonne to settle at...
Odisha alone possesses 51% of the country's 3,897 MT of bauxite deposits; Advantageous for aluminium companies in India
Compared to the aluminium smelters in West Asia, which benefit from low-cost natural gas, and those in Europe and Canada which benefit from hydropower, India's white metal production is solely dependent on significantly more expensive coal-fired energy. However, this country has a distinct edge...
Why Buy AlCircle’s Report on “World Recycled Aluminium Market Analysis - Industry Forecast to 2026”?
The year 2021 shows how the recycled aluminium industry has bounced back after experiencing fluctuating demand due to the pandemic and ensuing lockdowns in 2020 and early 2021. As a result, AlCircle has come up with its recently published sector focus report 2021, titled, “World Recycled Aluminium...
Downstream products weekly recap: GM plans to spend $51 million for equipment installation at Indiana aluminium die casting foundry; EU imposes definitive anti-dumping duties on China’s aluminium converter foil
The downstream segment of the global aluminium industry has always been the most vital part of the sector, as the downstream segment also refers to engineered products and solutions. The American multinational automotive manufacturing company, General Motors plans to upgrade Indiana aluminium die...
China’s aluminium billet production to close the year higher at 15.06 MT; Remelting billet output to total at 1 MT
According to the survey conducted by the Shanghai Metals Market, the conversion margins of aluminium billet are standing high for a long. The inventory of billet is falling over the past seven weeks but is likely to enter a new round of accumulation, given the fall in shipments amid sluggish...
