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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ASI welcomes China-based chemical alumina producer CHALCO as new Production and Transformation member
The Aluminium Stewardship Initiative (ASI) has reportedly announced the joining of CHALCO Shandong Advanced Material Co., Ltd. to ASI as a new Production and Transformation member, which bring the total number of members to 206. CHALCO Shandong Advanced Material Co., Ltd., founded in 1960, is...
Average alumina spot price in China slips by RMB 52/t to close at RMB 3,020/t; A00 aluminium ingot price climbs up by RMB 80/t
On Friday, December 10, the average alumina spot price in China has slumped by RMB 52 per tonne or by 1.69 percent to settle at RMB 3,020 per tonne, found the Shanghai Metals Market. The average alumina price in Henan and Shanxi has slipped by RMB 50 per tonne to settle at RMB 3,010 per tonne and...
EU imposes definitive anti-dumping duties on China’s aluminium converter foil
The European Commission has reportedly levied definitive anti-dumping duties, ranging from 15.4% to 28.5%, on imports of aluminium converter foil originating in the People’s Republic of China. The objective is to protect domestic companies and workers in this sector. Aluminium converter foil, an...
China's primary aluminium inventories shrink for the third week in a row to 952,000 tonnes as of December 9
According to the Shanghai Metals Market, social inventories of primary aluminium in China have continued to shrink for the third week in a row ending December 9, 2021. Data shows the inventories have decreased by 50,000 tonnes across eight major consumption areas, including SHFE warrants, to stand...
Aluminium billet inventories in China grows by 13,800 tonnes this week to close at 85,500 tonnes
According to the Shanghai Metals Market, aluminium billet inventories in China escalate by 13,800 tonnes week-on-week across five major consumption areas. As a result, the inventories settled at 85,500 tonnes as of Thursday, December9. Only in Nanchang, inventories fell by 2,900 tonnes, or 21.82...
China’s aluminium industry becomes highly reliant on foreign supply for bauxite
China's aluminium sector, the world's largest, is growing increasingly reliant on foreign supply of the ore needed to produce the metal, highlighting the country's long-term reliance on imported raw materials. Alumina, an intermediate substance created from bauxite ore, is used to make the...
Metallurgical-grade alumina production in China records a 0.83% hike to 6.1 million tonnes in November 2021 (30days)
According to the latest data revealed by the Shanghai Metals Market, alumina production in China in November (30 days) 2021 stood at 6.24 million tonnes, of which metallurgical-grade alumina was 6.1 million tonnes. On a month-on-month calculation, the production of metallurgical-grade alumina stood...
China’s aluminium production in Nov’21 declines 3% Y-o-Y to 3.07 MT, with daily average output at 102,000 tonnes
In November (30 days) 2021, China’s aluminium production stood at 3.07 million tonnes, reflecting a year-on-year decrease of 3 per cent, found the Shanghai Metals Market. The daily average output came in at 102,000 tonnes, flat on the month. From January to November, China’s total aluminium...
Average alumina spot price in China descends by RMB 68/t to stand at RMB 3,127/t; A00 aluminium ingot price hikes by RMB 100/t
The average alumina spot price has been in the declining phase since November 25. According to the Shanghai Metals Market, the average alumina spot price has shrunk by RMB 68 per tonne or by 2.12 percent to close at RMB 3,127 per tonne, as of December 8. The average alumina price in Henan and...
NALCO, Hindalco & Vedanta’s shares rise on India’s anti-dumping duty announcement on aluminium flat rolled products from China
Shares of three notable aluminium makers recorded higher in trade, followed by the Central Government’s announcement of the imposition of anti-dumping duty on select aluminium products imported from China. National Aluminium Company’s share was traded higher by 5.77 per cent, Hindalco Industries...
Recycled aluminium weekly recap: AlCircle launches new report on “World Recycled Aluminium Market Analysis - Industry Forecast to 2026”; Replacement of primary aluminium by scrap will be sluggish until usage increases in the associated areas
The recycling of aluminium emerges with several vital environmental and economic advantages. Now keeping in mind with these energy and cost savings, many producers now have focused on increasing their usage of secondary materials. The week remained on a moderate version for the recycling segment,...
CPI Ningxia Energy Aluminium Qingxin Carbon Co., Ltd. joins ASI as the new General Supporter member
On Wednesday, December 1, Aluminium Stewardship Initiative announced that CPI Ningxia Energy Aluminium Qingxin Carbon Co., Ltd. has joined ASI as the new General Supporter member. With this, the total number of members in ASI comes to 203. CPI Ningxia Energy Aluminium Qingxin Carbon Co., Ltd....
Alumina spot price in China registers a week-long decline to RMB3303/t; A00 aluminium ingot price shrinks by RMB210/t
The average alumina spot price in China has recorded a week-long decline from November 25 to December 3. According to the Shanghai Metals Market, the price ends this week on Friday, December 3, at RMB 3,303 per tonne, losing RMB 48 per tonne from the previous day. Compared to a week ago, China’s...
China’s aluminium foil exports record 7% Y-o-Y and 3% M-o-M growth to 112,200 tonnes in October 2021
According to China Customs data, China’s aluminium foil exports in October 2021 edged 2.95 per cent higher month-on-month to stand at 112,200 tonnes. On a year-on-year calculation, the exports stood up by 7.38 per cent, showed customs data. China’s aluminium foil exports to India accounted for 10...
Launched! AlCircle’s new report on “World Recycled Aluminium Market Analysis - Industry Forecast to 2026”
AlCircle has come up with its latest sector focus report 2021, titled, “World Recycled Aluminium Market Analysis - Industry Forecast to 2026.” The report shows how the recycled aluminium industry has pulled itself up after experiencing fluctuating demand due to the pandemic and subsequent lockdowns...
Primary aluminium inventories in China decline by 15,000 tonnes over the week to 1 million tonnes on December 2
China’s social inventories of primary aluminium have continued to decrease for the second week in a row ending December 2, 2021, by 15,000 tonnes, found the Shanghai Metals Market. SMM data shows the inventories have declined across eight major consumption areas, including SHFE warrants, to come in...
Aluminium billet inventories in China drops by 7,200 tonnes this week to total at 71,700 tonnes
According to the Shanghai Metals Market, aluminium billet inventories in China drops by 7,200 tonnes week-on-week across five major consumption areas. Due to which the inventories stood at 71,700 tonnes as of Thursday, December 2. The greatest contributor to the dropping social inventory was still...
Alumina spot price in China declines for the sixth day in a row to RMB3351/t, but A00 aluminium ingot price inches up by RMB10/t
The decline in average alumina spot price in China has been continuing since a week starting from November 25, 2021. According to the Shanghai Metals Market data, the price has decreased by RMB 43 per tonne on Thursday, December 2, to stand at RMB 3,351 per tonne. In Guangxi and Guizhou, alumina...
