Mercuria, Glencore explore Venalum aluminium smelter deal as Venezuela eyes production revival
Venezuela’s biggest aluminium smelter, Venalum, could be heading for a fresh start as Mercuria Energy Group Ltd. and Glencore Plc explore a potential deal that could bring new investment and operating expertise to the facility that has spent years producing only a fraction of its original capacity....
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...
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China’s A00 aluminium ingot price sharply falls by RMB1120/t amid a gain in alumina price; Aluminium alloy(A356) price plummets by RMB1100/t
After hiking for the last three days exceeding RMB 24,000 per tonne, A00 aluminium ingot price in China has recorded a sharp fall of RMB 1,120 per tonne to come at the level of RMB 23,000 per tonne. According to the Shanghai Metals Market data, A00 aluminium ingot price has settled at RMB 23,120...
Nalco CMD predicts Aluminium demand to expand by 5% - 6%
The Chairman and Managing Director of the National Aluminium Company Limited (NALCO), Sridhar Patra expects that the demand for aluminium to expand by 5% - 6%. On 18 th October 2021, the aluminium stocks picked up as the world aluminium market witnessed a huge upsurge supported by the statement...
China’s aluminium production dips for the fifth month in row to 3.155 million tonnes in September 2021: NBS
According to the data released by the National Bureau of Statistics, China, the world’s top producer of aluminium, churned out 3.08 million tonnes of primary aluminium. That was down by 2.4 per cent from 3.155 million tonnes a month ago and 2.1 per cent year-on-year, marking the fifth consecutive...
China’s aluminium imports grow 2.2% M-o-M to 252,921 tonnes in September 2021, customs data shows
According to the data shared by the General Administration of Customs on Monday, October 18, China’s aluminium imports rose 2.2 per cent month-on-month to stand at 252,921 tonnes in September 2021. That included both primary and unwrought, alloyed aluminium. In August 2021, China imported 247,547...
A00 aluminium ingot price in China grows for the third consecutive day to RMB24240/t; Aluminium alloy (A356) price gains RMB100/t
A00 aluminium ingot price in China has extended its growth for the third day in a row to reach RMB 24,240 per tonne on October 19. According to the Shanghai Metals Market, the price has grown by RMB 140 per tonne. The average prices are expected to range between RMB 24,220 per tonne and RMB 24,260...
A00 aluminium ingot price exceeds RMB24000/t on October 18; Aluminium alloy (A356) price soars by RMB500/t
A00 aluminium ingot price in China has touched a new milestone by exceeding RMB 24,000 per tonne, found the Shanghai Metals Market. On Monday, October 18, the price has jumped by RMB 450 per tonne to come in at RMB 24,100 per tonne. The average prices are expected to range between RMB 24,080 per...
Aluminium extruder China Zhongwang reports financial distress at Hong Kong bourse
On 15 th October, the aluminium products producer China Zhongwang Holdings Co. stated that it had been alerted of acute distress at two subsidiary companies following the Chinese prices for the silvery shining metal attained a 15-year record high. Liaoyang Zhongwang Superior Aluminium Fabrication...
Aluminium billet inventories in China gain 7,400 tonnes this week to close at 184,400 tonnes
According to the Shanghai Metals Market, aluminium billet inventories in China increased by 7,400 tonnes week-on-week across five major consumption areas. Thus, the inventories stood at 184,400 tonnes on Thursday, October 14. Stock gains in Foshan and Nanchang primarily contributed to the increase...
Rusal plans to supply 300,000-400,000 tonnes of aluminium to China in 2021
Rusal, the Russian aluminium giant and the world’s largest aluminium producer outside China, has reportedly planned to supply 300,000-400,000 tonnes of metal to China in 2021. Compared to the year last, the volume has remained essentially the same. Roman Andryushin, the company's head of sales in...
China’s primary aluminium inventories continue to grow W-o-W to settle at 887,000 tonnes
According to the Shanghai Metals Market, China’s social inventories of primary aluminium grew this week by 25,000 tonnes across eight major consumption areas, including SHFE warrants. On Thursday, October 14, inventories stood at 887,000 tonnes, primarily contributed by arrivals in Wuxi and Nanhai....
China’s A00 aluminium ingot price soars by RMB420/t to close at RMB23650/t; Alumina spot price exceeds RMB4000/t
A00 aluminium ingot price in China has soared by RMB 420 per tonne to close the week at RMB 23,650 per tonne on October 15, found the Shanghai Metals Market. The average prices are expected to range between RMB 23,630 per tonne and RMB 23,670 per tonne, with spot contract to be traded at a premium...
Mounting aluminium prices narrowing profit for fabricators: Shandong Nanshan Aluminium
On 14 th October 2021, the Chairman of Shandong Nanshan Aluminium Co, Lu Zhengfeng stated that in 2021, the Chinese aluminium processors experience diminishing profits anticipated to mounting metal prices. The metal aluminium that is utilised in making of beverage cans to aeroplanes, witnessed a...
A00 aluminium ingot price slips by RMB70/t to settle at RMB23,230/t; Aluminium alloy(A356) price closes lower at RMB27,350/t
According to the Shanghai Metals Market, A00 aluminium ingot price in China has slipped by RMB 70 per tonne on Thursday, October 14, to come in at RMB 23,230 per tonne. The average prices are expected to range between RMB 23,210 per tonne and RMB 23,250 per tonne, with spot contract to be traded at...
China’s Carbon Strategy ushers in a new era of secondary aluminium development
Domestic aluminium scrap accounts for 89 percent of total secondary aluminium raw materials in China, indicating that secondary aluminium manufacturing has become increasingly self-sufficient. China's secondary aluminium manufacturing capacity has surpassed 14 million metric tonnes, accounting for...
Energy crisis defers China Hongqiao's plan of aluminium capacity relocation to Yunnan
On 13th October 2021, the Chairman of the world's largest aluminium producer, China Hongqiao Group stated that the company is deferring the plan to reposition aluminium capacity to Yunnan province precisely for energy restrictions imposed by the provincial government. The Chinese aluminium giant,...
Cameroon’s import of aluminium plates, sheets and strips during 2019-20 reflects remarkable demand; 32% downfall estimated for 2021
As per the global standard, the aluminium industry considers: “Aluminum from 0.008 inches to less than 0.25 inches thick is considered sheet. Thinner aluminium is foil and aluminium 0.250 inches and thicker is plate. Strips are sheets that are machined into units with smaller width for specific...
A00 aluminium ingot price rises by RMB90/t to settle at RMB23330/t; Aluminium alloy (A356) price soars to RMB27450/t
A00 aluminium ingot price witnessed a third-day rise in price as of the week. According to SMM, the primary aluminium ingot price has soared by RMB 90 per tonne to come in at RMB 23,330 per tonne. However, the average prices are expected to range between RMB 23,280 per tonne and RMB 23,320 per...
AZ China consultancy joining both ends of the world in a unique virtual conference about the future of aluminium
AZ China is taking virtual conferences to new horizons, where delegates will have a near to real-life experience attending and smart networking opportunities to make participation rewarding, profitable and fun. We are on the cusp of an amazing new world and this conference will create a space to...
