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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Average alumina spot price in China opens the week higher at RMB3733/t; Aluminium fluoride price soars by RMB400/t
The average alumina spot price in China has opened the week on Monday, September 27, soaring by RMB 126 per tonne to come in at RMB 3,733 per tonne, found the Shanghai Metals Market. The continued raw materials supply disruptions from Guinea as well as domestic alumina production cut as refineries...
Downstream Aluminium Weekly Recap: Aluminium alloy price soared by RMB1000/t and above for two days in a row; US announced anti-dumping duties on aluminium foil from Armenia
One of the most prominent incidents we have witnessed in the downstream aluminium sector this week is the aluminium alloy price soar in China. On two consecutive days this week, aluminium alloy (A356) price saw a steep growth of RMB 1000 per tonne and more. After resuming from the Mid-Autumn...
Primary Aluminium Weekly: World Primary Aluminium production drops 0.60% M-o-M to 5.699 million tonnes in August 2021; Alcoa to invest more on stability in 2022
The global primary aluminium segment remained highlighted this week definitely due to the price factor but also for multiple reasons. The Pennsylvania-USA based Alcoa is gearing up to resume its idled aluminium smelter in Brazil, as it smelled the prices of aluminium sky-rocketing and production...
Primary aluminium inventories in China rise 23,000 tonnes week-on-week to 789,000 tonnes: SMM
According to the Shanghai Metals Market, social inventories of primary aluminium rose 23,000 tonnes on the week across eight major consumption areas, including SHFE warrants. SMM data showed the inventories as of Thursday, September 23, came in at 789,000 tonnes. The increase was mostly contributed...
Aluminium billet inventories in China continue to grow by 8,200 tonnes to stand at 157,000 tonnes this week
Aluminium billet inventories in China grew further this week ended September 23, 2021, to stand at 157,000 tonnes. According to the Shanghai Metals Market, inventories rose by 8,200 tonnes over the week across the five major Chinese consumption areas. Huzhou and Changzhou were the leading...
A00 aluminium ingot price increases by RMB500/t; Aluminium alloy (A356) price escalates by RMB1250/t to exceed RMB27000/t
A00 aluminium ingot price observed a record rise for the second day following the 4-day holiday. According to SMM, the primary aluminium ingot price has escalated by RMB 500 per tonne to come in at RMB 23,320 per tonne. However, the average prices are expected to range between RMB 23,300 per tonne...
Aluminium alloy(A356) price soars by RMB1000/t to exceed RMB26000/t; A00 aluminium ingot price climbs by RMB80/t
According to the Shanghai Metals Market, Aluminium alloy (A356) price has resumed after the Mid-Autumn Festivals holiday with a surge of RMB 1,000 per tonne to exceed RMB 26,000 per tonne on September 22. As per the data, the price is standing at a new high of RMB 26,050 per tonne, with average...
World Primary Aluminium production drops 0.60% M-o-M to 5.699 million tonnes in August 2021 but stands 3.15% higher on year
According to the International Aluminium Institute, world primary aluminium production in August 2021 amounted to 5.699 million tonnes, a decrease of 0.60 per cent from 5.733 million tonnes in July 2021. But on a year-on-year basis, the output in August stood 3.15 per cent higher than 5.525 million...
China’s unwrought aluminium and products imports decline 21% M-o-M to 247,547 tonnes in August 2021
According to the latest data shown by the General Administration of Customs on Saturday, September 18, China imported 247,547 tonnes of unwrought aluminium and aluminium products, which also included primary metal. That was 20.7 per cent lower than 312,086 tonnes in July and down 42.4 per cent from...
India imposes anti-dumping duty on aluminium foil imports from China, Thailand, Indonesia and Malaysia
The Ministry of Finance, Govt. of India has imposed definitive anti-dumping duty on aluminium foil imports of thickness 80 microns and below from China, Malaysia, Thailand and Indonesia. The validation of the duty is for five years, while it ranges from $93.53 to $976.99 per tonne depending on the...
Primary Aluminium Weekly Recap: China’s August aluminium output falls for the fourth straight month to 3.16 MT; Japanese buyer to pay $220/t premium for Q4 aluminium shipments
The most notable event we witnessed this week in the global primary aluminium sector was the LME aluminium price leap to a 13-year high at US$3,000 per tonne, fuelled by raw materials supply disruptions in Guinea coupled with production restrictions in China. But both the LME aluminium cash (bid)...
Strict power rationing in Guizhou and Guangxi may affect 4.4 million mt of annual aluminium production capacity
The Shanghai Metals Market (SMM) survey revealed that in 2021, Guizhou Provincial Energy issued a notice on the orderly power utilisation plan in Guizhou Province. The main motive behind the plan was to respond to the power supply issue in the local regions and also to ensure a safe and stable...
Yunnan Aluminium Co., Ltd. reduces 2021 output target by 2% to 2.36 million tonnes due to new production restrictions
Yunnan Aluminium Co., Ltd. has reduced its 2021 production target by more than 500,000 tonnes or almost 18 per cent after the local government enforced production curb for the rest of the year. The news came after the company, which uses Yunnan’s hydropower sources for the energy-intensive smelting...
Raw materials supply distress globally drives China’s imported alumina price to a 3-year high at US$492/t, shows SMM
Disruptions in primary aluminium raw materials supply due to the ongoing political unrest in Guinea, the largest supplier to the world’s leading aluminium producer China, has driven the latter’s imported alumina price to a 3-year high. According to the Shanghai Metals Market, the Australian alumina...
Aluminium billet inventories in China grow for the third week in a row to 148,840 tonnes
According to the Shanghai Metals Market, aluminium billet inventories in China have grown for the third week in a row, albeit lower than the previous weeks. SMM data shows the inventories have gained only 3,340 tonnes across five major consumption areas to stand at 148,840 tonnes on September 16....
China’s primary aluminium inventories gain 15,000 tonnes this week to stand at 766,000 tonnes: SMM
The social inventories of primary aluminium in China have built up by 15,000 tonnes week-on-week across eight major consumption areas, including SHFE warrants, to stand at 766,000 tonnes as of September 16, found the Shanghai Metals Market. On the last Thursday, September 9, the inventories grew by...
China’s alumina spot price climbs RMB154/t to surpass RMB3600/t; A00 aluminium ingot price soars by RMB500/t
The average alumina spot price has continued to surge in China, fuelled by domestic production cut due to refineries shut down and raw materials supply disruption due to ongoing political unrest in Guinea. According to the Shanghai Metals Market, alumina price has jumped by RMB 154 per tonne to...
China’s primary aluminium output in August drops 3% M-o-M to 3.16 million tonnes on strict production restrictions: NBS
The National Bureau of Statistics showed on Wednesday, September 14, that China’s aluminium output in August fell for the fourth straight month, attributing to tight restrictions on metal production and power usage. As per the data, the world’s top aluminium producer churned out 3.16 million tonnes...
