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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ASI certifies Shangqiu Yangguang Aluminium Product Co., Ltd. against Chain of Custody Standard certification
Aluminium Stewardship Initiative has certified Shangqiu Yangguang Aluminium Product Co., Ltd. against its Chain of Custody Standard certification for aluminium smelting, cold rolling, annealing and packing operations, and related management activities. Shangqiu Yangguang Aluminium’s main products...
China’s primary aluminium inventories rise to 741,000 tonnes on August 19
As updated by Shanghai Metals Market, social inventories of primary aluminium across eight consumption areas in China, including SHFE warrants, increased 2,000 tonnes this week. The stocks came in at 741,000 tonnes as of Thursday, 19 August 2021. The chart below shows the status of the primary...
China’s aluminium billet inventories grow for the third week in a row to 130,630 tonnes on low buying interest among consumers
According to the Shanghai Metals Market, aluminium billet inventories in China have continued to grow for the third week in a row by 13,100 tonnes or 11.1 per cent on Thursday, August 19. This brings the inventories to 130,630 tonnes from 117,560 tonnes last week, August 12. SMM survey showed...
Beyond the Horizon: AZ China to hold next virtual conference on 16th – 18th November 2021
AZ China Ltd. will be holding its next conference virtually from 16th to 18th of November 2021. This year the conference brings industry leaders and many sought-after speakers from China and the world to discuss the future of the industry globally. AZ China is a leading consultancy firm in China...
Operating rate at China’s large aluminium processing enterprises drops slightly by 0.6 percentage point
Operating rate at China’s large aluminium processing enterprises dropped 0.6 percentage point last week ended August 13, attributing mainly to production and transportation disruptions caused by spreading pandemic and power consumption restrictions. Besides, high aluminium prices affected...
China’s aluminium ingot price grows by RMB 110/t; Aluminium alloy (A356) inches up to RMB 20950/t
SMM aluminium ingot price increased after registering a drop yesterday. The price grew by RMB 110 per tonne to stand at RMB 20340 per tonne on Wednesday, August 18, from RMB 20230 per tonne on August 17. The price is expected to move within a range of RMB 20320-20360 per tonne today. In Foshan and...
A00 aluminium ingot price in China dips by RMB20/t to stand at RMB20230/t; Caustic soda price inches down by RMB5/t
A00 aluminium ingot price in China has dipped by RMB 20 per tonne on Tuesday, August 17, to come in at RMB 20,230 per tonne, following a hike of RMB 200 per tonne on the previous day, found the Shanghai Metals Market. The average prices are expected to range between RMB 20,210 per tonne and RMB...
ALUFUN joins ASI as new General Supporter member
ALUFUN has joined ASI as a new General Supporter member, bringing the total number of ASI Members to 187. The company is committed to explore, research and develop commercial interiors design in aluminium furniture industry. ALUFUN (SHANGHAI ALUFUN ADVANCED MATERIALS TECHNOLOGY CO.LTD) offers the...
China’s aluminium production slightly down MoM in July, but up YoY
China’s production of aluminium declined for the third month in a row due to power shortages. The primary aluminium output came in at 3.26 million tonnes in July, an increase of 7.4% year-on-year, according to the National Bureau of Statistics. On a monthly basis, the production reduced by 0.9%...
China’s alumina price stands at RMB 2644/t; Aluminium alloy (ADC12) price rises by RMB 200/t
The alumina price in China has marked a growth of RMB 13 per tonne. The price stands at RMB 2644 per tonne on Monday, 16 August 2021, from 2631 per tonne, as updated by Shanghai Metals Market. The prices of alumina in Shandong, Henan and Shanxi markets have risen to stand at RMB 2640 per tonne, RMB...
ASI certifies Yunnan Yongshun Aluminium Co., Ltd. against Chain of Custody Standard Certification
Aluminium Stewardship Initiative has reportedly certified Yunnan Yongshun Aluminium Co., Ltd. against the ASI Chain of Custody Standard Certification for its smelting, casting and sawing activities for the production of aluminium alloy flat ingots. Yunnan Yongshun Aluminium Co., Ltd., a joint...
Primary Aluminium Weekly Recap: LME aluminium price gains US$55/t to stand at US$2602/t; China’s aluminium production grows 1.86% in July
Right from the hike in LME aluminium benchmark price to new consumption restrictions on Chinese aluminium producers, primary aluminium market has spotted some of the important news this week. From US$ 2,547 per tonne on Monday, August 9, both LME aluminium cash (bid) price and LME official...
Aluminium billet inventories in China further grow by 14,400 tonnes this week due to decreased outbound quantity
According to the Shanghai Metals Market, aluminium billet inventories in China increased by 14,400 tonnes on Thursday, August 12, across the five major consumption areas, as was estimated in the previous week. SMM data found the inventories stood at 117,600 tonnes this week compared to 103,200...
A00 aluminium ingot price in China grows by RMB30/t to close the week at RMB20,050/t: SMM
A00 aluminium ingot price in China has climbed by RMB 30 per tonne to close the week, ending on Friday, August 13, at RMB 20,050 per tonne, found the Shanghai Metals Market. The average prices are expected to range between RMB 20,030 per tonne and RMB 20,070 per tonne, with spot contract to be...
China’s aluminium wire and cable sector’s operating rate drops to 41.12% in July 2021; Likely to recover in August to 45%
Shanghai Metals Market found that aluminium wire and cable sector’s operating rate stood at 41.12 per cent in July 2021, reflecting a drop of 0.2 percentage point from June. But on a year-on-year calculation, it edged 0.4 percentage point higher. The month-on-month decrease in operating rate in...
Primary aluminium inventories in China grow after five consecutive weeks of decline; Inventories standing at 739,000 tonnes
According to the Shanghai Metals Market, China’s social inventories of primary aluminium gained 7,000 tonnes over the week across eight major consumption areas, including SHFE warrants. Thus, as of Thursday, August 12, primary aluminium inventories in China have come in at 739,000 tonnes. China has...
Ukraine’s import of aluminium powder and flakes during 2018-20 remains volatile; 7% contraction estimated for 2021
Aluminium flakes is an ingredient that comes from aluminium powder through the dry ball milling process. However, its shape remains irregular under microscopic examination. Aluminium powders, pastes, and flakes are broadly used in industrial, automotive, chemical, construction, explosives, defence,...
China's Tianshan Aluminium to acquire 49% of shares of Indonesian bauxite mining company
On Tuesday, August 10, Tianshan Aluminum Group Co.,Ltd. announced that it signed a letter of intent with an unnamed Indonesian mining holding company and its controller. According to the letter of intent signed, Tianshan will buy a minimum of 49 per cent of shares of the bauxite company through...
