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...
Grow with
AL Circle
China’s primary aluminium inventories see the sharpest fall this week by 51,000 tonnes since the beginning of July
According to the Shanghai Metals Market, China’s social inventories of primary aluminium have continued to fall for the fourth week in a row, ending on Thursday, July 29. Extending the downfall by 51,000 tonnes week-on-week across eight consumption areas, including SHFE warrants, the inventories...
China's aluminium processors operating rates continue to fall by 4.3 percentage points as severe floods in Henan dampen buying interest
Major aluminium processors in China faced a downfall in operating rates last week by 4.3 percentage points to 66.5 per cent. In Henan, operating rates slumped 24.6 percentage points to 41 per cent, the sharpest decline among all regions, as local enterprises were forced to reduce or suspend...
ASI welcomes GUANGZHOU KINGKEE METAL MANUFACTURE CO., LTD as 180th Production & Transformation member
The Aluminium Stewardship Initiative has successfully welcomed GUANGZHOU KINGKEE METAL MANUFACTURE CO., LTD as a Production & Transformation member, bringing the total number of members to 180. GUANGZHOU KINGKEE METAL MANUFACTURE CO., LTD is deeply engaged in the aluminium industry for more than 20...
China’s aluminium price stands at RMB 19540/t; Aluminium alloy (ZLD102) drops by RMB 100/t
SMM aluminium ingot price registered a drop after two days of hike. The price stood at RMB 19540 per tonne on Tuesday, July 27 2019, a decline of RMB 90 per tonne from RMB 19630 per tonne on July 26. The price is expected to move within a range of RMB 19520-19560 per tonne today. In Foshan and...
World alumina production reflects a Q-o-Q hike of 4% to 35.625MT in 2Q2021; Output in June drops 4% M-o-M
According to the recent data released by the International Aluminium Institute, world alumina production in June 2021 stood at 11.695 million tonnes. That was a month-on-month decline of 4.26 per cent from 12.216 million tonnes but a year-on-year increase of 6.14 per cent from 10.990 million...
A00 aluminium ingot price in China grows above RMB19500/t; Aluminium alloys(ADC12) price gains RMB200/t
A00 aluminium ingot price in China has opened the week on Monday, July 26, with a surge of RMB 300 per tonne to come in at RMB 19,630 per tonne. The average prices are expected to range between RMB 19,610 per tonne and RMB 19,650 per tonne, with spot contract to be traded at a premium price of RMB...
Primary Aluminium Weekly Recap: LME aluminium price trended up this week to US$2449/t; South32 reported a 3% Q-o-Q rise in aluminium production in 4QFY21
The world primary aluminium market has been eventful this week right from reporting a hike in the LME aluminium benchmark price to marking five successful decades of the Gulf Aluminium Industry. Both LME aluminium cash (bid) price and LME official settlement price increased this week starting at...
China’s aluminium price jumps by RMB 270/t; Aluminium alloy (ADC12) price rises to RMB 18850/t
SMM aluminium ingot price increased by RMB 270 per tonne from Thursday. The price stood at RMB 19330 per tonne on Friday, July 23, 2021, from RMB 19060 per tonne. The price is expected to move within a range of RMB 19310-19350 per tonne today. In Foshan and Wuxi, the price inched up by RMB 270 per...
China’s aluminium billet inventories decline by 0.9% to 119,600 tonnes
According to Shanghai Metals Market, stocks of 6063 aluminium billet across five major consumption areas in China declined by 0.9% 1,200 tonnes from the previous week to 119,600 tonnes on Thursday, July 22, 2021. Aluminium billet outbound volume fell by 1,800 tonnes to 46,500 tonnes last week. The...
China’s primary aluminium inventories slip by 23,000 tonnes to stand at 809,000 tonnes on July 22
Social inventories of primary aluminium in China have continued to fall this week by 23,000 tonnes across eight major consumption areas, including the SHFE warrants, found the Shanghai Metals Market. Data shows the inventories have thus come in at 809,000 tonnes as of Thursday, July 22, compared to...
Alumina spot price in China climbs by RMB31/t after a week-long restraint; A00 aluminium ingot price slips to RMB19060/t
According to the Shanghai Metals Market, the average alumina spot price in China has increased by RMB 31 per tonne after remaining restrained at RMB 2,489 per tonne for a week. Thus, the price has come in at RMB 2,520 per tonne as of Thursday, July 22. In Henan, the average alumina price has gained...
China to release 90,000 tonnes of aluminium in the second batch on July 29
According to a recent report, China National Food and Strategic Reserves Administration will release 90,000 tonnes of aluminium from state reserves in the second batch on July 29. Companies can apply for the bidding during July 21-26. This news followed the National Development and Reform...
World primary aluminium production in 2Q2021 increases 1% Q-o-Q and 5% Y-o-Y to 16.842 million tonnes: IAI
World primary aluminium production in June 2021 stood at 5.549 million tonnes, bringing the total output during the second quarter of the year to 16.842 million tonnes, found the International Aluminium Institute. Production in June reflected a month-on-month decrease of 3.50 per cent from 5.750...
China’s aluminium ingot price climbs to RMB 19090/t; Aluminium alloy (A356) price rises by RMB50/t
SMM aluminium ingot price increased by RMB 50 per tonne after two days of decline. The price came in at RMB 19090 per tonne on Wednesday, July 21, 2021, from RMB 19040 per tonne on July 20. The price is expected to move within a range of RMB 19070-19110 per tonne today. In Foshan and Wuxi, the...
Dengfeng Power Group’s aluminium alloy plant halted operations due to floodwaters
Dengfeng Power Group Co Ltd’s aluminium alloy unit stopped production as flooding water entered the plant, according to Reuters report. The incident occurred after water spread into a high-temperature solution in the alloy tank and caused a blast. The Dengfeng government said in a statement that no...
China's A00 aluminium ingot price continues to decline to RMB19040/t; Aluminium alloy(A356) price plunges by RMB300/t
A00 aluminium ingot price in China has continued to decrease for the second straight day to come close to RMB 19,000 per tonne. According to the Shanghai Metals Market, the price has plunged by RMB 290 per tonne to settle at RMB 19,040 per tonne on Tuesday, July 20.The average prices are expected...
Kazakhstan’s import of aluminium container during 2019-20 records impressive growth; 13% slash estimated for 2021
Kazakhstan will resist deeper integration and strengthen its ties with China and the West, while its relationship with Russia remains crucial. The country’s GDP forecast says that it will return to the pre-crisis level by the end of 2021 and the economy will pursue to be sensitive to commodity...
China to continue release aluminium from state reserves in batches: Source
The National Development and Reform Commission (NDRC) said on Monday, July 19, that China would continue to release aluminium from state reserves to lower the metal price. In a rare move aimed at cooling a rally in metal prices that has moved up raw materials costs for Chinese downstream aluminium...
