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 aluminium products imports climb by 30% MoM to 294,081 tonnes in June
Acording to the data released by the General Administration of Customs, China's imports of unwrought aluminium and products - which include primary metal and unwrought, alloyed aluminium increased month-on-month by 30% in June. Imports of unwrought aluminium and products stood at 294,081 tonnes...
China’s aluminium ingot price drops by RMB 80/t; Aluminium alloy (ZLD102) price stands lower at RMB20,000/t
SMM aluminium ingot price marked a decline of RMB 80 per tonne in Monday, 19 July, 2021. The price stood at RMB 19330 per tonne, from RMB 19410 per tonne on July 16. The price is expected to move within a range of RMB 19310-19350 per tonne today. In Foshan and Wuxi, the price dropped by RMB 60 per...
Weekly update: Aluminium ingot price in China performed higher this week; Alumina price remained flat
SMM aluminium ingot price performed higher this week. The week started with an increase of RMB 210 per tonne and RMB 100 per tonne on Monday and Tuesday to RMB 19060 per tonne and RMB 19160 per tonne. The price then dropped to RMB 19140 per tonne, down RMB 20 per tonne on Wednesday. Aluminium price...
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China’s aluminium alloy (A356) price hit RMB20,000/t mark on July 16; A00 aluminium ingot price grows to RMB19,410/t
According to the Shanghai Metals Market, aluminium alloys prices have closed the week on Friday, July 16, on a positive note across China. Aluminium alloy (A356) price has grown by RMB 150 per tonne to touch the mark of RMB 20,000 per tonne. The average prices are expected to range between RMB...
China’s aluminium billet inventories down by 3,000 tonnes to 120,800 tonnes
According to Shanghai Metals Market, stocks of 6063 aluminium billet across five major consumption areas in China declined by 2% this week. The inventories fell by 3,000 tonnes from the previous week to 120,800 tonnes on Thursday, July 15, 2021. Aluminium billet outbound volume rose by 800 tonnes...
China’s primary aluminium inventories continue to fall by 26,000 tonnes this week: SMM
According to the Shanghai Metals Market, China’s primary aluminium inventories continue to fall this week by 26,000 tonnes across eight major consumption areas, including SHFE warrants. Therefore, as of Thursday, July 15, China’s primary aluminium inventories have come in at 832,000 tonnes compared...
China’s primary aluminium output hit six-year highs at 19.64 million tonnes in 1H2021: NBS
According to the data released by the National Bureau of Statistics (NBS), China’s primary aluminium output hit multi-year highs at 19.64 million tonnes in the first half of 2021. That was up by 10.1 per cent from a year ago, as smelters were encouraged by aluminium prices well above break-even...
China’s aluminium price inches up by RMB 140/t; Aluminium alloy (ADC12) price stands at RMB 18500/t
SMM aluminium ingot price marked a hike of RMB 140 per tonne. The price stood at RMB 19280 per tonne on Thursday, July 15, 2021, from RMB 19140 per tonne on July 14. The price is expected to move within a range of RMB 19260-19300 per tonne today. In Foshan and Wuxi, the price rose by RMB 150 per...
China’s A00 aluminium ingot price slips by RMB20/t after three days of hike; Aluminium alloy (A356) price grows to RMB19750/t
A00 aluminium ingot price in China has recorded a dip of RMB 20 per tonne on Wednesday, July 14, following the past three consecutive days of decline, found the Shanghai Metals Market. Therefore, the price is standing at RMB 19,140 per tonne, with average prices expected to range between RMB 19,120...
China’s aluminium production edges 3% lower M-o-M but grows 7% on year to 3.22MT in June’21
According to the Shanghai Metals Market, China produced 3.22 million tonnes of aluminium in June 2021. That was down by 3.01 per cent month-on-month from 3.32 million tonnes after a hike last month. But on a year-on-year calculation, the output stood up by 7.3 per cent from 3 million tonnes....
Primary Aluminium Weekly Recap: Alcoa Corporation to supply low-carbon primary aluminum EcoLumTM to Erbslöh Aluminium; China’s state metal reserves sold 50,000 tonnes of aluminium
Primary aluminium sector witnessed China’s state metal reserves took only one of two days allotted of the auction to sell 50,000 tonnes of aluminium. LME official settlement price extended decline for the third day in a row, while SMM aluminium price performed mixed this week. Let's summarize some...
China’s alumina production in June'21 reflects a decline of 4.7%; Output stands at 6.12 million tonnes
According to the Shanghai Metals Market data, China’s alumina production in June 2021 stood at 6.12 million tonnes, reflecting a downfall of 4.67 per cent from 6.42 million tonnes in the previous month. The output included 5.91 million tonnes of metallurgical grade alumina, which was 4.84 per cent...
Zambia’s import of aluminium stranded wires during 2018-20 manifests robust growth; 11% drop predicted for 2021
The Zambian economy drove towards a deep recession due to the unfavourable impact of the COVID–19 pandemic. In 2020, the real GDP plunged by an estimated 4.9%, following the 4.0% growth in 2018 and 1.9% in 2019. The landlocked southern African nation, Zambia, during 2018-20 recorded 6139 tonnes of...
China’s aluminium price inches up to RMB 18850/t; expected to range at RMB 18830-18870/t
SMM aluminium ingot price stands at RMB 18850 per tonne on Friday, July 9, 2021, marking an increase of RMB 30 per tonne from Thursday’s price of RMB 18820 per tonne. The price is expected to move within a range of RMB 18830-18870 per tonne. In Foshan, the price has increased by RMB 20 per tonne to...
China’s aluminium billet inventories gain 12,600 tonnes this week on feeble demand with the arrival of traditional off-season
According to the Shanghai Metals Market, aluminium billet inventories have built up 12,600 tonnes or 11 per cent this week on Thursday, July 8, to stand at 123,800 tonnes. SMM found that with the arrival of the traditional off-season, the demand and consumption of downstream aluminium fell,...
China’s primary aluminium inventories fall to 858,000 tonnes on July 8
As updated by Shanghai Metals Market, social inventories of primary aluminium across eight consumption areas in China, including SHFE warrants, dropped 18,000 tonnes this week. The stocks stood at 858,000 tonnes as of Thursday, 08 July 2021. The chart below shows the status of the primary aluminium...
A00 aluminium ingot price in China extends decline to RMB18820/t; Caustic soda (32% concentration) price gains RMB20/t
A00 aluminium ingot price in China has extended its decline by RMB 20 per tonne to come in at RMB 18,820 per tonne on Thursday, July 8, found the Shanghai Metals Market data. The average prices are expected to range between RMB 18,800 per tonne and RMB 18,840 per tonne, with spot contract to be...
China’s state metal reserves sold 50,000 tonnes of aluminium in just one day of two days auction on July 5-6
According to a report on Tuesday, July 6, China’s state metal reserves took only one of two days allotted of the auction to sell all the aluminium and copper that was on offer. Last month, the National Food and Strategic Reserves Administration announced that it would sell 50,000 tonnes of...
