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 alumina price rises by RMB 13/t; Aluminium price stands lower at RMB 18370/t
The alumina price in China has increased by RMB 13 per tonne on Thursday, 27 May 2021, after remaining flat for the two days in a row. The price stands at RMB 2462 per tonne, from 2449 per tonne, as updated by Shanghai Metals Market. Alumina price in Shandong has climbed by RMB 15 per tonne to...
Jiangsu Zhongji Lamination Materials Co., Ltd bags ASI’s Chain of Custody Standard Certification
Aluminium Stewearship Initiative has successfully certified Jiangsu Zhongji Lamination Materials Co., Ltd against the Chain of Custody (CoC) Standard certification for material conversion activities at the Anhui Maximum Aluminium Industries Co., Ltd. plant in Anhui Province, China. The plant’s main...
A00 aluminium ingot price in China gains RMB20/t to settle at RMB18390/t amid muted input costs
According to the Shanghai Metals Market, A00 aluminium ingot price in China has continued to grow by RMB 20 per tonne to come in at RMB 18,390 per tonne on Wednesday, May 26. The average prices are expected to range between RMB 18,370 per tonne and RMB 18,410 per tonne, with spot contract to be...
European Union plans to impose antidumping duties on Chinese aluminium converter foil
The European Commission has announced its plans to impose antidumping duties on aluminium converter foil imported from China. The duty will range from 16% to29.1%. The antidumping duties will be provisional following the publication of the decision in the EU Official Journal. “The European...
Operating rates at China’s major aluminium processors increase to 77.1%, bolstered by aluminium extrusion orders
Operating rates at major aluminium processors in China rose 2.3 percentage points from a week ago to 77.1 per cent last week, ended on Friday, May 21. The overall growth was due to the significant increase in aluminium construction extrusion orders due to real estate recovery. Orders for aluminium...
China’s aluminium price rises to stand at RMB 18370/t; expected to range at RMB 18350-18390/t
SMM aluminium ingot price registers a hike after four days of decline. The price stands at RMB 18370 per tonne on Tuesday, 25 May 2021, marking an increase of RMB 30 per tonne from Monday’s price of RMB 18340 per tonne. The price is expected to move within a range of RMB 18350-18390 per tonne. In...
Bangladesh: Sonali Paper inks deal with Chinese firm to set up aluminium foil paper plant
The Dhaka Stock Exchange-listed company Sonali Paper and Board Mills Ltd of Bangladesh has inked a deal with Chinese firm Zhangjiagang Fineness Aluminium Foil Co Ltd to set up an aluminium foil paper plant in Naraynganj district’s Rupganj administrative area. On 23rd May 2021, Mohammad Younus,...
China’s aluminium price rally leads to a dip in secondary aluminium operating rates by 0.25 percentage point in April 2021
In April 2021, operating rates at China's secondary aluminium producers stood at 41.35 per cent, inching down by 0.25 percentage point month-on-month but up by 17.92 percentage points year-on-year. Operating rates at large enterprises increased slightly as furnaces resumed normal operation from...
Alumina spot price in China grows for the second consecutive day to RMB2449/t; A00 aluminium ingot price sheds RMB110/t
The average alumina spot price in China has recorded a rise for the second day in a row, albeit lower than the previous day, by RMB 18 per tonne, found the Shanghai Metals Market. So, as of Monday, May 24, the price is standing at RMB 2,449 per tonne. In Shanxi, alumina price has increased by RMB...
Nigeria’s import of aluminium wire during 2018-20 remains unsteady, expenditure rises
The highest GDP maker of Africa, Nigeria has shown that its recovery is expected to be weak and gradual under the current policies. The real GDP growth in 2021 is expected to turn positive at 1.5% and is expected to recover to its pre-pandemic level only in 2022. The West African nation on the Gulf...
World primary aluminium production shrinks 3% M-o-M to 5.56MT in April but increases 5% over the year
World primary aluminium production stood at 5.560 million tonnes in April 2021, reflecting a month-on-month downfall of 3.20 per cent from 5.744 million tonnes, showed the International Aluminium Institute. On a year-on-year calculation, the output in April edged higher by 5.26 per cent from 5.282...
Alumina price in China climbs by RMB 24/t; Aluminium alloy (ADC12) price stands lower at RMB 19150/t
As updated by Shanghai Metals Market, average spot alumina price in China has increased by RMB 24 per tonne on Friday, 21 May 2021 after remaining flat for the two days in a row. The price has come in at RMB 2431 per tonne, from 2407 per tonne. Alumina price in Shandong has risen by RMB 30 per...
China’s aluminium billet inventories shrink 15.8% to stand below 100,000 tonnes this week: SMM
Shanghai Metals Market data showed that aluminium billet inventories decreased by 16,600 tonnes or 15.8 per cent week-on-week across the five major consumption areas in China. That brought the inventories to 88,600 tonnes on May 20, compared to 105,200 tonnes on May 13. The fall in aluminium billet...
Primary aluminium inventories in China extend decline to 1.02 MT as purchase increases on price plunge
Shanghai Metals Market found a week-on-week decline of 41,000 tonnes in primary aluminium ingot inventories to stand at 1.02 million tonnes as of Thursday, May 20. Stocks fell across eight major consumption areas in China except for Chongqing as the last two consecutive days of decrease in A00...
A00 aluminium ingot price in China plummets by RMB440/t amid muted input costs: SMM
A00 aluminium ingot price in China has recorded a sharp fall of RMB 440 per tonne on Thursday, May 20, to come in at RMB 19,110 per tonne, found the Shanghai Metals Market. The average prices are expected to range between RMB 19,090 per tonne and RMB 19,130 per tonne, with spot contract to be...
China’s aluminium price plunges by RMB 310/t; Aluminium alloy (ADC12) price declines to stand at RMB 19450/t
SMM aluminium ingot price registered a decline of RMB 310 per tonne on Wednesday, 19 May 2021. The price stood at RMB 19550 per tonne, from RMB 19860 per tonne on May 18. The price is expected to move within a range of RMB 19530-19570 per tonne today. In Foshan and Wuxi, the price dropped by RMB...
China's major aluminium processors of extrusion to secondary alloy witness growth in operating rates, thanks to demand recovery in real estate
Operating rates at major aluminium processors in China increased 1.7 percentage points last week ended on May 14, with aluminium extrusion segment witnessing the biggest rise driven by demand recovery in the construction sector. Operating rates in the aluminium wire and cable industry rebounded...
Europlasma’s prototype furnace for aluminium waste treatment ready for test in China
The expert in pollution control solutions, Europlasma set forth the progress of its Chinese subsidiary's project aimed at recovering aluminium waste by using plasma technology. The Chinese subsidiary of pollution control expert Europlasma Environmental Technologies (EET) in collaboration with...
