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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Bangladesh import of aluminium stranded wire during 2019-20 shows exponential growth; 2021 envisions 2% upswing
The economy of Bangladesh has visualized being one of the fastest-growing contenders in the world in context to the past few years, with a stable economic performance that has supported to shrink poverty and social inequalities. The country’s GDP growth was estimated to have reached 8.2% in 2019...
A00 aluminium ingot price in China closes RMB90/t higher at RMB17470/t amid muted input costs: SMM
A00 aluminium ingot price in China has climbed by RMB 90 per tonne to close at RMB 17,470 per tonne on Tuesday, April 13, following the two consecutive days of decline, learned the Shanghai Metals Market. The average prices are expected to range between RMB 17,450 per tonne and RMB 17,490 per...
EU sets provisional tariffs on aluminium flat-rolled products from China
Following the preliminary investigation, the European Union has set provisional tariffs on aluminium flat-rolled products from China, as it was established they were being sold into the syndicate at artificially low prices. On 12 th March 2021, the EU’s official journal stated that the European...
Guyana’s import of aluminium structures during 2018-19 reveals drastic downfall; growth re-bounds in 2020
Guyana’s economy demonstrated rapid growth in 2020, despite the devastating effects of the COVID-19 pandemic. According to the World Bank, the country’s GDP is projected to grow by 7.8% in 2021. The nation on South America’s North Atlantic coast has documented 1325 tonnes of aluminium structures...
A00 aluminium ingot price shrinks by RMB110/t to RMB17380/t; Aluminium fluoride price declines to RMB8300/t
A00 aluminium ingot price in China has opened the week on Monday, April 12, with a decline of RMB 110 per tonne to RMB 17,380 per tonne, following two consecutive hikes last week from RMB 17,390 per tonne to RMB 17,490 per tonne, found the Shanghai Metals Market. The average prices are expected to...
China's primary aluminium production in March declines 11% M-o-M but records a growth of 10% on year
According to the recent data revealed by the Shanghai Metals Market, China’s primary aluminium production improved 10.2 per cent year-on-year to 3.35 million tonnes in March 2021 (31 production days). However, on a month-on-month basis, the production stood 10.93 per cent down from 3.02 million...
China’s metallurgical-grade alumina production reflects a hike of 7.12% Y-o-Y to 17.32MT during Q1 2021
Shanghai Metals Market data found a month-on-month surge of 7.17 per cent in China’s March alumina output to 6.28 million tonnes, following the two consecutive months of decline in January and February. In February 2021, China’s alumina production stood at 5.90 million tonnes, reflecting a decrease...
China’s aluminium ingot price stands RMB 20/t higher; Australian alumina FOB price rises to USD 273/t
SMM aluminium ingot price has marked a hike for the second day in a row. The price stands at RMB 17490 per tonne on Friday, 09 April 2021, an increase of RMB 20 per tonne from Thursday’s price of RMB 17470 per tonne. The price is expected to move within a range of RMB 17470-17510 per tonne. In...
China’s aluminium billet stocks decline 12,800 tonnes to 181,000 tonnes on April 8
According to Shanghai Metals Market, stocks of aluminium billet across five major consumption areas in China declined by 12,800 tonnes from a week ago to 181,000 tonnes as of Thursday April 8. Aluminium billet outbound quantity decreased by 9,200 tonnes on the week to 56,800 tonnes last week. The...
Primary aluminium inventories fall by 23,000 tonnes this week to stand at 1.23 million tonnes
Shanghai Metals Market data showed primary aluminium inventories in China lost 23,000 tonnes across eight major consumption areas, including SHFE areas, to stand at 1.23 million tonnes as of April 8, 2021. Last week on April 1, the inventories stood at 1.251 tonnes across China, climbing by 8,000...
A00 aluminium ingot price gains RMB80/t to settle at RMB17470/t; Aluminium alloys prices remain muted
Increase in domestic primary aluminium consumption has led to the growth in China’s A00 aluminium ingot price for the second day this week, even amid the muted raw materials costs. According to the Shanghai Metals Market, A00 aluminium ingot price has built up by RMB 80 per tonne on Thursday, April...
Azerbaijan’s import of aluminium wire during 2018-20 reflects the movement of rapid growth followed by a steady fall
In 2020, the economic growth of Azerbaijan took a toll due to the diminishing global gas and oil prices. The country’s GDP estimated to have declined by 4% during the year, compared with a 2.2% growth in 2019. The economic activity was further restricted by Covid-19 restrictions slowing domestic...
Aluminium price in China stands at RMB 17390/t; Cryolite price down by RMB150/t
SMM aluminium ingot price has dropped after three days of hike. The price declines by RMB 120 per tonne on Wednesday, 07 April 2021 to stand at RMB 17390 per tonne from Tuesday’s price of RMB 17510 per tonne. The price is expected to range at RMB 17370-17410 per tonne. In Foshan and Wuxi, the price...
A00 aluminium ingot price in China stands above RMB17500/t post Qingming Festival; Aluminium Fluoride price declines by RMB100/t
A00 aluminium ingot price in China has witnessed a rise of RMB 80 per tonne to settle at RMB 17,510 per tonne as of Tuesday, April 6, marking the third consecutive hike since April 1, found the Shanghai Metals Market. Data shows the average prices are expected to range between RMB 17,490 per tonne...
Sri Lanka’s import of Aluminium Foil during 2019-20 reveals significant growth; 2021 import hints for further positive development
The unrivalled disruption of COVID-19 has caused geopolitical unrest and as the global order is modified, small emerging market economies like Sri Lanka are exposed to the fallout. Sri Lanka bestrides vital shipping routes and is at the centre of a diplomatic dispute between China and the United...
Prebaked anode price in Southwest China rises to RMB 4282.5/t; Aluminium price inches up by RMB 170/t
Prebaked anode price in Southwest China market has risen by RMB 28 per tonne after a month of restrained. The price currently stands at RMB 4282.5 per tonne on Friday, 02 April 2021 from earlier price of RMB 4002.5 per tonne. It is likely to range at RMB 4135-4430 per tonne. Average prebaked anode...
Primary aluminium inventories increase by 8,000 tonnes on April 1 to stand at 1.25MT
According to the Shanghai Metals Market, social inventories of primary aluminium rose 8,000 tonnes across eight major consumption areas in China, including SHFE warrants, to come in at 1.251 million tonnes as of Thursday, April 1. Last week, on March 25, inventories stood at 1.243 million tonnes...
China’s aluminium billet stocks decline to 193,800 tonnes on April 1
According to Shanghai Metals Market, stocks of aluminium billet across five major consumption areas in China drooped by 4,300 tonnes from a week ago to 193,800 tonnes as of Thursday April 1. Aluminium billet shipments increased by 200 tonnes on the week to 66,000 tonnes. The chart below indicates...
