WEEKLY: China alumina prices edge lower but pace slows as firm costs buffer soft supply glut
Domestic alumina spot prices held steady with slight adjustments last week, and scattered transactions showed mixed pricing. On the supply side, recent domestic alumina operating capacity stayed at around 99.4 million tonnes per year. A new alumina project in Beihai, Guangxi, is expected to start...
Integrated building solutions: DERCHI's OEM/ODM aluminium sliding window capabilities for high-value engineering projects
In the contemporary architectural landscape, executing high-value engineering projects-ranging from premium multi-family residential complexes to expansive commercial developments-demands an unprecedented level of structural precision and design flexibility. Project architects, facade consultants,...
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Prebaked anode price in Southwest China climbs to stand at RMB 3772.5/t; Aluminium price falls by RMB 310/t
Prebaked anode price in Southwest China market has edged higher by RMB 65 per tonne after remaining unchanged since December 4. The price stands at RMB 3772.5 per tonne today from previous price of RMB 3707.5 per tonne. It is likely to range at RMB 3625-3920 per tonne. Average prebaked anode prices...
Alumina producers from low-grade Bauxite “iB2” plan to build an alumina refinery in China’s Shanxi province
iB2, the innovative technology developer, for the production of Alumina from low-grade bauxite will soon initiate feasibility studies for the construction of an alumina plant in China's Shanxi province, with Anne Lauvergeon as Chairman of the board. Yves Occello, CEO of the French company, has two...
A00 aluminium ingot price gains RMB170/t to close the week at RMB15,710/t; Aluminium alloy(A356) price climbs RMB150/t
China's A00 aluminium ingot price has jumped by RMB 170 per tonne on Friday, January 8, to close the week at RMB 15,710 per tonne, found the Shanghai Metals Market. The average prices are expected to range between RMB 15,690 per tonne and RMB 15,730 per tonne, with spot contract to be traded at a...
China’s primary aluminium inventories stand 51,000 tonnes higher at 664,000 tonnes
As updated by Shanghai Metals Market, social inventories of primary aluminium across eight consumption areas in China, including SHFE warrants, continued to rise by 51,000 tonnes from last week to stand at 664,000 tonnes as of Thursday, 07 January 2021. The increase was due to higher arrivals of...
China’s aluminium billet inventories kick-start 2021 with a gain of 14,900 tonnes week-on-week
According to the Shanghai Metals Market, 6063 aluminium billet inventories have gained 14,900 tonnes across China's five consumption areas on Thursday, January 7. Data shows the stocks have come in at 85,700 tonnes from 70,900 tonnes on November 31. Last Thursday, the inventories dropped by 1,500...
China’s alumina price stands marginally higher; Alumina (Imported) price stands at RMB 2460/t
As updated by Shanghai Metals Market, average spot alumina price in China has increased by RMB 2 per tonne on Thursday, 07 January 2021 to come in at RMB 2340 per tonne, after remaining flat at 2338 per tonne since December 29. Alumina price in Shanxi has risen by RMB 5 per tonne to stand at RMB...
China’s aluminium price rises by RMB 100/t after five days; Aluminium Alloy (A356) stands at RMB 16400/t
SMM aluminium ingot price has registered a hike after five days of drop. As of Tuesday, 05 January 2021, the price now stands at RMB 15690 per tonne, marking growth of RMB 100 per tonne from Monday’s price of 15590 per tonne. The price is expected to range at RMB 15670-15710 per tonne. In Foshan...
Hong Kong’s import of Aluminium Foil during 2018-20 unveils growth
The year 2020 has been a tough year for Hong Kong’s economy. The region was already in a recession in 2019 due to US-China trade tensions and domestic social unrest. In the first two quarters of 2020, real GDP shrunk by around 9% year-on-year. Hong Kong’s import of aluminium foil has recorded 5563...
A00 aluminium ingot price declines for the fifth consecutive day to RMB15590/t; Prebaked anode price up by RMB60/t
According to the Shanghai Metals Market, A00 aluminium ingot price in China has reopened the market after the New Year Holiday with a plunge of RMB 120 per tonne to stand at RMB 15,590 per tonne, as of January 4, 2021. This marks the fifth consecutive day of decline since December 28, 2020. The...
China’s secondary aluminium operating rates increase 5 percentage points M-o-M to 62.4% in Nov’20
According to the Shanghai Metals Market, China’s secondary aluminium producers operating rates gained 4.9 percentage points month-on-month in November 2020, following a decline in October. The operating rates came in at 62.4 per cent, down 0.1 percentage point year-on-year, showed the data. The...
Primary aluminium inventories gain 27,000 tonnes to close the year at 613,000 tonnes
According to the Shanghai Metals Market, social inventories of primary aluminium built up 27,000 tonnes on Thursday, December 31. The inventories thus, closed the year 2020 at 613,000 tonnes across eight major consumption areas, including SHFE warrants. Last week, on December 24, the inventories...
China’s aluminium billet inventories inches down by 1,500 tonnes on week due to lower arrivals
According to Shanghai Metals Market, stocks of 6063 aluminium billet across five major consumption areas in China declined by 1,500 tonnes on lower arrivals at warehouses. The inventories came in at 70,900 tonnes as of Thursday, 31 December 2020. The chart below indicates the current status of...
China’s Aluminium ingot price fell by RMB60/t to RMB15710/t; Aluminium Alloy (A356) declines by RMB50/t
SMM aluminium ingot price has dropped for the fourth day in a row. As of Thursday, 31 December 2020, the price now stands at RMB 15710 per tonne. This is down by RMB 60 per tonne from Wednesday’s price of 15,770 per tonne. The price is expected to range at RMB 15690-15730 per tonne. In Foshan and...
World alumina production up by 5.67% Y-o-Y to 11.385MT in Nov’20; Total production during Jan-Nov edged higher by 1%
World alumina production in November 2020 stood at 11.385 million tonnes, representing a month-on-month downfall of 1.10 per cent, according to the data revealed by the International Aluminium Institute (IAI). In October, world alumina output was 11.511 million tonnes, up by 6.04 per cent from...
A00 aluminium ingot price extends decline for the third consecutive day to RMB15770/t; Imported alumina price grows by RMB25/t
A00 aluminium ingot price in China has extended downfall by RMB 100 per tonne to stand at RMB 15,770 per tonne on Wednesday, December 30, marking the third consecutive day of decline, according to the Shanghai Metals Market. The average prices are expected to range between RMB 15,750 per tonne and...
China’s alumina price rises to stand at RMB 2338/t; Alumina (Imported) price climbs by RMB 40/t
The average spot alumina price in China has registered a hike for the second day in a row, as updated by Shanghai Metals Market. The price has marked an increase of RMB 9 per tonne to stand at RMB 2338 per tonne on Tuesday, 29 December 2020. The prices of alumina in Shandong, Henan, Shanxi and...
Armenia’s import of Aluminium Foil during 2018-19 shows de-growth; import for 2020 marks 8.70% growth
The COVID-19 outbreak has been the reason for serious political and socio-economic problems in many countries, including Armenia. Even before the COVID-19 pandemic hit the country, acting Prime Minister Nikol Pashinyan had an intense political struggle with representatives of former political...
China’s domestic auto market shows steady growth with sales to reach 25 million units at the end of 2020: CAAM
The automobile market in China started recovering in April 2020, with production and sales achieved year-on-year growth. According to China Association of Automobile Manufactures (CAAM) forecast, the domestic auto market is likely to achieve steady growth in the next five years, with sales...
