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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Recap 2020: Slowdown in production activities due to COVID19 let down primary aluminium demand & prices; Recovery began in H2
The first half of 2020 experienced a steady drop in primary aluminium prices worsened by falling demand for the metal due to the COVID19 pandemic. Slowdown in global economy caused by the unprecedented crisis touched upon almost all the industrial sectors, including automobile, construction, and...
Primary aluminium inventories in China inch down by 3000 tonnes W-o-W to peg at 586,000 tonnes
According to the latest data shared by the Shanghai Metals Market, the social inventories of primary aluminium slipped by 3,000 tonnes over the week across eight major consumption areas on Thursday, December 24. Hence, the inventories are now standing at 586,000 tonnes compared to 589,000 tonnes on...
Aluminium billet inventories in China slip by 600 tonnes week-on-week
According to Shanghai Metals Market, stocks of 6063 aluminium billet across five major consumption areas in China declined by 600 tonnes from a week ago to 72,400 tonnes as of Thursday, 24 December 2020. The chart below indicates the current status of aluminium billet inventories across China in...
Aluminium ingot price in China stands at RMB 16310/t; Aluminium Alloy (A356) price up by RMB 50/t
SMM aluminium ingot price has registered a hike for the second day in a row. The price stands at RMB 16310 per tonne on Friday, 25 December 2020, marking an increase of RMB 40 per tonne. The price is expected to range at RMB 16290-16330 per tonne. In Foshan and Wuxi, the price has risen by RMB 60...
Tanzania’s import of Aluminium cans during 2018-20 illustrates a sharp decline
TEU, the 14 th Tanzania Economic Update organised by World Bank forecasts that economic growth to drop sharply in 2020, to 2.5% from the 6.9% growth the government reported in 2019 while recognizing significant uncertainty as the Covid-19 pandemic continues to unfold. The East African nation’s...
A00 aluminium ingot price jumps by RMB210/t after three days of decline in a row; Alumina spot price settles at RMB9/t higher
A00 aluminium ingot price in China has registered a hike on Wednesday, December 24, after three consecutive days of decline during December 21-23 from RMB 16,960 per tonne to RMB 16,060 per tonne. The price today is standing at RMB 16,270 per tonne after growing by RMB 210 per tonne, found the...
Recap 2020: Production & consumption balance in alumina market buoys steady price trend amid the COVID-19 pandemic
Alumina market witnessed a controlled price trend in 2020 as there had been a fair balance between production and consumption of the ore, even amid the unprecedented COVID-19 pandemic. In the first few months of the year, the prices trended down significantly due to lower buying interests among...
Novelis wins three influential automotive industry awards for its aluminium alloy
Novelis Inc. has received three influential industry awards for its Novelis Advanz™ 6HS-s615 aluminium alloy. The three awards include “2020 China Automobile & Parts Industry Developing & Innovation Award” issued by Automobile and Parts, “2020 Lingxuan Innovation Award” enacted by Auto Business...
World primary aluminium production drops 3% M-o-M to 5.471MT in November 2020; Total output during Jan-Nov hikes 2.56%
According to the latest data released by the International Aluminium Institute (IAI), world primary aluminium production in November 2020 stood at 5.471 million tonnes, recording a downfall of 3.03 per cent month-on-month from 5.642 million tonnes. This decline comes after an intermittent hike of...
Baowu Group begins production at its aluminium alloy project
According to Reuters report, China's Baowu Steel Group has commenced production at the first phase of an aluminium alloy project in Henan. The project, which started construction in February 2019, has an annual capacity of 300,000 tonnes. The company has made an investment of around seven billion...
China’s A00 aluminium ingot price extends downfall to RMB16350/t; Aluminium fluoride price dwindles by RMB100/t
According to the Shanghai Metals Market, A00 aluminium ingot price has extended the downfall, although slower than on December 21, to stand at RMB 16,350 per tonne, as of Tuesday, December 22. The price today has fallen by RMB 180 per tonne compared with the decline of RMB 430 per tonne on Monday....
Aluminium ingot price in China falls by RMB 430/t; Aluminium alloy (ADC12) price stands at RMB 17400/t
SMM aluminium ingot price marks a drop of RMB 430 per tonne after three days of rise. The price now stands at RMB 16530 per tonne on Monday, December 21, 2020 from Friday’s price of RMB 16960 per tonne. The price and is expected to move within a range of RMB 16510-16550 per tonne. In Foshan and...
Aluminium specialist MQP doubles Optifine grain refiner production capacity with STNM plant expansion
Aluminium specialist, MQP’s parent company has more than doubled the size of its plant to produce more of its high-efficiency grain refiner and raise the bar in manufacturing worldwide. The expansion of STNM’s state-of-the-art plant in Baoding, China, means MQP can now produce up to 39,000 tons a...
A00 aluminium ingot price soars by RMB230/t to close the week at RMB16960/t; Alumina spot price grows marginally
A00 aluminium ingot price has soared by RMB 230 per tonne to stand at RMB 16,960 per tonne on Friday, December 18, according to the Shanghai Metals Market. The continuous rise in domestic primary aluminium demand amid limited stocks at warehouses has contributed to the third consecutive day of A00...
China’s primary aluminium inventories stand 7,000 tonnes lower at 589,000 tonnes
As updated by Shanghai Metals Market, social inventories of primary aluminium across eight consumption areas in China, including SHFE warrants, continued to reduce this week. Inventories stood 589,000 tonnes as of Thursday, 17 December 2020, a drop of 7,000 tonnes from a week ago. The chart below...
Aluminium billet inventories in China climb by 2,700 tonnes week-on-week
According to Shanghai Metals Market, stocks of 6063 aluminium billet across five major consumption areas in China rose this week due to increased arrivals. The inventories rose by 2,700 tonnes from a week ago to 73,000 tonnes as of Thursday, 17 December 2020. The chart below indicates the current...
Bahamas Aluminium cans importation shrinks during 2018-20
The Bahamas has a general market economy that is hugely dependent on tourism and international financial services. The nation is considered the wealthiest Caribbean country in terms of GDP per capita. According to the updated IMF forecasts from 14th April 2020, due to the Covid-19 pandemic, GDP...
Strong demand for China’s industrial aluminium extrusion drives domestic operating rates to 63.10% in Nov’20
China’s aluminium extrusion producers operating rates increased marginally month-on-month to 63.10 per cent in November 2020, while operating rates at industrial extrusion producers grew 2.98 percentage points to 69.68 per cent but fell at construction extrusion producers slightly to 61.84 per...
