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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Demand and supply of non-ferrous metals including aluminium to rebound in China despite the COVID-19 pandemic: Andy Home
Despite the ongoing COVID19 pandemic and possible aftermath, the metals market in China is recovering, especially in the scrap sector, pointed out commodities veteran Andy Home. On Thursday at the Shanghai Metals Market’s 2020 Nonferrous Metals Industry Chain Annual Conference, Andy Home stated,...
A00 aluminium ingot price declines by RMB230/t after six days of hike in a row; Prebaked anode price grows by RMB270/t
A00 aluminium ingot price in China has decreased by RMB 230 per tonne to stand at RMB 16,850 per tonne, as of Thursday, December 3, following six consecutive days of hike from RMB 15,930 per tonne to RMB 17,080 per tonne, according to the Shanghai Metals Market. The average prices are expected to...
China’s alumina price hikes by RMB 4/t; Aluminium ingot price edges higher to RMB 17080/t
As updated by Shanghai Metals Market, average spot alumina price in China has hiked for the second time in a row. The price registered an increase of RMB 4 per tonne to stand at RMB 2292 per tonne on Wednesday, 02 December 2020. The prices of alumina in Shandong, Henan and Shanxi China markets have...
Alumina refineries in North China begin to cut operation at roasting furnaces for 2020-21 heating season
According to the Shanghai Metals Market, many northern regions in China have issued output control policies for the 2020-21 heating season. In mid-November, Lvliang in Shanxi province issued the List of Heavy Pollution Weather Emergency Emission Reductions in 2020, including ten alumina refineries...
Chalco’s share price spikes to the highest since debut representing recovery in Chinese aluminium sector
November 2020 had been the best month for Aluminium Corporation of China Limited, popularly known as Chalco, since its debut almost two decades ago, as investors have started taking keen interest in the Chinese aluminium sector. In the said month, China’s leading company in the non-ferrous industry...
Aluminium ingot price in China jumps RMB 440/t; Aluminium alloy (ADC12) price soars to stands at RMB 16800/t
SMM aluminium ingot price soared by RMB 440 per tonne from Friday’s price of RMB 16330 per tonne. The price now stood at RMB 16770 per tonne on Monday, November 30, 2020 and is expected to move within a range of RMB 16750-16790 per tonne. In Foshan and Wuxi, the price inched up by RMB 430 per tonne...
Algeria’s import of Aluminium household articles during 2018-20 exhibits robust growth
Algeria has extensive possibilities to boost its economic growth, including huge foreign-exchange reserves derived from oil and gas. However, the COVID-19 pandemic and concurrent crash in oil prices endangered Algeria’s vulnerable macroeconomic environment, and the new authorities are now grappling...
World alumina production in October 2020 surged by 5.48% M-o-M & 1.96% Y-o-Y to 11.450 million tonnes: IAI
The International Aluminium Institute (IAI) data shows the world alumina production in October 2020 stood at 11.450 million tonnes compared with 10.855 million tonnes in September 2020. This represents that production in October grew by 5.48 per cent month-on-month, following a drop of 4.81 per...
INSERTEC sells Two Aluminium Recycling Lines at a time in China
INSERTEC is proud to announce the signature of two contracts with HENAN MINGTAI TECHNOLOGY DEVELOPMENT, located in Gongyi, Henan Province, China, for the supply of Two Aluminium Recycling Lines. The new Plant of HENAN MINGTAI will get into operation in 2021 and will produce aluminium alloy flat...
China’s alumina spot price dips by RMB2/t to RMB2281/t; Aluminium alloys (ADC12) price jumps above RMB17000/t
China’s average alumina spot price has recorded a dip of RMB 2 per tonne to close the week on Friday, November 27, at RMB 2,281 per tonne, according to the Shanghai Metals Market. The price has recorded a change today after remaining restrained for the last two consecutive days on November 25 & 26....
Primary aluminium inventories in China record higher downfall this week to stand below 600 thousand tonnes
Social inventories of primary aluminium in China have extended downfall for the sixth consecutive week by 19,000 tonnes week-on-week, found the Shanghai Metals Market. SMM data shows, the inventories have dwindled across the eight major Chinese consumption areas, including SHFE warrants, to stand...
Lower stock arrivals lead to a further decline of 6,400t in China’s aluminium billet inventories this week
Lower arrivals of stocks at warehouses, coupled with robust demand, have further fuelled the downfall of 6063 aluminium billet stocks in China this week, ending on Thursday, November 26. China’s aluminium billet inventories today have shrunk by 6,400 tonnes across the five major consumption areas...
A00 aluminium ingot price in China extends growth to stand at RMB16,130/t; Aluminium alloys(ADC12) price climbs by RMB50/t
According to the Shanghai Metals Market, A00 aluminium ingot price in China has extended its growth on Thursday, November 26, albeit much slower than the previous day, to continue to remain above RMB 16,000 per tonne. The price is standing at RMB 16,130 per tonne growing by RMB 10 per tonne. The...
China’s A00 aluminium ingot price exceeds RMB16000/t on higher market demand; Aluminium alloys(ADC12) price grows by RMB100/t
China’s A00 aluminium ingot price has outshone the level of RMB 16,000 per tonne on Wednesday, November 25, found the Shanghai Metals Market. Soaring by RMB 190 per tonne, the primary aluminium ingot price has come in at RMB 16,120 per tonne today, with average prices expected to range between RMB...
Guinea ranks as the world's second-largest producer of Bauxite, keeping China behind: World Bank report
Guinea, the West African nation is now the world's second-largest producer of bauxite, as per the latest World Bank ranking, Guinea is ahead of China and is now behind Australia. The bauxite production in Guinea increased from 59.6 million tonnes in 2018 to 70.2 million tonnes in 2019. According to...
Alumina price in China rises by RMB 4/t; Australian alumina FOB price stands at USD 283/t
As updated by Shanghai Metals Market, average spot alumina price in China has increased by RMB 4 per tonne on Tuesday, 24 November 2020 to stand at RMB 2283 per tonne, after a decline of RMB1 per tonne since yesterday. Alumina price in Shanxi has risen by RMB 10 per tonne to stand at RMB 2280 per...
China’s unwrought aluminium and aluminium products import down 28% in October
According to the General Administration of Customs data, aluminium imports in China declined month-on-month in October as domestic and international prices spread narrows. Imports of unwrought aluminium and aluminium products came in at 256,619 tonnes last month, down 27.9%. Imports of unwrought...
China’s A00 aluminium ingot price grows closer to RMB16000/t; Alumina price declines to RMB2279/t
A00 aluminium ingot price has grown by RMB 50 per tonne to stand closer to RMB 16,000 per tonne, as of Monday, November 23. Shanghai Metals Market data shows the primary aluminium ingot price today is hovering at RMB 15,980 per tonne, with average prices expected to range between RMB 15,960 per...
