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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Weekly update: Aluminium ingot price in China performed higher this week; Alumina prices remained flat
SMM aluminium ingot price performed higher over the week, except Tuesday. The price on Monday, 16 November stood at RMB 15670 per tonne, up RMB 40 per tonne from Friday. The price dropped by RMB 80 per tonne to RMB 15590 per tonne on Tuesday. Aluminium ingot price ended the week higher at RMB 15930...
World primary aluminium production climbs 5% YoY in October 2020; Output in Jan-Oct inches up by 2.31%
Global primary aluminium production stood at 5.592 million tonnes in October 2020, with a year-on-year increase of 4.52% from 5.350 million tonnes in October 2019, according to the latest data showed by the International Aluminium Institute (IAI) on Friday, 20 November 2020. On a month-on-month...
LME aluminium price grew slower to stand at $1983/t; SHFE price dropped to $2403/t
Three-month LME aluminium fell 0.05 per cent to close at US$ 1,989 per tonne on Thursday, November 19, with open interest falling to 724,000 lots. It is expected to trade between US$ 1,970-2,010 per tonne today. Both LME aluminium cash (bid) price and LME official settlement price grew further on...
Aluminium billet inventories in China decline by 12,500 tonnes on lower arrivals
According to Shanghai Metals Market, stocks of 6063 aluminium billet across five major consumption areas in China declined this week due to lower arrivals at warehouses. The inventories dropped by 12,500 tonnes from a week ago to 75,400 tonnes as of Thursday November 19. The chart below indicates...
China's primary aluminium inventories decline for the fifth consecutive week to stand at 615,000 tonnes
China’s social inventories of primary aluminium have declined today, on November 19, for the fifth consecutive week, although lower than the last week. Shanghai Metals Market data shows the inventories have plunged by 14,000 tonnes this week across eight major Chinese consumption areas, including...
A00 aluminium ingot price in China nears RMB16000/t amid muted input costs
A00 aluminium ingot price in China has extended its growth on Thursday, November 19, to stand close to RMB 16,000 per tonne, according to the Shanghai Metals Market. Data shows the price has jumped by RMB 170 per tonne and standing at RMB 15,920 per tonne, with average prices likely to range...
Zouping Hongfa Aluminium Science Technology Co. Ltd. to obtain China’s largest melting furnaces from Andritz AG
Zouping Hongfa Aluminium Science Technology Co. Ltd. has reportedly placed an order for one melting and holding furnace cell with Andritz AG, an Austrian plant engineering group with headquarters in Graz. The furnace cell will be installed in Zouping Hongfa’s plant in Shandong Province, China, and...
China’s secondary aluminium operating rates dropped in October than expected due to low downstream pre-scheduled orders
In October 2020, operating rates of China’s secondary aluminium industry declined 2.1 per cent month-on-month to stand at 57.5 per cent, found the Shanghai Metals Market. On a year-on-year calculation, the operating rates dropped by 3 per cent, marking a greater fall compared with last year’s...
China’s A00 aluminium ingot price trends down by RMB80/t after seven consecutive days of hike; Input costs remain muted
After hiking for the seven consecutive days, A00 aluminium ingot price has trended down by RMB 80 on Tuesday, November 17, to stand at RMB 15,590 per tonne, found the Shanghai Metals Market. The average prices are expected to range between RMB 15,570 per tonne and RMB 15,610 per tonne, with spot...
Aluminium ingot prices in China stands at RMB 15670/t; Aluminium Alloy (A356) price up by RMB 50/t
SMM aluminium ingot price has started the week higher. The price stands at RMB 15670 per tonne on Monday, 16 November 2020, marking an increase of RMB 40 per tonne. The price is expected to range at RMB 15650-15690 per tonne. In Foshan and Wuxi, the price has risen by RMB 30 per tonne and RMB 40...
A00 aluminium ingot price in China stands RMB140/t higher to close the week above RMB15600/t
A00 aluminium ingot price has been continuing to hover above RMB 15,000 per tonne since the past ten days, and today, on November 13, the price has exceeded RMB 15,500 per tonne level. Growing by RMB 140 per tonne from RMB 15,490 per tonne on November 12, A00 aluminium ingot price has closed the...
China’s primary aluminium inventories shrink by 25,000t this week on increasing demand and limited stock arrivals
Further increase in demand among downstream producers and limited arrivals of stocks to warehouses have led to a loss of 25,000 tonnes in social primary aluminium inventories this week ending on Thursday, November 12, found the Shanghai Metals Market. SMM data shows the stocks have declined across...
Aluminium billet inventories in China decline by 6,700 tonnes this week
According to Shanghai Metals Market, stocks of 6063 aluminium billet across five major consumption areas in China declined 6,700 tonnes from previous week to stand at 87,900 tonne as of Thursday, 12 November 2020. Stocks in Foshan dropped sharply this week The chart below indicates the current...
Aluminium ingot prices in China rise for the fifth time in a row; Aluminium Alloy (A356) price up by RMB 150/t
SMM aluminium ingot price has increased for the fifth time in a row. The price stands at RMB 15490 per tonne on Thursday, 12 November 2020, representing an increase of RMB 140 per tonne. The price is expected to range at RMB 15470-15510 per tonne. In Foshan and Wuxi, the price has risen by RMB 160...
China’s auto sales stand at 2.57 million units; Electric vehicles sales up 115.4%
China’s auto sales registered growth for a seventh month in a row. Sales came in at 2.57 million vehicles in October, according to the China Association of Automobile Manufacturers (CAAM).This marked an increase of 12.5% from the same month a year earlier as the country recovers from the COVID-19...
Chalco’s Huasheng alumina refinery starts its second production line estimating to reach 100,000t output in Nov 2020
Chalco’s Huasheng alumina refinery at Fangchenggang Port in Guangxi has begun operations on its second production line, which will add 1 million tonnes per annum of alumina capacity to an already oversupplied market, said sources to Fastmarkets on Monday, November 9. “I heard their second operation...
China’s primary aluminium production increases by 4.5% M-o-M to 3.25 MT in October 2020: SMM
In October 2020, China’s primary aluminium output recorded a month-on-month growth of 4.50 per cent to stand at 3.25 million tonnes, compared with 3.11 million tonnes in September, found the Shanghai Metals Market. On a year-on-year basis, China’s primary aluminium production in October stood...
China’s alumina production exceeds 6 MT in October 2020 surging by 4.23% M-o-M: SMM
According to the Shanghai Metals Market, China’s alumina production in October 2020 came in at 6.16 million tonnes, including 5.95 million tonnes of metallurgical-grade alumina. This marked an increase of 4.23 per cent from 5.91 million tonnes of output in September 2020. The average daily output...
