US Treasury yields rise, pressuring aluminium prices to consolidate at highs amid mixed signals
Futures: The most-traded SHFE aluminium 2610 contract closed at RMB 23,990 per tonne, down RMB 15 from yesterday's settlement price, a decline of 0.06 per cent. It opened at RMB 23,995 per tonne during the day and fluctuated within a range of RMB 23,950-24,055 per tonne. Prices traded below the MA5...
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...
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Lee Kee Group becomes General Supporter member of Aluminium Stewardship Initiative
Lee Kee Group has become new General Supporter member of the Aluminium Stewardship Initiative (ASI). This brings the total number of members to 140. “At Lee Kee, sustainability is integral to our business. Our policies and consistent implementation of environmentally and socially responsible...
World alumina production gains 1.37% Q-o-Q to 32.935 MT in Q3 2020, output in September stands down by 3%
The world alumina production in the third quarter of 2020 improved by 1.37 per cent quarter-on-quarter from 32.935 million tonnes to 33.386 million tonnes, according to the latest data released by the International Aluminium Institute. On a year-on-year basis, the output in Q3 found almost flat...
China’s secondary aluminium producers’ operating rates improve to 59.6% in September: SMM
According to the data released by the Shanghai Metals Market, China’s secondary aluminium producers’ operating rates increased by 6.6 percentage points month-on-month in September to stand at 59.6 per cent. In August 2020, China’s secondary aluminium operating rates were 53.1 per cent gaining 2.8...
Alumina price in China slips by RMB 7/t; Alumina (Imported) price stands at RMB 2310/t
As updated by Shanghai Metals Market, average spot alumina price in China has decreased by RMB 7 per tonne to stand at RMB 2294 per tonne on Friday, 23 October 2020, after declining by RMB 5 per tonne on October 22. The prices of alumina in Shanxi, Guizhou, and Guangxi China markets have dropped by...
China’s aluminium billet inventories drop 11,600 tonnes on lower arrivals
According to Shanghai Metals Market, stocks of 6063 aluminium billet across five major consumption areas in China dropped 11,600 tonnes on smaller arrivals at warehouses. Aluminium billet inventories stood at 90,900 tonne as of Thursday, 22 October 2020. The chart below indicates the current status...
Primary aluminium inventories in China shrink by 24,000 tonnes on October 22: SMM
According to the Shanghai Metals Market, primary aluminium inventories in China have shrunk by 24,000 tonnes this week, ending on Thursday, October 22. Data shows the inventories have declined across eight major consumption areas, including SHFE warrants, to stand at 695,000 tonnes versus 719,000...
World primary aluminium production declines 1.81% M-o-M in September 2020, but total output in Jan-Sept up by 2.1%
The latest data released by the International Aluminium Institute for September 2020 shows the world primary aluminium production stood at 5.42 million tonnes, down by 1.81 per cent from 5.52 million tonnes in August 2020. However, on a year-on-year basis, the output grew by 4.03 per cent from 5.21...
A00 aluminium ingot price slips RMB 70/t; Aluminium Alloy (A356) price stands lower at RMB15500/t
A00 aluminium ingot price has edged lower by RMB 70 per tonne to stand at RMB 14890 per tonne on Wednesday, 21 October 2020, from its previous price of RMB 14960 per tonne on October 20. This marks the second consecutive drop in aluminium price. The price is expected to range at RMB 14870-14910 per...
Yunnan Yongshun Aluminium Co., Ltd. joins Aluminium Stewardship Initiative as new Production & Transformation member
Yunnan Yongshun Aluminium Co., Ltd. has joined Aluminium Stewardship Initiative (ASI) as a new Production & Transformation member. This brings the total number of ASI Members to 137. Yunnan Yongshun Aluminium Co., Ltd. is a company jointly funded by Yongxin Aluminium Co., Ltd. of Yunnan Aluminium...
China’s unwrought aluminium and aluminium semis exports continue to increase 7.7% M-o-M in Sept’20
China Customs data released that the country’s unwrought aluminium and aluminium semis exports in September 2020 stood at 426,000 tonnes, up by 7.7 per cent from 395,424 tonnes in August but down by 2.1 per cent from 435,000 tonnes during the same period last year. After the addition of September...
China’s aluminium production up by 7.9% to 3.16 million tonnes in September
China’s aluminium production increased 7.9% from a year earlier as prices recovered and new smelters came online. The daily output also reached a record high of 105,333 tonnes last month. Aluminium production came in at 3.16 million tonnes in September, according to the National Bureau of...
China’s Henan Shenhuo Group expecting to start the second phase of its Yunnan project in Q1 2021
China’s Henan Shenhuo Group is expected to start production at the second phase of its 900,000 tonnes per year aluminium project by the first quarter of CY2021, said an official familiar with the matter. The second phase of the project, located in Wenshan prefecture in Yunnan province, will be...
Weekly update: Aluminium ingot price in China ended lower; Alumina prices remained flat over the week
SMM aluminium ingot price started the week with an increase of RMB 90 per tonne and RMB 30 per tonne on Monday and Tuesday, ending the price at RMB 14940 per tonne and RMB 14970 per tonne on October 12 and October 13. The price registered a drop on Thursday and Friday. Aluminium ingot price ended...
China to boost annual aluminium production capacity by another 3 million tonnes in 2021: Antaike
China will add another 3 million tonnes of annual aluminium production capacity in 2021 – more than half the capacity in the emerging smelting hub of Yunnan province, said Antaike on Wednesday, October 14. The abundant availability of hydropower in Yunnan already bought some major aluminium...
GITC suggests anti-dumping duties on Chinese aluminium coils and circles fearing domestic industry’s injury
The Ghana International Trade Commission (GITC) has pointed out that the dumping of aluminium coils and circles from China onto the Ghanaian domestic market are causing material injury and posing a threat to the domestic industry. So, on Thursday, October 15, Professor Paul Kuruk, Vice Chairman of...
Primary aluminium inventories in China stood 4,000 tonnes higher at 719,000 tonnes
As updated by Shanghai Metals Market, social inventories of primary aluminium across eight consumption areas in China, including SHFE warrants, increased slightly this week. Inventories stood 719,000 tonnes as of Thursday, October 15 2020, an increase of 4,000 tonnes from a week ago. The chart...
A00 aluminium ingot price drops for the second consecutive day by RMB10/t; Input costs remain restrained
A00 aluminium ingot price has extended its drop, albeit lower than October 15, by RMB 10 per tonne to stand at RMB 14,950 per tonne, as of Friday, October 16, found the Shanghai Metals Market. The average prices are expected to range between RMB 14,930 per tonne and RMB 14,970 per tonne, with spot...
Aluminium billet inventories drop by 3,200 tonnes to stand at 102,500 tonnes this week
Aluminium billet inventories in China have decreased this week, ending on Thursday, October 15, due to a decline in arrivals at warehouses, found the Shanghai Metals Market. SMM data shows the aluminium billet stocks have dipped by 3,200 tonnes from last Friday, October 9, across five major...
