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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China’s A00 aluminium ingot price surges by RMB270/t after back-to-back fall and restraint; Imported bauxite price drops by $1/t
A00 aluminium ingot price has begun the week on Monday, September 28, by recording a sharp rise of RMB 270 per tonne to RMB 14,550 per tonne, found the Shanghai Metals Market. The primary aluminium ingot price has increased today after three consecutive days of hike from RMB 14,790 per tonne to RMB...
European Union to impose provisional antidumping duties on Chinese aluminium extrusions
The European Commission is likely to impose provisional antidumping duties of up to 48% on aluminium extrusions from China. The Commission opened an investigation in February 2020. The European Commission now found that extrusions have been sold in the European Union “at prices so low that they can...
Primary aluminium inventories in China stood 24,000 tonnes lower on week
As updated by Shanghai Metals Market, social inventories of primary aluminium across eight consumption areas in China, including SHFE warrants, declined moderately this week. Inventories stood 716,000 tonnes as of Thursday, 24 September 2020, down 24,000 tonnes from a week ago. The chart below...
China’s aluminium billet inventories continue to increase this week by 3,900 tonnes on higher stock arrivals
According to the Shanghai Metals Market, China's aluminium billet inventories have continued to increase this week ending on Thursday, September 24, marking the fourth consecutive week of rise. The inventories are now standing at 71,500 tonnes after gaining 3,900 tonnes over the week across five...
China's unwrought aluminium and aluminium products import hits more than 11-year high
According to a Reuters report, China’s imports of unwrought aluminium and aluminium products stood at 429,464 tonnes in August, the highest in more than 11 years, according to the General Administration of Customs. The increase in import was due to lower overseas prices. China remained a net...
A00 aluminium ingot price slides by RMB 190/t; Aluminium alloy (A356) price stands at RMB15150/t
Aluminium ingot prices registered a drop across all major markets in China on Wednesday, 23 September 2020. SMM aluminium ingot price recorded a decline of RMB190 per tonne from yesterday. The price now stood at RMB14560 per tonne. The average price is likely to range at RMB14540-14580 per tonne....
ASI certifies Kunshan Aluminium Co., Ltd. against Custody Standard Certification
Aluminium Stewardship Initiative has certified Kunshan Aluminium Co., Ltd. against Custody Standard Certification for its production facilities in Kunshan City, Jiangsu Province. The news came after ASI officially announced on Wednesday, September 23, that it successfully certified the facility for...
World primary aluminium production stood 2.45% higher in August 2020; Output in Jan-Aug rose 1.44%
Global primary aluminium production stood at 5.485 million tonnes in August 2020, with a year-on-year increase of 2.45% from 5.354 million tonnes in August 2019, according to the latest data showed by the International Aluminium Institute (IAI) on Monday, 21 September 2020. On a month-on-month...
China approves 121,000 tonnes of aluminium scrap imports in its 12th batch of quota this year
China has approved 121,000 tonnes of aluminium scrap imports in its 12 batch of quota this year, according to the China Solid Waste and Chemicals Management report. This brings China’s total approved amount of aluminium scrap import quotas to 818,000 tonnes so far this year. SMM estimates China’s...
Regal Metal to construct recycled aluminium project in Shanxi province
According to a Reuters report, Regal Metal announced it will construct a recycled aluminium project in Shanxi province. The plant will have an annual capacity of 300,000 tonnes of secondary aluminium. The project worth 500 million yuan will be completed in two years with two phases of construction,...
Alumina price in China stands marginally higher at RMB 2334/t; Aluminium price climbs by RMB 10/t
As updated by Shanghai Metals Market, average spot alumina price in China has increased by RMB 6 per tonne on Monday, 21 September 2020 to stand at RMB 2334 per tonne, after remaining flat at 2333 per tonne since September 10. Alumina price in Shandong has risen by RMB 5 per tonne to stand at RMB...
Weekly update: Aluminium price in China witnessed upward movement; Aluminium alloy (ADC12) performed higher over the week
SMM aluminium ingot price witnessed an upward movement over the week, except Monday and Thursday. The price stood lower at RMB 14580 per tonne on Monday, September 14. But the price increased by RMB 30 per tonne and RMB 70 per tonne to stand at RMB 14610 per tonne and RMB 14680 per tonne on Tuesday...
China’s aluminium billet inventories stood 4,000 tonnes higher at 67,600 tonnes
According to Shanghai Metals Market, stocks of 6063 aluminium billet across five major consumption areas in China increased 4,000 tonnes from last week. Higher arrivals at warehouses accounted for the increase in aluminium billet stocks. Aluminium billet inventories came in at 67,600 tonne as of...
China Hongqiao Group puts the first phase of Yunnan “Green Aluminium” Project into production
China Hongqiao Group Limited has initiated the first phase of production at a greener aluminium plant in the southwestern province of Yunnan, cutting its reliance on coal-fired power. The news came after a Hongqiao affiliate said this on Thursday, September 17. Hongqiao has been smelting aluminium...
China’s primary aluminium inventories decline by 24,000 tonnes W-o-W after two consecutive weeks of rise
According to the Shanghai Metals Market, social inventories of primary aluminium ingots in China have shrunk by 24,000 tonnes this week ending on Thursday, September 17. The inventories have dwindled across eight major consumption areas in China, including SHFE warrants, to stand at 740,000 tonnes,...
China's economic propel is manifesting to be a bonus for Indian metal Industry, incorporates aluminium sector
China has performed into a net importer of aluminium and other metals for the third consecutive month in August’20. Since the country’s infrastructure blow-out in 2009 after the financial crisis, this was the first time in 11 years. The drift may boost India’s metals and mining sector which has...
China’s aluminium plate and strip operating rates increase to 68.6% in August on the rise in demand for domestic products
The Shanghai Metals Market survey found that operating rates at aluminium plate and strip producers stood at 68.6 per cent in August, rising by 0.46 percentage point from the month earlier. However, on a year-on-year basis, the operating rates stood down by 1.76 percentage points, according to SMM....
Chinese secondary aluminium operating rates continue to grow in August gaining 2.8 percentage points M-o-M
According to the latest data shared by the Shanghai Metals Market, China’s secondary aluminium producers operating rates gained 2.8 percentage points month-on-month in August to stand at 53.1 per cent. However, on a year-on-year basis, the operating rates fell by 3.4 percentage points. In July,...
