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...
Grow with
AL Circle
China’s unwrought aluminium alloy imports soared by 706% in H1 2020 with the hike in June imports by over 750% Y-o-Y
China's unwrought aluminium alloy imports in June 2020 increased by 88.3 per cent month-on-month and 754.5 per cent year-on-year to stand at 131,000 tonnes, in contrast to the downfall in exports, according to the latest China customs data. With this hike in imports, China secured total 466,500...
Chalco’s Huasheng alumina refinery begins trial production, expects to reach up to 50,000 tonnes output in Sept
Huasheng alumina refinery, located at Fangchenggang Port, Guangxi, started trial production on September 10, having come online in August, said several sources to Fastmarkets on Monday, September 14. The commencement of trial production at Huasheng refinery followed after Chalco received a license...
China’s aluminium production hits new record high of 3.17 million tonnes in August
Aluminium output in China hit a new record high for a second month in August on higher production at smelters and robust demand outlook. According to the National Bureau of Statistics (NBS), aluminium production rose 2.3% month-on-month and 5.5% year-on-year. China produced 3.17 million tonnes of...
Chinese aluminium processors operating rates up 0.3 percentage point W-o-W driven by higher demand from automobile sector
Last week during September 7-11, operating rates across major aluminium processors increased by 0.3 percentage point on a weekly basis to stand at 77.7 per cent, attributing to further recovery in orders for aluminium plate/sheet, strip, foil, primary and secondary aluminium alloy from the...
China’s Envision aims to build a new EV battery factory in France by late 2023
Chinese renewable energy group Envision is now eyeing France to build a battery factory to cater to the growing electric vehicle market, according to the news reported by French newspaper Journal du Dimanche (JDD) on Sunday, September 13. The company, which has battery production plants in Japan,...
Shanghai Futures Exchange to roll out its alumina futures contract by first half of 2021
According to a Reuters report, Shanghai Futures Exchange (ShFE) has announced the new plan to launch alumina futures contract by the first half of 2021. The contract was slated for launch in 2019. "We hope for a first-half listing," Ge Wanwan, senior manager at the ShFE said at the sidelines of the...
LME aluminium price edged higher at $1743.5/t on continued fall in opening stock; SHFE up by $9/t
On the London Metal Exchange, nonferrous metals finished in negative territory on Thursday, September 11, with aluminium slipped by 0.31 per cent. LME aluminium cash (bid) price and LME official settlement price stood at US$ 1743.50 per tonne on September 10, up by US$ 3.50 per tonne from US$ 1740...
Primary aluminium inventories in China stood 3,000 tonnes higher at 764,000 tonnes this week
As updated by Shanghai Metals Market, social inventories of primary aluminium across eight consumption areas in China, including SHFE warrants, increased this week. Inventories stood 764,000 tonnes as of Thursday, 10 September 2020, up 3,000 tonnes from a week ago. The chart below shows the current...
India to frame stringent policies to curb aluminium and copper imports, especially from China: Sources
According to a recent report, India is planning to raise surveillance and develop policies that would curb aluminium and copper shipments from China and other Asian nations and protect domestic producers. The news came after two government sources and an industry official familiar with the matter...
Aluminium billet inventories build up 3,400 tonnes over the week due to higher stock arrivals
Shanghai Metals Market data shows aluminium billet inventories in China have gained 3,400 tonnes over the week ending on Thursday, September 10, on increased arrivals of stocks to warehouses. According to the data, inventories are standing at 63,600 tonnes versus 60,200 tonnes last Thursday,...
Kazakhstan’s import of Aluminium wires recounts rapid growth during 2018-20
Kazakhstan has a mixed economic system which includes a variety of private freedom, combined with centralized economic planning and government regulation. Kazakhstan is a member of the Eurasian Economic Union. Kazakhstan's economy and society have undergone deep transformations since the country...
Alumina price in China declines by RMB13/t after remaining restrained for a day, A00 aluminium ingot price shows no change
According to Shanghai Metals Market, the average alumina spot price in China has recorded a plunge of RMB 13 per tonne to stand at RMB 2,333 per tonne on Thursday, September 10, following a restraint at RMB 2,346 per tonne on the earlier day. In Shanxi and Shandong, the price has declined by RMB 20...
India initiates anti-dumping probe on flat-rolled Aluminium imports from China
India has initiated an anti-dumping probe in the imports of certain flat-rolled products of aluminium originating in or exported from China based on a complaint by Hindalco Industries, alleging injury to the domestic industry due to the dumped goods. The Directorate General of Trade Remedies (DGTR)...
China’s alumina production records a mere growth of 1% to 5.97 million tonnes in August 2020
The latest data of Shanghai Metals Market showed that China’s alumina production in August 2020 stood at 5.97 million tonnes, including 5.76 million tonnes of metallurgical-grade alumina. This marked a slight growth of 1 per cent in comparison to the output of 5.7 million tonnes of...
China’s primary aluminium output up by 6.13% Y-o-Y to 3.19 million tonnes: SMM
According to the latest report revealed by the Shanghai Metals Market, China’s primary aluminium production recorded a rise of 6.13 per cent year-on-year to stand at 3.19 million tonnes in August 2020. As of the end of August, the country had 37.62 million tonnes of capacity in operation among...
HCP acquires Hetian Packaging (Huai’an) Co., Ltd.
HCP has announced the acquisition of the remaining 50% shares of Hetian Packaging (Huai'an) Co., Ltd. The company is now a wholly owned subsidiary of HCP Group. “With this 100% ownership, HCP now have direct control of manufacturing and development capabilities of aluminium which is becoming more...
Average alumina spot price declines for the second consecutive day to RMB2346/t; A00 aluminium ingot price remains muted
Average alumina spot price in China has recorded a plunge from RMB 2,354 per tonne to RMB 2,346 per tonne, as of Tuesday, September 8, found the Shanghai Metals Market. This marks the second consecutive day of decline following a week-long restraint at RMB 2,360 per tonne during August 28-September...
China’s August exports of unwrought aluminium and aluminium products hit four-month high
According to a Reuters report, China’s exports of unwrought aluminium and aluminium products stood at 395,424 tonnes in August, the highest in four months. The exports registered a decline of 11% from August 2019. Unwrought aluminium and aluminium products export came in at 3.13 million tonnes in...
