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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Chinese aluminium producers operating rates recovered 0.2 percentage point last week; September looks more optimistic
In the week earlier, operating rates across major aluminium processors in China climbed 0.2 percentage point on a weekly basis to stand at 77.4 per cent. Orders from automobile, construction, electronics, and packaging sectors improved, while orders at extrusion, wire, and cable producers did not...
Alumina price in China down by RMB 6/t; Alumina (Imported) price stands at RMB 2375/t
As updated by Shanghai Metals Market, average spot alumina price in China has dropped by RMB 6 per tonne on Monday, 07 September 2020, to stand at RMB 2354 per tonne, after remaining flat at 2360 per tonne since August 28. The prices of alumina in Shanxi, Guizhou, Guangxi China markets have...
Shanghai Huafon Aluminium launching IPO on Shanghai Stock Exchange
According to a recent report, Shanghai Huafon Aluminium (601712) will start trading on the Shanghai Stock Exchange – Main Board from Monday, September 7, at a public offering price of RMB 3.69 per share, to raise RMB 921.13 million. Its initial listing shares will account for 25 per cent of the...
Weekly update: A00 aluminium price witnessed fluctuations over the week; Alumina price in China remained unchanged
A00 aluminium ingot price in China saw mixed performance over the week. The week started with a increase of RMB 80 per tonne to stand at RMB 14760 per tonne on Monday August 31. The price continued to trend lower at RMB 14700 per tonne and RMB 14520 per tonne on Tuesday and Wednesday. The week...
China’s aluminium billet inventories stood 4,000 tonnes higher at 60,200 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 now stood at 60,200 tonne as of...
Primary aluminium inventories increase by 6,000 tonnes W-o-W, following a decline last Thursday
According to the Shanghai Metals Market, the social inventories of primary aluminium have gained 6,000 tonnes over the week ending Thursday, September 3. The stocks have increased across eight major consumption areas in China, including SHFE warrants, to stand at 761,000 tonnes compared to 755,000...
Chalco Ruimin Co., Ltd. achieves ASI Performance Standard certification for responsible aluminium production and sourcing
Aluminium Stewardship Initiative announced on Wednesday, September 2, that it successfully certified Chalco Ruimin Co., Ltd. against the Performance Standard certification for responsible production, sourcing, and stewardship of aluminium. As per the report, ASI has certified Chalco Ruimin’s...
China’s aluminium imports surpassing exports over months on London-Shanghai price disconnect
Rise in China’s aluminium imports in July 2020 versus decrease in exports is seen as an inversion in trade flows due to the disconnect between Chinese market, which is in full recovery mode from the COVID-19 pandemic, and the rest of the world that is still struggling to get back on its feet....
A00 aluminium ingot price slips RMB 180/t; Prebaked anode spot price in Southwest China stands at RMB 3260/t
A00 aluminium ingot price slipped by RMB 180 per tonne from Tuesday’s price of RMB 14700 per tonne. The price now stood at RMB 14520 per tonne on Wednesday, 02 September 2020 and is expected to move within a range of RMB 14500-14540 per tonne. In Foshan and Wuxi, the price inched down by RMB 190...
Shanghai bonded aluminium stocks tripled in August on brief opening of import arbitrage window between LME & SHFE
Aluminium stocks in Shanghai bonded warehouses increased three times in August from the previous month due to an increase in deliveries followed after the brief opening of arbitrage window between the London Metal Exchange and the Shanghai Futures Exchange in late July. According to Fastmarkets...
China Zhongwang reduces European operation due to EU anti-dumping investigations and COVID-19 pandemic
Chinese aluminium products company China Zhongwang Holdings Limited has curtailed its European sales operation as a result of the European Union’s anti-dumping investigations and coronavirus-induced economic downturn, said two sources familiar with the matter. Zhongwang, a world leading...
COVID-19 weighs on China Zhongwang’s aluminium extruded and flat rolled production & sales in H1 2020
China Zhongwang Holdings Limited, a world-leading fabricated aluminium products developer and manufacturer, has announced its unaudited interim results for the first half of 2020 ended on June 30. The company’s total sales volume during the period stood approximately at 351,637 tonnes, with revenue...
Weekly update: Alumina price in China ended the week higher; A00 aluminium price saw mixed performance
The alumina price in China continued to remain flat over the week. The price on Monday, August 24, increased by RMB 17 per tonne to stand at RMB 2347 per tonne. The price did not show any movement on Tuesday, Wednesday and Thursday. The price stood higher at RMB 2360 per tonne on Friday, August 28....
Primary aluminium inventories in China loss 7,000 tonnes this week, stocks standing at 755,000 tonnes
Primary aluminium inventories in China have recorded a plunge of 7,000 tonnes this week ended on Thursday, August 27, following a rise of 25,000 tonnes in the week earlier, found Shanghai Metals Market. According to the data, the social inventories of primary aluminium have declined across eight...
China’s aluminium billet inventories decline by 3,800 tonnes to 56,200 tonnes
As updated by Shanghai Metals Market, inventories of of 6063 aluminium billet across five major consumption areas in China stood at 56,200 tonnes as of Thursday August 27, a drop of 3,800 tonnes from last Thursday. The chart below indicates the current status of aluminium billet inventories across...
China’s alumina imports grow more than double to 417,263 tonnes in July 2020
In July 2020, China imported 417,263 tonnes of alumina, more than double the 200,000 tonnes in the year ago, according to Chinese customs data released on Tuesday, August 25. China’s total alumina imports since the beginning of the year has come in at 2.33 million tonnes, up by 341.2 per cent from...
A00 aluminium ingot price shrinks by RMB40/t after two consecutive hikes; Aluminium alloy(A356) price down by RMB50/t
On Thursday, August 29, A00 aluminium ingot price in China has declined by RMB 40 per tonne to RMB 14,730 per tonne, following two consecutive hikes from RMB 14,700 per tonne to RMB 14,770 per tonne, according to the data found by Shanghai Metals Market. Week-on-week, the price is down by RMB 60...
Global alumina production slightly increased to 11.368 million tonnes in July
Global alumina production stood at 11.368 million tonnes in July, a slight decrease of 0.5% from 11.425 million tonnes in July 2019, according to the latest data showed by the International Aluminium Institute (IAI) on Wednesday, 26 August 2020. On a month-on-month comparison, the output increased...
