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 production of primary aluminium increased 3.1% YoY in July
China's July production of primary aluminium increased 3.1% from a year earlier, according to the latest statistics released by China’s National Bureau of Statistics (NBS) on August 14. The output came in at 3.10 million tonnes of primary aluminium last month. On a month on month comparison, the...
SHFE launches aluminium and zinc options trading on Monday
The Shanghai Futures Exchange (SHFE), on Monday, August 10, launched trading in aluminium and zinc options. China, over the past three years, has launched 18 commodity options. The country is the world’s largest production and trading market for non-ferrous metals. Aluminium futures contracts are...
European Commission commences anti-dumping probe for Chinese flat-rolled aluminium products
The European Commission on 14 th August’20 commences an investigation for allegedly dumped imports of certain aluminium flat rolled products from China in the 27-country European Union based on a complaint by a European group of producers. The EU moves is accompanied by another anti-dumping...
China’s aluminium billet inventories decline by 6,400 tonnes to 69,400 tonnes
As updated by Shanghai Metals Market, inventories of aluminium billet in China declined this week as arrivals at warehouses in Guangdong and Jiangxi rose. Stocks of 6063 aluminium billet across five major consumption areas in China stood at 69,400 tonnes as of Thursday August 13, a drop of 6,400...
Aluminij Industries d.o.o. launching its activities in Bosnia and Herzegovina aiming to become a global aluminium leader
M.T. Abraham Group via its subsidiary Aluminij Industries d.o.o. and in cooperation with its international partners China Machinery Engineering Corporation and China Nonferrous Metal Industry's Foreign Engineering & Construction Co., Ltd. is launching its activities in Bosnia and Herzegovina,...
Primary aluminium inventories in China gain 12,000 tonnes this week to stand at 737,000 tonnes
According to the Shanghai Metals Market, the social inventories of primary aluminium ingots in China have continued to increase this week ending on Thursday, August 13. Data shows the inventories have built up 12,000 tonnes across eight major Chinese consumption areas, including SHFE warrants, to...
China’s automobile market further recovers from COVID-19 pandemic with sales rising by 16.4% in July 2020
The automobile market in China saw a further recovery in July, marking the fourth consecutive month of growth for the overall vehicle market since the plunge of 42 per cent in the first quarter of 2020. New vehicle sales in July rose by 16.4 per cent from 1.81 million units during the same period...
Alumina spot price in China declines by RMB25/t after a week-long restraint, A00 aluminium ingot price surges by RMB170/t
The average alumina spot price in China has recorded a decline of RMB 25 per tonne to stand at RMB 2,314 per tonne, following restraints at RMB 2,339 per tonne during August 6-12, found Shanghai Metals Market on August 13. In the north, the price has decreased by RMB 30 per tonne to RMB 2,300 per...
Jiangsu Pomlead expanding its aluminium wheel hub manufacturing capacity to meet growing demand
Jiangsu Pomlead, aluminium wheel hub manufacturer in China, is reportedly on track to launch its second production line, in a bid to expand Chinese aluminium alloy wheel hub capacity. The second production line is expected to commission in September with a capacity of 500,000 units per year. This...
China Nonferrous Metals Industry Association's recycling body urges shipping firms to continue bringing aluminium scrap
The China Nonferrous Metals Industry Association's recycling branch (CMRA) is urging shipping firms to pursue carrying aluminium scrap. This has been conveyed on 11 th August’20, specifying their concern over the possibilities of dearth for raw material. From 1 st July’20 onwards, new standards for...
US aluminium scrap exports to China recorded half during Jan-May 2020, despite month-on-month growth
The latest data from the US Geological Survey showed a year-on-year decline of 50.31 per cent in the United States aluminium scrap exports to China during January-May. The total exports of aluminium scrap from the US to China during the first five months of the year amounted to 94,900 tonnes versus...
A00 aluminium ingot price continues to decline to hover below RMB14500/t; Aluminium alloy (A356) price also plunges
The A00 aluminium ingot price has continued to decline in China by RMB 110 per tonne to stand at RMB 14,470 per tonne, as of Tuesday, August 11, according to the Shanghai Metals Market. Data shows the average prices are expected to range between RMB 14,450 per tonne and RMB 14,490 per tonne, with...
China’s unwrought aluminium and aluminium semis exports increase by 5.5% in July after months of downfall
According to the data shown by the General Administration of Customs, China’s unwrought aluminium and aluminium semis exports recorded a month-on-month hike of 5.5 per cent in July 2020. Following a decline in the month earlier from 382,900 tonnes in May to 352,485 tonnes, China’s unwrought...
China’s primary aluminium production grows 1.83% Y-o-Y to 3.12 million tonnes in July 2020
Shanghai Metals Market found China’s primary aluminium production rose by 1.83 per cent year-on-year to 3.12 million tonnes in July 2020. On a month-on-month basis, the output edged higher by 4 per cent from 3 million tonnes in June 2020. Data shows there were 41.41 million tonnes among 41.23...
China’s alumina production rose 3.5% M-o-M to 5.91 million tonnes in July 2020
Shanghai Metals Market found China’s alumina production stood at 5.91 million tonnes in July 2020, including 5.7 million tonnes of metallurgical-grade alumina. The output increased by 3.50 per cent from 5.71 million tonnes in June 2020. China’s total alumina output in the first seven months of the...
A00 aluminium ingot price in China rebounds to RMB14720/t, Aluminium alloy (A356) price increases by RMB50/t
Following a steep fall last day, on August 6, the A00 aluminium ingot price has recorded a hike of RMB 70 per tonne to stand at RMB 14,720 per tonne, as of August 7, found Shanghai Metals Market. The average prices are expected to range between RMB 14,700 per tonne and RMB 14,740 per tonne, with...
Aluminium billet inventories in China built up 9,900 tonnes on week
Shanghai Metals Market found a rise in aluminium billet inventories on Thursday, August 6, as arrivals at stocks increased in Guangdong and Jiangxi. SMM data showed that 6063 aluminium billet stocks across the five major consumption areas in China built up by 9,900 tonnes from a week ago to come in...
Primary aluminium inventories in China record a further W-o-W rise of 13,000 tonnes
According to Shanghai Metals Market, the social inventories of primary aluminium have extended their hike across eight major consumption areas in China, including SHFE warrants, on Thursday, August 6. The inventories have increased by 13,000 tonnes this week to come in at 725,000 tonnes versus the...
