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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A00 aluminium ingot price in China falls sharply by RMB270/t; Alumina spot price dwindles to RMB2339/t
The A00 aluminium ingot price has recorded a steep fall of RMB 270 per tonne today, August 6, to RMB 14,650 per tonne, found the Shanghai Metals Market data. The average prices are expected to range between RMB 14,630 per tonne and RMB 14,670 per tonne, with spot contract to be traded at a premium...
CS Aluminium Corp in Taiwan demands anti-dumping tariffs on Chinese aluminium foils
CS Aluminium Corporation in Taiwan seeks the government to impose anti-dumping tariffs on Chinese made aluminium foil products. Taiwan Ministry of Finance, on 5 th August’20, revealed in a public notice on its website. As per sources from the ministry, it has been stated: “An investigation is...
Alumina spot price in China extends decline by RMB8/t pulling down the price of A00 aluminium ingot to RMB14920/t
The average alumina spot price in China has extended its decline on Wednesday, August 5, however, slower than the previous day. Today, the price has decreased by RMB 8 per tonne to stand at RMB 2,347 per tonne versus the fall of RMB 32 per tonne last day, according to the Shanghai Metals Market. In...
World’s largest aluminium producer China Hongqiao quits global industry body
World’s largest aluminium producer, China Hongqiao Group has left the International Aluminium Institute (IAI) within four years of joining the international body of the green metal. The progress depicts that the Chinese aluminium giant has subdued ranks with a body that represented companies...
Average alumina spot price in China declines to RMB2355/t, while A00 aluminium ingot price touches RMB15000/t level
Following restraints in the past two days at RMB 2,387 per tonne, the average alumina spot price has declined today, on August 4, by RMB 32 per tonne to RMB 2,355 per tonne, found the Shanghai Metals Market. In the central, the alumina price has decreased by RMB 35 per tonne to RMB 2,355 per tonne...
Prebaked anode price in China grows after a month to stand at RMB2930/t, A00 aluminium ingot price falls by RMB120/t
According to the Shanghai Metals Market, the prebaked anode price in East China has recorded a hike of RMB 180 per tonne to stand at RMB 2,930 per tonne on August 3, marking a rise in the last one month since an increase of RMB 80 per tonne to RMB 2,750 per tonne on July 1, 2020. The average prices...
Primary aluminium inventories in China edged higher by 10,000 tonnes on week
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 712,000 tonnes as of Thursday July 30, up 10,000 tonnes from last Thursday. The chart below shows the...
China’s aluminium billet inventories decline by 2,700 tonnes to 65,900 tonnes
As updated by Shanghai Metals Market, inventories of aluminium billet in China declined this week due to a significant decline in arrivals at warehouses. Stocks of 6063 aluminium billet across five major consumption areas in China stood at 65,900 tonnes as of Thursday July 30, a drop of 2,700...
Tianjin Zhongwang Aluminium Co., Ltd. plant certified against Aluminium Stewardship Initiative Chain of Custody Standard
Tianjin Zhongwang Aluminium Co., Ltd. has been certified against the ASI Chain of Custody Standard for its operations in Tianjin, China. The operations include casting, hot and cold rolling, finishing and annealing with outputs of ingot, thick plate, sheet and coil products. The company...
Aluminium alloy dial Nubia watch with flexible display, eSIM support commences
Nubia Watch has launched as the latest product offering from the company. With headquarters in China, Nubia now has operations around the world including North America, South America, Europe, Russia, Southeast Asia and India. Nubia is committed to providing unique and innovative technology,...
World alumina production in H1 2020 grows by merely 1% over the year, output in June drops 2.83% M-o-M
The global alumina production in June 2020 decreased on a monthly basis by 2.83 per cent to stand at 10.98 million tonnes versus 11.3 million tonnes in May, found the International Aluminium Institute. On a year-on-year comparison, the production in June stood flat as the world alumina output...
Rusal’s aluminium sales increase by 7% amidst production fall in Q2 2020, thanks to Asia’s growing contribution in sales mix
The leading global aluminium producer, Rusal, has released its operating results for the second quarter of 2020. The company reported that its aluminium production in Q2 2020 dropped by 1.4 per cent from the earlier quarter to 927,000 tonnes, Siberian smelters representing 93 per cent of the...
Primary aluminium inventories in China continue to trend lower by 3,000 tonnes to 699,000 tonnes
As updated by Shanghai Metals Market, social inventories of primary aluminium across eight consumption areas in China, including SHFE warrants, continued to trend lower over the weekend. Inventories stood 699,000 tonnes as of Monday July 27, down 3,000 tonnes from last Thursday July 23. The chart...
China’s prebaked anode exports up by 23.4% Y-o-Y in H1 2020, exports in June decline 13%
Prebaked anode exports by China totalled 796,500 tonnes in the first half of 2020, up 23.4 per cent from a year earlier, found the latest customs data. The exports were barely hit by the COVID-19 outbreak as producers increased shipments to overseas to minimize the buildup inventory. However, for...
Alumina spot price in China records second consecutive drop of RMB24/t, while A00 aluminium ingot price grows to RMB14670/t
According to the Shanghai Metals Market, the average alumina spot price has declined for the second consecutive day by RMB 24 per tonne to stand at RMB 2,443 per tonne, as of Tuesday, July 28. The price in the east China market has dropped the highest by RMB 40 per tonne to RMB 2,425 per tonne,...
China issues 10th batch of aluminium scrap import quotas allowing additional 3970 tonnes
China’s Ministry of Ecology and Environment has issued the tenth batch of metals scrap import quotas for 2020 on Monday, July 27, allowing an additional 3,970 tonnes of high-grade aluminium scrap to enter into China, according to Shanghai Metals Market report. The latest batch of aluminium scrap...
Alumina price in China stands at RMB2467/t; A00 aluminium ingot price edges higher by RMB40/t
The average spot alumina price in China is down by RMB 24 per tonne on Monday, 27 July 2020. Alumina price stands at RMB 2467 per tonne, after declining by RMB 4 per tonne on Friday. Alumina prices have decreased in Central and North markets in China. The prices of alumina in Central, and North...
China’s imports of unwrought aluminium, aluminium products hit 11-year high in June amid coronavirus lockdown
China’s imports of unwrought aluminium and aluminium products hit to their highest in 11 years in June on lower overseas prices. China, the world’s top aluminium producer, imported 288,783 tonnes of aluminium last month, an increase of 493.1% from June 2019, the General Administration of Customs...
