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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Weekly update: Alumina price in performed flat; A00 aluminium price continued its upward trend over the week
The alumina market in China was flat over the week. The week started with an increase of RMB 2 per tonne from Friday and stood at RMB 2211 per tonne on Monday, May 11. The average spot price of alumina stood RMB 5 per tonne lower at RMB 2206 per tonne on Thursday, after remaining flat at RMB 2211...
China’s daily aluminium output in April hit a 10-month high as smelters operating rates increase: NBS
According to the data shown by the National Bureau of Statistics, China’s aluminium production increased in April by 1.5 per cent over the year to stand at 2.97 million tonnes. The daily basis output in the said month hit a 10-month high as a rapid increase in primary aluminium prices after a...
Chalco Chairman Lu Dongliang resigns from his position
Aluminum Corp of China Ltd, Chalco, declared on 14th May’20 that its Chairman Lu Dongliang had resigned from his position. The previous President of the company Ao Hong has been put in temporary charge. Lu Dongliang has informed the board of Chalco, the listed arm of state-owned aluminium firm...
China’s primary aluminium inventories continued to decline to 1.058 million 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 this week. Inventories stood at 1.058 million tonnes as of Thursday, 14 May 2020, down 114,000 tonnes from Wednesday May 6. The...
China’s aluminium billet inventories record a decline of 19,300 tonnes on May 14
According to Shanghai Metals Market, aluminium billet inventories in China have declined over the week, ending Thursday, May 14, following a marginal rise last week on Wednesday, May 6. As arrivals were limited since the past one week amidst stable shipments from warehouses, the aluminium billet...
Daily sales of car in China increased in 1st week of May: CPCA
Car market in China continued to recover at a steady pace and is likely to gain growth momentum in May and June. The daily retail sales of passenger vehicles averaged 32,000 units in the first week of May (May 1-10). That was an increase of 12 per cent from the fourth week of April, according to...
Alumina price drops by RMB5/t in China after two consecutive days of restraint; A00 aluminium ingot price rises to RMB12790/t
After remaining restrained for the two consecutive days following a rise to RMB 2,211 per tonne, the average alumina spot price in China has dipped by RMB 5 per tonne to RMB 2,206 per tonne on Thursday, May 14, found Shanghai Metals Market. In the east, the average alumina price has declined by RMB...
Tesla’s Shanghai Plant at sudden halt last week on component shortages: Source says
"American electric vehicle and clean energy company Tesla Inc." had temporarily stop production at its plant on the outskirts of Shanghai, China. The company informed the factory workers who were supposed to resume work after the five-day Labour holidays on last Wednesday, May 6, that their holiday...
COVID-19 Impact: China’s secondary aluminium operating rates shrink in April on slow resumption of demand
According to Shanghai Metals Market data, operating rates across China’s secondary aluminium industry in April stood at 47.08 per cent, down 0.22 percentage point from a month ago. In March, China’s secondary aluminium producers’ operating rates were 47.32 per cent after rebounding by 29.2...
Two diesel locomotives built in China handover to Guinea, contribution towards enhancing Bauxite transit to port
A journey of 35 days that crossed 21,112 km with two large locomotives built by the Chinese group CRRC for the Dapilon-Santou railway line was landed on 8 th May’20 at the Guinean port of Boké, initiated the departure from the Chinese port of Yantai in Shandong province. The internal combustion...
China’s new energy passenger vehicle sales expand growth in April by 15% M-o-M: CPCA
According to the latest report from the China Passenger Car Association (CPCA) on Monday, May 11, China’s wholesale deliveries of new energy passenger vehicles in April came in at 64,000 units, down 30 per cent from the same period last year but up month-on-month by 14.8 per cent as the business...
Phase I electrolytic tanks of Wenshan Aluminium’s 500,000 tonnes smelting project comes online on May 5
According to a recent report, the Phase I electrolytic tanks of Wenshan Aluminium’s 500,000 tonnes per year aluminium smelting and hydropower project in Yunnan province came online last Tuesday, May 5. The Phase I capacity contains 62 electrolytic tanks, which are 500KA new integrated prebaked...
China’s primary aluminium inventories plunge by 70,000 tonnes on robust demand
As updated by Shanghai Metals Market, social inventories of primary aluminium across eight consumption areas in China, including SHFE warrants, continued to decline after the five-day Labour Day holiday on robust demand and fewer arrivals. Inventories stood at 1.102 million tonnes as of Monday, 11...
China’s alumina production in April comes in at 5.65 million tonnes; Aluminium output grows to 2.96 million tonnes
According to the data from Shanghai Metals Market, China in April 2020 produced 5.65 million tonnes of alumina, including 5.4 million tonnes of metallurgical-grade alumina. The daily output came in at 179,800 tonnes, up 2.62 per cent month-on-the month but down 7.07 per cent over the year. In the...
Alumina price marginally higher at RMB2211/t; A00 aluminium ingot prices edge higher after two days of decline
The average spot alumina price in China is up by RMB 2 per tonne or 0.09 per cent on Monday, 11 May 2020. Alumina price stands at RMB 2211 per tonne, after remaining flat at RMB 2209 per tonne since May 6. Alumina prices remain unchanged across all major markets in China. Alumina (Imported) price...
Car sales in China grow 40% MoM in April: CAAM
Car sales in China continued to inch higher month-on-month. Sales of automobile stood at 2 million units in April, an increase of 39.8 per cent from a month earlier. In March, automobiles sales in China recovered significantly from a month ago and stood at 1.43 million units, rising 361.1%. On a...
COVID19 Measures: Aluminium France taken initiative to import over 1.2 million masks for its members and partners
Aluminium France has reportedly organised and joined forces to import more than 1.2 million surgical masks and FFP2 for its members to provide them with necessary sanitary protection against the COVID19, and thus, encourage the resumption of business activities in the best possible conditions. This...
China’s unwrought aluminium and aluminium products exports decline 11.4% YoY in April 2020
According to the data shown by the General Administration of Customs, China’s exports of unwrought aluminium and aluminium products decreased in April by 11.4 per cent over the year to 441,000 tonnes. In April 2019, China’s exports were around 491,274 tonnes. In March 2020, China had exported...
