Low inventory supports aluminium prices to consolidate at highs; Peak season recovery pace awaits verification
Futures: The most-traded SHFE aluminium contract opened at RMB 24,590 per tonne in the night session on September 9, reached a high of RMB 24,660 per tonne and a low of RMB 24,565 per tonne, and closed at RMB 24,650 per tonne, up RMB 90 per tonne or 0.37 per cent from the previous close. Futures...
Mexico and Argentina take different AD actions on Chinese aluminium products
Mexico and Argentina are moving in different directions on aluminium imports from China. Mexico has imposed a new anti-dumping duty on aluminium bars, rods and profiles, while Argentina has dropped its existing anti-dumping order on certain aluminium tubes. Mexico has issued an anti-dumping duty...
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SHFE aluminium fluctuates at high levels, spot aluminium transactions moderate
In the early trading session today, SHFE aluminium front-month contract fluctuated, pulling back slightly compared to the night session, but the price centre moved higher, with overall market transactions remaining moderate. Specifically, trading in East China continued to recover. After...
Prebaked anode prices continued to rise during the period, cost side strongly increased, putting pressure on enterprises' production
During the January cycle (January 7 to February 7), SMM prebaked anode prices continued their upward trend. The February 2025 procurement benchmark price of a certain aluminium smelter in Shandong was RMB 4,110 per tonne, up 2.11 per cent M-o-M. According to SMM, February prebaked anode export...
January aluminium wire and cable production remains at low levels during Chinese New Year; Orders await recovery with spring demand surge
According to SMM statistics, the comprehensive operating rate of China's aluminium wire and cable industry in January 2025 was 40.85 per cent, down 10.16 per cent M-o-M and 8.34 per cent Y-o-Y compared to January 2024. Image source: Made-in-China The main reason was that the Chinese New Year...
2024 imports of aluminium alloy ingots up 7% Y-o-Y, with multiple factors expected to cause a subsequent decline
According to customs data, in December 2024, China's imports of unwrought aluminium alloy reached 105,600 tonnes, down 6.5 per cent Y-o-Y and up 3.6 per cent M-o-M. From January to December 2024, cumulative imports totaled 1.2131 million tonnes, up 7.1 per cent Y-o-Y. In December 2024, exports of...
Chinalco Testing’s light metal lab secures top spot on China’s Prestigious Quality Control List
The Science and Technology Department of the Ministry of Industry and Information Technology recently released a public approval list of laboratories for quality control and technical evaluation of industrial products. Out of all applicants, only 200 laboratories in China successfully passed the...
Northwest Aluminum secures top spot in Gansu Province’s 2024 High-Tech Enterprise List
The Science and Technology Department of Gansu Province recently released the 2024 list of high-tech, high-growth, and high-value-added enterprises in which Northwest Aluminum earned a spot due to its outstanding innovation capabilities and strong development momentum. For years, Northwest Aluminum...
Geely Technology inks bauxite deal with Honbridge worth over RMB 1 billion by 2027
Geely Technology Group, a company affiliated with Zhejiang Geely Holding Group, has signed a bauxite supply agreement with Honbridge Holdings, China's automotive-focussed news platform Gasgoo reports. As per the set contract, Honbridge will be procuring bauxite and other relevant products from...
China aluminium market weekly report
This week's hot topic: Production cuts or shutdowns in the aluminium processing industry during the Chinese New Year holiday; composite PMI falls below the 50 mark Forecast for next week: Fundamentals remain bearish, macro front lacks highlights; aluminium prices face resistance in the short term...
US-China trade war escalates as Trump grants 30-day reprieve to North American neighbours
Karoline Leavitt, Press Secretary, White House, publicly declared on Friday, January 31, in a news briefing that the US would begin imposing 25 per cent tariffs on goods imported from Canada and Mexico and a 10 per cent tariff on imports from China starting February 01. Whereas just ahead of...
During the Chinese New Year, alumina transactions were sluggish, and prices are expected to continue their downward trend
Futures Market: Before the holiday, the most-traded alumina 2505 futures contract opened at RMB 3,586 per tonne, reached a high of RMB 3,628 per tonne, a low of RMB 3,570 per tonne, and closed at RMB 3,606 per tonne, up RMB 20 per tonne or 0.56 per cent. Open interest was 95,800 lots, down 2,105...
Two subsidiaries of Mingtai Aluminum bags the National Green Factories award
The Ministry of Industry and Information Technology recently released the 2024 Green Manufacturing list. As per the list, two subsidiaries of Mingtai Aluminum, namely Henan Mingsheng New Materials Technology Co., Ltd. and Henan Mingtai Technology Development Co., Ltd, were recognised as "National...
Review of LME aluminium trends during the Chinese New Year holiday: Pre-holiday demand weakens, LME aluminium fluctuates and consolidates
Before the Chinese New Year holiday, domestic aluminium prices shifted lower as end-use consumption weakened. On January 27, the most-traded SHFE aluminium contract (AL2503) closed at RMB 20,240 per tonne, down 0.78 per cent on the day. During the Chinese New Year holiday (January 28 to February...
ASI accredits Lizhong Group with the Performance Standard V3 (2022) certification
Aluminium Stewardship Initiative (ASI), a collaborative endeavour aimed at enhancing sustainability throughout the value chain, announced the successful certification of Lizhong Group with the Performance Standard V3 (2022). Lizhong Group's Guangdong Longda Aluminum Industry Co., Ltd. facility,...
US vs. China: Washington tightens hold on world’s largest economy title
The United States in 2024 further solidified its position as the world's largest economy, with resilient consumer spending driving its continued lead over China for the third consecutive year—at least by one key measure. According to data released by the Bureau of Economic Analysis on January 30,...
China’s 2024 aluminium foil trade overview: top 5 export destinations and values revealed
China wrapped up 2024 with a staggering growth of aluminium foil exports, reaching above 1.5 million tonnes. Although the export volume in December decreased significantly by about 28 per cent month-on-month following the cancellation of export tax rebates and the looming threat of increased...
2024: World alumina production grows 2.6%, supported by Chinese refineries with strong profitability to afford high-priced bauxite
The world alumina production saw a significant hike in 2024, withstanding the bauxite supply shortage compared to the growth in demand. China, the world’s largest alumina producer, saw a continued bauxite supply gap in 2024 yet exceeded expected production. That could be possible due to the...
Sluggish trading marks pre-holiday market as aluminium ingot and billet inventories build-up
On January 27 morning, the SHFE aluminium front-month contract centre fluctuated rangebound, declining to around RMB 20,170 per tonne, as reported by SMM . The East China market was almost entirely immersed in the holiday atmosphere, with sluggish market trading and a frozen trading sentiment,...
Top 5 technological advancements boosting the progress of upstream aluminium in 2024
Technical advancement in any industrial sector is the secret agent steering the business forward. From implementing artificial technology to indulging in advanced machinery, the aluminium industry has similarly progressed through the path of time, overcoming numerous snags along the route. Here, we...
