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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Market Commentary: China is transitioning from 2024 to 2025 with bold trade strides as global geopolitics weigh in
Aluminium prices edged up by 0.08 per cent to close at INR 252.75 (USD 2.92) amid renewed investor optimism over China following comments from former US President Donald Trump hinting at a potential trade deal with the world's largest consumer of metals, as reported by investing.com. Market...
Aluminium processing industry halts and cuts production during Chinese New Year holiday, composite PMI falls below the 50 mark
In late January, aluminium processing enterprises largely entered the Chinese New Year break, halting production. Only a few large enterprises maintained operations, but their production was significantly lower than usual, leading to a sharp decline in this month's production index, which recorded...
Chinalco announces the construction of its upcoming aluminium alloy flat ingot project in Yunnan
On December 29th, Chinalco (Yunnan) Green Advanced Aluminum-based Materials Co., Ltd. announced the construction of its much-awaited 400,000-tonne aluminium alloy flat ingot project, alongside the unveiling of Chinalco Green Materials (Zhaotong) Co., Ltd. Once the project is completed and...
Domestic bauxite production remains low; supply and demand stay tightly balanced, bauxite inventory remains low
According to SMM estimates, China's bauxite production in January 2025 (31 days) decreased slightly by 1.4 per cent MoM but was up 12.2 per cent Y-o-Y, mainly because the production halt scale in Shanxi and Henan regions in January 2024 was larger than that in January this year. Overall, domestic...
Alumina prices plunge; February aluminium costs may pull back by nearly 2,500 RMB/t
According to SMM data, the average tax-inclusive full cost of China's aluminium industry in January 2025 was RMB 19,989 per tonne, down 5.3 per cent M-o-M and up 22.7 per cent Y-o-Y, mainly due to the sharp pullback in spot alumina prices during the period. The average spot price of SMM A00...
Capesize fleet transporting more bauxite than coal amid rising demand in China
According to shipbroker Arrow, the surge in bauxite demand in China has resulted in capesize fleet carrying more bauxite than coal for the first time. The capesize vessels are traditionally used for coal shipments, but now, due to increased demand for the ore in the Chinese market, they are being...
Leading companies' purchases; Aluminium scrap industry enters holiday
On January 24, spot primary aluminium prices fell by RMB 10 per tonne compared to the previous trading day, with SMM A00 spot aluminium closing at RMB 20,190 per tonne. Aluminium scrap market quotations fluctuated rangebound following aluminium prices. In the short term, the fundamentals remained...
In January, during the Chinese New Year holiday, the casting ingot output of aluminium plants across various regions increased
According to SMM statistics, China's aluminium production in January 2025 (31 days) was up 3.8 per cent Y-o-Y but down 0.3 per cent M-o-M. The operating capacity of domestic aluminium smelters in January remained largely stable M-o-M, with only a few smelters in Shanxi reporting production cuts of...
The secondary aluminium market has basically entered a holiday state with sparse transactions
On January 24, aluminium prices remained in a narrow range. SMM A00 aluminium ingot prices decreased by RMB 10 per tonne compared to the previous trading day to RMB 20,190 per tonne, while secondary aluminium prices remained stable. For domestic prices, large domestic secondary aluminium...
Aluminium inventory data flash along with China aluminium market weekly report
According to SMM statistics, as of January 23, the social inventory of aluminium ingot inventory in Guangdong was 131,100 tonnes, in Wuxi was 146,800 tonnes, and in Gongyi was 52,600 tonnes, with the total inventory in these three regions increasing by 7,100 tonnes compared to the previous trading...
World’s primary aluminium production grows 3% Y-o-Y: key contributing countries revealed
The world's primary aluminium industry has wrapped up 2024 with an annual production of 72.758 million tonnes. Could it break the record of the previous year or surpass AL Circle's outlook? Of course, it did by 2.9 per cent from the earlier year's output of 70.716 million tonnes and by 1.05 per...
Entering the Chinese New Year holiday, market trading is sluggish
SHFE aluminium front-month contract fluctuated rangebound in the early trading session today, with prices rising significantly during the second trading session. Suppliers and downstream buyers in east China have entered the Chinese New Year holiday, leading to sluggish market transactions. Today,...
Overseas alumina prices continue to decline, domestic alumina price difference between north and south China narrows
On the January 24 morning commentary of SMM, Futures Market, during the night session, saw the most-traded alumina 2502 contract opening at RMB 3,668 per tonne, hitting a high of RMB 3,689 per tonne and a low of RMB 3,641 per tonne, and finally closing at RMB 3,660 per tonne, down RMB 58 per tonne...
Trade tensions emerge early in Trump 2.0 with tariff threats on China, Mexico and Canada; aluminium industry on edge
At the dawn of the new presidential era on January 20, 2025, Donald Trump announced his intent to impose a 10 per cent tariff on Chinese product imports, including aluminium, as early as February 1. Following the news, the three-month aluminium price on the London Metal Exchange decreased by 0.9...
December aluminium extrusion exports fell over 40% M-o-M, likely to remain weak in the short term
According to customs data, China's aluminium extrusion exports (HS codes 76041010, 76041090, 76042100, 76042910, 76042990) in December 2024 totalled 74,100 tonnes, down 40.04 per cent M-o-M and 16.58 per cent Y-o-Y. The decline was mainly due to the Ministry of Finance's announcement on November 15...
Yunnan Aluminum unlocks new achievement with EATNS Carbon Management Certification
Yunnan Aluminum Co., Ltd. has recently received the "EATNS Carbon Management System Evaluation Certificate" from the Carbon Management System Evaluation Committee of the Shanghai Environmental Energy Exchange. This makes Yunnan Aluminum the first electrolytic aluminium company in the domestic...
China’s December aluminium production grows 4.2%, leading to 2024 output to 1 million tonnes shy of the production cap
China's aluminium production continued to increase in December 2024, backed by newer production capacity and increased operating rate like the last month. According to the data recently published by the National Bureau of Statistics, China's aluminium output in the final month of 2024 rose...
SMM: Domestic alumina continues net export, spot prices continue to decline
In the Futures Market, during the night session, the most-traded alumina 2502 futures contract opened at RMB 3,832 per tonne, reached a high of RMB 3,861 per tonne and a low of RMB 3,804 per tonne, and finally closed at RMB 3,838 per tonne, down RMB 36 per tonne or 0.94 per cent. Open interest...
