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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Aluminium prices jump 10.7% Y-o-Y: China's trade policy drives market shift
The primary and secondary aluminium ingot pricing in the Shanghai Metals Market is on a high-jumping spree as the week progresses towards closing. The average price of a00 aluminium ingot on Thursday, December 05, was listed as RMB 20,550 per tonne, within a limited range of RMB 20,530-20,570 per...
Indonesia's strategic move: From bauxite to billets, a vertical integration play is on
In a significant development for the global aluminium market, Indonesia is poised to become a major player in the industry, driven by its vast reserves of bauxite and a strategic partnership with China. Image Source: https://leadthecharge.org/ According to recent data, Indonesia's bauxite reserves...
China’s critical minerals ban: A new front in USA-China trade conflict
Three critical minerals - gallium, germanium, and antimony - have been banned from being exported to the United States by China in an escalation of trade tensions. The decision, unveiled on December 3, 2024, comes just a day after Washington imposed new restrictions targeting China’s semiconductor...
Uptrend seen in China’s aluminium wire and cable export orders likely to offset year-end decline; SMM projects 4% growth
China’s aluminium wire and cable exports recovered in October 2024, marking a month-on-month surge of 53.8 per cent and a year-on-year increase of 13.64 per cent. However, the monthly uptick in October was not enough to counter the sluggish performance throughout the year-to-date, attributed to...
Guangyuan Zhongfu Technology acquires the ASI dual certification for its facility in Sichuan
Guangyuan Zhongfu Technology Co., LTD, based in Sichuan, China, has earned the ASI Performance Standard V3 (2022) and the Chain of Custody (CoC) Standard V2 (2022) certifications, reflecting its commitment to responsible production practices. The company is known for manufacturing aluminium alloy...
Indian aluminium market sees uptick as China sustains robust demand; transnational influences weigh in
In a recent development in the Indian aluminium industry, prices rose by 0.12 per cent to settle at INR 242650 per tonne, driven by sustained demand from China, the world's largest aluminium consumer. As a lump sum quantity of the non-ferrous metal is being exported to the neighbouring country,...
China’s export tax rebate cancellation sparks mixed reactions, where SMM’s positive outlook on aluminium semis industry stands out
The Chinese aluminium market has been in deep thought since the Ministry of Finance announced the removal of export tax rebates for a wide range of products, including aluminium plates, sheets, strips and foils. The concern is clear, as exports of aluminium plate, sheet and strip make up 50 per...
Syharvest Aluminum develops robust adaption strategy in response to China’s new export tax rebate policy
On Friday, November 15, 2024, China's Ministry of Finance unveiled changes to the export tax rebate policy, significantly affecting industries such as aluminium manufacturing and export. In response, Syharvest Aluminum, a leading name in the aluminium extrusion sector, has implemented strategic...
China’s A00 aluminium ingot price drops to RMB20320/t; Alumina price expands by 10.95% M-o-M
China’s A00 aluminium ingot price has lost RMB 60 per tonne to settle at RMB 20,320 per tonne, with the spot contract price expected to be traded at a discount price of RMB 10 per tonne and a premium price of RMB 30 per tonne. The average prices may stand between RMB 20,300 per tonne and RMB 20,340...
AAI: Anti-dumping duty on Chinese solar components a game changer for domestic aluminium producers
The Aluminium Association of India (AAI) welcomes the Indian government's decision to impose anti-dumping duties on Chinese anodised aluminium frames used in solar components. This measure is anticipated to strengthen the domestic aluminium industry by limiting low-cost imports, improving market...
Xinjiang Xinda Technology advances the construction of aluminium capacitor project in Emin County
Xinjiang Xinda Technology Co., Ltd. commenced the construction of the medium and high-voltage forming foil project for aluminium electrolytic capacitors in Emin County this July. So far, an investment of RMB 300 million has been allocated to complete all the key infrastructures. These include a...
Upstream aluminium recap: World alumina output hits record; Analysts expect volatile market with new trade policies
Updates like record-high alumina production in October, Antam committing $723 million for mining expansion, and global aluminium producers offering 31-49 per cent higher shipment premium to Japanese buyers have taken the aluminium industry by storm this week, indicating an increasing effort towards...
OTTO FUCHS’s production facility in China achieves the ASI Performance Standard V3 Certification
OTTO FUCHS Technology Shenyang Co., Ltd., a wholly-owned subsidiary of Germany's OTTO FUCHS KG, has attained the ASI Performance Standard V3 (2022) Certification – Transitional (Principles 1-4). This certification recognises its commitment to sustainable practices in manufacturing automotive...
World alumina production in October surpasses all historical records with highest-ever daily average output
According to the International Aluminium Institute survey, the world’s alumina production in October 2024 reached a new high in tandem with the growth across all the major producing regions. The daily average output also exceeded all the previous records, reflecting a month-on-month increase of...
Qinbao International Trade signs RMB 3 billion deal for its upcoming aluminium production base
On Tuesday, November 5th, Jing Xin, Chairman of Qinbao International Trade, led a delegation to Tianlin Baikuang Industrial Park in Baise City. The visit included a detailed inspection of the aluminium rod processing production line and the inauguration of the Qinbao International Trade aluminium...
China’s aluminium plate, sheet and strip exports grow aligned with rising production; SMM finds a 34% Y-o-Y hike
China's aluminium plate, sheet and strip exports trended up in October 2024, both monthly and annually. According to China customs data, the export volume in the said month stood at 300,300 tonnes, reflecting a Y-o-Y hike of 34 per cent and a M-o-M rise of 4 per cent. Image Source: Mingtai...
Saint-Gobain pushes for tariffs on sol-gel alumina abrasive imports from China
Saint-Gobain Ceramics & Plastics, Inc. has officially filed a petition seeking to impose antidumping and countervailing duties on sol-gel alumina-based ceramic abrasive grains imported from China. The move is aimed at addressing what the company claims are unfair trade practices that have impacted...
China’s A00 aluminium ingot price loses RMB140/t; Alumina price witnesses slower growth rate arriving at RMB5719/t
On Thursday, November 28, the A00 aluminium ingot price declined by RMB 140 per tonne to settle at RMB 20,400 per tonne, with the spot contract price expected to be traded at a premium price of RMB 10 to RMB 50 per tonne. The average prices may range between RMB 20,380 per tonne and RMB 20,420 per...
