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...
Grow with
AL Circle
SMM A00 aluminium ingot price skyrockets by RMB 360/t along with a surge in imported bauxite by US$ 0.03/t
According to the Shanghai Metals Market (SMM) survey, as of 25th September 2024, China’s average A00 aluminium ingot price has skyrocketed by RMB 360 per tonne to reach RMB 20,160 per tonne. This huge increase brings the average price higher W-o-W by RMB 370 per tonne from RMB 19,790 per tonne. The...
LME aluminium price marks a surge of US$87/t to US$2542/t; SHFE price expands by US$37/t
LME aluminium opened the previous trading day at US$2,489 per tonne, with a high of US$2,568 per tonne and a low of US$2,483 per tonne, closing at US$2,554 per tonne, up US$68 per tonne, an increase of 2.73 per cent. Both the cash bid price and official settlement price marked a surge of US$86 per...
Baowu Aluminum celebrates the successful installation of F0 production line rolling mill
Jianpeng, Secretary of the Party Committee, Chairman of the Board of Directors, and General Commander of the Engineering Headquarters of Baowu Aluminum Industry, announced the successful installation of the rolling mill for the F0 production line at the hot rolling plant. The F0 project at Baowu...
LME aluminium price slumps by US$22/t; SHFE price gains US$26/t
The previous trading day, LME aluminium opened at US$2,485 per tonne, with a high of US$2,499 per tonne and a low of US$2,456 per tonne, closing at US$2,486 per tonne, up US$1 per tonne, an increase of 0.04 per cent. On Monday, September 23, both LME aluminium cash bid price and LME aluminium...
Fujifilm's statement on the Department of Commerce's calculation of proposed duties on aluminium lithographic printing plates
FUJIFILM North America Corporation, Graphic Communication Division, on September 23, 2024 released the following statement from Hidetoshi (Toshi) Kino, general manager, Graphic Communication Division, FUJIFILM North America Corporation, regarding the U.S. Department of Commerce (DOC) final...
Open arbitrage window and risen domestic demand propel China’s primary aluminium imports to a monthly high
China’s primary aluminium imports recorded month-on-month and year-on-year increases in August 2024, while exports showed a downtrend, suggesting an impressive domestic demand for the primary metal over the rest of the world. China’s domestic aluminium processing enterprises have received new...
LME aluminium benchmark price closes the week with a decline of US$46/t; SHFE price falls to US$2807/t
On the previous trading day, LME aluminium opened at US$2,536.5 per tonne, hit a high of US$2,551 per tonne and a low of US$2,478 per tonne, and closed at US$2,486 per tonne, down US$53.5 per tonne, a decrease of 2.11 per cent. As per the LME price graph, on Friday, September 20, both cash bid...
Chongqing Millison Technologies earns ASI Chain of Custody (CoC) Standard V2 (2022) Certification
China-based Chongqing Millison Technologies has achieved the ASI Chain of Custody (CoC) Standard V2 (2022) Certification for its re-melting, casting, and processing operations for aluminium alloy parts in Banan District. Earlier in January 2024 the company had also achieved the ASI Performance...
Baowu Aluminum marks its entry into the aviation materials market with AS9100 Certification
China-based Baowu Aluminum has obtained the AS9100 aerospace quality management system certification. This certification grants the company access to the aviation materials market and marks an essential step towards entering the global civil aerospace industry. The AS9100 certification is among the...
RUSAL becomes the first foreign company to earn China's Green Power Aluminium Certificate
RUSAL, one of the world's largest aluminium producers, has become the first company to accomplish the Green Power Aluminium certification procedures. On September 9-12, an evaluation team from the China Non-ferrous Metal Industry Association (CNIA) Green Product Certification Center, led by Ma...
China's bauxite imports in August surpass previous record despite drop in Australian arrivals
China's bauxite imports have set a new monthly high for August 2024, exceeding the previous month's record by marking M-o-M increase of 3.64 per cent and year-on-year surge of 34.23 per cent. China incessantly ramped up its bauxite import by volume, taking advantage of lower imported prices...
LME aluminium price adds US$3/t to US$2523/t; SHFE price ascends to US$2844/t
Yesterday, LME aluminium opened at US$2,521.5 per tonne, hit a high of US$2,569 per tonne and a low of US$2,506 per tonne, and closed at $2,540 per tonne, up $18 per tonne or 0.71 per cent. On Thursday, September 19, both LME aluminium cash bid price and LME aluminium official settlement price...
SMM alumina price skyrockets by RMB18/t; A00 aluminium ingot price sees uptick by RMB 40/t
According to the Shanghai Metals Market (SMM), the average alumina spot price has skyrocketed by RMB 18 per tonne to clock at RMB 3,993 per tonne. This significant growth in China’s domestic alumina price highlights the growing demand for alumina to support the increased production of primary...
LME aluminium benchmark price gains US$14.5/t; SHFE price hikes to US$2815/t
The previous trading day, LME aluminium opened at US$2,509 per tonne, reached a high of US$2,542 per tonne, a low of US$2,485 per tonne, and closed at US$2,522 per tonne, up US$15.5 per tonne, an increase of 0.62 per cent. On Wednesday, September 18, both LME aluminium cash bid price and LME...
China demonstrates an uptrend in aluminium exports and imports for August 2024, suggesting a demand recovery
In August 2024, China’s imports and exports of unwrought aluminium and aluminium products increased, suggesting an increase in domestic production and a gradual recovery in demand aligned with a ramp-up in overseas orders for Chinese aluminium semis. Overview of August imports According to the...
LME aluminium benchmark price moves up to US$2505.50/t; SHFE price gains US$17/t
LME aluminium opened at US$2,517 per tonne, hit a high of US$2,539.5 per tonne, a low of US$2,505.5 per tonne, and closed at US$2,506.5 per tonne, down US$8.5 per tonne, a decrease of 0.34 per cent. On Tuesday, September 17, both LME aluminium cash bid price and LME aluminium official settlement...
BYD takes full control of Denza EV venture, ending 13-year partnership with Mercedes-Benz
Chinese automaker BYD Co. has taken full control of its joint venture with Mercedes-Benz Group AG, marking the end of a 13-year partnership in China's electric vehicle (EV) market. BYD acquired the remaining 10 per cent of shares in the company that were previously owned by Mercedes-Benz, bringing...
Italy backs European Commission’s proposed tariffs on Chinese electric vehicle imports
Italy has extended its support to the European Commission's proposed tariffs on Chinese electric vehicle imports, said Italian Foreign Minister Antonio Tajani in an interview on Monday, September 16, before meeting China's Minister of Commerce Wang Wentao. Tajani asserted, "We support the duties...
