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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China’s alumina price accumulates RMB11/t in two days; A00 aluminium ingot price loses RMB250/t W-o-W
According to the Shanghai Metals Market survey, China’s average alumina spot price has increased for the second day in a row by RMB 5 per tonne to reach RMB 3,932 per tonne as of Tuesday, September 3. In two days, the price has accumulated RMB 11 per tonne, marking a week-on-week increase of RMB 16...
LME aluminium hits 2-week low as China’s manufacturing activity slows down in August; SHFE price slumps by US$50/t
On Monday, LME aluminium opened at US$2,449.5 per tonne, hit a high of US$2,456.5 per tonne and a low of US$2,411 per tonne, and closed at US$2,424 per tonne, down US$22 per tonne, or 0.90 per cent. As per the LME data, on Monday, August 2, aluminium prices dropped to a two-week low following data...
Key highlights from the global aluminium industry, August 2024
In August 2024, the global aluminium industry experienced notable fluctuations in pricing, reflecting a complex interplay of market dynamics and economic factors. There was a moderate increase in aluminium prices on the LME and the SHFE over the month. This uptick can be attributed to ongoing...
China’s A00 aluminium ingot price experiences downward trend by RMB 170/t today but surges by RMB 460/t M-o-M
As of 2nd September, the Shanghai Metal Market (SMM) China’s A00 aluminium ingot price initiated the month with an average price of RMB 19,460 per tonne, dropped by RMB 170 per tonne from the previous day. The average price is likely to fluctuate between RMB 19,440 per tonne to RMB 19,480 per...
LME aluminium price closes the week with a hike of RMB26/t; SHFE price adds US$12/t
Last Friday, LME aluminium opened at US$2,460 per tonne, with a high of US$2,498 per tonne, a low of US$2,440.5 per tonne, and closed at US$2,446 per tonne, down US$25.5 per tonne, a decrease of 1.03 per cent. On Friday, August 30, both LME aluminium cash bid price and LME aluminium official...
Innovative aluminium technologies from Zhengzhou Research Institute recognised for low carbon excellence
Recently, the Carbon Research Institute of Zhengzhou Research Institute of Chinalco achieved recognition for three significant technical advancements. These innovations have been officially designated as "Green and Low Carbon Advanced Technological Achievements of Henan Province (2024)." The three...
Upstream weekly recap: Aluminum Association backs Canada's new tariff on Chinese imports
This week, notable developments have surfaced in the upstream aluminium sector, covering bauxite, alumina, and primary aluminium. To begin with, a recent report stated that the Canadian government is considering adopting a tariff strategy similar to that of the United States, targeting electric...
Dongqing Melting and Casting Plant unlock major breakthrough in aluminium recycling, boosting circular economy
China-based Dongqing Melting and Casting Plant has unlocked a significant breakthrough in advancing the recycling of aluminium. The company has consistently enhanced the use of recycled aluminium, by effectively utilising these resources. The plant has contributed significantly to environmental...
China's A00 aluminium ingot market experienced incline in price by RMB 80/t today, with the bauxite price rising by US$ 0.01/t
According to the Shanghai Metal Market survey (SMM), as of 30th August, China’s A00 aluminium ingot price has surged by RMB 80 per tonne after a huge downfall the previous day by RMB 250 per tonne. Today, the average aluminium price closed at RMB 19,630 per tonne. The week ends on a more or less...
LME aluminium benchmark price declines by US$42/t; SHFE price falls to US$2772/t
On Thursday, LME aluminium opened at a high of US$2,486.5 per tonne, a low of US$2,450 per tonne, and closed at US$2,466 per tonne, down US$18 per tonne, a decrease of 0.72 per cent. On Thursday, August 29, both LME aluminium cash bid price and LME aluminium official settlement price declined by...
Press Metal's Q2 net profit jumps 65%, driven by higher prices and export gains
The largest integrated aluminium producer in Southeast Asia, Press Metal Aluminium Holdings Bhd, reported a 65 per cent increase in net profit for Q2 FY2024, driven primarily by higher selling prices and a stronger US dollar, which bolstered export revenues. For the quarter ending June 30, 2024,...
Top 10 aluminium alloy wheel manufacturers in Asia - meet the industry leaders
The concept of alloy wheels dates back to the early 1920s when they were used to enhance vehicles’ performance. The journey started with alloy wheels made from wooden planks with rounded edges and progressed until the age of aluminium alloy wheels. 1974 was the year that marked the first offer of...
SMM A00 aluminium ingot price contracts by RMB 250/t today, marking a Y-o-Y decline of RMB640/t
On Thursday, August 29, China’s A00 aluminium ingot price has declined by RMB 250 per tonne to settle at RMB 19,550 per tonne, with the average price expected to stand between RMB 19,530 per tonne and RMB 19,570 per tonne. The spot contract price will be traded at a discount price of RMB 110 per...
China’s A00 Aluminium ingot price sees uptick today but remains down by RMB 1,230/t compared to three months ago
According to the Shanghai Metals Market (SMM), the price of A00 aluminium ingots has experienced a slight increase after stabilising the previous day. On August 28th, the price has grown by RMB 60 per tonne, reaching RMB 19,800 per tonne. However, the price remains on a downtrend when compared to...
LME aluminium benchmark price gains US$21/t; SHFE price moves down by US$2/t
On Tuesday, LME aluminium opened at US$2,532 per tonne, with a high of US$2,554 per tonne and a low of US$2,502.5 per tonne, closing at US$2,546.5 per tonne, up US$13 per tonne or 0.51 per cent. On Tuesday, August 27, both LME aluminium cash bid price and LME aluminium official settlement price...
US anti-dumping measures dampen China’s July aluminium extrusion exports, resulting in 75% M-o-M fall
According to China customs data, domestic aluminium extrusion exports in July 2024 amounted to 90,300 tonnes, marking a dramatic month-on-month fall of 74.8 per cent but a modest rise of 0.83 per cent year-on-year. In June, Chinese aluminium extrusion exports, including HS codes 76041010, 76041090,...
Zhengzhou Research Institute hosts seminar on revising national safety standards for China's primary aluminium industry
Zhengzhou Research Institute recently hosted a seminar focused on revising the mandatory national standard, "Code for Safe Production of Aluminum Electrolysis" (GB29741-2013). During the seminar, Wang Huaijiang, the Institute's deputy general manager and safety director, outlined the primary...
China slams Canada for its 25% tariff plan on Chinese aluminium and steel
According to a report, China has denounced Canada's proposed tariffs on Chinese aluminium, steel, and electric vehicles. A spokesperson for the Chinese Embassy in Canada said Canada's tariff plans reflect a typical act of trade protectionism and political dominance. The spokesperson cautioned that...
