Macro rate hike expectations bring periodic pressure, while destocking in China provides solid bottom support
Futures: The most-traded SHFE aluminium contract opened at RMB 24,310 per tonne in the night session on September 10, reached a high of RMB 24,310 per tonne and a low of RMB 24,075 per tonne, and closed at RMB 24,125 per tonne, down RMB 365 per tonne or 1.49 per cent from the previous close....
China aluminium sheet, strip and foil defy off-season lull; "golden September" rally in sight
China's aluminium sheet, strip and foil sector posted a stronger-than-expected off-season performance in August 2026, based on Mysteel's data. Specially, the weekly output eased modestly from July peaks but held steady near 390,000 tonnes, with operating rates hovering around 70 per cent. Orders...
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China’s A00 aluminium ingot price declines by RMB150/t W-o-W; Low-carbon aluminium price slumps by RMB70/t
On Tuesday, June 25, China’s A00 aluminium ingot price dropped by RMB 60 per tonne to settle at RMB 20,200 per tonne, with the spot contract price expected to be traded at a discount price of RMB 90 to RMB 50 per tonne. The average prices may orbit between RMB 20,180 per tonne and RMB 20,220 per...
AL Biz expands clientele: Welcomes Zhengzhou Silverstone into the circle of 2100+ B2B aluminium sellers
Established in 2011, Zhengzhou Silverstone has earned the title of reputable trading company specializing in semi-finished aluminium products. With years of experience, they have developed significant expertise in sourcing from leading rolling mills in China and partnering with local metal centres....
China-based Lanzhou Aluminum announces groundbreaking ceremony of its PV project
China-based Lanzhou Aluminum on June 12 announced the groundbreaking ceremony of its distributed photovoltaic (PV) project in the southern factory area, signifying a pivotal advancement for the company in the realm of new energy. During the ceremony, Mao Zhiqiang delivered a passionate speech...
China’s A00 aluminium ingot price opens the week with a fall of RMB 150/t; Aluminium powder price inches down by RMB0.1/kg
On Monday, June 24, China’s A00 aluminium ingot price has slumped by RMB 150 per tonne to settle at RMB 20,260 per tonne, with the spot contract price expected to be traded at a discount price of RMB 80 to RMB 40 per tonne. The average price for the same day is likely to orbit between RMB 20,240...
China Hongqiao unveils Hongqiao Smart Aluminium AI Project in strategic collaboration
China Hongqiao, a global leader in aluminium production with an annual capacity exceeding 6 million tonnes, is proud to announce the launch of the groundbreaking Hongqiao Smart Aluminium AI & L Model Development Project. This initiative, in collaboration with Guoke Interconnect and the Beijing...
Aluminium Alliance: Malaysian tycoon and Chinese billionaire seals multi-million-dollar stake swap
Two prominent figures in the aluminium industry, Malaysian business magnate Koon Poh Keong and Chinese billionaire Song Zuowen, are deepening their collaboration, as reported by Forbes. This multi-million-dollar agreement involves an exchange of ownership stakes in their respective aluminium firms,...
Upstream Aluminium Weekly Recap: Sarawak discovers valuable mineral assets; World primary aluminium output achieves a new high
The upstream aluminium sector, encompassing bauxite, alumina, and primary aluminium) recorded some significant milestones this week in terms of production, trading, inventories, and market developments. Some of the key highlights of the week are: China’s 2-year high production, world’s primary...
May 2024: World primary aluminium production exceeds 6 million tonnes, driven by China's 2-year high output
In May 2024, the world's primary aluminium production experienced a month-on-month increase of 3.86 per cent to repossess the 6 million tonnes level. This monthly growth in May followed a decline in April by 3 per cent from 6.089 million tonnes to 5.906 million tonnes. According to the latest data...
Despite a dip, China's A00 aluminium ingot mitigates weekly price trend with RMB30/t growth
According to the Shanghai Metals Market survey on June 21, A00 aluminium ingot price in China has suffered a loss of RMB 40 per tonne after two consecutive days of rise, settling at RMB 20,410 per tonne at the end of the week. The average prices are expected to range between RMB 20390-20430 per...
China advances towards 2030 carbon emissions goal, cutting 4.3% thermal power consumption in May 2024
China's progressive transition from fossil fuels to renewable energy, harnessed from sunlight and water for power generation, is instilling a sense of optimism. This shift, by the world's largest polluter, is a promising step towards achieving net-zero emissions, offering a beacon of hope for the...
Jan-May 2024: China’s aluminium raw material imports set a bullish trend, with alumina inflows surging 60% Y-o-Y
During January-May 2024, China witnessed a positive trend of aluminium raw material and aluminium product imports, as demonstrated by the Shanghai Metals Market’s latest survey. Considering raw materials, China’s bauxite and alumina imports grew in May due to the growing demand for primary metal...
China’s A00 aluminium ingot price starts regaining but shows no sign of jump due to weak demand
According to the Shanghai Metals Market survey, China’s domestic A00 aluminium ingot price has mirrored the same growth as the previous day. It has increased by RMB 50 per tonne to reach RMB 20,450 per tonne, marking the second consecutive day of rise. The average prices are expected to range...
LME aluminium benchmark price gains US$17.5/t; SHFE price inches up by US$1/t
On the previous trading day, LME aluminium opened at US$2,495 per tonne, reached a high of US$2,520 per tonne, a low of US$2,484 per tonne, and closed at US$2,489.5 per tonne, down US$6 per tonne, a decrease of 0.24 per cent. On Wednesday, June 19, both LME aluminium cash bid price and LME...
AL Circle is ready to witness Aluminium China 2024! Meet our team at Hall N1, Booth No. 1M24
Have you blocked your calendar for Asia's biggest trade show for the aluminium industry and its ancillary sectors? Yes, we mean Aluminium China, and if you're yet to plan for it, here's a gentle reminder! Aluminium China, bringing industry stalwarts under one roof, is set to occur on July 3-5,...
China's domestic alumina market consolidates
The Chinese domestic alumina market has consolidated recently at a high level. Prices remain up around RMB3800/tonne, almost RMB1000 above where they were just a few weeks ago. There's little chance of prices going down, as demand is still strong and supply lines are still struggling. Imported ore...
China’s A00 aluminium price sees a growth of RMB50/t after a week-long downfall for low demand and high production
The latest Shanghai Metals Market (SMM) data reveals a mixed scenario in the aluminium market with today’s price for A00 aluminium ingot showing a slight rise of RMB 50 per tonne to RMB 20,400 per tonnes . The average prices are estimated to range between RMB 20,380 per tonne and RMB 20,420 per...
LME aluminium price recovers US$7/t from the previous day fall; SHFE price grows back-to-back
On Tuesday, June 17, LME aluminium opened at US$2,508 per tonne, reached a high of US$2,520 per tonne, a low of US$2,470 per tonne, and closed at US$2,495.50 per tonne, down US$12 per tonne, a decrease of 0.48 per cent. On Tuesday, June 18, LME aluminium cash bid price and LME aluminium official...
Influence of orders and supply on alumina inventory at Chinese smelters
According to the Shanghai Metals Market survey in early June, the accumulated inventory of alumina at aluminium smelters across China stood at 2.8815 million tonnes. The number of days of in-plant alumina stocks at Chinese aluminium smelters in early June was 12.78 days, considering that the...
