Aluminium fluoride prices rise on cost support; premium for high-grade supply widens
This week, trading sentiment in China's aluminium fluoride enterprises was moderate, and aluminium fluoride prices continued to rise. As of now, SMM mainstream quotations for aluminium fluoride stand at RMB 11,500-12,300 per tonne; cryolite spot prices firmed, with SMM cryolite quotations at RMB...
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....
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Average prices of A00 aluminium ingot continue rising in China markets on the news of capacity cut
<p>The prices for A00 Aluminium Ingot for all provinces in the China markets (North, South, East, North-East and South-West) have registered a rise on July10 2017. The market is expecting a drop in aluminium output in China in July, as the major aluminium players are announcing output cuts. As...
Henan to cut down offline aluminium capacity by 2018
<p>According to a document recently issued by the provincial government, Henan, one of the five major aluminium producing regions in China, will cut down its aluminium capacity that has been out of operations for more than one year before the end of 2018.</p> <p><img...
Henan aluminium processors face another round of pollution checks
<p>Aluminium processors based in Gongyi of Henan in China is experiencing another round of environmental protection checks. Shanghai Metals market learnt that the central inspection team will be there at the place conducting the inspections from July 5-10.</p> <p>Gongyi, a hub of China’s...
China’s primary aluminium production climbs in June
<p>China’s primary aluminium production increased year-on-year in June. The country’s aluminium capacity in operation also climbed last month, cited by Shanghai Metals Market.</p> <p><img style="vertical-align: middle; display: block; margin-left: auto; margin-right: auto;"...
Henan excluded from inspection of captive power plants at aluminium smelters
<p>Henan, one of the five major aluminium producing regions in China, is exempted from the inspection of coal-fired captive power plants at aluminium smelters by the Chinese Authorities, reported by an SMM.</p> <p>Liu Libin, Vice General of Henan Nonferrous Metals...
China’s export of aluminium foil estimated to rise in Q2 FY2017-18
<p>China’s export of light gauge aluminium foils are falling because of anti-dumping duty imposed by India and anti-dumping investigation by the US. The anti- dumping measures on aluminium foils affected the overseas export orders in China. Recently, aluminium processors told SMM that...
Expect rational approach to aluminium output cut: SMM
<p>China aluminium market, and to some extent, regional markets outside China heavily dependent on the country for aluminium imports have been worrying over aluminium output cut planned for the winter heating season this year. Shanghai Metals Market observes that such concerns are somewhat...
Shandong Weiqiao announces to cut 250,000 tonnes of aluminium capacity
<p>The Chinese government is continuing to push for wide-scale aluminium supply side reform. After China Hongqiao Group, the biggest aluminium producer in China, announced curtailment of its outdated capacity a few days back, it is time now for another aluminium giant Shandong Weiqiao Group to walk...
Shandong and Henan province produced 18.21 tonnes of aluminium semis in H12017
<p>The China Nonferrous Metals Industry Association (CNIA) released latest data that showed the aluminium semis production in Shandong and Henan province in the first half of 2017.</p> <p><img style="vertical-align: middle; display: block; margin-left: auto; margin-right: auto;"...
LME aluminium slides to new monthly low as oil prices provide little support
<p>LME aluminium is continuing its slide under negative market fundamentals. Crude oil prices are falling globally. Unable to draw support from the key commodity factor, the light metal dived to US$1,855 per tonne after night trading on Monday, June 26, down from US$1,868 per tonne last Friday,...
LME aluminium to fluctuate at lows amid weak fundamentals, SHFE aluminium edges up
<p>LME aluminium has been largely range bound over the last seven days. The light metal which showed a mild uptrend on Thursday (June 22), last week, settled at US$1,868 per tonne after night trading on Friday, June 23. Shanghai Metals Market (SMM) observes that LME aluminium will keep swinging...
SMM projects aluminium use in vehicles to see small peak in 2019
<p>According to a report produced by Shanghai Metals Market, the aluminium usages in passenger vehicles are not extensive yet because of the expensive aluminium parts. A survey of nearly 20 carmakers including BMW, Audi and SAIC Motor has revealed that the aluminium applications in cars are still...
Anti-dumping measure affects aluminium product exports in China, SMM Says
<p>According to a report published by Shanghai Metals Market, anti-dumping measures have affected the overseas export orders in China. Recently, aluminium processors told SMM that the measures against China have started affecting their export orders.</p> <p><img style="vertical-align: middle;...
China aluminium scrap imports hit by intensified customs checks, SMM Reports
<p>China Customs has intensified checks on scrap imports this year, leading to a significant increase in the number of containers being rejected, SMM learned.</p> <p><img style="vertical-align: middle; display: block; margin-left: auto; margin-right: auto;"...
LME aluminium drops on sluggish overseas demand, Chalco cuts China aluminium prices
<p>LME aluminium just managed to stay on the higher side of US$1,900 per tonne last week. The light metal traded globally closed at US$1,901.50 per tonne on Friday, June 9, marginally down from US$1,902.50 per tonne on June 8. Shanghai Metals Market (SMM) analysis suggests that aluminium prices on...
China records rise in export of aluminium in Q4 2016-17
<p>China, the world’s fastest growing and second largest economy, plays a dominant role in in the global aluminium market. The nation accounts for about a half of global aluminium consumption, and is forecasted to boost this share to 59 per cent by 2025.</p> <p>According to an SMM report,...
SMM Expects China Alumina Output to fall in June
<p>China’s alumina output rose 17.1% year-on-year to 5.68 million tonnes in May, and the daily average output dropped 3.5% month-on-month to 183,000 tonnes, SMM statistics showed.</p> <p>Alumina prices fell below costs. This, combined with environmental issue in Shanxi and Guizhou, prompted...
LME aluminium to range US$1,895-1,915/t, with resistance at 5-day moving average
<p>LME aluminium is nearing a strong resistance at the five-day moving average. The light metal traded globally dropped marginally to US$1,902.50 after night trading on Thursday, June 8, from US$1,903.50 per tonne on Wednesday, June 7. </p> <p>Shanghai Metals Market (SMM) suggests that LME...
