ADC12 consolidates on a strong note as costs rise and orders see marginal improvement
Aluminium scrap: This week, China's aluminium scrap market price centre edged up alongside primary aluminium. As of September 10, SMM A00 aluminium prices closed at RMB 24,560 per tonne, up RMB 210 per tonne from RMB 24,350 per tonne last Thursday. Domestic aluminium scrap prices followed with...
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...
Grow with
AL Circle
High-cost Chinese aluminum smelters under growing pressure to cut output
High-cost aluminum smelters in China are under growing pressure to cut output against falling aluminum prices, Shanghai Metals Market notes. Some 7.85 million-tpy aluminum capacity in China - 22.3% of the country’s operational aluminum capacity - were operating above the cash costs of 13,000 yuan...
LME Aluminum to rise to $ 1,670-1,710 next week
LME aluminum will rise to $ 1,670-1,710 per tonne next week, Shanghai Metals Market foresees. The price rise will be driven by positive technical side, easing Greek debt crisis and impressive rally of Chinese stock market. SHFE 1509 aluminum contract will face upward correction after sharp fall,...
China aluminum costs continue falling in June
The average cash cost at Chinese aluminum smelters fell another 2.55% month-on-month in June , driven by lower alumina and power costs, SMM survey showed. Some smelters have received preferential power tariffs due to China’s power reform, cutting the average power cost by 4.55%. Alumina cost fell...
LME aluminum to rebound to $ 1,710-1,750 next week
LME aluminum will rebound to $ 1,710-1,750 per tonne next week, Shanghai Metals Market foresees. KDJ and MACD indicators have sent positive signals. Greek debt crisis has eased. A poll before the referendum showed that there is a good chance for Greece to stay in the euro zone. These will offer...
China’s aluminum semis exports soared 43.7% year-on-year January-May
China’s aluminum semis exports soared 43.7% year-on-year January-May, despite high SHFE/LME aluminum price ratio in Q2. What’s behind the sustainable growth? SMM analyzes this divergence by export model. China’s exports of aluminum semis exports can be divided into “normal” and “masked” exports....
China aluminum prices to fall next week on no sign of demand turnaround
Aluminum prices in China’s spot market will take a hit next week as demand is unlikely to turn around amid strong pessimism, Shanghai Metals Market foresees. Spot aluminum should trade at discounts of 70-120 yuan per tonne over SHFE front-month contract. Selling pressure at highs will keep SHFE...
15% Freight Rate cut to ease cost burden on Xinjiang Aluminum Smelters
Shanghai Metals Market reports that the 15% cut on freight rate for shipping aluminum ingot out of Xinjiang effective from June 12, will cut down costs for local smelters in the midst of low aluminium price. SMM’s research team analyses that the discounted rate will save 75 yuan on per ton of...
Operating rate at Chinese aluminum rolling mills and extrusion sector to fall in June
Operating rates at Chinese aluminum rolling mills will fall in June due to softer end user demand, SMM predicts. Hot summer will undermine activity in construction, transportation, and home appliance sectors, hurting demand for aluminum plate, strip and foil. The operating rate in foil segment...
SHFE aluminum to rebound next week after hitting over three-year low
August aluminum on the SHFE is expected to rebound to 12,600-12,750 yuan per tonne next week, Shanghai Metals Market foresees. The contract is in oversold territory, presaging a rally on the horizon, SMM’s research team said. LME aluminum might face correction following steep fall this past week,...
China aluminum extrusion operating rate to fall further to 58% in May
The average operating rate at Chinese aluminum extruders is expected to fall another 7 percentage points from a year ago to 58% in May, Shanghai Metals Market foresees. Despite interest rate cuts by the PBOC, it is still difficult for aluminum extruders to secure loans from banks, SMM has learned....
China aluminum wire and cable operating rate to rise to 58% in May
The average operating rate at Chinese aluminum wire & cable producers is expected to rise to 58% in May on growing demand, Shanghai Metals Market foresees. State Grid has ramped up power grid construction since April with the weather getting warmer, a trend that is expected to continue until the...
Poor market might dampen aluminum prices in Q2
Aluminum prices in China are expected to take a hit in Q2 as the supply/demand imbalance will deteriorate, Shanghai Metals Market foresees. On the supply side, operational aluminum capacity in China hit 30.95 million tonnes at the end of April, up some 900,000 tonnes from the end of last year, SMM...
China A356 aluminum alloy operating rate rises to 63.2% in April
The average operating rate at 15 Chinese A356 aluminum alloy producers rose from a month ago to 63.2% in April, SMM’s latest survey showed. Output at those surveyed increased 4,000 tonnes month-on-month to 110,600 tonnes, SMM data showed. Processing fees for A356 aluminum alloy changed little from...
China aluminum semis exports unlikely to be strong in Q2
China exported 360,000 tonnes of unwrought aluminum and aluminum semis in March, down 14.3% February, customs data showed. SMM attributes the surprising decline to sharply falling overseas aluminum premiums and rising SHFE/LME aluminum price ratio, which hurt token exports of aluminum semis....
China A356 aluminum alloy operating rate fell to 60.91% in March
The average operating rate at 15 Chinese A356 aluminum alloy producers fell from a month ago to 60.91% in March, SMM’s latest survey showed. Output at those surveyed dropped to 106,600 tonnes, due to maintenance or non-market-driven production cuts, SMM data showed. Processing fees for A356...
China to add 1 million-tpy aluminum capacity in Q2, SMM sees
Close to 2 million-tpy new aluminum capacity entered production in China from November through Q1, and an additional 1 million-tpy is about to come online in Q2, Shanghai Metals Market foresees. Falling power costs is the main incentive behind the aggressive expansions. The weighted average cash...
China’s aluminum semis exports fell 2.6% MoM in February
China exported 390,000 mt of aluminum semis in February, up 178.57% YoY, but down 2.6% MoM, customs data showed. The Chinese New Year fell in February this year. This should have undermined aluminum semi exports. SMM attributes the unexpected rise in export volumes to token exports of aluminum...
Malaysian Bauxite exports to china could soar to over 8 million tonnes in 2015, SMM sees
China’s imports of Malaysian bauxite could balloon to 8-10 million tonnes in 2015, Liu Xiaolei, aluminum analyst at SMM said during the recent 2015 Shanghai Copper & Aluminum Summit. China has diversified its sources of bauxite supply, with the number of supplying countries increasing to 9 in 2014...
