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...
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Flooding Chinese aluminum semis sparks anger in overseas markets
Rusal recently accused China of dumping aluminum semis and has called for a discussion of the issue at the next World Customs Organisation meeting. China exported 3.67 million tonnes of aluminum semis in 2014, up 600,000 tonnes or 19.5% from a year ago. The country also exported 800,000 tonnes of...
Shanghai aluminum prices to rise on expectations of positive policies
Shanghai aluminum prices are expected to rise on expectations of positive policies in China, Shanghai Metals Market’s interview shows. China is going to hold the 2015 NPC & CPPCC sessions soon, and favorable policies are expected to be rolled out during the meeting, which will provide an...
Soaring post-holiday aluminum stocks to weigh on prices in China
Aluminum stocks in China will balloon after the Chinese New Year holiday, as goods continued to arrive while consumption stagnated during the holiday,which will weigh on prices, Shanghai Metals market predicts. New capacity keeping coming on stream, incentivized by a 1,000 yuan ()/tonne fall in...
China’s Q1 aluminium prices could dip to $1,957, predicts SMM
Shanghai Metal Market forecasts that the overproduction in China coupled with the potential fall in the alumina prices could drag the spot aluminium price down to 12,000 yuan ($1,957) in Q1 2015. The relentless Chinese aluminium output is likely to soar in Q1 while the consumption will not be as...
China spot aluminum to crash through $1,957/ton in Q1 2015, SMM sees
Spot aluminum in China could crash through 12,000 yuan ($1,957) per tonne in Q1 2015, pressured by worsening supply glut and potential fall in alumina prices, Shanghai Metals Market foresees. China’s monthly aluminum output is expected to continue rising in Q1. Aluminum consumption, however, might...
China primary aluminum imports plunge 87.19% YoY in Nov. 2014
China’s primary aluminum imports dived 87.19% on the year in November 2014, due to unfavorable SHFE/LME arbitrage and rising premiums overseas, Shanghai Metals Market understands. Inbound shipments were 4,904 tonnes in November, and imports from January through November totaled 265,800 tonnes, also...
SMM Aluminum Market daily review (2014-12-25)
On Wednesday night, SHFE 1503 aluminum contract rose to RMB 13,120/mt after starting at RMB 13,100/mt, and finished the night session at RMB 13,110/mt. Trading volumes totaled 10,400 lots, with positions up 1,210 lots to 134,824 lots. On Thursday, the most active contract was range-bound without...
China alumina output hits record high of 4.4 Mln tonnes in Nov. 2014
China’s alumina production hit record high of 4.4 million tonnes in November, SMM data showed. Strong alumina prices, high profit and strong demand from northeast China gave alumina refineries incentive to produce. Operating rates at Chinese alumina refineries rose 5 percentage points...
Revocation of Chinese export duty on aluminium rods unlikely to raise exports
Chinese aluminium market players when contacted for information revealed that they expect the government will revoke the 15% provisional export duty imposed on aluminium non-alloy rods. This of course creates an opportunity for the exports to boom but removal of export duty alone cannot aid the...
China aluminum alloy consumption to grow in 2014, SMM sees
China’s aluminum alloy consumption will grow in 2014 due to robust demand from wheel manufacturers, Shanghai Metals Market foresees. Strong exports of China’s aluminum alloy wheels will support aluminum alloy consumption. China exported 71,500 tonnes of aluminum alloy wheels in October, up 13.0%...
Aluminum price expects at $1,850-2,150/tonne in 2015, Says SMM
"Alumnum market in 2015 will repeat the trend of price movements seen in 2014," Shanghai Metals Market's alumnum analyst predicts. "In 2015, LME aluminum price will range $1,850-2,150 per tonne, and 12,800-15,000 yuan per tonne in SHFE alumnum market," said Wang Chunhui, SMM's aluminum analyst....
Strong exports to support China aluminum consumption in 2015, SMM’s Wang says
Aluminum consumption will remain weak in China in 2015, but robust exports will support overall consumption, Shanghai Metals Market predicts. “Exports of Chinese aluminum semis are expected to be strong in 2015, as the SHFE/LME aluminum price ratio will favor outbound shipments,” said Wang, SMM’s...
Operating rate at Chinese A356 aluminum alloy producers rises to 67.18% in Nov. 2014
Output at Chinese A356 aluminum alloy producers in SMM’s survey sample totaled 114,200 mt in October, up slightly from September. The average operating rate also inched up MoM to 67.18%. Aluminum wheel rim exports have been stable since July, but domestic consumption fell, biting aluminum alloy...
China’s once top aluminum producing province short of aluminum as local processing industry booms
Henan, used to be China’s top aluminum producing province, now finds itself short of the light metal due to its booming processing industry, Shanghai Metals Market has learned. With the rapid development of local processing industry, the province will see its aluminum production (forecasted at 3.28...
Aluminum outperforms despite strong dollar and growing risks
Aluminum is expected to prove resistant to declines, and may rally this week, Shanghai Metals Market’s Xue foresees. A slew of risky events are going to be released this week, and the results are believed to put a downward pressure on base metals market, in addition to a strong dollar. “Aluminum,...
China Alumina Output to Rebound in Oct. as Refineries Reopen
China’s alumina output will rebound in October following maintenance-induced decline in September, Shanghai Metals Market foresees. Completion of facility overhaul and production incentive from rising alumina prices will be two major drivers of production recovery, SMM understands. For example,...
China aluminum imports down 74.57% in August 2014
China’s primary aluminum imports slumped 74.57% YoY and 39.78% MoM to 8,487 mt in August, according to China Customs. As SMM anticipated, aluminum imports dropped in August as a result of falling SHFE/LME aluminum price ratio in July. Imports of primary aluminum are expected to remain low in...
ISRI announces new board members
The Institute of Scrap Recycling Industries (ISRI), the Voice of the Recycling IndustryTM, recently named Paul Brenner of Brenner Recycling (Hazleton, PA) and Scott Miller of Sims Metal Management (New York, NY) to its Board of Directors. Both will serve as directors-at-large through the 2016 term....
