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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Chinese producers are cautious about using aluminium alloys for wires and cables
Attracted by the lower costs, many Chinese companies are carrying out extensive Research and Development (R&D) to try and implement aluminium alloy instead of copper in wires and cables. The SMM’s latest survey however shows that most of the cable producers and taking the ‘wait and watch’ stance...
Alumina prices in China to rise further for H2 2014, SMM expects
A rising trend is expected to be continuing for the rest of the year due to growing demand and supply tightness, Shanghai Metals Market foresees. The commissioning of new capacity in Q3 or Q4, delayed by falling prices early this year, and idled capacity resumption will grow demand for alumina, SMM...
Will Chinese aluminum smelters continue to cut losses in H2 2014: SMM
Aluminum prices have been on a bullish track in last one month. In the Shanghai market, the average spot price of A00 aluminum ingot gained 7.73% from Jun. 30 to 14,360 yuan per tonne on Aug. 29, according to the data of Shanghai Metals Market. During 1H, domestic aluminum producers were able to...
China’s idled smelters to be revived by end of September
According to the Shanghai Metals forecast, the aluminium supplies on China’s four prime regions – Shanghai, Wuxi, Nanhai and Hangzhou will start increasing again in September as the idled and new capacity will be put back on stream by revived smelters. Some of the smelters that were idled in the...
China to boost exports of semi-finished aluminium products
Chinese producers of semi-finished aluminium products are likely to boost exports in the second half of the year, taking advantage of strong international prices as small customers face tight credit at home, industry sources said. Strong Chinese exports of semi-finished products could be used to...
Average operating rate at Chinese aluminum FRP producers down to 59.58% in July
Average operating rate at major Chinese aluminum plate/sheet, strip and foil producers fell by 1.49% to 59.58% in July, Shanghai Metals Market survey reveals. The decline in rate, also a year-on-year 2.12% drop, was due mainly to poor orders and shorter production times during hot days, according...
A356 Aluminum alloy processing fees in China to Stabilize in August following July’s uptick
Processing fees for A356 aluminum alloy in China are expected to stabilize between 700-750 yuan ($114-122) per tonne in August after July’s slight rise, Shanghai Metals Market foresees. Tight supply, high production costs and limited demand growth will keep processing charges for the wheel making...
China’s aluminum semis exports grow less than expected to 280,000 tonnes in June
China’s aluminum semis exports did not grow as much as expected in June, Shanghai Metals Market learned. Outbound shipments rose only 2.9% from a year ago to 280,000 tonnes. Overseas buyers continued to push for lower prices, squeezing Chinese producer margins. Besides, many processors preferred to...
Operating rates at Chinese aluminum fabricators expected to fall in July
The average operating rate at Chinese aluminum fabricators is expected to slide in July, Shanghai Metals Market foresees. FRPs The average operating rate will likely inch down to 60% at plate/sheet, strip and foil segments in July. The arrival of the traditional off-season has caused orders to...
China aluminum prices rise on falling inventories, with gains expected continuing, SMM
Aluminum prices are now gathering up the rising momentum due mainly to falling inventories, Shanghai Metals Market understands. It is now the low-demand season, but aluminum stock declines have not slowed from those recorded during the peak-demand period. Last Thursday, total inventories in...
SMM expects little impact on near-term China aluminum supply from production resumptions
Some aluminum producers in Guizhou, Gansu, Henan and Guangxi are now restarting production after local governments introduced stimulus measures, but China’s aluminum market is not expected to suffer immediate impact from those resumptions in the short term, Shanghai Metals Market foresees. At...
Rise in the average operating rate of Chinese A356 aluminium alloy producers
Average operating rate of Chinese A356 aluminum alloy producers rose to 67.50% in June, Shanghai Metals Market survey showed. The 1.25% month-on-month uptick in operating rate allowed output at the surveyed producers to grow 2,000 tonnes on the month to 108,000 tonnes in June, SMM survey showed....
Output cuts expected to shrink China's aluminium surplus
Rising demand and the closure of some 2 million tonnes of aluminium capacity are likely to shrink an expected surplus of the metal in China this year. That would help reinvigorate aluminium prices in the world's top consumer and producer of the commodity, underpinning a global benchmark that has...
China’s primary aluminum imports and exports both grow in May
Inbound and outbound shipments of China’s primary aluminum both grew in May from a year ago, Shanghai Metals Market understood. Inbound shipments of the material jumped 10.24% year-on-year to 24,000 tonnes in May, China Customs showed. SMM believed these imported goods were probably used for...
Operating rate at Chinese aluminum wire and cable producers slides to 59.11% in May 2014
Average operating rate at Chinese aluminum wire and cable producers slid to 59.11% in May, Shanghai Metals Market survey showed. Some producers cut output since demand from the power sector did not grow markedly, while others rejected some orders as banks have tightened lending. Both factors sliced...
Average Operating Rate 61% to drop to at Chinese Aluminum FRP Producers in June
The average operating rate at alumninium producers in China is expected to fall to 61% in the month of June, according to Shanghai Metals Market. SMM says, the main reasons behind this drop are start of off-season as well as liquidity crunch. The tightening liquidity in mid-year and poor orders are...
Operating Rates at Chinese Aluminum Extruders may fall in June
Shanghai Metals Market foresees that the operating rates at Chinese Aluminium Extruders will fall slightly during the month of June. This decline has resulted from the requirements of higher environmental protection, tightening liquidity, shortage of labor and the beginning of a low-demand season,...
SMM’s Analysis of bauxite imports in April 2014
China imported a total of 1.58 mn mt of bauxite in the month of April, down by 76.59% YoY. China Customs said, YTD imports through the month of April were 14.47 min mt, down by 29.92% YoY. There was no information about Indonesian bauxite arriving in China in April and Australian bauxite imports...
