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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Production resumption and capacity expansion may further bring down aluminium price
According to Shanghai Metals Market, the prices of aluminium should come down due to expected growing supply against closing of the peak-demand season. Incentive policies as well as falling power costs are the factors that will encourage the idled capacities to resume their work and the setting up...
Spot aluminium stockpiles continue to fall in China; export orders up
Spot aluminium stockpiles continued to fall in China as a lower Shanghai-London price ratio increased export orders for the metal products, according to a survey by Shanghai Metals Market. Stockpiles of the lightweight metal on a spot basis in China’s four major trading regions – Shanghai, Wuxi,...
Fall in Chinese alumina prices due to low SHFE aluminium prices
Chinese alumina prices based on term contract fell by 50 yuan a ton to 2,250 a ton, a pricing data report by Shangai Metals Market said. The fall in price is mainly due to weak aluminum prices on the Shanghai Futures Exchange which further is related to alumina prices, says SMM. Chinese alumina...
China’s new power transmission lines down 38% in March
The length of power transmission lines of and above 220 kV newly built in March slid 38% from a year ago, Shanghai Metals Market learnt. In March, 2,793 kilometers of power lines of 220-kV and above were constructed, while the country’s power grid investment increased 3% year-on-year to 26 billion...
Spot Aluminium Stockpiles declines for the first time in China over a year
The stockpiles of spot aluminium in China was down for the 1st time within a year after the production was cut down in a number of smelters to reduce losses, a survey made by Shanghai Metals Market said that. On a spot basis, stockpiles of aluminium were down in four major trading regions in China...
SMM Aluminum Market Morning Review (2014-4-22)
On Monday night, SHFE 1406 aluminum contract fluctuated in a RMB 13,190-13,205/mt band after starting at RMB 13,200/mt, and finished the night session at RMB 13,205/mt. Trading volumes totaled 456 lots, and positions added 54 lots to 112,268 lots. The most active SHFE aluminum contract is expected...
China aluminum exports reach highest on overseas premium since 2011
China Aluminum exports reached the highest level since the last 2 years in the last month as traders got very high returns amidst a record premium while shipping the metal overseas. Unwrought aluminum exports and aluminum products were 370,000 mt tons in the month of March, according to customs...
A365 aluminum alloy processing fees to rally in China in Apr. on stronger demand
Processing charges for A356 aluminum alloy in China are poised to rally in April as the peak-demand season arrives, Shanghai Metals Market foresees. Output at A356 aluminum alloy producers surveyed by SMM totaled 113,750 tonnes in March, up 3,750 tonnes from February. Operating rates averaged...
Power grid growth in China to boost demand for aluminium cables and wires
According to a report from Shanghai Metals Market, high-voltage power transmission lines that were constructed in 2014 beginning had increased in length by 11% compared to the previous year. This has supported the demand of aluminum cables and wires. During the months of January & February 4,201...
China's Aluminium Semis Exports to Climb in 2014 on Domestic Cost Advantage: SMM
China’s aluminium product exports are expected to climb in 2014 as semis producers are gaining a cost advantage from more depressed domestic prices of the metal, Shanghai Metals Market said at its 9th Copper & Aluminium Summit. Chinese exports of aluminium plates and strips may rise by 9.5%...
Spot aluminium stockpiles in China crossed 1 million tons
Spot aluminium stockpiles crossed1 million tons in China as no signs of recovery were seen in consumption of downstream, a survey by the Shanghai Metals Market said. On a spot basis aluminium stockplies in the 4 major trading regions of China – Nanhai, Shanghai, Wuxi and Hangzhou – rose by 79,000...
Alumina imports of China to fall in Feb due to cut down of production costs
Alumina imports of China are expected to fall in the month of February, largely due to falling post-holiday demand as well as cut down of production costs by aluminum smelters, as said by Shanghai Metals Market. The aluminium producers in China have almost lost their enthusiasm in building up...
Suvery: Spot Aluminium Stockpiles Grow in China as Downstream Demand Has Yet to Recover
Spot aluminium stockpiles grew in China by a hefty amount of 82,000 tons last week due to a lack of downstream consumption, according to a survey by Shanghai Metals Market. Stockpiles of the lightweight metal on a spot basis in China’s four major trading regions – Shanghai, Wuxi, Nanhai and...
China’s A356 aluminum alloy output down in Feb. due to Chinese New Year
China’s output of A356 aluminum alloy dropped in February since the Chinese New Year holiday allowed fewer working days in the month, Shanghai Metals Market has learned. Output at producers surveyed by SMM totaled 110,000 tonnes this month, down 5,500 tonnes from January. Operating rates averaged...
China’s A356 aluminum alloy stocks to grow in Jan. on growing output
A356 aluminum alloy stocks in China were expected to grow in January due to growing production and sagging demand, Shanghai Metals Market has learned. Output at producers surveyed by SMM totaled 115,500 tonnes this month, up 6,000 tonnes from a month ago. Operating rates averaged 70.0%, also an...
China to impose tiered power tariffs on aluminum smelters in Jan. 2014
China will impose tiered power rates on aluminum smelters, starting on January 1, 2014, as part of its efforts to address severe overcapacity in the industry, Shanghai Metals Market has learned. Power tariffs for aluminum smelters will be based on the amount of power used in the previous year....
Aluminium to make further inroads in power cable industry in China
With huge aluminium power cable production capacities coming on stream in China, the lightweight metal is set to make further inroads in power cable industry to substitute copper, Shanghai Metals Market foresees. As uniform standards for all aluminium alloy conductors (AAAC) are being studied by...
China's A356 aluminium alloys output recovers in Nov following earlier cuts
China’s production of A356 aluminium alloys, used in making wheels, recovered in November following output cuts earlier and gains in silicon prices, Shanghai Metals Market has learned. A356 aluminium alloys output increased 3,300 tonnes from October to 100,800 tonnes this month, while average...
