Guizhou Aluminum Plant's diesel anode transport vehicle passes inspection, ships to Kazakhstan
The diesel anode transport vehicle independently developed by Guizhou Aluminum Plant has successfully passed factory inspection and been officially loaded for shipment to Kazakhstan. The anode transport vehicle is a core specialised equipment for aluminium electrolysis production, facing harsh...
Aluminium prices drift higher as September peak season operations recover amid low inventory
Futures: The most-traded SHFE aluminium contract opened at RMB 24,400 per tonne in the night session on September 7, reached a high of RMB 24,470 per tonne and a low of RMB 24,335 per tonne, and closed at RMB 24,450 per tonne, up 30 from the previous close, a gain of 0.12 per cent. Prices traded...
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China’s primary aluminium inventories swiftly increase to 1.14 million tonnes over this weekend
China’s social inventories of primary aluminium have built-up by 96,000 tonnes over the weekend ended February 6, 2023, across eight major Chinese consumption areas, including SHFE warrants, to stand at 1.14 million tonnes, found the Shanghai Metals Market data. On a week-on-week basis, the...
China’s A00 aluminium ingot price plummets by RMB130/t; Caustic Soda price in Shaanxi losses RMB275/t
A00 aluminium ingot price has slumped by RMB 130 per tonne, halting at RMB 18,750 per tonne, as the Shanghai Metals Market recorded on February 6. The average prices are expected to range between RMB 18,730 per tonne and RMB 18,770 per tonne, with spot contracts trading at discount prices of RMB 90...
China’s primary aluminium inventory soars on a weekly scale by 113,000 tonnes as of February 2
According to the Shanghai Metals Market, China's primary aluminium inventories massively increased by 113,000 tonnes on a weekly basis across eight major consumption areas, including SHFE warrants. On Thursday, February 2, the inventories totalled 104,70,00 tonnes, which in comparison with the last...
China’s A00 aluminium ingot price hovers upwards by RMB50/t; Low carbon aluminium price goes RMB60/t up
A00 aluminium ingot price has escalated by RMB 50 per tonne, halting at RMB 19,010 per tonne, as the Shanghai Metals Market recorded on February 2. The average prices are expected to range between RMB 18,990 per tonne and RMB 19,030 per tonne, with spot contracts trading at discount prices of RMB...
China’s primary aluminium inventories record 185,000 tonnes of a hike on resumption from the CNY holiday
According to the Shanghai Metals Market, China’s social inventories of primary aluminium across eight major consumption areas totalled 986,000 tonnes as of Monday, January 30, up 57,000 tonnes from 929,000 tonnes on January 28 and 242,000 tonnes higher than the pre-Chinese New Year level. As of...
China’s aluminium billet inventories continue to grow surpassing 100,000 tonnes this week
China’s aluminium billet inventories recorded a hike on Thursday, January 19, marking the fourth consecutive week of rise. According to the Shanghai Metals Market data, the inventories accumulated 37,200 tonnes from the previous week to reach 131,900 tonnes across five major consumption areas....
A00 aluminium ingot price further up by RMB200/t enabling smelters to yield profit; Aluminium alloy price returns to RMB20000/t
A00 aluminium ingot price in China has recorded a hike for the third day in a row by RMB 200 per tonne to settle at RMB 18,840 per tonne, learned the Shanghai Metals Market data. The average prices are expected to range between RMB 18,820 per tonne and RMB 18,860 per tonne, with a spot contract to...
China’s A00 aluminium ingot price augments by RMB130/t; Australian alumina FOB price shoots up by US$7/t
A00 aluminium ingot price has been boosted by RMB 130 per tonne, halting at RMB 18,640 per tonne, as the Shanghai Metals Market recorded on January 18. The aluminium price has risen for two consecutive days, and the mid-week scenario seems to be pointing at a subtle price increase throughout the...
Aluminium extruders operating rates dip 1.4 percentage points M-o-M in Dec’22 due to demand drop from real estate
In December 2022, the average operating rate of aluminium extruders recorded a month-on-month drop of 1.4 percentage points and a year-on-year decline of 14 percentage points to stand at 36.5 per cent, found the Shanghai Metals Market data. The average operating rate of large enterprises was 37.8...
China’s A00 aluminium ingot price marks RMB10/t slump after a week of steep rise; Low carbon aluminium sheds RMB30/t
A00 aluminium ingot price has dived down by RMB 10 per tonne, resting at RMB 18,450 per tonne, as the Shanghai Metals Market recorded at the beginning of the week, Monday, January 16. Last week, the aluminium ingot prices were on an upward trajectory but were unable to reach the range of RMB 19,060...
LME benchmark aluminium price strides down by US$4/t; SHFE marks sixth day of rise with US$31/t spike
LME aluminium opened at US$2,458 per tonne on Wednesday and closed at US$2,489 per tonne, an increase of US$26 per tonne or 1.06 per cent. On January 12, Thursday, the LME aluminium cash bid price swamped in a long time by US$4.50 per tonne or 0.18 per cent, closing at US$2,446 per tonne, and the...
China's aluminium billet inventories build up 15,100 tonnes W-o-W to exceed 90,000 tonnes: SMM
Social inventories of aluminium billets in China have further built up 15,100 tonnes week-on-week to peg at 95,000 tonnes on January 12 across the five major consumption areas. Except for Changzhou, all the major markets have witnessed a growth in billet inventories this week, driven by high...
China’s monthly aluminium production records 3% growth M-o-M in Dec’2022, but daily output drops 300 tonnes
According to the Shanghai Metals Market data, China’s aluminium production in December 2022 (31 calendar days) was recorded at 3.44 million tonnes – 2.99 per cent more than 3.34 million tonnes in the previous month and 8.18 per cent higher than 3.14 million tonnes a year earlier. The cumulative...
China’s metallurgical-grade alumina output mounts to 77.68 Mt in 2022 amid energy price surge and pandemic outbreak
According to the Shanghai Metals Market, China’s metallurgical-grade alumina output in December 2022 (31 calendar days) stood at 6.43 million tonnes, reflecting a month-on-month rise of 2.2 per cent from 6.29 million tonnes and a year-on-year increase of 1 per cent from 6.36 million tonnes. But...
China’s A00 aluminium ingot price rallies up by RMB140/t to RMB18000/t; Low carbon aluminium gains RMB170/t
A00 aluminium ingot price has escalated by RMB 140 per tonne, resting at RMB 18,000 per tonne, as the Shanghai Metals Market recorded on Tuesday, January 10. The average prices are expected to range between RMB 17,980 per tonne and RMB 18,020 per tonne, with spot contracts trading at discount...
China’s primary aluminium inventories reach 622,000 tonnes on Jan 9, with Wuxi contributing the highest
According to the Shanghai Metals Market, social inventories of primary aluminium accumulated 46,000 tonnes over the weekend across the eight major Chinese consumption areas, including SHFE warrants, as of Monday, January 9. The inventories have come in at 622,000 tonnes versus 576,000 tonnes on...
China’s aluminium ingot inventory skyrockets by 83,000 tonnes W-o-W to 576,000 tonnes on January 5
According to the Shanghai Metals Market, China's primary aluminium inventories massively increased by 83,000 tonnes week-on-week across eight major consumption areas, including SHFE warrants. On Thursday, January 5, the inventories totalled 576,000 tonnes, which in comparison with the month's first...
Guizhou Power Grid imposes third round of power rationing on aluminium smelters to curb energy shortage
The Shanghai Metals Market reported on Thursday, January 5, that Guizhou Power Grid issued a new notice, stating the power load across the province continued to run at a high level due to the steep rise in heating demand for low temperatures. Therefore, the power shortage extended even after two...
