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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Primary aluminium inventories extend decline over the weekend by 2000 tonnes on Nov. 28
According to the Shanghai Metals Market, social inventories of primary aluminium across China’s eight major consumption areas stood at 516,000 tonnes, reaching a new low on Monday, November 28. Over the weekend, the inventories edged 2,000 tonnes lower than 518,000 tonnes on Thursday, October 24,...
China’s aluminium ingot inventories drop 29,000 tonnes W-o-W to 518,000 tonnes
According to the Shanghai Metals Market, China's primary aluminium inventories decreased by 29,000 tonnes week-on-week across eight major consumption areas, including SHFE warrants. Therefore, on Thursday, November 24, the inventories totalled 518,000 tonnes, which in comparison with the month's...
LME benchmark aluminium price dwindles down by US$20/t; SHFE also loses US$27/t
LME aluminium opened at US$2,394 per tonne on Thursday and closed at US$2,368 per tonne, down US$22 per tonne or 0.92 per cent. On November 24, Thursday LME aluminium cash bid price slumped to US$2343.50 per tonne after US$19.50 per tonne or 0.82 per cent was subtracted from it, and the LME...
Alumina price grows by RMB16/t to RMB 2,791/t; A00 aluminium ingot price falls by RMB70/t
The average alumina spot price has stopped at RMB 2,791 per tonne after witnessing a growth of RMB 16 per tonne on Friday, November 25. The prices in Shanxi, Guizhou and Guangxi have ascended by RMB 20 per tonne to halt at RMB 2,805 per tonne, RMB 2,740 per tonne and RMB 2,700 per tonne. In...
China: Guangxi offers subsidies to local aluminium smelters in a bid to encourage production acceleration
According to the Shanghai Metals Market report, Guangxi province encourages aluminium smelters to resume potlines at the earliest and boost capacity utilization rates by offering subsidies and alluring incentive plans. The province will provide subsidies to the smelters whose potlines were shut...
China’s primary aluminium inventories tumble through the weekend to a new low at 530,000 tonnes
According to the Shanghai Metals Market, China’s social inventories of primary aluminium continued to slump through the weekend ended Monday, November 21, by 17,000 tonnes amounting to 530,000 tonnes. On a week-on-week calculation, the inventories edged 23,000 tonnes lower than 553,000 tonnes. With...
China’s aluminium ingot inventory dives down 29,000 tonnes W-o-W notably lower than the same time last year
According to the Shanghai Metals Market, primary aluminium inventories in China witnessed a slump of 29,000 tonnes week-on-week across eight major consumption areas, including SHFE warrants. Therefore, on Thursday, November 17, the inventories totalled 547,000 tonnes, which in comparison with the...
China’s A00 aluminium ingot price glides up by RMB260/t; Low carbon aluminium acquires RMB200/t
A00 aluminium ingot price has shot up by RMB 260 per tonne, closing at RMB 19,250 per tonne, as the Shanghai Metals Market recorded on Friday, November 18. The average prices are expected to range between RMB 19,230 per tonne and RMB 19,2 70 per tonne, with spot contracts trading at a discount...
China’s aluminium billet inventories gain 6400 tonnes this week on cargo arrivals
According to the Shanghai Metals Market, aluminium billet inventories in China have accumulated 6,400 tonnes over the week ending November 17, 2022, amounting to 60,600 tonnes. Last Thursday, November 10, inventories fell by almost the same amount (6,300 tonnes) to stand at 54,200 tonnes. Increase...
China’s primary aluminium production grows 9.5% in October; strong output amid weak domestic demand weighs on prices
The National Bureau of Statistics revealed China’s primary aluminium production in October 2022 increased by 9.5 per cent year-on-year, bolstered by the ease of power consumption curb than the previous year and growing exports. NBS data showed the country produced 3.45 million tonnes of the metal,...
China’s primary aluminium inventories stand 23,000 tonnes lower over the weekend, shows SMM
According to the Shanghai Metals Market, social inventories of primary aluminium across China’s eight major consumption areas, including SHFE warrants, totalled 553,000 tonnes, losing further 23,000 tonnes over the weekend ended November 14. On a week-on-week basis, primary aluminium inventories...
LME benchmark aluminium price descends to US$2392/t with US$18/t loss; SHFE gains US$3/t
LME aluminium opened at US$2,464 per tonne on Monday, with its high and low at US$2,478 per tonne and US$2,408 per tonne, respectively, before closing at US$2,436 per tonne, an increase of US$27.5 per tonne or 1.12 per cent. On November 14, Monday LME aluminium cash bid price slumps by US$16.50 per...
China’s domestic alumina price continues its downtrend at RMB2776/t causing losses to refineries; aluminium ingot price gains RMB20/t
The average alumina spot price has continued to decline across China by RMB 2 per tonne on Monday, November 14, to stand at RMB 2,776 per tonne. In Shandong, alumina price has lost RMB 10 per tonne to open the week at RMB 2,710 per tonne, according to the Shanghai Metals Market. As a result of the...
China’s A00 aluminium ingot inventories drop 4,000 tonnes W-o-W to 576,000 tonnes
According to the Shanghai Metals Market, primary aluminium inventories in China witnessed a decrease of 4,000 tonnes week-on-week across eight major consumption areas, including SHFE warrants. Therefore, on Thursday, November 10, the inventories totalled 576,000 tonnes, which in comparison with the...
China’s aluminium production reflects a 7.8% rise Y-o-Y to 3.41 million tonnes in October’22
According to the Shanghai Metals Market, China’s aluminium production amounted to 3.41 million tonnes in October (31 calendar days), with daily output of 110,100 tonnes. The monthly output reflected a 7.8 per cent growth year-on-year, driven by domestic operating capacity rise in October and more...
China’s Oct. alumina output dips to 6.68 Mt M-o-M owing to production cut for higher operating costs
According to the Shanghai Metals Market, China produced 6.68 million tonnes of metallurgical-grade alumina in October 2022 (31 calendar days), with daily output of 215,400 tonnes. The monthly production stood 0.61 per cent down M-o-M but 10.3 per cent more over the year. At the end of October, the...
Primary aluminium inventories in China decline to a new low this year at 571,000 tonnes: SMM
Social inventories of primary aluminium in China have further lost 9,000 tonnes over the weekend ended November 7, 2022, across eight major consumption areas, including SHFE warrants, found the Shanghai Metals Market. Thus, the inventories froze at 571,000 tonnes as of November 7, down by 42,000...
Primary aluminium inventories total the lowest this year at 580,000 tonnes: SMM
According to the Shanghai Metals Market, social inventories of primary aluminium continued to decline week-on-week by 41,000 tonnes, ended November 3, 2022. The stocks plunged across eight major consumption areas across China, including SHFE warrants, to total 580,000 tonnes, down by 33,000 tonnes...
