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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SMM expects China’s aluminium plate/sheet and strip output will mark a 2% Y-o-Y growth at 2022-end
According to the Shanghai Metals Market, China’s aluminium plate/sheet and strip output is expected to amount to 12.9 million tonnes at the end of 2022, reflecting an increase of 2 per cent over the year. Aluminium foil output is estimated to clock at 4.75 million tonnes at year-end, up 3 per cent...
Lower cargo arrivals continue to cause primary aluminium inventories downfall across China
Social inventories of primary aluminium across China’s eight major consumption areas, including SHFE warrants, stood at 613,000 tonnes, after being slipped by 8,000 tonnes or 1.29 per cent over the weekend from 621,000 tonnes, found the Shanghai Metals Market data. On a week-on-week calculation,...
China’s aluminium extrusion exports in nine months of 2022 grow 2.6% YoY due to low SHFE/LME price ratio
According to the Shanghai Metals Market, China’s aluminium extrusion imports from January to September 2022 stood at 26,000 tonnes, reflecting an increase of 12.4 per cent year-on-year. The trend suggests that the total import volume through 2022 will record growth after six consecutive years of...
Recycled aluminium recap: Covid resurgence impacts on secondary aluminium shipments of Henan province; Bolt recycles its retired scooters to create aluminium jewellery collection
Recycling is proven to be more of a need than a cause for concern in the socioeconomic climate of today when the world is buzzing with issues like a growing global population, rising carbon emissions, rising energy expenses, and a scarcity of feedstock. The Henan province's secondary...
China’s A00 aluminium ingot inventories fall 15,000 tonnes W-o-W due to logistic issues
According to the Shanghai Metals Market, primary aluminium inventories in China witnessed a decrease of 15,000 tonnes week-on-week across eight major consumption areas, including SHFE warrants. Therefore, on Thursday, October 27, the inventories totalled 621,000 tonnes, which in comparison with the...
A00 aluminium ingot price in China slumps by RMB280/t; Low carbon aluminium price declines by RMB275/t
On Friday, October 28, A00 aluminium ingot price in China slumped by RMB 280 per tonne to reside at RMB 18,300 per tonne, with the average prices standing between RMB 18,280 per tonne and RMB 18,320 per tonne. The spot contract price is likely to be traded at a discount price of RMB 50 to RMB 10...
China’s A00 aluminium ingot price grows by RMB90/t; Alumina price inches down by RMB2/t
On Wednesday, October 26, A00 aluminium ingot price in China ascended by RMB 90 per tonne to settle at RMB 18,640 per tonne, with the average prices ranging between RMB 18,620 per tonne and RMB 18,660 per tonne. The spot contract price is expected to be traded at a discount price of RMB 20 per...
Primary aluminium inventories in China fall 10,000 tonnes over weekend to total 626,000 tonnes
Social inventories of primary aluminium in China amounted to 626,000 tonnes across eight major consumption areas, including SHFE warrants, on Monday, October 24, according to the Shanghai Metals Market. SMM found the inventories decreased by 10,000 tonnes over the weekend but edged 6,000 tonnes...
China’s primary aluminium output in Sept. 2022 grows 9% YoY but falls 2.5% MoM due to fresh power restrictions in Yunnan
According to the National Bureau of Statistics, China’s primary aluminium production rose 9.3 per cent year-on-year in September 2022 to stand at 3.42 million tonnes, as smelters in a few major regions ramped up output after the ease of power restrictions. Last year, China saw a drop in aluminium...
Alumina spot price in China slips by RMB7/t on Monday; A00 aluminium ingot price records a drop of RMB10/t
The average alumina spot price in China has initiated the week with a further drop of RMB 7per tonne to settle at RMB 2,799 per tonne as of Monday, October 24, according to the Shanghai Metals Market (SMM). Among the major consumption cities, Guangxi has witnessed a decline of RMB 20 per tonne to...
China’s primary aluminium inventories fall 19,000 tonnes W-o-W due to lower cargo arrivals
According to the Shanghai Metals Market, China’s social inventories of primary aluminium totalled 636,000 tonnes across eight major consumption areas, including SHFE warrants, as of Thursday, October 20. That was a downfall of 28,000 tonnes from Monday and 19,000 tonnes a week ago. On Monday,...
Aluminium billet inventories in China plummet by 9.29% W-o-W to 97,600 tonnes
On Thursday, October 13, aluminium billet inventories in China dwindled by 10,000 tonnes or 9.29 per cent across five major consumption areas. The inventory settled at 97,600 tonnes from 107,600 tonnes recorded on Monday, October 10. Shipments from Yunnan and Xinjiang to Guangdong were decreased by...
China’s primary aluminium inventories experience speedy recovery during National Day holiday to stand at 674,000 tonnes
The Shanghai Metals Market survey found social inventories of primary aluminium built-up 55,000 tonnes across eight major Chinese consumption areas, including SHFE warrants, during the National Day holiday ended October 7, 2022. As of Saturday, October 8, inventories totalled 674,000 tonnes, up by...
LME levitates by US$97.50/t closing at US$2261.50/t; SHFE remains closed for National Day
On October 4, Tuesday LME aluminium cash bid price has escalated by US$98 per tonne or 4.53 per cent to settle at US$2,261 per tonne, and LME aluminium official settlement price also has hiked by US$97.50 per tonne or 4.5 per cent to rest at US$2,261.50 per tonne. 3-month bid price has skyrocketed...
Aluminium billet inventories in China nosedive by 26,000 tonnes W-o-W to 80,100 tonnes
As of Thursday, September 29, aluminium billet inventory in China nosedived by 26,000 tonnes W-o-W across four major consumption areas. The inventory closed at 80,100 tonnes from 106,100 tonnes recorded last week. The figure below provides further information on the current state of aluminium...
China’s A00 aluminium ingot price glides up by RMB200/t; Australian Alumina FOB price loses US$5/t
A00 aluminium ingot price has augmented by RMB 200 per tonne to close at RMB 18,340 per tonne, as the Shanghai Metals Market recorded on Friday, September 30. The average prices are expected to range between RMB 18,320 per tonne and RMB 18,360 per tonne, with spot contracts trading at discount...
Alumina spot price in China sheds RMB3/t marking eighth day of fall; A00 aluminium ingot price plunges by RMB310/t
A00 aluminium ingot price has nosedived by RMB 310 per tonne to close at RMB 17,960 per tonne, as the Shanghai Metals Market recorded on Wednesday, September 28. The average prices are expected to range between RMB 17,940 per tonne and RMB 17,980 per tonne, with spot contracts trading at discount...
China’s primary aluminium inventories decline to a year-to-date low at 652,000 tonnes on September 26
According to the Shanghai Metals Market, social inventories of primary aluminium across China’s eight major consumption areas, including SHFE warrants, decreased by 14,000 tonnes over the weekend to a total 652,000 tonnes. On a week-on-week basis, the inventories plunged by 33,000 tonnes on Monday,...
