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 alumina production in May'21 grows for the third consecutive month to 6.42 million tonnes: SMM
Shanghai Metals Market (SMM) found that China’s alumina production rose for the third consecutive month in May 2021. According to the data, China produced 6.42 million tonnes of alumina in May, which reflected an increase of 5.07 per cent from 6.11 million tonnes in April. Of 6.42 million tonnes,...
Three-month LME aluminium up by 2.08% to settle at US$2,455/t; SHFE aluminium slipped 1.3%
Three-month LME aluminium went up 2.08% to settle at US$2,455 per tonne last Friday night, with open interest up 7,236 lots to 720,000 lots. SMM expects the contract to trade between US$2,400-2,470 per tonne today. As of Friday, June 4, LME aluminium cash (bid) price stands at US$ 2412.50 per...
Alumina price in China increases by RMB9/t after an intermittent restraint; Primary ingot price jumps above RMB18500/t
The average alumina spot price has continued to increase after an intermittent restraint on Friday, June 4. According to the Shanghai Metals Market, the price on June 7 has gained RMB 9 per tonne to come in at RMB 2,485 per tonne. In Shandong, alumina price has climbed by RMB 20 per tonne to RMB...
Primary Aluminium Weekly Recap: China’s aluminium ingot price plunged by RMB 410/t; Century Aluminum increased its production capacity at Mt. Holly aluminium smelter
Primary aluminium sector witnessed expansions and announcement of production data. LME price ended higher this week, while SMM aluminium ingot price trended downward. Let's recapitulate some of the top aluminium news from primary aluminium sector. LME aluminium cash (bid) price and LME official...
Weekly update: Aluminium ingot price in China saw downward trend this week; Alumina price performed higher
SMM aluminium ingot price witnessed downward trend this week. The week started with a decrease of RMB 40 per tonne and RMB 70 per tonne on Monday, 31 May and Tuesday 01 June to RMB 18780 per tonne and RMB 18710 per tonne. The price on Thursday stood at RMB 18670 per tonne, down RMB 10 per tonne...
China’s primary aluminium inventories continue to decline to 954,000 tonnes on June 3
As updated by Shanghai Metals Market, social inventories of primary aluminium across eight consumption areas in China, including SHFE warrants, continued to decline this week. The stocks dropped by 8,000 tonnes from the week before to 954,000 tonnes as of Thursday, 03 June 2021. The chart below...
China’s aluminium billet inventories grow 1.2% as downstream sector resists stocks on weaker aluminium prices
Aluminium billet inventories in China have inched up by 1,100 tonnes or 1.2 per cent week-on-week across the five major consumption areas, following the three consecutive weeks of decline. The inventories are thus standing at 89,400 tonnes as of June 3, according to the Shanghai Metals Market. The...
Alumina spot price in China further gains RMB4/t to settle at RMB2476/t; A00 aluminium ingot price drops by RMB10/t
The average alumina spot price in China has extended its growth by RMB 4 per tonne to come in at RMB 2,476 per tonne on Thursday, June 3, found the Shanghai Metals Market. In Guizhou and Guangxi, alumina price has increased by RMB 15 per tonne to peg at RMB 2,430 per tonne, while the price in Henan...
Operating rates of China’s major aluminium processors dip 0.6 percentage point last week: SMM
Decline in operating rates of primary and secondary aluminium alloy enterprises last week pulled down the operating rates of major aluminium processors by 0.6 percentage point, found the Shanghai Metals Market. Some construction extrusion companies were affected by electricity curtailment, while...
Prebaked anode price in China soars by RMB315/t after a month of restraint; A00 aluminium ingot price extends decline to RMB18710/t
According to the Shanghai Metals Market, prebaked anode price in East China has soared by RMB 315 per tonne on June 1, 2021, to stand at RMB 4,712.50 per tonne. This marks an increase after almost a month of restraint at RMB 4,397.50 per tonne. The average prices are expected to range between RMB...
Three-month LME aluminium ended the week higher at US$2,506/t; SHFE aluminium added 1.47%
Three-month LME aluminium went up 0.78% to close at US$2,506 per tonne last Friday. SMM expects the contract to trade between US$2,480-2,540 per tonne today. As of Friday, May 28, LME aluminium cash (bid) price stands at US$ 2404.50 per tonne, LME official settlement price stands at US$ 2404.50 per...
Weekly update: Aluminium ingot price in China ended the week higher; Alumina price performed higher
SMM aluminium ingot price started the week with a decrease of RMB 110 per tonne on Monday, 24 May 2021 to RMB 18,340 per tonne. The price increased on Tuesday and Wednesday to stand at RMB 18370 per tonne and RMB 18390 per tonne, up by RMB 30 per tonne and RMB 20 per tonne. The aluminium price...
Primary aluminium inventories in China shed 58,000 tonnes to stand below 1 million tonnes: SMM
Primary aluminium inventories have continued to decline to stand below 1 million tonnes. According to the Shanghai Metals Market, social inventories of primary aluminium have decreased by 58,000 tonnes or 5.69 per cent across eight major consumption areas in China, including SHFE warrants, to come...
Alumina spot price in China grows for the second consecutive day to RMB2449/t; A00 aluminium ingot price sheds RMB110/t
The average alumina spot price in China has recorded a rise for the second day in a row, albeit lower than the previous day, by RMB 18 per tonne, found the Shanghai Metals Market. So, as of Monday, May 24, the price is standing at RMB 2,449 per tonne. In Shanxi, alumina price has increased by RMB...
China’s aluminium billet inventories shrink 15.8% to stand below 100,000 tonnes this week: SMM
Shanghai Metals Market data showed that aluminium billet inventories decreased by 16,600 tonnes or 15.8 per cent week-on-week across the five major consumption areas in China. That brought the inventories to 88,600 tonnes on May 20, compared to 105,200 tonnes on May 13. The fall in aluminium billet...
Primary aluminium inventories in China extend decline to 1.02 MT as purchase increases on price plunge
Shanghai Metals Market found a week-on-week decline of 41,000 tonnes in primary aluminium ingot inventories to stand at 1.02 million tonnes as of Thursday, May 20. Stocks fell across eight major consumption areas in China except for Chongqing as the last two consecutive days of decrease in A00...
A00 aluminium ingot price in China plummets by RMB440/t amid muted input costs: SMM
A00 aluminium ingot price in China has recorded a sharp fall of RMB 440 per tonne on Thursday, May 20, to come in at RMB 19,110 per tonne, found the Shanghai Metals Market. The average prices are expected to range between RMB 19,090 per tonne and RMB 19,130 per tonne, with spot contract to be...
Alumina spot price in China gains RMB9/t to settle above RMB2400/t; A00 aluminium ingot price stands at RMB19860/t
The average alumina spot price in China has inched up by RMB 9 per tonne to settle at RMB 2,407 per tonne as of Tuesday, May 18, according to the Shanghai Metals Market. In Henan, the price has increased by RMB 15 per tonne to come in at RMB 2,410 per tonne, while the price in Shandong and Guizhou...
