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Domestic and Ex-China aluminium prices consolidate at lows and recover; Destocking tailwinds offset Ex-China capacity headwinds
07 Jul 20268MINS
Primary AL
Futures: The most-traded SHFE aluminium contract opened at RMB 22,850 per tonne in the night session on July 6, reached a highest price of RMB 22,950 per tonne, a lowest price of RMB 22,790 per tonne, and finally closed at RMB 22,900 per tonne, up 0.07 per cent from the previous close. During this period, the price rebounded from the recent low of 22,250, repairing with a small bullish candlestick, and stood above MA5 (22,823.05), but still traded below all the medium and long-term moving ave ...
Viohalco celebrates 25 years of Bridgnorth Aluminium ownership with completion of £180m investment drive
06 Jul 20263MINS
Downstream
One of Bridgnorth’s largest employers has completed its latest capital equipment installation to take total investment in its Stourbridge Road factory to USD240.11 million (£180m). Bridgnorth Aluminium, which is the UK’s last remaining aluminium rolling mill, revealed the new thin gauge slitting line at a special party held this weekend to mark 25 years of ownership by Viohalco Group, a Greek industrial powerhouse. More than 500 members of staff, local dignitaries and key stakeholders enjoyed ...

06 Jul 20262MINS
Primary AL
The SHFE aluminium 2606 contract traded with its centre higher than the previous trading day’s corresponding level in the morning session. Pressured by rising aluminium prices, selling sentiment improved from the previous day, but buying sentiment was relatively soft, as some downstream players had limited acceptance of the higher prices. Market liquidity was ample, and mainstream transactions were concluded on par with to a premium of RMB 10 per tonne against the SHFE July contract. In east ...
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