BLACK CHINA BLOG >> Aluminium


Just 4 months after an anonymous website accused China Hongqiao of fraudulent numbers in their financial reporting, a company called Emerson Analytics has taken a sword to Hongqiao’s books. The Emerson report was published yesterday, and labels Hongqiao as a “strong sell”.  According to Emerson, the true value of Hongqiao’s shares is some 60% lower […]

By: Paul Adkins | Read More

Aluminum prices rose then fell last week, and the overall focus will move down. The dominant contract of SHFE reached RMB14,375 on Tuesday; then the speculative fund started to be sold, causing panic selling. It reached 13,505 on Friday, the lowest in this week. The LME aluminum price is more stable than the Chinese aluminum […]

By: Monte Zhang | Read More

China Customs published the January aluminum imports and exports figure. The primary exports dropped 96.43% YoY. Both Semi and scrap exports increased in January. Semi export was up by 5.3% YoY with 350Kt and scrap surged 228.22% YoY in January. The primary import dropped compared to the last December, but it still remained high with […]

By: Kathy Liu | Read More

IAI published the January aluminum production volume yesterday. China’s January aluminum production number was reported as 2950Kt. It equals to around 95Kt daily production. Compared to last December’s aluminum production 2891Kt, this is not a big rise at all. Early February, SMM published the January aluminum production volume with     3038Kt. That was around 98Kt per […]

By: Kathy Liu | Read More

As the end of Chinese Lantern Festival last week, aluminum processing enterprises successively returned to business, and started ordering replacement metal stocks. That caused metal prices to rise.  The aluminum price of the dominant contract of SHFE peaked at RMB14000/ton from the lowest price of RMB13770/ton on Monday. The largest price rise was as much […]

By: Monte Zhang | Read More

Since the Chinese New Year break, the spot price of aluminum has jumped to RMB14,000/t. Positive macro-economic performance and signals of limited supply overseas are pushing the future market up and gave a strong support to spot market. The recent concerns about cuts to capacity because of environmental restrictions have contributed. As aluminum production grows, demand for […]

By: June Wang | Read More
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