BLACK CHINA BLOG >> AZ China


China’s aluminum price at 14000-14500 yuan/t is a result of shutting illegal production, notwithstanding weak demand. Many research institutions also predict further rises; some even predict that aluminum prices will continue to rise and break through 17000 yuan/t. But I think that although policy side of cleaning up illegal production can be expected, yet the new capacity additions should […]

By: Monte Zhang | Read More

On July 17th, just before the future contract transferred from 1707 to 1708, the SHFE active aluminum price surged to RMB14500. Xinjiang Jiarun had shut down all its illegal 150kt aluminum capacity by the end of last week. Xinjiang East Hope has shut around 180 pots with around 250kt capacity. Today, we received the confirmation […]

By: Kathy Liu | Read More

On July 6th-7th, the Yangtze River Delta/Bohai Aluminum Industry Chain Development Forum was successfully held in Binzhou in Shandong province. Nearly 400 representatives from more than 10 provinces attended the forum, holding joint discussion of aluminum industrial development plans. This forum received vigorous guidance from CNIA, China Nonferrous Metal Processing Industry Association and People’s Government of Binzhou […]

By: Monte Zhang | Read More

Last week, the price of aluminum pulled back from recent highs. Influenced by Xinjiang’s statistics of  illegal production capacity and Chinese Hongqiao’s announcement of cutting 250,000 tons of aluminum production, aluminum prices were up sharply at the beginning of the week, with the main aluminum futures contracts surpassing 14000 Yuan/ton.  But then a large number […]

By: Monte Zhang | Read More

Aluminum prices have performed meekly since May, as we entered the low season for demand. The average SHFE active price bounced around RMB13714 in the first half of June. But the price suddenly rebounded and hiked to RMB13995 on June 20th. What caused the price rise and how long will it last? On June 15th, the […]

By: Kathy Liu | Read More

China’s appetite for bauxite and alumina is still growing, so it’s interesting to see what has happened since the days of Indonesia’s ban and the unlikely rise of Malaysia.   Guinea has now risen to be the big mover, replacing both countries.    For Weiqiao (also known as Hongqiao), they seem to have the supply […]

By: June Wang | Read More
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