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 […]
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 […]
As most of you know, every year folks from around the world descend on the annual TMS convention to discuss the latest developments in petcoke, calcined coke and other raw materials. This year TMS is being held in San Diego. And each year, I run a live blog, describing the atmosphere and the […]
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 […]
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 […]
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 […]
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