Domestic NPI Prices Edge up
20/09/19 | Nickel
Shanghai Nonferrous Metals News 19 September, SMM: Domestic NPI prices climbed to RMB1,145~1,165/Ni unit, up by RMB10/Ni unit on the previous trade day. Some NPI smelters with spot supply intend to quote high at RMB1,200/Ni unit, leaving some space for negotiation. Downstream steel mills are looking at RMB1,160~1,170/Ni unit (delivered),…
Guangxi Huayin 2019 Aa Output Target: 2.1 mln t
20/09/19 | Alumina
Asian Metal News Guangxi Huayin has designed alumina capacity of 2.3 mtpy, comprising five alumina production lines. All five production lines have all been in normal operation since the beginning of 2019. According to an inside source, the company has been running steadily throughout 2019, producing 1.4 mln t of…
Qinghai Western Hydro Restarts 50 ktpy Primary Al capacity
20/09/19 | Aluminium
Asian Metal News Qinghai Western Hydro, designed with 450 ktpy primary aluminium capacity, began restarting its Phase II – 50 ktpy of primary aluminium capacity (68 x 240 kA cells) on 7th September, and will gradually ramp up to full capacity operation within a month’s time. The company halted 150…
Domestic Mg Prices Stable in August
19/09/19 | Magnesium
China Nonferrous Metals News Domestic magnesium prices averaged RMB 15,817/t in August, down 10.24% y-o-y, with prices averaging RMB16,639/t during the first eight months of 2019, up 5.55% y-o-y. At the beginning of August, domestic magnesium prices stopped falling and stabilized at RMB15,650/t. Later in the month, RMB depreciation has…
Yunnan Shenhuo Postpones Commencement Date
19/09/19 | Aluminium
Cnal News Yunnan Shenhuo smelter, a subordinate of the Henan Shenhuo Group, is slowing project construction due to poor weather. Henan Shenhuo Group has a 920 ktpy quota for primary aluminium smelting, of which 20 ktpy has been replaced/sold to IM Jinlian smelter. The remaining 900 ktpy was replaced/sold to…
Guangxi Xinfa to Resume Al Production
19/09/19 | Aluminium
Asian Metal News Guangxi Xinfa, with aluminium capacity of 320ktpy, is planning to resume full capacity operation in mid-September. The company suspended 40 ktpy of aluminium capacity (50 sets of 240 kA electrolytic cells) in mid-June due to a liquid aluminium spill. Maintenance on these cells was completed in mid-August…
Chalco Zhongzhou Resumes Full Aa Operations
19/09/19 | Alumina
Asian Metal News Chalco Zhongzhou, designed with alumina capacity of 2.4 mtpy, resumed full operations at the beginning of September. The company has five calcination furnaces with daily output of 1,350/t each. Environmental upgrades on one furnace was completed by end-August, marking completion of environmental upgrades on three of the…
Pengjin Mg – Xiaxian Shanxi Suspends Operations
19/09/19 | Magnesium
Asian Metal News Pengjin Magnesium at Xiaxian County Shanxi suspended its magnesium production lines in late August in the wake of stringent environmental rules and negative margins. Production costs of Pengjin average RMB15,700/t, which is higher than current market prices. Given a bleak market outlook in addition to excessive market…
China Moly Wins 28.3 kt Fanya APT Bid
19/09/19 | Molybdenum
China Commodity Marketplace 12PM, 17th September: The auction of Fanya’s (Pan-Asian) 28.3 kt APT stocks was completed on the auction platform of the Alibaba Judicial Network. The sales arm of China Moly Co. Ltd. won the bidding for 28.3 kt of APT, with a final transaction price at RMB3.268 bln(approximately…
