China’s Aa Production Cuts to End Price Decline
25/07/19 | Alumina
Cnal News 24th July: Antaike says that the 1.5 mtpy closures at China’s refineries will curb the oversupply of alumina, that prices are approaching a two-year low and will bottom-out. Reduced production levels have affected the major alumina centres, Shanxi and Henan, of which a 1 mln t reduction was…
Lubei Refinery: Calcined High-temperature Aa Production Increases by 12.5% YOY
25/07/19 | Alumina
Asian Metal News As the largest producer of calcined high-temperature alumina in China, Shandong Lubei Refinery announced that it intends to produce 180 kt of calcined high-temperature alumina in 2019, an increase of 12.5% compared with 160 kt in 2018. The company has three rotary kilns with calcined high-temperature alumina…
Domestic Mg Prices Edge Up Slightly
24/07/19 | Magnesium
China Nonferrous Metals News Domestic magnesium prices rose moderately last week driven by rising FeSi prices. However due to continued sluggish downstream demand, high-price level transactions were limited, seeing magnesium prices steady at low-levels after Wednesday last week. As of 19th July, mainstream quotations for magnesium ingot (99.9% grade) were…
Lianyungang Port: Four Aa Import Shipments in July
24/07/19 | Alumina
Asian Metal News Four alumina import shipments from Australia, totaling 120 kt are scheduled to arrive at Lianyungang Port this July, marking a high point for 2019. To date, two shipments of 60 kt each have arrived at Lianyungang Port with a third scheduled to arrive next week and a…
East Hope Jinzhong Maintenance
24/07/19 | Alumina
Asian Metal News East Hope Jinzhong Aluminium Co. Ltd. has designed alumina capacity of 3.2 mtpy comprising three production lines of two 1 mtpy lines and one 1.2 mtpy line. The company has brought its maintenance plan for one line forward from August to July due to weak alumina prices.…
China June Aa Imports at 50 kt
24/07/19 | Alumina
Cnal News China imported 50 kt of alumina in June, up 4.6% on-year. China imported 320 kt of alumina during H1 2019, down 9.5% on-year. China exported 3,757 t of alumina in June, falling by nearly 50% from 7,536 t in May 2019. Read More
Domestic W Market Stable at Low-end
23/07/19 | Tungsten
China Commodity Marketplace The domestic tungsten market has been stable at low levels recently. Upward momentum in tungsten prices has been slow after reaching bottom and consolidating at the low-end. Meanwhile, miners are showing a tendency to hold firm on prices, represented by declining transactions at low-price levels. At present,…
Domestic Al Inventory Edges up Slightly
23/07/19 | Aluminium
Shanghai Nonferrous Metals News 22nd July: The total domestic aluminium inventory in China’s major store houses lifted slightly by 5 kt to 1.047 kt, including 200 kt in Shanghai, 318 kt in Wuxi, 269 kt in Nanhai, 65 kt in Hangzhou, 104 kt in Gongyi, 53 kt in Tianjin, 23…
Improved Margins for Al Smelters on Falling Aa Prices
Cnal News Yide Futures’ recent research on aluminium smelters in IM revealed that some new primary aluminium capacity is still available in IM, but is unlikely to come online in 2019 due to lack of operational quotas. According to Yide Futures, domestic aluminium supply will continue to grow – albeit…
