Domestic Bx Prices Stable, Aa Prices Rise
Shanghai Nonferrous Metals News Several Shanxi Xiaoyi alumina refineries set their procurement prices for local bauxite (A/S=5.0 grade) at RMB370~380/t (without taxes) in June, the same level as May. Despite increasing inquiries from primary aluminum smelters since last Friday, no large-scale alumina transactions have taken place. At present, alumina is…
Domestic Mg Prices Slide Slightly
25/05/20 | Magnesium
Shanghai Nonferrous Metals News 22nd May: Mainstream magnesium transaction prices (99.9% magnesium ingot) were RMB13,050/t by cash with taxes in Fugu Shaanxi. In Wenxi Shanxi prices were RMB13,350/t, a fall of RMB50/t from last week. According to SMM, several magnesium smelters were prepared to halt operations last week and those…
SPIC Guizhou: First Batch of Output Expected in June
25/05/20 | Alumina
Asian Metal News SPIC Guizhou brought its 1 mtpy alumina project online in late April 2020 and expects the first batch of alumina output by end-June. According to an inside source, the operation is currently running smoothly and a first batch of alumina is expected in late June. Total alumina…
SMM: Domestic Primary Al Inventory Edges down
22/05/20 | Aluminium
Shanghai Nonferrous Metals News 21st May 2020: Total domestic aluminium inventory at China’s major store houses dropped by 79 kt from last Thursday to 979 kt, including 131 kt in Shanghai, 402 kt in Wuxi, 112 kt in Hangzhou, 56 kt in Gongyi, 201 kt in Nanhai, 58 kt in…
Hubei Danjiangkou Al to Sell 30 kt Al Production Quota
22/05/20 | Aluminium
Asian Metal News Hubei Hanjiang Danjiangkou Aluminium smelter, designed with 120 ktpy capacity, is currently running at 50 ktpy capacity. As a result of obsolete production lines and a shortfall in electricity supply, the company has been unable to run at full capacity and now is looking to sell a…
Improved Profit Margins for Domestic Smelters
22/05/20 | Aluminium
Alu News Aladdiny analysts estimate domestic primary aluminium production costs at RMB13,100/t, with reference to current spot aluminium prices at RMB13,500/t. Data shows 87% of domestic aluminum capacity in operation is capable of taking some profits, 99% are cash cost positive. In the meantime, with the opening of the import…
Shanxi Huaxing: Aa Output to Rise to 110 kt in May
22/05/20 | Alumina
Asian Metal News Shanxi Huaxing Aluminium (designed with 2 mtpy alumina capacity), expects to produce 110 kt in May up by 22% from 90 kt in April 2020. Huaxing has two alumina production lines of 500 ktpy each and a 1 mtpy line. The company has been operating 1 mtpy…
Domestic Mg Prices Stable at Low Level
21/05/20 | Magnesium
China Nonferrous Metals News 15th May: Mainstream magnesium prices (99.9% magnesium ingot) are currently being quoted at RMB13,200/t with transaction prices at RMB13,100/t by cash with taxes. In Fugu Shaanxi prices were RMB13,300~134,000/t and in Wenxi Shanxi RMB13,400~13,500/t, a fall of RMB150~200/t from last week. Given ample domestic supply and…
Sichuan Guangyuan Qimingxing Increases Al Product
21/05/20 | Aluminium
Asian Metal News Sichuan Guangyuan Qimingxing Aluminium, designed with 120 ktpy primary aluminium capacity is set to increase its operational capacity by 40 kt and expects to achieve full capacity operation in late June. The company owns 220 sets of 200kA cells, with 80 ktpy capacity in operation at present.…
