Domestic Al Production Cuts to Expand
17/04/20 | Aluminium
SMM News As of Wednesday 15th April, a total of 885 ktpy primary aluminium capacity (annualized) had been curtailed as a result of low prices, according to SMM. An increasing number of high-cost smelters will cut operations or run maintenance ahead of schedule if the domestic aluminium price remains low…
275 kt Guinean Bx Arrives at Shandong Yantai
17/04/20 | Bauxite
Cnal News The 300 kt-cargo vessel RIGEL loaded with 275.2 kt of Guinean bauxite arrived at Yantai Port Shandong on 14th April 2020. Unloading work is underway at present. RIGEL is the first 300 kt-cargo used for bauxite transport from Guinea to China. Since the COVID-19 outbreak began…
Shenmu Semi-coke Group: Production Cuts to Shore Prices
16/04/20 | Magnesium
Cnfeol News Shaanxi Shenmu Semi-coke Group announced that it will cut operations in a bid to shore-up prices amid a low market. Details are as follows: All members must partially cut or halt entire operations, with a maximum of 30% of total capacity allowed to stay open All members must…
Domestic W Market Stable at Low Level
16/04/20 | Tungsten
China Commodity Marketplace Domestic tungsten prices have stopped falling, with miners refusing to sell at low prices. At present, wolframite (65% grade) mainstream quotations are at RMB75,000~76,000/standard t; scheelite (65% grade) is at RMB74,000~76,000/standard t and tungsten concentrates (50~55% grade) at RMB 71,000~74,000/standard t, all holding stable from late week.…
China Produces 40.1 mln t of Al Products in 2019
16/04/20 | Aluminium
Cnal News Antaike: In 2019, China produced 40.1 mln t of aluminum materials, including 20.08 mln t of aluminum extrusion, 11.36 mln t of aluminum plate and strip, 4 mln t of aluminum foil, 4.3 mln t of aluminum wire, 160 kt of aluminum powder, 200 kt of aluminum…
Domestic Aa Prices Continue to Fall
16/04/20 | Alumina
Asian Metal News Mainstream domestic alumina prices currently stand at RMB2,070~2,120/t, down by RMB50/t from Friday 10th April. Most domestic alumina refiners have been reluctant to sell amid rapidly falling alumina prices over the past two weeks. However, domestic smelters remain watchful, resulting in a stagnating market. Market commentators forecast…
50% Cut for Zhongwang
15/04/20 | Aluminium
Asian Metal News Yingkou Zhongwang Aluminium in Liaoning, designed with 890 ktpy aluminium capacity is set to cut its operations by 50%. The company has been running at 460 ktpy capacity over the past three months. It suspended 168 x 500 kA cells this Wednesday, comprising 230 kt of primary…
Lianyungang Port Resumes Aa Import Handling
15/04/20 | Alumina
Asian Metal News Lianyungang Port resumed loading and unloading of imported alumina at the beginning of this week. Lianyungang Port suspended alumina handling last December due to environmental restrictions. With restrictions eased, two imported alumina shipments totaling 60 kt are scheduled to arrive in late April. Lianyungang Port has two…
Guizhou Qiya to Suspend Use of Imported Bx
15/04/20 | Bauxite
Asian Metal News Guizhou Qiya, designed with 1.15 mtpy alumina capacity has stopped using imported bauxite amid a weak market. According to an internal source, current spot alumina prices sitting under RMB2,100/t, sees the company in loss. The company’s two HT lines reliant on domestic bauxite are operational, but the…
