SPIC Shanxi: New Bx Rail Transport Route from Qinhuangdao Port
25/03/20 | Bauxite
Cnal News 24th March: 3,072 t of Indonesian bauxite loaded in 96 open-cart rail carriages departed Qinhuangdao Station Hebei for Yuanping Station in Shanxi to be used at the SPIC Shanxi refinery. The introduction of the imported bauxite transport route signifies that SPIC Shanxi has achieved integrated port to station…
Yunnan Al Renews Electricity Contract with Huineng
25/03/20 | Aluminium
SMM News Yunnan Aluminum Corporation announced that it will continue to rely on Yunnan Huineng Electricity Sales Co., Ltd., to manage and integrate its electricity resources during 2020. Huineng Electricity Sales is held under the Yunnan Metallurgical Group Co., Ltd., which is also the controlling shareholder in Yunnan Aluminium. The…
Domestic Al Inventory Continues to Increase
24/03/20 | Aluminium
SMM News 23rd March 2020: Total domestic aluminium inventory at China’s major store houses increased by 17 kt from last Thursday to 1.66 mln t, including 158 kt in Shanghai, 650 kt in Wuxi, 132 kt in Hangzhou, 202 kt in Gongyi, 432 kt in Nanhai, 57 kt in Tianjin,…
Nanshan BAI Project Indonesian Progressing
24/03/20 | Alumina
Sina Finance News The alumina evaporator for use of Nanshan’s PT. Bintan Alumina project (BAI) arrived at Bintan Island Indonesia according to schedule. At present unloading and transportation work has been completed and the project is progressing smoothly with an estimation of being online by end-2020. Nanshan’s BAI project was…
Domestic Aa: Production Cuts and Resumptions
24/03/20 | Alumina
China Nonferrous Metals News Aladdiny: Major alumina refineries in Shanxi and Guizhou are still under pressure from bauxite supply shortages; a result of low mining activities due to a lack of workers. Consequently, local refineries in Shanxi and Guizhou including Xinfa Chemicals, Xing’an Chemicals, Senze Coal and Al and Guizhou…
Increased Export Rebate on W Wire
23/03/20 | Tungsten
China Tax News 17th March, the Ministry of Finance and the State Administration of Taxation jointly announced an increase in the export tax rebate rate on selected products. Of these, the tax rebate on tungsten wires (HS code 81019600) will be increased from 10% to 13%, with effective from 20th…
Dongxing Al Starts Overhaul
23/03/20 | Aluminium
Asian Metal News Gansu Dongxing Aluminum has a total of 1.7 mtpy primary aluminium capacity at its Jiayuguan (1.35 mtpy) and Longxi smelters (350 ktpy). The company plans to run maintenance on seventy 500kA cells and twenty 240kA cells starting from late March, and involving 100 ktpy capacity. According to…
Weiqiao: 2019 Al Output Drops to 5.64 mln t
23/03/20 | Aluminium
Shanghai Nonferrous Metals News China Hongqiao, a listed company of the Weiqiao Group on HKEX announced on Friday, 21st March that its 2019 net profits grew by 12.7% y-o-y to RMB6.095 bln. This result was on falling production costs despite the company’s primary output falling by 11.3% y-o-y to 5.64…
Domestic W Market Remains Bleak
20/03/20 | Tungsten
China Commodity Marketplace Domestic tungsten market remained bleak this week with falling prices and sparse transactions driven by continued weak downstream demand. At present, wolframite (65% grade) mainstream quotations are at RMB86,000~88,000/standard t; scheelite (65% grade) is at RMB85,000~87,000/standard t and tungsten concentrates (50~55% grade) at RMB 83,000~85,000/standard t,…
