Shandong Hongqiao to Sell Zouping Power Plant for RMB3bln
20/03/20 | Aluminium
Sina Finance News Shandong Hongqiao (Weiqiao Group) announced on 18th March that Zouping Hongxu Thermal Power Co., Ltd., a wholly-owned power plant of Hongqiao is set to sell its assets to Shandong Guoxu New Energy Co. Ltd for RMB3 bln. With the development of its Yunnan aluminum production base, Hongqiao’s…
Threats of Al Production Cuts amid Falling Prices
19/03/20 | Aluminium
Shanghai Nonferrous Metals News SMM: Domestic primary aluminium prices have been in decline recently, falling under the average industry full cost of RMB13,200~13,400/t on 5th March 2020. The price touched down at RMB12,500/t today, approximately RMB200/t lower than the average industry cash cost of domestic smelters. Market fundamentals show rising…
Guangxi Investment Group: 200 ktpy Primary Al Project at Fangchenggang
19/03/20 | Aluminium
Asian Metal News Guangxi Investment Group is set to start construction of a 200 ktpy primary aluminium project in Fangchenggang, Guangxi during Q3 2020. Guangxi Investment has two primary aluminium smelters of 200 ktpy and 500 ktpy, located at Baise and Laibin respectively, and both are presently running at…
Combined January and February Primary Al Output 5.97 mln t
19/03/20 | Aluminium
Alu News CNIA: China produced 2.89 mln t of primary aluminium in February 2020, down 6.17% m-o-m but up 6.45% y-o-y. Combined output for January and February reached 5.97 mln t, up 4.36% y-o-y. As of 26th February, the operational rate of domestic primary aluminium capacity was 87.6%. In the…
Henan: 2020 Air Pollution Prevention and Control Action Plan
18/03/20 | Aluminium
Shanghai Nonferrous Metals News The “2020 Air Pollution Prevention and Control Action Plan” published by Henan provincial government stipulates that: By end-2020, in addition to the units that must be retained for heating and other purposes, all thermal power generators under 300 MW must be shut down. Thermal…
Domestic Al Inventory Continues to Rise
18/03/20 | Aluminium
Shanghai Nonferrous Metals News SMM: As of 16th March, domestic aluminium inventory reached 1.63 mln t. During the CNY holiday period (23rd January~2nd February 2020), domestic aluminium inventory climbed by 10 kt y-o-y to 194 kt. Domestic primary aluminium inventory has been building since then, growing by 747 kt…
Baise Mining Group Postpones Al Expansion Plan
18/03/20 | Aluminium
Asian Metal News Guangxi Baise Mining Group has five primary aluminium smelters designed with 1.3 mtpy capacity, of which 800 ktpy is presently operational. Baise Mining originally planned to expand its capacity by 300 ktpy by end-2020 by starting 100 ktpy in April, June and August. However, due…
3 mtpy of Al Capacity Replacement in 2019
17/03/20 | Aluminium
China Nonferrous Metals News CNIA: More than 3 mtpy of primary aluminium production quotas was replaced across provinces in China during 2019, of which, 2.46 mtpy were replaced in clean energy rich areas such as Yunnan. The risk of overcapacity in non-ferrous metal industries still exists, and the…
Domestic Primary Al Inventory up by 105 kt
13/03/20 | Aluminium
Cnal News 12th March: Total domestic aluminium inventory at China’s major store houses increased by 105 kt from last Thursday to 1.59 mln t, including 144 kt in Shanghai, 615 kt in Wuxi, 409 kt in Nanhai, 123 kt in Hangzhou, 219 kt in Gongyi, 57 kt in Tianjin,…
