SMM: Domestic Primary Al Inventory Edges down
08/04/20 | Aluminium
Shanghai Nonferrous Metals News 7th April 2020: Total domestic aluminium inventory at China’s major store houses dropped by 41 kt from last Thursday to 1.635 mln t, including 171 kt in Shanghai, 660 kt in Wuxi, 144 kt in Hangzhou, 174 kt in Gongyi, 403 kt in Nanhai, 57 kt…
Baise Guangxi: Key Test Zone for Development
08/04/20 | Aluminium
Shanghai Nonferrous Metals News 7th April: The State Government has approved the establishment of Guangxi Baise development key test zone, a move which aims to develop Baise as a high-performance platform under the BRI initiative (Belt and Road Initiative) for China and ASEAN countries. Baise will work as a regional…
SMM: 61.5% Domestic Al Smelters in Loss
07/04/20 | Aluminium
Shanghai Nonferrous Metals News SMM: The weighted average cash cost for domestic smelters was RMB11,709/t in March, indicating that 61.5% of domestic smelters are facing cash losses with reference to last Friday’s aluminium price of RMB11,590/t. A few domestic smelters began cutting operations in mid-March when prices started to fall.…
Qinghai Materials Overhauls 13 ktpy Al Capacity
03/04/20 | Aluminium
Asian Metal News Qinghai Materials or Qinghai Supply and Investment Group Al Branch, a 100 ktpy aluminium smelter in Qinghai is prepared to run maintenance on 13 ktpy aluminium capacity, involving 20 sets of 240 kA cells. According to an inside source, these cells have been in operation for eight…
Domestic Al Smelters to Cut Production Further
02/04/20 | Aluminium
China Nonferrous Metals News Aladdiny: As of 30th March, domestic primary aluminium production cuts amounted to 400.3 kt (including uncompleted cuts). Of this figure, Chalco Shanxi New Materials made cuts of 70 kt and Dongxing Aluminium smelter cut production by 132 kt. Several large smelters in IM, Shandong and Yunnan…
Domestic Primary Al Inventory Drops by 3kt
31/03/20 | Aluminium
Shanghai Nonferrous Metals News 30th March, SMM: Domestic aluminium inventory at China’s major storehouses fell slightly by 3 kt from last Thursday to 1.66 mln t, including 164 kt in Shanghai, 654 kt in Wuxi, 438 kt in Nanhai, 140 kt in Hangzhou, 185 kt in Gongyi, 57 kt in…
Sichuan Qimingxing Cuts Operations
30/03/20 | Aluminium
Asian Metal News Sichuan Qimingxing Aluminium, designed with 125 ktpy primary aluminium capacity comprising 168 sets of 300 kA electrolytic cells, began production cuts last Friday. The company is set to halt 15 cells during April and will suspend 30 cells further if market performance remains bleak during the month.…
Domestic Al Capacity Cut to Expand
30/03/20 | Aluminium
Alu News Most domestic primary aluminium smelters are taking measures to mitigate loss, including building up aluminium inventories or mortgaging aluminium produced in the wake of deeper losses and increasing liquidity pressures. Aluminium smelters in developing areas – where aluminium smelting is crucial to local economic development – are in…
Chalco: 2019 Al Output 3.79 mln t, Aa 13.8 mln t
30/03/20 | Aluminium
Cnal News Chalco’s 2019 annual report shows company revenue in 2019 close to RMB187.1 bln, with operating revenue up by 5.76% y-o-y. The gross profit rate was down by 1.04 percentage points y-o-y. Chalco produced 3.79 mln t of primary aluminium and 13.8 mln t of alumina in 2019. Source…
