China

Qinghai Provincial Misses Second Payment This Year On 2020 Dollar Bond

Qinghai Provincial Misses Second Payment This Year On 2020 Dollar Bond

China’s state-owned aluminium producer Qinghai Provincial Investment Group Co. failed to make a scheduled coupon payment on a dollar bond this week, and analysts say the missed payment may be a sign that the firm’s recent debt restructuring has not made its...

Events

Aluminium Price Rise in East China Stymies Spot Market Trades

A sudden rise in aluminium futures prices led to sellers’ reluctance to offload cargoes, slowing spot trades in East China on Monday. According to reporting by SMM, the Shanghai Futures Exchange saw the front-month September contract rise on Monday, gaining back ground lost on Friday evening. Spot trades fell in a range between CNY14,270 and […]

Beijing Releases Third Set Of Scrap Aluminium Import Quotas For Q3

Beijing announced the third set of import scrap quotas for the quarter earlier this week, setting a limit of 11,290 metric tons of aluminium scrap to be allowed into the country’s ports during the third quarter. Altogether, China Solid Waste and Chemicals Management will limit imports of scrap metal to a shade under 100 thousand […]

Hongqiao Says Operations Are Normal After Typhoon Lekima’s Devestation Of Shandong

World leading aluminium producer China Hongqiao Group said yesterday that its facilities are operating as normal in the wake of Typhoon Lekima, apparently contradicting statements made earlier in the week. “The facilities are not damaged by the typhoon. There was flooding outside the factories but no actual facilities damage,” said Honqgiao in an email sent […]

Typhoon Lekima Damages Hongqiao Facilities In Shandong

World-leading aluminium producer China Hongqiao Group Limited reported damage to its facilities in Shandong due to major flooding caused by Typhoon Lekima this weekend. According to official social media posts, the Hongqiao affiliate Weiqiao Pioneering’s aluminium plant suffered damage when a wall on the east side of the plant was “immediately overwhelmed” by flood waters […]