Price, Not Shortages, Will Determine Chalco’s Desire To Import Alumina
Despite shortages in the country’s northern reaches, the Aluminum Corp of China Ltd (Chalco) is not planning to increase imports...
Recent figures from the Shanghai Metals Market (SMM) show a slight rebound in China’s aluminium market. The country posted production figures of 5.65 million tonnes of alumina in April, which correspond to daily output of 179,800 tonnes, a 2.62% increase month-on-month. Total...
Despite shortages in the country’s northern reaches, the Aluminum Corp of China Ltd (Chalco) is not planning to increase imports...
Spurred on by a drop in inventories and an expected surge in demand, aluminium futures rose at the Shanghai Futures...
Though still up significantly over last year’s total, December saw a respectable drop off in exports of alumina from the...
Exports of alumina receded significantly in the year’s penultimate month, dropping by 37.9 percent to 285,696 metric tons in November. According to numbers released by China’s General Administration of Customs on Sunday, exports of aluminium’s precursor took a nosedive last month, down from record highs in October. The year’s tenth month witnessed 460,072 metric tons […]
Alumina issuing from refiners in the People’s Republic of China reached four-year highs in October thanks to a global market for the aluminium precursor that has been racked with upheaval and shortage for months. Per numbers issued by the General Administration of Customs on Friday, last month saw Chinese refiners ship 460,072 metric tons of […]
Owing to a demand from traders for a benchmark for alumina pricing, The Shanghai Futures Exchange (ShFE) is planning to release a draft of an alumina futures contract by early next year. “We believe that by the end of this year or by the beginning of next year we will release a draft for discussion […]
Thanks to significant and ongoing turmoil in the global aluminium market, refiners of alumina in the People’s Republic of China have again been coaxed into selling their wares at large volumes on the international market. According to numbers from CRU, a favorable price arbitrage prompted Chinese refiners to sign contracts to ship over 140 thousand […]
Only days after the announcement by one northeastern Chinese city’s announcement that it would not go forward with what was planned to be the biggest alumina refinery on Earth, four more cities in the province announced that their own plans for alumina operations met their end on the chopping block as well. On Monday, wire […]
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