CRU

Shanghai Aluminium Futures Break CNY14,000/Tonne Barrier For First Time Since Halloween

Shanghai Aluminium Futures Break CNY14,000/Tonne Barrier For First Time Since Halloween

Spurred on by a drop in inventories and an expected surge in demand, aluminium futures rose at the Shanghai Futures Exchange to their highest level since the end of October on Monday. With data showing that aluminium inventories in Shanghai’s warehouses fell...

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Events

Sources Say Chinese Aluminium Firms Meeting To Discuss Domestic Price And Demand Woes

Sources Say Chinese Aluminium Firms Meeting To Discuss Domestic Price And Demand Woes

A trio of sources claiming knowledge told Reuters yesterday that representatives from China Hongqiao Group, Aluminum Corp of China Ltd (Chalco), and other Chinese major aluminium producers will hold a meeting today to hash out the implications of falling prices and weak demand for the country’s aluminium sector. Per the unnamed sources, the China Nonferrous […]

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Hongqiao Ordered To Cut 550 Thousand Metric Tons Of Capacity Through Mid-March

Hongqiao Ordered To Cut 550 Thousand Metric Tons Of Capacity Through Mid-March

The most prolific aluminium producer on Earth will be compelled to cut over half a million metric tons per annum of production capacity over the winter months as part of the state’s effort at fighting smog production. According to documents obtained by Reuters, the Shandong province’s city of Binzhou has ordered the closure of five […]

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China’s Alumina Exports In October Shatter Previous Records

China’s Alumina Exports In October Shatter Previous Records

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 […]

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China’s Alumina Exports Rise By Over 3,400 Percent In September

China’s Alumina Exports Rise By Over 3,400 Percent In September

Alumina exports from the People’s Republic of China hurtled to a yearly high in September, surpassing August’s imports by a factor of five. Per numbers released yesterday by China’s General Administration of Customs, alumina exports last month totaled 165,839 metric tons, besting August’s export total of 29,722 metric tons and representing a year-on-year increase of […]

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Alumina Shortages Prompt Ever-Greater Shipments From Chinese Refineries

Alumina Shortages Prompt Ever-Greater Shipments From Chinese Refineries

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 […]

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