CRU

Aluminium Price Arbitrage Makes China Net Importer Of Aluminium For First Time In Over A Decade

Aluminium Price Arbitrage Makes China Net Importer Of Aluminium For First Time In Over A Decade

The aluminium tides turned for the People’s Republic of China in July, as the nation became a net importer of aluminium for the first time in almost 11 years. According to customs data released earlier in the week, the Middle Kingdom witnessed...

Events

CRU Alumina Price Index Passes Benchmark Assurance Review

London commodities consultant CRU Group announced last week that the CRU Alumina Price Index (CRU-API) successfully completed an external assurance review in preparation for today’s launch of LME’s new cash-settled alumina futures contract. The review, which was undertaken by PricewaterhouseCoopers LLP (PwC), was part of a report prepared by the Group to demonstrate the index’s […]

New LME Alumina Contract To Utilize CRU Alumina Price Index

London commodities consultant CRU Group said yesterday that the London Metal Exchange will soon be using the firm’s CRU Alumina Price Index (CRU-API) in the settlement of the LME’s new cash-settled Alumina futures contract. The new futures contract is set to commence trading on March 11 and will use the CRU-API to settle physical contracts […]

China Ships Record 5.8 Million Metric Tons Of Aluminium In 2018

Aluminium exports from the People’s Republic of China set a new record last year, besting 2017’s total by 20.9 percent thanks in part to demand for Chinese aluminium bolstered by oppressive sanctions levied on Russia’s U.C. Rusal by the United States government. According to data released yesterday by China’s General Administration of Customs, Chinese smelters […]

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 […]