Hongqiao Reduces 2019 Al Output Target
27/08/19 | Aluminium
Fubao News Hong Kong-listed China Hongqiao Group (Weiqiao’s listed arm in HK) announced on Friday that it will cut its 2019 aluminium output target by 200~300 kt or 5% on-year due to a typhoon and floods at its Shandong smelters. In addition, the company announced that net profits increased significantly…
China’s Aa Imports to Drop Further in 2019
27/08/19 | Alumina
China Nonferrous Metals News Speaking at a recent industry meeting, Huatai Futures analyst, Li Suheng said that the characteristics of China’s alumina industry are: 1. Domestic alumina capacity has been expanding rapidly in recent years, represented by China’s alumina output accounting for 10% of the global total in 2003 and…
SMM: Domestic Aa Prices to Remain Low in 2019
27/08/19 | Alumina
Sina Finance News In the wake of domestic alumina prices falling under RMB 2,500/t, profit margins for domestic aluminum smelters have increased. With a large amount of new alumina capacity available, domestic alumina prices are unlikely to rise rapidly and are expected to remain at low levels during 2019.…
Ni Market Review
23/08/19 | Nickel
Shanghai Nonferrous Metals News 22 August: Jinchuan Group reduced the ex-works price for electrolytic nickel plate and barreled electrolytic nickel blocks by RMB 300/t to RMB 123,800/t and RMB 125,000/t respectively. 20 August: A steel mill in southern China offered to buy high NPI at RMB 1,130/Ni unit (delivered, with…
Chalco Liancheng Increases Carbon Anode Production
23/08/19 | Aluminium
Asian Metal News Chalco Liancheng is designed with 370 ktpy carbon anode capacity, comprising one 150 ktpy and one 220 ktpy production line. The company produced 15 kt of carbon anode in August, up from July’s figure of 10 kt, and plans to increase carbon anode output over the…
Mengtai Increases Al Production
23/08/19 | Aluminium
Asian Metal News IM Mengtai aluminium smelter was designed with primary aluminium capacity of 400 ktpy. However, due to a limitation of production quotas, the smelter has been operating at only 180 ktpy over the past year. The company has since acquired sufficient quotas and began operating the remaining 220…
Guangxi Huasheng’s 2 mtpy Aa Project
23/08/19 | Alumina
Cnal News 21st August: Major construction of Guangxi Huasheng’s 2 mtpy alumina project is progressing, with major roads, raw material replenishment and production schedules being implemented in accordance with contracts. Read More
Domestic Al Prices Edge Higher
22/08/19 | Aluminium
Fubao News The recent typhoon and news of the Xinfa Xinjiang smelter shutdown have curbed domestic aluminium supply in the short-term, consequently buoying prices. Typhoon Lekima has caused floods in Zouping, Shandong, forcing Weiqiao to suspend 1.05 mtpy of primary aluminum capacity. In addition, Xinjiang Xinfa smelter has shutdown…
Shaanxi Meixin Al at Full Operation
22/08/19 | Aluminium
Asian Metal News 20th August: Shaanxi Meixin powered up the last batch of its 224 sets of 500kA electrolytic cells, reaching full capacity operation of 300 ktpy. The company was designed with 450 ktpy primary aluminium and has an aluminium production quota of 300 ktpy. Daily output reaches 800 t…