QME: First Aa Non-standard Warehouse Transaction
31/07/19 | Alumina
Alu News Shenzhen Qianhai Mercantile Exchange (QME) recently completed its first batch of non-standard warehouse alumina transactions, marked by confirmation from the buyer. Differing from online transfer settlement of standard warehouse transactions, non-standard transactions are negotiated between buyer and seller according to their actual needs, with settlement closed offline at…
Tianyuan Chemical to Start Bx Production Next Month
30/07/19 | Bauxite
Asian Metal News 30th July: Xiaoyi Tianyuan Chemical, with alumina capacity of 400 ktpy, intends to start bauxite production in August this year. A source from the company says they have a bauxite mine located about 65 kilometers from their alumina refiner, covering an area of 0.68 square kilometers. The…
Huaxing Aluminium: Resumption of Aa Production Line
30/07/19 | Alumina
Asian Metal News 30th July: Chalco Huaxing Aluminium, with total alumina capacity of 2 mtpy, has resumed one alumina production line with 500 ktpy capacity. Huaxing Aluminium has three alumina production lines, one with 1 mtpy capacity, and two 500 ktpy lines that have been shut down for the past…
Huiyuan Aluminium To Suspend Aa Production
30/07/19 | Alumina
Asian Metal News 30th July: Huiyuan Aluminium, with alumina capacity of 800 ktpy, intends to suspend alumina production. A company spokesman says that the suspension will start mid-August and there is no plan to resume production within three months. The company’s alumina prices declined by RMB 400/t in July,…
Sliding Aa Prices and Firm Al Prices in the Domestic Market
Alu News Domestic alumina prices have fallen rapidly, by nearly 20%, since mid-June to date, causing significant losses for the majority of domestic alumina refineries. By contrast, domestic aluminium prices have been stable and improved profit margins have stimulated domestic smelters to increase their operational capacities. Destocking of primary aluminium…
Surplus Aa and Al Supply Deficit in China
Cnal News With domestic alumina supply rising by 4~5mtpy and domestic consumption holding stable in the year to date, the domestic alumina market is in slight surplus of 470 kt in 2019 as compared to a shortfall of 2.43 mln t in 2018. With stable supply and rising consumption, the…
China’s Al Stocks Decrease
26/07/19 | Aluminium
Shanghai Nonferrous Metals News 25th July: China’s primary aluminum stocks reached 1.03 mln t, a decline of 7 kt from the previous week. This is a decrease of 267 kt since the beginning of the year, 760 kt less than the same period of last year. Read More
Guinea Kimbo & Co. Port Construction Complete
26/07/19 | Bauxite
Asian Metal News In early July, construction of the Kimbo & Co. Port project in Guinea was completed. It’s a joint venture project between Guinea Kimbo Bauxite, China Yantai Port and Singapore Top International Holding and began construction at the end of March 2019. A source from Yantai Port said…
Chalco Shanxi: HT/LT Conversion on Three Aa Production Lines
26/07/19 | Alumina
Asian Metal News 26th July: Chalco Shanxi, with alumina capacity of 2.4 mtpy, completed HT to LT conversion on three alumina production lines in mid-July. According to a company source, Chalco Shanxi, owns two alumina refineries, has two HT production lines with 600 ktpy capacity each in the old refinery…