Data: China's aluminium import, export in Jan 2018

SMM is informed that the COVID-19 pandemic prevention and control team in Baise issued the Notice on Orderly Removing Community Control on February 14th, 2022.

Most aluminium plants, especially those using in-house generated power, suffered losses from late October to November due to the surging electricity costs and high prices of raw and auxiliary materials. The shortage of thermal coal caused the costs of thermal power to soar, and the aluminium prices stood low in November, which further aggravated the losses.

The daily fluctuations of spot aluminium prices were less than 200 yuan/mt last week, while aluminium scrap prices climbed 200 yuan/mt due to falling supply. Aluminium recycling from waste end products declined in H2 due to poor consumption.

Shanghai nonferrous metals closed mixed today as the China PPI and CPI readings for November were encouraging, indicating stable market moves in China.

Most of the base metals prices in Shanghai ended with declines overnight, except for tin.

Shanghai nonferrous metals mostly closed in the negative territory, as the market feared the new COVID variant detected in South Africa with higher infection rate, according to some health authorities.

Recently, the market has begun to discuss the impact of aluminium scrap on primary aluminium consumption next year. However, the impact of aluminium scrap on primary aluminium will not be as significant as imagined. It also has many limitations.

This is a roundup of the news in China’s aluminium scrap industry chain from August to September.

Domestic alumina prices have repeatedly hit this year’s new highs recently amid brisk trades, with no signs of retreat in the foreseeable future. As of September 9, the SMM weighted average alumina price index stood at 3,189 yuan/mt. The average prices in north and south China were 3,225 yuan/mt and 3,000 yuan/mt respectively.

This is a roundup of China's metals weekly inventory as of September 10.