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

The British government said that the measures taken by the US to cancel import tariffs on British steel and aluminium will take effect on June 1.

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.

Shanghai base metals mostly trended lower on Tuesday morning after US dollar rallied significantly. Meanwhile, their counterparts on LME performed similarly.

Shanghai nonferrous metals mostly closed in the positive territory as the market was cheered up by the macro front, as China released its December official manufacturing and non-manufacturing PMI readings, which topped market expectation.

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 base metals basically trended lower amid a cautious market which expected the Fed to wrap up the bond purchasing program early than estimate. Meanwhile, their counterparts on LME mostly closed in the positive zone.

Shanghai base metals basically trended higher on Friday morning. Meanwhile, their counterparts on LME trended mixed.

China’s copper cathode output stood at 825,900 mt in November, up 4.6% month on month and 0.5% year on year

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.