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Home / Metal News / Price weakness, production curbs prompt Chalco to shut aluminium capacity

Price weakness, production curbs prompt Chalco to shut aluminium capacity

Dec 3, 2018 12:53

Source:SMM

China's biggest state-owned aluminum producer plans to cut 470,000 mt of capacity including 30,000 mt at Shanxi Huasheng

SHANGHAI, Dec 3 (SMM) – The Aluminum Corp of China Ltd. (Chalco) said on Friday November 30 that it will cut output on some of its primary aluminium production lines in north China in face of declining prices of aluminium.

China’s biggest state-run aluminum producer plans to cut 470,000 mt of capacity including 30,000 mt at Shanxi Huasheng. The figure also includes 50,000 mt at Shandong Huayu that was shut on November 15 and 390,000 mt at Gansu Liancheng.

The timeline and duration of the cuts remain unclear.

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Social inventories of primary aluminium ingots across eight consumption areas in China, including SHFE warrants, increased 61,000 mt from last Thursday to 775,000 mt as of February 10.

Feb 10, 2021 14:36

Analysis

Primary aluminium inventories built up 61,000 mt on week

Primary aluminium inventories expanded 32,000 mt on week to 714,000 mt

Social inventories of primary aluminium across eight consumption areas in China, including SHFE warrants, rose 32,000 mt from the prior week to 714,000 mt as of February 4, the highest since October 15 2020, and stocks in Gongyi and Hangzhou mainly contributed to the increase.

Feb 4, 2021 15:46

Analysis

Primary aluminium inventories expanded 32,000 mt on week to 714,000 mt

SMM Evening Comments (Jan 22): Nonferrous metals on the SHFE fell for the most part, zinc plunged 2.51%

SHFE nonferrous metals declined broadly on Friday January 22. Copper fell 0.61%, zinc slumped 2.51%, lead shed 0.66% and nickel weakened 1.13%, while aluminium edged up 0.1% and tin rose 1.83%.

Jan 22, 2021 19:11

SMM Comments

SMM Evening Comments (Jan 22): Nonferrous metals on the SHFE fell for the most part, zinc plunged 2.51%

SMM Morning Comments (Jan 22): Shanghai base metals performance mixed as traders monitored the beginning of Joe Biden’s presidency

Shanghai base metals traded mixed on Friday morning as traders monitored the European Central Bank's latest meeting and the beginning of Joe Biden's presidency. Meanwhile, their counterparts on the LME also set for a mixed start.

Jan 22, 2021 10:00

SMM Comments

SMM Morning Comments (Jan 22): Shanghai base metals performance mixed as traders monitored the beginning of Joe Biden’s presidency

Primary aluminium inventories shrank 15,000 mt on week to 669,000 mt

Social inventories of primary aluminium across eight consumption areas in China, including SHFE warrants, declined 15,000 mt from the prior week to 669,000 mt as of January 21. COVID-induced transport restrictions reduced arrivals of cargoes in Wuxi and Nanhai.

Jan 21, 2021 15:41

Analysis

Primary aluminium inventories shrank 15,000 mt on week to 669,000 mt

Primary aluminium inventories built up 20,000 mt on week

Primary aluminium ingot inventories in China rose this week, showed SMM data.

Jan 14, 2021 16:06

Analysis

Primary aluminium inventories built up 20,000 mt on week

SMM Evening Comments (Dec 25): Shanghai nonferrous metals rose across the board for the 2nd day

SHFE nonferrous metals closed higher across the board on Friday December 25.

Dec 25, 2020 18:00

SMM Comments

SMM Evening Comments (Dec 25): Shanghai nonferrous metals rose across the board for the 2nd day

Primary aluminium inventories shrank 3,000 mt on week to 586,000 mt

Social inventories of primary aluminium across eight consumption areas in China, including SHFE warrants, declined 3,000 mt from the prior week to 586,000 mt as of December 24, and Gongyi and Nanhai mainly contributed to the decline.

Dec 24, 2020 17:40

Analysis

Primary aluminium inventories shrank 3,000 mt on week to 586,000 mt

SMM Morning Comments (Dec 21): Base metals on both SHFE and LME fell mostly on dollar bounce-back

Shanghai base metals and their counterparts on the LME cruised lower for the most part on Monday morning as the US dollar rebounded slightly.

Dec 21, 2020 10:05

SMM Comments

SMM Morning Comments (Dec 21): Base metals on both SHFE and LME fell mostly on dollar bounce-back

Primary aluminium inventories shrank 7,000 mt on week

Primary aluminium ingot inventories in China continued to decline this week, showed SMM data.

Dec 17, 2020 16:57

Analysis

Primary aluminium inventories shrank 7,000 mt on week

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Price weakness, production curbs prompt Chalco to shut aluminium capacity

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2024 SMM Middle East Secondary Metal Field Trip

NET ZERO MEA - Solar & Energy Storage

2025 SMM (20th) Lead & Zinc Conference and Industry Expo