Chongqing Energy Banner Aluminium shifts to ingot production _SMM

Compliance Centre Products About Us Contact Us

English

English 中文

News

Non-ferrous

Base metals

Minor metals

Precious metals

Scrap metals

Rare earth

Steel

Coke Iron Ore Pig Iron Finished Steel Stainless Steel

New Energy

Cobalt Lithium Ternary Precursor and Material Chemical compound

Price News Publication Database Events Consulting

Publication Database Events Consulting SMM APP Compliance Centre About Us SMM Credit Service Contact Us What We Do?

Home / Metal News / Aluminium / Chongqing Energy Banner Aluminium shifts to ingot production

Chongqing Energy Banner Aluminium shifts to ingot production

Dec 17,2019 15:58

CST

company news

Source:SMM

This is because expected downstream production cut during Chinese New Year holiday will depress demand for molten aluminium

SHANGHAI, Dec 17 (SMM) – Chongqing Energy Banner Aluminium, a unit of Chongqing Energy Investment Group, plans to produce 15,000 mt of aluminium ingot in two months as expected downstream production cut or suspension during the Chinese New Year holiday will depress demand for molten aluminium.

The company commenced operation of its ingot casting lines on December 10, with production scheduled to last 60 days, sources told SMM.

Its capacity currently in operation stands at 330,000 mt/year.

Market commentary

Aluminium

For queries, please contact Frank LIU at liuxiaolei@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

SHFE nonferrous metals rose across the board on Friday, as market sentiment was rallied after China’s Ministry of Finance pledged to make an early allocation of the special-purpose bond quotas for transportation infrastructure construction.

Apr 3, 2020 19:05 timezone

CST

price review & forecast

SMM Evening Comments (Apr 3): Shanghai base metals higher across the board on stimulus hope

Prebaked anode prices poised for further decline after April

Prices of prebaked anode in China, an essential material used in aluminium smelting, will face further downside risks after April as a negative impact on demand from the COVID-19 outbreak continues to weigh on prebaked anode profits.

Apr 3, 2020 14:38 timezone

CST

price review & forecast

Prebaked anode prices poised for further decline after April

SMM Evening Comments (Apr 2): Shanghai base metals mixed on Thursday, copper advanced on oil price rally

Crude oil prices jumped on Thursday, following their biggest-ever quarterly losses, as US President Donald Trump said he expected Saudi Arabia and Russia to reach a deal soon to end their oil price war.

Apr 2, 2020 19:16 timezone

CST

price review & forecast

SMM Evening Comments (Apr 2): Shanghai base metals mixed on Thursday, copper advanced on oil price rally

Vietnam lockdown to add pressure on China’s aluminium exports

The impact from the coronavirus pandemic on China’s aluminium exports is mounting as greater part of the world comes under lockdown to stop the spread of the virus. On Wednesday, Vietnam, a major buyer of Chinese aluminium, entered into a 15-day period of nationwide isolation. Residents are required to stay at home and can only go outside for “essential needs,” such as food, medicines, urgent medical services or to go to work at companies permitted by the government to remain open.

Apr 1, 2020 14:43 timezone

CST

smm insight

Vietnam lockdown to add pressure on China’s aluminium exports

SMM Morning Comments (Apr 1): Shanghai base metals opened mostly higher after Beijing pledged more stimulus

Shanghai base metals opened mostly higher on Wednesday morning, as Beijing said that it will roll out a set of fiscal and financial policies to expand domestic demand, assist businesses reopening, sustain employment, and help all types of businesses to weather this difficult time.

Apr 1, 2020 09:52 timezone

CST

price review & forecast

SMM Morning Comments (Apr 1): Shanghai base metals opened mostly higher after Beijing pledged more stimulus

Suspension of nickel mining in Philippines to impact China nickel ore imports in April

China’s nickel ore imports from the Philippines, one of the major sources of ore supply, could be badly hit in April as the Philippines has suspended all mining operations in its nickel mining hub...

Mar 31, 2020 17:35 timezone

CST

smm insight

Suspension of nickel mining in Philippines to impact China nickel ore imports in April

Rare earth oxides prices fell on virus-led demand concerns

Prices of light and medium-to-heavy rare earth products mostly declined last week as the widespread COVID-19 overseas weakened investors’ prospects for demand and kept domestic consumers from...

Mar 31, 2020 13:41 timezone

CST

price review & forecast

Rare earth oxides prices fell on virus-led demand concerns

Cobalt, lithium prices weakened as COVID-19 outbreak overseas hurt consumer battery export from China

China’s exports of consumer batteries showed signs of softening amid reduced overseas demand and COVID-19 lockdowns as the outbreak escalated in the European countries, the US, India and South Africa

Mar 31, 2020 11:23 timezone

CST

price review & forecast

Cobalt, lithium prices weakened as COVID-19 outbreak overseas hurt consumer battery export from China

Eighteen Chinese provinces target to build over 413,000 5G base stations in 2020

Eighteen provinces in China including Shandong and Anhui have rolled out plans to construct a total of more than 413,000 5G base stations this year, as China speeds up the investment in new infrastructure to bolster consumption amid the impact of coronavirus outbreak.

Mar 30, 2020 13:45 timezone

CST

industry news

Eighteen Chinese provinces target to build over 413,000 5G base stations in 2020

China's nickel supply to feel little impact from halt of Sumitomo's mine in Madagascar

The temporary suspension of the Ambatovy project may barely impact the near-term supply of nickel briquette supply in China. Nonetheless, it will increase China’s dependence on nickel briquette from other sources of imports such as Australia and South Africa, given current low inventories of such materials in China.

Mar 30, 2020 11:40 timezone

CST

industry news

Related news