UBS Says Banking Pressure should be mostly Felt in US, will Benefit Euro and Yen

The spot prices in Shanghai were stable last week.

SHANGHAI, Mar 27 (SMM) – Price review: The SMM weighted alumina index stood at 2,936 yuan/mt as of last Friday, flat from a week ago.

In China's domestic spot market, sellers will be keen to liquidate stocks at the end of the month and the quarter, weighing on spot quotes.

On February 7, Keheng Co., Ltd. announced that it agreed Zhuhai Gree Financial Investment Management Co., Ltd. to acquire all the shares issued by Keheng Co., Ltd. to specific targets at an average price of no more than 9.27 yuan per share and a total investment of no more than 600 million yuan.

SHANGHAI, Feb 8 (SMM) – SMM ADC 12 secondary aluminium alloy was offered between 19,650-19,850 yuan/mt today January 8, with the average price at 19,750 yuan/mt, flat from yesterday.

With the advancement of the dual carbon target, the development of the energy storage industry will also greatly stimulate the demand for lithium-ion batteries.

China Securities expects that only 5,000 mt of output will be released per year in China from 2023 to 2025.

On February 7, Qingdao Zhongzi Zhongcheng Group stated that nickel ore from its BMU mine might face policy obstacles regarding massive sales to China, in view of the Indonesian government’s export restriction policy on lateritic nickel ore.

On December 27, NIO announced that due to the outbreak of the pandemic in major Chinese cities, the company faced challenges in production and delivery.

According to SMM analysis, if the United States bans the import of Rusal, the year-on-year growth in China aluminium exports happened in 2018 will re-stage, but the growth will be affected by the differences in the past and future with regard to the macro-environments.