Tag: china aluminum

UK moves to slap anti dumping duties on aluminium bar imports from China

The UK Trade Remedies Authority announced on Friday, May 20, that new measures should be put in place to “protect the UK’s aluminum extrusion industry” from dumped Chinese products.” The surprise move comes after an 11-month investigation into inconsistencies with aluminum bar imports. The TRA made the recommendation to the organization’s current Secretary of State […]

Aluminum MMI: Global Aluminum Prices Drop Alongside Other Base Metals

From a technical perspective, global aluminum prices began to change structure in short time frames, which could suggest further price drops. Currently, prices are beginning to approach previously-established lows. However, a bullish trend reversal can’t occur until aluminum establishes a clear price floor. Source: MetalMiner Insights The Aluminum Monthly Metals Index (MMI) dropped by 8.84% […]

The Aluminum Price Forecast: China is Coming

Don’t worry – this isn’t another “reds-under-the-bed” story. Rather, it’s a look into how Chinese aluminum semis are quickly becoming the market’s main price setting (at least in Europe). With Russia more or less out of the picture and domestic mills booked up for months, China is the only swing producer with capacity to spare. […]

Let’s Not Forget China

Russia’s invasion of Ukraine has sent shock waves throughout global metals markets. However, it’s important to remember that the most consistent longer-term driver of metal prices is Chinese demand. That’s why it’s surprising to see how little attention has been paid to the world’s largest consumer and producer of metals in recent months. It’s understandable […]

Metal inventory levels dwindle and that could hit metal prices

While inventory levels serve as an interesting measure for fundamental analysis, that measure remains irrelevant for the short term. But when inventory levels change dramatically and over a longer time frame, they can have both an impact on price and also reflect more profound changes within the market. Ultimately, if not immediately, those factors could […]

Aluminum MMI: Tight market could get tighter 

The Aluminum Monthly Metals Index (MMI) rose for the second consecutive month by 8 points to 138.   Aluminum prices rebounded after a recent correction in December. Prices have begun to trade sideways. Market sentiment will soon tell whether prices rally past recent highs or see a minor correction. Ukraine-Russia tensions put market in limbo Market […]

Aluminum MMI: Prices almost reach decade high

The Aluminum Monthly Metals Index (MMI) increased by 7.0%. Prices remain historically high, with Chinese prices increasing the most this month. Throughout July, LME aluminum traded mostly sideways until the last few days of the month when the price spiked. LME prices reached $2,619/mt on Aug. 1. Prices are close to the decade high of […]

China suggests it could release state reserves of base metals

It would seem Beijing only has to speak and the market reacts — this time, it’s about base metals. Worried by what it sees as excessive inflation in commodity prices, which it fears will lead through into factory gate increases, China warned speculators last month over “excessive speculation.” The warning from China’s National Food and […]

China’s aluminum industry under pressure to reduce emissions

China — and, indeed, Asia as a whole — has a serious issue evolving that few would have seen coming five years ago. Back then, the carbon content of aluminium was a well-known fact. However, its light weight and high recyclability seemed to outweigh the CO2 emissions inherent in its production. Not so now. Grab […]

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