China’s aluminum price at 14000-14500 yuan/t is a result of shutting illegal production, notwithstanding weak demand. Many research institutions also predict further rises; some even predict that aluminum prices will continue to rise and break through 17000 yuan/t. But I think that although policy side of cleaning up illegal production can be expected, yet the new capacity additions should […]

By: Monte Zhang | Read More

On July 17th, just before the future contract transferred from 1707 to 1708, the SHFE active aluminum price surged to RMB14500. Xinjiang Jiarun had shut down all its illegal 150kt aluminum capacity by the end of last week. Xinjiang East Hope has shut around 180 pots with around 250kt capacity. Today, we received the confirmation […]

By: Kathy Liu | Read More

On July 6th-7th, the Yangtze River Delta/Bohai Aluminum Industry Chain Development Forum was successfully held in Binzhou in Shandong province. Nearly 400 representatives from more than 10 provinces attended the forum, holding joint discussion of aluminum industrial development plans. This forum received vigorous guidance from CNIA, China Nonferrous Metal Processing Industry Association and People’s Government of Binzhou […]

By: Monte Zhang | Read More

Last week the price of aluminum maintained a high trend.  After news of Xinjiang Jiarun start cutting production and the Ministry of Industry and Information called the 10 major aluminum enterprises for a meeting, the aluminum price stepped back into rebound channel, but the main futures contract price met heavy resistance at line of 14000 Yuan/ton, and […]

By: Monte Zhang | Read More

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