Futures: SHFE aluminium closed at RMB 23,170 per tonne in the daytime session (down 0.22 per cent), moving sideways. Prices barely held above the MA5 (23,111) but were capped by the MA10 (23,199) and MA30 (23,352), with the bearish alignment of moving averages unchanged. The MACD formed a golden cross below the zero axis (DIF -132.31, DEA -150.30), with the red histogram expanding to 35.98, but trading volume shrank sharply to 43,600 lots, and the volume-price divergence limited the rebound height. The core trading range for SHFE aluminium is suggested at 22,900-23,400. LME aluminium closed at USD 3,082 per tonne (up 0.31 per cent). Prices held above the MA5 (3,063.8), MA10 (3,072.5), and MA30 (3,068.4), but remained capped by the MA60 (3,166.4), in a weak recovery phase within the...
India’s Directorate General of Trade Remedies (DGTR) has initiated an anti-dumping investigation into imports of aluminium extrusion profiles, structures and articles from China, Malaysia, Vietnam and Thailand following a complaint by the Aluminium Extrusion Manufacturers Association of India (ALEMAI). The investigation will examine imports between April 1, 2025 and June 30, 2026. The injury assessment will cover the period from 2022-23 to June 30, 2026. ALEMAI, which represents 228 domestic manufacturers, alleged that a significant increase in dumped imports from the four countries had caused injury to India's aluminium extrusion industry. Explore further insights and forecasts for the aluminium flat rolled products (FRP) market from our comprehensive report - Aluminium Flat Rolled...
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Austria is a highly developed industrialized country with an important service sector. The most important industries are food and luxury commodities, mechanical engineering and steel construction, chemicals, and vehicle manufacturing. The nation’s economic freedom score is 73.3, making its economy the 29th freest in the 2020 Index. Its overall score has increased by 1.3 points, led by a higher score for government integrity. The Southern part of Central European country’s import of aluminium household articles has been recorded at 9254 tonnes and expenditures incurred for the import stood at $63.40 million. The import for 2020 has been marked at 4200 tonnes and expected expenses to occur stands at $30.05 million; when the import volume and expenditure gets assorted to the preceding two...
Alcoa Corporation made a record third-party shipment of 12 million-plus dry metric tonnes of bauxite during the third quarter of 2020 ended on September 30, backed on robust production year to date at Alcoa’s Huntly and Willowdale bauxite mines. Boosted by this result, Alcoa’s bauxite shipments are expected to range between 48-49 million dry metric tonnes by the end of this year. But despite the robust shipments, Alcoa’s adjusted EBITDA from bauxite stood down by $7 million quarter-on-quarter. In Q2 2020, Alcoa’s adjusted EBITDA in the bauxite segment was $131 million, which in the Q3 lowered to $124 million. So far this year, Alcoa’s total third-party shipments of dry metric tonnes bauxite came in at 36.4 million. Alcoa’s revenue from bauxite in Q3 2020 stood at $292 million, while its...
Dutch furniture and interior designer Richard Hutten worked with award-winning design label for contract furniture and office furniture, Lensvelt to develop 27,000 new seats for Amsterdam's Schiphol airport that make use of the building's existing resources. According to Richard Hutten, this: "radical new way to produce a product emits 95% less carbon in its production than any comparable product.” The designer followed circular design principles, with all of the seats' constituent materials being either recycled, recyclable or biodegradable. It begins with the frame, which is cast from aluminium that was recovered from the airport's previous, unserviceable seats that would otherwise have been discarded. The process not only helped to conserve resources but also energy, as recycling...
The Ghana International Trade Commission (GITC) has pointed out that the dumping of aluminium coils and circles from China onto the Ghanaian domestic market are causing material injury and posing a threat to the domestic industry. So, on Thursday, October 15, Professor Paul Kuruk, Vice Chairman of GITC, ruled on petition No. ADR-GITC /001/209 brought by Aluworks Limited, the sole manufacturer of aluminium coils and circles in Ghana. On May 8, 2019, Aluworks had urged the Commission to investigate the alleged dumping of aluminium coils and circles orginating in or imported from China. According to a report, GITC calculated a weighted average dumping margin of 35.77 per cent for the subject product. Therefore, the Commission has decided anti-dumping duties on Chinese aluminium coils and...
UACJ Extrusion Nagoya Corporation, Japan, will expand its extrusion capacity at its plant in Nagoya, Japan with new extrusion press line. The company has given the final acceptance certificate (FAC) to SMS group for the supply of new HybrEx®40 extrusion press line. This extrusion line one of SMS group's latest-generation presses. The hybrid drive technology reduces energy consumption compared to conventional extrusion presses. The HybrEx®40 extrusion press processes 10-inch aluminium billets at a maximum press force of 40 MN and at a speed of up to 21 millimeters per second “What's more, the HybrEx® boasts a compact design thanks to the optimized hydraulic system concept. The award-winning press enclosure design eliminates the need for any other safety barrier systems,” SMS group said....
Hindalco Industries Limited has reduced its aluminium products price after raising it for the sixth time in a row. With effect from Friday, 16 October 2020, the company’s wire rods price stands at INR 165,100 per tonne, down by INR 1,500 per tonne, from INR 166,600 per tonne on October 14. Aluminium billets price has come in at INR 161,100 per tonne Friday, 16 October 2020, registering a drop of INR 1,500 per tonne from INR 162,600 per tonne on October 14. Hindalco aluminium ingots price has declined by INR 1,500 per tonne to INR 154,000 per tonne today. The Indian aluminium producers generally link prices of its products to the three-month futures of aluminium on London Metal Exchange. The aluminium price on LME has increased by more than 1% so far in 2020. Aluminium operations of the...
As updated by Shanghai Metals Market, social inventories of primary aluminium across eight consumption areas in China, including SHFE warrants, increased slightly this week. Inventories stood 719,000 tonnes as of Thursday, October 15 2020, an increase of 4,000 tonnes from a week ago. The chart below shows the current status of the primary aluminium inventories across China in more details: Primary aluminium stocks in Wuxi and Nanhai increased by 7,000 tonnes and 5,000 tonnes from a week ago to 221,000 tonnes and 200,000 tonnes as of Thursday, 15 October 2020. Stocks in Hangzhou stood at 73,000 tonnes, up 1,000 tonnes. Inventories of aluminium in Shanghai and Gongyi stood at 118,000 tonnes and 53,000 tonnes. That was down 4,000 tonnes and 5,000 tonnes from last Thursday. Primary aluminium...
Three-month LME aluminium strengthened 0.51% to end at US$1,854.5 per tonne on Thursday. The contract is expected to fluctuate between US$1,830-1,870 per tonne today. As of Thursday October 15, LME aluminium cash (bid) price stands at US$ 1824 per tonne, LME official settlement price stands at US$ 1824 per tonne; 3-months bid price stands at US$ 1839.50 per tonne, 3-months offer price is US$ 1839.50 per tonne; Dec 21 bid price stands at US$ 1896 per tonne, and Dec 21 offer price stands at US$ 1896 per tonne. The LME aluminium opening stock stood at 1407025 tonnes. Live Warrants totalled 1126300 tonnes, and Cancelled Warrants were 280725 tonnes. LME aluminium 3-months Asian Reference Price is hovering at US$ 1845.07per tonne. SHFE Aluminium Price Trend Benchmark aluminium price for SHFE...
A00 aluminium ingot price has extended its drop, albeit lower than October 15, by RMB 10 per tonne to stand at RMB 14,950 per tonne, as of Friday, October 16, found the Shanghai Metals Market. The average prices are expected to range between RMB 14,930 per tonne and RMB 14,970 per tonne, with spot contract to be traded at a premium price of RMB 250-290 per tonne, up by RMB 230 per tonne from the previous day. Yesterday, on October 15, primary aluminium ingot price decreased by RMB 20 per tonne from RMB 14,980 per tonne to RMB 14,960 per tonne, according to SMM. However, the decline in price today has not touched upon all the major markets in China except Shenyang, Chongqing, and Foshan, where A00 aluminium ingot price has shrunk by RMB 25 per tonne, RMB 20 per tonne, and RMB 10 per tonne...
Vedanta, the multi-billion dollar mining and metal Group invests big on industry 4.0 and digital technologies to stay relevant in the metal industry. The demand for metals is growing continuously, as the global population rises and aluminium stands as the second most essential metal in the world. The metal industry plans to invest significantly in digital operation solutions over the next five years across the globe. However, this investment is rendering into a progressively advanced level digitalization and integration, and the outcome of it is substantial operational cost savings, safety, and sustainability of the business as well as social inclusiveness. The companies in the metal industry are counting on Industry 4.0, besides from digital technologies. The technology empowers...
Hydro is supplying Hydro CIRCAL low-carbon aluminium for more than 100 large building projects. The company has secured large building projects in 10 countries across two continents with Hydro CIRCAL. Hydro CIRCAL, which is made with recycled, post-consumer aluminium scrap, will reduce 25,000 tonnes of CO2. The projects range from 10 to 400 tonnes of aluminium that would meet low-carbon product demand. “This milestone highlights the potential for low-carbon aluminium products in the building industry. With strong focus on execution, our team has secured and delivered solutions for a variety of building projects. We also have new projects in the pipeline,” said Henri Gomez, Head of Building Systems in Hydro. “From thriving business hubs to a total revamp for iconic buildings, the span of...
MBF Aluminium in France, an automotive subcontractor for aluminium components, intended to defend their 300 jobs, which is standing on a threat in the more or less short term. On 15 th October’20, the employees meet in front of the cathedral of Saint-Claude in the morning to demonstrate a protest. As per report commissioned by the Ministry of the Finance and Economy concerning the foundry at the national level does not herald happy days for automotive subcontractors. Of the 13,500 jobs in the entire foundry industry in France, 5,200 would be cut by 2025. For MBF, this would result in the elimination of 150 positions, so half of the workforce. The CGT union said: "Which would mean closing in the medium term because the foundry would no longer be economically viable.” Management and...
Monash University, a public research university based in Melbourne, Australia has come up with a world-first study by its engineers, as they have demonstrated improvements in the fatigue life of high strength aluminium alloys by 25 times, which is a significant outcome for the transport manufacturing industry. As per the demonstration, researchers claim that the poor fatigue performance of high strength aluminium alloys was because of weak links called ‘precipitate free zones’ (PFZs). Professor Christopher Hutchinson has led the team, who is a Professor of Materials Science and Engineering at Monash University in Australia, was able to make aluminium alloy microstructures that can heal the weak links while in operation (i.e. a form of self-healing). The enhancement in the lifetime of high...
Aluminium billet inventories in China have decreased this week, ending on Thursday, October 15, due to a decline in arrivals at warehouses, found the Shanghai Metals Market. SMM data shows the aluminium billet stocks have dipped by 3,200 tonnes from last Friday, October 9, across five major consumption areas to stand at 102,500 tonnes, as of Thursday, October 15. The chart below indicates the current status of aluminium billet inventories across China in more details: In Wuxi, aluminium billet inventories have declined by 2,680 tonnes to stand at 16,820 tonnes on October 15, while that in Huzhou have decreased by 1,000 tonnes to come in at 11,000 tonnes. In Foshan, Nanchang, and Changzhou, the inventories have inched down by 500 tonnes, 350 tonnes and 300 tonnes, respectively, to hover at...
Cape May Brewing Company has launched new four craft beers packaged in Ardagh 12 oz. and 16 oz. beverage cans. The new range includes Always Ready, Cape May IPA, Coastal Evacuation and Cape May White. “We’re emerging as a very trusted brand, where our customers know they’ll consistently see new products that meet any occasion,” Cape May Brewing Company’s CEO Ryan Krill said. “We continue to carve out a specific niche in the crowded craft beer market where the highest quality ingredients are the foundation for innovation and variety.” “We are increasingly turning to cans as they best preserve our specific taste profiles and keep the beer fresher for longer periods of time.” “We also serve the Jersey shore and cans are allowed on beaches, golf courses, etc. where other pack types are not....
Ball Corporation reveals that the company’s new survey finds that consumers in the UK prefer to buy water in aluminium cans for on-the-go purchases. The YouGov poll indicates there is a growing thirst for retailers, and food and beverage outlets to sell water in aluminium cans. The survey indicates that UK consumers are willing to buy water in can when supplied with the correct facts about aluminium recyclability and recycling rates. Ana Neale, Director, Marketing and Strategic Planning, Ball Corporation, said: “The results of this survey indicate that once there is awareness of recyclability and availability, younger age groups, especially, will choose packaged water in cans. Just as we’ve seen in other beverages, we expect more and more brands to offer on-the-go water of all types in...
Assan Alüminyum, one of the world’s leading flat-rolled aluminium manufacturers, has joined the Aluminium Stewardship Initiative as a new Production and Transformation member, bringing the total number of members working toward a responsible aluminium value chain to 135. Assan Alüminyum has been producing coil & sheet, foil, and pre-painted aluminium products since its establishment in 1988, and is now one of the three largest aluminium foil manufacturers in Europe with production capacity reaching up to 100 thousand tonnes. The total installed capacity of Assan Alüminyum is 300 thousand tonnes across production facilities located in Istanbul and Turkey. The company offers its aluminium products to a variety of industrial sectors including packaging, distribution, construction, consumer...
The economy is set to contract this year, hit by both the pandemic and political tensions. FocusEconomics panellists project the economy to shrink by 3.8% in 2020. In 2021, the economy is expected to rebound and grow 2.3%, which is down 0.2% points from last month's estimate. Civil engineering is a growing industry in Belarus. The industry makes a positive contribution to the country's GDP. The landlocked eastern European nation’s import of aluminium wire during 2018-19 has been recorded at 62,032 tonnes and the revenue expended on the import remained at $164.45 million. The import for 2020 has been marked to reach at 37,812 tonnes and expenditures to happen will stand at $155.80 million, however, when the import volume and expenditure of the previous two years gets added it depicts...
