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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Alcoa Corporation reported results for the third quarter 2020 results. The company sets new production records for Alcoa-operated bauxite mines and the Alumina segment. In Alumina, Alcoa’s third-party shipments rose approximately 6 percent sequentially, primarily due to the timing of shipments and higher overall production. In Aluminium, third-party shipment reduced approximately 3 percent due to the curtailment of the Intalco smelter in Q3 2020. Alcoa realized an 11 percent sequential increase in sales volume of value-add products on improved demand from the automotive sector. “Across all of our segments, we are delivering solid results and continuing to improve overall performance,” said Alcoa President and CEO Roy Harvey. “In the third quarter, we captured the gains from better pricing...
Aluminium producer Norsk Hydro is boosting its sustainability drive by setting up two new divisions - Renewables Growth and Batteries, announced the company on Tuesday, October 14. Hydro provides aluminium to a range of industries, including the construction and automotive industry. Hydro said the battery sector is growing rapidly across the globe and in Europe, backed on the ongoing automotive industry transformation from fossil fuel to electrical vehicles. The Batteries division will group Hydro’s current joint ventures and seek new business opportunities along the battery value chain, said Hydro. The company has a small share in Norwegian marine batteries firm Corvus Energy and in Sweden’s Northvolt, which is building factories to produce batteries for electric vehicles, as well as...
Mormugao Port Trust said three years after that it has shelved plans for the satellite port at Betul, following people’s protests; the Central government has made another effort to construct a satellite port there through Sagarmala V project. As per the industry report, a new multipurpose terminal at Betul has been planned. The Sagarmala V report says:“Bauxite mines are located at Betul about 35 km south of the Mormugao port. There are significant bauxite reserves at this location (over 200 MT).” “Mormugao port may explore the possibility of developing a terminal at Betul for export of Bauxite,” added. “This could either be a direct loading port for all-weather or fair-weather operations. Alternative a barge terminal could be planned at Betul for loading the mother ships inside the...
On 14 th October’20, the South African Aluminium Group Hulamin announced: “Third-quarter sales to end-September have improved, with order books in all its operations approaching normal levels.” The sales figure of the Group in the third quarter ended September rose to 45,000 tonnes, from 29,000 tonnes in the second quarter, as with Hulamin confirmed orders for beverage can products, heat-treated plate and extrusions were particularly healthy. The COVID-19 pandemic has hit hard Hulamin in H1 and due to the high fixed-cost nature of the business, improved volumes was a vital factor to its return to profitability. Hulamin’s sales had fallen 35% to 71,000 tonnes in H1 to end-June. The Group also made public on 14 th October that the preliminary findings of the US department of commerce...
National Aluminium Company Limited (NALCO) has increased its aluminium products price after declining the price of the same products on October 6. With effect from Tuesday, 13 October 2020, NALCO's aluminium ingots price came in at INR 154,150 – 157,650 per tonne, an increase of INR 6,700 per tonne from INR 147,450 – 150,950 per tonne on October 6. The company is selling its aluminium billets at INR 157,600- 160,250 per tonne on October 13. That is up by INR 6,700 per tonne from INR 150,900- 153,550 per tonne on October 6. Aluminium wire rods price stands at INR 162,000-157,650 per tonne, from INR 150,950-155,300 per tonne on October 6. Indian aluminium producers generally link prices of its products to the three-month futures of aluminium on London Metal Exchange. The LME aluminium price...
A00 aluminium ingot price records a drop of RMB 20 per tonne on Thursday, 15 October 2020 after four consecutive increases. The price stands at RMB14960 per tonne today, from its previous price of RMB 14980 per tonne. The price is expected to move within a range of RMB 14940-14980 per tonne. In Foshan and Wuxi, the price has dropped by RMB 10 per tonne and RMB 30 per tonne to stand at RMB 14830 per tonne and RMB 14950 per tonne. Aluminium prices in Hangzhou and Chongqing have reduced to stand at RMB 14945 per tonne and 14950 per tonne, down RMB 35 per tonne and RMB 15 per tonne. Aluminium ingot prices in Shenyang, Tianjin, Linyi and Gongyi have declined to stand at RMB 14940 per tonne, RMB 14920 per tonne, RMB 14915 per tonne and RMB 14810 per tonne. Australian alumina FOB price stands...
Aluminium Stewardship Initiative has certified Alu-Met GmbH against Performance Standard certification for remelting and casthouse operations at the Speedline Aluminium-Gießerei GmbH in Schlins, Austria. The facility uses an average of more than 70 per cent recycled aluminium feedstock to produce aluminium extrusion billets. The news came after ASI announced today that it successfully certified the plant for responsible production, sourcing, and stewardship of aluminium. The plant has an annual production capacity of up to 96,000 tonnes of extrusion billets. Fiona Solomon, Chief Executive Officer at ASI, said: “We congratulate Alu-Met on the ASI Performance Standard certification of their Speedline Aluminium-Gießerei facility. The company’s overall focus on recycled aluminium as an input...
Three-month LME aluminium shed 0.43 per cent to end at US$ 1,847.5 per tonne on Wednesday, October 14, after hitting an intraday high at US$ 1,858.5 per tonne earlier in the session. It is expected to move between US$ 1,830-1,870 per tonne today. Both LME aluminium cash (bid) price and LME official settlement price slipped by US$ 5 per tonne from US$ 1841 per tonne to US$ 1836 per tonne, as of October 14, after increasing for four consecutive days. 3-months bid price and 3-months offer price stood at US$ 1853.50 per tonne, down marginally by US$ 0.50 per tonne from the previous day. Dec 21 bid price and Dec 21 offer price, however increased by US$ 1.50 per tonne from US$ 1904 per tonne to US$ 1905.50 per tonne. The LME aluminium opening stock extended decline 1412600 tonnes to 1412125...
German luggage manufacturer RIMOWA quietly added new colour options to its classic suitcase line earlier this month. However, the manufacturer now has unveiled two new special editions of its iconic original aluminium suitcase set to drop in November’20. The travel accessory will be available in “Green Camouflage” and “Pink Camouflage,” featuring refined camouflage print and unique visual focal points throughout. Crafted using RIMOWA’s traditional techniques, the luggage piece comes with an anodized aluminium badge engraved with the brand’s signature logo, as well as its new monogram on the wheel. Assuring stable and effortless steering is the high-end RIMOWA Multiwheel System, which comes with ball-bearing mounted wheels engineered for increased resilience, stability and durability. The...
The Indian heavy engineering company, ISGEC has successfully commissioned a combustion modified 150 MW boiler for Hindalco’s Aditya Aluminium unit in Sambalpur, Odisha. The project incorporated the entire modification of the combustion system of a digressive fired boiler to drastically reduce Nitrogen Oxides (NOx) emissions in line with the revised and more stringent norms issued by the Ministry of Environment, Forests and Climate Change. Isgec executed this project in collaboration with BHI FW Corpn., USA. The extent of the project included design, engineering, manufacturing, supply, transportation, construction, commissioning, and performance guarantee testing. In December 2019, the site work at the project was inaugurated and the performance guarantee test successfully conducted in the...
Hindalco Industries Limited has raised its aluminium products price for the sixth time in a row. With effect from Wednesday, 14 October 2020, the company’s wire rods price has increased by INR 1,250 per tonne to stand at INR 166,600 per tonne from INR 165,350 per tonne on October 13. Aluminium billets price stands at INR 162,600 per tonne as of Wednesday, 14 October 2020. This marked an increase of INR 1,250 per tonne from INR 161,350 per tonne on October 13. Hindalco aluminium ingots price has increased by INR 1,250 per tonne to INR 155,500 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 2% so far in 2020. Aluminium operations of...
Hydro’s aluminium extrusion plant in Slovakia has been against the Aluminium Stewardship Initiative’s Performance Standard. This recognizes the responsible production, sourcing and stewardship of aluminium. The certification includes all the site’s operations, including its extensive fabrication activities. “I’m happy to see our hard work lead to this successful ASI certification process. It brings us a step forward in our sustainability agenda, and it supports our customer demands for aluminium products that are sourced and produced responsibly,” said Viktor Fára, managing director of Hydro Extrusion Slovakia. The extrusion plant manufactures around 16,000 tonnes per year from its two presses. The facility offers multiple fabrication and surface treatment capabilities in the electrical...
The economy of Denmark is a modern mixed economy with comfortable living standards, a high level of government services and transfers, and a high dependence on foreign trade. As a small open economy, Denmark generally advocates a liberal trade policy, and its exports, as well as imports, make up circa 50% of GDP. According to the updated IMF forecasts from 14th April 2020, due to the outbreak of the COVID-19, GDP growth is expected to fall to -6.5% in 2020 and pick up to 6% in 2021, subject to the post-pandemic global economic recovery. The Scandinavian nation’s aluminium scrap export during 2018-19 has been recorded at 272,005 tonnes and the revenue generated from the export remained at $225.20 million. The export for 2020 is expected to reach at 118,212 tonnes and earnings to stand at...
AlCircle’s first-of-its-kind “Global Aluminium Expo 2020”, as expected has turned into a successful two-day mega event. We are glad to share the total attendee registrations for the two-day event reached to 1107 from 85 countries around the world. It has been analysed that approx. 25% of the attendees, that is 276 in numbers has been present on both the days of the event and 2 hours: 3 minutes was the record average time spent by an attendee at the event. Just click on the video and have a post virtual tour of the event: AlCircle team once again remains thankful to all the 10 sponsors and 27 exhibitors who participated in this global event. The valuable contribution from our sponsors, exhibitors and cherished attendees from 85 countries has supported us to organize this successful event....
Vedanta has raised its aluminium products price for the fifth time in a row. With effect from Wednesday, 14 October 2020, the prices of some aluminium ingots are in the range of INR 153,500-166,500 per tonne. That is up by INR 1,500 per tonne from INR 152,000-165,000 per tonne on October 13 2020. Vedanta is now selling its billet at INR 161,500 per tonne on October 14, registering a hike of INR 1,500 per tonne from INR 160,000 per tonne on October 13. 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 2% so far in 2020. Vedanta’s aluminium business typically accounts for one-third of the company’s consolidated sales. Vedanta has a stake in Bharat...
As updated by Shanghai Metals Market, average spot alumina price in China has decreased by RMB 14 per tonne on Wednesday, 14 October 2020 to stand at RMB 2320 per tonne, after remaining flat at 2334 per tonne since September 21. Alumina prices in Shandong and Henan have declined by RMB 5 per tonne and RMB 20 per tonne to stand at RMB 2320 per tonne each. The prices of alumina in Shanxi, Guizhou, Guangxi China markets have dropped by RMB 10 per tonne each to stand at RMB 2310 per tonne, RMB 2345 per tonne and RMB 2345 per tonne on Wednesday, 14 October 2020. Alumina (Imported) price has reduced to RMB 2340 per tonne, representing a drop of RMB 10 per tonne after remaining unchanged at RMB 2350 per tonne since September 14. The average price is expected to move within a range of RMB...
Three-month LME aluminium hit the highest in more than one year at US$1,858.5 per tonne earlier in the session, ending 0.16% lower at US$1,853 per tonne on Tuesday. It is likely to move between US$1,830-1,870 per tonne today. As of Tuesday October 13, LME aluminium cash (bid) price stands at US$ 1841 per tonne, LME official settlement price stands at US$ 1841 per tonne; 3-months bid price stands at US$ 1854 per tonne, 3-months offer price is US$ 1854 per tonne; Dec 21 bid price stands at US$ 1904 per tonne, and Dec 21 offer price stands at US$ 1904 per tonne. The LME aluminium opening stock stood at 1412600 tonnes. Live Warrants totalled 1122025 tonnes, and Cancelled Warrants were 290575 tonnes. LME aluminium 3-months Asian Reference Price is hovering at US$ 1855.10 per tonne. SHFE...
Apple’s desire to reach expanded market consumption has come up with a mini variant to the family and rolls-out the iPhone 12 mini with a 5.4-inch screen in new aluminium design. The US consumer electronics giant claims this is the smallest and lightest 5G smartphone in the world. The iPhone mini will be available for pre-order starting November 6 and will available on November 13. The mini version of iPhone 12 comes with features like FaceID, Apple's A14 Bionic 5nm chip with better energy efficiency and four-core GPU for console-quality games. Greg Joswiak, Sr. Vice President of Worldwide Marketing, Apple said: "The arrival of 5G marks the beginning of a new era for iPhone and we're thrilled to bring these impressive new capabilities to our customers with iPhone 12 and iPhone 12 mini.”...
