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...
Grow with
AL Circle
Gränges, a supplier of advanced aluminium products and solutions, expects sales volume and adjusted operating profit for the third quarter 2020 to exceed the current market expectations. The company’s sales volume for the third quarter is likely to be 86.7 ktonnes (85.8). The adjusted operating profit is expected to grow to about SEK 200 million, from 190 million a year. “The operating profit in the third quarter has been positively impacted by a stronger market demand and increased effects from cost reduction initiatives,” the company said. Gränges’ interim report for the period January–September 2020 will be published on Thursday, 22 October 2020
The Shanghai Metals Market found China’s social inventories of primary aluminium ingots increased significantly during the National Days holidays from October 1 to 8 on concentrated arrivals of cargoes. According to the data, primary aluminium inventories built up 60,000 tonnes over a week-long holiday across eight major consumption areas, including SHFE warrants, to come in at 715,000 tonnes, as of Friday, October 9. Last week on Wednesday, September 30, primary aluminium inventories hovered at 655,000 tonnes after declining by 61,000 tonnes week-on-week. Primary aluminium inventories increased this week after two consecutive weeks of decline. Given blow is the chart that indicates the current status of primary aluminium inventories across China in more details: The Chinese city Nanhai...
Irish Water, a water utility company in Ireland, has reportedly spent €160,000 on providing water in Achill Island as aluminium levels in the water there surged five times than the recommended levels. Records released by the water utility explained how at one stage aluminium levels in the drinking water rose above 1,000 micrograms per litre when the recommended safe amount is 200 micrograms (max.). Irish Water said that it gave the contract of water supply to Achill Island during the peak tourist season to a third-party supplier. The total cost of the contract for 28 days was €160,000, or equivalent of more than €5,700 daily. Internal records suggest that problems in the water have been augmented by frequent bursts on the mains water pipe on Achill whenever the raw water supply was...
The economy of Cuba is a largely planned economy dominated by state-run enterprises. The government of Cuba owns and operates most industries and most of the labour force is employed by the state. The Northern Caribbean island nation’s import of aluminium cans during 2017-19 was recorded at 10,910 tonnes and the expenditure occurred for the import remained at $106.82 million. The evaluated import for 2020 has been marked at 3,354 tonnes and expenditure to outreach at $64.21 million, however, when the import volume and expenditure of the previous three years get added, it exhibits 14,264 tonnes and $171.03 million respectively. Cuba’s import of aluminium cans in 2017 stood at 1,730 tonnes and expenditures remained at $12.67 million, whereas in 2018, the import rose to 5,644 tonnes, growth...
Ardagh has received Gold certification, one of the highest levels of recognition from EcoVadis, an independent sustainability rating platform, for sustainability performance. The company’s achievement demonstrates its dedication to continuously implementing social and environmental measures. “The recognition from EcoVadis for the fifth year is terrific as sustainability has long been at the core of the culture here at Ardagh. We established a Board Sustainability Committee to enhance and help accelerate the pursuit of our global sustainability objectives. Our commitment to the EU’s Clean Hydrogen Alliance is another step on our journey,” said Shaun Murphy, Chief Operating Officer Ardagh Group. “This gold recognition from EcoVadis reflects Ardagh’s longstanding emphasis on sustainability,”...
Aluminium Façade Systems has recently launched its first product line ProClad SOLID in the market, in support of Alspec, Australia’s market-leading aluminium system specialists with over 46 years of experience. Aluminium Façade Systems is a new company specialising in high quality and fully compliant non-combustible aluminium façade solutions. The team is led by general manager Craig Penton and business development manager Stephen Grundy, with over 30 years of experience in the construction and façade industry. “I’m extremely excited about launching our new innovative product range to the market and working together with key stakeholders to provide quality solutions and industry leading service,” said Penton. ProClad SOLID is a range of 100 per cent non-combustible prefinished PVDF solid...
Hindalco Industries Limited has hikes the aluminium products price for the third time in a row. With effect from Friday, 09 October 2020, the company’s wire rods price has risen to stand at INR 162,100 per tonne, an increase of INR 2,250 per tonne from INR 159,850 per tonne on October 7. Aluminium billets price stands at INR 158,100 per tonne as of Friday, 09 October 2020. That is up INR 2,250 per tonne from INR 155,850 per tonne on October 7. Hindalco aluminium ingots price has increased by INR 2,250 per tonne to INR 151,000 per tonne. 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 the company, excluding...
Paul Warton, President of Automotive Structures and Industry Business Unit at global aluminium company Constellium, has been appointed as Executive Vice President for Hydro’s Extruded Solutions business area. The 59 years old aluminium industry professional, Paul Warton will report to President and CEO Hilde Merete Aasheim and join the Corporate Management Board. He will start his new position on 1 st February 2021, replacing Egil Hogna, who will leave Hydro to become CEO at Nordic consultancy Norconsult. Warton has extensive experience from the aluminium industry, which includes different leadership positions in US-based aluminium company Alcoa and aluminium extrusions company Sapa, now a part of Hydro. He has worked in Constellium since 2010. He holds a degree in production engineering...
China market reopened on October 9 after the National Day and Mid-Autumn Festival holidays. SMM aluminium ingot price edged higher by RMB 170 per tonne to stand at RMB 14850 per tonne on Friday, 09 October 2020, from September 30’s price of RMB 14680 per tonne. The price is expected to range at RMB 14830-14870 per tonne. In Foshan and Wuxi, the price rose by RMB 130 per tonne and RMB 210 per tonne to stand at RMB 14790 per tonne and RMB 14870 per tonne on Friday, 09 October 2020. Aluminium prices in Hangzhou and Chongqing came in at RMB 14880 per tonne and 14770 per tonne, up RMB 200 per tonne and RMB 100 per tonne. Aluminium ingot prices in Shenyang, Tianjin, Linyi, and Gongyi increased to stand at RMB 14850 per tonne, RMB 14850 per tonne, RMB 14800 per tonne, and RMB 14780 per tonne....
Rating agency ICRA fears that consumption of non-ferrous metals, including aluminium, will shrink significantly this year as a consequence of the COVID-19 pandemic. According to the agency, the pandemic has taken a severe toll on the global automobile, construction, and electrical machinery industries, which together contributes 75 to 85 per cent to the global non-ferrous metal demand. ICRA expects the consumption of these metals to contract significantly in the current calendar year. While aluminium consumption is estimated to drop by 8 per cent year-on-year, copper and zinc to decline by 3 to 4 per cent. But it is to be noted, the prices of these three non-ferrous metals strengthened sharply in the last five months. The extent of recovery has, however, varied factoring in the evolving...
Gregory Barker, executive chairman of EN+, the parent company of Russian aluminium producer Rusal stated carbon disclosure needs to be made mandatory for the aluminium producers promptly. Barker was also very much clear of the fact that low-carbon aluminium futures contract needs to be introduced so that aluminium producers and buyers can better manage their price risks. He also added: “While aluminium has many low carbon applications, from electric cars to sustainable, recyclable packaging, aluminium production itself still contributes over 2% of the world's total emissions and the aluminium sector cannot wait.” "We are very clear. The aluminium industry has to wake up and take climate change seriously. Carbon disclosure needs to be mandatory. The transition to a low carbon economy is...
The US dollar changed against a basket of currencies on Thursday, October 8, as investors waited for fresh news on whether new US fiscal stimulus is likely in the near term. Three-month LME aluminium settled at US$ 1,799 per tonne on Thursday, up US$ 36 per tonne from the closing price on September 30. Market sentiment improved as the effect of easy US monetary policies offset worries about a second wave of coronavirus cases. LME aluminium is likely to fluctuate between US$ 1,780 per tonne and US$ 1,820 per tonne today. As of Thursday, October 8, both LME aluminium cash (bid) price and LME official settlement price jumped from US$ 1745.50 per tonne to US$ 1786 per tonne. 3-months bid price and 3-months offer price stood at US$ 1802 per tonne, up by US$ 29.50 per tonne from US$ 1772.50 per...
i2r Packaging Solutions, a leading aluminium foil tray manufacturer, has invested £750,000 in new tooling to expand their range of wrinklewall products. The company is now poised to accelerate their growth across all sectors. i2r ’ s commercial director, Jon West, said: “ Despite the challenges presented by Covid-19, we are currently seeing increased demand across a number of key markets for our products, which is helping to create the momentum we are experiencing. Investing in the new presses and new tool profiles is really exciting, not only for the business and its employees but also for the wider customer base. “Our continued investment is vitally important for excellence in customer service, lowest cost manufacturing and expansion into new markets. It’s also vitally important that...
The ASX-listed Australian company with a portfolio of high-grade bauxite assets on both the West and East coasts of Africa, Lindian Resources has announced that one of its non-executive directors has stepped down from his role. On 8 th October’20, Lindian Resources revealed that Matthew Bull will be leaving the company, after announcing his resignation, effective immediately. Asimwe Kabunga, the bauxite exploration company's Chairman commented on the departure by passing on his well-wishes. "On behalf of the Board and the management of Lindian, I would like to wish Matt all the very best in his future endeavours," he said. This has been the second leadership change in the company after Lindian appointed Danny Keating as its new CEO in August’20. The latest board shakeup comes as when the...
Earlier this week, Geoff Matthews, Futurist, Future Aluminium Forum Advisory Board Member and Energy Sector Lead for EnPot Ltd, unveiled the first proposed pathway to zero carbon for primary aluminium production at the Aluminium Online Showcase 'Green Technologies' session. Geoff Matthews said the development of the Pathway was motivated by the International Energy Agency’s June 2020 update for aluminium production. “The IEA gave the aluminium industry fail mark with ‘more effort needed’, and this promoted us to dive more deeply into what a pathway compatible with the IEA’s Sustainable Development Scenario (SDS) would look like,” said Mathews He also said, “We wanted to understand what it would mean for the industry in terms of the technological innovation required, the potential...
Gränges has announced the signing of an agreement with Boryszew S.A. on a new structure regarding the purchase price for the acquisition of Aluminium Konin, the Polish flat rolled aluminium producer. The acquisition will enhance Gränges' product offering and presence in Europe. The acquisition will also add new capabilities and capacity to expand Gränges' offering for future transportation solutions, such as electric vehicles. The acquisition was approved by the EU Commission on 23 September 2020. “A part of the purchase price will consist of a non-cash issue of shares in Gränges AB (publ) to the seller, Boryszew S.A.. The non-cash issue will amount to about 10 per cent of the Enterprise Value (approximately SEK 2.2 billion or PLN 938 million on a cash and debt free basis), corresponding...
Incessant increase in China’s unwrought aluminium imports indicates a rare inversion in normal trade patterns. In August 2020, China imported 393,000 tonnes of primary aluminium and unwrought alloy combined, close to the previous record of 394,000 tonnes in April 2009. It is no coincidence that global financial crisis is the common cause behind the surge in China’s aluminium imports. Last time the global aluminium demand experienced a sort of hit, while now COVID-19 pandemic is the reason. Now, as then, China is recovering faster than the rest of the world. While output outside China is rapidly sliding, China’s smelters are responding by lifting production. So, if the history is repeating, it is likely to lead to a further polarisation of the global aluminium market into two parallel...
National Aluminium Company Limited (NALCO) has reduced its aluminium products price today. With effect from Tuesday, 6 October 2020, NALCO's aluminium ingots price came in at INR 147,450 – 150,950 per tonne, a drop of INR 1,600 per tonne from INR 149,050 – 152,550 per tonne on September 30. The company is selling its aluminium billets at INR 150,900- 153,550 per tonne on October 6, down from INR 152,500- 155,150 per tonne on September 30. Aluminium wire rods price stood at INR 150,950-155,300 per tonne, from152,550-156,350 on September 30. 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. NALCO’s aluminium products and alumina account...
