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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LME aluminium price decreased on Wednesday, September 30, to US$ 1737 per tonne after three consecutive days of hike US$ 1697 per tonne to US$ 1746 per tonne. As of Wednesday, September 30, both LME aluminium cash (bid) price and LME official settlement price again stood at US$ 1737 per tonne decreasing by US$ 9 per tonne from US$ 1746 per tonne on September 29. 3-months bid price and 3-months offer price came in at US$ 1770.50 per tonne, down by US$ 9.5 per tonne from the previous day. Dec 21 bid price and Dec 21 offer price hovered at US$ 1847 per tonne. The LME aluminium opening stock declined from 1466925 tonnes to 1458900 tonnes. Live Warrants stood at 1196850 tonnes, while Cancelled Warrants at 262050 tonnes. LME aluminium 3-months Asian Reference Price came in at US$ 1768.01per...
The BUMN mining holding or Mining Industry Indonesia (MIND ID) is still working on several strategic projects even amid the COVID-19 pandemic, one of which is the Smelter Grade Alumina Refinery (SGAR). This project is a collaboration between PT Indonesia Asahan Aluminum (Inalum) and PT Aneka Tambang Tbk (ANTM). The composition of Inalum's share ownership in SGAR is recorded at 60%, while the remaining 40% is owned by ANTM. The two of them formed a subsidiary called PT Borneo Alumina Indonesia (BAI). Orias Petrus Moedak, President Director of MIND ID said: “The project, which is located in Mempawah, West Kalimantan, will connect the supply chain between the bauxite mineral ore from ANTM's IUP and Inalum's aluminium smelter.” “So far, Indonesia often exports raw bauxite which is processed...
The Aluminum Association’s Foil Trade Enforcement Working Group has filed petitions for antidumping and countervailing duty on Armenia, Brazil, Oman, Russia, and Turkey on Wednesday, September 30, alleging aluminium foils imports from these countries into the US are causing material injury to the domestic industry. In April 2018, the US Department of Commerce had announced antidumping and countervailing duty orders on similar aluminium foil products from China. “We continue to see how persistent aluminum overcapacity driven by structural subsidies in China harms the entire sector,” said Tom Dobbins, president & CEO of the Aluminum Association. “While domestic aluminum foil producers were able to invest and expand following the initial targeted trade enforcement action against imports from...
According to Shanghai Metals Market, stocks of 6063 aluminium billet across five major consumption areas in China dropped 7,900 tonnes on smaller arrivals. Aluminium billet inventories stood at 63,600 tonne as of Wednesday September 30. The chart below indicates the current status of aluminium billet inventories across China in more details: Nanchang recorded the highest decline in the billet stocks. The inventories in Nanchang dropped by 6,540 tonnes from last week to stand at 13,370 tonnes as of Wednesday September 30. In Changzhou and Huzhou, the billet stocks stood at 6,170 tonnes and 6,000 tonnes, down 1,940 tonnes and 1,000 tonnes from last week. But the stocks in Foshan and Wuxi registered a hike of 600 tonnes and 990 tonnes. The inventories of aluminium billets in Foshan and Wuxi...
Primary aluminium inventories in China have declined by 61,000 tonnes week-on-week across eight major consumption areas, including SHFE warrants, to stand at 655,000 tonnes, as of Wednesday, September 30, according to the Shanghai Metals Market. This sharp fall could be attributed to the increase in purchases by the downstream sector before the week-long Chinese National Holiday starting from October 1, 2020. On last Thursday, September 24, China’s primary aluminium inventories stood at 716,000 tonnes, decreasing by 24,000 tonnes from the previous week. The chart below indicates the current status of primary aluminium inventories across China in more details: In Wuxi, primary aluminium inventories have declined by 30,000 tonnes on September 30 to stand at 206,000 tonnes, while that in...
Molson Coors Beverage Company has inked an exclusive agreement with The Coca-Cola Company to manufacture, market, and distribute a new beverage - Topo Chico Hard Seltzer in aluminium cans in the U.S. market. “Building on the incredibly successful launches of Vizzy and Coors Seltzer earlier this year, we are thrilled that Molson Coors will launch Topo Chico Hard Seltzer in 2021,” said Gavin Hattersley, CEO of Molson Coors. “This is another significant step in growing our above premium portfolio and becoming a major competitor in the rapidly-growing hard seltzer segment, both key components of our revitalization plan.” Molson Coors will launch new range in the first half of 2021. The production and packaging of the products will be initially handled by a third party. “The Coca-Cola Company...
Google’s consumer devices brand Pixel is coming up with its upcoming flagship mobile phone Pixel 5, to be made up of aluminium, as shown off in the official renders. The specs sheet and official renders, WinFuture’s Roland Quandt noted that the Pixel 5’s “housing” is made of 100% recycled aluminium. It has been also assumed that it was just about the frame of the phone, which would be similar to the Pixel 3 and Pixel 4, and that there would be a glass rear. The Pixel 5 will set itself apart from the Pixel 4a 5G with its build. The rear cover of the Pixel 5 will be made from aluminium and will be covered with Gorilla Glass 6. It has also been reported that the greenish colour that Google will be releasing the Pixel 5 in will be called Sorta Sage. Note to readers: AlCircle brings two-day...
The growth of aluminium cans in the global market seems to be becoming insurmountable owing to the factors like disposable income of people, changing lifestyle, and evolving consumer preferences. Continuous shifts from plastic bottles to aluminium cans have triggered the demand further. Initiatives taken by some of the leading companies, such as Coca-Cola and Pepsico in the US and Toast Ale and Svyatoy Istochnik in Europe, to switch to aluminium cans from plastic bottles have already done several roundups in the market this year. They are either replacing their existing products range or launching new ones in aluminium cans. Aluminium cans production and uses According to a report, the global aluminium cans market approximately generated US$39.41 billion in 2018, which by 2025 is...
Alumina production in North America continued to grow in August 2020, according to the latest data revealed by the International Aluminium Institute. From 231,000 tonnes in July, alumina output in North America increased by 7,000 tonnes or 3.03 per cent to stand at 238,000 tonnes in August. The output in July grew by 8,000 tonnes or 3.6 per cent from 223,000 tonnes in June. In May, North America produced 210,000 tonnes of alumina, meaning June saw a rise of 13,000 tonnes or 6.19 per cent in the output. However, on a year-on-year basis, North America’s alumina output in August decreased by 8.11 per cent from 259,000 tonnes. In the first eight months, alumina production in North America totalled 1.79 million tonnes, down by 7.73 per cent year-on-year from 1.94 million tonnes. In South...
FocusEconomics Consensus Forecast panellists expect French industrial output to contract 8.7% in 2020, which is down 2.9% points from last month's forecast. For 2021, panellists expect industrial output growth at 4.9%. In form of powders, Aluminium powder and flakes are used for several applications such as the manufacture of slurry, explosive and detonators, thermite process used for the manufacture of Ferro-alloys and for specialised welding applications such as rails, pyrotechnic to manufacture crackers, sparkles and other pyrotechnic products. The Western European nation’s Aluminium powder and flakes during 2018-19 have been recorded at 9730 tonnes and revenue income occurred with the export stood at $20.86 million. The export for 2020 has been marked at 6490 tonnes and income to be...
Hindalco Industries Limited has raised aluminium products price after declining it for the second time in a row. With effect from Tuesday, 29 September 2020, the company’s wire rods price has come in at INR 158,100 per tonne. That is up by INR 1,500 per tonne from INR 156,600 per tonne on September 24. Aluminium billets price stands at INR 154,100 per tonne as of Tuesday, 29 September 2020, an increase INR 1,500 per tonne from INR 152,600 per tonne on Thursday, 24 September. Hindalco aluminium ingots price has risen by INR 1,500 per tonne to INR 147,000 per tonne as of Tuesday, 29 September 2020. The Indian aluminium producers generally link prices of its products to the three-month futures of aluminium on London Metal Exchange. The three-month futures of aluminium are down so far in 2020...
Alcoa announced that the formal consultation process for San Ciprián aluminum plant in Spain ended without an agreement with the workers’ representatives. The company now have up to 15 days to announce a decision regarding the smelter’s 228,000 tonnes of annual capacity. In August, Alcoa reached an agreement with the workers’ representatives to extend the deadline of the formal consultation period for collective dismissal to September 28, 2020. The agreement includes a process to evaluate a potential sale of the aluminium plant to GFG Alliance. “If a sales agreement is not reached by September 27, 2020, the Company and the workers’ representatives would then meet for one day on September 28, 2020, on the single topic of a social plan that would include government-supported unemployment...
According to the latest data shared by the US Geological Survey, India imported 21,700 tonnes of aluminium scrap from the United States in July 2020 versus 12,800 tonnes in June. This means India secured 8,900 tonnes or 69.53 per cent more scrap in July than the previous month. The USGS data found that India’s aluminium scrap imports from the United States have been increasing month-on-month since June. From 4,190 tonnes in May, India’s aluminium scrap imports in June increased by 8,610 tonnes or 205 per cent to stand at 12,800 tonnes. However, the imports in May stood down from 10,400 tonnes in April 2020. On a year-on-year basis, India’s aluminium scrap imports from the US remained almost flat in July 2020 compared to 21,400 tonnes during the same period last year. In the first seven...
The founder and Chairman of Vedanta Resources Limited, Anil Agarwal is seeking leastwise $5 billion for a fund earmarking companies being sold off by Government of India, as per industry professionals. This is a practised strategy, marking a return that made him wealthy. Mr Agarwal is intending an initial close of $1 billion or more for the proposed India Direct Investment fund, as per our sources; however, the plans are kept very private. He is already exploring for targets and could spend nearly $10 billion on the first few acquisitions. The commodity tycoon is engaged with London-based Centricus Asset Management Ltd. on the fund, which will have a 10-year life span and use a private equity-type strategy. As per the source, he plans to buy companies for over five years and then boost...
A00 aluminium ingot price has recorded a plunge of RMB 50 per tonne to stand at RMB 14,680 per tonne on Wednesday, September 30, following three consecutive hikes from RMB 14,270 per tonne to RMB 14,730 per tonne during September 24-29, found the Shanghai Metals Market. The average prices today are expected to range between RMB 14,660 per tonne and RMB 14,700 per tonne, with spot contract to be traded at a premium price of RMB 240-280 per tonne, down by RMB 30 per tonne from September 29. In Gongyi, A00 aluminium ingot price has declined by RMB 90 per tonne to come in at RMB 14,660 per tonne. In Foshan and Wuxi, the primary aluminium ingot price is also standing at RMB 14,660 per tonne but after declining by RMB 80 per tonne. Hangzhou has also witnessed a fall of RMB 80 per tonne to stand...
Three-month LME aluminium ended 0.34% lower at US$1,778.5 per tonne on Tuesday. Shanghai Metals Market expects the contract to trade between US$1,760-1,790 per tonne today. As of Tuesday September 29, LME aluminium cash (bid) price stands at US$ 1746 per tonne, LME official settlement price stands at US$ 1746 per tonne; 3-months bid price stands at US$ 1780 per tonne, 3-months offer price is US$ 1780 per tonne; Dec 21 bid price stands at US$ 1852.50 per tonne, and Dec 21 offer price stands at US$ 1852.50 per tonne. The LME aluminium opening stock stood at 1466925 tonnes. Live Warrants totalled 1202500 tonnes, and Cancelled Warrants were 264425 tonnes. LME aluminium 3-months Asian Reference Price is hovering at US$ 1775.34 per tonne. SHFE Aluminium Price Trend Benchmark aluminium price for...
Emirates Global Aluminium has adopted specially-designed virtual learning platforms for its employee learning and talent development during the COVID-19 pandemic. At the onset of the pandemic, EGA moved all its workshops and learning circles online in just five weeks, launching a new virtual learning platform called My Learning . The company is using online courses to train its instructors and facilitators as well. EGA has digitised the entire training framework for its National Training programmes, which include both theoretical and practical training for operational and technical roles. The company’s virtual learning platform My Learning provides access to the company’s entire range of courses and modules, covering core skills related to safety and compliance, management and leadership...
According to the latest report from the US Geological Survey, US domestic primary aluminium production was 82,000 tonnes in July 2020. The average daily production stood at 2,650 tonnes, 11% less than that in June 2020 and July 2019. The month-on-month decline was due to the shutdown of the smelter in Ferndale, WA, by Alcoa Corp. Total aluminium recovered from scrap was 268,000 tonnes in July 2020, 8% more than that in June 2020 and 5% less than that in July 2019. Of this, 146,000 tonnes of aluminium was recovered from new scrap and 122,000 tonnes was recovered from old scrap. In July, the average U.S. spot market price of primary aluminium ingot was $0.85 per pound, 7% more than that in June 2020 and 15% less than that in July 2019. Inventories of primary aluminium in LME-approved...
