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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Three-month LME aluminium strengthened 0.83% to close at US$1,762 per tonne on Friday. The contract is likely to move between US$1,750-1,780 per tonne today. As of Friday September 25, LME aluminium cash (bid) price stands at US$ 1708.50per tonne, LME official settlement price stands at US$ 1708.50per tonne; 3-months bid price stands at US$ 1746 per tonne, 3-months offer price is US$ 1746 per tonne; Dec 21 bid price stands at US$ 1820.50 per tonne, and Dec 21 offer price stands at US$ 1820.50 per tonne. The LME aluminium opening stock stood at 1477175 tonnes. Live Warrants totalled 1218125 tonnes, and Cancelled Warrants were 259050tonnes. LME aluminium 3-months Asian Reference Price is hovering at US$ 1747.45per tonne. SHFE Aluminium Price Trend Benchmark aluminium price for SHFE...
China, the world’s top exporter of aluminium, turned net importer for the first time in July 2020 since 2009. On a year-on-year basis, the country’s imports in July increased seven-fold to record the second-highest level, according to the China customs data. In August, the imports of unwrought aluminium alloy continued to hike year-on-year by 810 per cent, but decreased from the month earlier by 15 per cent to come in at 146,000 tonnes. Arrivals of unwrought aluminium and aluminium products into China came in at 391,297 tonnes in July, higher from the exports of 373,402.3 tonnes in the same month. The surge in China’s July aluminium imports came amid a wide disparity between domestic aluminium prices, as demand rapidly recovered since the outbreak of the COVID-19 earlier this year, and...
A00 aluminium ingot price has begun the week on Monday, September 28, by recording a sharp rise of RMB 270 per tonne to RMB 14,550 per tonne, found the Shanghai Metals Market. The primary aluminium ingot price has increased today after three consecutive days of hike from RMB 14,790 per tonne to RMB 14,270 per tonne during September 21-24 and a restraint on September 25. The average primary aluminium ingot prices are expected to range between RMB 14,530 per tonne and RMB 14,570 per tonne, with spot contract to be traded at a premium price of RMB 320-360 per tonne. Hangzhou has seen the highest growth today of RMB 300 per tonne to RMB 14,630 per tonne, following by the increase of RMB 280 per tonne in Linyi to RMB 14,660 per tonne and RMB 270 per tonne in Gongyi and Wuxi to RMB 14,610 per...
The world’s second-largest metal and mining corporation, Rio Tinto communicated that it was willing to continue talks with the Government of New Zealand on extending operations at its Tiwai Point aluminium smelter, as offered by Prime Minister Jacinda Ardern on 28 th September’20. Jacinda Ardern and energy spokesperson Megan Woods announced the plan, with negotiations focused on establishing a fair price for the transmission costs paid to Transpower by the smelter. Kellie Parker, Managing Director, Rio Tinto’s Pacific Operations communicated: “We are always open to continuing conversations that would see fairer costs established for the smelter.” “The on-going uncertainty for our team at Tiwai and the Southland community is very hard but it is encouraging both major parties have now...
The Aluminum industry is predominant in the development of the country, as India is driving pivotal projects like Make in India, 100 Smart Cities, 100 AMRUT Cities, 24-hour uninterrupted power supply, 100% rural electrification, domestic space program, achieving 100 GW solar power generation capacity which is considered as the backbone of an economy and making the nation self-reliant. In the presence of many other industry leaders, Mr Abhijit Pati, CEO & Director, Bharat Aluminium Company (BALCO) expressed his thoughts that “Aluminum sector has capabilities to play a major role in the growth of India”. He said while addressing a webinar as a key speaker at the 24th International Conference on Non- Ferrous Metals- 2020 on the ‘Prospects of Aluminium Industry in India & the challenges faced...
The Sri Lankan Government is to account whether aluminium could be imported as raw material and foster the job market of the country, while saving much foreign currency, stated by Ajith Nivard Cabraal, Money and Capital Market and State Enterprise Reforms State Minister, on 25 th September’20. This observation was made by the state minister in response to a suggestion made by a Sri Lankan MP Mohamed Muzamil. Ajith Nivard Cabraal, said: “I would discuss with President Gotabhaya Rajapaksa and Prime Minister Mahinda Rajapaksa on the matter and additionally to see if the export of aluminium scrap to be prevented allowing the same be used by local manufacturers.” It has been also revealed that a sum of Rs (LKR) 95,723 million is spent on aluminium imports annually. MP Muzzamil said: “Mostly...
National Aluminium Company Limited (NALCO) announced that the company has signed a Memorandum of Understanding (MoU) with Numaligarh Refinery Limited (NRL) for long term supply of CP Coke to ensure raw material security. The MoU was signed on Thursday 24 September 2020. The company will supply Calcined Petroleum Coke (CPC) for a period of 5 years with an annual estimated sale of 40,000 MT. NALCO recently announced its June quarter results. The company reported net profit of INR 16.63 crore in Q1FY21, a decline of 82.99% from INR 97.78 crore in Q1FY20. Revenue stood at INR 1,380.63 crore in Q1FY21. That was down by 33.75% from INR2,084.08 crore last year. EBITDA came in at INR 129.07 crore in Q1FY21. This marked a decrease of 39.79% YoY. The company had recorded EBITDA of INR 214.36 crore...
Schneider Electric, the European multinational company providing energy and automation digital solutions for efficiency and sustainability has recently launched the APC Easy Rack Power Distribution Units (PDU) range which features easy-to-install, easy-to-use and customisable PDUs for connected loads. Jean-Baptiste Plagne, Global VP of edge computing solutions at Schneider Electric, said: "Schneider Electric is extremely proud to announce our new APC Easy Rack PDU family.” The new APC Easy Rack PDU delivers power distribution that is both reliable and cost-effective. From network closets and edge computing environments to small and medium data centres, APC Easy Rack PDUs offers a resilient power continuity solution for end-users. Furthermore, it features a user-friendly LCD screen, a...
Global beverage manufacturer Coca-Cola is reportedly launching a new beverage - Topo Chico Hard Seltzer in sleek aluminium cans in Mexico and Brazil. The product will come in three gluten-free flavours, Tangy Lemon Lime, Strawberry Guava and Pineapple Twist. Coca-Cola will start distributing the new drink this month. The company’s strategic platforms executive vice-president Khalil Younes said: “This is a great opportunity to enter the fast-growing hard seltzer category with a strong brand that features natural, great-tasting flavours.” He also said, “We want to move with speed and flexibility to deliver what we believe is a solid consumer and customer proposition.” Topo Chico will be available in Mexico City, Puebla, Acapulco, Tijuana, Guadalajara and Monterrey, Rio De Janiero and São...
Recycling initiative Every Can Counts launches new recycling-themed filter game on Instagram and Facebook in a Recycle Week 2020. Every Can Counts’ new AR filter game “Catch ‘Em If You Can” to encourage drink can recycling. It offers players the chance to win a PlayStation 5. Chris Latham-Warde, Every Can Counts UK Programme Manager said: “We know gamers often enjoy drink cans, so this Recycle Week we’re embracing their world with the launch of our new filter game. “Catch ‘Em If You Can” gives gamers and social media users the opportunity to have fun while learning about the benefits of recycling drink cans. We’ve designed the game so that it raises awareness of the wide variety of products that can be produced from recycled drink cans, whether that’s producing brand new drink cans or...
The Aluminium industry considered one of the toughest to reduce emission sector, need to shift to new technologies using 100% renewable energy and feedstock. A coalition of six Indian industry majors which includes Hindalco Industries signed up an ‘Industry Charter for Near-Zero Emissions by 2050’ in a virtual event at the ongoing Climate Week NYC. As founding Signatories of the Charter, the six industry majors Hindalco Industries, Siemens Energy India, Thermax, Dalmia Cement (Bharat) Ltd, Shell Group of Companies India and Tata Consulting Engineers Ltd have committed towards development of energy efficiency, renewable energy, circular economy across member companies and supply chains; support the transition of India’s COP 21 commitment of carbon intensity reduction to absolute carbon...
Constellium announced that the company will present at the Deutsche Bank 11th Annual Global Industrials & Materials Summit. Jean-Marc Germain, Chief Executive Officer, and Peter Matt, Executive Vice President and Chief Financial Officer, will participate in the virtual Deutsche Bank Global Industrials & Materials Summit on Tuesday, June 9, 2020 at approximately 8:15 a.m. (Eastern Daylight Time). Constellium manufactures innovative and high value-added aluminium products and solutions for aerospace, automotive and packaging markets. On Wednesday, June 3, the company signed a multi-year contract with Airbus for the supply of a broad range of advanced aluminium rolled and extruded products, including wing skin panels, sheets for fuselage panels, and rectangular and pre-machined plates for...
Hydro’s aluminium manufacturing plant in Hungary has been certified against Aluminium Stewardship Initiative’s (ASI) Performance Standard and Chain of Custody (CoC) Standard. The certification covers all the site’s operations, including its extensive automotive-related activities. “This is a great achievement for us in Székesfehérvár, and a credit to the hard work we put into this. ASI certification is a step forward for us in our sustainability agenda, and it supports our customer demands for aluminium products that are sourced and produced responsibly,” says managing director Frank Iepema. This plant is Hydro’s largest aluminium extrusion plant in Europe, with six presses, surface coating capabilities and 300 machines for fabrication. The facility has been producing structural...
The economy of South Korea is a highly developed mixed economy dominated by family-owned conglomerates called chaebols. It is the 4th largest GDP in Asia and the 12th largest in the world. South Korea is known for its spectacular rise from one of the poorest countries in the world to a developed, high-income country in just a few generations. The major industries that contribute to the economy of South Korea are Electronics telecommunications automobile production chemicals shipbuilding steel, etc. The East Asian nation’s import of bauxite during 2017-19, remained quite impressive as per the requirement of the industry. The import volume during this phase recorded was 1.007 million tonnes. The projected bauxite import for 2020 is marked at 370,636 tonnes, however, when it gets added to...
Dutch beverage company Fiorito B.V. has teamed up with Ardagh Group’s Graphics team for watermark design on ready to drink (RTD) cocktail. Limoncello Tonic is the latest addition to a range of drinks made from Fiorito’s limoncello. It comes in 250ml slim Ardagh can in iridescent golden yellow colour. “Fiorito’s distinctive vision for the packaging for its first canned drink was a bright and shining yellow aesthetic, suggesting a hot summer day, with a background of sophisticated geometric lines to enhance the feel of quality – like a watermark,”Ardagh said. Ardagh’s Graphics team decided to use the same yellow in two shades to achieve the watermark effect, using a plate with wide open lines to print a second layer and achieve a main can colour that is darker than its ‘background.’...
According to a recent report, the London Metal Exchange will add to its aluminium pricing offering a new cash-settled European duty-paid aluminium premium contract settled against Fastmarkets’ benchmark Rotterdam premium. The news came after Alex Shaw, head of product development and research at the LME, announced it officially at the Fastmarkets International Aluminium Conference on Tuesday, September 22. The new contract is schedule to launch in 2021. “We’ve looked to extend [our product offering] with a duty-paid European product, which we are pleased to be launching with Fastmarkets to provide both duty-unpaid and -paid for the European market,” said Shaw. Shaw pointed out that previously LME launched an alumina price in 2019 to provide hedging tools, followed by US and European...
Continente has announced the launch of its aluminium coffee capsules. The new ranges are available in four variants - Decaffeinate, Seducent, Ristretto and Possente. Aluminium coffee capsules will also help in reducing carbon footprint. These capsules are compatible with Nespresso machines. These alumiinum coffee capsules reinforce the commitment of Continente to offer innovative high quality products at always low prices. The coffee used in the production of these capsules is certified to guarantee environmental and social sustainability. It also aims to protect forests, improves the lives of local communities and mitigates the climate crisis. Tânia Lucas, Business Unit Director, Sonae MC said, “The coffee capsule segment was one of the fastest growing categories during the Covid-19...
Aluminium ingot prices registered a growth after three days of drop. SMM aluminium ingot price stood at RMB14280 per tonne on Friday, 25 September 2020, up RMB10 per tonne from RMB14270 per tonne on Thursday. The average price is likely to range at RMB14260-14300 per tonne. In Foshan and Hangzhou, the price declined by RMB 20 per tonne each to stand at RMB 14370 per tonne and RMB 14330 per tonne. Their average prices are expected to range within RMB 14350-14390 per tonne and RMB 14310-14350 per tonne. Aluminium prices in Shenyang and Linyi came in at RMB 14320 per tonne and RMB 14380 per tonne, down RMB 10 per tonne and RMB 20 per tonne. Aluminium ingot prices in Gongyi, Wuxi, Chongqing and Tianjin increased to stand at RMB 14340 per tonne, RMB 14300 per tonne, RMB 14310 per tonne, and...
