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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In West Europe, primary aluminium production in August 2020 came in at 280,000 tonnes, inching down slightly from 281,000 tonnes in July 2020, according to the data revealed by the International Aluminium Institute. Output in July was 281,000 tonnes, up month-on-month by 3 per cent from 273,000 tonnes. On a year-on-year basis, primary aluminium production in West Europe in August stood down by 2.1 per cent from 286,000 tonnes. Total production in eight months in West Europe came in at 2.23 million tonnes, lower by 3.46 per cent from 2.31 million tonnes during the same period last year. On the other hand, primary aluminium production in East & Central Europe in August stood flat over the month at 349,000 tonnes. In July, the output grew by 9,000 tonnes or 2.65 per cent from 340,000 tonnes...
Africa produced 135,000 tonnes of primary aluminium in August 2020, marking a decrease of 2.88% from 139,000 tonnes in August 2019. The output increased by 1.5% from July 2020’s production of 133,000 tonnes and 3.85% from June 2020’s production of 130,000 tonnes, according to the latest data showed by the International Aluminium Institute (IAI). Africa’s primary aluminium production came in at 1.072 million tonnes in the first eight months of 2020 as compared to 1.099 million tonnes in the first eight months of 2019. This records a decrease of 2.46% or 27,000 tonnes year-on-year. IAI reported that primary aluminium production in Africa came in at 1.643 million tonnes in 2019 as compared to 1.668 million tonnes in 2018. That was down 1.5 per cent year-on-year. Note to readers : AlCircle...
According to the US Geological Survey data, the United States exported 49,800 tonnes of aluminium plates, sheets and bars in June 2020, up by 9,900 tonnes or 24.81 per cent month-on-month. In May, the United States exports were 39,900 tonnes after declining by 8,500 tonnes or 17.56 per cent from 48,400 tonnes in April. In March, the export volume was 69,900 tonnes, meaning April saw a month-on-month decline of 30.76 per cent. So, the hike in the US aluminium semis exports in June was after two consecutive months of decline. On a year-on-year basis, the US aluminium plates, sheets and bars exports in June 2020 decreased by 27.41 per cent from 68,600 tonnes. The United States’ total aluminium plates, sheets and bars exports in the first six months of 2020 came in at 345,000 tonnes, down...
Ardagh has signed the commitment letter to set new goals to be reviewed and approved by the SBTi committee. This will help in reducing its carbon emissions and accelerating the implementation of future-oriented technology with the aim of achieving the European Union’s goal for carbon neutrality by 2050. The company has committed to set science-based targets through the Science-Based Targets initiative. The initiative aims to encourage corporate climate action for a low-carbon economy. Ardagh will set specific goals for reducing greenhouse gas (GHG) emissions in alignment with the Paris Agreement 2015, where governments mutually pledged to limit the global temperature increase to 1.5 degrees Celsius. “Ardagh’s commitment to the SBTi demonstrates our continued dedication to sustainability,”...
Montenegro's economy is transitioning to a market system. Around 90% of Montenegrin state-owned companies have been privatized, including 100% of banking, telecommunications, and oil distribution. The major industrial sectors that support the economy of the nation are aluminium, steel, consumer good, etc. Uniprom KAP or Aluminium Plant Podgorica, is a Montenegrin aluminium smelter company, located on the southern outskirts of Podgorica, Montenegro. The alumina import of the Balkan nation during 2017-19 was recorded at 171,323 tonnes and the expenditure occurred for the import stood at $74.40 million. The import for 2020 has been marked at 51,165 tonnes and the foreign revenue expenditure to be remaining at $16.26 million. When the import and expenditure figures get assorted to the...
According to the latest data revealed by the International Aluminium Institute (IAI), primary aluminium production in North America dipped by 2,000 tonnes or 0.60 per cent in August 2020, following a rise in the previous month. Output in August stood at 331,000 tonnes, while in July was 333,000 tonnes after rising by 3,000 tonnes or 1 per cent from 330,000 tonnes in June 2020. On a year-on-year calculation, North America’s primary aluminium production in August 2020 stood down by 10,000 tonnes or 3.12 per cent from 321,000 tonnes. In total eight months of the year (January-August), primary aluminium production in North America totalled 2.66 million tonnes, up by 4.31 per cent from 2.55 million tonnes during the same period last year. Primary aluminium production in South America, on the...
The Multi Commodity Exchange of India (MCX) witnessed a total shipping of 30,771 tonnes in aluminium after completion of its August contract delivery cycle. The total delivery of 1,06,814 tonnes recorded in the five base metal contracts viz. Aluminium, Copper, Lead, Nickel and Zinc, which were converted into compulsory delivery contracts in a phased manner since January last year. “MCX has also started the process of Empanelment of domestic refined Lead brands to encourage more domestic consumers and refiners to participate on the Exchange, which has issued eligibility criteria for domestically refined Lead brands to get registered for MCX good delivery. At present, only LME approved brands are accepted,” MCX said. “We have achieved yet another milestone by converting all base metal...
Emirates Global Aluminium, the largest industrial company in the UAE outside oil and gas, has come up with its third annual Sustainability Report, wherein it has all the details of the company’s 2019 environmental, social, and governance performance in the UAE as well the Republic of Guinea. The report has been prepared in accordance with the Global Reporting Initiative (GRI) Standards, the international framework for sustainability reporting. It also meets the reporting and disclosure requirements set by the Aluminium Stewardship Initiative (ASI). According to the report, EGA, in 2019, achieved better safety performance than the average global industry, as measured by the International Aluminium Institute (IAI). There were no fatalities or occupation diseases at any of the EGA sites....
Three-month LME aluminium came off an intraday high of US$1,804 per tonne to end 0.75% lower at US$1,782 per tonne on Monday. As of Monday September 21, LME aluminium cash (bid) price stands at US$ 1752.50 per tonne, LME official settlement price stands at US$ 1752.50per tonne; 3-months bid price stands at US$ 1793 per tonne, 3-months offer price is US$ 1793 per tonne; Dec 21 bid price stands at US$ 1869 per tonne, and Dec 21 offer price stands at US$ 1869 per tonne. The LME aluminium opening stock stood at 1499100 tonnes. Live Warrants totalled 1235750 tonnes, and Cancelled Warrants were 263350 tonnes. LME aluminium 3-months Asian Reference Price is hovering at US$ 1799.66per tonne. SHFE Aluminium Price Trend Benchmark aluminium price for SHFE decreased to stand at US$ 2152 per tonne on...
The wheel manufacturer in the Indre, France, Alvance Wheels will supply more than 35,000 aluminium wheels each year for the caravan market. The only manufacturer of aluminium wheels in France, Alvance Wheels (formerly – Liberty Wheels) is facing the economic crisis due to the pandemic in the best possible way. However, production has gradually resumed since the end of August’20 for the 287 employees of the Diors plant. In this context, the signing of a new contract is excellent news. On 21 st September’20, the group announces its collaboration with Tyre-Line Original Equipment, the leader in wheel and tyre assemblies for caravans and leisure vehicles, on the British and European markets. More than 35,000 aluminium wheels will have to be supplied each year. For Alvance Wheels, this is an...
Global primary aluminium production stood at 5.485 million tonnes in August 2020, with a year-on-year increase of 2.45% from 5.354 million tonnes in August 2019, according to the latest data showed by the International Aluminium Institute (IAI) on Monday, 21 September 2020. On a month-on-month comparison, the output slightly decreased by 0.07% from 5.489 million tonnes. Total primary aluminium production came in at 43.037 million tonnes in the first eight months of 2020, an increase of 1.44% from 42.425 million tonnes in the first eight months of 2019. In Asia ex-China, aluminium production came in at 347,000 tonnes in August, a7.22% decline from 374,000 tonnes in August 2019. On a month-on-month basis, the output marked an increase of 1.17%. In January-August, output came in at 2.738...
According to the Shanghai Metals Market, A00 aluminium ingot price has declined by RMB 40 per tonne on Tuesday, September 22, to stand at RMB 14,750 per tonne, following two consecutive days of rise from RMB 14,590 per tonne to RMB 14,790 per tonne. The average prices are expected to range between RMB 14,730 per tonne and RMB 14,770 per tonne, with spot contract to be traded at a premium price of RMB 90-130 per tonne, down by RMB 10 per tonne from the previous day. In Foshan and Tianjin, A00 aluminium ingot price has plunged by RMB 50 per tonne to RMB 14,920 per tonne and RMB 14,740 per tonne, respectively, while in Chongqing and Wuxi, the price has fallen by RMB 25 per tonne and RMB 20 per tonne to come in at RMB 14,780 per tonne and RMB 14,750 per tonne. In Hangzhou, Shenyang, and...
The Stadler Polska plant in Siedlce city of Poland is currently producing the first of 12 FLIRT trains under the order from PKP Intercity for over PLN 1 billion gross. These will be modern vehicles, the boxes of which will be made of aluminium, not steel. The subject of the contract signed in August 2019 is the delivery of 12 brand new electric multiple units (EMU) FLIRT type together with the service of their technical maintenance for 15 years. The value of the order is PLN 1.015 billion gross. According to the adopted schedule, the initial stage of production of the first train at the Siedlce plant of Stadler Polska is underway. At this stage of the works, eight vehicle boxes are built into which the fasteners, insulation and electrical components are placed, and then the cabling and...
LS Cable & System, the South Korea-based industrial corporation with global operations and one of the biggest cable manufacturers worldwide, on 21 st September’20, announced it has started bulk-production of aluminium wires for electric vehicles. The cable manufacturer has broadened its investment in aluminium wires as it believes that aluminium will become a vital material for vehicles amid growing competition in EV industries. As per LS Cable: “Aluminium conductor wires are 40% lighter than conventional copper wires and can reduce the weight of wires from 25 kilograms per vehicle to about 15 kilograms.” LS Cable said: “It has built a factory exclusively for aluminium wire production in Korea. This is because when production facilities for copper and aluminium wire are combined, copper...
Hindalco Industries Limited’s aluminium products price has declined after remaining restraint for a month. With effect from Saturday, 19 September 2020, the company’s wire rods price stands at INR 158,100 per tonne, registering a drop of INR 1,250 per tonne from INR 159,350 per tonne on August 22. The company is now selling its billets at INR 154,100 per tonne as of Saturday, 19 September 2020, down INR 1,250 per tonne from INR 155,350 per tonne on Saturday, 22 August 2020. Hindalco aluminium ingots price has decreased to stand at INR 147,000 per tonne, a drop of INR 1,250 per tonne from INR 148,250 per tonne on August 22. 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...
China has approved 121,000 tonnes of aluminium scrap imports in its 12 batch of quota this year, according to the China Solid Waste and Chemicals Management report. This brings China’s total approved amount of aluminium scrap import quotas to 818,000 tonnes so far this year. SMM estimates China’s aluminium scrap import quotas for the fourth quarter of the year to come in at 130,000 tonnes to 150,000 tonnes, much lower from Q3. In the 11 th batch of aluminium scrap import quotas, which was the 3 round of approval for Q3 2020, China permitted 2,610 tonnes. A secondary aluminium producer in Jiangsu province that uses imported aluminium scrap obtained 16,620 tonnes of import quotas in the 12 th batch, ranking the second. This brings its monthly average import quotas to around 5,540 tonnes,...
The economy of Sweden is a developed export-oriented economy aided by timber, hydropower, and iron ore. Sweden, which avoided a lockdown during the height of the Covid-19 pandemic, saw its economy shrink 8.6% in the April-to-June’20 period from the previous three months. Kubal is Sweden's sole producer of primary aluminium and has a capacity of 134.000 tonnes. The Scandinavian nation’s bauxite importation during 2017-19, reflected a roller-coaster ride, as the total import recorded was 17,807 tonnes and foreign revenue expended stood at $6.50 million. The projected bauxite import for 2020 has been analysed at 7772 tonnes and expenditure to remain at $2.64 million. However, when the analysed import volume and expenditure of 2020 gets added to the existing three, it displays 25,579 tonnes...
A new way to kill COVID-19 virus on aluminium surfaces has been innovated by QUT scientists with the use of a wet-etching technique that forms random ‘nano-pillars’ proven to have both antiviral and antibacterial properties. Following the rounds of lab testing on the longevity of COVID-19 on metal surfaces, it has been found that the virus on a wet-etched surface dies in less than six hours. QUT medical devices specialist Professor Prasad Yarlagadda and virologist Professor Kirsten Spann primarily led the research and testing. The wet-etching process was tested in a lab by being applied to commercially available aluminium alloy 6063, commonly used for doorknobs and frames, window panels, and hospital and medical equipment. Professor Spann said they tested the virus that commonly causes...
