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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The Canadian Chamber of Commerce welcomed the US decision of withdrawal the 10% tariff recently imposed on the imports of aluminium from Canada. The Canadian Chamber of Commerce’s Senior Director of International Trade, Mark Agnew, said, “Tariffs were the wrong instrument when they were first imposed in 2018, and they remained the wrong instrument until today. Our members will welcome the announcement today that the United States government is lifting tariffs for the time being on Canadian exports. It cannot be overstated that Canadian aluminum exports posed no national security threat to the United States, and that any action under Section 232 has always been unjustified and illegal. However, the United States has not unconditionally lifted its tariffs on Canadian aluminum and continues...
According to the latest data shown by the US Geological Survey on crude and dried bauxite imports, the United States in Q2 2020 imported 834,000 tonnes, up by 8 per cent from 775,000 tonnes in the first quarter of the year. But when compared to Q2 2019, the United States' bauxite imports stood 24 per cent down from 1.03 million tonnes. The United States’ total crude and dried bauxite imports in the first half of 2020 came in at 1.61 million tonnes, down by 9.5 per cent from 1.78 million tonnes during the same period last year. Jamaica continued to be the leading exporter of crude and dried bauxite to the US in Q2 2020, supplying a higher amount than in Q1 2020. During the June quarter (Q2), Jamaica exported 666,000 tonnes of bauxite to the US compared to 554,000 tonnes in Q1. This shows...
Argentina's economy, which is one of the more powerful in the region, is dependent on services and manufacturing, although agribusiness and ranching dominated the economy for much of the 19th and 20th centuries. Aluar is the only aluminium smelter in Argentina and one of the largest in South America. The Latin American nation’s alumina import during 2017-19 reflects both growth and fall, as the import volume stood at 21,64,530 tonnes and the expenditure occurred during the phase on the alumina import remained at $866.99 million. The import for 2020 has been marked at 694,797 tonnes and the expenditure to stand at $223.66 million. However, when the import volume and expenditure for 2020 gets added to the existing three years, it denotes 28,59,327 tonnes and $1.09 billion respectively....
Nespresso commits that every cup of Nespresso coffee will be carbon neutral by 2022. The company achieved carbon neutrality in its business operations since 2017. Nespresso will now tackle emissions that occur in its supply chain and product life cycle. "Climate change is a reality and our future depends on going further and faster on our sustainability commitments. That is why we are accelerating our commitments to offer our consumers a way to drink a carbon neutral cup of coffee by 2022. A coffee, made from the finest and rarest beans, sustainably sourced. I truly believe that both our business and the coffee industry can be a force for good in the world by tackling this pressing issue," said Guillaume Le Cunff, CEO of Nespresso. Nespresso will achieve carbon neutrality through three...
Aluminium Stewardship Initiative has welcomed Crown Holdings, Inc. as a new Production and Transformation member. This brings the ASI’s total number of members working towards a more responsible aluminium value chain to 132. Crown Holdings is the US-based leading global manufacturer and supplier of metal beverage and food cans, metal aerosol containers, metal closures, and specialty packaging products to a broad range of end markets. The foundation of Crown Holdings, Inc. dates back to 125 years. It was formed with an innovation to extend shelf life of an average higher value and higher environmental footprint products while reducing waste. “Through joining ASI we are committed to partnership and working as an industry to ensure that we can better understand and reduce the impact of...
Indian mining and metal tycoon Anil Agarwal, who made a fortune acquiring, state-owned companies and revamping them, is drawing up to raise an investment fund targeting turnaround opportunities in the country, as per industry sources. The Founder and chairman of Vedanta Resources Ltd. is working with Centricus Asset Management Ltd. on the plans. They have started approaching potential investors for the proposed India Direct Investment fund, which will buy stakes in government companies being sold as part of the country’s INR 2.1 divestment program. According to the industry source, the fund will also target companies restructuring under India’s bankruptcy regime and it will look at both private and public firms. Agarwal and London-based Centricus plan to contribute as much as 10% of the...
DecoDeck, the timber-look aluminium decking system from Deco Australia, has bagged an award at the 2020 Australian Good Design Awards in the category Product Design Hardware and Building. The Good Design Awards represents Australia’s most renowned annual international awards programme for design and innovation, acknowledging the best new products in the market. A team of jury evaluates entries based on designs, innovative features, and impact on target audience. DecoDeck is a powder-coated aluminium decking system but gives an appearance and feel of natural timber. As made up of aluminium, this decking system eliminates common issues associated with natural timber caused by exposure to salt, sun, and moisture. It requires no ongoing maintenance and retains its stunning appearance even in...
HEINEKEN has launched new Hard Seltzer brand “Pure Piraña” in Mexico and New Zealand in 330ml can. It comes with a choice of up to nine different flavours. Pure Piraña is aimed at a modern generation of consumers who are increasingly conscious of their consumption habits and lifestyle choices. “Innovation is embedded in everything we do at HEINEKEN, which is why we continuously use our expertise to create new and exciting taste experiences for consumers. We are seeing more and more people look for a low-calorie alcoholic alternative and the result is the rapid growth of the Hard Seltzer category. The launch of Pure Piraña offers a way for us to meet customers’ evolving needs and explore a new growth opportunity for our business,” Jan Derck van Karnebeek, chief commercial officer at...
Vedanta has reduced its aluminium ingot price today after hiking the price of the same products by INR 2,000 per tonne on Wednesday. With effect from Friday, 18 September 2020, the prices of some aluminium ingots are in the range of INR 146,500-159,500 per tonne, marking a decline of INR 1,250 per tonne from INR 147,750-160,750 per tonne on Wednesday, 16 September 2020. With the latest decline, Vedanta’ billet now stands at INR 154,500 per tonne on September 18. That was down INR 1,250 per tonne from INR 155,750 per tonne on September 16. 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 due to slower global demand following the coronavirus outbreak....
Three-month LME aluminium closed 0.67% lower on Thursday. The price settled at US$1,781 per tonne on Thursday. As of Thursday September 17, LME aluminium cash (bid) price stands at US$ 1743.50 per tonne, LME official settlement price stands at US$ 1743.50 per tonne; 3-months bid price stands at US$ 1783 per tonne, 3-months offer price is US$ 1783 per tonne; Dec 21 bid price stands at US$ 1859.50 per tonne, and Dec 21 offer price stands at US$ 1859.50 per tonne. The LME aluminium opening stock stood at 1506425 tonnes. Live Warrants totalled 1251175 tonnes, and Cancelled Warrants were 255250 tonnes. LME aluminium 3-months Asian Reference Price is hovering at US$ 1782.59 per tonne. SHFE Aluminium Price Trend Benchmark aluminium price for SHFE increased to stand at US$ 2160 per tonne on...
The week-on-week decline in primary aluminium ingots inventories by 24,000 tonnes on Thursday, September 17, has led to a sharp growth in A00 aluminium ingot price on Friday, September 18, found the Shanghai Metals Market. Following a downfall from RMB 14,680 per tonne to RMB 14,590 per tonne on Thursday, the price today has recorded an increase of RMB 190 per tonne to close at RMB 14,780 per tonne, according to SMM data. The average prices are expected to range between RMB 14,760 per tonne and RMB 14,800 per tonne, with spot contract to be traded at a premium price of RMB 110-150 per tonne. Foshan has seen the highest growth in A00 aluminium ingot price today by RMB 220 per tonne to stand at RMB 14,990 per tonne. In Gongyi, the price has increased by RMB 210 per tonne to RMB 14,720 per...
Gränges has inked an agreement for the acquisition of the remaining 49 per cent of the shares in GETEK GmbH as well as the business Dispal® for EUR 8.5 million from Erbslöh Aluminium GmbH. The deal includes assets, intellectual properties and trademark Dispal®. “GETEK and Dispal® adds new capabilities and capacity to expand Gränges’ offering of advanced aluminium materials within current and new customer segments. The acquisition will provide Gränges with capabilities for and give access to the fast-growing market for additive manufacturing powder materials. It is a good strategic fit for Gränges and enhances our platform for sustainable profitable growth,” said Johan Menckel, CEO of Gränges AB. The GETEK acquisition is expected to be completed in the fourth quarter 2020 and the...
According to Shanghai Metals Market, stocks of 6063 aluminium billet across five major consumption areas in China increased 4,000 tonnes from last week. Higher arrivals at warehouses accounted for the increase in aluminium billet stocks. Aluminium billet inventories came in at 67,600 tonne as of Thursday, 17 September 2020. Compared to last week, in Wuxi, Changzhou and Huzhou, the billet stocks dropped by 150 tonnes, 1,750 tonnes and 1,000 tonnes to stand at 12,700 tonnes, 8,810 tonnes and 9,000 tonne on Thursday, 17 September 2020. But the stocks in Foshan registered a hike of 2,800 tonnes from last Thursday. The stocks now stood at 19,800 tonnes. The inventories of aluminium billets in Nanchang increased from 13,200 tonnes to 17,300 today. That marks a growth of 4,100 tonnes. Note to...
China Hongqiao Group Limited has initiated the first phase of production at a greener aluminium plant in the southwestern province of Yunnan, cutting its reliance on coal-fired power. The news came after a Hongqiao affiliate said this on Thursday, September 17. Hongqiao has been smelting aluminium in the city of Binzhou in Shandong using coal-fired power, but now the move to Yunnan will allow the company to swap coal for cleaner hydropower. The greener aluminium plant is located at Wenshan prefecture, having an annual capacity of 2.03 million tonnes. Hongqiao aims to move about one-third of its aluminium capacity out of Shandong province to the hydropower-rich Yunnan province. The construction of this plant, led by Shandong Weiqiao Pioneering Group, was started in December last year with...
According to the latest data shown by the US Geological Survey, Canada exported 157,000 tonnes of aluminium scrap to the United States in the first half of 2020 compared to 190,000 tonnes during the same period last year. This means Canada’s aluminium scrap exports to the US dwindled by 17.37 per cent year-on-year in H1 2020. In the second quarter of the year, Canada exported 67,400 tonnes of aluminium scrap to the US in comparison to only 17,000 tonnes in the first quarter. Exports surged in the second quarter due to the hit on domestic demand by the COVID-19 pandemic, while the production across Canadian smelters remained stable. Hike in exports led to the US government’s decision to re-impose the additional 10 per cent tariffs on Canadian aluminium imports in mid-August 2020. Trump...
"Honestly, we knew from the start that it was invalid", reacts the President of the National Union of Aluminum Employees of Baie-Comeau, Michel Desbiens, following the decision of the United States to finally withdraw the imposition of tariffs on Canadian aluminium exports. Michel Desbiens said: “The news reassures the union and happy with the outcome. Even if he indicates that the 10% surtax imposed since mid-August did not have time to hurt the Alcoa aluminium smelter in Baie-Comeau, the situation could easily have been different over time.” "When you pay a tax, you certainly have less capital to invest", specifies the one who feared the repercussions on the long-term investments in the plant. The president of the union, which represents some 700 members, is optimistic that the...
According to the Shanghai Metals Market, social inventories of primary aluminium ingots in China have shrunk by 24,000 tonnes this week ending on Thursday, September 17. The inventories have dwindled across eight major consumption areas in China, including SHFE warrants, to stand at 740,000 tonnes, as of September 17. Primary aluminium inventories have declined this week after two consecutive weeks of increase. On last Thursday, September 10, primary aluminium inventories grew by 3,000 tonnes week-on-week to come in at 764,000 tonnes. The chart below indicates the current status of primary aluminium inventories across China in more details: Primary aluminium inventories downfall today has touched upon Nanhai, Gongyi, Tianjin, Hangzhou, and Chongqing. In Nanhai and Gongyi, the inventories...
PepsiCo Inc. has expanded its portfolio with the addition of new range. The company will launch a new canned drink “Driftwell” to help consumers relax and fall asleep. Driftwell comes in 7.5-ounce mini-cans. “Relaxation and dealing with stress is a lifestyle shift,” PepsiCo said. “While PepsiCo ultimately envisions relaxation beverages owning a space similar to the energy category today, how that grows will largely depend on how consumers look for them and the brands’ ability to react to that shopping behaviour.” The drink will be available in online later this year and in stores in early 2021. It contains L-theanine, an amino acid commonly found in tea leaves and 10% of the daily value of magnesium. Driftwell comes with a flavour of blackberry and lavender. “We started this project...
