Futures: SHFE aluminium closed at RMB 22,530 per tonne, rebounding 1.1 per cent. Despite the positive close, prices remained under pressure below all key moving averages (MA5=22,727, MA60=23,633), with the medium-term bearish alignment intact. MACD indicator lines (DIF=-244.16, DEA=-188.68) operated below the zero axis, but the green bars narrowed significantly to -110.96 (previous day -150.62), indicating a marked weakening of bearish momentum and initial signs of a technical bottom divergence repair. Trading volume expanded to 101,500 lots, suggesting capital inflows at the bottom. The recommended core trading range for SHFE aluminium is 22,000-22,800. LME aluminium closed at USD 3,078.5 per tonne, surging 2.02 per cent. Prices rebounded strongly, reclaiming MA5 (3,061.5), MA10...
Novelis is advancing beverage can coating testing and research resulting from its long-standing relationship with the Georgia Institute of Technology (Georgia Tech). Researchers from Georgia Tech’s School of Chemical and Biomolecular Engineering, working in collaboration with Novelis, have developed advanced testing capabilities that significantly reduce the time required to evaluate how beverages interact with protective coatings inside aluminum cans. The new approach allows researchers to collect data throughout the testing process, providing a clearer picture of how coatings perform while reducing testing cycles from months to just weeks. For beverage makers, faster testing could mean faster decisions about packaging and ultimately help shorten the time it takes to bring new products...
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Haas Door, a manufacturer of steel and aluminium garage doors for commercial and residential purpose, based at Ohio, has added four new impact resistant glazing to its Residential Aluminum 360 range (RA360), specially designed for high-wind areas. They are available in clear, bronze, dark gray and pebble. What makes Haas’ Aluminum 360 Series garage doors suitable for windy areas is the fact that they are low-maintenance and corrosion-free for a better life-span and cost savings and offer the same without compromising on strength. "The impact resistant glazing on these garage doors also meets design pressure requirements for specific high wind areas around the country and can enhance safety,” said Jeffrey Nofziger, president of Haas Door, in a statement. The glazing series is available...
Ardagh Group has supplied its 12 oz. sleek aluminium cans for new cocktail beverages of Atomic Brands. Atomic Brands’ new Moscow Mule and Kentucky Mule products are packaged in Ardagh sleek cans. Atomic Brands has expanded its Monaco’s line of premium spirit cocktail beverages with the launch of these products. These new entries and entire Monaco line of cocktail beverages are packaged in aluminium beverage cans. "These advantages include protection from light, retaining the highest standards of ingredient integrity, as well as enjoying the best in sustainability as beverage cans are recycled at the highest rate of any other pack type, according to Ardagh Group. Don Deubler, CEO of Atomic Brands said, "Enthusiasm for craft and artisan cocktails is an exciting consumer trend. And it's our...
The Australian firm Pure Alumina Limited is planning to buy private Canadian high purity alumina (HPA) producer Polar Sapphire for $C25.7 million ($27.1 million). Polar Sapphire produces some of the lowest cost HPA at its Toronto pilot. Pure Alumina announced its plan to its investors in the beginning of December 2018 and said that that both companies were negotiating towards “agreeing to formal terms of a potential transaction” by January 2019. Polar Sapphire’s Toronto pilot plant is already generating cashflow from its HPA production. Polar’s patented process produces 99.999 per cent purity HPA. Through this acquisition, Pure Alumina plans to fast track commercial production of 99.999 per cent alumina in its production facility near Toronto by early 2020. The company has an initial...
Shanxi Chinalco Huarun will begin 125,000 tonnes primary aluminium capacity by the end of this month, a source told Shanghai Metals Market. The plant, which currently operates at an annualised capacity of 125,000 tonnes, will eventually increase its capacity in the phase-one project into 432,000 tonnes. As updated by Shanghai Metals Market, Henan Longsheng New Materials Technology has launched the construction of 80,000 tonnes capacity project on Thursday March 21 in Xuchang of Henan province, reported local media. Products from aluminium strip, sheet processing project are designed to be applied in shipbuilding and aerospace sectors among others, Shanghai Metals Market learned.
Hydro has posted another update on the progress the company made in securing safe operations across its businesses. The company says that with help of external experts and national security authorities, the in-house IT experts are working towards restoring the virus infected systems. “Experts from Microsoft and other IT security partners have flown in to aid Hydro in taking all necessary actions in a systematic way to get business critical systems back in normal operation,” says Jo De Vliegher, Head of Information Systems. “With a systematic approach our experts are step by step restoring business critical IT based functions to ensure stable production, serve our customers and limit financial impact, while always safeguarding our employee’s safety,” says CFO Eivind Kallevik. The press...
Laminazione Sottile Group and Contital have jointly announced their new venture and production start at the new company "Contital LM Turkey". The company will specialize in manufacturing aluminium food containers and rolls. The new company is equipped with 20 presses, 6 rewinders and over 90 moulds and it covers an area of approximately 6,000 square meters. The company aims to cater to the growing market demand with high product quality and service. Contital LM Turkey will widen Contital and i2r products range and the expansion is expected expand it functional and widespread market coverage. Laminazione Sottile Group’s business unit dedicated to the aluminium containers sector will now be structured into 3 companies with the addition of Contital LM Turkey: Contital srl, located in Italy,...
Daiki Aluminium Industry India, a 100 per cent subsidiary of Daiki Aluminium Industry Co. Ltd., Japan, has broken ground on a new aluminium alloy recycling plant at Sri City in Andhra Pradesh (AP), India. Daiki Aluminium Industry will make an investment of INR250 crore. The new aluminium alloy recycling plant will be built on a 20 acre plot in the Domestic Tariff Zone and is expected to be commissioned by February 2020. The plant will manufacture aluminium alloy ingots at an annual capacity of 84,000 tonne. The products will be exported to ASEAN and Japan for supply to automobile companies. Ravindra Sannareddy, Founder Managing Director, Sri City said "We are very pleased to welcome Daiki group, which is one of the world’s largest secondary aluminium production company. As Aluminium...
The Court of Appeals for the Federal Circuit issued an order on March 21 in the latest appeal regarding whether curtain wall units are included in the scope of the trade case against the Chinese aluminium extrusion industry. The case filed by Aluminum Extruders Council demanded a collection of anti-dumping and countervailing duties upon import of Chinese extrusion into the U.S. The court order says that they have not received enough evidence to prove that curtain wall units should be excluded from the Anti-Dumping (AD) and Countervailing Duty (CVD) Orders and affirms that they are within their scope. In this order the court said, “… we affirm the judgment of the Court of International Trade.” The Order excludes “finished good kits” from the tariffs and defines a “finished good kit” as a...
According to the latest data from China Customs, China’s imports of bauxite increased about 14% to stand at 9.41 million tonnes in February from 8.27 million tonnes in January. This is one of the record numbers as far as month bauxite import is concerned. Bauxite imports from Australia, Indonesia and the Republic of Guinea increased 1.26 million tonnes in February, contributing to the gains in overall imports. The three countries together exported about 5.6 million tonnes of bauxite to China in February 2019. Bauxite import by China is estimated to stand at about 89 million tonnes in 2019. China, the world's biggest aluminium producer, relies heavily on bauxite imports, bringing in around 83 million tonnes in 2018, according to China customs data. The country imported about 69 million...
Aluminium Stewardship Initiative (ASI) announced C.S. Aluminium Corporation (CSAC) has become a new Production & Transformation member of the ASI. This brings the total number of members working toward a responsible aluminium value chain to 83. CSAC is the largest manufacturer of rolled aluminium products in Taiwan. The company mainly produces high quality aluminium and zinc cast products such as aluminium plates, rolls, sheets, foil, zinc alloy ingots, zinc anodes for electroplating, and hot-dip zinc ingots. Its core competitiveness regarding quality, delivery, costs, and services will be strengthened to expand its sales and distribution channels. “It’s the great honor to join ASI as fully integrated aluminium company. Under a clear set of rules regulated by ASI, CSAC can continuously...
Stocks of 6063 aluminium billet across five major consumption areas in China declined 6,900 tonnes from a week ago to stand at 137,600 tonnes as of Thursday March 21, Shanghai Metals Market data showed. Stocks of aluminium billet extended declines this week as the upcoming tax cuts drove downstream consumers to make purchases. In Foshan, Guangdong, the billet stocks increased 400 tonnes from Thursday, March 14 to stand 92,300 tonnes, while stocks in Wuxi, Jiangsu, dropped 300 tonnes from Thursday, March 14 to stand at 20,800 tonnes. In Changzhou, Jiangsu, Huzhou, Zhejiang, and Nanchang, Jiangxi, aluminium billet stocks reduced 5,500 tonnes, 1,000 tonnes and 500 tonnes to stand at 13,500 tonnes, 4,000 tonnes and 7,000 tonnes respectively. In another update from SMM, the average price of...
The US dollar rebounded and regained most of the ground lost in the previous session, to a nearly three-day high of 96.63, as Brexit concerns weighed on the euro and sterling. Base metals ended mostly lower. LME aluminium fell 1.63% and aluminium went down 0.47%. LME aluminium fell below support from all moving averages, to a low of US$1,896 per tonne, after the US dollar rebounded. It regained part of the losses as it rose above the five-day moving average and closed at $1,903.5/mt. As the K-indicator tested support from the 40-day moving average, and the MACD red line shortened, LME aluminium is expected to trade at US$1,860-1,950 per tonne today. As on March 21, LME aluminium cash (bid) price stood at US$ 1890.50 per tonne, LME official settlement price stands at US$ 1891 per tonne;...
Alumina spot prices declined across China major markets on Friday, 22 March 2019.The average alumina spot price dropped from RMB 2704 per tonne on March 20 to RMB 2694 per tonne on March 22. Average price of Alumina-East has fallen by RMB 20 per tonne to stand at RMB 2690 per tonne; Alumina-Central is down by RMB 10 per tonne at RMB 2700 per tonne; Alumina-North is down by RMB 10 per tonne at RMB 2680 per tonne; and Alumina-South is down by RMB 10 per tonne to stand at RMB 2715 per tonne as on March 22. Alumina (Chalco) price and Imported Alumina price remain unchanged at RMB 3250 per tonne and RMB 3000 per tonne respectively. As updated by Shanghai Metals Market, A00 aluminium ingot price in China has edged higher by RMB 10 per tonne to stand at RMB 14020 per tonne today. The average...
Gas and iron ore operations on Australia’s west coast are likely to be affected by an approaching cyclone just as a severe storm in the nation’s northeast dumps heavy rain on Rio Tinto Group’s biggest bauxite mine. The tropical cyclone Veronica is taking place at 545 kilometers (339 miles) north of Port Hedland, a key export point for Western Australia’s iron ore shipments. The storm is forecast to intensify according to the Bureau of Meteorology. In response to the Bureau of Meteorology report, Rio suspended its Weipa bauxite operations after cyclone Trevor made landfall. Bauxite mining operations at the north-eastern tip of the country is likely to get severe effect of the cyclone. “Operations have been suspended at Weipa as Cyclone Trevor approaches the coast, as per standard...
The US dollar fell sharply against a basket of major currencies on Wednesday, after the Federal Reserve held US interest rates steady and its policymakers abandoned projections for further rate hikes this year as the central bank flagged an expected slowdown in the economy. LME base metals, except for aluminium, traded higher on Wednesday. SHFE aluminium crept 0.15%. The three-month LME aluminium rose to a new three-month high of RMB 1,951per tonne on Wednesday, bolstered by the report that Rio Tinto suspended operations at its bauxite mine in north Australia due to a cyclone. LME aluminium later pared those gains to close the trading day 0.26% lower at US$1,935 per tonne. Norsk Hydro reported some progress in restoring operations after it was hit by a cyber-attack. Overnight losses in...
As updated by Shanghai Metals Market, social inventories of primary aluminium across eight consumption areas in China, including SHFE warrants, came in at 1.734 million tonnes as of Thursday March 21. Stocks dropped some 20,000 tonnes from Thursday March 14. The chart below indicates the current status of the primary aluminium inventories across China: Purchasing enthusiasm among downstream consumers improved ahead of the value-added tax cuts and this accounted for the decline in social inventories of primary aluminium. Compared with last Thursday, Inventories in Wuxi, Jiangsu dropped 9,000 tonnes to stand at 619,000 tonnes, while stocks in Nanhai, Guangdong increased 7,000 tonnes to stand at 409,000 tonnes. Stocks in Shanghai dropped 2,000 tonnes to 311,000 tonnes.
A00 aluminium ingot price stood at RMB14010 per tonne on Thursday March 21, up RMB70 per tonne from RMB13940 per tonne yesterday. The average prices today are expected to range between RMB 13990 per tonne and RMB 14030 per tonne, with spot premium to settle at RMB 250-290 per tonne. Aluminium ingot price in the East Wuxi and Hangzhou increased RMB 80 per tonne and RMB 90 per tonne to stand at RMB 14040 per tonne and RMB 14060 per tonne, respectively. In the South and North, the price rose RMB 70 per tonne and RMB 160 per tonne to stand at RMB 14010 per tonne and RMB 14000 per tonne respectively. The average price of Aluminium Alloys (ADC12) increased RMB50 per tonne to RMB 14850 per tonne today on March 21 and expected to move within a range of RMB 14750 per tonne and RMB14950 per tonne....
Shanghai Metals Market found processing fees for aluminium billet in Guangdong climbed to nearly three-months high this week as traders withheld from selling cargoes to await lower value-added tax rates. As on Monday, processing fees for φ90 aluminium billet in Guangdong were offered at more than RMB 500 per tonne. Monday, March 18, was the first trading day after Premier Li Keqiang on Friday, March 15, announced lower VAT cuts from April. On Friday, the offers were heard at RMB 400 per tonne. The aluminium billet processing fees, however, did not retreat on Tuesday and Wednesday. Aside from the imminent tax cuts, lower prices of spot aluminium in Guangdong than in Shanghai also kept billet traders in the southern market away from offloading cargoes that drove the hike of processing fees...
