AlCircle News Edited By "Debanjali Sengupta"
Debanjali Sengupta is a passionate content writer with 10 years of experience in Business writing, Web Content writing, Blogging, Editing and Research. She is responsible for generating and editing content for AlCircle Newsletter and other online and offline content for enhancing the brand value and its visibility among global users.
AEROBOL indicates a 1.2% drop in 2021 aluminium aerosol cans shipments on weaker demand in EU & UK
AEROBAL, the international organisation representing aluminium aerosol cansmanufacturers, has reported a drop of 1.2 per cent in global aluminium aerosol container shipments to its members to around 5.6 billion units in 2021. As per the analysis, reduced demand in Europe was the main cause for the decline in shipments. However, in 2021, consumers for aluminium aerosol cans showed some variation compared to the previous year. Shipments to the end-use like hair mousses, shaving foams, and food markets reportedly doubled in some cases. But sales to the end-use like hair spray, sun care, pharmaceutical, disinfectant, household, and technical products recorded weaker, based on AEROBAL data. The organisation has reported that shipments to its main end-use industry – deodorants – stood majorly...
Hindalco’s aluminium wire rod & billets prices witness a rise of INR14750/t as LME price nears US$4000/t
Hindalco Industries Limited has continued to hike its aluminium products and aluminium ingot prices, with effect from Tuesday, March 8, in line with the rally of LME aluminium price close to US$4,000 per tonne. Aluminium wire rod selling price of the company has seen a raise of INR 14,750 per tonne from INR 343,600 per tonne on March 5 to INR 358,350 per tonne on March 8, 2022. Hindalco’s aluminium billets price has also seen an increase of INR 14,750 per tonne on March 8 to come in at INR 361,350 per tonne. On Saturday, March 5, aluminium billets price was at INR 346,600 per tonne, after being lifted by INR 11,750 from the previous day. The company has hiked its aluminium ingot price to INR 347,250 per tonne as of March 8 versus INR 332,500 per tonne on March 5. Hindalco links its...
A00 aluminium ingot price plummets by RMB1140/t on lower downstream purchases
A00 aluminium ingot price in China has nosedived by RMB 1,140 per tonne on Tuesday, March 8, to come in at RMB 22,720 per tonne, found the Shanghai Metals Market, attributable to lower willingness of downstream purchases in the domestic market. The average prices are expected to range between RMB 22,700 per tonne and RMB 22,740 per tonne, with spot contract to be traded at a premium price of RMB 80-40 per tonne. In Foshan, A00 aluminium ingot price has plummeted by RMB 1,170 per tonne to stand at RMB 22,690 per tonne, followed by the plunge of RMB 1,140 per tonne in Wuxi and Hangzhou to RMB 22,710 per tonne and RMB 22,720 per tonne, respectively. In Chongqing and Shenyang, primary aluminium ingot price has shrunk by RMB 1,130 per tonne and RMB 1,080 per tonne, respectively, to close at...
Ball Corporation begins to construct UK’s largest aluminium can production facility in Kettering
Ball Corporation, a leading US-based can producer, has begun constructing the UK’s largest aluminium can production facility in Kettering in response to the increased demand for cans as an alternative to plastic. The company reported the plant is set for completion in January 2023, aiming at meeting accelerating demand for infinitely recyclable aluminium drink cans. The plant will be built across 56,000 square metres, with space to expand production capacity later. In the first year, the facility will produce over one billion fully-recyclable cans, generating 200 local jobs. Carey Causey, Ball Beverage Packaging Europe, Middle East, Africa and Asia (EMEA) president, said: “As environmental awareness increases, consumers are insisting on more sustainable drinks packaging. This new...
India’s aluminium scrap imports from US record quarterly growth of 18% in 4Q2021 despite M-o-M downfall during Oct.-Dec.
India’s aluminium scrap imports from the United States in December 2021 edged a downfall of 6,600 tonnes or 13.50 per cent month-on-moth to stand at 42,300 tonnes, found the US census bureau data. In November, India’s aluminium scrap imports were at 48,900 tonnes from the US, down by 13.30 per cent from 56,400 tonnes in October. However, India’s total aluminium scrap imports from the US in the fourth quarter of 2021 witnessed a quarter-on-quarter growth of 17.61 per cent to 147,600 tonnes. In Q3 2021, India’s aluminium scrap imports from the US were at 125,500 tonnes, up by 42.61 per cent from 88,000 tonnes in Q2 2021. On a year-on-year calculation, India’s aluminium scrap imports from the US in December 2021 recorded a hike of 38.24 per cent from 30,600 tonnes. In full-year 2021, India...
Supply disruption fear continues to lift LME aluminium price exponentially to US$3851/t; SHFE price underperforms LME at US$3774/t
Three-month LME aluminium opened at US$3,765 per tonne last Friday and hit a high of US$3,867 per tonne before closing at US$3,840.50 per tonne, an increase of $74 per tonne or 1.96 per cent. On Friday, March 4, LME aluminium benchmark prices continued to rise exponentially to exceed US$3,800 per tonne, driven by the on-going fear of supply disruption due to sanctions on major producer Russia. While LME aluminium cash bid price surged by US$122 per tonne to stand at US$3,850 per tonne, LME aluminium official settlement price soared by US$122.50 per tonne to come in at US$3,851 per tonne. 3-month bid price and 3-month offer price expanded by US$115.50 per tonne and US$116 per tonne, respectively, to close at US$3,819 per tonne and US$3,820 per tonne. December 23 bid price and December 23...
Primary Aluminium Weekly Recap: LME aluminium price stands all-time high at $3728.50/t; EGA books record profit of $1.5 billion for 2021
Supply disruptions, high logistical costs driven by Russia-Ukraine conflict and several international sanctions on Russia were some of the concerns in the global primary aluminium market, resulting in rallied metal prices. Starting the week on February 28 at US$3,450 per tonne, LME aluminium benchmark price surged through the week to stand at an all-time high of US$3,728.50 per tonne. 3-month bid price and 3-month offer price closed the week higher at US$3,703.50 per tonne and US$3,704 per tonne, respectively. To know more: https://www.alcircle.com/news/lme-aluminium-hits-all-time-high-at-us3728-50-t-amidst-supply-woes-shfe-price-descends-by-us6-t-76766 Alcoa’s chief financial officer Willian Oplinger also predicted this week that aluminum prices would continue to inflate while alumina...
Hindalco’s aluminium ingot price mounts to INR320750/t with effect from March 4
Hindalco Industries Limited yet again increased its aluminium ingot and aluminium products prices significantly, with effect from Friday, March 4, in line with the LME aluminium price hike to an all-time high on rising fear of supply disruptions. Hindalco’s aluminium ingot price experienced a surge of INR 10,000 per tonne or 3.22 per cent to INR 320,750 per tonne from INR 310,750 per tonne on March 3. Hindalco Industries grew its aluminium wire rod price also by INR 10,000 per tonne to INR 331,850 per tonne, with effect from March 4. On Thursday, March 3, the price stood at INR 321,850 per tonne, seeing a rise of INR 13,750 per tonne from the previous day. The company’s aluminium billets price came in at INR 334,850 per tonne versus INR 324,850 per tonne on March 3. Hindalco links its...
Alumina production in Europe (incl. Russia) records a dip of 3,000 tonnes M-o-M in January 22
In January 2022, alumina production in Europe (incl. Russia) recorded a downfall of 3,000 tonnes or 0.34 per cent month-on-month to stand at 885,000 tonnes, found the International Aluminium Institute. In December 2021, alumina output in Europe amounted to 888,000 tonnes, up by 50,000 tonnes from 838,000 tonnes in November. On a year-on-year calculation as well, alumina production in Europe (incl. Russia) in January 2022 stood lower by 4,000 tonnes or 0.45 per cent from 889,000 tonnes. In the last quarter of 2021, alumina production in Europe (incl. Russia) totalled 2.598 million tonnes, down by 1.85 per cent from 2.647 million tonnes in the previous quarter. World alumina production in January 2022 stood at 11.569 million tonnes, 0.13 per cent lower than 11.584 million tonnes in December...
Hindalco’s aluminium foil manufacturing plant in Mouda bags ASI Performance Standard certification
Aluminium Stewardship Initiative has certified Hindalco’s Mouda aluminium plant near Nagpur, Maharashtra, against the Performance Standard for sustainable and responsible casting and rolling operations and sourcing and stewardship of aluminium. Hindalco’s Mouda aluminium plant manufactures diversified foil products, which account for 30 per cent of pharmaceutical foil in the country. It is the first operation of its kind to achieve ASI Performance Standard Certification in India. Foils produced at the plant are primarily used for sensitive medicines that cannot be packed with plastic film barriers. On receiving the certification, Mr. Arun Kumar B., Senior President & Head – Downstream Business, Hindalco Industries, said: “Hindalco has been ranked the world’s most sustainable aluminium...
China’s alumina price declines for the eighth day in a row to RMB2981/t; A00 aluminium ingot price shrinks by RMB100/t on inventory rise
According to the Shanghai Metals Market, the average alumina spot price in China has continued to decline by RMB 39 per tonne to stand at RMB 2,981 per tonne on Friday, March 4. This marks the eighth consecutive day of fall since February 22. In Henan, alumina spot price has slipped by RMB 45 per tonne to come in at RMB 3,000 per tonne on March 4, followed by the decrease of RMB 40 per tonne in Guizhou to RMB 2,980 per tonne. In Guangxi and Shanxi, alumina price has shrunk by RMB 35 per tonne to RMB 2,965 per tonne, while the price in Shandong has dropped by RMB 25 per tonne to close at RMB 2,975 per tonne. However, the Australian alumina FOB price has increased by US$8 per tonne, marking the third day of rise in a row, to settle at US$460 per tonne. A00 aluminium ingot price has also...
China’s primary aluminium inventories build up by 21000 tonnes W-o-W to total 1.12 million tonnes
According to the Shanghai Metals Market, social inventories of primary aluminium have continued to grow week-on-week to total 1.12 million tonnes. This week, as of March 3, the inventories have grown by 21,000 tonnes from 1.1 million tonnes on last Thursday across eight major consumption areas, including SHFE warrants. In the spot market, smelters and traders had a strong willingness to ship goods, but high aluminium prices and the slow recovery of consumption suppressed downstream purchases. But next week, the inventories are expected to grow very slightly, with eyes on arrivals and consumption recovery. The chart below indicates the current status of primary aluminium inventories across China in more details: In Wuxi, primary aluminium inventories have surged by 23,000 tonnes from the...
NALCO’s aluminium ingot price continues to grow to range between INR309,250-312,750/t w.e.f. March 1
National Aluminium Company Limited (NALCO) has hiked its aluminium ingot and aluminium products prices for the fourth time in a row, with effect from March 1, 2022, in line with the LME aluminium price surge as an effect of several international sanctions on major producer Rusal. NALCO has increased its aluminium ingot price by INR 8,800 per tonne or 2.93 per cent to INR 309,250-312,750 per tonne. On February 25, the price saw the last rise of INR 20,000 per tonne to INR 300,450- 303,950 per tonne. With effect from March 1, NALCO’s aluminium wire rod price also saw an increase of INR 8,800 per tonne to INR 311750-316,100 per tonne from INR 302,950- 307,300 per tonne on February 25. Aluminium billets price came in at INR 312,700-315,350 per tonne versus INR 303,900- 306,550 per tonne on...
United States’ primary aluminium production in 2021 shrinks 12% to 889,000 tonnes; but output in December records 5% growth
Domestic primary aluminium production in the United States in December 2021 stood at 79,000 tonnes, an increase of 4,000 tonnes or 5.33 per cent month-on-month, showed the US Census Bureau’s recently reported data. In November 2021, the United States’ primary aluminium output was 75,000 tonnes, down by 1,000 tonnes from the previous month. Hence, the total production the last quarter of the year ended December 31 amounted to 230,000 tonnes. On a year-on-year calculation, domestic primary aluminium production in the US in December 2021 stood 2,000 tonnes or 2.6 per cent higher than 77,000 tonnes. The average daily production in December 2021 was 2,560 tonnes in comparison with 2,510 tonnes in November 2021 and 2,480 tonnes in December 2020. In full-year 2021, the United States domestic...
Hindalco Industries Ltd. expands its aluminium billets & wire rod prices by INR13750/t with effect from March 3
Hindalco Industries Limited’s aluminium products and aluminium ingot prices have witnessed a surge yet again in line with the LME aluminium benchmark price rally as investors’ fear has heightened concerning tight metal shipments and logistic costs due to several sanctions on major producer Russia. With effect from March 3, 2022, Hindalco has hiked its aluminium billets price by INR 13,750 per tonne or 4.42 per cent to INR 324,850 per tonne from INR 311,100 per tonne on March 1. The recent raise has brought the company’s aluminium wire rod price to INR 321,850 per tonne, also up by INR 13,750 per tonne from INR 308,100 per tonne. Hindalco’s aluminium ingot price has come in at INR 310,750 per tonne, with effect from March 3, versus INR 297,000 per tonne on the previous day. Hindalco links...
LME aluminium price spurts to a fresh high at $3605/t on fear of logistical challenges; SHFE price mounts to $3740/t
Three-month LME aluminium opened at US$3,487 per tonne on Wednesday, March 2, and closed at US$3,576 per tonne, an increase of US$90 per tonne or 2.58 per cent. Much to the anticipation of market analysts, including Alcoa’s chief financial officer Willian Oplinger, LME aluminium prices jumped to a fresh record peak on investors’ fear of logistical challenges that may block metal supplies due to tough sanctions on Russia. Importers may soon face higher transports costs and severe delays in shipments. On March 2, both LME aluminium cash (bid) price and LME official settlement price soared by US$109.50 per tonne to stand at US$3,604.50 per tonne and US$3,605 per tonne, respectively. 3-month bid price and 3-month offer price surged by US$106 per tonne to come in at US$3,568 per tonne and...
Alumina production in Africa & Asia (ex-China) edges a fall of 1.46% M-o-M to 1.149 MT during January 2022
In January 2022, alumina production in Africa & Asia (ex-China) stood at 1.149 million tonnes, reflecting a month-on-month downfall of 1.46 per cent, found the International Aluminium Institute. In December 2021, the output was at 1.166 million tonnes in Africa & Asia (ex-China), up by 4.68 per cent from 1.114 million tonnes in November. On a year-on-year calculation, Africa & Asia’s (ex-China) alumina production in January 2022 stood 9.95 per cent higher than 1.045 million tonnes. In the last quarter of 2021, alumina output in Africa & Asia (ex-China) came in at 3.370 million tonnes, up by 0.60 per cent from 3.350 million tonnes in the September quarter. In full-year 2021, Africa & Asia’s (ex-China) alumina production totalled 13.174 million tonnes, 6.28 per cent more than 12.395 million...
Irish Government to help Aughinish Alumina to enable it to continue operations amid sanctions on Russia
Simon Coveney, Minister for Foreign Affairs in Ireland, has reportedly said that he is willing to work with management of the Aughinish Alumina refinery in Askeaton to mitigate the impact of sanctions on Russia for its invasion of Ukraine. Mr Coveney has asked the European Commission to consider a package of supports for EU countries, which are likely to be affected by sanctions and counter sanctions by Russia. He said there was “an overwhelming view now that we shouldn’t be holding back, even though this will have knock-on implications and some unintended consequences”. The Foreign Affairs minister said all this after Tánaiste Leo Varadkar met management at the refinery last week and told them the Government would render its support to help continuing the operations. Meanwhile, Russian...
