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.
LME aluminium price settles higher at US$2554/t; SHFE price grows by RMB28/t to US$2951/t
Three-month LME aluminium opened at US$2,563.50 per tonne on November 10 and closed at US$2,548 per tonne, an increase of 0.62 per cent. On Wednesday, November 10, LME aluminium cash (bid) price and LME official settlement price decreased by US$28 per tonne to settle at US$2,553 per tonne and US$2,554 per tonne, respectively. 3-month bid price and 3-month offer price stood at US$2,573 per tonne and US$2,575 per tonne, while December 22 bid price and December 22 offer price totalled US$2,545 per tonne and US$2,550 per tonne. LME aluminium opening stock on November 10 came in at 991375 tonnes. Live warrants closed at 599925 tonnes, while cancelled warrants settled at 385700 tonnes. LME aluminium 3-month Asian Reference Price stood at US$2,576.61 per tonne on November 10. SHFE Aluminium...
A00 aluminium ingot price in China records a hike of RMB290/t to RMB18800/t; Aluminium alloys (ADC12) price gains RMB50/t
A00 aluminium ingot price in China has increased by RMB 290 per tonne to stand at RMB 18,800 per tonne on Thursday, November 11, following a plunge of RMB 440 per tonne on the previous day. SMM data shows the average prices are expected to range between RMB 18,780 per tonne and RMB 18,820 per tonne, with spot contract to be traded at a premium price of RMB 120-80 per tonne. In Hangzhou, A00 aluminium ingot price has climbed by RMB 520 per tonne to stand above RMB 19,000 per tonne, while the price in Wuxi has surged by RMB 500 per tonne to peg at RMB 18,990 per tonne on November 11. In Gongyi, the primary aluminium ingot price has increased by RMB 320 per tonne to come in at RMB 18,800 per tonne, followed by the hike of RMB 285 per tonne in Chongqing and Shenyang to RMB 18,850 per tonne...
Vedanta’s aluminium ingot price hovers around INR224000-237000/t on November 10, 2021
Vedanta Limited is selling its aluminium ingot price at INR 224,000-237,000 per tonne as of November 10, 2021. Among aluminium products prices, the company’s aluminium wire rod price has come in at INR 231,500- 239,000 per tonne, while aluminium billets price is standing at INR 232,000 per tonne. Like any other Indian aluminium producers, Vedanta Limited links its aluminium products and aluminium ingot prices to the three month futures of aluminium on the London Metal Exchange. On November 9, 2021, the LME aluminium benchmark price grew for the second day in a row by US$51.50 per tonne to come in at US$2,582 per tonne. On a month-on-month calculation, the price stood nearly 11 per cent lower than US$2,902 per tonne. Vedanta’s aluminium business typically accounts for one-third of the...
India’s aluminium scrap imports from US grow for the second straight month by 33% to 45,300 tonnes in August’21
India’s aluminium scrap imports from the United States reflected a hike for the second month in a row in August 2021, found the US Census Bureau. According to the data, India imported 45,300 tonnes of aluminium scrap from the US in the said month, up by 11,200 tonnes or 32.84 per cent month-on-month. In July, India’s aluminium scrap imports from the US grew 21.35 per cent from 28,100 tonnes in June to 34,100 tonnes. On a year-on-year calculation, India’s aluminium scrap imports from the US in August 2021 stood 67.8 per cent higher than 27,000 tonnes. India stood as the second-largest importer of aluminium scrap from the US after Malaysia. From January to August, the country imported 248,000 tonnes of aluminium scrap in total versus 172,000 tonnes a year ago. That was an increase of 44.19...
China’s primary aluminium production reflects M-o-M increase of 1.6% to 3.16 million tonnes for October 2021
In October 2021, China’s primary aluminium production reflected a month-on-month increase of 1.61 per cent from 3.11 million tonnes to 3.16 million tonnes, found the Shanghai Metals Market. But on a year-on-year basis, the output stood down by 2.55 per cent from 3.25 million tonnes. SMM data showed the daily output in October averaged 102,000 tonnes, which was 1.64 per cent less than 103,700 tonnes in the previous month. This downfall could be attributed to the fall in operating capacities in Shanxi, Henan, and Guizhou due to power rationing and production restriction in the winter heating season. No existing capacity was resumed nor were any new capacities put into production. From January to October 2021, China churned out 32.24 million tonnes of primary aluminium in total, an increase...
Average alumina spot price in China nosedives by RMB110/t to RMB3768/t; A00 aluminium ingot price shrinks to RMB18510/t
The average alumina spot price in China has decreased for the second day in a row on Wednesday, November 10. According to the Shanghai Metals Market, the price has plummeted by RMB 110 per tonne to come in at RMB 3,768 per tonne. In Shanxi, alumina spot price has seen a steep fall of RMB 175 per tonne to stand at RMB 3,725 per tonne, followed by the decline of RMB 75 per tonne in Henan to settle at RMB 3,825 per tonne. In Guizhou and Guangxi, alumina price has slipped by RMB 25 per tonne to stand at RMB 3,750 per tonne and RMB 3,725 per tonne, respectively. The Australian alumina FOB price has recorded a plunge of US$30 per tonne on November 10 to stand at US$405 per tonne, following restraints since November 3, learned SMM. China’s A00 aluminium ingot price has also registered a downfall...
LME aluminium price continues to grow to settle at US$2582/t; SHFE price shrinks by US$58/t to US$2923/t
Three-month LME aluminium opened at US$2,602.50 per tonne yesterday and closed at US$2,562 per tonne, a decrease of 1.46 per cent. On Tuesday, November 9, LME aluminium cash (bid) price grew by US$51 per tonne to come in at US$2,581 per tonne, while LME official settlement price increased by US$51.50 per tonne to settle at US$2,582 per tonne. 3-month bid price and 3-month offer price stood at US$2,600 per tonne and US$2,601 per tonne, respectively. December 22 bid price and December 22 offer price totalled US$2,578 per tonne and US$2,583 per tonne. LME aluminium opening stock on November 9 continued to decline to 991375 tonnes. Live warrants slumped to 599925 tonnes, while cancelled warrants climbed to 391450 tonnes. LME aluminium 3-month Asian Reference Price stood at US$2,587 per tonne...
China’s alumina production in October 2021 records a 1.45% rise M-o-M to 6.29 million tonnes: SMM
Shanghai Metals Market data showed China’s alumina production in October 2021 came in at 6.29 million tonnes, including 6.05 million tonnes of metallurgical grade alumina. On a month-on-month calculation, the output edged 1.45 per cent higher than 6.20 million tonnes, while on a year-on-year basis up by 2.11 per cent from 6.16 million tonnes. The daily average metallurgical grade alumina production in China was 195,200 tonnes, 2.2 per cent less than 199,500 tonnes in September 2021 but 1.8 per cent more than 192,000 tonnes in October 2020. From January to October 2021, China produced 59.70 million tonnes of metallurgical grade alumina in total, which reflected an increase of 7.1 per cent from 55.74 million tonnes during the corresponding period last year. China’s net imports of alumina in...
Hindalco Industries Limited sharply cuts its aluminium billets price by more than INR15000/t on November 9
Hindalco Industries Limited has sharply cut its aluminium products prices, with effect from Tuesday, November 9, following the last hike on November 4. Hindalco’s aluminium billets price has witnessed a slash of INR 15,500 per tonne or 6.29 per cent to INR 230,850 per tonne. On November 4, the price stood at INR 246,350 per tonne, climbing by INR 1,500 per tonne from the previous day. Hindalco’s aluminium wire rod price has come in at INR 231,350 per tonne, also down by INR 15,500 per tonne from INR 246,850 per tonne on November 4. The company’s aluminium ingot price is currently being sold at INR 220,250 per tonne versus INR 235,750 per tonne last week. Hindalco Industries Limited links its aluminium ingot and aluminium products prices to the three-month futures of aluminium on the...
Alcoa announces ‘Technology Roadmap’ for aluminium industry, includes ASTRAEA and ELYSIS
On Monday, November 8, Alcoa Corporation disclosed a technology roadmap for the aluminium industry to achieve a sustainable future, attaining net-zero greenhouse gas emissions by 2050 across global operations. The list of technologies included a new, proprietary post-consumer scrap recycling process and processes to design a refinery that lowers capital intensity, eliminates carbon emissions, and addresses other industry challenges. “Our technology roadmap represents an array of next-generation solutions that could significantly reduce emissions across the upstream value chain and concurrently generate significant stockholder value,” said Alcoa President and CEO Roy Harvey. “Our Refinery of the Future design and the ELYSIS zero carbon smelting technology, as just two examples, not only...
Primary aluminium production in US shows 9% Y-o-Y downfall to 73,000 tonnes in August 2021
Domestic primary aluminium production in the United States in August 2021 stood at 73,000 tonnes, essentially unchanged from July 2021 but down year-on-year by 7,000 tonnes or 8.75 per cent from 80,000 tonnes, showed the latest data revealed by the US Census Bureau. The average daily production in August 2021 also remained the same as in the previous month at 2,360 tonnes but reflected a downfall of 9 per cent from 2,580 tonnes a year ago. Total aluminium recovered from scrap in August was 267,000 tonnes, 1,000 tonnes less than 268,000 tonnes in July and 3,000 tonnes less than 270,000 tonnes in August 2020. Of this, 142,000 tonnes of aluminium was recovered from new scrap and 125,000 tonnes from old scrap. In August 2021, the average US spot market price of primary aluminium ingot was...
Alumina spot price in China slips by RMB48/t to RMB3878/t; A00 aluminium ingot price settles higher at RMB18950/t
The average alumina spot price in China has declined by RMB 48 per tonne on Tuesday, November 9, following restraint on the previous day at RMB 3,926 per tonne. According to the Shanghai Metals Market, the downfall today has brought the alumina price to RMB 3,878 per tonne. In Shandong, alumina price has plunged by RMB 85 per tonne to stand at RMB 3,840 per tonne, while the price in Henan and Shanxi has decreased by RMB 50 per tonne to come in at RMB 3,900 per tonne. In Guizhou and Guangxi, alumina price has slipped by RMB 25 per tonne to peg at RMB 3,775 per tonne and RMB 3,750 per tonne, respectively. On the other hand, A00 aluminium ingot price has grown by RMB 90 per tonne to settle at RMB 18,950 per tonne on November 9, found SMM. The average prices are expected to range between RMB...
LME aluminium price settles 1.61% higher at US$2530.50/t; SHFE price gains US$10/t to US$2981/t
Three-month LME aluminium contract rose 1.76 per cent to settle at US$2,600 per tonne on Monday, November 8. On Monday, November 8, LME aluminium cash (bid) price and LME official settlement price increased by US$40 per tonne or 1.61 percent to stand at US$2,530 per tonne and US$2,530.50 per tonne, respectively. 3-month bid price and 3-month offer price came in at US$2,557 per tonne and US$2,558 per tonne. December 22 bid price and December 22 offer price settled at US$2,542 per tonne and US$2,547 per tonne. LME aluminium opening stock on November 8 further decreased to 1000375 tonnes. Live warrants remained at 621850 tonnes, while cancelled warrants slumped to 378525 tonnes. LME aluminium 3-month Asian Reference Price stood at US$2,558.48 per tonne on November 8. SHFE Aluminium Price...
ASI certifies aluminium packaging company Aluflexpack against Performance Standard & Chain of Custody Standard Certifications
The Aluminium Stewardship Initiative has certified Aluflexpack, one of the leading international manufacturers of outstanding flexible packaging, against both the Performance Standard Certification and Chain of Custody Standard Certification. Aluflexpack Novi d.o.o. production plant in Drniš, Croatia, has achieved dual Performance Standard and Chain of Custody Standard Certifications, while its Process Point Service AG site in Einsiedeln, Switzerland, has bagged Chain of Custody Certification. Aluflexpack Novi plant laminates, lacquers, extrudes, prints, slits, embosses, lasers, punches and forms aluminium into flexible packaging. Process Point Service plant develops and produces semi-rigid aluminium compound containers and lids. Fiona Solomon, Chief Executive Officer at ASI, said: “ASI...
Alpha HPA purchases 9.2 hectares site in Gladstone to build $300 million high purity alumina plant
Alpha HPA Limited has reportedly purchased a 9.2 hectares site Gladstone, Queensland, to develop a $300 million high purity alumina industrial plant. Premier of Queensland Annastacia Palaszczuk said the main objective behind building this plant is to create more jobs in varied industries and support economic recovery. “Supporting projects like this means more opportunities for secure, high-skilled jobs across Queensland,” the Premier said. Glenn Butcher, Minister of Regional Development and Manufacturing, Minister of Water, and Member of Gladstone, said the extensive infrastructure and port facilities in the Gladstone region and also skilled workforce have attracted Alpha HPA to the region. “Gladstone is a world-best location for existing industries with a proven track record of growing...
China’s A00 aluminium ingot price builds-up RMB210/t to open the week at RMB18860/t; Aluminium alloy(A356) price gains RMB100/t
A00 aluminium ingot price in China has increased by RMB 210 per tonne on Monday, November 8, following a sharp downfall of RMB 1,300 per tonne on Friday, November 5. According to the Shanghai Metals Market, the primary aluminium ingot price has come in at RMB 18,860 per tonne, with average prices likely to range between RMB 18,840 per tonne and RMB 18,880 per tonne. The spot contract is estimated to be traded at a premium price of RMB 80-40 per tonne. In Wuxi and Foshan, A00 aluminium ingot price has hiked by RMB 215 per tonne and RMB 210 per tonne to stand at RMB 18,845 per tonne and RMB 18,950 per tonne, respectively. A00 aluminium ingot price is also standing at RMB 18,845 per tonne in Hangzhou but by declining RMB 205 per tonne. In Tianjin and Chongqing, the primary aluminium ingot...
NALCO reports a steep fall of aluminium ingot selling price to INR216150-219650/t
National Aluminium Company Limited further decreased its aluminium ingot and aluminium products prices significantly on Saturday, November 6, more than a week after the last cut on October 28. The latest slash brought the company’s aluminium ingot price to 216,150-219,650 per tonne versus INR 234,250-237,750 per tonne on October 28. That was a steep fall of INR 18,100 per tonne or 7.7 per cent. NALCO’s aluminium wire rod price came in at INR 218,650-223000 per tonne, down by INR 18,100 per tonne from INR 236,750-241,100 per tonne. NALCO is currently selling its aluminium billets at INR 219,600-222,250 per tonne, also less by INR 18,100 per tonne than the last selling price of INR 237,700-240,350 per tonne on October 28. NALCO links its aluminium ingot and aluminium products prices to the...
Hindalco increases its aluminium wire rod and billets prices by INR1500/t with effect from November 4
Hindalco Industries Limited has increased its aluminium products and aluminium ingot prices after continuous cuts since October 21, 2021. With effect from November 4, Hindalco’s aluminium wire rod price has witnessed a rise of INR 1,500 per tonne to INR 246,850 per tonne. On November 3, the price stood at INR 245,350 per tonne after being reduced by INR 2,500 per tonne. Hindalco’s aluminium billets selling price is currently standing at INR 246,350 per tonne, which is also down by INR 1,500 per tonne from INR 244,850 per tonne. The company is selling its aluminium ingot price at INR 235,750 per tonne compared to INR 234,250 per tonne on November 3. Hindalco Industries Limited links its aluminium ingot and aluminium products prices to the three-month futures of aluminium on the London...
