AlCircle News Edited By "Debanjali Sengupta"
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World primary aluminium production continues to fall 3.2% M-o-M in September 2021; Output in Q3 totals 16.931 million tonnes
The world primary aluminium production continued to decrease in September 2021 by 3.20 per cent month-on-month to stand at 5.508 million tonnes, found the International Aluminium Institute. In August 2021, the output was 5.690 million tonnes, down by 0.75 per cent from 5.733 million tonnes in July. However, on a year-on-year calculation, the world production in September stood 1.77 per cent higher from 5.412 million tonnes. Total production in Q3 2021 (July-September) came in at 16.931 million tonnes, essentially unchanged from 16.922 million tonnes in Q2 2021 but 3.22 per cent more than 16.402 million tonnes a year ago. From January to September, the output totalled 50.639 million tonnes, 4.40 per cent higher than 48.504 million tonnes during the same period last year. The average daily...
China’s average alumina spot price continues to rise by RMB14/t; Imported bauxite price grows by US$2/t after a year-long restraint
The average alumina spot price in China has continued to rise by RMB 14 per tonne to reach RMB 4,105 per tonne on Thursday, October 21, found the Shanghai Metals Market. Except in Guangxi, the alumina price in Henan and Shanxi has increased by RMB 15 per tonne to stand at RMB 4,135 per tonne. The price in Shandong has also gained RMB 15 per tonne but to settle at RMB 4,110 per tonne on October 21. In Guangxi, the domestic alumina price has remained restrained at RMB 3,890 per tonne. Also, the Australian alumina FOB price has remained muted at US$480 per tonne. Aluminium fluoride price has jumped by RMB 500 per tonne to come in at RMB 10,500 per tonne on October 21. The average prices are expected to range between RMB 10,000 per tonne and RMB 11,000 per tonne. China’s imported bauxite...
Rio Tinto renews partnership with UQAC for 3 years to continue R&D in bauxite and alumina manufacturing
Rio Tinto has reportedly renewed the partnership with the Université du Québec à Chicoutimi (UQAC) for the next three years, meaning the former will invest more than $2 million to continue research & development in bauxite and tailings processing technologies. This marks a 25-year union between the two organisations, particularly in the area of bauxite and tailing treatment technologies and alumina manufacturing. This partnership with Rio Tinto allows UAQC to build up its position and also that of the region among the world leaders in aluminium research and development. According to Mohamed Bouazara, UQAC's Vice-Rector, Research, Creation, and Innovation: "A partnership like this guarantees a certain stability in the development of our aluminium research and helps maintain cutting-edge...
China’s A00 aluminium ingot price sharply falls by RMB1120/t amid a gain in alumina price; Aluminium alloy(A356) price plummets by RMB1100/t
After hiking for the last three days exceeding RMB 24,000 per tonne, A00 aluminium ingot price in China has recorded a sharp fall of RMB 1,120 per tonne to come at the level of RMB 23,000 per tonne. According to the Shanghai Metals Market data, A00 aluminium ingot price has settled at RMB 23,120 per tonne on Wednesday, October 20. The average prices are expected to range between RMB 23,100 per tonne and RMB 23,140 per tonne, with spot contract to be traded at a premium price of RMB 160-120 per tonne. In Linyi and Tianjin, primary aluminium ingot price has decreased by RMB 1,150 per tonne and RMB 1,140 per tonne to stand at RMB 23,000 per tonne and RMB 23,050 per tonne, respectively. In Foshan and Wuxi, the price has plunged by RMB 1,130 per tonne and RMB 1,125 per tonne to peg at RMB...
China’s aluminium production dips for the fifth month in row to 3.155 million tonnes in September 2021: NBS
According to the data released by the National Bureau of Statistics, China, the world’s top producer of aluminium, churned out 3.08 million tonnes of primary aluminium. That was down by 2.4 per cent from 3.155 million tonnes a month ago and 2.1 per cent year-on-year, marking the fifth consecutive month of downfall caused by ongoing electricity shortages. Several Chinese regions imposed restrictions on power usage this year for energy-intensive industries, including aluminium, to ease tight electricity supply and meet energy consumption targets. The output in September was at its lowest monthly level since June 2020, showed NBS. On a daily basis, the production in September was at 102,667 tonnes per day, which was, however, an increase of 0.88 per cent from 101,770 tonnes a month ago. BMO...
China’s aluminium imports grow 2.2% M-o-M to 252,921 tonnes in September 2021, customs data shows
According to the data shared by the General Administration of Customs on Monday, October 18, China’s aluminium imports rose 2.2 per cent month-on-month to stand at 252,921 tonnes in September 2021. That included both primary and unwrought, alloyed aluminium. In August 2021, China imported 247,547 tonnes of aluminium. Curbs on domestic aluminium production due to tight electricity supply in China increased the demand for overseas metal, resulting in a rise in imports. However, on a year-on-year calculation, the imports in September were down by 28.9 per cent, showed the data. China imported record volumes of aluminium in 2020 because of the rapid recovery in Chinese demand after the coronavirus outbreak opened up the arbitrage window for cheaper metal to flow in from overseas. Also,...
Hindalco’s aluminium billets price further gains INR2500/t to stand at INR287600/t on October 19
Hindalco Industries Limited has continued to increase its aluminium products prices, in line with the continuous rise in LME aluminium benchmark price. With effect from Tuesday, October 19, Hindalco’s aluminium billets price stood at INR 287,600 per tonne, up by INR 2,500 per tonne from INR 285,100 per tonne on October 15. Hindalco’s aluminium wire rod price has also witnessed a hike of INR 2,500 per tonne on October 19 to stand at INR 288,100 per tonne. The latest increase in Hindalco’s aluminium prices has brought the company’s aluminium ingot price to INR 277,000 per tonne, compared to INR 274,500 per tonne on October 15. Hindalco Industries Limited links its aluminium ingot and aluminium products prices to the three-month futures of aluminium on the London Metal Exchange, which...
A00 aluminium ingot price in China grows for the third consecutive day to RMB24240/t; Aluminium alloy (A356) price gains RMB100/t
A00 aluminium ingot price in China has extended its growth for the third day in a row to reach RMB 24,240 per tonne on October 19. According to the Shanghai Metals Market, the price has grown by RMB 140 per tonne. The average prices are expected to range between RMB 24,220 per tonne and RMB 24,260 per tonne, with spot contract likely to be traded at a premium price of RMB 140-100 per tonne. In Tianjin and Linyi, A00 aluminium ingot price has hiked by RMB 180 per tonne to stand at RMB 22,800 per tonne. The price in Gongyi has also increased by RMB 180 per tonne to come in at RMB 22,660 per tonne. In Shenyang and Chongqing, primary aluminium ingot price has increased by RMB 155 per tonne and RMB 145 per tonne, respectively to close at RMB 24,190 per tonne, while the price in Foshan and...
NALCO’s aluminium ingot price sees a surge of INR24300/t or 10% W-o-W in line with a new leap of LME aluminium price
National Aluminium Company Limited has significantly increased its aluminium ingot and aluminium products prices, in line with a new leap of LME aluminium benchmark price. With effect from Friday, October 15, NALCO’s aluminium ingot price came in at INR 271,850-275,350 per tonne, up by INR 24,300 per tonne or 9.8 per cent from INR 247,550- 251,050 per tonne on October 7. NALCO’s aluminium products prices have also seen a surge of INR 24,300 per tonne, with effect from October 15. That brought the company’s aluminium wire rod price to INR 274,350-278,700 per tonne, in comparison with INR 250,050- 254,400 per tonne a week ago. Aluminium billets price has amounted to INR 275,300-277,950 per tonne from INR 251,000- 253,650 per tonne on October 7. NALCO links its aluminium ingot and aluminium...
Hindalco’s aluminium wire rod price soars by INR5750/t to be sold at INR285,600/t w.e.f. October 18
Hindalco Industries Limited has sharply increased its aluminium products prices with effect from Friday, October 15. The company’s aluminium wire rod price has seen a surge of INR 5,750 per tonne to come in at INR 285,600 per tonne. On October 14, the price stood at INR 279,850 per tonne, up by INR 2,250 per tonne from INR 277,600 per tonne. Hindalco’s aluminium billets price has also witnessed a hike of INR 5,750 per tonne from INR 279,350 per tonne to INR 285,100 per tonne, with effect from October 15. Hindalco Industries’ aluminium ingot price has mounted to INR 274,500 per tonne in comparison with INR 268,750 per tonne on the previous day. Hindalco Industries Limited links its aluminium ingot and aluminium products prices to the three-month futures of aluminium on the London Metal...
A00 aluminium ingot price exceeds RMB24000/t on October 18; Aluminium alloy (A356) price soars by RMB500/t
A00 aluminium ingot price in China has touched a new milestone by exceeding RMB 24,000 per tonne, found the Shanghai Metals Market. On Monday, October 18, the price has jumped by RMB 450 per tonne to come in at RMB 24,100 per tonne. The average prices are expected to range between RMB 24,080 per tonne and RMB 24,120 per tonne, with spot contract to be traded at a premium price of RMB 100-60 per tonne. In Foshan, primary aluminium ingot price has also increased by RMB 450 per tonne to stand at RMB 24,100 per tonne, followed by the surge of RMB 430 per tonne in Gongyi to RMB 23,920 per tonne. In Tianjin and Linyi, A00 aluminium ingot price has climbed by RMB 410 per tonne and RMB 380 per tonne to come in at RMB 24,050 per tonne and RMB 24,020 per tonne, while the price in Wuxi and Chongqing...
Rio Tinto’s bauxite production grows 2% Q-o-Q to 14 million tonnes; but alumina output drops 4% to 2 million tonnes
According to the third-quarter results of 2021 (ended on September 30) released by Rio Tinto, the company’s bauxite production stood at 13.967 million tonnes, up by 2 per cent quarter-on-quarter but down by 3 per cent on the year due to equipment reliability issues and overruns on planned shutdowns at our Pacific operations.. From January to September, Rio Tinto’s total bauxite production amounted to 41.231 million tonnes, 4 per cent lower than a year ago. Bauxite third party shipments increased year-on-year by 6 per cent to 10.091 million tonnes in Q3 2021 but remained essentially unchanged than the previous quarter. In nine months, Rio’s bauxite shipments totalled 28.608 million tonnes, down by 5 per cent from the same period last year. Rio Tinto Chief Executive Jakob Stausholm, said:...
Downstream Weekly Recap: European Aluminium Association strongly oppose suspension of anti-dumping duties; Mounting aluminium prices narrowing fabricators profit
The global aluminium downstream market essentially remained muted this week except a few important updates. For instance, European Aluminium Association has strongly opposed the 9-month suspension of definitive anti-dumping duties on Chinese aluminium flat-rolled products. European Aluminium is reportedly ready to follow all available avenues to combat the unjustified suspension of the long-overdue trade defence measures. According to the association, the suspension of duties will have a devastating impact on the EU aluminium value chain, even beyond the suspension period. Tens of thousands of EU jobs and EU investments into decarbonisation and recycling will be at risk. To know more:...
Aluminium billet inventories in China gain 7,400 tonnes this week to close at 184,400 tonnes
According to the Shanghai Metals Market, aluminium billet inventories in China increased by 7,400 tonnes week-on-week across five major consumption areas. Thus, the inventories stood at 184,400 tonnes on Thursday, October 14. Stock gains in Foshan and Nanchang primarily contributed to the increase in aluminium billet inventories this week. The purchase trend was largely on rigid demand as the downstream market was mostly following wait-and-see. The chart below indicates the current status of aluminium billet inventories across China in more detail: In Foshan, aluminium billet inventories grew by 4,800 tonnes this week to come in at 99,400 tonnes. In Nanchang, inventories gained 3,500 tonnes to stand at 27,500 tonnes, while stocks in Wuxi and Changzhou inched up by 690 tonnes and 400...
LME aluminium price closes at a new milestone this week at US$3163/t; SHFE price settles at US$3657/t
The LME aluminium benchmark price opened the week on Monday, October 11, at a new milestone of US$3,020 per tonne, a sharp increase of US$118 per tonne from the previous day. The price continued to grow throughout the week to end at US$3,163 per tonne on Friday, October 15. During October 12-14, the LME aluminium price trended up from US$3,052 per tonne to US$3,152 per tonne. 3-month bid price and 3-month offer price jumped from US$3,033 per tonne and US$3,034 per tonne on Monday to US$3,185 per tonne on Friday, October 15. December 22 bid price and December 22 offer price climbed from US$2,903 per tonne and US$2,908 per tonne to US$3,013 per tonne and US$3,018 per tonne. LME aluminium opening stock decreased from 1150225 tonnes to 1118325 tonnes through the week. SHFE Aluminium Price...
Rusal plans to supply 300,000-400,000 tonnes of aluminium to China in 2021
Rusal, the Russian aluminium giant and the world’s largest aluminium producer outside China, has reportedly planned to supply 300,000-400,000 tonnes of metal to China in 2021. Compared to the year last, the volume has remained essentially the same. Roman Andryushin, the company's head of sales in Russia, the CIS, and China, said that Rusal would significantly increase the sales to China next year. China is the world’s largest aluminium producer and usually has little demand for overseas supplies. But due to the recovery in domestic demand after the COVID-19 pandemic in comparison with production, China had to import a considerable amount of aluminium last year. Andryushin also noted that Rusal’s total production of aluminium would increase to around 4.3 million tonnes in 2022 due to the...
China’s primary aluminium inventories continue to grow W-o-W to settle at 887,000 tonnes
According to the Shanghai Metals Market, China’s social inventories of primary aluminium grew this week by 25,000 tonnes across eight major consumption areas, including SHFE warrants. On Thursday, October 14, inventories stood at 887,000 tonnes, primarily contributed by arrivals in Wuxi and Nanhai. Last week, on October 7, the inventories were settled at 862,000 tonnes, gaining 47,000 tonnes week-on-week. The chart below indicates the current status of primary aluminium inventories across China in more detail: In Wuxi, primary aluminium inventories have sharply increased by 13,000 tonnes week-on-week to come in at 296,000 tonnes. In Nanhai, the inventories have climbed by 6,000 tonnes to 268,000 tonnes, and that in Gongyi have grown by 3,000 tonnes to 72,000 tonnes. In Shanghai, Tianjin,...
ASI certifies Novelis sites in Germany against Provisional Performance Standard Certification for remelting, casting and rolling activities
The Aluminium Stewardship Initiative has certified Novelis’ Voerde and Koblenz sites in Germany against Provisional Performance Standard Certification for remelting, casting, and rolling activities. Novelis Europe has expanded its Chain of Custody scope to include these sites, which means that all of Novelis’ European production facilities are now certified to both ASI standards certifications. The independent third-party audits of the Novelis sites were carried out by SZI GmbH. The audits were undertaken as a desktop exercise with a remote view of relevant documents. Fiona Solomon, Chief Executive Officer at ASI, said: “We congratulate Novelis on achieving Europe-wide ASI Performance Standard and Chain of Custody Standard Certifications, a further demonstration of the company’s strong...
