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.
Vedanta continues to grow aluminium billet price by over 1.5% to sell it at INR258,750/t
Vedanta Limited has continued to grow its aluminium products prices for the fifth time in row, with effect from Tuesday, September 14. According to the price list revealed by Vedanta, its aluminium billets price has come in at INR 258,750 per tonne, up by INR 4,000 per tonne or 1.57 per cent from INR 254,750 per tonne on September 11. Vedanta’s aluminium wire rod price has also seen a hike of INR 4,000 per tonne with effect from September 14 to come in at INR 258,250-265,750 per tonne. On September 11, aluminium wire rod price was at INR 254,250-261,750 per tonne after climbing by INR 6,250 per tonne from the previous day. Vedanta’s aluminium ingot price is hovering around INR 250,750-263,750 per tonne, compared to INR 46,750-259,750 per tonne on the last day. Vedanta Limited links its...
Production cut at refineries in Guangxi lifts China’s alumina spot price to RMB3453/t; A00 aluminium ingot price nosedives by RMB650/t
The average alumina spot price in China has increased by RMB 85 per tonne on Wednesday, September 15, following a restraint on the previous day. According to the Shanghai Metals Market, the hike has brought the alumina price at RMB 3,453 per tonne, marking a week-on-week jump of RMB 292 per tonne. In Henan and Shanxi, alumina spot price has surged by RMB 100 per tonne to close at RMB 3,500 per tonne, while the price in Shandong has settled at RMB 3,450 per tonne by also gaining RMB 100 per tonne. In Guizhou and Guangxi, alumina price has grown by RMB 50 per tonne to peg at RMB 3,250 per tonne on September 15, found SMM. The alumina price surge across China could be attributed to lower production, as three refineries in Guangxi have begun to reduce output from September 9 after the...
Final decision yet to be taken on suspension of EU anti-dumping duties on Chinese aluminium flat rolled products imports: Source
According to the latest update, the European Commission has yet not taken a final decision whether it will suspend the imposition of definitive anti-dumping duties on aluminium flat rolled products imports from China or not. This news came after a European Union official told S&P Global Platts in an emailed statement that "The anti-dumping investigation on imports of aluminum flat-rolled products originating in China initiated on Aug. 14, 2020 is still ongoing. Definitive measures, if any, must be imposed by Oct. 11." However, in the context of this investigation, "a request for the suspension of any measure, triggered by several stakeholders and based on substantiated information on the most recent market developments beyond the period covered by the anti-dumping investigation, is also...
Hindalco’s aluminium ingot price sees highest growth of INR10500/t in tandem with LME aluminium price leap to US$3000/t
Hindalco Industries Limited has sharply increased its aluminium ingot and aluminium products prices with effect from Tuesday, September 14, in tandem with the LME aluminium price leap to a new high in 13 years at US$3,000 per tonne on September 13. Hindalco has raised its aluminium ingot price by INR 10,500 per tonne to INR 250,250 per tonne, in comparison with INR 239,750 per tonne on September 10. Hindalco’s aluminium wire rod price has also built-up INR 10,500 per tonne on September 14 to come in at INR 261,350 per tonne. On Friday, September 10, the price was at INR 250,850 per tonne after increasing by 3,250 tonnes from the previous day. The company is currently selling its aluminium billets at INR 257,350 per tonne versus INR 246,850 per tonne on September 10. Hindalco Industries...
Elval bags ASI Chain of Custody Standard certification for its aluminium rolling facility in Oinofyta, Greece
Elval, the only Greek producer of flat rolled aluminium products, has been acknowledged by the Aluminium Stewardship Initiative against the Chain of Custody Standard certification. The news came after ASI announced that it successfully certified the aluminium rolling division of Elvalhalcor S.A. for the facility in Oinofyta, Greece. The facility’s operations include re-melting and casthouse activities, hot/cold rolling, coil coating, and finishing lines. Aluminium rolling products manufactured at the facility are destined for the downstream industries and various products including aluminium foil and special alloys used in the automotive industry and food cans. In July 2020, the facility achieved the ASI’s Performance Standard certification. Fiona Solomon, Chief Executive Officer at ASI,...
China’s A00 aluminium ingot price plummets by RMB530/t after a week-long hike; Aluminium alloy(A356) price settles lower at RMB24000/t
After recording a continuous rise in last one week surpassing RMB 23,000 per tonne, A00 aluminium ingot price in China has plummeted by RMB 530 per tonne on Tuesday, September 14, to settle at RMB 22,890 per tonne, found the Shanghai Metals Market. The average prices are expected to range between RMB 22,870 per tonne and RMB 22,910 per tonne, with spot contract to be traded at a premium price of RMB 70-30 per tonne. Among the main Chinese cities, Wuxi has seen the sharpest fall of RMB 595 per tonne to RMB 22,810 per tonne, followed by the plunge of RMB 590 per tonne in Hangzhou to stand at RMB 22,820 per tonne. In Foshan, A00 aluminium ingot price has decreased by RMB 560 per tonne to settle at RMB 22,940 per tonne, while the price in Chongqing and Gongyi has shrunk by RMB 535 per tonne...
LME aluminium benchmark price leaps to a new high of US$3000/t in 13 years; SHFE price settles at 2.45% lower
The LME aluminium benchmark price leaped to a new milestone of US$3,000 per tonne, first time ever since 2008. Aluminium raw materials supply disruptions in Guinea coupled with production restrictions in China pushed the LME aluminium price to a 13-year high. However, both the LME aluminium cash (bid) price and LME official settlement price fell at 1450 GMT to as low as US$2,858 per tonne but closed the day higher at US$2,949 per tonne and US$2,950 per tonne, up 1.8 per cent from the previous day. The prices are likely to continue to grow, thanks to a rapid increase in China’s domestic alumina price and expected production cut at Yunnan Province during September-December. 3-month bid price and 3-month offer price grew to US$2,949.50 per tonne and US$2,950 per tonne, respectively. December...
China’s primary aluminium production drops 1.5% M-o-M to 3.23 million tonnes; Output grows 1.25% Y-o-Y
According to the Shanghai Metals Market, China’s primary aluminium production in August 2021 dropped 1.52 per cent month-on-month to stand at 3.23 million tonnes. But on a year-on-year calculation, the output edged 1.25 per cent higher than 3.19 million tonnes. Aluminium liquid accounted for 66.7 per cent of China’s total aluminium output in August, a decrease of 0.3 percentage points from the previous month. From January to August, China’s primary aluminium production totalled 25.97 million tonnes, 6.78 per cent more than 24.32 million tonnes during the same period last year. The daily output averaged 104,000 tonnes, down 2,000 tonnes a day month-on-month but up 1,000 tonnes a day on year. The drop in daily as well as China’s monthly aluminium production could be attributed to the...
Hydro signs 15-year contract with New Fortress Energy (NFE) for sourcing natural gas for Alunorte alumina refinery
According to a recent report, Hydro has entered into a 15-year contract with New Fortress Energy (NFE) for the supply of Liquefied Natural Gas (LNG) to the Alunorte alumina refinery in Brazil, as part of the fuel-switch initiative to replace the refinery’s energy sources and reduce carbon emissions. Hydo aims at reducing greenhouse gas emissions by 30 per cent by 2030. The agreement says the NFE will supply 29.5 TBtu of natural gas annually to Hydro’s Alunorte refinery from its Barcarena LNG receiving and regasification terminal located in the state of Pará, Brazil. Alunorte will implement the calcination process and part of steam generation at the refinery to switch from fuel oil to natural gas as the energy source. This change is slated to be completed by the first quarter of 2023 and...
NALCO’s aluminium ingot price sees highest growth of INR14700/t with effect from September 11
National Aluminium Company Limited has reported a sharp growth in aluminium ingot price and aluminium products prices with effect from Saturday, September 11. NALCO’s aluminium ingot price has witnessed a spike of INR 14,700 per tonne to INR 245,850-249,350 per tonne, in comparison with INR 231,150-234,650 per tonne on September 7. NALCO’s aluminium wire rod price is hovering around INR 248,350-252,700 per tonne with effect from September 11, also up by INR 14,700 per tonne from INR 248,350-252,700 per tonne on September 7. The company is selling its aluminium billets at INR 249,300-251,950 per tonne, up by 6.40 per cent from INR 234,600- 237,250 per tonne. NALCO has increased its aluminium ingot and aluminium products prices in line with the continuous rally in three-month futures of...
A00 aluminium ingot price in China soars by RMB770/t to stand the highest since 2008; Aluminium alloys(ADC12) price grows above RMB230000/t
Shanghai aluminium prices have reached the highest level on Monday since 2008, fuelled by supply concerns in China, the world’s biggest consumer of the metal. Output curbs in China, the world’s biggest aluminium producer, and political turmoil in Guinea, China’s top source of bauxite, have further boosted China’s A00 aluminium ingot price by RMB 770 per tonne on September 13. According to the Shanghai Metals Market, the price is standing at RMB 23,420 per tonne, with average prices likely to range between RMB 23,400-23,440 per tonne. The spot contract is expected to range between RMB 100-60 per tonne. Among the main Chinese cities, Gongyi has seen the highest growth of RMB 780 per tonne to stand at RMB 23,260 per tonne, followed by the surge of RMB 760 per tonne in Foshan to reach at RMB...
Weekly Downstream Recap: ASI welcomes Qatalum as new Production & Transformation member; China’s aluminium billet inventories grow on muted purchase
The global downstream aluminium sector has reported some of the important news this week, which include Qatalum joins ASI as its 193rd Production and Transformation member, JW Aluminium’s rolled product facility receives GreenCircle Certification, The Ministry of Commerce, Govt. of India's investigation arm DGTR recommends anti-dumping duty on certain aluminium products from China, and many more. On Tuesday, September 7, the Aluminium Stewardship Initiative welcomed Qatalum as a new Production and Transformation member, bringing the total count of ASI members to 193. Qatalum, with employees from over 40 nationalities, strives to provide customers worldwide with best quality aluminium products made in Qatar. Qatalum is known to produce more than 600,000 tons of top quality primary...
Primary Aluminium Weekly Recap: China’s A00 aluminium ingot price sees a 13-year high; Rusal appoints former Chalco trader Deng Gang
This week, the global aluminium industry is shook by the military coup in Guinea on September 5, which has impacted the raw material supply to the metal industry. As a result, the primary aluminium production is facing a disruption, causing an incessant hike in prices. Both the global aluminium price and domestic price in China have seen a surge to a decade high. According to the Shanghai Metals Market, China’s domestic primary aluminium ingot price rose to a 13-year high, bolstered by the tight supply of the metal due to increased pressure on smelters to rationalise their power usage, coupled with political unrest in Guinea impacting the global raw material supply. On Thursday, September 9, China’s A00 aluminium ingot price soared by RMB 460 per tonne to reach at RMB 22,230 per tonne....
Vedanta Limited increases its aluminium wire rod price back-to-back to INR248,000-255,500/t
Vedanta Limited expanded its aluminium products prices by INR 4,250 per tonne on Thursday September 9, bringing its aluminium wire rod price to INR 244,500-252,000 per tonne. On Friday, September 10, Vedanta’s aluminium wire rod price again saw a hike of INR 3,500 per tonne to come in at INR 248,000-255,500 per tonne. As per Vedanta’s report, its aluminium billet price grew from INR 240,750 per tonne on September 7 to INR 245,000 per tonne on September 9, which further expanded the very next day by INR 3,500 per tonne to close at INR 248,500 per tonne. Vedanta’s aluminium ingot price also saw an increase of INR 4,250 per tonne on September 9 from INR 232,750-245,750 per tonne to INR 237,000-250,000 per tonne, which grew for the second day in a row on September 10 to reach INR...
Primary aluminium inventories in China increase 2,000 tonnes to peg at 751,000 tonnes on Sept. 9
According to the Shanghai Metals Market, China’s social inventories of primary aluminium grew 2,000 tonnes across eight major consumption areas on Thursday, September 9, following a downfall of 5,000 tonnes in the previous week. SMM data showed the inventories stood at 751,000 tonnes on September 9, compared to 749,000 tonnes on September 2. The chart below indicates the current status of primary aluminium inventories across China in more detail: The rise in primary aluminium inventories on September 9 was primarily contributed by Nanhai, Shanghai, and Tianjin. In Nanhai, primary aluminium inventories built up 8,000 tonnes to stand at 220,000 tonnes, followed by the growth of 2,000 tonnes in Shanghai to 73,000 tonnes. In Tianjin, inventories inched up by 1,000 tonnes to come in at 67,000...
China’s A00 aluminium ingot price soars above RMB22,500/t after the detention of Guinea President; Aluminium alloys prices climb RMB400/t
China’s domestic primary aluminium price has continued to surge by RMB 420 per tonne to stand above RMB 22,500 per tonne after Alpha Conde, president of the Republic of Guinea, got detained by Special Forces in the capital, Conakry. Unrest within Guinea is putting further strain on the market as it supplies more than half of the ore imported by China, the top global producer of the metal. Till July 2021, Guinea supplied China with 55 per cent of its bauxite supply, according to analysts at ING. As per the latest data shown by the Shanghai Metals Market, A00 aluminium ingot price in China has reached as high as RMB 22,650 per tonne on September 10, with average prices expected to range between RMB 22,630 per tonne and RMB 22,670 per tonne. The spot contract is likely to be traded at a...
China’s aluminium billet inventories gain 6,500 tonnes this week on muted downstream purchase
Aluminium billet inventories in China have recorded an increase of 6,500 tonnes across five major consumption areas to come in at 145,500 tonnes on Thursday, September 9, found the Shanghai Metals Market. Last week, on September 2, China’s aluminium billet inventories stood at 139,000 tonnes growing by 14,600 tonnes week-on-week. The rise in aluminium billet inventories this week could be attributed to the muted downstream purchase caused by soaring aluminium prices. In addition, arrivals of stocks increased against sluggish orders at extrusion companies. The chart below indicates the current status of aluminium billet inventories across China in more detail: The increase in inventories this week has solely been contributed by Foshan, building up 11,600 tonnes to 79,000 tonnes as of...
Hindalco sharply grows its aluminium ingot price by INR4,250/t or 2% w.e.f. September 9
Hindalco Industries Limited has continued to increase its aluminium ingot and aluminium products prices for the fourth time in a row, with effect from Thursday, September 9. Hindalco’s aluminium ingot price has come in at INR 236,500 per tonne, up by INR 4,250 per tonne or 1.83 per cent from INR 232,250 per tonne on September 7. The company is currently selling its aluminium wire rod at INR 247,600 per tonne, also an increase of INR 4,240 per tonne from INR 243,350 per tonne on the previous day. Hindalco’s aluminium billets price also saw a hike of INR 4,250 per tonne from INR 239,350 per tonne on September 7 to INR 243,600 per tonne on September 9. Hindalco Industries Limited links its aluminium ingot and aluminium products prices to the three-month futures of aluminium on the London...
