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.
Hindalco’s aluminium wire rod and billets prices build-up INR4500/t with effect from June 26
Hindalco Industries Limited increased its aluminium products prices by INR 4,500 per tonne or 2 per cent with effect from Saturday, June 26. Hindalco’s aluminium wire rod price came in at INR 221,100 per tonne on June 26 compared to INR 216,600 per tonne on June 24. The company’s aluminium billets price grew from INR 212,600 per tonne on June 24 to INR 217,100 per tonne on June 26. Hindalco’s aluminium ingot price also saw an increase of INR 4,500 per tonne from INR 205,500 per tonne to INR 210,000 per tonne as of June 26. Hindalco links its aluminium ingot and aluminium products prices to the three-month futures of aluminium on the London Metal Exchange, which after June 22 increased by US$ 41 per tonne to stand at US$ 2,904 per tonne as of June 25. On a month-on-month basis, the price...
NALCO’s aluminium ingot price sees a rise of 2% to INR203250-206750/t with effect from June 25
National Aluminium Company Limited (NALCO) increased its aluminium ingot and aluminium product prices with effect from Friday, June 25. NALCO’s aluminium ingot price saw a hike of INR 3,800 per tonne or 1.9 per cent from INR 199,450-202,950 per tonne on June 22 to INR 203,250-206,750 per tonne on June 25. NALCO’s aluminium wire rod price came in at INR 206,750-211,100 per tonne, also up by INR 3,800 per tonne from INR 202,950-207,300 per tonne. NALCO’s aluminium billets price also increased by INR 3,800 per tonne from 202,900-205,550 per tonne to INR 206,700-209,350 per tonne. NALCO, like any other Indian aluminium producer, links its aluminium ingot and aluminium product prices to the three-month futures of aluminium on the London Metal Exchange, which after June 22 increased by US$ 41...
World alumina production grows 3.9% M-o-M & 8.6% Y-o-Y to 12.166 million tonnes in May 2021
According to the International Aluminium Institute, world alumina production in May 2021 stood at 12.166 million tonnes. That was up by 3.86 per cent from 11.714 million tonnes in April 2021. However, the output in April was down by 1.82 per cent from 11.931 million tonnes in the previous month. On a year-on-year calculation, world alumina production in May recorded an increase of 8.57 per cent from 11.206 million tonnes. In the first five months of the year, world alumina production totalled 58.158 million tonnes – 6.07 per cent higher than 54.829 million tonnes during the corresponding period last year. In China, alumina production in May came in at 6.510 million tonnes, reflecting an increase of 3.33 per cent from 6.300 million tonnes. On a year-on-year basis, the output grew 10.90 per...
China’s A00 aluminium ingot price drops RMB10/t to RMB18820/t; Aluminium fluoride price builds-up RMB100/t
A00 aluminium ingot price in China has dropped by RMB 10 per tonne on Tuesday, June 29, after the two consecutive days of hike, found the Shanghai Metals Market. The price is thus standing at RMB 18,820 per tonne, with average prices expected to range between RMB 18,800 per tonne and RMB 18,840 per tonne. The spot contract is likely to be traded at a premium price of RMB 40-0 per tonne. In Wuxi and Chongqing, A00 aluminium ingot price has declined by RMB 35 per tonne to stand at RMB 18,790 per tonne and RMB 18,810 per tonne, while the price in Gongyi and Hangzhou has fallen by RMB 30 per tonne to come in at RMB 18,700 per tonne and RMB 18,800 per tonne, respectively. In Tianjin and Linyi, primary aluminium ingot price has dropped by RMB 20 per tonne to RMB 18,780 per tonne and RMB 18,810...
LME aluminium price grows US$7/t to stand at US$2458/t; SHFE price gains marginally to US$2925/t
Three-month LME aluminium rose 1.46 per cent to close at US$ 2,531 per tonne on Monday. It is expected to trade between US$ 2,480 per tonne and US$ 2,550 per tonne today. LME aluminium cash (bid) price and LME official settlement price increased by US$ 7 per tonne to come in at US$ 2,458 per tonne on Monday, June 28. 3-months bid price and 3-months offer price stood at US$ 2,477.50 per tonne, up by US$ 7.5 per tonne from US$ 2,470 per tonne. However, Dec 22 bid price and Dec 22 offer price decreased from US$ 2,443 per tonne on June 25 to US$ 2,437 per tonne on June 28. LME aluminium opening stock further declined from 1596450 tonnes to 1586150 tonnes. Live Warrants remained restrained at 941875 tonnes, while Cancelled Warrants stood dropped to 644275 tonnes. Meanwhile, LME aluminium...
Primary aluminium production in Africa falls 4.62% M-o-M to 136,000 tonnes in May 2021
Primary aluminium production in Africa stood at 136,000 tonnes in May 2021, reflecting an increase of 4.62 per cent month-on-month, found the International Aluminium Institute’s latest data. In April, primary aluminium output in Africa was 130,000 tonnes – only 1,000 tonnes less than 131,000 tonnes in the previous month. In the last three months of 2021, Africa produced 397,000 tonnes. On a year-on-year calculation, primary aluminium production in Africa stood 3,000 tonnes lower in April 2021 compared to 139,000 tonnes. In the first five months of 2021, primary aluminium production came in at 651,000 tonnes, down by 3.41 per cent from 674,000 tonnes a year ago. Worldwide primary aluminium production stood at 5.744 million tonnes –less 3.63 per cent month-on-month than 5.543 million tonnes...
One More Day to Go! Register & Attend AlCircle Expo 2021 on June 29 & 30
Only one more day to go to the “ AlCircle Expo 2021 ” and we cannot keep calm. We are excited to welcome you all to the event on June 29 & 30 where you can expand your business networks, meet and greet old and new customers, explore new business ideas and share success stories. So what if travel is still a constraint? Experience a real live in experience in this Expo. Given below is the list of confirmed exhibitors & sponsors of AlCircle Expo 2021. Like the prior event, the expo 2021 is also aimed at bringing the aluminium industry leaders and partners from the entire value chain of aluminium under one roof virtually, driven by more advanced technology to enable them to build a stronger network. Besides video calls, exchange of digital business cards, brochures, and product demos,...
LME aluminium price jumped US$53.50/t to close at US$2451/t; SHFE price gained US$20/t
Three-month LME aluminium rose 2.23 per cent to close at US$ 2,494.50 per tonne on Friday. It is expected to fluctuate between US$ 2,440 per tonne and US$ 2,500 per tonne today. LME aluminium cash (bid) price and LME official settlement price jumped US$ 53.50 per tonne to come in at US$ 2,451 per tonne as of Friday, June 25. 3-months bid price and 3-months offer price stood at US$ 2,470 per tonne, up by US$ 46 per tonne from US$ 2,424 per tonne. Dec 22 bid price and Dec 22 offer price increased from US$ 2,406 per tonne on June 24 to US$ 2,443 per tonne on June 25. LME aluminium opening stock further declined from 1609100 tonnes to 1596450 tonnes. Live Warrants totalled 941875 tonnes, while Cancelled Warrants stood at 654575 tonnes. Meanwhile, LME aluminium 3-months Asian Reference Price...
China’s A00 aluminium ingot price extends growth to RMB18830/t; Aluminium alloy (A356) price gains RMB100/t
According to the Shanghai Metals Market, A00 aluminium ingot price has extended growth by RMB 60 per tonne to come in at RMB 18,830 per tonne on Monday, June 28. The average prices are expected to range between 18,810 per tonne and RMB 18,850 per tonne, with spot contract to be traded at a premium price of RMB 30-10 per tonne. In Wuxi and Shenyang, A00 aluminium ingot price has gained RMB 55 per tonne to stand at RMB 18,825 per tonne and RMB 18,810 per tonne, respectively, on June 28. The price in Chongqing and Linyi has built-up RMB 50 per tonne to close at RMB 18,850 per tonne and RMB 18,830 per tonne, while the price in Tianjin has increased by RMB 40 per tonne to come in at RMB 18,800 per tonne. In Gongyi and Hangzhou, primary aluminium ingot price has inched up by RMB 20 per tonne...
Primary Aluminium Weekly Recap: Hydro Husnes is back at full capacity; Russia is gearing to impose new export tax on aluminium
World primary aluminium market marked some significant events this week. To start with Hydro Husnes has resumed full operation for the first time in more than a decade. CEO Hilde Merete Aasheim, the mayor of Kvinnherad Municipality, and representatives from Industri Energi and Norsk Industri visited Hydro this week to mark the full operation of the plant with their presence. 200 electrolysis cells are now put into operation for producing 195,000 tonnes of aluminium per year. To know more: https://www.alcircle.com/news/hydro-husnes-back-at-full-capacity-200-electrolysis-cells-to-produce-195-000-tonnes-of-aluminium-put-into-operation-67650 On June 22, Vedanta stated that the coal block which has been allotted would deliver fuel security, enhance power availability and also strengthen the...
Hindalco Industries grows aluminium ingot price for the second consecutive day by INR1750/t on June 24
Hindalco Industries Limited increased its aluminium ingot and aluminium products prices back-to-back with effect from June 23 and June 24. Hindalco is at present selling its aluminium ingot at INR 205,500 per tonne with effect from June 24 after increasing it by INR 1,750 per tonne from the previous day. On June 23, Hindalco’s aluminium ingot price stood at INR 203,750 per tonne, up by INR 1,500 per tonne from INR 202,250 per tonne on June 22. Hindalco’s wire rod price also grew by INR 1,750 per tonne to come in at INR 216,600 per tonne on June 24. On June 23, the price stood at INR 214,850 per tonne against INR 213,350 per tonne on the previous day. The company’s aluminium billets price stood at INR 212,600 per tonne on June 24, also up by INR 1,750 per tonne. On June 23, the price was...
China’s secondary aluminium operating rates fall 5.44 percentage points to 59.56% in May 2021
According to the Shanghai Metals Market, secondary aluminium producers operating rates decreased 5.44 percentage points month-on-month to stand at 59.56 per cent, as a result of weak operating rates at small and big secondary aluminium plants. On a year-on-year calculation, operating rates edged up 10.87 percentage points. The average price of aluminium alloys ADC12 stood above RMB 19,000 per tonne. Losses at die-casting companies purchasing spot cargoes expanded to around RMB 2,000 per tonne in early May. Many companies cut output against losses, which also contributed to the fall in secondary aluminium producers operating rates. In addition, lack of chips used in automobiles and weak demand for automobiles also dampened the operating rates. Orders slid sharply and output declined. On...
China’s A00 aluminium ingot price rebounds to US$18770/t; Aluminium alloy(A356) price closes the week at US$19350/t
A00 aluminium ingot price in China has rebounded to US$ 18,770 per tonne on Friday, June 25, by gaining RMB 110 per tonne. On the previous day, June 24, the price decreased from US$ 18,770 per tonne to US$ 18,660 per tonne. The average prices are expected to range between 18,750 per tonne and RMB 18,790 per tonne, with spot contract to be traded at a premium price of RMB 20-20 per tonne. Except in Foshan, the growth in A00 aluminium ingot price has touched upon all the major Chinese cities today. In Gongyi and Linyi, primary aluminium ingot price has edged up by RMB 110 per tonne to stand at RMB 18,710 per tonne and RMB 18,780 per tonne, respectively. Hangzhou has seen the highest increase of RMB 170 per tonne to RMB 18,820 per tonne, followed by a hike of RMB 130 per tonne in Shenyang to...
LME aluminium price grows for the third consecutive day to stand at US$2397.50/t; SHFE price closes above US$2900/t
Three-month LME aluminium closed 0.25 per cent higher at US$ 2,440 per tonne on Thursday night, with open interest down 9,400 lots to 685,000 lots, and is expected to trade between US$ 2,400-2,460 per tonne today. LME aluminium cash (bid) price and LME official settlement price grew for the third consecutive day by US$ 11 per tonne to come in at US$ 2,397.50 per tonne as of Thursday, June 24. 3-months bid price and 3-months offer price stood at US$ 2,424 per tonne, up by US$ 8 per tonne from US$ 2,416 per tonne. Dec 22 bid price and Dec 22 offer price increased from US$ 2,397.50 per tonne on June 23 to US$ 2,406 per tonne on June 24. LME aluminium opening stock decreased further from 1616325 tonnes to 1609100 tonnes. Live Warrants totalled 942075 tonnes, while Cancelled Warrants stood at...
Vedanta’s aluminium products prices witness a back-to-back hike of INR1750/t on June 24
Vedanta Limited increased its aluminium ingot and aluminium products prices for the second day in a row with effect from Thursday, June 24. The company raised its aluminium wire rod price by INR 1,750 per tonne to INR 212,750-220,250 per tonne on June 24, followed by a hike of INR 1,500 per tonne from INR 209,500-217,000 per tonne to INR 211,000-218,500 per tonne on June 23. Vedanta’s aluminium billet price stood at INR 213,250 per tonne on June 24, also up by INR 1,750 per tonne. On June 23, Vedanta’s billet price rose from INR 210,000 per tonne to INR 211,500 per tonne. Vedanta’s aluminium ingot price also witnessed a rise of INR 1,750 per tonne on Thursday to reach at INR 205,250-218,250 per tonne, followed by a growth of INR 1,500 per tonne from INR 202,000-215,000 per tonne on June...
Aluminium billet inventories in China drop 3500 tonnes to stand at 97,300 tonnes on June 24
Aluminium billet inventories in China have dropped by 3,500 tonnes week-on-week across the five major consumption areas to come in at 97,300 tonnes on Thursday, June 24. Last week on June 17, aluminium billet inventories stood at 100,700 tonnes, registering a week-on-week increase of 12,400 tonnes. The chart below indicates the current status of aluminium billet inventories across China in more details: In Wuxi and Huzhou, aluminium billet inventories have decreased by 2,010 tonnes and 2,000 tonnes to come in at 10,120 tonnes and 8,000 tonnes, respectively, while the inventories in Nanchang have slipped by 1,750 tonnes to settle at 21,250 tonnes. Meanwhile, in Foshan and Changzhou, aluminium billet inventories have grown by 1,900 tonnes and 400 tonnes, respectively, to come in at 49,700...
Primary aluminium inventories in China fall 16,000 tonnes this week to 874,000 tonnes: SMM
According to the Shanghai Metals Market, China’s social inventories of primary aluminium have continued to decline this week ending on Thursday, June 24. SMM data found the inventories fell 16,000 tonnes to come in at 874,000 tonnes compared to 890,000 tonnes last week on June 17. The chart below shows the current status of primary aluminium inventories across China in more details: In Wuxi, primary aluminium inventories have decreased by 17,000 tonnes from 347,000 tonnes last week to 330,000 tonnes on June 24. In Nanhai and Hangzhou, the inventories have declined by 3,000 tonnes and 1,000 tonnes to stand at 228,000 tonnes and 91,000 tonnes, respectively. Meanwhile, in Shanghai, primary aluminium inventories have grown 3,000 tonnes to stand at 92,000 tonnes, while the inventories in...
LME aluminium price extends growth to US$2386.50/t; SHFE price remains restrained at US$2896/t
Three-month LME aluminium increased 0.33 per cent to close at US$ 2,433 per tonne in the overnight trading yesterday, with open interest down 1,541 lots to 694,000 lots, and is expected to trade between US$ 2,400-2,460 per tonne today. LME aluminium cash (bid) price and LME official settlement price extended growth by US$ 11 per tonne to come in at US$ 2,386.50 per tonne as of Wednesday, June 23. 3-months bid price and 3-months offer price stood at US$ 2,416 per tonne, up by US$ 13 per tonne from US$ 2,403 per tonne. Dec 22 bid price and Dec 22 offer price increased from US$ 2,387 per tonne on June 22 to US$ 2,397.50 per tonne on June 23. LME aluminium opening stock decreased from 1623850 tonnes to 1616325 tonnes on June 23 after an intermediate increase in the previous day. Live Warrants...
