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.
US crude and dried bauxite imports extend decline in Q42020 to 777,0000 tonnes; Exports grow by 30% to 541,000 tonnes
The United States crude and dried bauxite imports extended downfall over the quarter by 12,000 tonnes or 1.52 per cent to 777,000 tonnes in Q4 2020. In the third quarter of the year, the US bauxite imports were at 789,000 tonnes, registering a plunge of 45,000 tonnes or 5.40 per cent from Q2 2020. On a year-on-year basis, the US bauxite imports in Q4 2020 reduced by 22.3 per cent from 1 million tonnes. In the entire year of 2020, the United States imported 3.180 million tonnes of bauxite, which reflected a decrease of 14.29 per cent from 3.710 million tonnes in 2019. Jamaica remained the mainstay as the highest exporter of bauxite to the US in Q4 2020. The country supplied 728,000 tonnes to the United States, flat compared to the previous quarter and 9.31 per cent up from 666,000 tonnes...
China’s alumina production extends downfall in February 2021 to 5.86 million tonnes, but daily output grows by 10% M-o-M
According to the latest data revealed by the Shanghai Metals Market, China produced 5.86 million tonnes of alumina in February 2021, marking the second consecutive month of decline, albeit slower than the previous month. In January, China’s alumina production was at 5.90 million tonnes, meaning the output in February declined by 0.68 per cent month-on-month compared to the downfall of 1 per cent in the previous month from 5.96 million tonnes in December 2020. China’s February alumina output included 5.65 million tonnes of metallurgical-grade alumina, which reflected a decrease of 0.70 per cent from 5.69 million tonnes in January 2021. However, the daily output recorded a month-on-month surge of 9.89 per cent to 201,700 tonnes, driven by increased operating capacities in north China from a...
Hindalco reduces aluminium wire rod and billets prices by 1% with effect from March 9
Hindalco Industries Limited has again cut its aluminium products and aluminium ingot prices with effect from Tuesday, March 9, after an intermittent hike on Saturday, March 6. Hindalco has reduced its aluminium wire rod price by INR 2,000 per tonne or 1.02 per cent from INR 195,850 per tonne to INR 193,850 per tonne. Hindalco’s aluminium billets price has come in at INR 189,850 per tonne, registering a downfall of INR 2,000 per tonne or 1.04 per cent from INR 191,850 per tonne on March 6. With the latest cut, Hindalco’s aluminium ingot price is hovering around INR 182,750 per tonne compared to INR 184,750 per tonne on Saturday. Hindalco generally links its aluminium ingot and aluminium products prices to the three-month futures of aluminium on the London Metal Exchange, which on Monday,...
Vedanta’s aluminium ingot price stands lower at INR181000-194000/t with effect from March 9
Vedanta Limited has cut its aluminium ingot and aluminium products prices with effect from Tuesday, March 9, after a rise on Saturday, March 6. The aluminium ingot price has come in at INR 181,000-194,000 per tonne, representing a decline of INR 2,000 tonne from INR 183,000-196,000 per tonne on March 6. With the latest cut, Vedanta’s aluminium wire rod price is hovering around 188,500-196,000 per tonne, also down by INR 2,000 per tonne from INR 190,500-198,000 per tonne on Saturday. The company’s aluminium billets price is at INR 189,000 per tonne as of March 9 compared to INR 191,000 per tonne on March 6. Vedanta links its aluminium ingot and aluminium products prices to the three-month futures of aluminium on the London Metal Exchange, which decreased on Monday, March 8, from US$ 2185...
China’s A00 aluminium ingot price declines by RMB310/t to RMB17180/t; Aluminium alloy(A356) price shrinks to RMB17900/t
A00 aluminium ingot price in China has recorded a downfall of RMB 310 per tonne to stand at RMB 17,180 per tonne on Tuesday, March 9, following a surge of RMB 390 per tonne on the previous day, found the Shanghai Metals Market. The average prices are expected to range between RMB 17,160 per tonne and RMB 17,200 per tonne, with spot contract to be traded at a premium price of RMB 60-20 per tonne, down by RMB 10 from March 8. In Foshan and Chongqing, A00 aluminium ingot price has plunged by RMB 310 per tonne and RMB 305 per tonne, respectively, to come in at RMB 17,180 per tonne and RMB 17,170 per tonne. The price in Tianjin is also standing at RMB 17,180 per tonne but by decreasing RMB 280 per tonne. Primary aluminium ingot price in Shenyang has seen the highest downfall of RMB 415 per...
ASI certifies Assan Alüminyum’s flat-rolled production facilities against Provisional Performance Standard Certification
Aluminium Stewardship Initiative has certified Assan Alüminyum against Provisional Performance Standard Certification for remelting and rolling activities at the Tuzla and Dilovasi production facilities in Turkey. The facilities, with an annual production capacity of 300,000 tonnes of flat-rolled aluminium, produce coil and sheet, foil, and pre-painted aluminium products destined for packaging, distribution, construction, consumer durables, automotive, and HVAC applications. On receiving the certification, Göksal Güngör, Assan Alüminyum General Manager, said: “Sustainability is one of our core values at Assan Alüminyum, among reliability, flexibility and innovation. We commit to adopting global sustainability targets as a business principle, not as an obligation. This is why we are very...
India’s aluminium scrap imports from US in Q42020 edge 18% higher to 99,600 tonnes; Total imports in 2020 grow 13%
According to the recent data shared by the US Geological Survey, India imported 30,600 tonnes of aluminium scrap from the United States in December 2020, almost flat compared to 30,300 tonnes of imports in November 2020 and 8,100 tonnes or 20.93 per cent less than 38,700 tonnes in October 2020. On a year-on-year calculation, India’s aluminium scrap imports from the US stood flat as well compared to 30,800 tonnes. India’s aluminium scrap imports from the US in the fourth quarter of 2020 totalled 99,600 tonnes, up 15,400 tonnes or 18.29 per cent from 84,200 tonnes in the third quarter of 2020. In the entire year of 2020, India imported 307,000 tonnes of aluminium scrap from the United States, registering a year-on-year hike of 13.29 per cent from 271,000 tonnes. The United States total...
LME aluminium price edged 0.74% higher to US$2185/t; SHFE price gained US$40/t to stand at US$2686/t
Three-month LME aluminium rose 2.54 per cent to close at US$ 2184 per tonne on Friday, with open interest falling to 707,000 lots. It is expected to trade between US$ 2150-2250 per tonne today. LME aluminium cash (bid) price and LME official settlement price gained US$ 16 per tonne or 0.74 per cent on Friday, March 5, to stand at US$ 2185 per tonne, following an intermittent decrease of US$ 34 per tonne on March 4. But 3-months bid price and 3-months offer price dipped to US$ 2176 per tonne from US$ 2177.50 per tonne on March 4. Dec 22 bid price and Dec 22 offer price also stood down at US$ 2214.50 per tonne from US$ 2227.50 per tonne on Thursday. The LME aluminium opening stock decreased from 1299775 tonnes on Thursday, March 4, to 1299150 tonnes on Friday, March 5. Live Warrants...
US primary aluminium production rebounded in December 2020 to 77,000 tonnes; Total output in 2020 lowers 7% YoY
The United States domestic primary aluminium production stood at 77,000 tonnes in December 2020, up by 3,000 tonnes or 4.05 per cent from 74,000 tonnes in November, showed the recent data released by the United States Geological Survey. With this, the total aluminium production in 2020 came in at 1.01 million tonnes, 7 per cent less than a year ago but 14 per cent more than in 2018. The average daily production in December 2020 was 2,480 tonnes, almost flat compared to the daily production of 2,450 tonnes in November and less by 16 per cent than in December 2019. Total aluminium recovered from scrap in December 2020 was 249,000 tonnes, 6 per cent less month-on-month and 8 per cent on the year. Of this, 131,000 tonnes of aluminium was recovered from new scrap, while 117,000 tonnes from old...
LME aluminium price built-up US$30.50/t this week to settle at US$2185/t; SHFE shrank to US$2646/t
The LME aluminium benchmark price gained 1.42 per cent over the week to close at US$ 2185 per tonne as of Friday, March 5. LME aluminium cash (bid) price and LME official settlement price edged higher this week from US$ 2154.50 per tonne to US$ 2185 per tonne. Starting the week on Monday, March 1, at US$ 2154.50 per tonne, the price rose to US$ 2176 per tonne on Tuesday and further to US$ 2203 per tonne on Wednesday, March 3. However, on Thursday, March 4, both LME aluminium cash (bid) price and LME official settlement price stood US$ 34 per tonne lower to come in at US$ 2169 per tonne. On Friday, March 5, the prices rebounded to close the week at US$ 2185 per tonne. 3-months bid price and 3-months offer price started the week at US$ 2165.50 per tonne, which grew on Tuesday, March 2, to...
China’s Aluminium Industry must advance Green and Low-carbon development to reach carbon emission peak by 2030: Yu Dehui
Yu Dehui, the former general manager of Aluminum Corporation of China Ltd. (CHALCO), suggested that China, the world’s largest aluminium producer and consumer, must advance the green and low-carbon development of the aluminium industry to reach the carbon dioxide emission peak by 2030 and achieve carbon neutrality before 2060. The news came after S&P Global Platts reported that Yu suggested China to set up the total carbon emission target for the aluminium industry, while speaking on the sidelines of the National People’s Congress and the Chinese People’s Political Consultative Conference. He also recommended China to carry out quota management for carbon emission, given the aluminium consumption in the country will keep rising and reach the peak expectedly by 2035. China should also...
China to import aluminium and copper scrap from 26 new foreign companies
Late last month, China’s metal recycling body unveiled the second batch of 44 certified domestic importers and a list of over two dozens of foreign companies who would be permitted to export aluminium and copper scrap to the country. China had prohibited imports of solid waste from 2021 but permitted high-grade metals scrap that met new standards reclassified as recycling resources. The foreign aluminium and copper scrap suppliers, who received export permission, include the US companies Omnisource LLC and Golden Bridge International Group as well as suppliers from Italy, Britain, Japan, Malaysia, Hong Kong and other countries, according to the recycling branch of the China Nonferrous Metals Industry Association. 44 certified domestic importers are from 10 provinces, including units of...
ASI certifies Chalco Ruimin’s two rolled aluminium materials plants in Fuzhou against CoC Standard Certification
Aluminium Stewardship Initiative announced on Friday, March 5, that it certified Chalco Ruimin Co., Ltd.’s two plants in Fuzhou, China, against Chain of Custody Standard Certification for remelting and casting, hot rolling, cold rolling, and finishing activities. The company produces rolled aluminium materials dedicated to metal container packaging, high-end lithographic, electronics and electrical appliances, and transportation. On receiving the ASI CoC Standard Certification, Feng Cai, Chairman of Chalco Ruimin Co., Ltd., commented: “Chalco Ruimin always focuses on providing our customers quality services, relying on the professional equipment and scientific deployment of alloy. As an important role of the Chinese aluminium industry, we have a responsibility to make efforts for the...
Alumina spot price in China shrinks to RMB2332/t after a week-long restraint; A00 aluminium ingot price declines by RMB480/t
The average alumina spot price in China has recorded a drop of RMB 12 per tonne to close the week on Friday, March 5, at RMB 2,332 per tonne, following a week-long restraint at RMB 2,344 per tonne, found the Shanghai Metals Market. In Shandong and Guangxi, the alumina spot price has decreased by RMB 25 per tonne and RMB 20 per tonne, respectively, to stand at RMB 2,330 per tonne and RMB 2,340 per tonne, while the price in Henan and Shanxi has dipped by RMB 10 per tonne to RMB 2,330 per tonne. In Guizhou, alumina price is standing at RMB 2,350 per tonne, slipping by RMB 10 per tonne as well. Australian alumina FOB price has dwindled by US$ 4 per tonne to come in at US$ 296 per tonne on March 5, learned SMM. A00 aluminium ingot price has declined sharply by RMB 480 per tonne to RMB 17,100...
China’s aluminium billet inventories gain 7,000 tonnes to 246,300 tonnes on March 4, 2021
Shanghai Metals Market data found a further rise in China’s 6063 aluminium billet inventories, although slower than the previous week, across the five major consumption areas, including SHFE warrants. Data shows the inventories have grown by 7,000 tonnes over the week, ending on Thursday, March 4, to peg at 246,300 tonnes. Last week, on February 25, aluminium billet stocks stood at 239,300 tonnes, increasing by 25,100 tonnes from the week ago. The growth in inventories narrowed this week as the arrivals of cargoes were relatively low. The chart below indicates the current status of aluminium billet inventories across China in more details: In Wuxi and Foshan, aluminium billet inventories have seen a hike of 5,400 tonnes and 5,300 tonnes to come in at 59,200 tonnes and 114,300 tonnes,...
Vedanta’s aluminium products prices grow back-to-back by INR1250/t with effect from March 4
Vedanta Limited has increased its aluminium products and aluminium ingot prices for the second day in a row, with effect from Thursday, March 4. The price of Vedanta's aluminium wire rod has been raised by INR 1,250 per tonne to INR 192,500 – 200,000 per tonne, in comparison with INR 191,250 – 198,750 per tonne on March 3. Vedanta has also expanded its aluminium billets price by INR 1,250 per tonne from INR 191,750 per tonne on March 3 to INR 193,000 per tonne on March 4. The company’s aluminium ingot price is ranging between INR 185,000 – 198,000 per tonne as of March 4, growing by INR 1,250 per tonne as well from INR 183,750 – 196,750 per tonne on the previous day. Vedanta links its aluminium ingot and aluminium products prices to the three-month futures of aluminium on the London Metal...
China's primary aluminium inventories continue to expand to stand at 1.173MT on March 4
According to the Shanghai Metals Market, social inventories of primary aluminium have built-up 91,000 tonnes over the week, ending on Thursday, March 4, 2021. Data shows the stocks across eight major Chinese consumption areas, including SHFE warrants, have come in at 91,000 tonnes, as of March 4, compared to 1.173 million tonnes last week. Higher arrivals of stocks in Wuxi, Nanhai, and Gongyi primarily attributed to the further expansion in China’s primary aluminium inventories on March 4, found SMM. The chart below indicates the current status of primary aluminium inventories across China in more details: Wuxi has seen the highest growth of 38,000 tonnes to 448,000 tonnes on March 4, followed by the surge of 36,000 tonnes in Nanhai to come in at 284,000 tonnes, learned SMM. In Gongyi,...
NALCO’s aluminium ingot price sees a cut of INR3400/t on March 1 after five hikes in a row till February 26
National Aluminium Company Limited (NALCO) reduced its aluminium ingot and aluminium products prices with effect from Monday, March 1, after raising them five times in a row till February 26, 2021. NALCO’s aluminium ingot price came in at INR 181,850 – 185,350 per tonne on March 1, down by INR 3,400 tonnes from INR 185,250- 188,750 per tonne on February 26. The company’s aluminium billets price also faced a decline of INR 3,400 per tonne on March 1 from INR 188,700- 191,350 per tonne to INR 185,300 – 187,950 per tonne. NALCO’s aluminium wire rod price ranged between INR 185,350 – 189,700 per tonne. NALCO, like any other Indian aluminium producers, links its aluminium ingot and aluminium products prices to the three-month futures of aluminium on the London Metal Exchange, which fell on...
