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.
A00 aluminium ingot price remains muted at RMB15690/t; Australian alumina FOB price climbs by US$2/t
According to the Shanghai Metals Market, A00 aluminium ingot price has remained restrained at RMB 15,690 per tonne, with average prices expected to range between RMB 15,670 per tonne and RMB 15,710 per tonne, as of Wednesday, January 6. Spot contract is expected to trade at a premium price of RMB 50-90 per tonne, down by RMB 10 per tonne from the previous day. Restraint in A00 aluminium ingot price today has touched upon Foshan, Wuxi, Gongyi, and Chongqing. The prices there are continuing at RMB 15,760 per tonne, RMB 15,690 per tonne, RMB 15,610 per tonne, and RMB 15,675 per tonne, respectively. The primary aluminium ingot price in Tianjin has fallen by RMB 40 per tonne to RMB 15,650 per tonne on January 6, followed by the decline of RMB 20 per tonne in Linyi to RMB 15,720 per tonne and...
US aluminium plates, sheets and bars imports from Saudi Arabia increase 31.52% Q-o-Q in Q3 2020
According to data shared by the US Geological Survey, the United States aluminium plates, sheets and bars imports from Saudi Arabia decreased 890 tonnes or 12.45 per cent month-on-month to 6,260 tonnes in September 2020, following hikes in July and August. In August 2020, the US aluminium plates, sheets and bars imports from Saudi Arabia stood at 7,150 tonnes, up 570 tonnes or 8.66 per cent month-on-month. In July, the imports stood higher by 1720 tonnes or 35.39 per cent than 4,860 tonnes in June to 6,580 tonnes. In the third quarter of 2020 ended on September 30, the US aluminium plates, sheets and bars imports from Saudi Arabia totalled 19,990 tonnes, up 31.52 per cent from 15,199 tonnes in Q2 2020. On a year-on-year calculation, the United States aluminium plates, sheets and bars...
A00 aluminium ingot price declines for the fifth consecutive day to RMB15590/t; Prebaked anode price up by RMB60/t
According to the Shanghai Metals Market, A00 aluminium ingot price in China has reopened the market after the New Year Holiday with a plunge of RMB 120 per tonne to stand at RMB 15,590 per tonne, as of January 4, 2021. This marks the fifth consecutive day of decline since December 28, 2020. The average prices on January 4 are expected to range between RMB 15,570 per tonne and RMB 15,610 per tonne, with spot contract to be traded at a premium price of RMB 70-110 per tonne, up by RMB 40 per tonne from the previous day. In Foshan, A00 aluminium ingot price has declined the highest by RMB 150 per tonne to RMB 15,660 per tonne, followed by Shenyang and Tianjin, where the price has decreased by RMB 140 per tonne to come in at RMB 15,585 per tonne and RMB 15,590 per tonne, respectively. In...
SHFE aluminium price resumes from the New Year Holiday with a drop of $2/t to $2396/t on January 4
Shanghai aluminium price resumed from the New Year Holiday on Monday, January 4, with a dip of 0.08 per cent from US$ 2398 per tonne to US$ 2396 per tonne. LME aluminium on Friday, January 1, was closed. As of last Thursday, December 31, LME aluminium cash (bid) price and LME official settlement price stood at US$ 1978 per tonne, declining by US$ 17.50 per tonne from US$ 1995.50 per tonne. 3-months bid price and 3-months offer price came in at US$ 1980.50 per tonne, down by US$ 23.50 per tonne from US$ 2004 per tonne on December 30. Dec 21 bid price and Dec 21 offer price hovered at US$ 2008 per tonne. LME aluminium 3-months Asian Reference stood at US$ 1993 per tonne. SHFE Aluminium Price Trend Benchmark aluminium price for SHFE extended drop by US$ 2 per tonne to US$ 2396 per tonne on...
LME aluminium price lost US$22/t in the last week of 2020; SHFE price decreased by US$47/t
Benchmark aluminium price on the London Metal Exchange closed the week on Thursday, December 31, lower by US$ 44 per tonne or 2.18 per cent at US$ 1978 per tonne. LME aluminium cash (bid) price and LME official settlement price started the week on Tuesday, December 29, at US$ 2000 per tonne, down by US$ 22 per tonne from US$ 2022 per tonne on December 24. On Wednesday, December 30, the prices slipped further by US$ 4.5 per tonne to stand at US$ 1995.50 per tonne. Extending the decline by US$ 17.5 per tonne, both LME aluminium cash (bid) price and LME official settlement price came in at US$ 1978 per tonne on Thursday, December 31. On Friday, January 1, the London Metal Exchange was closed for the New Year holiday. 3-months bid price and 3-months offer price stood at US$ 2004 per tonne on...
NALCO begins the year 2021 with a significant aluminium ingot price cut by INR4900/t with effect from January 1
National Aluminium Company Limited (NALCO) has continued to reduce the prices of its aluminium ingot and aluminium products for the second time in a row after two weeks on January 1, 2021. With the latest cut, NALCO’s aluminium ingot price has come in at INR 167,450-170,950 per tonne, down by INR 4,900 per tonne from INR 172,350-175,850 per tonne on December 18. NALCO’s aluminium ingot price on December 18 was down by INR 1,400 per tonne from the previous day, meaning the price cut on January 1 expanded by INR 3,500 per tonne. NALCO’s aluminium wire rod price has also been cut by INR 4,900 per tonne from INR 175,850-180,200 per tonne on December 18 to INR 170,950-175,300 per tonne on January 1. NALCO’s aluminium billets price is standing at INR 170,900-173550 per tonne, down by INR 4,900...
China’s secondary aluminium operating rates increase 5 percentage points M-o-M to 62.4% in Nov’20
According to the Shanghai Metals Market, China’s secondary aluminium producers operating rates gained 4.9 percentage points month-on-month in November 2020, following a decline in October. The operating rates came in at 62.4 per cent, down 0.1 percentage point year-on-year, showed the data. The fall in secondary aluminium operating rates in October 2020 was sharper than expected due to lower productivity at producers and downstream pre-scheduled orders. Last month, operating rates boosted with robust consumption of automobiles. Trades of aluminium scrap and secondary aluminium remained muted as aluminium prices soared by nearly RMB 2,000 per tonne in the month. Large-scale secondary aluminium producers remained cautious even when aluminium prices fell and steadied in mid-December. For...
Argentinian aluminium producer finished 2020 at 70% capacity
According to a recent report, Argentinian aluminium producer Aluar closed the year 2020 at 70 per cent capacity utilisation. Production grew at Aluar after a halt due to the COVID-19 pandemic and weather conditions earlier this year, said the company. “We will continue to gradually seek production planning that allows for the partial resumption of the remaining capacity usage,” said Aluar in a filing to the country’s Securities and Exchange Commission, CNV. Late March, Aluar declared that it scaled back its output on account of the COVID-19 spread across Latin America. It reduced production by an additional 25 per cent at Puerto Madryn primary aluminum plant in that southern Argentinian city. The Aluar cutbacks followed similar measures around the world as nations issued “shelter in...
Primary aluminium inventories gain 27,000 tonnes to close the year at 613,000 tonnes
According to the Shanghai Metals Market, social inventories of primary aluminium built up 27,000 tonnes on Thursday, December 31. The inventories thus, closed the year 2020 at 613,000 tonnes across eight major consumption areas, including SHFE warrants. Last week, on December 24, the inventories stood at 586,000 tonnes, declining by 3,000 tonnes from 589,000 tonnes on December 17. The chart below indicates the current status of primary aluminium inventories across China in more details: The increase in primary aluminium inventories on December 31 touched upon the cities like Shanghai, Wuxi, and Nanhai. While Wuxi saw the highest hike of 25,000 tonnes to stand at 223,000 tonnes, inventories in Nanhai and Shanghai grew 4,000 tonnes and 3,000 tonnes to come in at 129,000 tonnes and 94,000...
US aluminium scrap exports to Canada grow 64% Q-o-Q in Q3 2020 despite a drop in September
According to the US Geological Survey, the United States aluminium scrap exports to Canada stood 4.94 per cent lower month-on-month to 6,740 tonnes in September 2020. In August, the US exported 7,090 tonnes of scrap to Canada compared with 5,540 tonnes in July 2020. This represents a hike of 28 per cent month-on-month in August 2020. On a Year-on-year basis, the US aluminium scrap exports to Canada in September 2020 stood down by 15.86 per cent from 8,010 tonnes. In the third quarter of 2020 (July-September), the United States aluminium scrap exports to Canada came in at 19,370 tonnes, up 63.74 per cent quarter-on-quarter from 11,830 tonnes. During January-September, the United States aluminium scrap exports to Canada amounted to 52,700 tonnes, down by 25.25 per cent from 70,500 tonnes...
Alumina production in West Europe stands 1.8% higher M-o-M in Nov’20, but output in East & Central Europe drops
According to the latest data released by the International Aluminium Institute for November 2020, alumina production in West Europe stood at 456,000 tonnes, representing a growth of 8,000 tonnes or 1.8 per cent month-on-month. In October also, alumina production in West Europe stood higher month-on-month by 15,000 tonnes or 3.46 per cent from 433,000 tonnes. In those three months (September-November), alumina production in West Europe totalled 1.337 million tonnes, down by 4.98 per cent from 1.407 million tonnes during the same period last year. On a year-on-year calculation, West Europe’s alumina output in November 2020 grew by 16,000 tonnes or 3.64 per cent from 440,000 tonnes. In the first eleven months of 2020, alumina production in West Europe amounted to 5.142 million tonnes, 2.67...
LME aluminium price edged lower for the second consecutive day at US$1995.50/t; SHFE decreased to US$2398/t
The LME complex were mostly higher on Wednesday, with aluminium added 0.68 per cent. Benchmark aluminium price on the London Metal Exchange, however, extended drop by 0.22 per cent to finish the day at US$ 1995.50 per tonne on December 30. LME aluminium cash (bid) price and LME official settlement price stood at US$ 1995.50 per tonne on December 30, down by US$ 4.5 per tonne from US$ 2000 per tonne on December 29. 3-months bid price and 3-months offer price declined by US$ 7 per tonne from US$ 2004 per tonne to US$ 1997 per tonne. Dec 21 bid price and Dec 21 offer price came in at US$ 2025.50 per tonne. The LME aluminium opening stock declined from 1366275 tonnes to 1351250 tonnes on Wednesday, December 30. Live Warrants stood at 1188175 tonnes, while Cancelled Warrants at 163075 tonnes....
AlCircle launches new report - Aluminium Industry Recap 2020
As the year 2020 comes to an end, AlCircle recapitulates the year in its new report Aluminium Industry Recap 2020 . The report compiles the new major innovations, investments, expansions, and policy changes that either shaped or disrupted the global aluminium industry value chain in 2020. The primary aim of the report is to touch upon the significant developments of this year vertical wise, in a bid to analyse how every vertical influenced each other’s growth or counter-growth. Moreover, the developments are not only interpreted chronologically but analytically to help the readers have a critical understanding of the movement of aluminium value chain and how that turned around the market. Overall, 2020 was a year of mayhem for the aluminium industry caused by the most unprecedented...
COVID19 double whammies India’s light weight vehicle market; Sales to drop by 22-25% affecting aluminium consumption
The light vehicle market in India is estimated to see a drop in 2020, with sales falling 22-25 per cent, found two top global vehicle forecasting firms. This will be the highest decline among the top ten global markets, bringing India's position down below the top five. India is estimated to lose its No.5 position to South Korea in 2020 as the automobile market remained less affected in Korea than in India due to the COVID19 pandemic. India’s light vehicle production is likely to close at 3.2 million tonnes at the end of 2020, recording a decade low. Sales are anticipated to come in at 14.9 million units compared with 76.5 million units a year ago, according to HIS Markit. India lost almost three months of production or about 900,000 units than in 2019, said Gaurav Vangaal, IHS Markit’s...
Vedanta extends aluminium product price cut by INR1500/t with effect from December 30
Vedanta Limited has extended the price cut of its aluminium products and aluminium ingot with effect from Wednesday, December 30. Marking the second consecutive decline, Vedanta’s aluminium wire rod price has come in at RMB 173,750-181,250 per tonne on December 30, down by INR 1500 per tonne from INR 175,250-182,750 per tonne on December 22. Vedanta’s aluminium billet price is standing at INR 174,250 per tonne, shrinking by INR 1500 per tonne as well from INR 175,750 per tonne on the previous day. With the latest cut, Vedanta is now selling its aluminium ingot at INR 166,250-179,250 per tonne, compared to INR 167,750-180,750 per tonne a week ago. This also represents a downfall of INR 1500 per tonne. Vedanta links its aluminium product and aluminium ingot prices to the three-month futures...
World alumina production up by 5.67% Y-o-Y to 11.385MT in Nov’20; Total production during Jan-Nov edged higher by 1%
World alumina production in November 2020 stood at 11.385 million tonnes, representing a month-on-month downfall of 1.10 per cent, according to the data revealed by the International Aluminium Institute (IAI). In October, world alumina output was 11.511 million tonnes, up by 6.04 per cent from 10.855 million tonnes in September 2020. Total production in those three months (September-November) came in at 33.751 million tonnes, 2.78 per cent higher than 32.838 million tonnes during the same period last year. On a year-on-year basis, world alumina production in November stood up by 5.67 per cent from 10.774 million tonnes. Total alumina production in the first eleven months of the year (January-November) amounted to 121.912 million tonnes, 1.05 per cent higher year-on-year than 120.640...
A00 aluminium ingot price extends decline for the third consecutive day to RMB15770/t; Imported alumina price grows by RMB25/t
A00 aluminium ingot price in China has extended downfall by RMB 100 per tonne to stand at RMB 15,770 per tonne on Wednesday, December 30, marking the third consecutive day of decline, according to the Shanghai Metals Market. The average prices are expected to range between RMB 15,750 per tonne and RMB 15,790 per tonne, with spot contract to be traded at a premium price of RMB 60-100 per tonne, down by RMB 70 per tonne from the previous day. In Foshan, the price has declined the highest by RMB 160 per tonne to RMB 15,890 per tonne on December 30, followed by the fall of RMB 130 per tonne in Chongqing to RMB 15,780 per tonne. In Tianjin and Wuxi, A00 aluminium ingot price has decreased by RMB 120 per tonne and RMB 110 per tonne, respectively, to come in at RMB 15,770 per tonne and RMB...
India begins anti-subsidy investigation against Malaysia’s aluminium primary foundry alloy ingots exports
According to a recent report, India has started probing into alleged subsidised aluminium products exports by Malaysia, following a complaint by the domestic industry. The news came after the Directorate General of Trade Remedies (DGTR) began an anti-subsidy investigation to examine if Malaysia’s subsidised aluminium primary foundry alloy ingots exports were affecting the domestic industry. At first, Vedanta Limited and Bharat Aluminium Company Limited (BALCO) filed an application urging the initiation of a probe into subsidised imports of aluminium products originating in or from Malaysia. Aluminium primary foundry alloy ingots are primarily used for automobile and steel applications. Both Vedanta and BALCO requested the imposition of countervailing duties on imports alleging subsidised...
