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 records highest decline since April by falling RMB270/t; Aluminium alloy(A356) shrinks RMB300/t
According to Shanghai Metals Market, the A00 aluminium ingot price has recorded a sharp fall of RMB 270 per tonne to RMB 12,770 per tonne on Wednesday, May 13. This marks the highest decline in A00 aluminium ingot price since April 2020. On April 2 and April 21, the primary aluminium ingot price had fallen by RMB 220 per tonne to come in at RMB 11,300 per tonne and by RMB 240 per tonne to RMB 12,260 per tonne, respectively. The average prices today are expected to range between RMB 12,750 per tonne and RMB 12,790 per tonne, with spot contract to be traded at a discount of premium price of RMB 10-30 per tonne. Gongyi has seen the highest decline today among all other major provinces in China. The A00 aluminium ingot price there has declined by RMB 320 per tonne to RMB 12,820 per tonne,...
Three-month LME aluminium slipped on Tuesday by 1.14% to US$1,479.5/t; SHFE plunged to US$1802/t
The US dollar fell on Tuesday as the US Federal Reserve started its long-anticipated program to buy corporate bonds and the exchange traded funds that track them, but declines were kept in check by growing fears of a second wave of infections. Three-month LME aluminium slipped on Tuesday, erasing 1.14 per cent to close at US$ 1,479.5 per tonne. It needs tangible signs of a revival in demand to stage a rally. LME aluminium is likely to move to US$ 1,470-1,500 per tonne today. As of Tuesday, May 12, both LME aluminium cash (bid) price and LME official settlement price declined from US$ 1454.5 per tonne to US$ 1443 per tonne. 3-months bid price and 3-months offer price also decreased from US$ 1490.5 per tonne to US$ 1482 per tonne. Dec 21 bid price and Dec 21 offer price hovered at US$ 1608...
Alba receives International Safety Award with Merit – 2020 for good health and safety management
Aluminium Bahrain B.S.C (Alba), the world’s largest aluminium smelter outside China, has reportedly bagged International Safety Award with Merit – 2020 from British Safety Council. The award acknowledges Alba’s commitment to good health and safety management during 2019. Alba is one of the 250 global companies that has been awarded a Merit in the 2020 International Safety Awards. The International Safety Award recognises organisations from all around the world, which have demonstrated their commitments towards preventing workplace injuries and work-related ill-health. Commenting on the recognition received, Alba’s Chief Executive Officer Ali Al Baqali said: “Alba Safety culture is a reflection of the individual and collective efforts of our employees as well as contractors. We are pleased...
Tesla’s Shanghai Plant at sudden halt last week on component shortages: Source says
"American electric vehicle and clean energy company Tesla Inc." had temporarily stop production at its plant on the outskirts of Shanghai, China. The company informed the factory workers who were supposed to resume work after the five-day Labour holidays on last Wednesday, May 6, that their holiday was extended and they would return as soon as May 9. The news came after some people familiar with the matter reported on the condition of anonymity. The reason for such an abrupt halt in production was not very clear at that moment until a Chinese news site reported that it was because of component shortages. Tesla’s only car factory outside the United States was expected delays in receiving parts for its Model 3, while also facing problems with a crucial piece of manufacturing equipment....
Downtrend in Saudi Arabia’s aluminium semis exports to US continues in February 2020 on crippled demand
The United States Geological Survey found no notable development in Saudi Arabia’s aluminium plates, sheets and bars exports to the US in February 2020. In January, Saudi Arabia’s aluminium semis exports to the US were 7,470 tonnes, while that in February were 7,450 tonnes. The exports in January were down month-on-month by 27.47 per cent, as the aluminium plates, sheets, and bars exports from Saudi Arabia to the US were 10,300 tonnes in December. In November also, the exports were 10,300 tonnes, meaning they remained flat in December. Saudi Arabia’s total aluminium plates, sheets and bars exports to the US in the first two months of 2020 stood at 14,900 tonnes, down 38.25 per cent from 20,600 tonnes in the previous two months. Year-on-year, Saudi Arabia’s aluminium semis exports to the...
COVID-19 Impact: China’s secondary aluminium operating rates shrink in April on slow resumption of demand
According to Shanghai Metals Market data, operating rates across China’s secondary aluminium industry in April stood at 47.08 per cent, down 0.22 percentage point from a month ago. In March, China’s secondary aluminium producers’ operating rates were 47.32 per cent after rebounding by 29.2 percentage points from a month earlier. Year-on-year, China’s April secondary aluminium operating rates stood down by 11.22 percentage points, whereas in March, the operating rates were down by 16.37 percentage points over the year. The persisting impact of COVID-19 kept domestic and overseas demand subdued, resulting in the downfall in operations at secondary aluminium smelters. Producers saw a limited increase in new orders after they fulfilled previous ones. This, together with an increase in...
A00 aluminium ingot price rises marginally by RMB10/t; Bauxite price in Guangxi and Guizhou falls
Following a jump of RMB 190 per tonne, the "A00 aluminium ingot price" has recorded a marginal rise today, on May 12, found the "Shanghai Metals Market". Data shows the primary aluminium ingot price has increased by RMB 10 per tonne to stand at RMB 13,040 per tonne on May 12. The average prices are expected to range between RMB 13,020 per tonne and RMB 13,060 per tonne, with spot contract to be traded at a discount and premium price of RMB 10 per tonne to RMB 30 per tonne. Wuxi and Linyi provinces in China have seen a rise of RMB 20 per tonne in "A00 aluminium ingot price today" to stand at RMB 13,030 per tonne and RMB 13,180 per tonne, respectively. In Shenyang and Chongqing, the price has increased by RMB 15 per tonne and RMB 10 per tonne to RMB 13,035 per tonne and RMB 13,060 per...
China’s new energy passenger vehicle sales expand growth in April by 15% M-o-M: CPCA
According to the latest report from the China Passenger Car Association (CPCA) on Monday, May 11, China’s wholesale deliveries of new energy passenger vehicles in April came in at 64,000 units, down 30 per cent from the same period last year but up month-on-month by 14.8 per cent as the business recovered from the fallout from the coronavirus crisis. In March 2020, China’s new energy passenger vehicles wholesale deliveries were 56,000 units, marking a month-on-month rise of nearly three times from February. But compared to the same period last year, it was down by 49.2 per cent, according to CPCA data. This means China’s new energy passenger vehicle sales have been registering a monthly growth over the past few months, despite being down compared to the previous year. In April, wholesale...
Phase I electrolytic tanks of Wenshan Aluminium’s 500,000 tonnes smelting project comes online on May 5
According to a recent report, the Phase I electrolytic tanks of Wenshan Aluminium’s 500,000 tonnes per year aluminium smelting and hydropower project in Yunnan province came online last Tuesday, May 5. The Phase I capacity contains 62 electrolytic tanks, which are 500KA new integrated prebaked anode aluminium electrolytic cells. The phase II electrolytic tanks are in the pipeline. The total estimated investment required for this project is more than RMB 4 billion. Wenshan Aluminium, a subsidiary of Yunnan Aluminium, also runs an alumina refinery, which in the first quarter of 2020 produced 266,000 tonnes of alumina. There are 3.43 million tonnes of aluminium smelting and hydropower capacity that is under construction or has been built in Wenshan prefecture, according to official data.
China’s alumina production in April comes in at 5.65 million tonnes; Aluminium output grows to 2.96 million tonnes
According to the data from Shanghai Metals Market, China in April 2020 produced 5.65 million tonnes of alumina, including 5.4 million tonnes of metallurgical-grade alumina. The daily output came in at 179,800 tonnes, up 2.62 per cent month-on-the month but down 7.07 per cent over the year. In the first four months of 2020, China’s total output of metallurgical-grade alumina stood at 21.56 million tonnes, 8.61 per cent lower than the corresponding period last year. Smaller production cut in Shanxi and Henan driven by the easing impact of COVID19 together with the slight recovery of alumina prices boosted China’s daily alumina production in April. The increased output of alumina offset the cutback at production lines using imported bauxite at SPIC Shanxi Aluminium, Luoyang Wanji, and...
LME aluminium price trended up last week from US$1437/t to US$1450/t; SHFE increased today to US$1820/t
The US dollar declined in late trading on Friday, May 8, after official data showed a record 20.5 million job loss in the world's largest economy in April. But the greenback was on track to post its largest weekly gain compared with the euro in more than a month, although that was more related to the European single currency concerning the European Central Bank’s asset purchases. On Monday morning, May 11, the US dollar index, which tracks the greenback against a basket of its peers, remained below the 100 mark, while oil prices reversed an earlier slip caused by concerns over a persistent glut. The LME was closed for the bank holiday on Friday. All LME base metals strengthened last week. As of Thursday, May 7, LME aluminium cash (bid) price and LME official settlement price stood at...
COVID19 Fight: Tiwai Aluminium Smelter staff donate food and food vouchers to Southland's crisis helpers
On Friday morning, May 8, Tiwai Aluminium Smelter donated some groceries and grocery vouchers to the Southland Foodbank and the Salvation Army to lay support during this test of time due to COVID19. Workers of the smelter visited the food bank on Friday to deliver the donations. According to chairman of the Southland Foodbank Peter Swain, this will indeed help the food bank as the pressure of its services mount. Swain said the food bank was helping four to six families a day, but going ahead, the demand might increase as New Zealand moved to lower alert levels. He acknowledged the generous help of the Southlanders who ensured the food bank could continue operating. He said someone even donated three cattle beef that could be processed into mince. "As long as it comes in, we can give it...
Russia’s crude metal and alloys exports to the US rebound in February 2020
The United States Geological Survey data showed Russia’s crude metal and alloys exports to the US rebounded in February 2020 after month-on-month drops in the last two months. According to the USGS report, Russia’s exports in February were 17,700 tonnes to the US, compared to 13,100 tonnes in December 2019 and 9,260 tonnes in January 2020. This represents that February saw a month-on-month jump of 91.14 per cent in Russia’s crude metal and alloys exports to the US, following a decline of 29.31 per cent in January. In November, the export amount was 15,500 tonnes, meaning the export in December decreased by 15.48 per cent. Year-on-year, Russia’s crude metal and alloys exports to the US in February stood higher by 73.52 per cent, as the country during the same period last year had exported...
Kempsey Showground to be renovated with new portable aluminium seating arrangement
Kempsey Showground is reportedly undergoing a renovation getting some new portable aluminium seating. The Central North Coast National Agricultural Society, one of 122 rural show societies nationally, is sharing $20 million worth of grants to deliver renovation projects to local showgrounds after receiving $58,159 in the latest AgShows grants. The $20 million grants are to be used by each successful show society nationally for a range of infrastructure works, from small-scale upgrades to major overhauls and new builds. "The Kempsey Show is a major drawcard for the town, and it was sadly cancelled this year due to COVID-19," Federal Member for Cowper, Pat Conaghan said. This grant will enable the society to give a facelift to the showgrounds, installing sturdy, portable seating, which will...
A00 aluminium ingot price extends decline by RMB130/t; Aluminium alloy(A356) price down by RMB100/t
According to Shanghai Metals Market, the A00 aluminium ingot price has recorded a steep decline of RMB 130 per tonne to stand at RMB 12,840 per tonne on Friday, May 8. This marks the second consecutive decline following incessant rise, with an intermittent restraint, ranging between RMB 12,510 per tonne and RMB 12,980 per tonne. Today, the average prices are expected to range between RMB 12,820 per tonne and RMB 12,860 per tonne, with spot contract to be traded at a premium price of RMB 90-130 per tonne. Foshan has seen the highest decline of RMB 230 per tonne to RMB 12,890 per tonne, followed by Wuxi, Chongqing, and Tianjin, where the price has plunged by RMB 150 per tonne to RMB 12,830 per tonne, RMB 12,890 per tonne, and RMB 12,880 per tonne, respectively. In Hangzhou and Gongyi, the...
COVID19 Measures: Aluminium France taken initiative to import over 1.2 million masks for its members and partners
Aluminium France has reportedly organised and joined forces to import more than 1.2 million surgical masks and FFP2 for its members to provide them with necessary sanitary protection against the COVID19, and thus, encourage the resumption of business activities in the best possible conditions. This operation was primarily carried out with the help of the Eramet Group, which made available its sourcing centre located in China to allow a better supply of surgical masks and FFP2 for the entire sector. This helped Aluminium France to get connected with two Asian suppliers capable of producing and delivering masks within a few weeks. According to the report, the first set of masks has been already dispatched and distributed on French territory. More than 160 companies benefit from this...
China’s unwrought aluminium and aluminium products exports decline 11.4% YoY in April 2020
According to the data shown by the General Administration of Customs, China’s exports of unwrought aluminium and aluminium products decreased in April by 11.4 per cent over the year to 441,000 tonnes. In April 2019, China’s exports were around 491,274 tonnes. In March 2020, China had exported 518,600 tonnes of unwrought aluminium and aluminium products, down 5 per cent from 544,530 tonnes during the same period last year. This means the year-on-year decline expanded in April. Month-on-month, the exports plunged by 15 per cent. In the first three months, China’s total exports of unwrought aluminium and aluminium products had come in at nearly 1.19 million tonnes, which in April grew to 1.63 million tonnes. Compared to the last year, China’s total exports in the first four months of the...
Rusal’s Mykolaiv alumina refinery settles dispute with Ukrainian customs over bauxite supplies
Rusal’s Mykolaiv alumina refinery in Ukraine said on Tuesday, May 5, that it could settle the dispute with Ukrainian customs service regarding access to bauxite supplies and avoided temporary suspension of production . The refinery, located near Ukraine’s Black Sea coastline, primarily relies on overseas bauxite and exports alumina from its production to Rusal’s aluminium smelters in Siberia. Meanwhile, the Black Sea customs authority had blocked the import of bauxite raw materials into Ukraine, requiring additional fees, which led to almost a critical decline in bauxite stocks at the refinery. The management of the refinery then addressed directly to the President of Ukraine Volodymyr Zelensky for support, saying that it might have to stop production temporarily if the bauxite reserves...
