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.
AlCircle launches Aluminium Industry Recap 2019: A Look Back at the Global Value Chain
That time of the year has again come when AlCircle launches its Aluminium Industry Recap report to give an opportunity to its readers to look back at the key developments in the year gone by. Presenting the same opportunity, the Aluminium Industry Recap 2019 edition has compiled all the new innovations, projects, mergers and acquisitions, investments, and policy changes that shaped or disrupted the global aluminium industry value chain over the year 2019. The primary aim of the report is to touch upon the major developments of the year vertical wise, which influenced each other driving growth or counter growth. And most importantly, the developments are not only interpreted chronologically but also analytically so that the readers can easily conclude the movement of the entire aluminium...
US aluminium crude metal and alloys exports to Mexico extended decline in September by 18%
According to the United States Geological Survey, the US aluminium crude metal and alloys exports to Mexico saw a decline of 18 per cent in September. From 8,520 tonnes in August, the export volume reportedly came down to 6,970 tonnes in the succeeding month. The United States exports in July were 9,420 tonnes, which represent the fact that the export volume in August dropped by 9.5 per cent. However, the export in July remained flat, as that in June was 9,320 tonnes, according to the USGS data. The total United States aluminium crude metal and alloys exports to Mexico in those four months were 34,230 tonnes, while that in the nine months 87,200 tonnes. Year-on-year, the exports in September 2019 were down by 40 per cent from 11,600 tonnes to 6,970 tonnes. The exports during...
Hindalco and Vedanta cut aluminium prices by 1% after two consecutive hikes
After raising prices two times in a row, Hindalco Industries Limited reduced the prices of aluminium ingots, billets, and wire rods by 1 per cent, with effect from Saturday, January 4. From INR 145,250 per tonne, as of December 25, Hindalco decreased the aluminium ingot price by 1.03 per cent to INR 143,750 per tonne, while that of the aluminium billets and wire rods, the company reduced the prices by 0.98 per cent and 0.96 per cent respectively. Therefore, the prices are now at INR 150,350 per tonne and INR 154,350 per tonne, compared to INR 151,850 per tonne and INR 155,850 per tonne in the previous week. The three-month futures of aluminium rose nearly 6 per cent on the London Metal Exchange in the December quarter, and Hindalco raised prices of its aluminium products by 4 per cent in...
Odisha aluminium producers should make optimum use of its capacity to meet national demand, says Vedanta CEO
In a recent interview with Orissa POST, Chhavi Nath Singh, CEO of Vedanta Limited, Jharsugda, called attention to Odisha’s mining potentials while speaking about the company’s role and vision for the state in 2020. He said the industries must strive for self-reliance in sectors where the states have natural advantages. For instance, in the case of aluminium, Odisha boasts of having high-quality raw materials like bauxite and coal. If these opportunities are not encashed, the state will remain a deficit economy. By this he meant, Odisha, which houses India’s major primary aluminium producers, should utilise the capacities to cater to more than the current 40 per cent of the national demand, instead of importing in abundance. He even noted that Odisha has stable governance and civic life,...
Aluminium stocks at Japan ports rose 0.9% M-o-M and 7.71% Y-o-Y in November
According to a recent report from Reuters, aluminium stocks held at three major Japanese ports at the end of November were up by 0.9 per cent from 318,200 tonnes in October to 321,000 tonnes. In October, the stocks had fallen by 2.6 per cent from 326,473 tonnes in September, which was flat in comparison with 326,100 tonnes in August. Marubeni Corporation data showed the aluminium stocks at three major ports at Yokohama, Nagoya, and Osaka in November stood at 155,000 tonnes, 151,200 tonnes, and 15,000 tonnes respectively. This represents a month-on-month drop of 4 per cent in the stocks at Yokohama in November compared with 161,000 tonnes of stocks in October. At Nagoya, the stocks recorded a month-on-month rise of 7 per cent in November from 141,700 tonnes of stocks in October. At Osaka,...
Primary aluminium inventories remain unchanged over the weekend; A00 aluminium ingot price drops
Shanghai Metals Market showed social inventories of primary aluminium today, on January 6, barely changed over the weekend in China, continuing to remain at 610,000 tonnes. Last Thursday, January 2, the inventories increased to 610,000 tonnes after rising by 18,000 tonnes week-on-week, which indicate the facts that the inventories are likely to reverse the months-long decline to trend higher. In some cities of China, the inventories rose today, while in some decreased. For instance, in Wuxi, Nanhai, and Chongqing, the inventories inched up by 6,000 tonnes, 3,000 tonnes, and 1,000 tonnes respectively to stand at 190,000 tonnes, 131,000 tonnes, and 14,000 tonnes. In Shanghai, Gongyi, Hangzhou, and Tianjin, the inventories dropped by 5,000 tonnes, 2,000 tonnes, and 1,000 tonnes to come in at...
A00 aluminium ingot price was on upswing this week amidst primary aluminium inventories rise
After the downtrend since March 2019, the primary aluminium inventories recorded two consecutive rises this week, found Shanghai Metals Market. On Monday, December 30, the inventories grew by 2,000 tonnes over the weakened to stand at 594,000 tonnes, while on Thursday, January 2, it increased further by 18,000 tonnes over the entire week to come in at 610,000 tonnes. So, compared with Monday, the inventories witnessed a growth of 16,000 tonnes. But despite the rise in inventories, the A00 aluminium ingot price did not shy away from recording a growth in the beginning of the week. On Monday, December 30, the price of A00 aluminium ingot climbed up by RMB 80 per tonne to RMB 14,510 per tonne, which again succeeded by further growth of RMB 30 per tonne and RMB 40 per tonne to stand at RMB...
Downstream Recap 2019; Demand grew marginally on global economy slowdown, but the future potential use boosted new projects
The use of downstream aluminium products has been seeing a potential growth over the years, driven by the automotive and packaging industries. Automakers’ focus on making lightweight, fuel-efficient vehicles has been lending a further boost to it, resulting in many new investments and expansions in the industry. But in some parts of the world, the growth in demand remained slow, attributing to the global economic downturn. Let us here take a quick view to the downstream aluminium products demand trend in the past year. Global downstream aluminium demand Europe in 2019 saw a 1.5 per cent growth in aluminium flat-rolled aluminium products, said Mr Catsaros at International Aluminium 2019 Conference. Demand hovered at 5.4 million tonnes, which is expected to increase to 5.5 million tonnes in...
US aluminium exports to Taiwan during January-September increased 11.31% YoY
The United States Geological Survey data showed the United States total exports of aluminium, including scrap, to Taiwan came in at 54,100 tonnes during January-September 2019, up 11.31 per cent from 48,600 tonnes in the same period last year. In September, the US aluminium exports to Taiwan stood at 5,300 tonnes, which in the year last was 4,470 tonnes. This shows the exports in September also witnessed a year-on-year rise by about 18.56 per cent. However, on a monthly basis, the export amount in September stood down marginally by 3 per cent compared with 5,460 tonnes in August 2019. Of the total aluminium exports from the US to Taiwan, aluminium scrap accounted for the highest amount in September. The USGS data showed the country exported 4,420 tonnes of aluminium scrap to Taiwan in...
362 workers at Aluminij Mostar lose jobs, says report
Only days after the management at Aluminij Mostar, Bosnia, resigned, the plant reportedly handed over layoffs to 362 workers, that is, to the remaining workforce of the bankrupt giant. According to the report, dismissals were handed over to the workers with varied notice periods, so that the plant could be able to finish the backlog before closing down. Aluminij deliberately chose to conclude the layoff action at the end of the year to ensure that all those losing their jobs receive severance pay. Also, many of those laid off this week would be engaged in high-voltage and high-voltage maintenance field on new contracts after January 31. However, despite the layoffs, the management is continuing to negotiate with Israeli conglomerate and Chinese investors consisting of China Machinery...
LME aluminium price shrinks as US dollar price recovers from its six-month low; SHFE aluminium drops too
The US dollar recovered from a six-month low on Thursday, the year’s first trading day, as demand for the safe-haven dollar picked up after bleak data out of Germany and the UK weighed on the euro and pound. The dollar index, which tracks the greenback against a basket of other currencies, finished up 0.3% at 96.82. Three-month LME aluminium fell to a two-week low of $1,786 per tonne before it trimmed some losses and finished at $1,800.5 per tonne, as investors covered their bullish position. Trading range is seen between US$1,790-1,820 per tonne. As on January 2, Thursday, LME aluminium cash (bid) price stood at US$ 1771 per tonne, while LME official settlement price at US$ 1772 per tonne; 3-months bid price came in at US$ 1803 per tonne, 3-months offer price at US$ 1830.5 per tonne; Dec...
Vedanta to bid in the forthcoming rounds of bauxite auctions, report says
According to a report on December 31, Anil Agarwal-led Vedanta Limited declared that it would bid in the impending rounds of auctions for bauxite and iron ores, while looking forward to the government’s action towards restructuring the import duties of primary aluminium, scrap and downstream products. Besides, Vedanta is also evaluating a proposal to buy the government’s 53.29 per cent stake in Bharat Petroleum Corporation Limited (BPCL) and residual stake in Hindustan Zinc Limited. Currently, Vedanta has 64.92 per cent stake in Hindustan Zinc Limited, which is valued at INR 56,817 crore, while the government has a stake of 29.85 per cent worth INR 26,449 crore. Mr Agarwal expects the Indian government to open more coal blocks for commercial mining, as it will significantly raise the...
Primary aluminium inventories record growth after downtrend since March 2019; A00 ingot price climbs up too
The social inventories of primary aluminium in China usher the year 2020 with a growth of 18,000 tonnes over the week, indicating a potential end to the continued inventory downtrend since March 2019. Thus, the stocks across eight major consumption areas, including SHFE warrants, as of today, January 2, have come in at 610,000 tonnes, in compare to 592,000 tonnes on last Thursday, December 26, after declining by 12,000 tonnes week-on-week. As can be seen in the above chart that except in the two major cities, the inventories have increased in the rest of the cities, such as Shanghai, Nanhai, Gongyi, Hangzhou, and Linyi, where the inventories have climbed up by 2,000 tonnes, 19,000 tonnes, and 1,000 tonnes, respectively, to stand at 114,000 tonnes, 128,000 tonnes, 55,000 tonnes, 53,000...
China’s aluminium scrap imports from US extend decline in September by 26.03% M-o-M
China’s aluminium scrap imports from the US have been declining over the past few months this year and September was of no exception, as found by the United States Geological Survey. According to the survey data, China in September imported 19,600 tonnes, down by 26.03 per cent from 26,500 tonnes in August. In July, China’s import volume from the US was 31,300 tonnes, which represents the fact that the import in August inched down by 15.33 per cent. In July, the import volume decreased by 1.57 per cent from 31,800 tonnes in June. In total, China’s aluminium scrap imports from the US during June-September amounted to 109,200 tonnes, while that in the total nine months amounted to 300,000 tonnes. Year-on-year, China’s aluminium scrap imports from the United States in September 2019 was down...
Xiaomi launches second generation Yuemi mechanical keyboard with aluminium alloy body
The Chinese tech giant Xiaomi has recently unveiled the second-generation 87-key Yuemi mechanical board featuring aluminium alloy body. It comes with a price tag of RMB 299 price tag ($42). The first generation of Yuemi mechanical board launched in October 2016 had also come with 87 keys and price tag RMB 299. In the second generation, the 87 keycaps are made with a dual colour design made from TTC red shaft and ABS materials. The keyboard, retaining the dimensions at 35358mm x 128mm x 31.6mm and weighing 940g, has a six layer design and the body made of H32 aluminium alloy steel with an excellent finish and offers more wear resistance. The second-generation Yuemi mechanical board also comes with four different levels of LED backlight. It has a built-in 32-bit ARM main control chip,...
US aluminium plates, sheets and bars imports from Canada grew M-o-M in September by 8%
After a drop in August 2019, the United States aluminium plates, sheets and bars imports from Canada were found rebounded in September by about 8.28 per cent to 18,300 tonnes, according to the United States Geological Survey data. In August, the import amount was 16,900 tonnes after declining by 6.11 per cent from 18,000 tonnes in July. But since in June, the country had imported 16,500 tonnes of aluminium plates, sheets and bars from Canada, the import volume in July was a gain of 9.09 per cent. In the entire four months during June-September, the United States aluminium plates, sheets and bars imports from Canada totalled at 69,700 tonnes, while its imports from Canada in the entire year up until September amounted to 146,000 tonnes. In the first nine months of 2018, US imports from...
LME aluminium price gained on extended drop in US dollar; SHFE aluminium recorded a rise too
The US dollar extended its weakness and fell for the third straight session on Monday as investors favoured riskier assets. The dollar index, which tracks the greenback against a basket of other currencies, lost 0.24 per cent. LME base metals mostly fell while the SHFE complex closed mixed overnight. LME aluminium remained flat, while SHFE aluminium grew marginally by 0.07 per cent. Three-month LME aluminium traded range bound above the five-day moving average, ending at $1,823.5 per tonne. LME aluminium is likely to be traded at $1,810 per tonne to $1,830 per tonne. As on December 30, Monday, LME aluminium cash (bid) price stood at US$ 1790 per tonne, LME official settlement price stands at US$ 1791 per tonne; 3-months bid price stands at US$ 1821 per tonne, 3-months offer price is US$...
Steal Deal: Six Popular AlCircle Reports in a Special Year-End Combo Offer
That time of the year is here when you have to bid farewell to one year and welcome another. So, to make this moment memorable, AlCircle presents a ‘Special Year-End Combo’ offer consisting of its 6 most popular reports that will take you down to the market trend in the past and give a brief outlook to the future analysis. The reports included in the offer are as follows: Aluminium Foil and its End uses: Current Trends and Forecast Red Mud (Bauxite Residue) Management: Storage & Valorisation A Worldwide Market Analysis of Aluminium Wire rod, Cables & Conductors - Industry forecasts to 2025 The World of Aluminium Extrusions - an industry analysis with forecasts to 2025 World Recycled Aluminium Market Analysis - Industry Forecast to 2022 Aluminium Dross Processing: A Global Review At the...
