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.
Aluminium billets inventories record a growth of over 3,000 tonnes today after 12 weeks of decline
According to Shanghai Metals Market, the stocks of 6063 aluminium billets across five major consumption areas in China have grown today, on January 9, after three months of back-to-back decline. Compared with 49,900 tonnes on last Thursday, January 2, the billets inventories today, on January 9, are hovering at 53,200 tonnes. This means the stocks have increased by 3,300 tonnes over the week, in comparison to the decline of 700 tonnes last week. The below chart indicates the current status of aluminium billets inventories across China in more details: Among all the Chinese cities, Foshan has only witnessed a growth of 39 per cent to stand at 26,400 tonnes. In other cities like Wuxi, Changzhou, and Huzhou, the inventories have declined from 12,100 tonnes to 10,600 tonnes, 4,800 tonnes to...
LME aluminium dipped to US$1771.50/t on rising trend of US dollar; SHFE extends growth
The US dollar index, which measures the greenback against a basket its rivals, rose on Wednesday, as investors grew more optimistic that Iran’s attack on US forces in Iraq was unlikely to escalate into a full-blown regional conflict. Three-month LME aluminium extended its decline on Wednesday, shedding 0.96 per cent to end at US$1,800.5 per tonne. The build-up of short positions primarily accounted for the loss. LME aluminium is expected to trade at US$1,780-1,820 per tonne today. As on January 8, Wednesday, LME aluminium cash (bid) price after dipping from US$ 1793.50 per tonne stood at US$ 1771.50 per tonne, while LME official settlement price at US$1771.50 after inching down from US$1794 per tonne. 3-months bid price stood at US$ 1805 per tonne and 3-months offer price US$ 1806 per...
JPMC and Alufluoride Ltd to jointly set up aluminium fluoride factory in Jordan
On Wednesday, January 8, the Jordan Chemicals Company, fully owned by the Jordan Phosphate Mines Company (JPMC), and Alufluoride Limited of India signed an agreement to set up an aluminium fluoride factory in Jordan. As per the deal signed, the first phase of the project includes building the factory, worth $25 million, in Al Shidiyeh region in Maan, and also the modernisation of the JMC’s aluminium fluoride plant in Aqaba for producing aluminium fluoride at the same cost. The JPMC will reportedly supply 20,000 tonnes of fluosilic acid annually to the new factory. Fluosilic acid is a secondary product of phosphate extraction in the Shidiyeh mines. Commenting on the agreement, JPMC Chairman Muhammad Thneibat said it was important as part of the company’s efforts to move towards conversion...
Alba marks a new milestone by producing above 1.36 million tonnes aluminium in 2019
Aluminium Bahrain B.S.C. (Alba), the world’s largest aluminium smelter ex-China, has announced that its aluminium production in 2019 exceeded 1.36 million tonnes, marking a new milestone. Compared with 1,011,101 tonnes of production in 2018, Alba’s output in 2019 increased by 35 per cent over the year and stood at 1,365,005 tonnes. Besides this record production, Alba also achieved Zero Fatality and Zero Lost Time Injuries (LTIs) operations in 2019, said the company itself at a small gathering held at Alba Oasis on Tuesday, January 7, 2020. The gathering was attended by Alba Executive Management, Directors, Managers and employees from various departments. While commenting on setting a new milestone, Alba’s Chairman of the Board of Directors Shaikh Daij bin Salman bin Daij Al Khalifa said:...
A00 aluminium ingot price records a marginal growth of RMB10/t today after three consecutive rises
After three consecutive declines ranging between RMB 14,560 per tonne and RMB 14,450 per tonne on January 3, 6, and 7, the average A00 aluminium ingot price has recorded a marginal rise of RMB 10 today, on January 8, to stand at 14,460 per tonne. The average prices are expected to range between RMB 14,440 per tonne and RMB 14,480 per tonne, with spot contract to be traded at a premium price of RMB80-120 per tonne. Except Hangzhou, where the aluminium ingot price has increased by RMB 10 per tonne to RMB 14,440 per tonne, other major cities in China have witnessed shrink in the price today, found SMM. While in Foshan and Chongqing, the price has declined by RMB 50 per tonne, in Linyi and Gongyi, the price has dwindled by RMB 20 per tonne and RMB 15 per tonne to RMB 14,460 per tonnes and RMB...
Bridgnorth Aluminium achieves certification against ASI Performance Standard
According to a recent report, the UK-based aluminium flat-rolled products company Bridgnorth Aluminium has successfully secured ASI Performance Certification for responsible production, sourcing and stewardship of aluminium. The certification covers the manufacture of lithographic coils, foilstock, transformer windings and formable aluminium strips/coils for automotive heat and sound absorbing components. The operations of Bridgnorth include casthouses, rolling mills, two Litho Centres, a multi-slitting line and finishing lines. Since 1933, the company has been manufacturing aluminium strips. The ASI Certification is the only comprehensive voluntary sustainability standard initiative for the aluminium value chain. It sets out 59 criteria under the three sustainability pillars of...
Weiqiao cuts prebaked anode purchasing price by RMB70/t; Average prebaked anode price in China remains unchanged
According to Shanghai Metals Market, Shandong Weiqiao Group, the top aluminium producer in China has cut its prebaked anode benchmark purchasing price for January. The price is reduced by RMB 70 per tonne from December, marking the seventh straight month of cut. SMM data shows the prebaked anode purchasing price for January is RMB 2,600 per tonne in cash. The price in December was RMB 2,670 per tonne, after declining by RMB 130 per tonne from RMB 2,800 per tonne in November. In September and October, Weiqiao’s prebaked anode benchmark purchasing price was RMB 2,925 per tonne and RMB 2,900 per tonne, respectively. However, despite the cut in Weiqiao’s benchmark purchasing price, the average prebaked anode price in east China has remained unchanged today, on January 7, from RMB 2,780 per...
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...
