One of the most prominent incidents we have witnessed in the downstream aluminium sector this week is the aluminium alloy price soar in China. On two consecutive days this week, aluminium alloy (A356) price saw a steep growth of RMB 1000 per tonne and more. After resuming from the Mid-Autumn Festival holiday on September 22, China’s aluminium alloy (A356) price surged by RMB 1,000 per tonne to stand at RMB 26,050 per tonne. On September 23, the price increased higher by RMB 1,250 per tonne to come in at RMB 27,300 per tonne.
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Another important event that grabbed our attention this week was the imposition of definitive anti-dumping duty by India on aluminium foil imports of thickness 80 microns and below from China, Malaysia, Thailand and Indonesia. On Monday, September 20, the Ministry of Finance, Govt. of India levied the duties, with validation period for five years. The duty ranges between $93.53-$976.99 per tonne depending on the producer and country of export.
The United States Department of Commerce also announced the final anti-dumping duties on the imports of certain aluminium foil from Armenia, Brazil, Oman, Russia, and Turkey, according to a report this week. A few months ago, the Commerce Department made a preliminary determination that aluminium foil imported from the above mentioned countries was being sold at a lower than the fair value. The United States had then enforced a cash deposit equivalent to 188.84 per cent of the product value until the final countervailing duties. Now, the countervailing or anti-dumping duties determined are as follows:
Armenia 29.11 percent
Brazil 13.93 to 63.05 percent
Oman 5.82 percent
Russia 62.18 percent
Turkey 4.88 percent
A report shows that Rusal, a leading global aluminium producer, is mastering the production of aluminium cast pipes together with Lipetsk Pipe Company Svobodny Sokol. The quality of pipes is comparable to products made from conventional materials.
The casting technology which Rusal uses makes it possible to produce pipes of up to 1 metre diameter and a length of up to 6 metres for the needs of housing and utility services, oil and gas production, as well as fire extinguishing. The weight of these aluminium pipes is three times lesser than cast iron analogues, owing to which, they are easy and cost-effective to transport and install, even in difficult areas.
To know more: https://www.alcircle.com/news/rusal-assists-svobodny-sokol-in-making-aluminium-cast-pipes-70432
On September 23, Constellium SE, the global manufacturer of aluminium rolled products, extruded products and structural parts based on a large variety of advanced alloys, announced that it would supply aluminium structural components for the recently introduced all-electric Ford F-150 Lightning that is expected to be available from Spring 2022. Constellium-supplied structural components for the F-150 Lightning comprise the windshield header, rocker, radiator support and others.
Aluminium billet inventories in China grew further this week ended September 23, 2021, to stand at 157,000 tonnes. According to the Shanghai Metals Market, inventories rose by 8,200 tonnes over the week across the five major Chinese consumption areas. Huzhou and Changzhou were the leading contributors to the growth caused by sluggish demand amid Mid-Autumn Festival Holiday.
The US Aluminium Association, the aluminium sector trade group, has praised the United States Department of Commerce for their final ruling that some importers from Russia as well as four other different countries are dumping some aluminium foils on the American market. The commerce department has already imposed final countervailing and antidumping duties on some aluminium foil exporters. ranging from 5.82 per cent to 63.05 per cent.
The Commerce Department revealed that imports from the 5 countries of unsupported aluminium foils of 0.2mm thick or less shipped in rolls of 25lbs. Not only this, it also found out that Oman and Turkey exporters were the part of unfair government subsidies.
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