LME aluminium prices moved higher across cash and forward contracts on September 25, while the Asian Reference Price and alumina Platts price also increased. Opening stocks remained unchanged, while cancelled warrants rose sharply. The LME aluminium cash bid price rose 0.80 per cent to USD 3,253 per tonne on September 25 from USD 3,227 per tonne on September 24 . The cash offer price showed a similar trend. It also increased 0.80 per cent to USD 3,254 per tonne from USD 3,228 per tonne. Explore the production, demand and consumption forecasts of bauxite and alumina in our report: " Global Bauxite & Alumina Market Forecast to 2036: Supply–Demand, Trade Flows & Price Outlook " The three-month aluminium bid price rose 0.40 per cent to USD 3,265 per tonne from USD 3,252 per tonne, while the...
According to SMM statistics, changes in aluminium ingot and aluminium billet (collectively referred to as aluminium inventory) inventories at major consumption areas in China around the National Day holiday from 2020 to 2026 show overall destocking before the holiday, with the most concentrated inventory buildup during the holiday, followed by a pullback after the holiday. During the one-week National Day holiday period (September 30 to October 8) from 2020 to 2025, aluminium ingot, aluminium billet, and total aluminium inventories all accumulated, with aluminium ingot increases of 4-17.3 per cent, aluminium billet increases of 12.7-66 per cent, and total aluminium inventory increases of 6.9-21.2 per cent, with the aluminium billet buildup significantly larger than that of aluminium...
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Under the patronage of H.H. Sayyid Harib bin Thuwaini Al Said, Assistant Secretary General of the Council of Ministers for Conferences, Sohar Aluminium is gearing up to host the 2017 Arab International Aluminium Conference (ARABAL). Scheduled to take place in Muscat from November 7th – 9th 2017, the event will be attended by all of the region’s primary aluminium manufactures, in addition to top executives from a cross section of industries, VIPs and over 500 delegates from 30 countries. “The aim of ARABAL is to establish greater collaboration between the leaders and decision-makers in the aluminium industry in the region. The event has become one of the leading and specialized conferences in the aluminium sector, and as the organisers of ARABAL 2017, we are very delighted to have the...
LME aluminium reversed its temporary downtrend and edged higher to cross the US$2,000 per tonne mark. The light metal which retraced its September 18 lows of US$2,067 per tonne on Monday, October 2, increased to US$2,114 per tonne on Tuesday, October 3. A study of the recent price trend suggests that LME aluminium will continue to trade higher in the range of US$2,110-2,130 per tonne in the short term. The rise in the light metal contract price can be explained in the light of steady demand, low inventory level, and a falling crude oil. December U.S. Dollar Index futures though trading higher shortly before the regular session opening the market seems to have given up most of its earlier gains, suggesting the rally has run out of buyers, observed analyst James Hyerczyk, FX Empire (partner...
A high delegation from Line 6 EPCM contractor for Aluminium Bahrain B.S.C., International Bechtel Co. Ltd. (Bechtel), led by its President and Chief Operations Officer Jack Futcher and President for Mining & Metals Paige Wilson paid a visit to the office of Alba’s Board of Directors Chairman, Shaikh Daij Bin Salman Bin Daij Al Khalifa on Wednesday September 20, 2017. The delegates discussed about the progress of the Line 6 Expansion Project. After the discussion with them, the Chairman of Alba’s Board of Directors issued a statement announcing that the pouring of its First Hot Metal (FHM) will take place by January 01, 2019. Aluminium Bahrain B.S.C. (Alba), the Bahrain-based international aluminium smelter, is taking solid steps in building its present and future portfolio with the...
The global aluminium industry is at an inflection point. Production bases of Aluminium, CPC, CTP, and Prebaked Anodes had long started their shift from the West to Asia. Today, China is at the driver’s seat, as far as aluminium and carbon raw materials supply and demand is concerned, and is steering the price movements across these sectors. However, with China stepping up its environmental pollution control regulations many enterprises are being forced to slash their capacity and this is creating wide-scale supply-side uncertainties. Now, the aluminium producers outside China who would rely on the China, a bit too excessively for their CPC, CTP, and prebaked anode requirements are trying to look for alternative procurement sources to sustain production over the long term. AlCircle, the...
TRIMET Aluminium SE announced results for the 2016/2017 financial year (June 30). The company’s sales stood at approximately €1.24 billion. TRIMET Aluminium SE produced around 625,000 tonnes of primary and recycled aluminium in the 2016/2017 financial year. The company produced about 390,000 tonnes of primary aluminium and 235,000 tonnes of recycled aluminium. “Approximately 210,000 tons of the total production were supplied in the form of liquid metal, and the remaining 415,000 tons as formats or ingots,” according to the company press release. Dr. Martin Iffert, CEO of TRIMET Aluminium SE.“After integrating new production sites in previous years, last year we prepared TRIMET for continued and stable future growth. This included continued investments in all areas of the company, as well...
His Excellency Dr. Thani Ahmed Al-Zeyoudi, Minister of Climate Change and Environment of the United Arab Emirates, and business leaders today attended an event held by Emirates Global Aluminium on re-using industrial wastes. The event was held under the Ministry of Climate Change and Environment’s ‘UAE Toward Cleaner Production’ initiative to reduce UAE industry’s impacts on the environment and improve its global competitiveness. At the event, HE Al-Zeyoudi recognised EGA, Eco Cem Industrial Ecology, Eco Industrial Solutions, JK Cement Works, Lafarge Emirates Cement, Pioneer Cement Industries, Union Cement Company, and Star Cement for their pioneering work since 2010 to re-use waste from aluminium smelting in cement manufacturing. Last year EGA supplied over 37,000 tonnes of spent pot...
LME aluminium has come under pressure. With the US Dollar index trading higher by 0.5 per cent on the day (October 3), the light metal contract crossed the US$2,000 per tonne mark and fell into the US$2,065-US$2,085 range. After night trading on October 2, Monday, LME aluminium closed at US$2,067 per tonne, down from US$2,110 per tonne on Friday, September 29. As on October, LME official cash buyer aluminium price (Bid Price) stands at US$2,066 per tonne, cash seller & settlement aluminium price (Offer price) is US$2,067.50 per tonne, 3M Bid Price is US$2,089 per tonne, 3M Offer Price is US$2,090 per tonne, Dec3 Bid Price is US$2,135 per tonne, and Dec3 Offer Price is US$2,140 per tonne. LME aluminium Opening Stock or the LME aluminium inventory level stands at 1259025 tonnes, total Live...
According to an update by Shanghai Metals Market, aluminium followed lead in monthly average price gains among base metals in September. SMM monthly average aluminium price rose RMB 599.07/tonne or 3.84% to RMB 16,194.29/tonne. Currently, China market is closed due to the week-long Chinese National day holiday and there is no latest price update. As for environmental checks are concerned, SMM updates that Hebei is expected to launch another round of environmental crackdown from October 1. The process will take about 25 days to complete. In the same line, Guizhou prepares environmental protection tax, doubling current sewage charge. The tax amount of air pollutant is RMB2.4 per pollutant equivalent and for water pollutant is RMB 2.8 per pollutant equivalent. Chengdu is going to carry out...
According to numbers released by the state, the People’s Republic of China will see a 6-percent rise in refined aluminium demand in 2018, rising from this year’s estimated demand of 34.8 million metric tons to 36.9 million metric tons. Beijing Antaike Information Co., Ltd (Antaike) indicated in its report that demand from aluminium alloy wall, aluminium bridge, and solar aluminium extrusion sectors have propelled demand recently, more than making up for a drop-off in demand from the construction, transport, electronics, and power sectors. According to Antaike’s numbers, domestic supply was sufficient to meet demand. Their numbers show a domestic aluminium supply of 18.59 million metric tons per annum through the first half of 2017, a rise of 19.8 percent year on year. Demand over that...
LME aluminium is under moderate pressure as US Dollar index is still on an upward track. The light metal contract closed at US$2,110.50 per tonne on Friday, September 29, up from US$2,102 per tonne on Thursday, September 28. Reuters’ technical analysis suggests that LME aluminium may break a support at US$2,103 per tonne and drop further in the range of US$2,068-$2,081 per tonne in the short term. A bounce from the current level could be limited to US$2,125 per tonne. Source:www.lme.com As on September 29, LME official cash buyer aluminium price (Bid Price) stands at US$2,110 per tonne, cash seller & settlement aluminium price (Offer price) is US$2,110.50 per tonne, 3M Bid Price is US$2,132.50 per tonne, 3M Offer Price is US$2,133 per tonne, Dec3 Bid Price is US$2,243 per tonne, and Dec3...
More than 500 jobs could be created if plans to redevelop a former aluminium smelting site in Northumberland are given the green light. Harworth Estates Investments Ltd is proposing to build a 121,000sqm employment park in Lynemouth, having purchased the 71 hectare site in April 2015. The company said the park would be used for “general industry” and the number of buildings would depend on what businesses needed. Several buildings from the former Alcan smelting plant have been retained and companies currently based there employ more than 100 people. The planning application said this could increase to 650 if the plans for the park are given the go-ahead. Iain Thomson, associate director, partnerships and communications at Harworth Estates, said: “The benefits of what we’re proposing...
A00 Aluminum Ingot prices took a small jump across all major markets after two consecutive drops on September. The average price of A00 Aluminium Ingot would range between RMB 16,120 – 16,160/t and today’s average price stands at RMB 16,140/t, slightly up from RMB 16,120/t yesterday. A00 Aluminium Ingot in spot China market is trading at discounts of RMB 240 - 200/t on the last trading day before the week-long Chinese National day holiday. According to Shanghai Metals Market analysis, SHFE 1711 aluminium will range RMB 16,380-16,550/mt. Today’s aluminium A00 Aluminum prices across the various markets in China are presented in the table below: As for other raw materials are concerned, Average prebaked anode prices in East China, Central China, Southwest China and Northwest China market...
LME aluminium slips further down the price curve. The light metal which stood at around US$2,116-2,117 per tonne for the last two consecutive days, September 26 and 27, fell to US$2,102.50 per tonne on Thursday, September 28. Technical analysis suggests that LME aluminium may rise slightly into US$2,130-2,150 per tonne range on Friday, September 29; but any rise will be limited within a narrow range. Source: www.lme.com As on September 28, LME official cash buyer aluminium price (Bid Price) stands at US$2,102 per tonne, cash seller & settlement aluminium price (Offer price) is US$2,102.50 per tonne, 3M Bid Price is US$2,127.50 per tonne, 3M Offer Price is US$2,128 per tonne, Dec3 Bid Price is US$2,240 per tonne, and Dec3 Offer Price is US$2,245 per tonne. LME aluminium Opening Stock or...
LME aluminium has slowed down on its uptrend. The light metal contract which closed at US$2,116 per tonne last Tuesday, September 26, inched higher to close at US$2,117 per tonne on Wednesday, September 27. Technical analysis suggests that LME aluminium may move within US$2,120-2,140 per tonne on Thursday, September 28, meeting resistance at the 10-day moving average and testing support at the 20-day moving average due to a strong US dollar. As on September 27, LME official cash buyer aluminium price (Bid Price) stands at US$2,116.50 per tonne, cash seller & settlement aluminium price (Offer price) is US$2,117 per tonne, 3M Bid Price is US$2,139.50 per tonne, 3M Offer Price is US$2,148 per tonne, Dec3 Bid Price is US$2,250 per tonne, and Dec3 Offer Price is US$2,255 per tonne. LME...
Alcoa Corporation has been named a leader in the annual Dow Jones Sustainability Indices (DJSI) a recognized source for corporate responsibility and sustainability. In its first year as an independent company, Alcoa Corporation is included in the prestigious DJSI World Index. Alcoa’s former parent company was listed as a sustainability leader for 15 consecutive years. “Alcoa Corporation attributes its inclusion in the Indices to the ongoing dedication of our employees across the globe,” said Michelle O’Neill, Senior Vice President of Global Government Affairs and Sustainability. “Our corporate values, which are to act with integrity, operate with excellence, and care for people, drive our daily commitment to reducing the impact of our operations and increasing the value we bring to...
The leading Indian rating agency ICRA said on Tuesday that it expects the global aluminium deficit to widen this year on the back of Chinese production drop which may total up to 4 million tonne due environmental crackdowns. The agency said that base metal prices which are currently on an upward trend are expected to stay buoyant during the rest of FY2017-18. ICRA in its latest report said it "expects the deficit in the global aluminium market to widen in 2017 as a result of at least 4 million metric tonnes (MMT) of capacity cutbacks in China, due to the recent regulatory developments in the country." Explaining the effect of higher metal prices on Indian primary aluminium industry and other key non-ferrous industries, Jayanta Roy, SVP and Group Head, Corporate Sector Ratings, ICRA said,...
Petcoke requirement of the UAE has been surging riding humongous demand growth from the end user industries namely, energy, steel and aluminium. According to the global export-import data, the country’s petcoke imports will grow 12.2 per cent on a yearly basis reach 819,318 tonnes in 2017. In 2016, UAE’s petcoke import totalled 729,781 tonnes, up 6.5 per cent from the previous year. Calcined petcoke, which is obtained by further heat-treating petroleum coke is used to manufacture prebake anode used in the electrolysis process of aluminium smelting through Hall-Heroult Method. The biggest aluminium conglomerate in the UAE- Emirates Global Aluminium procures a substantial volume of its CPC requirement from China. In H1 2016, it imported 167,966 tonnes of anode grade CPC (at US$273 per tonne...
Aluminium Bahrain B.S.C (Alba), the first aluminium smelter in the Gulf, hosts the 32nd International Aluminium Conference that is being held from September 25 to 27, 2017 at the Gulf Hotel Bahrain. Held under the patronage of the Bahrain’s Minister of Industry, Commerce and Tourism, His Excellency Mr. Zayed bin Rashed Al Zayani, this conference featured many Keynote Speakers, to include Alba’s Chief Executive Officer, Tim Murray, who addressed Alba’s Success Story in Recovering Line 5 Safely and Efficiently. Alba’s CEO took also part in the Executive Panel session titled “Global Challenges and their Impact”. During his welcome address at the Conference, His Excellency Mr. Zayed bin Rashed Al Zayani, said: “Bahrain has one of the most transparent, progressive and open economies in the...
