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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LME has been on a downward track for last few days after a big leap last week. The light metal contract which closed at US$2,128 per tonne on Monday, September 25, came down to close at US$2,116 per tonne on Tuesday, September 26. Technical analysis suggests that LME aluminium may test a support at US$2,125 per tonne, and as observed by Shanghai Metals Market, LME aluminium will move within USD 2,112-2,140/t today. As on September 26, LME official cash buyer aluminium price (Bid Price) stands at US$ 2,115.50 per tonne, cash seller & settlement aluminium price (Offer price) is US$ 2116per tonne, 3M Bid Price is US$ 2,136.50 per tonne, 3M Offer Price is US$ 2,137.50 per tonne, Dec3 Bid Price is US$ 2,247per tonne, and Dec3 Offer Price is US$ 2,252per tonne. LME aluminium Opening Stock or...
A00 Aluminum Ingot prices dropped across all major markets after correction on September 27, Wednesday. The average price of A00 Aluminium Ingot would range between RMB 16,130 – 16,170/t and today’s average price stands at RMB 16,150/t, down from RMB 16,230/t yesterday. A00 Aluminium Ingot in spot China market is trading at discounts of RMB 210 - 170/t. Aluminum Alloys Ingot (ADC12) prices have remained unchanged in all markets. The fall in aluminium A00 Aluminum prices in the major China market is presented in the table below: Aluminum processors in east China are in a rush to make purchases on Wednesday morning for upcoming 2017 Chinese National Day holidays from October 1 to 7. Downstream producers are driven by the currently falling aluminium prices. This allowed spot discounts to...
The special market insight by AlCircle titled “ Global Aluminium & Raw Material Market with Sectoral Focus on CPC, CTP and Prebaked Anode (2016-17)” has grabbed the industry’s attention. From smelters, raw material manufacturers and suppliers to third party vendors and consultants - everyone is showing genuine interest in the report. Some of the biggest names in the upstream aluminium sector have already even subscribed for it. With well-researched information and solid data-backed analysis, the report promises to provide comprehensive overview of aluminium, CPC, CTP, and prebaked anode sectors. It takes into account the changing international trade scenario and analyses the market dynamics of each sector at the backdrop of it, finally summing up in sector-specific short-term outlook. In...
According China Customs data, China’s imports of primary aluminium dropped in August. The country’s primary aluminium imports decreased 20.7 per cent year-on-year to 7,706 tonnes in August. During the first eight months of this year, the country’s inbound shipments of aluminium were 85,436 tonnes, down 34.55 per cent year-on-year, according to news published by Shanghai Metals Market. China exported 240 tonnes of primary aluminium in August. During the first eight months of 2017, the country exported 10,892 tonnes of aluminium, down 33.72 per cent on a yearly basis.
A00 Aluminum Ingot prices took a small jump across all major markets after two consecutive drops. Last week A00 Aluminum Ingot soared high on the news of advanced capacity cut in Henan province and it got corrected at the end of the week. The average price of A00 Aluminium Ingot would range between RMB 16,210 – 16,250/t and today’s average price stands at RMB 16,230/t, slightly up from RMB 16,170/t yesterday. A00 Aluminium Ingot in spot China market is trading at discounts of RMB 240 - 200/t. Today’s aluminium A00 Aluminum prices across the various markets in China are presented in the table below: The fall in aluminium ingot prices also had a ripple effect in aluminium alloy prices lifting the prices of some aluminium alloys in the China market. Average price for Aluminum Alloy (A356) in...
Vedanta- controlled Bharat Aluminium Company Limited (BALCO) has received notice for the closure of its 1,200 Mw power plant from the Chhattisgarh Environment Control Board (CECB). The closure notice has been issued over alleged green norms violation. CECB has asked the company to file a response within 15 days. The board would examine the response and then would ask the company to close its plant if result would find unsatisfactory. The closure notice states that ash slurry coming out of the damaged ash dam passing near the plant is polluting water in the Belgiri nullah (canal) that drains into Hasdeo river. The closure of plant that is located in Chhattisgarh’s Korba district is expected to have impact on the production of aluminium due to lack of power.
The uptrend in LME aluminium seems to be losing its momentum. The light metal contract which closed at US$2,137 per tonne last Friday, September 22, came down to close at US$2,128 per tonne on Monday, September 25. Technical analysis suggests that LME aluminium may test a support at US$2,125 per tonne, and will move in a narrow range of US$2,145-2,175 per tonne in the short term. A break below the support may lead to a loss at around US$2,108 per tonne. As on September 25, LME official cash buyer aluminium price (Bid Price) stands at US$2,127.50 per tonne, cash seller & settlement aluminium price (Offer price) is US$2,128 per tonne, 3M Bid Price is US$2,147 per tonne, 3M Offer Price is US$2,148 per tonne, Dec3 Bid Price is US$2,255 per tonne, and Dec3 Offer Price is US$2,260 per tonne....
Sohar Aluminium, organiser of the 21st Arab International Aluminium Conference & Exhibition (ARABAL), has successfully secured more than 20 major sponsors that will be exhibiting at the upcoming event to be held in Muscat on November 7th – 8th. International and local Gold sponsors of the event include Oman Oil Company, world energy leader GE Power, Export Quebec supporting the Quebec’s Ministry of Economy, Science and Innovation’s 2015 – 2025 Aluminium Development Strategy and global mining giant Rio Tinto. Attracting over 500 delegates from 23 different countries, the theme of this year’s conference will centre on ‘Driving Strategic Growth across the Global Aluminium Industry’ and will feature a high-profile exhibition that will be open to the public throughout the event. Silver...
China, the dominant producer and exporter of petcoke, is set to witness a drop in its total petcoke export in 2017. Due to the recent environmental pollution control crackdowns in China, the supply of this critical raw material of aluminium, has become tight in the domestic market. However, CPC demand in China is forecast to increase by 852,000 tonnes year-on-year leading to a deficit of 78,000 tonnes in 2017. Petcoke or petroleum coke is a by-product of the oil refining process, which when subject to calcination (further heat processing) yields calcined petcoke. CPC is a rich source of carbon and is used to produce anode for the electrolytic reduction process of aluminium smelting. According to reliable industry sources, China exported about 704,264 tonnes of CPC in H1 2016, of which...
LME aluminium dropped marginally on Friday, September 22 ending at US$2,137 per tonne. The earlier close was at US$2,154 per tonne. Shanghai Metals Market forecasts that the light metal contract will move narrowly within the range of US$2,145-2,175 per tonne on Monday, September 25. As on September 22, LME official cash buyer aluminium price (Bid Price) stands at US$2,136 per tonne, cash seller & settlement aluminium price (Offer price) is US$2,137 per tonne, 3M Bid Price is US$2,159 per tonne, 3M Offer Price is US$2,160 per tonne, Dec3 Bid Price is US$2,273 per tonne, and Dec3 Offer Price is US$2,278 per tonne. LME aluminium Opening Stock or the LME aluminium inventory level stands at 1294850 tonnes, total Live Warrants is 1035600 tonnes, and Cancelled Warrant is 259250 tonnes. SME and...
AlCircle is back again with its second report! After the success of “Potline Failure in Aluminium Smelters: Observations and Recent Case Studies (2013-2017),” the Virtual Aluminium Ecosystem has published the special AlCircle Market Insight report titled ‘ Global Aluminium & Raw Material Market with Sectoral Focus on CPC, CTP and Prebaked Anode (2016-17).’ Centred on the changing market dynamics of the Aluminium, Calcined Petcoke, Coal Tar Pitch and Prebaked Anode industries, this report promises to cater to the stakeholders of the entire upstream aluminium value chain. Today, the global aluminium industry is at an inflexion 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...
Coal tar pitch production is growing globally driven by the ferrous and non-ferrous metal sector growth. A critical binder material for anode production required in aluminium smelting through Hall Heroult method of electrolysis, CTP remains in high demand where prebaked technology is used for making aluminium. A couple of decades back West Europe and North America used to be the base of CTP production; but over the years the base has shifted to China. Today, CTP forms approximately 76 per cent of China’s total coal tar market, and coal tar pitch export forms a significant part of its GDP. China exported 1,44,405 tonnes of CTP in the first three months of 2017. In March alone, the export quantity peaked at 85,128 tonnes. Following the wide-scale environmental pollution control checks and...
An official from the Ministry of Environmental Protection confirmed that winter output cuts will not overlap with illegal capacity closures that are taking place currently. Two producers in Henan have already begun winter cuts in advance. According to SMM, this fuelled the big gains in Chinese market. Traded prices were mainly between RMB 16,230-16,260/tonne, premium of RMB 60 /tonne over Shanghai on September 22. A00 Aluminum Ingot prices dropped across all major markets after the big leap on Wednesday. The average price of A00 Aluminium Ingot would range between RMB 16,210 – 16,250/t and today’s average price stands at RMB 16,230/t, down substantially from RMB 16,600/t yesterday. A00 Aluminium Ingot in spot China market is trading at discounts of RMB 220 - 180/t. The fall in aluminium...
LME aluminium dropped slightly as the market supply still remains robust. The light metal contract came down from its earlier close of US$2,164 per tonne on Wednesday, September 20, to close at US$2,154 per tonne on Thursday, September 21. According to Shanghai Metals Market forecast, LME aluminium will fluctuate at highs in the short term and move between US$2,140-2,175 per tonne on Friday, September 22. Reuters’ technical analysis suggests that LME aluminium may test a support at US$2,125 per tonne, breaking below which may lead it to the next support level at US$2,103 per tonne. As on September 21, LME official cash buyer aluminium price (Bid Price) stands at US$2,153 per tonne, cash seller & settlement aluminium price (Offer price) is US$2,154 per tonne, 3M Bid Price is US$2,174 per...
According to the latest data published by the World Bureau of Metal Statistics (WBMS), global primary aluminium market recorded a deficit at the end of the first seven months of 2017. The market recorded a deficit of 1.38 million tonnes during January-July, up from 751,000 tonnes of deficit in the whole of 2016. The WBMS report also states that the global demand for primary aluminium was recorded at 35.93 million tonnes during the first seven months of this year, from 33.71 million tonnes a year ago. Previous reports had stated that aluminium supply worldwide was in a deficit of 1.07 million tonnes during the first six months of 2017, from a deficit of 1.1 million tonnes for the whole of 2016.
Vedanta today announced that the State Pollution Control Board, Odisha ('SPCB') has revoked order for closure of three units (two units of 135 MW each and one unit of 600 MW) on September 20, 2017, and hence restarted these units of power plant. The company will not need to buy the 200 MW power from external sources. On 13 September 2017, SPCB had directed a temporary closure of the five power plant units (three units of 135 MW each of the 1215 MW power plant, and two units of 600 MW each of the 2400 MW power plant), following a breach in the Ash Pond dyke wall at Jharsuguda. The revocation order will help the Company get complete reliable power generation back in place, satisfying the current requirement for Smelter operations.
According to the figures released by the International Aluminium Institute (IAI) and published by Shanghai Metals Market, the global aluminium production in the month of August dropped sharply both on monthly and yearly basis. The global aluminium production stood at 4.8 million tonnes in August, down 55,000 tonnes from July and 63,000 tonnes from a year ago. The production of aluminium outside China was 2.16 million tonnes in August, from 2.17 million tonnes in July. In other news from SMM, the Commission of Industry and Information Technology of Henan Province said that 70,000 tonnes of aluminium capacity from three smelters are available for sale nationwide.
LME aluminium strengthened further as positions dropped sharply. The light metal contract rose to US2,164 per tonne on Wednesday, September 20, up from US$2,490 per tonne on Tuesday, September 19. The U.S. Federation decided to keep the interest rate unchanged, but sounded hawkish on rate hike forecasts and balance sheet reduction sending U.S. dollar index to new highs. This is likely to weigh down base metal prices. Shanghai Metals Market predicts that LME aluminium which opened low on Thursday, September 21, will range at US$2,165-2,185 per tonne. As on September 20, LME official cash buyer aluminium price (Bid Price) stands at US$2,163.50 per tonne, cash seller & settlement aluminium price (Offer price) is US$2,164 per tonne, 3M Bid Price is US$2,190 per tonne, 3M Offer Price is...
