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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Oman's Sohar Aluminium today announced that the aluminium production started again on Friday, 15th September, following the interruption at its smelter in Sohar. The company had informed about an accident which interrupted normal operations in August. The accident halted aluminium production for six-and-a-half hours. "Sohar Aluminium has confirmed it has re-energised the potline, and on Friday 15th September 2017 gradually began re-starting the pots and the production of aluminium," said Said Al Masoudi, chief executive officer of Sohar Aluminium. "The company is still working closely with a team of industry experts to progressively return to full production levels as early as possible," he added. Sohar Aluminium is jointly owned by Oman Oil Company, Abu Dhabi National Energy Company PJSC...
Two aluminium and alumina producers in Henan have started winter capacity cuts in advance, from Sept 19. As reported by SMM, Jiaozuo Wanfang Aluminum will cut aluminum capacity by over 30% based on the number of electrolytic cells, while Chalco Zhongzhou Aluminum will cut alumina capacity by over 30% based on the number of production lines. They will continue the process until Mar15, 2018. This has buoyed aluminium and aluminium alloy prices in China across all markets. SHFE 1711 aluminium gained as much as 3.88% as of 2:34 pm after news of two producers in Henan cutting capacity ahead of schedule started floating in the market. The rise in aluminium alloy prices is presented in the table below: A00 Aluminium Ingot prices in China have registered a rise for two days consecutively after a...
Aluminium Association of India (AAI), a member of Aluminium International and the apex body representing all primary and secondary producers of aluminium in India organized a national seminar today on the theme ‘Aluminium in Power Transmission and Distribution’ at Bhubaneswar. In his inaugural address, Dr. Tapan Kumar Chand, Chairman of Aluminium Association of India, said, ‘’Per capita aluminium consumption in India is only 2.2kg against world average of 7 kg and 20 kg in China. There is huge potential for increasing the consumption of aluminium from existing level of 3.2 million tons per annum to 8 million tons per annum in next 2 to 3 years. Smart cities, bullet trains, power to every household, energy efficient automobile, aluminium wagons and many more are the areas for expansion of...
North Korea imported $3.47B worth of goods, making it the 141st largest importer in the world. The country mostly imports from China and India. During the first seven months of this year, North Korea imported 232 tonnes of primary aluminium from China, an increase of 886 per cent year-on-year. North Korea’s imports of aluminium dropped sharply in 2016. The country is projected to witness a slight increase in imports of aluminium this year. In the year 2015, imports of aluminium stood at about 1439 tonnes (estimated). The volume decreased to 408 tonnes in 2016. The aluminium import by North Korea is estimated to stand at about 416 tonnes in 2017. The cost from import was US$ 1.96 million and US$ 0.77 million respectively for the years 2015 and 2016. The cost of import of aluminium by the...
LME aluminium recovered from its recent lows and climbed to US$2,107.50 per tonne on Tuesday, September 19, as positions dropped sharply, indicating risk aversion. The rise of 1.95 per cent from its earlier close of US$2,067 per tonne on September 18 proves that the technical side is positive for the light metal. Shanghai Metals Market forecasts that LME aluminium will range at US$2,110-2,140 per tonne on Wednesday, September 20. Reuters’ technical analysis suggests that LME aluminium may end its current bounce around a resistance at US$2,148 per tonne, and then fall towards a support at US$2,103. As on September 19, LME official cash buyer aluminium price (Bid Price) stands at US$2,107 per tonne, cash seller & settlement aluminium price (Offer price) is US$2,107.50 per tonne, 3M Bid...
LME aluminium seems to have regained some strength. After dropping to around US$2,060 per tonne, it is again moving up. The light metal closed at US$2,067 per tonne on Monday, September 18; but Shanghai Metals Market predicts that LME aluminium will range at US$2,080-2,107 per tonne on Tuesday, September 19. According to Reuters’ technical analysis, LME aluminium may bounce to US$2,125 per tonne in short term, as it has risen above a resistance at US$2,103 per tonne. As on September 18, LME official bid price of aluminium stands at US$2,066 per tonne, offer price is US$2,066.50 per tonne, 3M bid price is US$2,095 per tonne, 3M offer price is US$2,096 per tonne, Dec3 bid price is US$2,225 per tonne, and Dec3 offer price is US$2,230 per tonne. The current LME official Opening Stock of...
Ahmed Mansoor Al Aali Group (AMA Group), one of the major Bahraini contractors for Alba’s Line 6 Expansion Project has welcomed Alba’s Chief Executive Officer, Tim Murray in their plant during his inspection visit. He visited the plant to celebrate the fabrication of 100 Pot Shells on Thursday September 7th 2017. Line 6 Project Director Shawqi Al Hashmi and a delegation of Line 6 Owners’ Team and Bechtel managers accompanied Murray during the visit. Expressing his pleasure at the achievement Murray said: “We are very happy with AMA Group’s swift progress in fabricating 100 pot shells ahead of schedule. This level of performance shows that AMA Group shares our commitment to accelerate the delivery of Line 6 Expansion Project.” Alba awarded AMA Group the contract to manufacture 427 pot...
Aluminium Bahrain B.S.C (Alba), the Bahrain-based world’s leading aluminium smelter, is a key partner and a host sponsor of the 32nd International Aluminium Conference that will be held in the Kingdom of Bahrain from 25 to 27 September 2017 at the Gulf Hotel Bahrain. The conference will feature a number of key speakers, thought leaders and aluminium experts including Alba’s Chief Executive Officer, Tim Murray. Commenting on Alba’s sponsorship for the 32nd International Aluminium Conference, Alba’s CEO, Tim Murray, said: “It is our pleasure to partner with Metal Bulletin in hosting the 32nd International Aluminium Conference as Alba is on the way to become the largest single-site smelter in the world with the commissioning of Line 6 on January 1st, 2019. We also look forward to meeting and...
LME aluminium improved slightly to close at US$2,068 per tonne on Friday, September 15. Shanghai Metals Market observes that LME aluminium will range US$2,080-2,110 per tonne Monday, September 18. According to Reuters’ technical analysis, LME aluminium may fall into the range of US$2,055-US$2,068 per tonne, as it could have peaked around $2,146. As on September 15, LME official cash buyer aluminium price (Bid Price) stands at US$2,067.50 per tonne, cash seller & settlement aluminium price (Offer price) is US$2,068 per tonne, 3M Bid Price is US$2,098 per tonne, 3M Offer Price is US$2,100 per tonne, Dec3 Bid Price is US$2,228 per tonne, and Dec3 Offer Price is US$2,233 per tonne. LME aluminium Opening Stock stands at 1313400 tonnes, total Live Warrants is 1135600 tonnes, and Cancelled...
Nalco has commissioned its wind power plants with 50 MW and 50.4 MW capacity in Rajasthan and Maharashtra, respectively, at a cost of Rs 669 crore. The company plans to set up another wind power plant of 50 MW capacity and looking at suitable location in the country. Techno-commercial bids for selection of wind power developer were opened in last December and price bid is in the process of being opened, the company said in its annual report. The company also plans to set up a 20 MW solar power plant in Madhya Pradesh. The project is registered with MPNRED (Madhya Pradesh New & Renewable Energy Department) and 55.62 Ha land has been transferred to the department in November, 2016. Application for grid connectivity permission was also submitted to Madhya Pradesh Paschim Kshetra Vidyut...
AlCircle, the Virtual Aluminium Ecosystem, is soon to come up with its second report. This special AlCircle Market Insight titled ‘ Global Aluminium & Raw Material Market with Sectoral Focus on CPC, CTP and Prebaked Anode (2016-17)’ brings together the current market trends of Aluminium and its three key raw materials- Calcined Petroleum Coke, Coal Tar Pitch and Prebaked Anode from across the world. What does the AlCircle Market Insight report offer? The report takes into account the changing international trade scenario and analyses the market dynamics of each sector- Aluminium, CPC, CTP and Prebaked Anode at the backdrop of it. It takes one sector at a time to explain in details the following topics: A general overview of the upstream Aluminium industry covering individual raw material...
Following a breach in the Ash Pond dyke wall at Jharsuguda at the end of August, the State Pollution Control Board, Odisha ('SPCB') on September 13, 2017 served a direction resulting in a temporary closure of 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. The remaining units of the 1215 MW plant have been allowed to operate until 12 October 2017, and the remaining units of the 2400MW plant have been allowed to operate until 20 September 2017. This has been confirmed by a press release from Vedanta yesterday. The SPCB has asked the Company for compliance of certain conditions with a concrete plan within 5 days. The Company is complying with the order of SPCB along with a request for revoking the said closure orders. This...
The A00 Aluminium Ingot (Al99.70) price in China is on a downward curve for two consecutive days after a rise. . According to Shanghai Metals Market Statistics, today’s price stands at RMB 16,200/t, a drop from RMB 16,250/t yesterday and would range between RMB 16,180 – 16,220/t today. Average monthly price for September stands at RMB 16,090.42/t. SHFE 1709 aluminium also took a plunge on Friday morning, closing at RMB16,090/tonne before noon. This compelled suppliers in Guangdong spot market to cut offers to RMB16,110/tonne, down from RMB16,200-16,230/tonne traded before the slump in futures market. Trading slowed down as lower prices triggered bearishness in the market. Today’s A00 Aluminum Ingot prices and the daily changes in the six major domestic markets are shown in the table...
LME aluminium seems to be coming under a downward pressure from the price declines of its counterpart traded at Shanghai Futures Exchange. The light metal which remained unchanged at US$2,083 per tonne for two consecutive days- September 12th and 13th, came down to US$2,065 per tonne on Thursday, September 14. Shanghai Metals Market observes that LME aluminium will struggle at around the 20-day moving average and range at US$2,080-2,110 per tonne on Friday, September 15. According to Reuters’ technical analysis, LME aluminium may retest support at $2,081 per tonne, a break below which could lead to a drop around US$2,055 per tonne in the foreseeable future. As on September 14, LME official cash buyer aluminium price (Bid Price) stands at US$2,064 per tonne, cash seller & settlement...
Some Japanese aluminium buyers have agreed to pay a global producer a premium of $95 per tonne for shipments in the October to December quarter, reflecting lower spot premiums, two sources directly involved in the pricing talks said on Thursday. The new premiums are between 19.5 percent and 20.2 percent lower than the $118 to $119 per tonne premiums PREM-ALUM-JP in the previous quarter and the prices are down for a second consecutive quarter. The buyers who made the deal with the single producer are still negotiating with other global sellers while many other Japanese buyers are in talks with all of the producers, with further deals expected later this month. Japan is Asia’s biggest importer of aluminium and the premiums for primary metal shipments it agrees to pay each quarter over the...
China’s production of 10 nonferrous metals fell 2.2 per cent to 4.42 million tonnes in August, according to the National Bureau of Statistics (NBS). The country’s aluminium production declined for a second successive month to the lowest level since April 2016 in August. China’s aluminium production decreased 3.7 per cent year-on-year to 2.64 million tonnes in August. During January- August, the country produced 22.17 million tonnes of aluminium, an increase of 6.1 per cent from a year ago. “We do think aluminium production will go slightly down going forward,” Jackie Wang, an aluminium consultant at CRU in Beijing said. “Because of the supply-side reform cuts and upcoming winter cuts, we expect to see a bit of a deficit in Q4 in China.” China’s nonferrous production increased 4.9 per cent...
LME aluminium seems to be lacking the rising impetus after retracing to previous highs. The light metal contract closed at US$2,083 per tonne on Wednesday, September 13, unchanged from the previous day’s close after trading within a narrow range throughout the day. According to Reuters’ technical analysis, LME aluminium is biased to drop below a neutral zone of US$2,103-2,135 per tonne on Thursday, September 14. As on September 13, LME official cash buyer aluminium price (Bid Price) stands at US$2,082 per tonne, cash seller & settlement aluminium price (Offer price) is US$2,083 per tonne, 3M Bid Price is US$2,116.50 per tonne, 3M Offer Price is US$2,117.50 per tonne, Dec3 Bid Price is US$2,248 per tonne, and Dec3 Offer Price is US$2,253 per tonne. LME aluminium Opening Stock stands at...
Tajikistan is considering increasing the production of primary aluminium in 2017. The country’s exports of raw aluminium represent 30.4% of the total exports. Turkey is one of the main consumers of country’s aluminium. The country’s largest state-owned company Tajik Aluminium Company (TALСO) has planned to increase aluminium production to 300,000 tonnes by 2020.TALCO official representative Igor Sattarov said: "The production will be brought to 168,800 tonnes in 2018, to 188,800 tonnes in 2019, and to 300,000 tonnes in 2020." According to the recent estimate, in 2015, Tajikistan exported 127421 tons of aluminium. The country exported around 141514 tons of aluminium in 2016. Tajikistan is estimated to export around 128911 tons of aluminium in 2017. In 2015, the total revenue from the...
