The most-traded SHFE aluminium contract did not trade during the night session of September 24 and the daytime session of September 25. On September 24, the daytime session opened at RMB 24,230 per tonne, reached a high of RMB 24,265 per tonne and a low of RMB 24,175 per tonne, and closed at RMB 24,200 per tonne, down RMB 30 per tonne or 0.12 per cent from the previous close. Futures consolidated at highs before pulling back, with prices falling below the 5-day moving average while remaining above the 20/40/60-period moving averages. Medium and long-term moving averages maintained an upward pattern. Trading volume during the session was 98,900 lots, and open interest stood at 281,000 lots, down 8,300 lots, driven mainly by bulls closing positions. On the technical front, a death cross...
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...
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<p>LME aluminium, as expected, failed to hold steady above US$1,900 level. After night trading on Thursday, July 20, the light metal fell to US$1,898 per tonne from its earlier gain of US$1,907 per tonne on July 19. Though the US dollar is weak, LME aluminium does not seem to be drawing any support from that; moreover, crude oil prices are also directionless ahead of the OPEC meeting. So, the contract will find no support.</p> <p>Reuters’ technical analysis suggests that signals are mixed for LME aluminium, and will become clear only when the light metal comes out of a neutral range of US41,917-1,928 per tonne. A break above the upper limit could take LME aluminium to retest US$1,939, whereas, a break below US$1,917 could cause a loss in the range of US$1,895-1,904 per tonne....
<p>Queensland businesses are being hit with multi-million dollar price increases in electricity costs with some putting the hikes at 80%.</p> <p>A multi-million dollar price increase in electricity cost has hit a number of businesses in Queensland including Gladstone's Boyne Smelters. The revelation came after a request by Federal Energy Minister Josh Frydenberg for an investigation into Queensland's generators over possible price overcharging.</p> <p style="text-align: center;"><img style="vertical-align: middle;" src="http://www.alcircle.com/uploads/images/boyne%20smelter.jpg" alt="News" width="460" height="306" /></p> <p>Gladstone's Boyne Smelters said that till date they have till date curtailed 18,000 tonnes of aluminium capacity due to its failure to get affordable electricity rate....
<p>The prices for A00 Aluminium Ingot for all major China markets (North, South, North-East and South-West) have registered a rise today, on July 20, after yesterday’s drop on July 19. The revised prices for the commodity are as follows:</p> <p style="text-align: center;"><img style="vertical-align: middle;" src="http://www.alcircle.com/uploads/images/A00July20.png" alt="News" width="517" height="225" /></p> <p>On July 20 2017, Thursday, the average prices for A00 Aluminium Ingot for North China market have increased from RMB 14,180/t on July 19 to RMB 14,260/t. A00 Aluminium Ingot at South China market jumped from RMB 14,205/t on July 19 to RMB 14,295/t.</p> <p style="text-align: center;"><img style="vertical-align: middle;"...
<p>AlCircle, the world’s leading aluminium industry portal, proudly announces the launch of <strong>AlCircle China</strong>, a global platform for the booming Chinese aluminium market. Team AlCircle, headed by Mr. Kamal Prakash, Managing Director of Jiwan Group, the holding company of AlCircle Pte Ltd., and Mr. Vikas Devnani, Vice President AlCircle unveiled the website today at Aluminium China 2017 exhibition at Shanghai New International Expo Centre in Shanghai.</p> <p style="text-align: center;"><img style="vertical-align: middle;" src="http://www.alcircle.com/uploads/images/China2.png" alt="News" width="517" height="338" /></p> <p>Addressing a huge congregation of industry delegates present at the launch, Mr. Kamal Prakash said, “Shanghai is the economic capital of China,...
<p>Alcoa Corporation reported financial results for Q2 2017 on July 19. The Company increased revenue on higher shipments and grew its cash balance sequentially. Alcoa remains profitable despite lower alumina prices.</p> <p style="text-align: center;"><img style="vertical-align: middle;" src="http://www.alcircle.com/uploads/images/Intalco%20Works.jpg" alt="News" width="517" height="226" /></p> <p>“Alcoa generated solid profitability in the second quarter with strong cash flow that grew our cash balance to more than $950 million,” said Roy Harvey, President and Chief Executive Officer.</p> <p>“We are pursuing a simple set of strategic priorities to reduce complexity, drive returns and strengthen the balance sheet, and we will continue to base each of our decisions on...
<p>LME aluminium gained some strength buoyed by optimism generated by the scheduled release of policy decisions by the Bank of Japan and European Central Bank today. The lightmetal contract rose by 1.05 per cent from its previous day’s close of US$1,887 per tonne to US$1,907 per tonne on Wednesday, July 19.</p> <p>Reuters’ technical analysis suggests that LME aluminium retest a support at US$1,917 per tonne, a break below which could lead to loss to US$1,903 per tonne, while a break above the level could lead to a gain in the range of US$1,953-1,962 per tonne in the foreseeable future.</p> <p>According to Shanghai Metals Market projections, the uptrend in LME aluminium will be a limited one; the contract will move at US$1,915-1,935 per tonne on Thursday, July 20.</p> <p...
<p>According to the latest data from World Bureau of Metal Statistics (WBMS) and published by Shanghai Metals Market, the primary aluminium market worldwide was in a deficit of 735,000 tonnes during January-May as compared to 1.1 million tonnes for the whole of 2016.</p> <p><img style="vertical-align: middle; display: block; margin-left: auto; margin-right: auto;" src="http://www.alcircle.com/uploads/images/99-7-Aluminium-Ingots-Primary-Aluminium-Ingot.jpg" alt="news" width="350" height="259" /></p> <p>The global primary aluminium production rose 1.37 million tonnes or 5.9 per cent year-on-year through January-May.</p> <p>China produced 13.86 million tonnes of primary aluminium during January-May, accounting for 56 per cent of global total. The demand for global primary aluminium grew...
<p>According to the latest data showed by the National Bureau of Statistics (NBS), the primary aluminium production in China jumped last month exceeding December’s record production of aluminium.</p> <p><img style="vertical-align: middle; display: block; margin-left: auto; margin-right: auto;" src="http://www.alcircle.com/uploads/images/Primary-Aluminium-Ingots.jpg" alt="news" width="400" height="300" /></p> <p>The country produced 2.93 million tonnes of primary aluminium in June, an increase of 7.4 per cent year-on-year. The production exceeded December’s record production of 2.89 million tonnes.</p> <p>The total production of aluminium in the first half of 2017 stood at 16.84 million tonnes, up 8.8 per cent year-on-year.</p> <p></p> <p>China aluminium producers increased...
<p>LME aluminium is finding it difficult to hold ground above US$1,900 per tonne. The light metal contract is faltering around US$1,900 per tonne, and the strengthening US dollar index suggests that the trough in the LME aluminium price trend will further deepen in the near term. As on Tuesday, July 18, the contract closed at US$1,887 per tonne, down from the previous day’s close of US$1,901 per tonne on Monday, July 18.</p> <p>Going by Reuters’ technical analysis, LME aluminium seems to be retesting a resistance at US$1,939 per tonne, a break above which could lead to an increase to US$1,953 per tonne, which is unlikely in the foreseeable future.</p> <p>According to Shanghai Metals Market projections, LME aluminium will find support at US$1,900 per tonne and remain...
<p>AlCircle is pleased to announce the launch of Chinese version of the portal today during <strong>Aluminium China 2017</strong> exhibition at <strong>Shanghai New International Expo Centre</strong>. The inauguration will take place at <strong>Hall No W1</strong> between <strong>16:30 -17:00</strong>.</p> <p><img style="vertical-align: middle; display: block; margin-left: auto; margin-right: auto;" src="http://www.alcircle.com/uploads/images/Paid_promotion.png" alt="news" width="517" height="226" /></p> <p>China is the largest aluminium producer and consumer contributing more than 50% of the entire global production and consumption. According to the recent statistics, China consumes about 32.5 million tonnes of aluminium every year. The colossal amount of China’s production and...
<p>Aluminium Bahrain B.S.C. (Alba) has announced through a press release that they have completed the recovery of Reduction Line 5 pots which had been out of operation following the power outage incident in April 2017. Alba faced a temporary loss of power in all 5 Reduction Lines for approximately 3 hours. The company subsequently restored power operations and repaired Reduction Lines 1-4. Repair work in Line 5 was expected to return to operation by early Q3 2017.</p> <p style="text-align: center;"><img style="vertical-align: middle;" src="http://www.alcircle.com/uploads/images/Alba%20Reduction%20Line%205.jpg" alt="News" width="640" height="241" /></p> <p>Alba organized a celebration on Monday July 17, 2017 at the Alba Oasis Hall to recognize the success of the Line 5 recovery team....
<p>The Aluminum Association, in cooperation with the Aluminium Association of Canada, reported that the annual rate of primary aluminium production in North America (U.S. and Canada) was at 3,928,033 tonnes during June 2017, which is down 0.6% from the May 2017 rate of 3,950,536 tonnes.</p> <p>The individual production rate in the U.S. and Canada dropped very insignificantly. Compared to a year ago, the North American annual rate was eight-tenths of one % below the June 2016 rate of 3,957,851 tonnes. Actual production through the first half of 2017 stood at 1,963,285 tonnes, down 3.3 % from the same period of 2017.</p> <p style="text-align: center;"><img style="vertical-align: middle;" src="http://www.alcircle.com/uploads/images/foreign%20trade%20NA.png" alt="News" width="374"...
<p>Rio Tinto has released the production results of alumina and aluminium for the second quarter of 2017. The company’s alumina and aluminium production for the second quarter of 2017 was lower than the corresponding quarter of 2016.</p> <p><strong>Rio Tinto produced 888,000 tonnes of aluminium</strong> in the second quarter of this year. The quarterly aluminium production was one per cent lower than the second quarter of 2016.</p> <p><img style="vertical-align: middle; display: block; margin-left: auto; margin-right: auto;" src="http://www.alcircle.com/uploads/images/rio%20tinto%20share%20Q2%202017.png" alt="news" width="621" height="155" /></p> <p>In the first half of 2017, the company produced 1.77 million tonnes of aluminium.</p> <p>“Strong production was achieved...
<p>Sohar Aluminium, the organizers of the 21st Arab International Aluminium Conference & Exhibition (ARABAL), have announced the official website www.arabal.com and portal for early bird registration is now live. The website of the Middle East’s premium event for the aluminium industry allows prospective participants and delegates the opportunity to view details of speakers, insights into the program, venue, as well as exhibitors and partners.</p> <p>Sohar Aluminium will host ARABAL 2017 in Oman from November 6th – 9th under the theme ‘Driving Strategic Growth Across the Global Aluminium Industry’. This year’s edition is expected to attract over 500 delegates and exhibitors from all over the GCC, Arab countries and around the globe, with discounted early...
<p>LME aluminium has reversed its uptrend this week. The light metal traded globally dropped to US$1,901 per tonne after night trading on Monday, July 17, down from US$1,904 per tonne last Friday, July 14. High inventories in LME registered warehouses and slack demand in the international markets are putting a downward pressure on aluminium prices.</p> <p>Reuters’ technical analysis suggests that LME aluminium may retest a support at US$1,895 per tonne, a break below which could cause a further loss to around US$1,881.50 per tonne in the near term. On the upper side, the lightmetal contract faces a resistance at US$1,917 per tonne, a break above which can lead to a gain to US$1,928 per tonne on Tuesday, July 18.</p> <p>According to Shanghai Metals Market projections, LME aluminium...
<p>The reopening of aluminium-smelting operation at the closed smelter of Noranda was the first topic of discussion in the first special session of the Missouri Gov. Eric Greitens in May.</p> <p>The smelter had been southeast Missouri’s largest employer. However, after that, there’s been no communication between smelting-plant officials and the state agency tasked with approving lower utility rates for such closed projects. Leaders in the area are now pinning their job-creation hopes on a new steel mill that could employ up to 200 people.</p> <p style="text-align: center;"><img style="vertical-align: middle;" src="http://www.alcircle.com/uploads/images/noranda_new_madrid_smelter.jpg" alt="News" width="517" height="226" /></p> <p>McGill is concerned about the ripple effect of...
<p>Having created a niche of its own as a one of a kind Information and business portal for the complete global value-chain of Aluminium; AlCircle is now poised to launch its Chinese version during <strong>Aluminium China</strong> <strong>2017</strong> exhibition at <strong>Shanghai New International Expo Centre</strong>. The inauguration will take place at <strong>Hall No W1 on July 19</strong> <strong>between </strong>16:30 -17:00.</p> <p style="text-align: center;"><img style="vertical-align: middle;" src="http://www.alcircle.com/uploads/images/alcircle%20china.png" alt="News" width="517" height="226" /></p> <p>China is the largest aluminium producer and consumer contributing more than 50% of the entire global production and consumption. According to the recent statistics, China...
<p>LME aluminium after registering the biggest one-day increase in last three months dropped 0.36 per cent on Friday, July 14. The light metal closed at US$1,904 per tonne on the last trading day of the week, down from US$1,911 per tonne on Thursday, July 13. The market continued to digest the news on output cut in China domestic market thereby leading to the aluminium price drop. Shanghai Metals Market thinks that opening of new capacity and restarting of old capacity, combined with weakening consumption, will further cap the gains in aluminium price.</p> <p>As per Reuters’ technical analysis, LME aluminium may break a major resistance at US$1,939 per tonne and advance further to US$1,953-1,962 range. The lower support, on the other hand, is at US$1,917; a break below this level...
