China aluminium ingot inventory falls to 850,000 tonnes as expected at end-August; what is the September destocking outlook?
Inventory overview: 850,000 tonnes arrives as expected; destocking pace slows marginally China’s aluminium ingot social inventory fell steadily from a phase high of 1.13 million tonnes in early July, with destocking of more than 170,000 tonnes in July alone. In August, the pace of destocking slowed...
Aluminium billet inventory drops to 139,500 tonnes, warehouse withdrawals recover, processing fees under pressure across the board
Aluminium billet inventory fell to 139,500 tonnes, warehouse withdrawals recovered and processing fees were broadly under pressure. According to SMM statistics, China's aluminium billet inventory in major consumption areas recorded 139,500 tonnes on August 27, down 5,000 tonnes from last Monday and...
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Indian primary aluminum price moves down 2.7 percent
Yesterday saw Indian primary aluminum cash price move down 2.7 percent, following three quiet days. The LME primary aluminum cash price saw little price change yesterday at $2,048 per metric ton. The primary aluminum 3-month price saw little movement on Tuesday on the LME, closing out around $2,088...
Chinese Aluminum Billet Price achieves 0.3 percent jump on May 7
The day’s biggest mover on the aluminum markets — Chinese aluminum billet – broke away from a static phase with a 0.3 percent jump up on May 7, 2012, after three changeless days. The cash price of Chinese primary aluminum saw little movement yesterday on the SHFE, closing out around CNY 16,170...
NALCO puts out export tender for 6,000T aluminum
BHUBANESWAR: India's state-run National Aluminium Co (NALCO) has issued a tender to export 3,000 tonnes each of aluminium ingots and aluminium sows, Ansuman Das, commercial director at NALCO, said on Tuesday. The last date for submission of bids is March 26. The metals would be shipped in batches...
India's NALCO Sells Aluminum at $165/T Premium
Indian state-run National Aluminum Co Ltd (NALCO) sold 2,100 tonnes of aluminum billets at close to $165 per tonne premium over the average LME cash price on a cost, insurance and freight basis, a senior company official said. The metal will be shipped in six batches of 350 tonnes each from April...
Azerbaijan aluminium investment
Azerbaijani energy and construction group Azenco ASC plans to diversify into the aluminium business. It plans to take part in aluminium extrusion operations and will build a dedicated casthouse at the Sumgait Technologies Park (STP), Azerbaijan. Azenco has chosen Wagstaff to supply the greensite...
Batch homogenizing plant for Hammerer Aluminium
Hammerer Aluminium Industries of Austria has placed an order with Hertwich Engineering of Austria for the supply of a batch homogenizing furnace for their existing casthouse. The new homogenizing plant is already the second of its kind supplied by Hertwich Engineering to HAI. The furnace is...
India's NALCO offers $30 discount on aluminium products
India's state-run National Aluminium Co Ltd (NALCO) has offered a discount of 1,500 rupees ($30.45) per tonne on major categories of aluminium products, a company official said on Thursday. The latest move was prompted by changes in London Metal Exchange (LME) rates, said Ansuman Das, commercial...
Malaysia plant to double output
Sarawak will have the capacity to produce 300kt/y of ingots and billets when its second smelter in the Samalaju Industrial Park begins operations in September. Group executive vice-president Koon Poh Min said that the company had invested RM3bn ($953M) in the new plant. He said the higher combined...
New plant to more than double ingot, billet output
Sarawak will have the capacity to produce 300,000 tonnes of high-quality ingots and billets a year when its second aluminium smeltering plant in the Samalaju Industrial Park begins operations in September. The first plant, sited 38km from here, produces 120,000 tonnes a year. The two plants are...
Spot inquiries on rise in NA aluminum billet market
January is off to a strong start in the North American billet market as producers report a pickup in inquiries from customers looking for additional spot metal following an abnormally slow contract season. The mating season for the 2012 contract year was unusually sluggish this fall as cautious...
Emal Cast House wins Kaizen award
Emirates Aluminium (Emal) has triumphed at the Dubai Quality Group’s (DQG) 3rd Continual Improvement & Innovation Symposium, with its Cast House receiving a Gold Kaizen Award for its application of advanced quality methodologies. Emal president and CEO, Saeed Fadhel Al Mazrooei, said: “Through...
Continuous homogenizing plant in Italy
Hertwich Engineering, Austria, successfully commissioned a continuous homogenizing and sawing plant at Fonderie Pandolfo in Maniago, Italy. The company belongs to Pandolfo Alluminio. With the new billet production line Pandolfo produces the billets for its own extrusion plant and for sales and...
Grade issue halts ingot production at Alcoa smelter
Alcoa Inc has temporarily stopped producing certain ingots at its Becancour smelter in Quebec because of a quality problem, the aluminum producer said on Wednesday. A spokesman said the company suspended production of its P1020 aluminum billet in late October as a result of high iron content and...
Benada delays restart of cast house
Benada Aluminum Products LLC has delayed the restart of its idled cast house in Sanford, Fla.,due to weakness in the marketplace, a company executive told AMM. Benada, which purchased the cast house as part of its June acquisition of the former assets of Florida Extruders International Inc. (FEI),...
Off-spec billet prompts shutdown at ABI
Alcoa Inc.’s ABI smelter in Bécancour, Quebec, has halted billet production as it seeks to resolve off-grade metal production problems. "We are experiencing technical issues at the ABI smelter in Quebec and have stopped producing billet while we work to resolve the situation," an Alcoa spokesman...
Magnode to halt casting, source Hydro billet
Magnode Corp. will shut its on-site casthouse by year’s end and begin sourcing billet for its extrusion presses from Hydro Aluminum North America Inc. instead, sources familiar with the operation told AMM. Executives at Magnode did not return calls for comment, but one source familiar with the deal...
US aluminum extruders in no rush to sign deals
Aluminum extruders aren’t rushing to sign their 2012 billet supply contracts with the same fervor as last year, market participants told AMM as the mating season began this week. Aluminum extruders aren’t rushing to sign their 2012 billet supply contracts with the same fervor as last year, market...
NALCO sells aluminium billets at $150/T premium over LME
NALCO, whose tenders serve as a global benchmark, last sold 1,500 tonnes of aluminium billets in July to an Australian firm at $150 per tonne premium over the average LME cash price.
