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 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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As of June 1, the domestic aluminium billet social inventory closed at 135,100 tonnes, down 6,200 tonnes from the previous week. Arrivals climbed dramatically, but transactions did not keep pace. A growing proportion of molten aluminium was into billets and other intermediate products. The current...
At the beginning of the last week, aluminium prices of Indian giants like Hindalco and Vedanta trended downwards in line with the LME aluminium price drop but increased later as the global benchmark price speared up. On Tuesday, May 23, Hindalco cut its aluminium ingot and aluminium products prices...
On May 25, aluminium billet inventory in China closed at 141,300 tonnes, dropping 20,700 tonnes W-o-W. This year, smelters increased their percentage of non-ingot production. After a period of building after the Labour Day vacation, aluminium billet inventory has begun to decline. After a period of...
Last week, both Hindalco and Vedanta back-to-back cut their aluminium prices on May 11 and 12 in response to the LME aluminium price fall of US$92 per tonne in just two days. However, the companies started the week on May 10 with a rise in their aluminium ingot prices by INR 3,000 per tonne and INR...
As of May 11, the domestic aluminium billet social inventory closed at 168,600 tonnes, up 10,900 tonnes from the previous week. Inventory grew as a result of continuous cargo arrivals and low downstream consumption. A growing proportion of molten aluminium was converted into billets and other...
On Thursday, May 4, China’s aluminium billet social inventory closed at 157,700 tonnes, up by 15,600 tonnes from the previous week. The increase was primarily attributable to arrivals over the Labour Day vacation and inadequate pre-holiday stockpiling. Smelters have been selling an increasing...
Grupa Kęty S.A. has received ASI Performance Standard V2 (2017) Certification for its foundry and extrusion facility in Kęty, Poland, for producing billets and manufacturing aluminium profiles and components. With an annual manufacturing capacity of 90,000 tonnes, the firm is the largest Polish...
The three major Indian aluminium producers – Hindalco, Vedanta, and NALCO cut their aluminium prices last week in line with the LME aluminium price fall by US$46.50 per tonne over the week from US$2,388.50 per tonne on April 21 to US$2,342 per tonne on April 28. Hindalco reportedly curtailed INR...
On Thursday, April 27, the domestic aluminium billet social inventory plunged by 10,600 tonnes W-o-W to stand at 142,000 tonnes . Foshan and Wuxi were the primary contributors to the drop in stock, while other locations saw little to no movement in their inventory. This week, the weekly average...
On Friday, April 28, Aluminium Stewardship Initiative announced that it certified Aluminij Industries d.o.o. against Performance Standard V3 (2022) certification for producing and selling foundry aluminium alloys in the form of billets, slabs, and small ingots at its facility in Mostar, Bosnia. The...
Following a year of phenomenal development, MQP, the specialist in high-efficiency grain refiners, which lower costs and eradicate flaws like razor streaks in aluminium alloys, has won a worldwide business award. At the 2023 BizX Awards at London's ExCel, TV sports commentator Gabby Logan gave the...
This week, during April 17-21, all three Indian aluminium giants – NALCO, Hindalco, and Vedanta have elevated their aluminium ingot and aluminium products prices. Starting with NALCO, the company hiked its aluminium prices by INR 10,100 per tonne since April 7. In two-week time, its aluminium ingot...
A billet is one of the most widely used aluminium product forms globally. Billets are created directly through continuous casting or extrusion or indirectly through hot rolling an ingot or bloom. The billet usually is suitable for alloyed aluminium. As per the data, on Thursday, April 20, the...
According to the Shanghai Metals Market survey, China’s aluminium production in March 2023 (31 calendar days) stood at 3.41 million tonnes, registering an increase of 10.35 per cent month-on-month from 3.09 million tonnes. The data indicates that the monthly rise in March output brought it to the...
According to a report on Thursday, April 12, Rio Tinto has started the construction work for a capacity increase to casting low-carbon, high-value aluminium billets by 202,000 tonnes at Alma smelter, Quebec. Rio Tinto is expanding its existing casting centre to include new state-of-the-art...
Hindalco, NALCO, and Vedanta have trimmed their aluminium ingot and aluminium products prices at the end of the week in response to the LME aluminium price fall over the past three days. However, at the beginning of the week, on April 4, Hindalco and Vedanta lifted their aluminium ingot prices to...
A billet is one of the most widely used aluminium product forms globally. Billets are created directly through continuous casting or extrusion or indirectly through hot rolling an ingot or bloom. The billet is normally suitable for alloyed aluminium. As per the data, on Thursday, April 6, the...
According to the Shanghai Metals Market survey, China’s social inventories of aluminium billet plunged by 9,600 tonnes week-on-week to settle at 158,400 tonnes as of March 30. The inventories extended downfall at a higher rate this week compared to a drop of 1,500 tonnes in the week ended March 23...
