Aluminium prices drift higher as September peak season operations recover amid low inventory
Futures: The most-traded SHFE aluminium contract opened at RMB 24,400 per tonne in the night session on September 7, reached a high of RMB 24,470 per tonne and a low of RMB 24,335 per tonne, and closed at RMB 24,450 per tonne, up 30 from the previous close, a gain of 0.12 per cent. Prices traded...
Macro disturbances cap upside room, while destocking continues to support aluminium price stabilisation
Futures: The most-traded SHFE aluminium contract opened at RMB 24,240 per tonne in the night session on September 4, with a high of RMB 24,355 per tonne, a low of RMB 24,220 per tonne, and a close of RMB 24,320 per tonne, up 0.12 per cent from the previous close. Futures stabilised and rebounded,...
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Secondary aluminium ingot producer Metalcorp posts strong earnings growth for FY2016
<p>Metalcorp Group B.V., one of the leading manufacturers of secondary aluminium ingots in Europe, posted impressive growth across all consolidated earnings figures for the fiscal year ended 31 December 2016. The company's profit margin remains constant in back-to-back transactions requiring no...
Aluminium ingot, scrap and mill products import into the U.S. and Canada up 70% in December
<p>Imports of aluminium ingot, scrap and mill products into the U.S. and Canada stand at 702 million pounds in December 2016, up 70% YOY. Exports Including scrap, which accounted for roughly 50.8% reported aluminium exports in December, stands at 472 million pounds, down 7.3% YOY and...
Producer shipments of aluminium ingots in U.S. and Canada up 5.8% in 2016
<p>According to Aluminium Highlights published by the Aluminum Association, domestic U.S. and Canadian producers shipped an estimated 1,712 million pounds of aluminium (including export) during December 2016. It registers a 1.9% drop from the December 2015 total of 1,746 million pounds.</p> <p><img...
Austria's aluminium alloy ingot exports set to rise in 2017 after 3 years of marginal YoY decline
<p>Aluminium downstream products comprise a key export commodity of Austria. The country ships extruded aluminium ingots of both alloyed and non-alloyed varieties to the European as well as global product manufacturers. According to a recent market report, automotive industry followed by packaging...
Brazil's non-alloyed aluminium ingot export surges 19.5% in 2016; Japan tops the list of importers
<p>Brazil’s export of unwrought aluminium in 2016 is set to reach its highest since 2013. The country exported about 300,000 tonnes of the metal during January-July, marking a rise of nine per cent over the corresponding period previous year. The higher volumes of exports, which more than...
Norway's aluminium alloy ingot exports to be valued at US$1.7 billion till July 2017
<p>Aluminium production forms the largest part of the metals industry, one of the key export industries in Norway. Norsk Hydro is the single most dominant player in the country’s aluminium sector. Headquartered in Oslo, Hydro operates the largest primary aluminium plant in Europe, in Sunndal....
SMM confirms Chinese New Year will not affect railway transportation of aluminium ingot
<p>As reported by Shanghai Metals Market (SMM), railway transportation of aluminium ingot from Northwest China will not be affected during the Chinese New Year Holiday in 2017.<br /><br /><img style="vertical-align: middle; display: block; margin-left: auto; margin-right: auto;"...
Mexico's aluminium ingot export estimated to decline 37% YOY while semis export keep surging in 2016
<p>Of late, Mexico has been hitting the aluminium industry headlines for all the wrong reasons, related mostly to its somewhat dubious role in the international trade market. According to the recent industry reports, significant quantity of fake aluminium semis has been emanating from the country,...
Alcoa Corporation releases new product line at Aluminium 2016
<p>As reported by Recycling Today, Alcoa Corporation, Cleveland, has unveiled Sustana, its newest aluminium product, at the Aluminium 2016 exhibition in Dusseldorf, Germany. The new sustainable product line, which is manufactured with low carbon emissions and more recycled content would cater to...
Russia's total shipment of aluminium ingots estimated at 3.78 million mt in 2016, up 5.8% YoY
<p>Russian Federation is the 10th largest export economy in the world and raw aluminium happens to be one of its top exports valued at US$7.64 billion. In 2015, aluminium worth US$6.9 billion was shipped globally from Russia; the volume comprised 2.1 per cent of the country’s total exports....
What’s behind sudden record high aluminium premiums in China? SMM reports
<p>Aluminium prices in China’s spot market turned from discounts into an all-time high premium of 570 yuan/tonne over SHFE front-month aluminium recently and SHFE 1611 aluminium ended last week up over 5 per cent. <br /><br /><img style="vertical-align: middle; display: block; margin-left:...
Imports up and export down in North America during H1 2016
<p>According to the estimates by Aluminium Association for the month of July 2016, “Index of Net New Orders of Aluminum Mill Products” dropped 9.9 per cent from the previous month. It reports a drop of 8.3 per cent in orders for flat roll products. Orders for extruded products declined...
Aluminium traders approach Japanese buyers for Q4, ahead of producers
<p>At least two traders have approached two or more Japanese buyers for sale of primary aluminium ingot for the fourth quarter of 2016, ahead of producers expected to arrive in Japan in the week of August 22, sources said Wednesday.<br /><br />Offers were not specific yet as the traders appeared to...
Chinese aluminium sector’s restart seen focused on Q4: trade body
The restart of mothballed aluminium smelting capacity in China will likely be concentrated in the fourth quarter when the current slack domestic buying season is over, the China Aluminium Association said. Falling refined aluminium prices last year led to many smelters in China halting production...
55% Chinese aluminium smelters see aluminium prices stabilizing this week, SMM survey
SMM surveyed 44 Chinese aluminium smelters about their opinions over aluminium price outlook. About 55 per cent of them expect SHFE 1609 aluminium to consolidate at RMB 12,450-12,600/mt and LME aluminium at USD 1,635-1,665/mt, citing two reasons. First, positive US June non-farm employment has...
US aluminium ingot price rises 2.58% MoM in April
Following recent smelter shutdowns, only two companies in the US reported domestic production of primary aluminium, noted US Geographical Survey in their latest issue of Mineral Industry Surveys. Consequently, beginning in February 2016, monthly production data were withheld to avoid the release of...
Changing dynamics in the European aluminium markets after the Brexit revolution- A talk with Maurizio Sala, President, Amafond (Italian Foundry Suppliers’Association)
We agree that “the UK’s decision to leave the EU has sent shockwaves through the continent, and the secondary aluminium industry has no idea how this decision will affect business – even among those in the UK who voted for Brexit”. Industry participants across Europe echoed these sentiments...
Japan aluminium stocks rise for first time in 9 months
Aluminium stocks held at three major Japanese ports climbed for the first time in nine months in May due to an increase in imports and softer demand at home. The increase comes as global aluminium producers and Japanese buyers negotiate premiums for July-September primary metal shipments. Japan is...
