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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Sapa and Norsk Hydro agree to new supply contract
Hydro Aluminium Rolled Products GmbH, a fully-owned subsidiary of Norwegian aluminium company Norsk Hydro ASA, announced yesterday that it has come to an open-ended agreement with Norwegian extruded aluminium provider Sapa AS. The new agreement, which is for Norsk Hydro to provide extrusion ingot...
Hydro renews metal sales agreement with Sapa JV
Norwegian aluminium company Norsk Hydro ASA’s fully owned subsidiary, Hydro Aluminium AS, has entered into a sales agreement with Sapa AS, a global provider of downstream aluminium solutions, owned 50 percent by Hydro, to supply extrusion ingot under an open-ended agreement starting in 2017. Front,...
Chinese aluminum is back on the rise
An interesting article in Reuters this week examines the Chinese aluminum market trends. It points out that the statistics coming out of China are even more unreliable than normal showing rises and falls of millions of metric tons from month to month. Specifically, Chinese output supposedly slumped...
USGS Mineral Industry Survey publishes Aluminum report for February 2016
According to the USGS Mineral Industry Survey report, only two companies reported domestic production of primary aluminum in February 2016 because of the recent smelter shutdowns. Consequently, production data were withheld to avoid the release of proprietary data. Total aluminum recovered from...
Declining US aluminium ingot supply to ratchet up need for imports to meet demand
US primary aluminium production will drop to 0.8Mt in 2016, down from 1.6Mt in 2015. The strong US dollar, relatively high power prices, and low metal prices are behind this major reduction in output. Ingot production will be the hardest hit, but the continuation of slab casting at Alcoa's Warrick...
MCX Aluminium strengthens on increased demand
Aluminium prices at Multi Commodity Exchange (MCX) Mumbai, advanced by INR 2 per kg at the non-ferrous market on March 26, Saturday, largely due to pick-up in demand from consuming industries. However, other base metals held steady in thin trade. Traders said increased demand from consuming...
China alumina prices firm as stock levels dip, metal prices rise
Chinese spot alumina prices firmed further Monday on the back of stronger domestic aluminum prices and reduced alumina reserves following refinery cutbacks in recent months. Platts ex-works Shanxi alumina spot price stood at Yuan 1,710/mt ($262/mt) full cash payment terms Monday, rising Yuan 15...
Chinese secondary aluminium alloy ingot export prices move further down
Due to the Yen depreciation and the weak demand from overseas market, export prices for Chinese secondary aluminium alloy ingot, used for diecast automotive components, fell steeply this week as some producers turned aggressive. The prices edged down by $30t to about $1,730-1,750t CIF Japan this...
India aluminium scrap prices up
Indian aluminium scrap prices on Scrap Register Price Index traded up. The Indian scrap market remains extremely slow with transactions continuing to be few and far between. As per the Scrap Register Price Index, scrap prices for Aluminium Accessories, Aluminium ingots, Aluminium Rod Company,...
Toyota Tsusho America buys Bermco Aluminum
Stout Risius Ross Inc. (SRR), Southfield, Michigan, a leading middle market investment banking firm, has announced that it served as exclusive financial advisor to Berman Bros. Iron & Metal Co. Inc., dba Bermco Aluminum, in its purchase by Toyota Tsusho America Inc. (TAI), with locations throughout...
Aluminum Association updates on aluminium trade in North America in June
According to an Aluminum Association report, aluminum imports of ingot, scrap and mill products into the U.S. and Canada (excluding cross-border trade) totaled 505 million pounds in June 2015, down 3.6 percent from the June 2014 total of 524 million pounds. Including scrap, which accounted for...
Aluminum production continues at Noranda's New Madrid plant following damage to casthouse
Noranda Aluminum Holding Corporation announced today that molten aluminum production at its New Madrid, Missouri aluminum plant is continuing at the same level as before an explosion yesterday in that facility's casthouse. Although the incident affected the company's production of extrusion billet,...
Iran’s aluminum ingot output increases by 5% to reach 93,836 metric tons
Aluminum ingot production in Iran reached 93,836 metric tons during the first three months of the current Iranian fiscal year, starting March 21 till June 22. The figure shows five-percent growth compared to the same period of preceding year, Iranian Mines and Mining Industries Development and...
Hindalco exports huge quantity of ingots and sow ingots as break bulk cargo to the United States.
Aluminium ingots and sow ingots are being sent in a huge quantity as break bulk cargo to the United States. The ingots so far were being sent to various destinations through containers by all the aluminium manufacturers. Hindalco Industries Ltd, the metal’s flagship company of Aditya Birla Group,...
Chinese imports of primary aluminium ingot likely to rise in coming months
Chinese imports of primary aluminium ingot are likely to rise in coming months after the price of the metal fell on the global market, prompting end-users to buy, industry and trading sources said on Thursday. The weak London Metal Exchange (LME) price is opening a rare arbitrage opportunity for...
US Aluminum Consumption up 8.1% YTD in April
Demand for aluminum semi-fabricated (mill) products in the United States and Canada (measured in shipments by domestic producers plus imports) totaled an estimated 1,527 million pounds in April, increasing 7.8 percent over the April 2014 total of 1,416 million pounds. Aluminum sheet and plate...
China’s aluminium prices tipped to rise as prices attractive
Chinese imports of primary aluminium ingot are likely to rise in coming months after the price of the metal fell on the global market, prompting end-users to buy, industry and trading sources said on Thursday. The weak London Metal Exchange (LME) price is opening a rare arbitrage opportunity for...
China's aluminium imports to rise due to attractive global prices
Chinese imports of primary aluminium ingot are likely to rise in coming months after the price of the metal fell on the global market, prompting end-users to buy, industry and trading sources said on Thursday. The weak London Metal Exchange (LME) price is opening a rare arbitrage opportunity for...
