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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China’s primary aluminum imports rose 26.66% MoM in February
China imported 6,607 mt of primary aluminum in February, plummeting 88.44% YoY, but up 26.66% MoM, customs data showed. The SHFE/LME aluminum price ratio rose to 7.4 from 6.7 in late 2014 as stockpiling by Chalco and other smelters allowed SHFE aluminum to stay firm. Besides, flooding of Chinese...
North American aluminium consumption up 7.9% Y/Y in January 2015
Demand for aluminum semi-fabricated (mill) products in the United States and Canada (measured in shipments by domestic producers plus imports) totaled an esti-mated 1,487 million pounds in January, increasing 10.1 percent over the January 2014 total of 1,351 million pounds. Aluminum sheet and plate...
Aluminium market under long liquidation, open interest drops 11.43%
Aluminium settled down -1.74% at 110.05 as pressure seen after the report that Chinese buyers of primary aluminium are reluctant to book imports for the second quarter as they hold limited cash and as falling premiums prompt them to postpone purchases. While China is the world's top producer of...
China importers postpone aluminium buying as premiums fall
Chinese buyers of primary aluminium are reluctant to book imports for the second quarter as they hold limited cash and as falling premiums prompt them to postpone purchases, traders and industry sources said. While China is the world's top producer of aluminium, some end users buy the metal abroad...
Germany's Trimet orders ingot caster
TRIMET Aluminium from Essen (Germany) has placed an order with Hertwich Engineering for a horizontal continuous caster (HDC) for foundry ingots. This will enable the company to produce high-quality alloyed ingots. The annual capacity of the plant is 60,000 t. The HDC operates with an ingot format...
IMIDRO announces the construction new Jonoob Aluminium Plant
Iranian Mines and Mining Industries Development & Renovation (IMIDRO) announced on Feb 28 that the Jonoob Aluminium Plant will be established in the southern province of Fars with a production capacity of 300,000 metric tons, funded by Iranian investment companies. In the first seven months of the...
Iran reports its ten-month aluminium production figures
In the first ten months of the current Iranian calendar year, that is from March 21, 2014 to January 20, 2015, the country produced 293,595 tons of ingots, adding 30,595 tons in the month of December, 2014. These figures show a rise of 893 tons when compared to the production output seen last year...
TRIMET France puts continuous caster into operation
After a test phase lasting several months, the TRIMET plant in Saint-Jean-de-Maurienne put a vertical continuous caster into full operation on December 10, 2014. With an annual production capacity of around 60,000 tons of rolling ingots, the system represents a strategic addition to the product...
Iran produces almost 263,000 tons of aluminum ingot in 9 months
Iran’s aluminum industry has produced 263,000 tons of aluminum ingot in the first nine months of the year (March 21 – December 21, 2014). According to a report published by the Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO), 262,944 tons of aluminum ingot have...
US aluminium on the rise
The LME stock prices of aluminium for Midwest delivery, has risen from 20 cents per pound to 22.5 cents per pound which is a double hike. This amount is payable both by the fabricators as well as the aluminium merchants. The rise in price will raise many questions about the domestic availability as...
Dip in construction cuts demand for billets and pushes ingot production
China’s slowdown in construction has affected the aluminium market forcing the smelters to produce more ingots for domestic spot markets moving away from the construction-friendly billets. The construction of new building has dipped 9.3 percent in the first nine months of this year when compared to...
Aluminium ingot exports to India will not face duties or compensation fees
The Ministry of Economy announced on Sunday that following Indian authorities’ investigation into the UAE’s aluminium ingot exports to India will not result in the imposition of any duty or tariff. Abdullah Sultan Al Shamsi, Assistant Under-Secretary for Industry in the Ministry of Economy, said...
Qatalum Ships first 6,000 MT Break Bulk under PSO to Turkey
Taking advantage of the inherent advantages in a Preliminary Sales Order (PSO) to the customer, Qatalum crossed its first milestone with Turkey on the 25 September 2014 with the benefit of increased customer satisfaction. Qatalum arranged for the shipment of 6,000 MT to Turkey under a PSO addendum....
Bullish view on aluminium price recovery proves beneficial for Press Metal
It is the time for Press Metal Bhd (Press Metal) to shine as analysts expect the group to ride on aluminium price recovery and margin expansion in its Manufacturing and Trading (M&T) to drive earnings growth. According to the research arm of Kenanga Investment Bank Bhd (Kenanga Research), it holds...
Iran Produces over 89,000 Tons of Aluminum Ingot in 3 Months
Iran’s Ministry of Industry, Mine and Trade announced that in the first quarter of the current Iranian year, which started on March 21, 89,400 tons of aluminum ingots have been produced in the country. In a report, the ministry said that in the spring season, 62,700 tons of alumina powder were also...
Mercuria alumina worth $44 million stuck at Qingdao port
Mercuria Energy Trading SA had alumina worth about $44 million stuck at China's Qingdao Port, where an investigation into a suspected financing fraud has been taking place, according to four banking sources with direct knowledge of the situation. The Swiss-based trader said in an email sent to its...
Hydro to invest in advanced casting technology, targeting automotive industry
With the NOK 80 million investment in casting tables with Adjustable Flexible Moulds (AFM), and new liquid distribution systems, Hydro strengthens its position as a supplier of advanced sheet ingot. “This investment is strategically important, and fits very well with our strategy to high-grade our...
Novelis casts first ingot at new aluminium recycling center in Nachterstedt
Novelis, the world leader in aluminium rolling and recycling, announced today that it successfully cast the first production-sized ingot – almost 10 meters long – at its 200 million Euro aluminium recycling and casting center in Nachterstedt, Germany. Located adjacent to the company’s existing...
