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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India’s Nalco sells 6,000 tonnes of aluminium at $229/t premium
India’s National Aluminium Co (Nalco) sold 6,000 tonnes of aluminium ingot in a tender at a premium of $229 per tonne over the LME cash price on a cif Singapore basis, according to two trader sources familiar with the deal. The company’s tender was for delivery of 1,500 tonnes per month from...
Iran's 7-month aluminum ingot production rises 6%
Iran's aluminum ingot production has increased by 6 per cent in the first seven months of the current Iranian calendar year, which began on March 21, compared to the same period in the past year, the Mehr News Agency reported. Some 206,908 tons of aluminum ingots were produced in the 7-month...
Hertwich supplies ingot casting line to Aluminium Mostar
Aluminium d.d. Mostar from Mostar, Bosnia and Herzegovina, has commissioned an ingot casting line supplied by Hertwich Engineering, Austria. In addition to electrolysis metal, the company can now remelt and cast clean process scrap on the new line, thus increasing the flexibility and production...
Aluminium scrap will be a big issue for secondary smelters in 2014
UK secondary aluminium producers are preparing for a difficult scrap market in 2014, with tightness expected across international markets and no expectations of lower prices to come. “Scrap will be an issue next year – we’re trying to maintain sensible stock levels until the new year, but when we...
Semi demand, import & export up in US and Canada in August
Demand for aluminum semi-fabricated (mill) products in the United States and Canada (measured in shipments by domestic producers plus imports) totaled an estimated 1,445 million pounds in August, increasing less than one-tenth of one percent over the August 2012 total of 1,444 million pounds....
India’s Nalco sells 3,000 tonnes of aluminium at $227/t premium
India’s National Aluminium Co (Nalco) sold 3,000 tonnes of aluminium ingot in a tender at a premium of $227 per tonne over the LME cash price on a cif Singapore basis, according to two trader sources. The company’s tender was for delivery of 500 tonnes per month from November to April, a trader...
Iran’s aluminum output up by 6.5 per cent
Some 29,600 tons of aluminium ingots were produced in Iran during the sixth calendar month (August 22 - September 22). The figure shows 6.5 per cent increase compared to the same month of the previous year, the ISNA News Agency reported. Iran's aluminium ingot output stood at 178,000 tons in the...
European secondary Aluminium flat as market makes 2014 plans
European secondary aluminium ingot prices stayed flat on Friday October 18, with activity slowing ahead of negotiations over 2014 supply contracts. “It’s still a little early to sign 2014 contracts, but that will happen in the next two or three weeks,” a producer in north Europe said. DIN226...
China's Shandong Nanshan to set up $5 bln aluminium complex in Indonesia
China's Shandong Nanshan Aluminium Co Ltd plans a $5 billion integrated aluminium plant on the Indonesian island of Bintan, company Chairman Song Jianbo said on Wednesday. "(It) will be completed within 3 years. We will use local bauxite to make up alumina and then we will use the alumina to make...
Iran aluminum output hit 179,000 tons
Iran's aluminum ingot output stood at 178,939 tons in the first half of the current Iranian calendar year, the IRNA News Agency reported. The amount shows 6.6 per cent increase in comparison to the same period of last year. Some 29,632 tons of aluminium ingot were produced in Iran during the sixth...
European secondary aluminium producers frustrated by low LME prices
European secondary aluminium prices stayed flat on Friday September 13, as low London Metal Exchange prices continued to hinder any price increases that would otherwise spring from strong demand. “We thought prices would rise with increased demand, but they have remained stable for a long time,”...
LME prices shackle European secondary aluminium
European secondary aluminium prices remained stable on Friday September 6, with both ingot and scrap values being shackled by low London Metal Exchange aluminium prices. DIN226 gravity diecasting ingot stayed at €1,800-1,860 ($2,371-2,450) per tonne. Ingot producers reported good-volume sales for...
Currency rates and LME figures stifle UK secondary aluminium price
UK secondary aluminium prices stayed flat on Wednesday September 4, with unfavourable currency rates and low London Metal Exchange (LME) prices preventing any increases for both ingot and aluminium scrap. LM24 pressure diecasting ingot continued to trade at £1,520-1,570 ($2,364-2,442) per tonne,...
Iran’s 5-month aluminum output surpasses 140k tons
The Islamic Republic of Iran has produced more than 140,000 tons of aluminum ingots in the first five months of the current Iranian calendar year (started March 21, 2013). The volume of aluminum ingot production at the country’s three smelters -- Iranian Aluminum Company (IRALCO), the Al-Mahdi...
Iran's aluminum ingot output hits 119,000 tons in 4 months
Iran has produced 119,000 tons of aluminum ingots in the first four months of the current Iranian calendar year, which started on March 21, 2013, IRNA reported. The output rose by 6.3 percent compared to the corresponding period a year earlier. The volume of aluminum ingot production in the country...
Iran's aluminum ingot output up 6 pct over last year
Iran produced 119,560 tons of aluminum ingots in the first four months of the current Iranian calendar year, March 21-July 22, marking a 6 percent year-on-year increase, Tehran Times daily reported on Saturday.. In the first four months of current Iranian calendar year, Iran also produced 82,967...
Jaxport’s Talleyrand terminal receives massive aluminum shipment
At the Port of Jacksonville’s Talleyrand terminal, workers from Seaonus unloaded a ship Tuesday filled with 11,000 tons of aluminum ingots. The cargo came from South America and is headed to smelting plants in St. Augustine and the Port Manatee area, near Tampa. It’s a big shipment, said Rick Sharp...
Inalum takeover to be finalised in October
Indonesia announced that it has bought Nippon Asahan Aluminium’s majority shareholding in Indonesia Asahan Aluminium. The deal will be finalised later in the year. The plan is to take over Nippon’s 58.88% stake in the business when the contract ends in October 2013. Currently, the Indonesian...
