China continues destocking, coupled with recovering peak-season demand; aluminium prices are expected to consolidate at highs with an upward bias next week
1. Macro perspective The US-Iran conflict escalated sharply. On September 9, Iran's Revolutionary Guard struck multiple oil tankers and merchant vessels in the Strait of Hormuz, causing a significant drop in strait traffic. Brent crude broke through USD 100 per bbl, closing at USD 101.21, while WTI...
HPCL brings energy leaders, researchers and startups together at IISc Bengaluru to accelerate energy innovation through MC²+ IGNITE
The Hindustan Petroleum Corporation Ltd. today hosted the Bengaluru edition of MC²+ IGNITE – India’s flagship energy innovation accelerator at the Indian Institute of Science (IISc) Bengaluru, bringing together leaders from the energy industry, academia, research, startups and the investment...
Grow with
AL Circle
Metallurgical-grade alumina production in China slips by 1.26% to 6.28 million tonnes in January 2022
According to the Shanghai Metals Market, alumina production in China during January 2022 came in at 6.5 million tonnes, of which metallurgical-grade alumina stood at 6.28 million tonnes. That was a month-on-month decline of 1.26 per cent from 6.36 million tonnes of metallurgical-grade alumina. SMM...
Average alumina spot price in China closes at RMB 3,305/t; A00 aluminium ingot price grows by RMB 70/t
On Thursday, February 17, the average alumina spot price in China has remained unchanged to close at RMB 3,305 per tonne, found the Shanghai Metals Market. For the same day in Shandong and Henan the price has remained restrained to peg at RMB 3,300 per tonne and RMB 3,320 per tonne. The average...
China’s bauxite imports grow 13% M-o-M to 8.73 million tonnes in December 2021; Guinea exports 3.56 million tonnes
According to the recent data released by General Administration of Customs, China imported 8.73 million tonnes of bauxite in December 2021, which reflected a month-on-month increase of 13.32 per cent and a year-on-year hike of 16.4 per cent. From Australia, China imported 2.9 million tonnes of...
China’s A00 aluminium ingot price slips by RMB90/t to settle at RMB22590/t; Aluminium alloy(A356) price declines by RMB100/t
According to the Shanghai Metals Market, A00 aluminium ingot price in China has slipped by RMB 90 per tonne, following a hike last day. Thus, the price has come in at RMB 22,590 per tonne on Wednesday, February 16. The average prices are expected to range between RMB 22,570 per tonne and RMB 22,610...
Kenya’s import of aluminium bar rods & profiles during 2019-21 demonstrates creeping movement; 0.40% minimal growth estimated for 2022
The Governor of the Central Bank of Kenya, Patrick Njoroge during the end months of 2021stated that the economy is anticipated to grow by 6.4% in 2021 and 6.0% for 2022. East Africa’s biggest economy has manifested resilience to the Covid shock, with output in the first half of the year rising...
China’s aluminium billet inventories build-up 17,600 tonnes to close the week at 267,500 tonnes
According to the Shanghai Metals Market, aluminium billet inventories gained 17,600 tonnes or 7.04 per cent from Monday to close the week ended Thursday, February 10, at 267,500 tonnes. The inventories increased across each of the five regions in China as the overall demand for aluminium billets...
China’s aluminium foil exports reach a new high of 1.34 million tonnes in 2021
According to China customs data, the country’s aluminium foil exports from January to December 2021 reach a record high of 1.34 million tonnes, up by 7.73 per cent year-on-year. The previous high was 1.30 million tonnes in 2019. The annual export value of aluminium foil also reached a new high of...
Primary aluminium inventories in China surge by 84,000 tonnes to total at 950,000 tonnes on Feb.10
According to the Shanghai Metals Market, social inventories of primary aluminium have surged by 84,000 tonnes over the past three days across eight major consumption areas in China, including SHFE warrants, to come in at 950,000 tonnes as of Thursday, February 10. On Monday, February 7, the...
Nicaragua’s import of aluminium cans during 2019-22 illustrates a fluctuating movement
The economy of Nicaragua demonstrates a mixed economic system that includes a variety of private freedom, combined with centralized economic planning and government regulation. However, the country’s economy and the implementation of government programs have shown some improvements, still almost...
New COVID-19 cases in Baise, Guangxi aggravate aluminium supply disruptions
On Tuesday, February 7, Baise, the leading aluminium-producing Chinese city, reported a surge in local COVID-19 cases for the third straight day and ensuing lockdown, which aggravated worries about supply disruption of the metal. The city of Guangxi, with 3.6 million populations, recorded 64 new...
AlCircle launches “Global Aluminium Industry Outlook 2022”: A conclusive report
The year 2022 brings along a new beam of hope and inspiration for the metal industry. With this, team AlCircle is excited to announce the launch of its, “Global Aluminium Outlook 2022,” report. The report highlights the overall performance of the aluminium industry and also gives an idea of how the...
Alumina production capacity in Shanxi, Shandong and Henan is reduced to 15.02 mtpa; supply woes to last longer
According to the Shanghai Metals Market report, alumina production capacity in Shanxi, Shandong, and Henan has come in at 15.02 million tonnes per year for the moment after being undergone output cuts or suspensions due to environmental protection policies. Most refineries in Jinzhong and Lvliang...
Average alumina spot price in China grows by RMB 12/t to RMB 3,196/t; A00 aluminium ingot price surges by RMB 220/t
On Tuesday, February 8, average alumina spot price in China has hiked by RMB 12 per tonne to close at RMB 3,196 per tonne, found the Shanghai Metals Market. For the same day in Shandong, the price has moved up by RMB 20 per tonne to stand at RMB 3,210 per tonne. In Henan and Shanxi, the price has...
World aluminium associations call on G7 trade ministers to address the issue of state subsidies
On 4 th February 2022, the world’s leading aluminium associations, which comprises, The Aluminium Association (USA), European Aluminium, the Aluminium Association of Canada and the Japan Aluminium Association in conjunction released their newest policymaker briefing, ‘Towards a Fairer and Cleaner...
Aluminium material manufacturer Jiangsu Synprim Metal Material Technology joins ASI
Jiangsu Synprim Metal Materials Technology Co., Ltd has joined ASI as a new Industrial User member, raising the total number of ASI members to 212. Jiangsu Synprim Metal Material Technology Co.,Ltd is a manufacturer of aluminium materials for mechanical and cosmetic applications, with a...
Chinese solar power product maker Mibet develops unique Agri-PV mounting system
The Chinese high-tech enterprise, specializing in research and development, manufacturing, selling solar energy products, Mibet Energy has developed a mounting structure for agrivoltaic projects that can be applied to different crops. The structure is asserted to certify different light...
Aluminium market deficit to take the metal price to a 30-year high in 2022, predicts Eurasian Resources Group CEO
According to latest estimates, aluminium has strong potential in 2022 to outperform other non-ferrous metals on the London Metal Exchange, exceeding the important milestone of $3000/t at the start of the year. The news came after diversified mining major Eurasian Resources Group CEO Benedikt...
Nigeria: Chinese business investors to set up world-class aluminium profile facility in Lagos
A team of Chinese business investors are in Nigeria to build a world-class aluminium profiles facility in Lagos to support the restriction towards the high rate of fake aluminium products. As per our report, the promoters of the new firm following the establishment of the aluminium factory will...
