NewsMarketPage 62

Grow with
AL Circle

KNOW MORE
AlCircle launches Aluminium Industry Recap 2019: A Look Back at the Global Value Chain
07 JAN 20203MINS

AlCircle launches Aluminium Industry Recap 2019: A Look Back at the Global Value Chain

That time of the year has again come when AlCircle launches its Aluminium Industry Recap report to give an opportunity to its readers to look back at the key developments in the year gone by. Presenting the same opportunity, the Aluminium Industry Recap 2019 edition has compiled all the new...

LME aluminium price shrinks as US dollar price recovers from its six-month low; SHFE aluminium drops too
03 JAN 20202MINS

LME aluminium price shrinks as US dollar price recovers from its six-month low; SHFE aluminium drops too

The US dollar recovered from a six-month low on Thursday, the year’s first trading day, as demand for the safe-haven dollar picked up after bleak data out of Germany and the UK weighed on the euro and pound. The dollar index, which tracks the greenback against a basket of other currencies, finished...

Steal Deal: Six Popular AlCircle Reports in a Special Year-End Combo Offer
31 DEC 20192MINS

Steal Deal: Six Popular AlCircle Reports in a Special Year-End Combo Offer

That time of the year is here when you have to bid farewell to one year and welcome another. So, to make this moment memorable, AlCircle presents a ‘Special Year-End Combo’ offer consisting of its 6 most popular reports that will take you down to the market trend in the past and give a brief...

The US crude metal and alloys imports drop 37% YoY in nine-month period
30 DEC 20191MINS

The US crude metal and alloys imports drop 37% YoY in nine-month period

The US imports of crude metal and alloys fell 82.78% or 259,100 tonnes year-on-year to 53,900 tonnes in September 2019, according to the latest Mineral Industry Survey report from the US Geological Survey. The US had imported 313,000 tonnes in September 2018. Crude metal and alloys imports dropped...

Recap 2019: A surplus market for alumina at sight; benchmark prices drop about 33% over the year
24 DEC 20197MINS

Recap 2019: A surplus market for alumina at sight; benchmark prices drop about 33% over the year

Alumina market recovered from the price volatility of last year, which was driven by 50% capacity cuts in Alunorte alumina refinery, workers strikes in Alcoa refineries and sanctions against Rusal. Australian alumina FOB price, which shot up to US$ 710 per tonne in April 2018, plunged to the lowest...

The US aluminium semi-finished exports fell 16% YoY in Jan-Sept
24 DEC 20191MINS

The US aluminium semi-finished exports fell 16% YoY in Jan-Sept

The US exports of aluminium semi-finished products (plates, sheets, bars, etc.) stood at 71,500 tonnes in September, a decrease of 6.17% from 76,200 in September 2018. On a month on month comparison, the export volume reduced by 3.64% from August total of 74,200 tonnes, according to the latest...

China’s unwrought aluminium and aluminium products exports rose in November by 4.9% MoM
09 DEC 20192MINS

China’s unwrought aluminium and aluminium products exports rose in November by 4.9% MoM

According to the General Administration of Customs data, China’s unwrought aluminium (including primary metal and alloy) and aluminium products exports in November came in at 452,000 tonnes after recording an increase of 4.9 per cent month-on-month. In October, however, China’s unwrought aluminium...

China's primary aluminium output stands at 2.9 mt in November; YTD output drops 2.14% to 32.39/t
08 DEC 20192MINS

China's primary aluminium output stands at 2.9 mt in November; YTD output drops 2.14% to 32.39/t

According to Shanghai Metals Market, China’s primary aluminium production fell 0.81% from a year ago to 2.94 million tonne in November. Output in January-November stood at 32.39 million tonne, which registered a drop of 2.14% year-on-year. Better pricing, higher demand and high profits margins led...

Norsk Hydro to cut primary aluminium production at its Slovalco plant
02 DEC 20191MINS

Norsk Hydro to cut primary aluminium production at its Slovalco plant

A fully integrated Norwegian aluminium company Norsk Hydro announced on Monday, December 2, that it plans to cut 20 per cent production at its majority-owned Slovalco primary aluminium plant in Slovakia. Weak market is one of the reasons for the production cut, said the company. Located at the...

LME aluminium regained losses on Wednesday; SHFE aluminium traded weaker on expectation of rising capacity
28 NOV 20192MINS

LME aluminium regained losses on Wednesday; SHFE aluminium traded weaker on expectation of rising capacity

The US dollar rose on Wednesday against a basket of other currencies, as traders monitored stronger-than-forecast economic data and fresh developments in the US-China trade war. LME base metals closed mixed on Wednesday. Aluminium rose 0.7%. The SHFE complex also saw mixed performance overnight....

Apparent aluminium consumption in North America up 1.4% in the first three Qs of 2019, demand off slightly
27 NOV 20192MINS

Apparent aluminium consumption in North America up 1.4% in the first three Qs of 2019, demand off slightly

According to the preliminary estimates from Aluminum Association, aluminium demand in the United States and Canada (shipments by domestic producers plus imports) totalled an estimated 9.6 million tonnes from January to September 2019, a slight decrease over YTD 2018. Demand for semi-fabricated...

Chinese secondary aluminium producers operating rates extended growth in October
19 NOV 20191MINS

Chinese secondary aluminium producers operating rates extended growth in October

Shanghai Metals Market found operations at Chinese secondary aluminium producers continued to increase in October, as overall demand in the second half of the year improved from the first half. An SMM data showed the Chinese secondary aluminium operating rates in October stood at 60.69 per cent...

Aluminium tubes and pipes exports from Denmark to see a 5% drop in 2019; Germany to be the leading importer
11 NOV 20192MINS

Aluminium tubes and pipes exports from Denmark to see a 5% drop in 2019; Germany to be the leading importer

The global export-import data estimates that the aluminium tubes and pipes exports from Denmark are likely to see a drop this year by 5.2 per cent to come in at 17,006 tonnes. Last year, the exports remained flat at 17,940 tonnes, as compared with 17,973 tonnes in 2017. However, the country’s...

MOU signing of SMM and HKEX: Strengthen collaboration in global data market
03 NOV 20191MINS

MOU signing of SMM and HKEX: Strengthen collaboration in global data market

SMM and Hong Kong Exchanges and Clearing Limited (HKEX) signed a Memorandum of Understanding (MOU) today to establish a long-term collaboration in the commodities business. The MOU signing came after the SMM Metals Seminar, which was held on October 29 during LME Week in London. SMM and HKEX...

LME aluminium recovered losses last night after dipping low over the day; SHFE continues its flat trend
01 NOV 20192MINS

LME aluminium recovered losses last night after dipping low over the day; SHFE continues its flat trend

The US dollar fell against a basket of major currencies, reversing earlier gains. The dollar index, which tracks the greenback against a basket of other currencies, fell 0.16% and ended at 97.31. LME base metals and the SHFE complex mostly fell. LME aluminium gained 0.46% and SHFE aluminium edged...

China issues second set of aluminium scrap import quotas for Q4
23 OCT 20191MINS

China issues second set of aluminium scrap import quotas for Q4

Beijing, in the late last week, reportedly issued the second set of metal scrap import quotas for the fourth quarter of 2019, sharply reducing the permissible quantity. As per the report, China’s Solid Waste and Chemical Management Centre will allow 44,935 tonnes more of 7602000090 aluminium scrap...

Malaysia’s export of aluminium bar rods and profiles to continue to rise in 2019; Vietnam to be the top importer after 2016
23 OCT 20192MINS

Malaysia’s export of aluminium bar rods and profiles to continue to rise in 2019; Vietnam to be the top importer after 2016

According to the global export-import data, the export of aluminium bar rods and profiles by Malaysia is expected to grow this year by 58 per cent to stand at 84,069 tonnes. In 2018 as well, the export volume had grown by about 44 per cent to come in at 53,253 tonnes. Only in 2017, the volume was...

Rio to conduct strategic review of New Zealand’s Aluminium Smelter to determine future profitability
23 OCT 20192MINS

Rio to conduct strategic review of New Zealand’s Aluminium Smelter to determine future profitability

According to a report on October 23, the global miner Rio Tinto Limited has flagged a possibility to close production at its New Zealand’s Aluminium Smelter (NZAS), citing weakness in the aluminium market and high energy costs. NZAS is a joint venture between Rio Tinto (79.36%) and Sumitomo...