November 2018

CHINA ALUMINIUM INGOT ADC 12 SNAPSHOT: MJP, domestic Chinese prices drop on weak demand

Key data from the Wednesday November 14 pricing session in Asia.

UK secondary aluminium price slide prompts consideration of production cuts

Secondary aluminium producers in the UK are considering production cuts following a nine-week slide in ingot prices, which is cutting into profit margins.

FASTMARKETS NON-FERROUS UK SCRAP AND FOUNDRY INGOT PRICE CHANGES 14/11:

The following Fastmarkets UK non-ferrous scrap and foundry ingot prices changed on Wednesday November 14:

Hydro's Alunorte permits are irregular, Brazilian representatives say

Brazilian alumina refinery Alunorte’s solid waste deposit (DRS2) had irregular environmental permits and could be built on ecological reserves, a local House of Representatives report concluded on Tuesday November 13.

GLOBAL ALUMINIUM WRAP: Market unfazed by Rusal extension; Dec-Jan backwardation pressures MJP

The decision by the United States Treasury to extend the deadline for US companies to wind down their contracts with Russian producer Rusal has had little effect on global aluminium premiums over the week ended Tuesday November 13, with the market still watching the backwardated December-January spreads.

ALUMINIUM FOUNDRY WRAP: European premiums tumble; demand weakens

Aluminium foundry premiums in Europe and the United States were under pressure this month from weak demand in the automotive industry and aggressively low offers in the market.

CBA aluminium volumes up in Q3 on higher downstream, export sales

Brazilian aluminium producer Companhia Brasileira de Alumínio (CBA) recorded sales volumes of 101,000 tonnes during the third quarter of 2018, up from 97,900 tonnes in the corresponding period a year before.

Bosai Group acquires 51% share of Qixing alumina refinery

Chinese mining company Bosai Group has acquired 51% of Shandong Qixing Group’s alumina refinery for 1.2billion yuan ($1.73 million), although the market does not expect any immediate relief to Chinese domestic alumina supply tightness, Fastmarkets understands.

FASTMARKETS NON-FERROUS EUROPEAN SCRAP PRICE CHANGES 09/11

The following Fastmarkets non-ferrous European free market scrap prices changed on Friday November 9: