October 2020

US aluminium alloy, scrap prices continue climb

The benchmark A380.1 secondary aluminium alloy price climbed again in the week to Thursday October 29 to reach its highest point in nearly 22 months, while aluminium scrap prices in the United States also edged up amid sluggish inbound volumes and sustained demand.

PEOPLE MOVES: Ray Mennin joins Toroza from Andurand

Ray Mennin has joined United States-based commodities trading company and agent Toroza as vice president, Fastmarkets learned.

China’s alumina market shows limited reaction to winter cuts; bearish sentiment lingers

China’s alumina market largely shrugged off news that several Chinese cities have released plans for winter aluminium output cuts, with the impact of these cuts on alumina production expected to be limited, market participants told Fastmarkets on Thursday October 29.

CHINA ALUMINIUM INGOT ADC 12 SNAPSHOT: Export, domestic prices keep rising; tight scrap supply

Key data from the Wednesday October 28 pricing session in Shanghai.

AT A GLANCE: Rusal’s VAP sales up 25% in Q3; European market share declines again

A summary of aluminium producer UC Rusal’s third quarter 2020 operating results, released on Tuesday October 27.

Chinese alumina imports increase 136% y-o-y in September

China imported 354,741 tonnes of alumina in September, up 136% year on year from 150,000 tonnes in September 2019, according to Chinese customs data released on Friday October 23.

IN CASE YOU MISSED IT: 5 key stories from October 23

Here are five Fastmarkets stories you might have missed on Friday October 23 that are worth another look.

US A380.1 secondary aluminium alloy price jumps to near 21-month high

The benchmark A380.1 secondary aluminium alloy price has jumped to its highest point in nearly 21 months, boosted by high scrap prices and freight costs, among other factors, sources told Fastmarkets.

AT A GLANCE: Hydro Q3 earnings up; Al extruded solutions market makes fast recovery

A summary of aluminium producer Hydro’s third-quarter results.

IN CASE YOU MISSED IT: 5 key stories from October 20

Here are five Fastmarkets stories you might have missed on Tuesday October 20 that are worth another look.