July 5, 2019India became the second largest aluminium producing country in the world excluding China in 2018. With the strength of its integrated business model, excellent operational capabilities, stable operations and enriched product portfolio, Hindalco (plus Utkal Alumina) made significant profits in FY19. They are focusing on downstream segment for its domestic output. Primary aluminium productions from Hindalco’s smelting operations (Renukoot in Uttar Pradesh, Aditya Aluminium in Odisha at Hirakud, and at Mahan Aluminium in Madhya Pradesh) stand at around 1.3 million tonnes.
Based on last update, Hindalco two consecutive price hikes of aluminium products by 2% on 26 and 27 June. On 22 June there was price cut noted by 2%. On 21 and 20 June Hindalco’s aluminium product price was hiked by 1%. Again on 18 June there was 1% price cut. On 12 June prices hiked by 2% preceded by two prices cut on 11 and 5 June by 1% and 2% respectively.
While in May three price hike were noted on 29, 17 and 15 May by 1%, 2%, 2% respectively. And also three price cut were noted on 23, 21 and 18 May by 2% each.
The last price hike in June followed resilience in prices of base metals following progress in trade talks between US and China. Prices of aluminium products are down more than 5% in this Apr-Jun quarter as compared with Jan-Mar quarter.
NALCO chairman and managing director TK Chand said “We are keeping the target of aluminium production at the same level of that of the last year that is 4.4 lakh tonne and in case the market picks up then we will be increasing it to 4.6 lakh which is the capacity.” On 22 June, NALCO hiked prices of aluminium ingot by over 1% (which is INR 150150 per tonne). Also on June 3, NALCO raised prices of aluminium products by more than 1%.
On May 24, NALCO cut prices of its aluminium products by around 2%. 21 May price cut of 3% was noted for its aluminium products. On 17 May, NALCO raised ingots price by around 4%. Before this on 10 May NALCO cut prices of aluminium ingots by more than 4%. This price cut comes after the company twice raised prices of aluminium products in April. After this price cut, rates of the company’s product are down more than 2%.
With the hike on 22 June, prices of the products are at their lowest level in a month, and down more than 3% from the Jan-Mar quarter.
Indian aluminium producers are concerned about the growing import from China and other south Asian countries and are demanding a rise in import tariffs.
“Aluminium sector has seen 60 percent increase in import” said by founder and chairman of Vedanta, Anil Agarwal in a recent interview when he talked about budget expectation that the government may to bring some relief to the aluminium sector.
Based in the lasted report, Vedanta hiked the prices of aluminium products by 2% w.e.f. 27-Jun-2019. Previous price hike was noted on 26-Jun-2019 which was 1%. On 22-Jun-2019, there was a price cut of aluminium ingots by 0.2%. On 21, 20 and 12 June prices were hiked by 2%, 1% and 2% respectively. On 18 and 11 June price cuts took place by 1% respectively. Earlier than that, there was 2% price cut on 5 June. While during May first week there was a huge price cuts of aluminium ingots by nearly 4%. In mid of May we noted price hike by nearly 2 followed by another price cut by 1.5%.
Vedanta Ltd plans to prune its aluminium making cost in the scope of US$1,725-1,775 per tonne in this financial to beat the value blues. Value projections are keeping pace with LME prices of $1,766 per ton (as on May 9).
With the last price hike in June, rates of company’s products are now down around 6%, compared with Jan-Mar quarter.
India has a per-capita aluminium consumption of only 2.5 kg compared against a world average of 11 kg. Indian players get affected by,
In terms of State Government’s priorities, they should continue to focus on leveraging manufacturing sector for economic growth. Another key focus area should be improving ease of doing business for aluminium and allied industries.
“Consumption of primary aluminium has fallen on account of increase in use of aluminium scrap. Scrap imports increased by 20.3 per cent amid the US-China trade war. Aluminium scrap is priced at a discount to LME (which is also popularly known as scrap spread) and also has a low import duty of 2.5 per cent in India. Aluminium scrap is usually used by the auto sector, but since the past two years, because of an increase in the scrap spread, a large part of its usage is getting diverted towards manufacturing of other products as well, which is leading to an increase in its imports,” stated by CARE Ratings report.
India’s aluminium scrap consumption is 100 per cent driven by imports. Scrap comes into the country from the US, UK, UAE, Saudi Arabia, Australia, Netherlands and Singapore. During January-March of CY2019, India toppled China as the biggest importer of aluminium scrap. India meets nearly half of metal demand through scrap recycling.
Aluminium Association of India has reached out to the government to seek relief in the form of increasing the basic custom duty in the coming budget on primary aluminium from 7.5 per cent to 10 per cent, reducing basic custom duty and correcting inverted duty structure. AAI also asked the India government to increase the basic custom duty on aluminium scrap from 2.5 per cent t to 10 per cent to make it at par with primary metal.
AlCircle Pte Ltd, 30 Cecil Street, Prudential Tower, Singapore 049712
+91 7439512079
info@alcirclebiz.com
Copyright © 2023 AlCircleBiz All Rights Reserved.
'Most searched' on AlCircleBiz
Raw Materials and Consumables:
Magnesite | Fluorspar | Propeller Scrap | Tin Brass Scrap | Gun Metal Scrap | Honey Brass Scrap | Silicon Metal 2202 | Silicon Metal 3303 | Silicon Metal 421 | Silicon metal 441 | Silicon metal 553 | Silicon Metal | Silicon metal 553 | Silicon metal 441 | Silicon metal 3303
Primary Aluminium:
Aluminium Ingots | Aluminium Scrap | Aluminium Ingot | Aluminium Alloy Ingot | Copper Billets | Aluminium Billets | ADC12 Ingot | Primary Aluminium Ingots
Machinery and Equipment:
Heat Sink | Dust Suppression & Control System | Alumina / Fly Ash / Lime Tanker | Y81-200 Metal Baler | Q91Y-360 Guillotine shear | Anode Transfer Vehicle - ATV | Crushed Bath Tanker
Aluminium Products:
Aluminium Scrap 6063 | 3004 Aluminium Foil | Aluminium powder | House on Wheels Interior | Radiator Door | Aluminium Caul Board | Aluminium Coil | Aluminium Corrugated Sheet | Aluminium Chequered Sheets | Aluminium Sheets | Aluminium Scrap 97 Purity
End User:
Screw Module Series | Aluminium Die- Casting | Aluminium Medical Equipment Profile | Led Aluminium Profile | Mobile frame series | Electronic Series | Chamber series | Bike Accessories | Aluminium Tope | Aluminium Circle | Aluminium Extrusion | Standard Geometric Profiles
Utility and Services:
Logistics Services | Equipment Assessment Service | Material Audits & Valuation Service | Remelting of Aluminium Scrap Service | Cable Recycling Service | Warehousing and Distribution Service | Sea Freight Service
Surplus Products:
Chlorine Supply Unit | Aluminium Extrusion Plant | MCT 160 Horizontal Double Spindle Machining Center
Aluminium Buying Leads:
Aluminium Ingot | Aluminium Ingot A7 | Aluminium Scrap 6063 | Low Purity Secondary aluminium Ingot
Aluminium Selling Leads:
Chlorine Supply Unit | Aluminum Cables | Aluminium ADC12 Ingots | High Quality Aluminium Extrusion Profiles
Sellers:
Hindalco Brasil | RIA Cast House Engineering | Prodigo Metals Recovery | Ceraflux India Pvt. Ltd. | Madina Metal | Hensfate Metal | Automation Innovation | Teeba Metals Trading LLC
AlCircleBiz: CONNECTING BUSINESS - IN THE GLOBAL ALUMINIUM INDUSTRY
Founded in 2019 and based out of Singapore, AlCircleBiz is the world's 1st online B2B marketplace for the global aluminium industry, connecting businesses. One of the biggest USPs of AlCircleBiz is – it covers the entire aluminium value chain i.e., from - raw materials and consumables, primary aluminium, equipment, aluminium products, scrap, technology, service providers – bringing everything under one roof.
When you register on AlCircleBiz, you can post business leads, get to explore all listed products and services and can send enquiries directly to the sellers. When you onboard as a registered seller, you can list unlimited products/services to get new customers & grow your business in the domestic as well as international aluminium industry.
BUY/SEND ENQUIRY FROM AlCircleBiz
Raw Materials and Consumables
Find quality & verified aluminium raw materials and consumables suppliers, manufacturers, exporters, importers and buyers around the world. Get contact details and address of companies & reach out to them through online enquiries. From Propeller Scrap, Tin Brass Scrap, Gun Metal Scrap, Honey Brass Scrap, Silicon Metal 3303 and more. Discover sellers like Xiamen JCX Import And Export Co.Ltd, Al-Azeem Enterprises, Madina Metal and more.
Primary Aluminium
Find Primary aluminium manufacturers and suppliers. Choose reliable and genuine primary aluminium manufacturers, suppliers, exporters at AlCircleBiz. Aluminium Ingot, Billet, Alloy Bar latest price from sellers like RADIANTA ALLOYS PVT. LTD., Shayona Impex, Silver Rush Exim and more.
Machinery and Equipment
Find quality aluminium machinery and equipment, suppliers, manufacturers, exporters, importers and buyers around the world. Send enquiries on aluminium machinery and equipment products to get price quotes and other information.
Aluminium Products
Find quality & verified aluminium products suppliers, manufacturers, exporters, importers and buyers around the world. Latest price on aluminium products. Get contact details and address of companies manufacturing and supplying aluminium products.
End User
Find quality aluminium end user product suppliers, manufacturers, exporters, importers and buyers around the world. Get contact details and address of companies manufacturing and supplying aluminium end user products.
Utility and Services
Find all different kinds of aluminium utility and services providers around the world at AlCircleBiz. Get contact details and address of companies providing utility and services for the aluminium industry.
Surplus Products
SURPLUS, a unique feature of AlCircleBiz, to help you sell any unused assets, with customized and dedicated marketing to attract immediate customer needs. If you have any unused product, raw materials, scrap or used equipment or machinery and you want to sell it off, then you can get verified enquiries from potential customers by availing this SURPLUS feature.
Aluminium Business Leads
Both sellers and buyers can post business leads for any specific requirements & can choose to respond to other active business leads.
Post Buying and Selling leads at AlCircleBiz is easy, fast & super affordable! We follow an authentic online method of reaching a niche audience and once you have posted a lead, you can get an unlimited number of responses against your lead. These business leads cover the entire aluminium value chain that includes Raw Materials and Consumables, Primary Aluminium, Machinery and Equipment, Aluminium Products, End User, Utility and Services and Surplus Products.
AUTHENTICITY
The in-house team of experts at AlCircleBiz is trained to check and verify the authenticity of online presence of all their registered sellers and business leads, hence you get a list of reliable product suppliers and only verified leads.
SERVICES AND PRICING
Registration on AlCircleBiz is FREE. With Registration, you get the following benefits -
- Explore AlCircleBiz platform to get connected with global sellers and buyers
- Check out all products/services & send unlimited enquiries directly to the sellers
- Post unlimited buying and selling requirements as Business Leads
- Get responses from potential customers against your posted Lead (First 10 responses in one year are free)
- Check out other active Business Leads and respond directly to the clients at No Cost - Unlimited Responses
If you onboard yourself as a registered seller for FREE, you get the following additional benefits
- Get free company profile page on AlCircleBiz website
- List unlimited number of products/services
- Get enquiries directly in your Inbox from potential clients (First 10 enquiries in one year are free)
We also have many paid offerings - like MyBiz, Surplus, Advertisement Solutions etc.
Visit us at: www.alcirclebiz.com
Global marketplace for the
entire aluminium value chain.
Sign In/Up
Email
Call
