A Weekly Review of Aluminium Industry News: Ukraine initiates an anti-dumping investigation against China-related aluminum ladders

1. Ukraine initiated an anti-dumping investigation against China-related aluminum ladders

On September 1, 2021, the Ukrainian Interagency International Trade Commission issued an announcement that, in response to the application of Ukrainian domestic enterprises, in accordance with the resolution AD-503/2021/4411-03 of August 27, 2021, the Polish and Belarusian aluminum ladders (Ukrainian: драбини алюмінієві) initiated anti-dumping investigations. The Ukrainian tax number of the products involved is 7616 99 90 00. The announcement takes effect from the date of issuance.

Stakeholders should register with the Ministry of Economy of Ukraine within 30 days of the announcement, submit an application for a hearing, and submit written comments on the case and evidence materials within 60 days.

2. Mingtai Aluminum: In August, the production of aluminum plates, strips and foils was 99,500 tons, a year-on-year increase of 19%

Recently, Mingtai Aluminum issued a business bulletin for August 2021. Among them, the production of aluminum plates, strips and foils was 99,500 tons, a year-on-year increase of 19%; sales of 99,700 tons, a year-on-year increase of 14%. The production of aluminum profiles was 14,000 tons, a year-on-year increase of 58%; sales of 0.15 million tons, a year-on-year increase of 197%.

3. The relative oversupply crisis of alumina under the ceiling of production capacity

The domestic bauxite reserves are low, tasteless, and unsustainable. The alumina raw material end is highly dependent on imports, and the production cost is relatively high. The high concentration of foreign bauxite is not conducive to the development of import trade at the raw material end, and alumina production faces greater risks.

Fourth, Anyi and Foshan Nanhai District Aluminum Profile Industry Association signed a strategic cooperation agreement

In order to further promote the aluminum industry cooperation between Anyi and Foshan, on the morning of August 31, the Anyi Aluminum Alloy Plastic Steel Profile Industry Base Enterprise Association and the Nanhai District Aluminum Profile Industry Association held a strategic cooperation agreement signing ceremony in Foshan. Peng Kaixian, a member of the Party Leadership Group of Nanchang Municipal Government, and Panshi, the deputy head of Nanhai District, Foshan City, attended and witnessed the event. Liu Zhiwei, Member of the Standing Committee of the County Party Committee, Deputy County Mayor, and Secretary of the Party Working Committee of the Park, the Municipal Bureau of Industry and Information Technology, and the Municipal Bureau of Commerce participated.

5. Centaline Futures: raise the target by 25,000? Where is the risk of aluminum price market outlook

At present, as the production of electrolytic aluminum in some provinces is affected by factors such as dual control of energy consumption and phased power restrictions, domestic aluminum prices have reached new highs all the way. Among them, the main contract of Shanghai Aluminum once touched the first line of 21,550 yuan/ton. Many institutions and Investors have raised their latest target to the 2006 historical high of 25,000 points.

6. Development and Reform Commission: The output of electrolytic aluminum in the first half of the year was 19.64 million tons, an increase of 10.1%

The National Development and Reform Commission announced the operation of the non-ferrous metal industry in the first half of the year. In the first half of the year, the national output of ten non-ferrous metals was 32.55 million tons, an increase of 11% year-on-year, and the growth rate increased by 8.1 percentage points year-on-year. Among them, the output of copper was 5.15 million tons, an increase of 12.2%, an increase of 7.6 percentage points; the output of electrolytic aluminum was 19.64 million tons, an increase of 10.1%, an increase of 8.4 percentage points; the output of lead was 3.61 million tons, an increase of 20.9%, an increase of 16.5%; the output of zinc 3.27 million tons, an increase of 5%, a decrease of 2.7%. The output of alumina was 39.28 million tons, an increase of 11% year-on-year, and a decrease of 5.1% in the same period last year.

7. Relevant person in charge of China Nonferrous Metals Industry Association answers questions from reporters about the “Video Conference on Electrolytic Aluminum Guarantee Supply and Price Stabilization”

On August 30, in order to do a good job in ensuring supply and price stabilization in the electrolytic aluminum industry, and to prevent malicious speculation and irrational increases in aluminum prices, the China Nonferrous Metals Industry Association held a video conference on key electrolytic aluminum enterprises. Regarding the video conference and related hot issues in the electrolytic aluminum industry, the reporter interviewed the relevant person in charge of the Nonferrous Metals Association.

8. Ministry of Commerce: Last week (August 23 to 29) the price of non-ferrous metals rose slightly, and the price of steel steadily rose slightly

According to the monitoring of the Ministry of Commerce, the national market price of edible agricultural products dropped by 0.6% from the previous week (the same below) last week (August 23-29), and the market price of means of production rose by 0.6% from the previous week.

The prices of non-ferrous metals rose slightly, among which the prices of copper, aluminum and zinc rose by 2.3%, 2.2% and 0.1% respectively.

9. Standing at a 15-year high, how will Shanghai Aluminum go next?

Shanghai Aluminum started this wave of gains in April last year, and it has been nearly 17 months. Although there have been declines during this period, each fall seems to be for higher and stronger rises. In late August, the futures price rose above 20,000 points and hit a 15-year high today.

Why is Shanghai Aluminum so strong? What impact will the NDRC’s tiered electricity price policy for the electrolytic aluminum industry have on the cost side? “Golden Nine and Silver Ten” is approaching, what is the expectation of follow-up demand? Will the short-term strong trend of aluminum prices continue? Wenhua Finance [Institutional Consultation] section invites aluminum futures experts to analyze them one by one for you.

10. SDIC Essence Futures: Limiting the production of electrolytic aluminum to increase “aluminum” to a new high

It is reported that Guangxi region will adopt a new round of electricity curtailment measures. On Monday, the most affected ferroalloy daily limit, Shanghai Aluminum continued to rise and once exceeded the 2008 high of 21500 yuan.

Documents transmitted on the Internet over the weekend showed that the Guangxi region will hold a deployment meeting to strengthen the dual control of energy consumption, and it is proposed that the output of each electrolytic aluminum plant in September shall not exceed 80% of the average monthly output in the first half of 2021. The output of alumina enterprises in September shall not exceed 50% of the average monthly output in the first half of 2021. The company has not yet received the notification, and the specific implementation is yet to be determined.

11. What happened to the aluminum price hitting a ten-year high?

The price of aluminum futures in London has rebounded more than 2020% from April 4. On the one hand, demand is released as the economy is unblocked. On the other hand, the disruption of the global supply chain has exacerbated shortages in some regions, thereby further pushing up prices.

Under the dual stimulus of demand recovery and supply chain disruption, global aluminum prices continue to rise.

The price of aluminum futures in London has climbed by one-third this year, reaching approximately US$2650/ton, a new high since 2011.With the gradual recovery of the global economy from the impact of the epidemic, the price of aluminum futures in London has rebounded more than 2020% from April 4.

From beverage cans to airplanes and constructions, aluminum is widely used in various fields of life and production.Before the outbreak of the epidemic, the global aluminum market was in a dilemma of oversupply, and aluminum prices have entered a downward trend since their peak in 2018.

12. The entire Guangxi region resolutely curbs the blind development of the “two highs” projects and strengthens the dual control of energy consumption. A video and telephone conference is held

On August 30, the Guangxi Autonomous Region government held a video conference on resolutely curbing the blind development of the “two highs” project and strengthening the dual control of energy consumption, resolutely implemented the central and autonomous region’s decision and deployment on dual energy control, and quickly conveyed the implementation of the State Council’s resolute containment The “Two Highs” project blindly develops the spirit of video and telephone conferences, informs Guangxi on the dual control of energy consumption in the first half of the year and curbs the blind development of the “Two Highs” projects, and deploys key tasks in the second half of the year. Lan Lan, chairman of the autonomous region, presided over the meeting and delivered a speech.

13. Global alumina production increased by 3.18% month-on-month in July 2021

According to data from the International Aluminum Association, the global alumina production reached 12.234 million tons in July 2021, an increase of 3.18% month-on-month and an increase of 7.95% year-on-year; the cumulative global alumina production from January to July 2021 reached 82.299 million tons, an increase of 6.67% year-on-year . Among them, alumina output in Africa and Asia (excluding China) in July 2021 was 1.125 million tons, an increase of 5.83% month-on-month and an increase of 3.21% year-on-year; in July 2021, alumina output in Oceania was 1.79 million tons, an increase of 1.36% month-on-month.

In July 2021, the global daily output of alumina was 394,600 tons, a decrease of 0.5% month-on-month and an increase of 7.93% year-on-year.

14. *ST Zhongfu’s net profit of 829 million yuan in the first half of the year

On the evening of August 30, *ST Zhongfu disclosed its semi-annual report. In the first half of the year, the company achieved revenue of 6.965 billion yuan, an increase of 124.55% year-on-year; net profit was 829 million yuan, turning losses into profits year-on-year.

15. China Nonferrous Metals Industry Association held a video conference on the supply and price stability of electrolytic aluminum

In order to do a good job in ensuring supply and price stabilization in the electrolytic aluminum industry, and to prevent malicious speculation and irrational rise in aluminum prices, the China Nonferrous Metals Industry Association held a video conference for backbone electrolytic aluminum enterprises on the afternoon of August 30, 2021. Ten electrolytic aluminum companies including China Aluminum Group, Weiqiao Venture, State Power Investment, Shandong Xinfa, Oriental Hope, Jiu Steel Group, Henan Shenhuo, Tianshan Aluminum, Hangzhou Jinjiang, and Yidian Group participated in the meeting. The electrolytic aluminum production capacity of participating companies The total is more than 30 million tons, accounting for more than 70% of the total production capacity of electrolytic aluminum in the country.

16. Deepening the reform of electricity prices How does the electrolytic aluminum industry accomplish the task of energy saving and emission reduction?

The National Development and Reform Commission issued the “Notice on Improving the Tiered Electricity Price Policy for the Electrolytic Aluminum Industry” on August 27. This is the concrete implementation of the country to further improve the green price mechanism and give full play to the guiding role of the electricity price signal. Analysts said that my country’s deepening of electricity price reform will play an important role in promoting the continuous energy saving and emission reduction of my country’s electrolytic aluminum industry, improving energy utilization efficiency, and helping to achieve the goal of carbon peak and carbon neutrality.

17. The industry invests in the construction of a new energy aluminum die-casting production base in Hubei

On August 26, 2021, the Xian’an District Committee and District Government organized a centralized signing event for key investment promotion projects in the third quarter of 2021 in Xian’an District. As a key investment project in Xian’an District, Hubei attended the signing ceremony and successfully completed the cooperation contract with the district government, marking the official launch of the new energy industry project.

Xian’an District Committee Secretary, Comrade Gu Xingwang, District Committee Deputy Secretary, District Mayor Li Junping, District Government Deputy District Mayor Du Xinguo and other district committee representatives attended the signing ceremony. Minth Group CEO Mr. Chen Binbo, Industrial General Manager Mr. Xiang Haibin, Global Japanese Department Mr. Liu Anfeng, Director of Key Accounts, Ms. Xiao Jun, Director of Sharing Platforms in Central China, and Ms. He Xian, General Manager of Hubei Factory, led the Hubei team to attend the signing ceremony and witness the signing of the project.

18. Baoji’s annual investment of 100 million yuan in the production line of broken bridge aluminum doors and windows will be put into operation at the end of September

Recently, I walked into the site of the “20-square-meter energy-saving aluminum alloy door and window production line project for the northwest curtain wall with an annual output of 9 square meters” in Fufeng County. I saw that the newly built comprehensive office building and production plant have been completed, and the workers are busy installing and debugging. The equipment is ready for production at the end of September. The person in charge of the site introduced that after the project is put into production, it will be the city’s largest broken bridge aluminum door and window production line project.

19. Zouping’s “14th Five-Year Plan” end of recycled aluminum production capacity can reach 3 million tons

On August 29th, Shandong News broadcast a single report on the transformation and upgrading of Binzhou Aluminum Industry: Zouping City, through the green remodeling of the entire aluminum industry chain, self-pressurized, promoted low-carbon transformation, and accelerated the realization of green development. As of 2020, Zouping has shut down and transferred a total of 2.54 million tons of electrolytic aluminum production capacity, shut down and dismantled coal-fired power generating units of 4.039 million kilowatts, and aluminum owner-operated business income was 250 billion yuan, a year-on-year increase of 28% under the condition of reduced production capacity. At the end of the “14th Five-Year Plan”, the local secondary aluminum production capacity will reach 3 million tons, accounting for more than 60%, and the city’s energy consumption and carbon emissions will be reduced by 50%.

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