The Latest Developments In The Aluminum Industry

- Nov 08, 2018-

1. India's alumina imports in 2018 are expected to increase by 37.5%. According to CARE's report, India ranks fourth in terms of alumina production, accounting for about 5% of world alumina production. The report shows that alumina production in the fiscal year 2015-16 to 2016-17 increased by 8.4% year-on-year. Some of them are consumed internally, while the rest are exported. So despite this, a large number of aluminum producers and cement and ceramics producers in India are still importing large amounts of alumina for consumption. In 2016, India's total alumina imports totaled 1.3 million tons, an increase of 53% for the year to 2 million tons. It is also possible to follow this import this year, with an estimated total import volume of approximately 2.75 million tons, an increase of 37.5% over 2017. India's alumina imports in the first quarter of 2018 were 600,116 tons, compared with 431,910 tons in the first quarter of 2017, a year-on-year increase of 39%.

2. Goldman Sachs: The price of aluminum is expected to be $2,200/ton over the next three months. November 7th: Although Brazil's Alunorte aluminum refining is still operating 50% of its capacity, RUSAL's sanctions are about to surface, and China's winter production has begun. Goldman Sachs said, "The market has no supply risks." . Goldman Sachs said that despite the lower-than-expected demand, “the market is clearly in a state of supply shortage, and inventory is still falling.” The price of aluminum is expected to be $2,200/ton in the next three months, $2,100/ton in six months, and $2,000/ton in 12 months.