The 29th Aluminum Door, Window and Curtain Wall Expo opens!
April 7, Guangzhou. At the site of the 29th Aluminum Door, Window and Curtain Wall Expo, well-known aluminum profile companies such as Fenglu, Jianmei, Weiye, Guangya, Guangzhou Aluminum, and Haomei all attended the scene and presented “beauty” on the same stage. The exhibition has a scale of 66,217 professional buyers, an exhibition area of 100,000+ square meters, 86,111 visitors, and 700+ exhibitors. Nine thematic exhibition areas: system doors and windows, curtain wall materials, profile heat insulation, fire doors and windows, door and window equipment, door and window hardware, and structural adhesives to accurately lock buyers in the aluminum door, window and curtain wall industry chain. The unchanged exhibition venue, increasing number of exhibitors, soaring number of visitors, and innovative exhibition products constitute the multi-faceted highlights of this exhibition. Welcome to World Aluminum (Booth No.: 2A38)!
The initial value of China’s primary aluminum production in March was 3.4199 million tons
The initial value of China’s primary aluminum production in March 2023 was 3.4199 million tons, a year-on-year increase of 1.92% and a month-on-month increase of 9.78%; the average daily output in March was 110,300 tons, a slight decrease of 0.09 million tons/day from the month-on-month period (the actual production days were 31 days), mainly because Production capacity in Yunnan was concentrated at the end of February, and its impact on production in March was greater than that in February. In March, the operating capacity of the supply side rebounded slowly, mainly contributed by Sichuan, Guizhou, Guangxi, and Inner Mongolia. However, due to factors such as the rapid decline in aluminum prices in March, technical transformation of projects, and insufficient supply of auxiliary materials, the overall pace of resumption of production was slow.
Goldman Sachs: expects aluminum prices to rise in the next year
Goldman Sachs adjusted the 3/6/12 month aluminum target price to 2650/2800/3200 US dollars / ton (previously 2850/3100/3750 US dollars / ton), and adjusted the LME aluminum average price forecast to 2700 US dollars / ton in 2023 ( Previously it was US$3125/ton). Goldman Sachs believes that the aluminum market has now turned into a deficit. Metal dislocations in Russia reinforce market tightening trends, pointing to relative premium tailwinds. Aluminum prices will rise as inventory levels approach very low levels in the second half of 2023 and 2024. It is predicted that the average price of LME aluminum will be US$4,500/ton in 2024 and US$5,000/ton in 2025.
Looking at the global supply and demand pattern from the perspective of the domestic alumina industry chain
China’s alumina import dependence is decreasing year by year. In 2022, China’s alumina import dependence is only 2.3%, mainly from Australia, Indonesia, Vietnam and other places. In 2022, China’s alumina production capacity will be 99.5 million tons, and the output will be 72.8 million tons. Compared with the ceiling of 45 million tons of electrolytic aluminum, there is excess capacity. The expansion of my country’s alumina production capacity follows the footsteps of the expansion of electrolytic aluminum. Alumina plants whose raw materials are domestic bauxite are mostly built according to mines. The regional concentration of alumina in my country is relatively high. Shandong, Shanxi, Guangxi, and Henan account for 82.5% of the country’s total production capacity. The supply is abundant, and it is sent to Xinjiang, Inner Mongolia, and Yunnan.
Mexico made the final ruling on the first anti-dumping sunset review on Chinese aluminum cookware
On March 31, 2023, Mexico made the first anti-dumping sunset review final ruling on aluminum cookware originating in or imported from China, and decided to maintain the anti-dumping measures determined by the original final ruling on October 13, 2016. It will take effect on October 14, 2021 and will be valid for 5 years.
【Entreprise’s news】
China Hongqiao: Shandong Hongqiao and CITIC Metal entered into a framework agreement for the sale of aluminum ingots
China Hongqiao announced that Shandong Hongqiao and CITIC Metal entered into a framework agreement on the sale of aluminum ingots on March 30, 2023, with a period from March 30, 2023 to December 31, 2025 (both dates inclusive). Accordingly, Party A agrees to buy and sell aluminum ingots from/from Party B.
Mingtai Aluminum: Sales of aluminum profiles in March fell by 33% year-on-year
Mingtai Aluminum disclosed its business bulletin for March 2023. In March, the company sold 114,800 tons of aluminum sheet, strip and foil, a year-on-year increase of 0.44%; the sales volume of aluminum profiles was 1,400 tons, a year-on-year decrease of 33%.
Innovative new materials: Proposed joint venture construction of lightweight aluminum alloy material projects for new energy vehicles
Innovation New Materials Announcement, the company’s wholly-owned subsidiary Yunnan Innovation Alloy signed a “Joint Joint Venture Contract” with Gränges on March 31, 2023. After completion, the registered capital of Yunnan Chuangge New Materials will increase to 300 million yuan, and Yunnan Chuangxin Alloy and Granges will hold 51% and 49% of the shares of Yunnan Chuangge New Materials respectively. The two parties will jointly manage and operate Yunnan Chuangge New Materials, and carry out the construction of a new energy vehicle lightweight aluminum alloy material project with an annual output of 320,000 tons.
Zhongfu Industry: The first phase of the subsidiary’s aluminum recycling project is expected to be basically completed by the end of the year
Zhongfu Industry recently accepted an institutional survey and stated that in 2023, the company’s subsidiary Gongyi Huifeng Renewable Resources Co., Ltd. will build a new aluminum recycling project with an annual output of 500,000 tons, of which the first phase will be the construction of a UBC alloy molten aluminum project with an annual output of 150,000 tons. It is mainly used for the grade-keeping utilization of waste cans, and it is expected to be basically completed by the end of 2023. Depending on the market conditions and future development needs, the company will respectively build a cast aluminum alloy ingot project with an annual output of 200,000 tons and a aluminum alloy round ingot project with an annual output of 150,000 tons.
Guizhou Zhenghe’s annual recycling and processing of 250,000 tons of recycled aluminum and copper and its deep processing construction project started
On March 3, Guizhou Zhenghe started construction of a project to recycle and process 250,000 tons of recycled aluminum and copper and deep processing. The total investment of the project is 380 million yuan. After the project is completed, it is expected to produce 280,000 tons of aluminum rods, 130,000 to 180,000 tons of recycled aluminum, and 5,000 tons of recycled copper.
Global vision]
Alpha received US$2.17 million in government grants for the construction of the second phase of high-purity alumina project
The Queensland State Government of Australia has provided Alpha with financial funds of up to US$2.17 million, which will be used for the second phase of Alpha’s first high-purity alumina plant in Gladstone. Phase 1 of the plant is currently being expanded to produce a full range of high-purity materials. Alpha received $15.5 million in funding from the federal government’s Critical Minerals Accelerator Initiative in April 2022. Last year, Alpha received another $45 million grant through the federal government’s Modern Manufacturing Initiative. Alpha manufactures products that are key materials for the LED, electric vehicle and semiconductor markets.
Vedanta Releases Q4 Production Report
India’s Vedanta production report shows that due to the planned shutdown of its Lanjigarh alumina plant, the company’s alumina production in the fourth quarter of fiscal year 2023 (January-March 2023) decreased by 18% year-on-year to 411,000 tons, compared with the previous quarter. down 7%. In the quarter, the company’s electrolytic aluminum output was 574,000 tons, which was basically the same as the same period last year, and an increase of 1% from the previous quarter. Among them, the output of the Jharsugud aluminum plant was 430,000 tons, and the output of the BALCO aluminum plant was 144,000 tons.
Japan bans aluminum, steel exports to Russia
Japan’s Ministry of Economy, Trade and Industry announced a list of goods prohibited from exporting to Russia, which include construction equipment (hydraulic excavators and bulldozers), aircraft and ship engines, electronic navigation equipment, flying radios, aircraft and spacecraft and their parts, drones, optics instrument. The export ban also applies to steel and its products, aluminum and its products, steam boilers and their parts, forging equipment, transport vehicles and their parts, optical fibers and cables, measuring instruments, analytical instruments, precision instruments and their parts, dual binoculars, aerial photography equipment, toys.
Post time: Apr-10-2023