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Under The Tariff Policy, US Aluminum Imports Rose In July
- Sep 07, 2018 -

1. According to Dow Jones News on September 5, data released by the US Department of Commerce on Wednesday showed that the US imports of aluminum in July this year were 142,953,964 kg, higher than the 136,827,101 kg in June, and the total imports from January to July totaled 1,265,188,181 kg. US aluminum exports in July were 5,490,206 kg, much higher than June's 4,674,761 kg, and exports from January to July totaled 51,505,333 kg.

2. The first Japanese aluminum premium trade in the fourth quarter was finalized. The premium for the premium is $103/ton. A source of negotiations said on Wednesday that an aluminum producer and a Japanese trader have agreed to set a fourth-quarter aluminum contract premium at $103 per ton (compared to the London Metal Exchange spot price premium), CIF Japan, compared to the third quarter. At the time of the price of 132 US dollars per ton fell 22%. According to sources, the deal was made to ship 500-1,500 tons of P1020 aluminum ingots to Japan every month from October to December. This was the first deal in the fourth quarter of the aluminum contract premium, after a manufacturer last week quoted a price of $115 per ton higher than the LME spot price, and another producer on Tuesday was quoted at $112 per ton. The premium negotiations are aimed at aluminum ingots and value-added products from Australia, South Africa, Russia and Canada. As many as five producers and 15 Japanese buyers are involved in the negotiations and are expected to finalize the agreement by the end of this month.

3. Russian Deputy Finance Minister Russia may purchase aluminum to increase the liquidity of Rusal. According to Bloomberg News, Russian Deputy Finance Minister Vladimir Kolychev said in an interview with Bloomberg TV in Moscow, "If there is a need to help Russia in some form in the short term. If aluminum increases some liquidity, the government may buy aluminum or solve the problem through loans." Most importantly, RUSAL is still operating. The current employment is not too affected by the US mid- and long-term sanctions. The company should be able to operate without government support.

4. [The Alunorte alumina plant under Hydro has signed an agreement with the Brazilian government] SMM learned from the official website of Hydro. On September 5, the Alunorte alumina plant signed two agreements on technical adjustment and social responsibility with the Brazilian government. The recovery time of the alumina plant was not clear. John Thuestad, vice chairman of Hydro, who is responsible for the bauxite and alumina business, believes that "the agreement is a milestone for Alunorte to resume normal production."