Views:1 Author:JIA HUA ALUMINIUM CO., LTD Publish Time: 2020-07-21 Origin:Site
U.S. scrap aluminum exports to Malaysia increased nearly 88% year-on-year in the first quarter
The United States, in the first quarter of 2020 (January-March), exported 73,400 tonnes of aluminium scrap to Malaysia, according to the latest US Geological Survey data. Year-on-year, the export recorded a hike of 88 per cent from 39,100 tonnes.
In March 2020, the country exported 24,400 tonnes of scrap to Malaysia, 8.4 per cent higher than 22,500 tonnes month-on-month. On a yearly basis, the export stood up by 60.52 per cent from 15,200 tonnes. In February, however, the aluminium scrap export from the United States to Malaysia stood down by 15.1 per cent from 26,500 tonnes in January. While in December 2019, the US exported 32,500 tonnes to Malaysia, the export in January experienced a month-on-month decrease of 18.46 per cent.
So, the above data demonstrate the fact that the United States’ aluminium scrap export to Malaysia saw a hike in March 2020 after two consecutive months of downfall. The United States’ total aluminium scrap export in the first quarter of 2020 amounted to 458,000 tonnes, up by 1.10 per cent from 453,000 tonnes during the same period last year.
forward from: https://www.alcircle.com/news/us-aluminium-scrap-exports-to-malaysia-jump-88-in-q120-export-in-march-grows-m-o-m-after-two-months-of-decline-57427
Compiled from Alcircle
The United States's aluminum cans supply are facing the challenged.
The production of drinks in The United States are facing the challenged of lack of supply for aluminum can. Due to the increasing consumption of drink and alcohol. According to the state man in American aluminum association, the demand of aluminum cans are increasing a lot during the COVID-19 pandemic.
From may on, the supplier have increased the volume of delivery. And European association also point that people have big demand of food and takeaway when they stay at home for a long time. Therefore, The demand for aluminum foil and aluminum cans is also increasing.
The volume of aluminum production in first quarter Year-on-year increase 2/3 more than 100000 tons in Iran.
Until 20th June 2020, The aluminum production have produced 1010000 tons before the new years in Iran. Year-on-year increase is 2/3. Thanks to the abundant raw material resources, Iran's aluminum industry exports have performed strongly. The Iranian Minister of Mines estimates that the output value of Iran’s aluminum industry is approximately US$22 billion. The country plans to increase its annual aluminum ingot production capacity to 1.5 million tons/year by 2025。
The second quarter in unite stated : Export volume of aluminum have increase but incoming is less than first quarter.
American aluminum association show on 15th July that during the reporting period, the company’s third-party aluminum shipments increased by about 9% from the previous month, mainly due to the continuous restart of the Aluminerie de Bécancour Inc. smelter in Quebec, Canada.Third-party alumina shipments increased by about 2% month-on-month. Alcoa achieved revenues of US$2.1 billion in the second quarter, a 10% decrease from the previous quarter, mainly due to the decline in aluminum and alumina prices. During the reporting period, Alcoa had a net loss of US$197 million and a net income of US$80 million in the first quarter.