According to the latest report from the US Geological Survey, US domestic primary aluminium production was 82,000 tonnes in July 2020. The average daily production stood at 2,650 tonnes, 11% less than that in June 2020 and July 2019. The month-on-month decline was due to the shutdown of the smelter in Ferndale, WA, by Alcoa Corp.
Total aluminium recovered from scrap was 268,000 tonnes in July 2020, 8% more than that in June 2020 and 5% less than that in July 2019.
Of this, 146,000 tonnes of aluminium was recovered from new scrap and 122,000 tonnes was recovered from old scrap.
In July, the average U.S. spot market price of primary aluminium ingot was $0.85 per pound, 7% more than that in June 2020 and 15% less than that in July 2019.
Inventories of primary aluminium in LME-approved warehouses including off-warrant inventories in the United States increased to 193,561 at the end of July. Inventories of secondary aluminium (North American Secondary Aluminium Alloy Contract) decreased to 35,462 tonnes at the end of July 2020.
Note to readers: AlCircle brings two-day event for aluminium industry players. We look forward to meeting you virtually at “Global Aluminium Expo 2020” on October 6-7, 2020. For registration, visit www.alcircleevents.com
source https://www.alcircle.com/news/us-primary-aluminium-output-stands-at-82-000-tonnes-in-july-2020-secondary-recovery-rises-8-mom-59193
Comments
Post a Comment