Qatalum Working to Solve Logistics Problem Arising from Middle East Tensions, Hydro Says

Published: Jun 6, 2017 15:15

Save

Qatalum, a JV between Hydro and Qatar Petroleum, is working to solve outbound logistics challenges arising from uncertain situation in the Middle East.

SHANGHAI, Jun. 6 (SMM) –Qatalum, a JV between Hydro and Qatar Petroleum, is working to solve outbound logistics challenges arising from uncertain situation in the Middle East after Saudi Arabia, UAE, Bahrain and Egypt cut off transportation links and severed diplomatic ties with Qatar, Hydro announced on its website today.

Qatalum produces more than 600,000 tonnes of value-added primary aluminum per year to customers in Asia, Europe and the US.

US Aluminum Imports and Exports Both Decline in April

Most Qatalum shipments normally go through the large Jebel Ali port in UAE, but this port looks to be closed for all Qatar shipments from Tuesday morning.

Qatalum is currently working to find alternative shipment routes to enable it to continue to serve its global customers.

Automotive Aluminum Rolled Products to See Explosive Growth in China

The article is edited by SMM and is provided for information purpose only. SMM assumes no liability and does not warrant the accuracy, reliability or completeness of information contained or quoted in the article, either express or implied. SMM further disclaims any liability for losses in connection with the information contained or quoted in the article.

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.

Qatalum Hydro

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

47 mins ago

China's Secondary Aluminum Inventory Rises 1,100 MT WoW Amid Narrowing Spot-Futures Spread

[SMM Aluminum News Flash] According to SMM statistics, the social inventory of secondary aluminum alloy ingots in China's major consumption areas increased by 1,100 mt WoW Thursday, marking the first inventory buildup since February. The main driver behind this round of inventory rebound was the significant narrowing of the spot-futures price spread, which squeezed arbitrage opportunities for spot-futures traders and hindered shipments. This was compounded by a marginal weakening of demand recently, accelerating the transfer of enterprise inventory to social inventory.

47 mins ago

1 hour ago

Aluminum Alloy Futures Drop 0.54% as Spot Prices Rise Amid Lackluster Demand

[SMM Aluminum Alloy Daily Review] Futures side, the most-traded aluminum alloy 2606 futures contract opened at 24,095 yuan/mt today, hitting an intraday high of 24,200 yuan/mt and a low of 23,735 yuan/mt, before closing the morning session at 24,000 yuan/mt, down 0.54%. Spot side, driven by a significant rise in primary aluminum prices, cost support strengthened notably, and most enterprises chose to raise prices by 100 yuan/mt. However, demand side, downstream acceptance of high prices was limited, transactions were lackluster, and some enterprises lacked the momentum to raise prices, opting to hold steady and wait.

1 hour ago

Aluminum Prices Surged Higher, Shipment Sentiment Notably Exceeded Procurement [SMM Spot Aluminum Midday Review]

1 hour ago