Product Type: Market Research Report
Published by: CRISIL Ltd.
Published: September 2007
Product Code: R3543-7Description Aluminium prices have been on an uptrend since April 2006, leading to high profitability of domestic aluminium players. Whether the uptrend in prices will sustain?
In such a situation, critical questions arise are:
- What is the outlook on aluminium global demand-supply balance?
- What would happen to the primary aluminium prices?
- What is the quantum of capacity addition in the next five years, globally as well as
domestic?
- How would domestic consumption grow in the next five years and thus how much of the
capacities would be utilized by domestic consumption?
- Would India be able to export the surplus?
- How would margins move in the next 1-2 years?
Who will benefit:
- Investment Managers
- Venture Capitalists
- Management Consultants
- Research Companies
- Private Equity Managers
- Market intermediates
- Banks
- Aluminium Industry participants
- Analyst
- Other Industry Professionals
Table of Contents - Sections
- Profitability to improve during 2007-09
- Executive summary
- 1.0 Profitability
- 2.0 Price trends
- 3.0 Global demand
- China will drive demand
- US consumption to slow down
- Consumption to slow down marginally in Europe
- Asia’s consumption (excluding China) is expected to increase
- 4.0 Global supply
- 5.0 China: The key to aluminium market
- China to turn net importer from 2009 onwards
- 6.0 Domestic demand
- 7.0 Domestic supply
- 8.0 Input costs
- Alumina
- Tight regional demand-supply to push up non-coking coal prices globally
- Caustic soda prices to fall from current levels
- Figures
- 1.0 Profitability
- 01 Domestic and LME prices
- 02 Domestic players and PBIT margins
- 2.0 Price trends
- 01 Aluminium prices - International
- 02 Global demand-capacity ratio
- 03 If China’s consumption grows at 8 per cent CAGR…
- 3.0 Global demand
- 01 Aluminium demand - 2006
- 02 Aluminium demand - 2011E
- 03 World consumption pattern
- 04 China - Investment in fixed assets
- 05 China - Sector-wise consumption
- 06 US - Sector-wise consumption
- Figures
- 4.0 Global supply
- 01 Aluminium supply - 1995
- 02 Aluminium supply - 2006
- 5.0 China: The key to aluminium market
- 01 China’s slowing production
- 02 China to turn net importer by 2009
- 6.0 Domestic demand
- 01 Consumption pattern in India
- 7.0 Domestic supply
- 01 Domestic demand-capacity ratio
- 02 Net exportable surplus
- 03 Domestic alumina - Demand-capacity ratio
- 8.0 Input costs
- 01 Aluminium - Total cost components
- 02 Alumina - Total cost components
- 03 Alumina - International prices
- 04 Global alumina demand-capacity ratio
- 05 International coal prices
- 06 Caustic soda - Price trends
- Tables
- 2.0 Price trends
- 01 Global demand-supply situation
- 3.0 Global demand
- 01 China - Expected growth rates
- 6.0 Domestic demand
- 01 India - End-user segment
- 02 Past and projected future growth rates of volume sales
- 03 Capacity addition - Transmission
- 7.0 Domestic supply
- 01 India to become a net exporter from 2010-11
- 02 Capacity additions by players
- 03 Upcoming alumina capacities
- Sections
- 1.0 Introduction
- Properties of aluminium
- Uses of aluminium
- 2.0 Manufacturing process
- Primary manufacturing technology
- Key characteristics of the aluminium production process
- Semi-fabrication technology
- 3.0 Demand
- Skyrocketing demand for primary aluminium
- Aluminium usage in multiple applications
- Sectoral usage of aluminium
- Demand trend and review
- Recycled aluminium: Small, unorganised market
- 4.0 Supply trends and review
- Primary aluminium: Supply trying to keep pace with demand
- Value-added products
- Trends in imports and exports
- 5.0 Price trends
- International price trends
- 6.0 Cost and margins
- Material inputs
- Alumina
- 7.0 Domestic market review
- Aluminium: Margins peaked in 2006-07
- 8.0 Player profiles: Domestic
- Hindalco
- Nalco
- Balco
- Malco
- 9.0 Player profiles: International
- Alcoa
- Rio Tinto-Alcan (combined entity)
- United Company Rusal (merged entity)
- Norsk Hydro
- Chalco
- Charts
- 2.0 Manufacturing process
- 01 Process flow for aluminum products
- 02 Alumina refining (Bayer process)
- 03 Aluminium smelting: Hall-Heroult process
- Figures
- 2.0 Manufacturing process
- 01 Aluminium: Electricity consumption trends
- 3.0 Demand
- 01 Aluminium: Global end-use pattern (2006)
- 02 Domestic end-use (India)
- 03 Global end-use (USA)
- 04 Global per capita aluminium consumption
- 5.0 Price trends
- 01 Aluminium: International prices (need to update)
- 02 Aluminium: Domestic prices (need to update the graph)
- 6.0 Cost and margins
- 01 Global bauxite reserves (estimated)
- 02 Electricity usage — purchased vs generated
- 03 Electricity consumption per tonne of aluminium
- 04 Naphtha: Domestic prices
- 05 Diesel prices — Mumbai (retail)
- 7.0 Domestic market review
- 01 Steady growth in operating margins
- 02 Player margins
- 03 Aggregate sales of the industry
- 04 Imports for domestic consumption on the rise
- 05 Healthy growth in auto production
- 06 Investment in power transmission and distribution
- Tables
- 2.0 Manufacturing process
- 01 Aluminium: Technology suppliers
- 02 Aluminium: Share of technologies
- 03 Aluminium: Average operating parameters
- 3.0 Demand
- 01 Aluminium: Demand-supply
- 6.0 Cost and margins
- 01 Capacity additions in alumina
- Sections
- 1.0 Industry statistics
- Tables
- 1.0 Industry statistics
- 01 Aluminium: Usage in automobiles (India)
- 02 Aluminium: Sectoral consumption
- 03 Aluminium: Demand-supply
- 04 Aluminium: Company-wise capacity
- 05 Aluminium: Company-wise production
- 06 Aluminium: Import-export
- 07 Aluminium: Customs duty structure
- 08 Aluminium: Excise duty structure
- 09 Bauxite: Production
- 10 Bauxite: Region-wise production
- 11 Alumina: World capacity
- 12 Alumina: Production
- 13 Alumina: Region-wise production
- 14 Industry: Financials
- 15 Bharat Aluminium Co Ltd: Financials
- 16 Hindalco Industries Ltd: Financials
- 17 Madras Aluminium Co Ltd: Financials
- 18 National Aluminium Co Ltd: Financials
- 19 Hindalco: Profile
- 20 Nalco: Profile
- 21 Balco: Profile
- 22 Malco: Profile
- 23 Aluminium: Production of selected countries
- 24 Aluminium: Capacity of select countries
- 25 Aluminium: LME stocks
- 26 Aluminium: World inventories
- 27 Aluminium: International demand-supply
- 28 Smelter capacities: Alcoa and Alcan
- 29 Alcoa: Profile
- 30 Alcan: Profile
- 31 Norsk Hydro: Profile
- 32 Chalco: Profile
- 33 Rusal: Profile
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