Calculate Embedded Emissions for Unwrought Aluminium (HS7601)

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Payable emissions (tCO₂e/t)

Total CBAM Cost (€)

Notes:
There may be a difference when calculating the price with respect to import volume, carbon price, and benchmark emissions, as the embedded formula may result in minor variations due to decimal rounding. Therefore, the actual value may vary.

CBAM is applicable to trade volumes starting from 50 metric tonnes. For trade volumes below 50 metric tonnes, CBAM does not apply.

Usage Procedure – How to use the CBAM Calculator Sheet

Enter or update values only in the INPUT
PARAMETERS section (Highlighted in blue) , including
the carbon price, benchmark emissions, CBAM
chargeable percentage (as per the phase-in year),
and imported quantity.

The system will automatically calculate the payable
emissions and the total CBAM cost (€) based on the
inputs provided.

Notes:
• Change any input value to automatically update CBAM cost.
• Formula used: Carbon price × payable emissions × quantity.
• Model aligned with CBAM supplier-side illustrative methodology.

26 JUNE 2024 AL CIRCLE

India’s imported aluminium scrap prices fall W-o-W owing to monsoon slowdown despite stable LME rates

EDITED BY : SARNALI CHAKRABORTY 2MINS READ

This week, India's imported aluminium scrap prices have experienced a downward correction. This is primarily due to the impact of the approaching monsoon on market demand, despite the stable LME aluminium prices. The resulting activity slowdown has led to this market shift. The 3-month LME aluminium prices remained steady at $2,500/t, with little change week-over-week.

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According to BigMint's assessment, tense scrap from the Middle East, particularly the UAE, saw a US$30 per tonne decline, settling at US$1,800 per tonne. Additionally, zorba 95/5 from the UK dropped by $50 per tonne, reaching $2,080 per tonne CFR on the west coast of India. Meanwhile, a few grades like US tense 6-7 per cent and UK taint tabor C/S recorded a drop of up to US$25 per tonne w-o-w moving down to US$1,835 per tonne and US$1,780 per tonne CFR west coast.

Market changes

Despite the Middle East market being closed last week for the Eid holidays, which lasted five days from June 14 (Friday) to June 18 (Tuesday), activities have remained sluggish this week. In May, India's aluminium scrap imports increased by 19% compared to the previous month, following a 5% rise in April, according to provisional data from BigMint. The imports reached 161,644 tonnes in May, up from 135,816 tonnes in April.

"In India, buying interest is expected to stay low until after July. Alloy manufacturers have enough scrap stocks to meet orders for the next 1-2 months because of delayed shipments that arrived in May from orders placed between January and March," said an alloy manufacturer.

In the domestic market, tense scrap prices have remained range-bound in Delhi and Chennai. BigMint's assessment shows domestic tense scrap prices are INR 182,000/t ex-Delhi NCR and INR 183,000/t ex-Chennai.

Outlook

Looking ahead, imported scrap prices are expected to experience slight adjustments due to weak demand. Globally, uncertainty continues to impact LME aluminium prices, which have fallen to $2,500 per tonne after reaching a two-year high of $2,750 per tonne at the beginning of May.

sourced from SteelMint under the content exchange agreement

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