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.

05 JUNE 2018 AL CIRCLE

LME aluminium starts the week on a high; likely to remain strong in the short term

EDITED BY : BEETHIKA BISWAS 2MINS READ

LME aluminium started the week on a high with the consolidation of the US dollar and closed at US$ 2324.50 per tonne. The contract came off a high overnight after it rose to a high of US$2,343 per tonne as the US dollar rebounded. As its trading level expands upwards, Shanghai Metals Market expects it to continue to rise today with a trading range at US$2,300-2,340 per tonne.

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As on June 4, LME aluminium cash (bid) price stands at US$ 2324 per tonne, LME official settlement price stands at US$ 2324.50 per tonne; 3-months bid price stands at US$ 2319 per tonne, 3-months offer price is US$ 2321 per tonne; Dec 19 bid price stands at US$ 2285 per tonne, and Dec 19 offer price stands at US$ 2290 per tonne.

Currently, LME cash price is again settling higher than the 3 months LME aluminium. December 19 prices have seen a rise and crossed the cash price range after a long gap.

The LME aluminium opening stock slightly increased to 1199150 tonnes. Live Warrants totalled at 927750 tonnes, and Cancelled Warrants were 271400 tonne.

LME aluminium 3-months ABR price is hovering at US$ 2298per tonne.

SME and SHFE Aluminium Price Trend

The benchmark aluminium price on Shanghai Metal Exchange increased to US$ 2266 per tonne on June 5 from US$ 2267 per tonne on June 4.

As investors covered their longs, the SHFE 1807 contract was depressed to RMB 14,650 per tonne yesterday after it rose to a high of RMB 14,710 per tonne. Prices of aluminium will face pressure in the mid-term as orders across downstream processing plants declined month on month in June and alumina prices fell from highs in the overseas market. The SHFE 1807 contract fell overnight as support was limited and as shorts entered the market at highs. SMM expects the contract to trade at RMB 14,550-14,750 per tonne today with spot discounts at RMB 60-20 per tonne.

The US dollar index weakened overnight but rebounded above 94 after the US-North Korea summit was finalised.

Key factors to watch today include China Caixin services purchasing managers’ index (PMI) in May, Eurozone retail sales in April and US ISM nonmanufacturing PMI in May. The US dollar is likely to trade weakly and rangebound today while base metals are expected to continue their strong and rangebound pattern.

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