HPCL brings energy leaders, researchers and startups together at IISc Bengaluru to accelerate energy innovation through MC²+ IGNITE
The Hindustan Petroleum Corporation Ltd. today hosted the Bengaluru edition of MC²+ IGNITE – India’s flagship energy innovation accelerator at the Indian Institute of Science (IISc) Bengaluru, bringing together leaders from the energy industry, academia, research, startups and the investment...
ADC12 consolidates on a strong note as costs rise and orders see marginal improvement
Aluminium scrap: This week, China's aluminium scrap market price centre edged up alongside primary aluminium. As of September 10, SMM A00 aluminium prices closed at RMB 24,560 per tonne, up RMB 210 per tonne from RMB 24,350 per tonne last Thursday. Domestic aluminium scrap prices followed with...
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China’s primary aluminium inventories reduce growth rate this week to settle at 1.22 million tonnes
According to the Shanghai Metals Market data, China’s social inventories of primary aluminium have extended W-o-W growth but at a slower rate than the previous week. SMM data shows the inventories have amounted to 1.22 million tonnes across eight major consumption areas, including SHFE warrants,...
Chinese aluminium wire and cable operating rates drop 6 percentage points M-o-M for CNY holiday
Shanghai Metals Market survey found the average operating rate in the aluminium wire and cable sector dropped 5.9 percentage points month-on-month and 0.6 percentage point year-on-year to 34.4 per cent in January 2023. The average operating rate of large producers lost 9.2 percentage points M-o-M...
Alumina spot price in China stands W-o-W low by RMB4/t on February 16; A00 aluminium ingot price declines to RMB18430/t
According to the Shanghai Metals Market, the average alumina spot price in China has dipped for the second day in a row by RMB 3 per tonne to stand at RMB 2,946 per tonne on Thursday, February 16. On a week-on-week calculation, the price is down by RMB 4 per tonne from RMB 2,950 per tonne on...
A00 aluminium ingot price in China grows to RMB18,490/t; Alumina price falls by RMB2/t
China's A00 aluminium ingot price has grown by RMB 30 per tonne following yesterday's decline. However, in a W-o-W context, the price has marked a downfall of RMB 570 per tonne. The price as of today rested at RMB 18,490 per tonne, with the average prices likely to range between RMB 18,470 per...
ASI acknowledges ALG Aluminium's rolling and casting operation against Performance Standard Certification
ALG Aluminium Inc. (ALG), a modern state-owned joint stock company invested in and controlled by Guangxi Investment Group Co., Ltd., has reportedly received ASI Performance Standard Certification for manufacturing aluminium alloy products at a facility in Nanning, China. The news came on Monday,...
China’s A00 aluminium ingot price loses RMB100/t to RMB18,470/t; Aluminium powder price inches down by RMB0.1/kg
On Monday, February 13, China’s A00 aluminium ingot price opened the week with a fall of RMB 100 per tonne to halt at RMB 18,470 per tonne, with the average prices standing between RMB 18,450 per tonne and RMB 18,490 per tonne. The spot contract price is expected to be traded at a discount price of...
China’s metallurgical-grade alumina output drops 1% in January 2023 due to production halt at refineries
In January 2023 (31 calendar days), China’s metallurgical-grade alumina production stood at 6.37 million tonnes, registering a drop of 0.93 per cent month-on-month from 6.43 million tonnes, found the Shanghai Metals Market data. On a year-on-year calculation, the output in January recorded an...
China’s domestic A00 aluminium ingot price plummets by RMB310/t; Aluminium alloy (A356) price settles below RMB20000/t
According to the Shanghai Metals Market data, China’s domestic A00 aluminium ingot price has plummeted for the second day in a row by RMB 310 per tonne to come close to the RMB 18,500 per tonne level. As per the data shown, the price stands at RMB 18,570 per tonne as of Friday, February 10, with...
China’s domestic aluminium production sets a reserve tone at the beginning of 2023 on lower operating rate
According to the Shanghai Metals Market data, China’s domestic aluminium production in January 2023 (31 calendar days) recorded a marginal drop of 0.6 per cent month-on-month to 3.42 million tonnes. In December 2022 (31 calendar days), the domestic output had grown by 3 per cent M-o-M from 3.34...
China’s A00 aluminium ingot price drops by RMB180/t to RMB 18,880/t; Low carbon aluminium price slips to RMB19,472/t
Following growth a day before, the A00 aluminium ingot price has dropped by RMB 180 per tonne to settle at RMB 18,880 per tonne, with the spot contract price expected to be traded at a discount price of RMB 70 to RMB 30 per tonne. The average price is expected to range between RMB 18,860 per tonne...
China’s A00 aluminium ingot price winds RMB60/t up the graph to RMB19060/t; Low carbon aluminium also gains RMB60/t
A00 aluminium ingot price has seen RMB 60 per tonne rise, halting at RMB 19,060 per tonne, as the Shanghai Metals Market recorded on February 8. The average prices are expected to range between RMB 19,040 per tonne and RMB 19,080 per tonne, with spot contracts trading at discount prices of RMB 80...
China’s primary aluminium inventories swiftly increase to 1.14 million tonnes over this weekend
China’s social inventories of primary aluminium have built-up by 96,000 tonnes over the weekend ended February 6, 2023, across eight major Chinese consumption areas, including SHFE warrants, to stand at 1.14 million tonnes, found the Shanghai Metals Market data. On a week-on-week basis, the...
Aluminium billet inventories in China hike by 42,200 tonnes to 209,400 tonnes
On Thursday, February 2, China's aluminium billet inventories closed at 209,400 tonnes after recording a weekly surge of 42,200 or 25.3 per cent across five major consumption areas. In the first trading week following the CNY holiday in 2022 and 2021, the billet inventory had weekly gains of 25,000...
China’s A00 aluminium ingot price plummets by RMB130/t; Caustic Soda price in Shaanxi losses RMB275/t
A00 aluminium ingot price has slumped by RMB 130 per tonne, halting at RMB 18,750 per tonne, as the Shanghai Metals Market recorded on February 6. The average prices are expected to range between RMB 18,730 per tonne and RMB 18,770 per tonne, with spot contracts trading at discount prices of RMB 90...
ASI certifies Binzhou Hongzhan Aluminium Technology against Performance Standard for aluminium alloy rolled production
On February 1, Aluminium Stewardship Initiative certified Binzhou Hongzhan Aluminium Technology Co., Ltd., a subsidiary operation of China Hongqiao Group Co., Ltd., against its Performance Standard V2 (2017) for the research & development, and production and sales of aluminium alloy rolled...
Downstream weekly recap: AM feedstock novel aluminium wire sufficiently decreases heat treatment time; Jiangsu Dingsheng to supply 61,000 tonnes of aluminium foil to LG Energy Solution
The U.S. Environmental Protection Agency (EPA) and the Department of Justice (DOJ) announced a settlement with the Russellville-based aluminium rolling mill regarding alleged violations of the federal Lead Renovation, Repair, and Painting regulations (RRP) at the renovation projects carried out by...
US detains Chinese aluminium believed to be the result of forced labour
On January 31, 2023, the US Customs and Border Protection began issuing "detention notices" for such products, which the Danish shipping company, active in ocean and inland freight transportation and associated services, A.P. Møller – Mærsk A/S said on its website that the action would most likely...
End-user aluminium weekly recap: Amcor inaugurates new flexible packaging plant in Huizhou, China; POSCO Chemical agrees to supply NCMA cathodes to EV battery maker Samsung SDI for ten years
This week, the end-user aluminium sector has seen extensive advancements, with Trimet and Nexans joining hands to develop a recycled aluminium feedstock to create sustainable electrical wires. Amcor, a packaging firm hailing from Australia, has opened a new high-tech flexible packaging plant in...
