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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Guizhou Power Grid imposes third round of power rationing on aluminium smelters to curb energy shortage
The Shanghai Metals Market reported on Thursday, January 5, that Guizhou Power Grid issued a new notice, stating the power load across the province continued to run at a high level due to the steep rise in heating demand for low temperatures. Therefore, the power shortage extended even after two...
LME aluminium benchmark price gains US$20/t to US$2,270/t; SHFE price drops by US$27/t
LME aluminium opened at US$2,257.5 per tonne on Thursday, with its high and low at US$2,267 per tonne and US$2,255.5 per tonne, respectively, before closing at US$2,256 per tonne, flat from the previous trading day. On Thursday, January 5, both LME aluminium cash bid price and LME aluminium...
Xingfa Aluminium Holdings acquires a 4% stake in Guangdong Province Trading
Xingfa Aluminium Holdings, one of the leading aluminium extrusion profile manufacturers in China, has finally purchased a 4 per cent stake in Chinese service provider Guangdong Province Trading Development, an importer and exporter of kitchen and bathroom fixtures and accessories. Earlier in...
A00 aluminium ingot price in China descends to RMB 17,730/t; Alumina price inches up by RMB 1/t
On Thursday, January 5, China’s A00 aluminium ingot price decreased by RMB 290 per tonne to settle at RMB 17,730 per tonne, with the average price ranging between RMB 17,710 per tonne and RMB 17,750 per tonne. The spot contract price is expected to be traded at a discount price of RMB 80 to RMB 40...
LME benchmark aluminium price glides down by 3.74% to US$2250/t; SHFE releases US$56/t
LME aluminium opened at US$2,272 per tonne on Wednesday, with its high and low at US$2,277 per tonne and US$2,265 per tonne respectively before closing at US$2,267 per tonne, a drop of US$6 per tonne or 0.22 per cent. On January 4, Wednesday, LME aluminium cash bid price went down by US$88 per...
China’s A00 aluminium ingot price plummets by RMB300/t to RMB18020/t; Low-carbon aluminium drops RMB380/t
A00 aluminium ingot price has nosedived by RMB 300 per tonne, resting at RMB 18,020 per tonne, as the Shanghai Metals Market recorded on Wednesday, January 4. The average prices are expected to range between RMB 18,000 per tonne and RMB 18,040 per tonne, with spot contracts trading at discount...
China’s primary aluminium inventories build up 68,000 tonnes over New Year’s holiday reaching above 500K tonnes
According to the Shanghai Metals Market, social inventories of primary aluminium built up 68,000 tonnes over the New Year’s holiday across eight major consumption areas, including SHFE warrants, to reach 561,000 tonnes as of Tuesday, January 3, 2023. On a week-on-week calculation, the inventories...
China’s A00 aluminium ingot price drops to RMB18,320/t; Low carbon aluminium price slumps by RMB380/t
On Tuesday, January 3, A00 aluminium ingot price in China has declined by RMB 360 per tonne to settle at RMB 18,320 per tonne, with the average prices expected to range between RMB 18,300 per tonne and RMB 18,340 per tonne. The spot contract price is expected to be traded at a discount price of RMB...
Rusal sees a demand surge for low-carbon aluminium in the Chinese market
According to our source in China, it has been reported on December 30, 2022, Rusal, a significant low-carbon aluminium producer, is trying to increase its low-carbon aluminium exports to China in light of the two countries cordial relations and the growing demand for the metal from Chinese electric...
Bauxite export ban in Indonesia sets Malaysia up for gains
The Southeast Asian nation, Malaysia, formerly ranked among the top ten global suppliers of bauxite to China, is poised to gain from Indonesia's most recent export embargo. Data from Indonesia's customs show that in 2021, China bought 17.8 million tonnes of bauxite from Indonesia, making up nearly...
China’s aluminium ingot inventories rose 18,000 tonnes W-o-W to 493,000 tonnes on December 29
According to the Shanghai Metals Market, China's primary aluminium inventories increased by 18,000 tonnes week-on-week across eight major consumption areas, including SHFE warrants. Therefore, on Thursday, December 29, the inventories totalled 493,000 tonnes, which in comparison with the month's...
Aluminium billet inventories in China hike by 5,100 tonnes W-o-W to 60,900 tonnes
As of Thursday, December 29, China’s aluminium billet inventories were 60,900 tonnes, recording a growth of 5,100 tonnes from the week before. The overall supply of billets remained plentiful. While the inventory in east China may increase considerably due to stocking demand and comparatively more...
World alumina production in November’22 edges a 3% drop M-o-M to 11.585 million tonnes: IAI
According to the International Aluminium Institute, the world alumina production in November 2022 amounted to 11.585 million tonnes, bringing the total output in eleven months of the year to 127.607 million tonnes. The monthly production in November edged a decline of 3.13 per cent from 11.959...
China’s A00 aluminium ingot price dips by RMB30/t to RMB18,680/t; Low carbon aluminium price falls to RMB18,252/t
On Friday, December 30, China's A00 aluminium ingot price climbed up by RMB 30 per tonne to halt at RMB 18,680 per tonne, with the average prices standing between RMB 18,660 per tonne and RMB 18,700 per tonne. The spot contract price is expected to be traded at a discount price of RMB 50 to RMB 10...
Russia plans to divert metal exports from Western countries to alternative markets
The Minister of Industry and Trade of the Russian Federation, Denis Manturov, stated that due to sanctions put in place by the EU and US, Russia would reroute its metal exports from Western nations to alternate markets. The minister identified China, Turkey, Southeast Asia, Russia-led Eurasian...
China’s A00 aluminium ingot price crash dives by RMB260/t; Low carbon aluminium price loses RMB265/t
A00 aluminium ingot price has plummeted by RMB 260 per tonne, resting at RMB 18,710 per tonne, as the Shanghai Metals Market recorded on Thursday, December 29. The average prices are expected to range between RMB 18,690 per tonne and RMB 18,730 per tonne, with spot contracts trading at a discount...
China’s prebaked anode export in Nov’22 records 134,500 tonnes valued at $157 million
China’s prebaked anode exports in November 2022 stood at 134,500 tonnes, reflecting a decline of 35.42 per cent month-on-month and 42.55 per cent year-on-year, found China customs data. The exports were valued at $157 million, with a unit price declining to $1,167.57 per tonne. China’s total...
A00 aluminium ingot price in China shrinks by RMB90/t to hover below RMB19000/t
According to the Shanghai Metals Market, A00 aluminium ingot price has slumped by RMB 90 per tonne to stand at RMB 18,970 per tonne on Tuesday, December 28. That followed a stupendous growth of RMB 300 per tonne on the previous day. The average prices today are expected to range between RMB 18,950...
