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...
Grow with
AL Circle
China’s aluminium foil exports from January to November record a 12% growth Y-o-Y
China exported 106,600 tonnes of aluminium foil in November, down by 7 per cent Y-o-Y and 6 per cent M-o-M. A total of 1.36 million tonnes of aluminium foil was exported from January to November, a growth of 12 from the same period last year. The top two purchasers were India (10,500 tonnes) and...
November 2022: Indonesia accounted as the largest alumina supplier to China; alumina export to Russia ranked highest
According to the data revealed by the General Administration of Customs of China, it has been reported that 196,000 tonnes of alumina were imported into China in November 2022, representing an increase of 24.2 per cent over the previous year and a reduction of 21.8 per cent over the previous month....
Primary aluminium social inventories in China build-up 9000 tonnes over the weekend
According to the Shanghai Metals Market, social inventories of primary aluminium grew across China’s eight major consumption areas, including SHFE warrants, to total 484,000 tonnes. Over the weekend ended Monday, December 26, primary aluminium inventories accumulated 9,000 tonnes. Compared to last...
China’s unwrought aluminium alloy imports grow 6% M-o-M in Nov’22, with Pakistan emerging as one of the top suppliers
According to China customs data, the country imported 105,900 tonnes of unwrought aluminium alloy in November 2022, which was 11.4 per cent less year-on-year but 6.1 per cent more month-on-month. Imports in the first 11 months of 2022 totalled 1.19 million tonnes, up by 15.6 per cent on a yearly...
SHFE price mounts to US$2,717/t; LME aluminium is closed for Christmas holiday
Today, on December 27, the SHFE benchmark aluminium price has hiked by US$51 per tonne or 1.91 per cent to reside at US$2,717 per tonne. The most-traded SHFE 2301 aluminium closed up 0.46 per cent or RMB 85 per tonne at RMB 18,715 per tonne, with open interest down 18,232 lots to 76,410 lots....
China’s A00 aluminium ingot price skyrockets by RMB300/t; Aluminium alloy (A365) price marks RMB300/t hike
A00 aluminium ingot price has surged by RMB 300 per tonne, resting at RMB 19,060 per tonne, as the Shanghai Metals Market recorded on Tuesday, December 27. The average prices are expected to range between RMB 19,040 per tonne and RMB 19,080 per tonne, with spot contracts trading at premium prices...
China’s A00 aluminium ingot price slumps by RMB40/t to RMB 18,760 /t; Low carbon aluminium price slips to RMB19,369/t
On Monday, December 26, A00 aluminium ingot price in China slipped by RMB 40 per tonne to stand at RMB 18,760 per tonne, with the average prices standing between RMB 18,740 per tonne and RMB 18,780 per tonne. The spot contract price is expected to be traded at a premium price of RMB 120 to RMB 160...
Downstream weekly recap: AddUp introduces the FormUp® 350 Evolution for printing parts up to 1 meter tall; Gränges breaks ground on Newport facility expansion
The Guangzhou Futures Exchange, China's newest commodities market, saw a decline of 1 per cent on Thursday from China, the world's largest producer of industrial silicon. To focus on "new energy" components like lithium and rare earths, the market was founded in that year. Gränges began...
China’s primary aluminium inventories further decline to a new low at 475,000 tonnes
According to the Shanghai Metals Market, social inventories of primary aluminium across China’s eight major consumption areas, including SHFE warrants, stood at 475,000 tonnes on December 22, registering a further decline of 7,000 tonnes week-on-week. That pulled down the inventories even below the...
Aluminium billet inventories in China slump to 57,600 tonnes W-o-W primarily due to Foshan
As of Thursday, December 22, SMM's social inventory of aluminium billets was 57,600 tonnes, a decrease of 3,800 tonnes from a week prior, primarily due to Foshan. According to SMM research, several aluminium billet factories in Inner Mongolia, Ningxia, and Gansu reduced or suspended production in...
China’s 11-month aluminium scrap imports scale up 59% despite a fall in Nov’22
According to the China customs data, the average operating rate of secondary aluminium enterprises fell sharply by 51.1 per cent in November’22, and so did the imports of aluminium scrap. As per the data, China’s aluminium scrap imports declined by 14.8 per cent year-on-year and 16.08 per cent...
OnePlus anticipates launching its first aluminium-framed keyboard in February
OnePlus, the Chinese consumer electronics manufacturer is anticipated to launch its first keyboard, along with the OnePlus 11 5G smartphone, in February 2023. Recent rumours indicate that the keyboard, which may be known as the "OnePlus Nord Keyboard," will have a sleek and contemporary design...
Price of Silicon, an alloying element of aluminium, sinks by 1% in its debut at the Guangzhou Futures Exchange
China, the world's biggest manufacturer of industrial silicon, recorded a drop of 1 per cent on Thursday in their debut at Guangzhou Futures Exchange, China's newest commodities market. The market was established year to concentrate on "new energy" elements like lithium and rare earths. Industry...
LME aluminium price moves up by US$5/t to US$2,362/t; SHFE price slips by US$19/t
LME aluminium opened at US$2,396 per tonne on Thursday, with its high and low at US$2,411 per tonne and US$2,380 per tonne, respectively, before closing at US$2,392 per tonne, down US$3.5 per tonne or 0.15 per cent. On Thursday, December 22, both LME aluminium cash bid price and LME aluminium...
China’s A00 aluminium ingot price reduces by RMB20/t; Alumina price in Shandong acquires RMB15/t
A00 aluminium ingot price has plunged by RMB 20 per tonne, resting at RMB 18,800 per tonne, as the Shanghai Metals Market recorded on Friday, December 23. The average prices are expected to range between RMB 18,780 per tonne and RMB 18,820 per tonne, with spot contracts trading at premium prices of...
Brazil to impose tariffs on Chinese aluminium sheet products imports
According to a report on Thursday, December 22, Brazil has decided to impose countervailing duties on China’s aluminium sheet products, effective from March 31, 2023. The news came after China’s Ministry of Commerce announced it officially. The Ministry has also reported the duties will range...
Xingfa Aluminium Holdings to acquire 4% stake in Guangdong Province Trading
On December 21, 2022, the leading aluminium extrusion profile manufacturer in China, Xingfa Aluminium Holdings during filing has stated that it would acquire a 4 per cent equity interest in a Chinese service provider, Guangdong Province Trading Development, from Guangdong Guangxin Holding Group for...
Alumina spot price in China hikes to RMB2,920/t; A00 aluminium ingot price grows by RMB40/t
On Thursday, December 22, the average alumina spot price has grown by RMB 7 per tonne to close at RMB 2,920 per tonne. On the same day, the prices in Shandong and Shanxi have gone up by RMB 10 per tonne to settle at RMB 2,895 per tonne and RMB 2,960 per tonne. As per the data, both Guizhou and...
