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 tumble through the weekend to a new low at 530,000 tonnes
According to the Shanghai Metals Market, China’s social inventories of primary aluminium continued to slump through the weekend ended Monday, November 21, by 17,000 tonnes amounting to 530,000 tonnes. On a week-on-week calculation, the inventories edged 23,000 tonnes lower than 553,000 tonnes. With...
China’s A00 aluminium ingot price goes up RMB20/t; Caustic soda price in Guangxi plunges RMB200/t
A00 aluminium ingot price has heightened by RMB 20 per tonne, closing at RMB 19,020 per tonne, as the Shanghai Metals Market recorded on Tuesday, November 22. The average prices are expected to range between RMB 19,000 per tonne and RMB 19,040 per tonne, with spot contracts trading at premium...
China’s aluminium imports decline 34% Y-o-Y on weaker domestic demand for strict COVID curbs
In October 2022, China’s aluminium imports, including primary metal and unwrought, alloyed metal, fell 33.9 per cent year-on-year, amounting to 196,460 tonnes, found the General Administration of Customs. That could be attributed to persistently weak demand and increased domestic supply due to the...
China’s A00 aluminium ingot price slumps to RMB19000/t level; Alumina price in Guangxi suffers a loss of RMB10/t
A00 aluminium ingot price in China started the week on Monday, November 21, with a slump of RMB 250 per tonne to the level of RMB 19,000 per tonne, found the Shanghai Metals Market. The average prices are expected to range between RMB 18,980 per tonne and RMB 19,020 per tonne, with a spot contract...
China’s aluminium ingot inventory dives down 29,000 tonnes W-o-W notably lower than the same time last year
According to the Shanghai Metals Market, primary aluminium inventories in China witnessed a slump of 29,000 tonnes week-on-week across eight major consumption areas, including SHFE warrants. Therefore, on Thursday, November 17, the inventories totalled 547,000 tonnes, which in comparison with the...
China’s A00 aluminium ingot price glides up by RMB260/t; Low carbon aluminium acquires RMB200/t
A00 aluminium ingot price has shot up by RMB 260 per tonne, closing at RMB 19,250 per tonne, as the Shanghai Metals Market recorded on Friday, November 18. The average prices are expected to range between RMB 19,230 per tonne and RMB 19,2 70 per tonne, with spot contracts trading at a discount...
China’s aluminium billet inventories gain 6400 tonnes this week on cargo arrivals
According to the Shanghai Metals Market, aluminium billet inventories in China have accumulated 6,400 tonnes over the week ending November 17, 2022, amounting to 60,600 tonnes. Last Thursday, November 10, inventories fell by almost the same amount (6,300 tonnes) to stand at 54,200 tonnes. Increase...
A00 aluminium ingot price in China hikes by RMB140/t to RMB 18,990/t; Low carbon aluminium price gains RMB93/t
On Thursday, November 17, the A00 aluminium ingot price hiked by RMB 140 per tonne to settle at RMB 18,990 per tonne, with the average prices ranging between RMB 18,970 per tonne and RMB 19,010 per tonne. The spot contract price is expected to be traded at a premium price of RMB 30 per tonne and 70...
Chinese alloy producer Jiangsu Goka Light Alloy Co., Ltd. joins ASI as a Production and Transformation member
Aluminium Stewardship Initiative has reportedly announced the joining of Jiangsu Goka Light Alloy Co., Ltd. as a new Production and Transformation member. Established in 2020, Jiangsu Goka Light Alloy Co., Ltd. is located in Yancheng City, Jiangsu Province, over 44000 square metres. Equipped with...
LME benchmark aluminium price shrinks by US$17/t; SHFE aluminium price trickles down US$16/t
LME aluminium opened at US$2,440 per tonne on Wednesday, with its high and low at US$2,459 per tonne and US$2,385 per tonne, respectively, before closing at US$2,403 per tonne, a drop of US$49.5 per tonne or 2.02 per cent. On November 16, Wednesday LME aluminium cash bid price and LME aluminium...
Alumina price in Lianyungang slants down by RMB35/t; China’s A00 aluminium price marks RMB70/t spike
The average alumina price in China has lost RMB 11 per tonne, closing at RMB 2,765 per tonne, followed by RMB 35 per tonne slump in alumina prices around Lianyungang, where the price closed at RMB 2,875 per tonne. The price of alumina in Bayuquan dropped by RMB 25 per tonne, resting at RMB 2,900...
China’s primary aluminium production grows 9.5% in October; strong output amid weak domestic demand weighs on prices
The National Bureau of Statistics revealed China’s primary aluminium production in October 2022 increased by 9.5 per cent year-on-year, bolstered by the ease of power consumption curb than the previous year and growing exports. NBS data showed the country produced 3.45 million tonnes of the metal,...
China’s primary aluminium inventories stand 23,000 tonnes lower over the weekend, shows SMM
According to the Shanghai Metals Market, social inventories of primary aluminium across China’s eight major consumption areas, including SHFE warrants, totalled 553,000 tonnes, losing further 23,000 tonnes over the weekend ended November 14. On a week-on-week basis, primary aluminium inventories...
LME benchmark aluminium price descends to US$2392/t with US$18/t loss; SHFE gains US$3/t
LME aluminium opened at US$2,464 per tonne on Monday, with its high and low at US$2,478 per tonne and US$2,408 per tonne, respectively, before closing at US$2,436 per tonne, an increase of US$27.5 per tonne or 1.12 per cent. On November 14, Monday LME aluminium cash bid price slumps by US$16.50 per...
A00 aluminium ingot price in Tianjin mounts to RMB18,860/t; Low carbon aluminium price inches down by RMB1/t
On Tuesday, November 15, A00 aluminium ingot price in China has shown no change to settle at RMB 18,780 per tonne. The prices in Tianjin and Gongyi have grown by RMB 100 per tonne and RMB 30 per tonne to stand at RMB 18,860 per tonne and RMB 18,680 per tonne. On the other hand, in other regions...
Why buy AlCircle’s report: “Future of the Global Aluminium Castings Industry - Market analysis and industry forecast to 2027”?
AlCircle recently published a report on “ Future of the Global Aluminium Castings Industry - Market analysis and industry forecast to 2027 ” to explore the prodigious market of aluminium castings, thanks to its ability to absorb large volumes of recycled aluminium produced from post-consumer scrap....
Indian miners requesting government to increase import duties on aluminium items from China
India's largest mining sector organisations are asking for increased import levies on metals like aluminium, zinc and copper to help stem the flood of less expensive imports, particularly from China. The Federation of Indian Mineral Industries (FIMI) stated in a memorandum to the Ministry of...
China’s A00 aluminium ingot inventories drop 4,000 tonnes W-o-W to 576,000 tonnes
According to the Shanghai Metals Market, primary aluminium inventories in China witnessed a decrease of 4,000 tonnes week-on-week across eight major consumption areas, including SHFE warrants. Therefore, on Thursday, November 10, the inventories totalled 576,000 tonnes, which in comparison with the...
