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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Aluminium billet inventories in China shrink by 6,300 tonnes W-o-W to 54,200 tonnes
On Thursday, November 10, the social inventory of aluminium billets in China decreased by 6,300 tonnes or 10.41 per cent W-o-W to 54,200 tonnes. Overall, transportation will improve, but supplies' stability might be compromised by the pandemic's resurgence. The inventory of aluminium billets is...
ASI enlists CSMET Group as its new Production and Transformation member
CSMET, a group company specialising in the R&D, production, marketing, and trading of low-carbon aluminium alloys, joined Aluminium Stewardship Initiative as the new Production and Transformation member. With sales income topping 5 billion yuan in 2020, the group produced and sold 350,000 tonnes of...
China’s aluminium production reflects a 7.8% rise Y-o-Y to 3.41 million tonnes in October’22
According to the Shanghai Metals Market, China’s aluminium production amounted to 3.41 million tonnes in October (31 calendar days), with daily output of 110,100 tonnes. The monthly output reflected a 7.8 per cent growth year-on-year, driven by domestic operating capacity rise in October and more...
A00 aluminium ingot price in China elevates to RMB 18,760/t; Low carbon aluminium price hikes by RMB200/t
On Friday, November 11, A00 aluminium ingot price in China has hiked by RMB 210 per tonne to settle 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 discount price of RMB 60 to RMB...
Kunshan Huapin Aluminum enters ASI as its new Industrial User member
Kunshan Huapin Aluminum Co., Ltd, a specialized manufacturer focused on the study, creation, manufacturing, and marketing of aluminium oxide materials has joined Aluminium Stewardship Initiative (ASI) as its new Industrial User member. Besides offering professional aluminium oxide, the company also...
China’s Oct. alumina output dips to 6.68 Mt M-o-M owing to production cut for higher operating costs
According to the Shanghai Metals Market, China produced 6.68 million tonnes of metallurgical-grade alumina in October 2022 (31 calendar days), with daily output of 215,400 tonnes. The monthly production stood 0.61 per cent down M-o-M but 10.3 per cent more over the year. At the end of October, the...
China’s A00 aluminium ingot price shrinks by RMB60/t; Alumina price in Guangxi loses RMB20/t
A00 aluminium ingot price has plunged by RMB 60 per tonne, closing at RMB 18,550 per tonne, as the Shanghai Metals Market recorded on Thursday, November 10. The average prices are expected to range between RMB 18,530 per tonne and RMB 18,570 per tonne, with spot contracts trading at a discount...
A00 aluminium ingot price in China grows by RMB140/t; Low carbon aluminium price gains RMB138/t
On Wednesday, November 9, A00 aluminium ingot price in China hiked by RMB 140 per tonne to settle at RMB 18,610 per tonne, with the average prices ranging between RMB 18,590 per tonne and RMB 18,630 per tonne. The spot contract price is expected to be traded at a discount price of RMB 20 to a...
China’s A00 aluminium ingot price levitates by RMB120/t; Australian Alumina FOB price gains US$4/t
A00 aluminium ingot price has augmented by RMB 120 per tonne, closing at RMB 18,470 per tonne, as the Shanghai Metals Market recorded on Friday, November 4. The average prices are expected to range between RMB 18,450 per tonne and RMB 18,490 per tonne, with spot contracts trading at the premium...
Primary aluminium inventories in China decline to a new low this year at 571,000 tonnes: SMM
Social inventories of primary aluminium in China have further lost 9,000 tonnes over the weekend ended November 7, 2022, across eight major consumption areas, including SHFE warrants, found the Shanghai Metals Market. Thus, the inventories froze at 571,000 tonnes as of November 7, down by 42,000...
A00 aluminium ingot price in China grows by RMB70/t to RMB18,350/t; Average alumina spot price slips by RMB2/t
On Monday, November 7, A00 aluminium ingot price in China opened the week with a growth of RMB 70 per tonne to close at RMB 18,350 per tonne, with the average prices ranging between RMB 18,330 per tonne and RMB 18,370 per tonne. The spot contract price is expected to be traded at a premium price of...
Downstream weekly recap: Mississippi lawmakers finalize tax incentives for the $2.5 billion aluminium mill project; Alcomet announces US$17.3 million net profit in the first nine months of 2022
This week the downstream sector of the aluminium industry witnessed the finalization of one of the biggest economic initiatives of Mississippi, where Gov. Tate Reeves and the Mississippi Legislature announced the finalization of tax incentives for the $2.5 billion aluminium mill project by Steel...
Primary aluminium inventories total the lowest this year at 580,000 tonnes: SMM
According to the Shanghai Metals Market, social inventories of primary aluminium continued to decline week-on-week by 41,000 tonnes, ended November 3, 2022. The stocks plunged across eight major consumption areas across China, including SHFE warrants, to total 580,000 tonnes, down by 33,000 tonnes...
SMM expects China’s aluminium plate/sheet and strip output will mark a 2% Y-o-Y growth at 2022-end
According to the Shanghai Metals Market, China’s aluminium plate/sheet and strip output is expected to amount to 12.9 million tonnes at the end of 2022, reflecting an increase of 2 per cent over the year. Aluminium foil output is estimated to clock at 4.75 million tonnes at year-end, up 3 per cent...
China’s A00 aluminium price ascends by RMB30/t; Alumina price in Shandong sheds RMB15/t
A00 aluminium ingot price has glided up by RMB 30 per tonne, closing at RMB 18,280 per tonne, as the Shanghai Metals Market recorded on Friday, November 4. The average prices are expected to range between RMB 18,260 per tonne and RMB 18,300 per tonne, with spot contracts trading at the premium...
Aluminium billet inventories in China ascends by 4,700 tonnes W-o-W to 60,500 tonnes
A billet is one of the most widely used aluminium product forms globally. Billets can be produced immediately by continuous casting, extrusion, or hot rolling an ingot or bloom. On Thursday, November 3, aluminium billet inventories in China increased by 4,700 tonnes W-o-W, closing at 60,500 tonnes....
A00 aluminium ingot price in China hikes by RMB270/t; Alumina price goes down by RMB4/t
On Thursday, November 3, A00 aluminium ingot price in China increased by RMB 270 per tonne to settle at RMB 18,250 per tonne, with the average prices standing between RMB 18,230 per tonne and RMB 18,270 per tonne. The spot contract price is expected to be traded at a premium price of RMB 0 to RMB...
China’s A00 aluminium ingot price slides down RMB60/t; Alumina price in Guangxi falls by RMB10/t
A00 aluminium ingot price has dipped by RMB 60 per tonne, halting at RMB 17,980 per tonne, as the Shanghai Metals Market recorded on Wednesday, November 2. The average prices are expected to range between RMB 17,960 per tonne and RMB 18,000 per tonne, with spot contracts trading at the discount...
