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
Lower cargo arrivals continue to cause primary aluminium inventories downfall across China
Social inventories of primary aluminium across China’s eight major consumption areas, including SHFE warrants, stood at 613,000 tonnes, after being slipped by 8,000 tonnes or 1.29 per cent over the weekend from 621,000 tonnes, found the Shanghai Metals Market data. On a week-on-week calculation,...
Disruptions in power supply won't stop China Hongqiao Group from shifting 2 Mt to Yunnan
On November 1, 2022, China Hongqiao Group said it would move 2 million tonnes of its capacity to the country’s southwest by the end of next year, as was decided earlier, despite the recent electricity supply disruptions there. The news came after Ron Knapp, adviser to the office of the chairman,...
A00 aluminium ingot price in China hikes by RMB180/t to RMB 18,040/t; Low carbon aluminium price surges to RMB 18,863/t
On Tuesday, November 1, A00 aluminium ingot price in China ascended by RMB 180 per tonne to settle at RMB 18,040 per tonne, with the average prices standing between RMB 18,020 per tonne and RMB 18,060 per tonne. The spot contract price is likely to be traded at a discount price of RMB 30 per tonne...
China’s aluminium extrusion exports in nine months of 2022 grow 2.6% YoY due to low SHFE/LME price ratio
According to the Shanghai Metals Market, China’s aluminium extrusion imports from January to September 2022 stood at 26,000 tonnes, reflecting an increase of 12.4 per cent year-on-year. The trend suggests that the total import volume through 2022 will record growth after six consecutive years of...
World alumina production grows 1.22% Q-o-Q to 35.677 Mt in 3Q2022 despite drops in August & September
In the third quarter of 2022 ended September 30, world alumina production edged an increase of 1.22 per cent Q-o-Q to stand at 35.677 million tonnes, found the International Aluminium Institute. In the second quarter, the output was at 35.246 million tonnes, reflecting a rise of 6.18 per cent from...
China’s A00 aluminium ingot price nosedives to RMB17860/t; Bauxite price in Guizhou gains RMB15/t
A00 aluminium ingot price has plummeted by RMB 440 per tonne to close at RMB 17,860 per tonne, as the Shanghai Metals Market recorded on Monday, October 31. The average prices are expected to range between RMB 18,840 per tonne and RMB 17,880 per tonne, with spot contracts trading at the discount...
Asian aluminium extrusion giant China Zhongwang Holdings declared bankrupt
The second-largest industrial aluminium extrusion product developer and manufacturer in the world and the largest in Asia, China Zhongwang Holdings Limited prospered in the 2000s along China’s resonating property sector, which created robust demand for its products in construction. In the wake of...
Recycled aluminium recap: Covid resurgence impacts on secondary aluminium shipments of Henan province; Bolt recycles its retired scooters to create aluminium jewellery collection
Recycling is proven to be more of a need than a cause for concern in the socioeconomic climate of today when the world is buzzing with issues like a growing global population, rising carbon emissions, rising energy expenses, and a scarcity of feedstock. The Henan province's secondary...
China’s A00 aluminium ingot inventories fall 15,000 tonnes W-o-W due to logistic issues
According to the Shanghai Metals Market, primary aluminium inventories in China witnessed a decrease of 15,000 tonnes week-on-week across eight major consumption areas, including SHFE warrants. Therefore, on Thursday, October 27, the inventories totalled 621,000 tonnes, which in comparison with the...
Aluminium billet inventories in China plunge by 16,100 tonnes W-o-W across five major areas
As of October 27, the domestic aluminium billet social inventory settled at 55,800 tonnes, down by 16,100 tonnes from the previous week. Since the National Day break ended, the inventory witnessed a downfall and was also at its lowest point in recent years. The figure below provides further...
LME benchmark aluminium price slides up by US$31.54/t to US$2297/t; SHFE faces US$35/t slump
LME aluminium opened at US$2,333.5 per tonne on Thursday; with its high and low at US$2,341.5 per tonne and US$2,275 per tonne, respectively, before closing at US$2,291 per tonne, a drop of US$39 per tonne or 1.67 per cent. On October 27, Thursday LME aluminium cash bid price augmented by US$31.50...
A00 aluminium ingot price in China slumps by RMB280/t; Low carbon aluminium price declines by RMB275/t
On Friday, October 28, A00 aluminium ingot price in China slumped by RMB 280 per tonne to reside at RMB 18,300 per tonne, with the average prices standing between RMB 18,280 per tonne and RMB 18,320 per tonne. The spot contract price is likely to be traded at a discount price of RMB 50 to RMB 10...
Aluminium billet inventories in China declines to 71,900 tonnes W-o-W
On Thursday, October 20, aluminium billet inventories in China witnessed a downfall for two consecutive weeks. As per the data, the inventories plunged by 25,700 tonnes or 26.33 per cent to close at 71,900 tonnes. All five of the major regions witnessed a decline. Due to smelters in Yunnan reducing...
Primary aluminium inventories in China fall 10,000 tonnes over weekend to total 626,000 tonnes
Social inventories of primary aluminium in China amounted to 626,000 tonnes across eight major consumption areas, including SHFE warrants, on Monday, October 24, according to the Shanghai Metals Market. SMM found the inventories decreased by 10,000 tonnes over the weekend but edged 6,000 tonnes...
Covid resurgence impacts on secondary aluminium shipments of Henan province
The resurgence of the Covid pandemic across China has significantly impacted secondary aluminium-producing companies in the Henan province. According to an SMM survey, the pandemic generally affected the production and shipment of secondary aluminium facilities in the local area. A company in...
China’s A00 aluminium ingot price loses RMB100/t; Alumina price in Guizhou sinks by RMB15/t
A00 aluminium ingot price has downsized by RMB 100 per tonne to close at RMB 18,550 per tonne, as the Shanghai Metals Market recorded on Tuesday, October 25. The average prices are expected to range between RMB 18,530 per tonne and RMB 18,570 per tonne, with spot contracts trading at the discount...
China’s primary aluminium output in Sept. 2022 grows 9% YoY but falls 2.5% MoM due to fresh power restrictions in Yunnan
According to the National Bureau of Statistics, China’s primary aluminium production rose 9.3 per cent year-on-year in September 2022 to stand at 3.42 million tonnes, as smelters in a few major regions ramped up output after the ease of power restrictions. Last year, China saw a drop in aluminium...
World primary aluminium production continues to grow quarterly by 2.4% to 17.481 million tonnes in 3Q2022: IAI
According to the International Aluminium Institute’s latest data, world primary aluminium production in the third quarter of 2022 ended September 30 closed at 17.481 million tonnes, recording a quarter-on-quarter increase of 2.36 per cent. In Q2 ended June 30, global output stood at 17.078 million...
