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 domestic operating rates of molten aluminium casting billet plants decline in August to 67.84%
After remaining stable through the first half of 2022, operating rates of China’s molten aluminium casting billet enterprises declined in July and August, attributing to the decline in orders from downstream aluminium extruders, recurrence of the COVID-19, and power rationing in some areas. SMM...
China’s metallurgical-grade alumina production drops 1.4% M-o-M in Aug’22, but output in Shandong and Henan reflects growth
China’s domestic metallurgical-grade alumina production in August 2022 (31 calendar days) edged 1.4 per cent lower month-on-month to total 6.844 million tonnes, found the Shanghai Metals Market. However, on a year-on-year calculation, the August output stood 11.16 per cent higher, with an average...
China’s A00 aluminium ingot price recedes by RMB80/t; Alumina price in Guangxi loses RMB15/t
A00 aluminium ingot price has plunged by RMB 80 per tonne to halt at RMB 18,630 per tonne, as the Shanghai Metals Market recorded on Wednesday, September 14. The average prices are expected to range between RMB 18,610 per tonne and RMB 18,650 per tonne, with spot contracts trading at discount...
Emirates Global Aluminium welcomes the Chinese Ambassador to Jebel Ali site
EGA, the largest industrial company in the United Arab Emirates, excluding the oil and gas sector, honoured the arrival of the Ambassador of the People's Republic of China, Zhang Yiming, to the company's Jebel Ali site in Dubai, UAE. The Managing Director of EGA, Abdulla Jassem Kalban, hosted the...
Constellium provides lightweight aluminium solutions for Mercedes-Benz C-Class
On September 13, Constellium SE declared it is providing aluminium Auto Body Sheet solutions for the Mercedes-Benz C-Class models manufactured in China, Europe or South Africa and exported globally for purchase. Constellium supplies aluminium required to mend the roof, tailgate, fenders and hood of...
Yunnan orders aluminium producers to reduce power usage in the coming weeks
Rising energy prices continue to affect China. As per the reports, Yunnan, a province in southwest China instructed aluminium producers to use less energy this week. Although local prices have not been significantly affected, Yunnan's move indicates that rising energy prices greatly influence the...
China’s primary aluminium inventories build-up 24,000 tonnes over the extended weekend: SMM
According to the Shanghai Metals Market, social inventories of primary aluminium across China’s eight major consumption areas, including SHFE warrants, accumulated 24,000 tonnes over the extended weekend ending Tuesday, September 13. Thus, as per the data, the inventories have totalled 696,000...
China’s A00 aluminium ingot price slumps by RMB90/t; Average alumina spot price slips by RMB4/t
On Tuesday, September 13, the A00 aluminium ingot price in China went down by RMB 90 per tonne to settle at RMB 18,710 per tonne, with the average prices ranging between RMB 18,690 per tonne and RMB 18,730 per tonne. The spot contract will likely be traded at a discount price of RMB 60 to RMB 20...
China’s primary aluminium ingot inventory plunges 11,000 tonnes W-o-W on September 8
According to the Shanghai Metals Market, primary aluminium inventories in China witnessed a decrease of 11,000 tonnes week-on-week across eight major consumption areas, including SHFE warrants. Therefore, on Thursday, September 8, the inventories totalled 672,000 tonnes, which in comparison with...
Aluminium billet inventories in China fall by 2,100 tonnes W-o-W across 4 major areas
On Thursday, September 8, China's aluminium billet inventories plunged by 2,100 tonnes W-o-W across four major consumption areas. All other regions showed a reduction in their inventories, except Foshan, which had a build-up. Due to rising aluminium prices, downstream purchasers stocked at reduced...
LME benchmark aluminium price soars up 1.14% to US$2256/t; SHFE collects US$59/t
LME aluminium opened at US$2,284 per tonne on Thursday and closed at US$2,277 per tonne. LME aluminium cash bid price and LME aluminium official settlement price both witnessed an US$25.50 per tonne or 1.14 per cent hike to rest at US$2,255.50 per tonne and US$2,256 per tonne on Thursday, September...
A00 aluminium ingot price in China hikes by RMB340/t; Australian alumina FOB price grows by US$14/t
A00 aluminium ingot price in China soared up by RMB 340 per tonne to settle at RMB18,800 per tonne. The average price for the same is likely to orbit between RMB 18,780 per tonne and RMB 18,820 per tonne, with spot contracts to be traded at a discount price of RMB 80 to RMB 40 per tonne. The...
China’s A00 aluminium ingot price slides up the graph by RMB60/t; High purity aluminium price obtains RMB100/t
A00 aluminium ingot price has heightened by RMB 60 per tonne to close at RMB 18,460 per tonne, as the Shanghai Metals Market recorded on Thursday, September 8. The average prices are expected to range between RMB 18,440 per tonne and RMB 18,480 per tonne, with spot contracts trading at discount...
Primary aluminium alloy facilities in China expect weaker demand in peak season due to economic downturn
SMM found that operating rates at primary aluminium alloy facilities in China in August were 42.64 per cent, a decline of 8.08 percentage points from the previous year but an increase of 1.3 points from the last month. Since August is typically the off-season for producing primary aluminium alloys,...
A00 aluminium ingot price in Shenyang grows by RMB25/t to RMB 18,405/t; Low carbon aluminium price moves up by RMB5/t
On Wednesday, September 7, the A00 aluminium ingot price in China reflected no change to settle at RMB 18,400 per tonne, with the average prices ranging between RMB 18,380 per tonne and RMB 18,420 per tonne and the spot contract price expected to be traded at a discount price of RMB 60 per tonne to...
China’s A00 aluminium ingot price loses RMB20/t; Caustic soda price in Shandong drops RMB15/t
A00 aluminium ingot price has dropped RMB 20 per tonne to close at RMB 18,400 per tonne, as the Shanghai Metals Market recorded on Tuesday, September 6. The average prices are expected to range between RMB 18,380 per tonne and RMB 18,400 per tonne, with spot contracts trading at discount prices of...
China’s primary aluminium inventories drop over the weekend to 681,000 tonnes: SMM
Social inventories of primary aluminium in China have dropped over the weekend ended Monday, September 5, across eight major consumption areas, including SHFE warrants, following rises last week. Shanghai Metals Market data shows inventories have totalled 681,000 tonnes, down by 2,000 tonnes over...
Yunnan, China emerges as a new victim of hydropower shortage; Aluminium production cut is in mind
After Sichuan, another southwestern Chinese province that emerges as being affected by hydropower shortages is Yunnan, triggering concerns over potential output reduction in the province. According to the latest survey by Shanghai Metals Market, many smelters in Yunnan have expressed concerns over...
