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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LME benchmark aluminium price gains US$3/t with balance returning to the economy; SHFE fetches US$26/t
LME aluminium opened at US$2,310.5 per tonne last Friday and closed at US$2,305 per tonne. On the bright side power supply at Sichuan province has increased leading to a recovery of balance in the economy with aluminium production rising up. LME aluminium cash bid price stopped at US$2,308 per...
China’s A00 aluminium ingot price mounts to RMB18,420/t; Low carbon aluminium price hikes by RMB300/t
A00 aluminium ingot price in China has hiked by RMB 310 per tonne to settle at RMB 18,420 per tonne. The average price for the same is expected to range between RMB 18,400 per tonne and RMB 18,440 per tonne, with spot contracts to be traded at a discount price of RMB 50 to RMB 10 per tonne. The A00...
Primary aluminium weekly recap: LME aluminium price hits 16-month low on weak demand; Alcoa curtails production at Norway's Lista aluminium smelter for soaring energy prices
This week, the primary aluminium industry has been in the news for multiple reasons. To begin with, China, the largest user of primary aluminium raw materials worldwide, expressed concern about the likelihood of a global recession and economic stagnation and warned of the prospect of reduced market...
Aluminium billet inventories in China slump by 500 tonnes W-o-W to 119,700 tonnes
On Thursday, September 1, China’s aluminium billet inventories descended by 500 tonnes or 0.41 per cent W-o-W to settle at 119,700 tonnes. All the other regions showed a decrease in inventory, except Foshan. Following the drop in aluminium prices, some small-scale restocking activities were noted....
China’s A00 aluminium ingot price plunges RMB240/t to close the week; Aluminium alloy A356 loses RMB250/t
A00 aluminium ingot price has plummeted by RMB 240 per tonne to close at RMB 18,110 per tonne, as the Shanghai Metals Market recorded on Friday, September 2. The average prices are expected to range between RMB 18,090 per tonne and RMB 18,130 per tonne, with spot contracts trading at discount...
Nanjing Chervon Auto Precision Technology joins ASI as new Industrial User member
Nanjing Chervon Auto Precision Technology Co., Ltd joined Aluminium Stewardship Initiative as its new Industrial User member. Chervon's primary business activities include developing, manufacturing, and selling essential automotive components. A product system focusing on vehicle heat exchange...
China’s primary aluminium inventories grow week-on-week to 683,000 tonnes on September 1
According to the Shanghai Metals Market, social inventories of primary aluminium across eight major Chinese consumption areas, including SHFE warrants, have gained 4,000 tonnes over the week ended Thursday, September 1, to reach 683,000 tonnes. From Monday, August 29, the inventories are up by...
A00 aluminium ingot price in China falls by RMB90/t; Domestic price of low carbon aluminium slips by RMB70/t
A00 aluminium ingot price in China has gone down by RMB 90 per tonne to settle at RMB 18,350 per tonne. The average price for the same is expected to range between RMB 18,330 per tonne and RMB 18,370 per tonne, with spot contracts to be traded at a discount price of RMB 60 to RMB 20 per tonne. On...
LME aluminium price nosedives over extended weekend by US$88.5/t; SHFE price declines to US$2,670/t
LME aluminium opened at US$2,475 per tonne on Tuesday and closed at US$2,384 per tonne, down $106 per tonne or 4.26 per cent. On Tuesday, August 30, both LME aluminium cash bid price and LME aluminium official settlement price plummeted by US$87 per tonne or 3.48 per cent and US$88.5 per tonne or...
China’s A00 aluminium ingot price slumps by RMB120/t to RMB18440/t; Average alumina price in China loses RMB3/t
A00 aluminium ingot price in China has plunged by RMB 120 per tonne on August 31, Tuesday. According to the Shanghai Metals Market, the price has accurately settled at RMB 18,440 per tonne, with average prices estimated to range between RMB 18,420 per tonne and RMB 18,460 per tonne and spot...
China’s prebaked anode export rebounds to 200,000 tonnes level in July'22 on improved demand
China customs data revealed last week that the country’s prebaked anode export volume rebounded to the 200,000 tonnes level in July 2022, attaining 206,500 tonnes. This is the second time this year that China’s prebaked anode export has exceeded 200,000 tonnes, driven by strong demand from overseas...
China's primary aluminium inventories attain 682,000 tonnes with a slight gain over the weekend
Social inventories of aluminium ingot across eight major Chinese consumption areas, including SHFE warrants, grew by 3,000 tonnes over the weekend to stand at 682,000 tonnes as of Monday, August 29, found the Shanghai Metals Market. But week-on-week, the inventories stood 1,000 tonnes lower than...
Soaring energy prices coupled with stagnant economy bear red flag for aluminium industry; China initiates production cut
The high possibility of global recession and economic stagnation has already alarmed countries like China, the world’s largest consumer of primary aluminium raw materials, flagging the risk of downsized markets. China, who has been battling with increased energy costs and heat wave, previously...
SHFE loses US$53/t closing at US$2694/t due to energy crisis in China; LME remains shut for bank holiday
On Monday, August 29, the benchmark aluminium price for SHFE slipped down the graph by US$53 per tonne or 1.93 per cent to stand at US$2,694 per tonne. The most-traded SHFE 2210 aluminium contract opened at RMB 18,675 per tonne last night and rose to RMB 18,755 per tonne before closing at RMB...
China’s A00 aluminium ingot price contracts by RMB400/t to RMB 18,5602/t; Low carbon aluminium price descends by RMB370/t
On Tuesday, August 30, China’s A00 aluminium ingot price dropped by RMB 400 per tonne to settle at RMB 18,560 per tonne. The average price for the same is expected to range between RMB 18,540 per tonne and RMB 18,580 per tonne, with spot contracts to be traded at a discount price of RMB 60 to RMB...
China’s aluminium extrusion exports improve 13% M-o-M in July 2022, with Guangdong remaining the highest exporter
According to China Customs data, the country exported 93,300 tonnes of aluminium extrusion (HS codes 76041010, 76041090, 76042100, 76042910, 76042990) in July 2022. That was 10,600 tonnes or 12.8 per cent more than the previous month and 14.3 per cent higher than a year ago. Guangdong continued as...
China’s A00 aluminium ingot price gains RMB100/t to begin the week; Australian alumina FOB price slides down by US$2/t
A00 aluminium ingot price has faced an RMB 100 per tonne expansion to close at RMB 18,960 per tonne, as recorded by the Shanghai Metals Market on Monday, August 29. The average prices are expected to range between RMB 18,940 per tonne and RMB 18,980 per tonne, with spot contracts trading at a...
World alumina production in July’22 edges 3.56% higher on month to 12.152 Mt, with a marginal increase in daily output
In July 2022, world alumina production totalled 12.152 million tonnes, registering a month-on-month rise of 3.56 per cent, found the International Aluminium Institute. The output in June stood at 11.734 million tonnes, down by 2.69 per cent from 12.058 million tonnes in May. On a year-on-year...
