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 ingot inventory suffers a loss of 1,000 tonnes W-o-W on August 25
According to the Shanghai Metals Market, primary aluminium inventories in China witnessed a decrease of 1,000 tonnes week-on-week across eight major consumption areas, including SHFE warrants. Therefore, on Thursday, August 25, the inventories totalled 679,000 tonnes, which in comparison with the...
Aluminium billet inventories in China elevate by 3,900 tonnes W-o-W to 120,200 tonnes
On Thursday, August 25, China’s aluminium billet inventories increased by 3,900 tonnes W-o-W across four major consumption areas to settle at 120,200 tonnes. Except in Foshan, where the inventory dropped after the period of centralised shipments ended. Overall, the power restriction in Sichuan...
China’s A00 aluminium ingot price closes the week at RMB18,860/t with a drop; Average alumina spot price inches down by RMB1/t
On Friday, August 26, China's A00 aluminium ingot price went up by RMB 10 per tonne to rest at RMB 18,860 per tonne. The average prices are likely to range between RMB 18,840 per tonne and RMB 18,880 per tonne, with spot contracts to be traded at a discount price of RMB 40 per tonne. As per the SMM...
LME aluminium benchmark price loses US$16.5/t to US$2422/t; SHFE price mounts to US$2,759/t
LME aluminium opened at US$2,405 per tonne on Wednesday and closed at US$2,426.5 per tonne, down US$1.5 per tonne or 0.06 per cent. On Wednesday, August 24, both LME aluminium cash bid price and LME aluminium official settlement price dropped by US$16.5 per tonne or 0.67 per cent to rest at...
China’s A00 aluminium ingot price receives RMB50/t boost; Bauxite price in Shanxi drops RMB10/t
A00 aluminium ingot price has seen an RMB 50 per tonne rise to close at RMB 18,870 per tonne, as recorded by the Shanghai Metals Market on Thursday, August 25. The average prices are expected to range between RMB 18,850 per tonne and RMB 18,890 per tonne, with spot contracts trading at a discount...
ASI grants Chain of Custody Standard certification to Yunnan YunLv Yongxin Aluminium Co., Ltd.
On Tuesday, August 23, Aluminium Stewardship Initiative (ASI) announced that Yunnan YunLv Yongxin Aluminium Co., Ltd. based in the Yangjie Industrial Park, Yunnan Province, China, received the ASI Chain of Custody Standard V1 (2017) Certification. In September 2021, the facility was granted the...
Muda Architects studs Chengdu’s Tianfu Museum of Chinese Medicine with aluminium façade resembling yin-yang
Muda Architects, a design studio from China, has unveiled their museum layout showcasing the Chinese medical history to be built in Chengdu, designed to resemble the shape of the scared yin-yang symbol. This 13,000 sq. m. establishment near the Huitong Lake in Pengzhou would be known as the Tianfu...
A00 aluminium ingot price in China grows by RMB250/t to RMB 18,820/t; Low carbon aluminium price gains RMB289/t
On Wednesday, August 24, China’s A00 aluminium ingot price has hiked by RMB 250 per tonne to settle at RMB 18,820 per tonne. The average price for the same is expected to range between RMB 18,800 per tonne and RMB 18,840 per tonne, with spot contracts to be traded at a discount price of RMB 40 per...
World primary aluminium production in July’22 gains 2.06% on year in spite of global energy crunch
According to the International Aluminium Institute data, world primary aluminium production in July 2022 rose by 176,000 tonnes or 3.10 per cent month-on-month. From 5.672 million tonnes in June 2022, the world output escalated to 5.848 million tonnes in July. The average daily output in June 2022...
Unwrought aluminium alloy ranks as the most exported commodity from Bahrain in July '22
Information & eGovernment Authority reported that in July 2022, Bahrain's exports of goods and services of domestic production surged by 29 per cent to BD421 million ($1.17 billion) from BD327 million recorded same month a year ago. Unwrought aluminium alloy, worth BD162 million, was the most...
China’s A00 aluminium price sheds RMB10/t showing no massive change in provinces; Low carbon aluminium loses RMB10/t
A00 aluminium ingot price in China has dropped by RMB 10 per tonne on August 23, Tuesday. According to the Shanghai Metals Market, the price has accurately settled at RMB 18,570 per tonne, with average prices estimated to range between RMB 18,550 per tonne and RMB 18,590 per tonne and spot...
Primary aluminium inventory collects 3,000 tonnes this weekend, led by stock arrivals in Wuxi & Hangzhou
Social inventories of primary aluminium in China have witnessed a slight rise of 3,000 tonnes over the weekend across eight major consumption areas, including SHFE warrants. Shanghai Metals Market data shows the inventories have totalled 683,000 tonnes as of August 22, compared to 680,000 tonnes on...
LME aluminium benchmark price stoops by 1.49% to US$2376/t; SHFE marks US$19/t growth
LME aluminium opened at US$2,404 per tonne last Friday, with its high and low at US$2,411 per tonne and US$2,375 per tonne respectively before closing at US$2,393.5 per tonne, a drop of US$11.5 per tonne or 0.48 per cent. LME aluminium cash bid price stopped at US$2,375.50 per tonne, with a 1.43...
Primary aluminium weekly recap: Sichuan power crisis reduces aluminium capacity by 395,000 tonnes; Fourth integrated aluminium industry may emerge in India
The global primary aluminium segment witnessed some important events this week. To begin with, by the end of September 2022, Slovalco Aluminium will shut down its primary aluminium manufacturing line. The Adani Group, backed by Indian billionaire Gautam Adani, revealed a $5 billion investment plan...
Sichuan power crisis sparks widespread blackout; Aluminium capacity falls by 395,000 tonnes
Sichuan province in China is facing severe power shortages brought on by the ongoing heat waves. As a result, 19 cities in Sichuan province (except Panzhihua and Liangshan) had their power cuts from August 15 and are expected to continue till August 20 to ensure that residents have a sufficient...
Record domestic aluminium production in China led to a fall in July imports
In July 2022, China’s unwrought aluminium and aluminium products imports, including alloys, plunged by 38.3 per cent year-on-year to stand at 192,581 tonnes, showed the General Administration of Customs on Thursday, August 18. This shrink in imports could be attributed to the domestic production...
China’s A00 aluminium price closes week at RMB18420/t with a plunge; Low carbon aluminium loses RMB250/t
A00 aluminium ingot price in China has plummeted by RMB 220 per tonne on August 19, Friday. According to the Shanghai Metals Market, the price has precisely settled at RMB 18,420 per tonne, with average prices estimated to range between RMB 18,400 per tonne and RMB 18,440 per tonne and spot...
China’s aluminium billet inventories plummet by 5,200 tonnes W-o-W to 116,300 tonnes
On Thursday, August 18, the aluminium billet inventories in China dropped by 5,200 tonnes W-o-W to settle at 116,300 tonnes, from 121,500 tonnes recorded last week. The inventory has increased in three major consumption areas and has decreased in two regions. The billets inventory stopped rising...
