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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A00 aluminium ingot price in China expands by RMB160/t to RMB 18,640/t; Alumina price dips by RMB1/t
On Thursday, August 18, China's A00 aluminium ingot price has gone up by RMB 160 per tonne to settle at RMB 18,640 per tonne, as recorded by the Shanghai Metals Market (SMM). The average price for the same is expected to range between RMB 18,620 per tonne and RMB 18,660 per tonne, with spot...
China’s aluminium billets operating rate drops for the second month to 71.3%, driven by poor demand among extruders
The average operating rate of aluminium billet producers in China fell for the second consecutive month by 0.99 percentage point month-on-month, driven by the downfall in operations in east China, northwest China, and southwest China. According the Shanghai Metals Market data, China's domestic...
China’s A00 aluminium ingot price elevates by RMB350/t; Alumina price in Henan records RMB10/t rise
A00 aluminium ingot price has seen an RMB 350 per tonne augmentation to close at RMB 18,480 per tonne, as recorded by the Shanghai Metals Market on Wednesday, August 17. The average prices are expected to range between RMB 18,460 per tonne and RMB 18,500 per tonne, with spot contracts trading at a...
China’s primary aluminium inventories continue to grow over weekend standing at 698,000 tonnes
According to the Shanghai Metals Market, China’s social inventories of primary aluminium ingot across eight major consumption areas, including SHFE warrants, accumulated 5,000 tonnes over the weekend to stand at 698,000 tonnes as of Monday, August 15. But compared to the same period last year, the...
AlCircle launches new report "Future of Aluminium in Transportation Sector - An industry analysis with forecasts to 2027”
We all know that aluminium is a versatile metal. From construction to automobiles, the use of aluminium is widespread. Although aluminium has been used in the transportation industry for a long time, it has recently taken centre stage due to concerns about climate change, strict pollution control...
Chinese factories lowering operations to meet residential energy demands for heat wave
The Sichuan Province in China, also known as the lithium hub, will curtail the electricity supply to factories until August 20, as was reported by the state media. Extreme heat waves have been urging more people to use a lot of energy, gradually drying up the reservoirs. Usually, huge enterprises...
LME aluminium benchmark price drops for two days straight at US$2389.5/t; SHFE sees 3.2% decline like LME
LME aluminium opened at US$2,439.5 per tonne on Monday and closed at US$2,403.5 per tonne, down US$29.5 per tonne or 1.21 per cent. LME aluminium cash bid price stopped at US$2,389 per tonne, with a 3.2 per cent or US$79 per tonne degradation on Monday, August 15, while LME aluminium official...
China's A00 aluminium ingot price descends to RMB 18,130/t; Average alumina spot price in Shanxi went up by RMB5/t
A00 aluminium ingot price in China has declined by RMB 100 per tonne to settle at RMB 18,130 per tonne as of August 16. The average price for the same is likely to range between RMB 18,110 per tonne to RMB 18,150 per tonne, with spot contracts to be traded at a discount price of RMB 20 per tonne...
China’s primary aluminium output reaches new monthly high at 3.43 million tonnes in July 2022
According to the data released by the National Bureau of Statistics on Monday, August 15, China’s primary aluminium output rose 5.6 per cent year-on-year to reach a monthly high at 3.43 million tonnes in July 2022. The previous high was 3.42 million tonnes achieved in May. The new milestone could...
Chalco among five Chinese state-owned firms under scrutiny in US to delist from NYSE
New York Stock Exchange-listed Chinese state-owned companies whose audits are being scrutinized by the US securities regulator are delisting voluntarily. The Aluminum Corporation of China (Chalco), the oil giant Sinopec, China Life Insurance, PetroChina, and Sinopec Shanghai Petrochemical Co have...
Downstream aluminium weekly recap: G.A.Röders GmbH prepares for temporary closure owing to European gas crisis; Hero introduces indigenous high-end bicycle parts producing unit in e-cycle valley
Downstream products merge to form various end-user utility items or structures, maintaining a steady rush in the sector. The prevailing crisis between Beijing and Canberra has forced Capral Australia to pose a direct inquest for a new anti-dumping policy against Chinese aluminium extrusions as they...
A00 aluminium ingot price slumps by RMB120/t to RMB 18,670/t; Average alumina spot price shrinks by RMB5/t
On Friday, August 12, A00 aluminium ingot price in China slipped by RMB 100 per tonne to close at RMB 18,670 per tonne. The average price for the same is expected to range between RMB 18,650 per tonne and RMB 18,690 per tonne, with spot contracts to be traded at a discount price of RMB 370 per...
ASI renews Hydro Extrusions’ Performance Standard certification through May 2025
According to a report on August 10, the Aluminium Stewardship Initiative has renewed the Performance Standard Certification for Hydro Extrusions through May 2025. It covers 47 sites, of which two-thirds are certified against the ASI Chain of Custody certification. ASI Performance Standard...
Capral requests for a new antidumping probe against Chinese aluminium extrusions
As the "long game" between Beijing and Canberra continues, Australia has opened a new anti-dumping probe against Chinese aluminium extrusions used in many applications, including construction. According to Australia's Anti-Dumping Commission, aluminium manufacturer Capral submitted a request to...
China’s primary aluminium inventories accumulate 9,000 tonnes on August 8 as shipments from warehouses decline
On Monday, August 8, China’s social inventories of primary aluminium recorded a W-o-W hike yet again for three weeks in a row since July 25, 2022. According to the Shanghai Metals Market, inventories across eight major consumption areas, including SHFE warrants, totalled 687,000 tonnes witnessing...
China’s July alumina output grows 3% M-o-M to 6.94 Mt but daily production dips by 800 tonnes
In July 2022 (31 calendar days), China produced 6.94 million tonnes of metallurgical-grade alumina, which increased by 2.97 per cent month-on-month and 14.11 per cent over a year. But the daily average output in the same month stood slightly down by 0.36 per cent or 800 tonnes from 224,700 tonnes...
China’s A00 aluminium ingot price expands by RMB310/t; Average alumina spot price shrinks by RMB2/t
On Wednesday, August 10, China’s A00 aluminium ingot price surged by RMB 310 per tonne to rest at RMB 18,790 per tonne. The average price for the same is expected to range between RMB 18,770 per tonne and RMB 18,810 per tonne, with spot contracts to be traded at a discount price of RMB 140 to RMB...
China’s aluminium output grows 7% Y-o-Y to 3.5 Mt in July’22, thanks to new capacity release
According to the Shanghai Metals Market, China’s aluminium production stood at 3.5 million tonnes in July (31 calendar days), reflecting a year-on-year increase of 6.74 per cent. That brought the total volume of output in the first seven months of the year to 23.059 million tonnes, up by 1.4 per...
