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 A00 aluminium price augments by RMB150/t; High purity aluminium prices see RMB200/t spike
A00 aluminium ingot price has seen an RMB 150 per tonne rise to close the week at RMB 17,990 per tonne, as recorded by the Shanghai Metals Market on Friday, July 22. The average prices are expected to range between RMB 17,970 per tonne and RMB 18,010 per tonne, with spot contracts trading at a...
Aluminum Association requests unwavering support to strengthen trade enforcement at the USITC hearing
The Aluminum Association provided testimony on Wednesday, July 20, regarding the financial effects of Section 232 and Section 301 tariff programmes before the U.S. International Trade Commission (USITC). The Aluminum Association's president and CEO, Charles Johnson, noted how China's widespread...
World primary aluminium production records a 3% Q-o-Q growth to 17.102 Mt in 2Q2022 despite a fall in June output
According to the recent data revealed by the International Aluminium Institute, world primary aluminium production in the second quarter of 2022 totalled 17.102 million tonnes, brought by the output of 5.651 million tonnes in June. IAI data also shows that the world's primary aluminium production...
China’s A00 aluminium ingot price slips by RMB40/t to RMB 17,840/t; Aluminium alloy (A356) price drops by RMB50/t
China’s A00 aluminium ingot price has dropped by RMB 40 per tonne to close at RMB 17,840 per tonne as of Thursday, July 21. The average price for the same is expected to range between RMB 17,820 per tonne and RMB 17,860 per tonne, with spot contract to be traded at a discount price of RMB 30 per...
Aluminum Association urges the Commerce Department to address avoidance of anti-dumping duty by Chinese exporters
In a recent filing with the Commerce Department, the Common Alloy Aluminum Sheet Trade Enforcement Working Group of the Aluminum Association and its individual members claimed that Chinese exporters and producers are allegedly evading unfair trade restrictions on common alloy aluminum sheet (CAAS)...
China’s A00 aluminium ingot price drops RMB20/t with uneven price change in provinces; Low carbon aluminium price falls by RMB12/t
A00 aluminium ingot price in China has plummeted by RMB 20 per tonne on July 20, Wednesday. According to the Shanghai Metals Market, the price has accurately settled at RMB 17,880 per tonne, with average prices estimated to range between RMB 17,860 per tonne and RMB 17,900 per tonne and spot...
Primary aluminium inventories in China further shrink over the weekend to 682,000 tonnes
According to the Shanghai Metals Market, primary aluminium inventories continued to decrease over the weekend ended July 18 by 15,000 tonnes across eight major consumption areas in China, including SHFE warrants. As per the data, inventories came in at 682,000 tonnes as of July 18, compared to...
China’s aluminium imports in June'22 tumble 36% Y-o-Y due to weaker demand from end-use sectors
China customs data showed a year-on-year downfall of 36.3 per cent in the country’s unwrought aluminium and aluminium products imports in June 2022, attributing to improved domestic output and weaker demand that continued to weigh on import appetite. But on a month-on-month calculation, the imports...
China’s A00 aluminium ingot price heightens RMB320/t to begin the week; High purity aluminium price rises by RMB300/t
A00 aluminium ingot price has seen a substantial spike of RMB 320 per tonne to begin the week at RMB 17,740 per tonne, as recorded by the Shanghai Metals Market on Monday, July 18. The average prices are expected to range between RMB 17,720 per tonne and RMB 17,760 per tonne, with spot contracts to...
China’s primary aluminium ingot inventory gradually declines W-o-W to 697,000 tonnes on July 14
According to the Shanghai Metals Market, primary aluminium inventories in China witnessed a steep downfall of 26,000 tonnes week-on-week across eight major consumption areas, including SHFE warrants. Therefore, on Thursday, July 14, the inventories totalled 697,000 tonnes, which in comparison with...
Aluminium billet inventories in China tumble down by 3,200 tonnes W-o-W to 98,500 tonnes
As of July 14, the domestic aluminium billet social inventory closed at 98,500 tonnes, down by 3,200 tonnes W-o-W. Overall, decreased aluminium prices improved downstream consumer confidence. The durability of destocking will need strict monitoring, however, given the consistent output of aluminium...
Gränges reported record net sales of SEK 6,875 million in 2Q2022 amidst a challenging environment
Gränges, a supplier of rolled aluminium products for heat exchanger applications, reported strong outcomes despite the challenging environment. The company reported 93 per cent sales volume in the second quarter of 2022 (2Q2022), despite the harsh COVID-19-related lockdowns in China. The net sales...
China’s A00 aluminium ingot price closes the week with a slip of RMB20/t; Aluminium alloy (ADC12) price drops by RMB100/t
A00 aluminium ingot price in China closes the week with a slip of RMB 20 per tonne to settle at RMB 17,420 per tonne, says the SMM data. The average price for the same is expected to range between RMB 17,400 per tonne and RMB 17,440 per tonne, with spot contract to be traded at a premium price of...
US Department of Commerce initiates nationwide anti-circumvention enquiry on aluminium foil imports from China
A nationwide anti-circumvention investigation concerning imports of aluminium foil from China that is produced or finished in Thailand and South Korea was self-initiated on Wednesday, July 13, by the U.S. Department of Commerce. According to unfair trade orders released by the Commerce Department...
China’s A00 aluminium ingot suffers an RMB160/t price decline; High purity aluminium price drops by RMB100/t
A00 aluminium ingot price in China has plummeted by RMB 160 per tonne on July 14, Thursday. According to the Shanghai Metals Market, the price has precisely settled at RMB 17,440 per tonne, with average prices estimated to range between RMB 17,420 per tonne and RMB 17,460 per tonne and spot...
LME aluminium benchmark price drops by US$59/t to US$2358/t; SHFE plummets by US$63/t
LME aluminium opened at US$2,372 per tonne on Tuesday and closed at US$2,360 per tonne, down US$17 per tonne or 0.72 per cent. LME aluminium cash bid price stood at US$2,357 per tonne, with a 2.44 per cent or US$59 per tonne slump, according to London Metal Exchange. LME aluminium official...
A00 aluminium ingot price in China slumps by RMB390/t to RMB17,600/t; Australian Alumina FOB price drops by US$12/t
On Wednesday, July 13, the A00 aluminium ingot price in China has declined by RMB 390 per tonne to halt at RMB 17,600 per tonne. As per the SMM data, the average price for the same is expected to range between RMB 17,580 per tonne and RMB 17,620 per tonne, with spot contract to be traded at a...
ASI welcomes Yinbang Clad Material Co. as its new production and transformation member
On July 11, Aluminium Stewardship Initiative (ASI) announced the joining of Yinbang Clad Material Co., Ltd, as its new production and transformation member. Founded in 1988, Yinbang Clad Material Co., Ltd is one of the largest producers of aluminium alloy clad plate, strip, and foil for brazing in...
