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 ingot price loses RMB190/t today; Alumina spot price inches up by RMB1/t
A00 aluminium ingot price in China has witnessed a plunge of RMB 190 per tonne on July 12, Tuesday. According to the Shanghai Metals Market, the price has precisely settled at RMB 17,990 per tonne, with average prices estimated to range between RMB 17,970 per tonne and RMB 18,010 per tonne and spot...
LME opens the week with a growth of US$17.5/t to US$2,417/t; SHFE slumps by US$50/t
LME aluminium opened at US$2,436.5 per tonne on Monday and closed at US$2,377 per tonne, down US$66.5 per tonne or 2.72 per cent. On Monday, July 11, both LME aluminium cash bid price and LME aluminium official settlement price opened the week with a growth of US$17 per tonne or 0.70 per cent and...
China’s A00 aluminium ingot price opens the week with a decline of RMB280/t; Average alumina spot price moves up by RMB4/t
On Monday, July 11, A00 aluminium ingot price in China opened the week with a dropdown of RMB 280 per tonne to settle at RMB 18,180 per tonne. The average price for the same is expected to range between RMB 18,160 per tonne and RMB 18,200 per tonne, with spot contract to be traded at a discount...
European Commission to resume anti-dumping duties on Chinese aluminium FRPs after 9-month suspension
The European Commission on Friday, July 8, announced that it will not extend the nine-month suspension of the stiff anti-dumping tariffs on Chinese flat-rolled aluminium exports. European Aluminium, the organization that represents the European aluminium value chain, applauds the decision and urges...
China’s aluminium processing enterprises witness a fall in operating rate by 0.2 percentage point despite stable wire & cable production
According to the Shanghai Metals Market, the average operating rate at China’s major aluminium processing enterprises has slipped by 0.2 percentage point this week ending on July 8, to stand at 66.5 per cent. Aluminium wire and cable was the only sector that recorded a growth in operating rate as...
China’s A00 aluminium ingot price turns upward ending the week at RMB18460/t; Caustic soda price loses RMB20/t in Henan
A00 aluminium ingot price in China has escalated by RMB 230 per tonne to close the week, ending July 8, at RMB 18,460 per tonne, found the Shanghai Metals Market. The average prices are estimated to range between RMB 18,440 per tonne and RMB 18,480 per tonne, with spot contracts trading at a...
Aluminium billet inventories in China shrink by 4,700 tonnes W-o-W to 101,700 tonnes
On Thursday, July 7, aluminium billet inventories in China declined by 4,700 tonnes W-o-W across four major consumption areas. The fall in aluminium prices and the increase in COVID-19 infections made downstream buyers more willing to spend on aluminium. However, downstream orders suggest that...
Primary aluminium inventories decline 11,000 tonnes W-o-W as downstream purchase grows on price fall
According to the Shanghai Metals Market, social inventories of primary aluminium have decreased by 11,000 tonnes week-on-week across China's eight major consumption areas, following a restraint over the weekend on Monday, July 4. As per the SMM data, inventories as of July 7 have come in at 723,000...
LME aluminium benchmark price shrinks by US$16/t closing at US$2358/t; SHFE suffers a loss of US$6/t
LME aluminium opened at US$2,375 per tonne on Wednesday and rose to US$2,423 per tonne before closing at US$2,400 per tonne, an increase of US$31 per tonne or 1.31 per cent. LME aluminium cash bid price stood at US$2,357 per tonne, with a 0.63 per cent or US$15 per tonne slump, according to London...
China’s A00 aluminium ingot price drops by RMB10/t to RMB18230/t; Average alumina spot price inches up by RMB1/t
A00 aluminium ingot price in China has decreased by RMB 10 per tonne to settle at RMB 18,230 per tonne, as recorded by the Shanghai Metals Market on Thursday, July 7. The average prices are expected to range between RMB 18,210 per tonne and RMB 18,250 per tonne, with spot contracts to be traded at...
China’s A00 aluminium price faces a huge slump of RMB790/t resting at RMB18240/t; Alumina price in Shanxi records RMB5/t hike
A00 aluminium ingot price in China has witnessed a massive plunge of RMB 790 per tonne on July 6, Wednesday. According to the Shanghai Metals Market, the price has precisely settled at RMB 18,240 per tonne, with average prices estimated to range between RMB 18,220 per tonne and RMB 18,260 per tonne...
China’s A00 aluminium ingot price declines by RMB140/t to RMB19,030/t; Aluminium alloys (ADC12) price plunge by RMB100/t
On Tuesday, July 5, China’s A00 aluminium ingot price has dropped by RMB 140 per tonne to settle at RMB 19,030 per tonne, following a hike the previous day. The average price is expected to range between RMB 19,010 per tonne and RMB 19,050 per tonne, with spot contract to be traded at a discount...
Primary aluminium inventories in China stop destocking this weekend from 734,000 tonnes
According to the Shanghai Metals Market, social inventories of primary aluminium in China recorded a restraint this weekend, ending July 4, at 734,000 tonnes. After continued declines since June 21, primary aluminium inventories displayed no change over the weekend across eight major consumption...
Commissioning of new 12.9 million tonnes of Chinese alumina capacities pulls down domestic prices
June 2022 witnessed the commissioning of 8.45 million tonnes of new alumina capacities in China, including Jingxi Tiangui’s Phase II project with 850,000 tonnes of capacity, Bosai Wanzhou with 4.8 million tonnes, Hebei Wenfeng with 2.4 million tonnes, and Aokaida Chemial with 400,000 tonnes....
China’s A00 aluminium ingot price builds up by RMB120/t after two back-to-back falls; Imported bauxite price gains US$1.5/t
A00 aluminium ingot price in China has opened the week with a hike of RMB 120 per tonne, following two consecutive downfalls from RMB 19,370 per tonne to RMB 19,050 per tonne, found the Shanghai Metals Market. Hence, on Monday, July 4, the price has come in at RMB 19,170 per tonne, with average...
“To a large extent, the European Union is dependent on China for the primary aluminium supply because of the continuous decline in primary metal production in Europe,” President of the International Aluminium Exhibition METEF
AlCircle is honoured to have Dr Mario Conserva giving his views and opinions of the European aluminium market. Dr Conserva is associated with the aluminium industry since 1963 and now the President of the International Aluminium Exhibition METEF, Cofounder and General Secretary of Federation of...
Ghana's bauxite industry foresees $10 billion Chinese investment
The senior presidential advisor to the Akufo-Addo Administration, Senior Minister Yaw Osafo Maafo stated that Ghana can generate 100,000 jobs from a $10 billion loan agreement with China. In 2017, the Chinese government committed a sum of $15 billion to support developmental projects in Ghana. The...
China’s A00 aluminium ingot price shrinks for two straight days closing the week at RMB19050/t; Australian alumina FOB loses US$1/t
A00 aluminium ingot price in China has plunged by RMB 180 per tonne to close the week, ending July 1, at RMB 19,050 per tonne, found the Shanghai Metals Market. The average prices are estimated to range between RMB 19,030 per tonne and RMB 19,070 per tonne and spot contracts to be traded at a...
