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 shoots up by RMB140/t to RMB19860/t; Aluminium alloy (A356) price escalates by RMB150/t
A00 aluminium ingot price has heightened by RMB 140 per tonne to settle at RMB 19,860 per tonne on Tuesday, June 21, following two consecutive declines from RMB 20,160 per tonne to RMB 19,720 per tonne, found the Shanghai Metals Market (SMM). The average prices are estimated to range between RMB...
Primary aluminium inventories in China post a continued downfall of 28000 tonnes over the weekend
According to the Shanghai Metals Market, social inventories of primary aluminium in China further dropped across eight major consumption areas, including SHFE warrants, on Monday, June 20. As per the data revealed, inventories totalled 757,000 tonnes, seeing a downfall of 28,000 tonnes over the...
Launch Alert! AlCircle’s new report, “The World of Aluminium Extrusions - An industry analysis with forecasts to 2027"
AlCircle has come up with its latest sector focus report 2022, titled "The World of Aluminium Extrusions - An industry analysis with forecasts to 2027," which focuses on the expected production capacity, output and consumption across regions, applications across end-user industries and trade...
World primary aluminium production posts a monthly growth of 4% to 5.805 million tonnes in May’22: IAI
According to the International Aluminium Institute, world primary aluminium production in May 2022 reported an increase of 3.64 per cent month-on-month to 5.805 million tonnes. In April, the output was at 5.601 million tonnes, down by 2.69 per cent from 5.756 million tonnes a month ago. On a...
China’s aluminium imports drop 16% Y-o-Y to 188,469 tonnes but exports post a hike of 54%
According to the data released by the General Administration of Customs on Saturday, June 18, China’s aluminium imports in May 2022 decreased by 16.4 per cent year-on-year. That brought the total imports to 188,469 tonnes of unwrought aluminium and aluminium products – including primary metal &...
Domestic bauxite prices in major Chinese regions rise marginally due to supply constraints for alumina mills
Bauxite with an Al/Si ratio of 5 and alumina content of 58 per cent was sold between RMB 425 per tonne to RMB 450 per tonne (including VAT, except resource tax, delivery to factory) in north Shanxi as of June 17. On the same day in Xiaoyi, Shanxi, it was traded between RMB 435 per tonne to RMB 475...
China’s A00 aluminium ingot price plummets by RMB190/t ; Low carbon aluminium price drops by RMB210/t
A00 aluminium ingot price in China has plunged by RMB 190 per tonne to score at RMB 19,720 per tonne as of Monday, June 20. As per the SMM data, the average prices are expected to range between RMB 19,700 per tonne and RMB 19,740 per tonne, with spot contract to be traded at a premium price of RMB...
Downstream weekly recap: Vietnam Ministry to evaluate anti-dumping duties on Chinese aluminium goods for second time; AMAG receives recognition from Vienna Stock Exchange Prize jury
The global aluminium industry’s most vital segment is the downstream part, which converts aluminium into manufacturing feedstock. To begin with, for the week, the Vietnam Ministry of Commerce announced the results of the second examination of anti-dumping measures imposed on certain Chinese...
Aluminium billet inventories in China nosedive by 21,100 tonnes W-o-W to 118,900 tonnes
On Thursday, June 16, China’s aluminium billet inventories nosedived by 21,100 tonnes to settle at 118,900 tonnes W-o-W across five major consumption areas. The social inventory, on the other hand, was dragged down by strong replenishing demand with lowering aluminium prices. In Wuxi, Changzhou,...
China’s A00 aluminium ingot price plunges by RMB250/t to close the week below RMB20,000/t; Bauxite price drops by RMB2.50/t
A00 aluminium ingot price in China has declined by RMB 250 per tonne to close the week, ending June 17, lower than RMB 20,000 per tonne. According to the Shanghai Metals Market, the price has precisely settled at RMB 19,910 per tonne, with average prices estimated to range between RMB 19,890 per...
Decline rate in China’s primary aluminium inventories increases W-o-W totalling 785,000 tonnes on June 16
According to the Shanghai Metals Market, primary aluminium inventories in China witnessed a sharp decline of 68,000 tonnes week-on-week. Therefore, as of Thursday, June 16, the inventories totalled 785,000 tonnes, which in comparison with Monday, June 13, dwindled by 40,000 tonnes. Last week, on...
China’s A00 aluminium ingot price further escalates to RMB 20160/t; Aluminium powder price inches up by RMB0.10/kg
A00 aluminium ingot price in China has extended its rise for the second day in a row by RMB 90 per tonne to RMB 20,160 per tonne, found the Shanghai Metals Market. The average prices are expected to range between RMB 20,140 per tonne and RMB 20,180 per tonne, with spot contract to be traded at a...
LME aluminium price closes mid-week at US$2588/t with US$1.50/t cut; SHFE price declines to US$2951/t
LME aluminium opened at US$2,637 per tonne on Tuesday and closed at US$2,558 per tonne, down US$79 per tonne or 3 per cent. LME aluminium cash bid price collapsed to US$2,587 per tonne with a 0.08 per cent or US$2 per tonne decline, according to London Metal Exchange. The LME aluminium official...
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China’s A00 aluminium ingot price hikes by RMB150/t; Australian alumina FOB price moves up by US$6/t
On Wednesday, June 15, the A00 aluminium ingot price in China halted at RMB 20,070 per tonne, after witnessing a hike of RMB 150 per tonne. As per the SMM data, the average price is expected to stand between RMB 20,050 per tonne and RMB 20,090 per tonne, with spot contract to be traded at a premium...
Vietnam Ministry to evaluate anti-dumping duties on Chinese aluminium goods for second time
The second evaluation of anti-dumping measures imposed on selected Chinese aluminium goods has been announced by the Ministry of Industry and Trade (MoIT). As a result, the anti-dumping duties on items with the codes 7604.10.10, 7604.10.90, 7604.21.90, 7604.29.10, and 7604.29.90 will be reviewed....
China’s primary aluminium inventories extend downfall by 49,000 tonnes W-o-W to 825000 tonnes on June 13
China’s social inventories of primary aluminium decreased over the weekend by 28,000 tonnes across eight major consumption areas, including SHFE warrants, to come in at 825,000 tonnes on Monday, June 13, found the Shanghai Metals Market. On a week-on-week calculation, the inventories recorded a...
China’s secondary aluminium alloy operating rate grows 2 percentage points in May’22 on improved pandemic
According to the Shanghai Metals Market, the average operating rate of secondary aluminium alloy producers saw a 1.96 percentage points of M-o-M hike to stand at 45.89 per cent in May 2022. But on a yearly basis, the operating rate faced a downfall of 13.67 percentage points. The monthly increase...
China’s metallurgical-grade alumina output augments to 6.955 million tonnes in May on increased productivity
China’s Shanghai Metals Market disclosed the metallurgical-grade alumina output amounted to 6.955 million tonnes in May 2022 (31 days), flaunting M-o-M increase of 12.16 per cent from 6.201 million tonnes and Y-o-Y rise of 12 per cent from 6.210 million tonnes. The average daily output of...
