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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LME aluminium price drops the lowest in six months at US$2694.5/t; SHFE sheds US$71/t to start week at US$3000/t
LME aluminium opened at US$2,760 per tonne last Friday and closed at US$2,682.5 per tonne, a drop of US$77.5 per tonne or 2.81 per cent. LME aluminium price has decreased exponentially due to weak economic growth diminishing the metals’ demand in the market. Moreover, the second round of Covid-19...
A00 aluminium ingot price in China opens the week with a plunge of RMB400/t; Average alumina spot price slips by RMB4/t
On Monday, June 13, A00 aluminium ingot price in China halted at RMB 20,100 per tonne, falling sharply by RMB 400 per tonne, as shown in the SMM data. The average price is expected to hover between RMB 20,080 per tonne and RMB 20,120 per tonne, with spot contract to be traded at a discount price of...
China’s aluminium billet operating rates inch up to 71.2% in May’22 owing to operation resumption after COVID pandemic
According to the Shanghai Metals Market, the average operating rates of aluminium billet producers using aluminium liquid grew by 0.2 percentage point month-on-month to 71.2 per cent in May 2022. In east China (mainly Shandong), north-west and south-west, aluminium billet operating rates exceeded...
Primary aluminium weekly recap: China’s aluminium production in May grows 4% M-o-M to 3.435 Mt; Vedanta reports 12% reduction in carbon emissions in FY2022 on the World Environment Day
The global aluminium primary aluminium segment witnessed a lot of significant changes. To begin with, the news that garnered the most attention this week was the appointment of Satish Pai as the new board chairman of the International Aluminium Institute. Satish Pai is the Managing Director of...
China’s aluminium production in May registers an increase of 4% M-o-M to 3.435 Mt
According to the Shanghai Metals Market, China produced 3.435 million tonnes of aluminium in May (31 days), which registered an increase of 4.15 per cent from 3.298 million tonnes in April (30 days). On a year-on-year basis, the output in May grew 3.6 per cent from 3.32 million tonnes. The daily...
China’s primary aluminium inventories suffer W-o-W decline of 29000 tonnes; situation to retrieve with improved transportation
As recorded by the Shanghai Metals Market, China’s social inventories of primary aluminium witnessed a downfall on Friday, June 9, across eight primary consumption areas. According to the data provided by SMM, the aluminium ingot inventory fell sharply by 29,000 tonnes week-on-week compared with...
China’s A00 aluminium ingot price loses RMB280/t to close the week lower at RMB20500/t; China’s alumina price on gradual decline to RMB2964/t
On Friday, June 10, the average alumina spot price in China stopped at RMB 2,964 per tonne, declining by RMB 8 per tonne, as the SMM data shows. The alumina price in Henan has dropped by RMB 15 per tonne to halt at RMB 3,035 per tonne. Alumina's price in Guizhou has marked RMB 5 per tonne fall,...
China’s aluminium billet inventories expand by 12,900 tonnes W-o-W across five major regions
On Thursday, June 9, aluminium billet inventory in China expanded by 12,900 tonnes W-o-W across five major consumption areas to score at 140,000 tonnes. Arrivals were high due to upstream manufacturers' centralised shipment during the Dragon Boat Festival, but downstream manufacturers continued to...
China’s alumina price digs deeper to RMB2972/t with RMB14/t loss; A00 aluminium ingot price continues to shed RMB20/t
On Thursday, June 9, average alumina spot price in China has stopped at RMB 2,972 per tonne, declining by RMB 14 per tonne, as the SMM data shows. The alumina prices in Henan and Guangxi have dropped by RMB 10 per tonne to halt at RMB 3,050 per tonne and RMB 2,985 per tonne, respectively. Alumina's...
A00 aluminium ingot price in China drops RMB20/t twice this week; Bauxite price marks RMB2.5/t rise
China’s A00 aluminium ingot price falls for two days in a row by RMB 20 per tonne to stand at RMB 20,800 per tonne, as recorded by the Shanghai Metals Market on Wednesday, June 8. The average prices are supposed to range between RMB 20,780 per tonne and RMB 20,820 per tonne, with spot contracts...
Traders in Southern Guangdong falsely duped by fake aluminium volumes
The incident in Guangdong's southern region, where many traders claimed that they were misled into extending a credit against fictitious quantities of aluminium, has stirred China’s metals market. As per the report, more than RMB 500 million ($75 million) may have been duped, secured by metal...
China’s A00 aluminium ingot price stoops down by RMB20/t to RMB20820/t; Alumina price dips by RMB1/t
A00 aluminium ingot price has dropped by RMB 20 per tonne to settle at RMB 20,820 per tonne on Tuesday, June 7, after a day of sizeable price rise, as noted by the Shanghai Metals Market (SMM). The average price of aluminium ingots are estimated to range between RMB 20,800 per tonne and RMB 20,840...
Primary aluminium inventories dip by 8,000 tonnes over weekend to 874,000 tonnes: SMM
Social inventories of primary aluminium in China have continued to decline by 8,000 tonnes over the weekend ended Monday, June 6, across eight major consumption areas, including SHFE warrants. According to the Shanghai Metals Market, the further decline in inventories has brought the total volume...
A00 aluminium ingot price records back-to-back hike to RMB20840/t; Aluminium alloy (A356) price gains RMB300/t
According to the Shanghai Metals Market, A00 aluminium ingot price in China has built up by RMB 300 per tonne on Monday, June 6, to stand at RMB 20,840 per tonne. This has marked the second consecutive hike following a rise of RMB 350 per tonne. Today, the average prices are expected to range...
China’s primary aluminium inventories sharply fall by 55000 tonnes W-o-W on June 2
According to the Shanghai Metals Market, China’s social inventories of primary aluminium extended decline on Thursday, June 2, across eight major consumption areas, including SHFE warrants. As per the data found, the inventories fell sharply by 55,000 tonnes over the week and 151,000 tonnes from...
Guangyuan Linfeng Aluminum & Electricity joins ASI as new production and transformation member
Guangyuan Linfeng Aluminum & Electricity Co., LTD joined ASI as its new production and transformation member. Guangyuan Linfeng Aluminum & Electricity Co., LTD., founded in December 2018, is located in Guangyuan Economic and Technological Development Zone's Yuanjiaba Industrial Park. With an annual...
China’s aluminium billet inventory plunges by 3,000 tonnes W-o-W to close at 127,100 tonnes
China’s aluminium billet inventory has plunged by 3,000 tonnes W-o-W to settle at 127,100 tonnes. Yesterday, downstream purchases were bolstered by the sharp fall in aluminium prices and the forthcoming Dragon Boat Festival. Overall, downstream consumption has rebounded, and the market is confident...
China’s A00 aluminium ingot price escalates by RMB350/t to US$20,540/t; Imported alumina price shrinks by US$5/t
A00 aluminium ingot price in China has gained RMB 350 per tonne, following a sharp decline of RMB 570 per tonne on the previous day. According to the Shanghai Metals Market data, the price has come in at RMB 20,540 per tonne as of June 2, with average prices estimated to range between RMB 20,520...
