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 crash-lands on RMB20190/t with RMB570/t cut; High purity aluminium prices loose RMB600/t
A00 aluminium ingot price has plummeted by RMB 570 per tonne to stand at RMB 20,190 per tonne, as recorded by the Shanghai Metals Market on Wednesday, June 1. The average prices are estimated to range between RMB 20,170 per tonne and RMB 20,210 per tonne, with spot contracts trading at a discount...
World daily alumina output improves in April’22 despite a 3% monthly fall to 11.373 Mt : IAI
World alumina production in April 2022 came in at 11.063 million tonnes, registering a downfall of 2.73 per cent from 11.373 million tonnes in March, found the International Aluminium Institute. However, the output in March registered a month-on-month hike of 12.43 per cent from 10.116 million...
Press Metal's Q1 earnings show a significant rise due to high aluminium prices and production
The globally integrated aluminium producer, Press Metal, with its largest presence in South East Asia recorded augmented sales and earnings for the first quarter till 31st March 2022. The firm’s revenue ascended to 86.6% Y-o-Y in 1Q 2022 to reach RM 3.92 billion, and the net profit heightened by...
Alumina spot price in China dips by RMB2/t to RMB2987/t; A00 aluminium ingot price inches up by RMB10/t
China's average alumina spot price has continued to fall for the second day in a row, although at a lower rate than the previous day. According to the Shanghai Metals Market data, the price has dipped by RMB 2 per tonne to stand at RMB 2,987 per tonne on Tuesday, May 31. In Guizhou and Guangxi,...
Downstream products weekly recap: Hindalco earns a historic profit of INR 13,730 crore in FY2022; TRA proposes to shield the UK aluminium extrusion industry from Chinese imports
The global aluminium industry’s most vital segment is the downstream part, which converts aluminium into manufacturing feedstock. Hindalco Industries Limited books a record profit for FY22, attributing to robust performance in the downstream business. According to the TRA, aluminium extrusion...
China’s A00 aluminium ingot price closes the week higher at RMB20800/t; High purity aluminium prices hike RMB300/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...
LME aluminium price climbs down by US$4/t to US$2,825.50/t; SHFE price surges by US$24/t
LME aluminium opened at US$2,875 per tonne on Thursday and closed at US$2,866 per tonne, down US$2 per tonne or 0.07 percent. On Thursday, May 26, both LME aluminium cash bid price and LME aluminium official settlement price moved down for the third day to settle at US$2,825 per tonne and...
Aluminium billet inventory in China slumps by 4.61% W-o-W to 130,100 tonnes
Aluminium billet inventory in China on May 26 has dropped by 6,300 tonnes or 4.61 percent W-o-W to total at 130,100 tonnes. In provinces like Foshan, Nanchang and Changzhou the inventory has fallen the highest. SMM will keep a close eye on whether demand recovers and whether the destocking trend...
Primary aluminium inventories in China decline for the third week in a row to 937,000 tonnes
Social inventories of primary aluminium in China have decreased by 28,000 tonnes week-on-week across eight major consumption areas, including SHFE warrants, found the Shanghai Metals Market. That brought the inventories to 937,000 tonnes on Thursday, May 26, which compared to Monday, May 23, were...
China’s A00 aluminium ingot price reduces to RMB20500/t with RMB30/t cut; Imported bauxite prices soar high
A00 aluminium ingot price has declined by RMB 30 per tonne to settle at RMB 20,500 per tonne on Thursday, May 26, dropping for the third day, as noted by the Shanghai Metals Market (SMM). The average prices are estimated to range between RMB 20,480 per tonne and RMB 20,520 per tonne, with spot...
Chinese recycling company halts operation in Pakistan’s Gwadar city
HK Sons, a Chinese firm in the business of aluminium, copper and iron exporting to china’s capital city, Beijing has terminated functionalizing in Gwadar city of Pakistan. It is reported that H K Sons is one of the leading investors in Pakistan’s Gwadar city located on the southwestern coast of...
Indonesia’s decision to ban bauxite export won’t create any panic situation in China: Industry experts
According to the aluminium industry experts, Indonesia's decision to ban sending out bauxite, an essential input for aluminium, will have no genuine effect on the Chinese aluminium sector, as aluminium producers have expanded their sources and fortified the utilization of aluminium recycling....
Alumina price on constant decline to RMB2995/t; A00 China aluminium ingot price shrinks by RMB80/t
Today's alumina spot price in China has stopped at RMB 2,995 per tonne, declining by RMB 1 per tonne, as found in the SMM data. The alumina price in Shanxi has dropped by RMB 5 per tonne to halt at RMB 2,920 per tonne. The Australian alumina FOB price has decreased by US$ 4 per tonne, closing at...
SMM finds China’s aluminium plate/sheet and strip exports surge 52% Y-o-Y in April 2022
China customs data found the country’s aluminium plate/sheet and strip exports in April 2022 stood at 329,000 tonnes, registering a month-on-month increase of 1 per cent and a year-on-year rise of 52 per cent. Exports to the top 10 destinations were 189,200 tonnes, which accounted for 57.49 per...
ASI grants Novelis aluminium sheet facility in China with Performance Standard V2 (2017) Certification
Novelis (China) Aluminum Products Co., Ltd. has reportedly bagged the ASI Performance Standard V2 (2017) Certification for its production facility in Changzhou National Hi-Tech District, Jiangsu Province, China. The plant produces high-strength and lightweight aluminum sheet for use in full...
China’s prebaked anode exports grew 8% in April’22, with a lion share sent to Malaysia
The General Administration of Customs found China’s total exports of prebaked anode reached 185,500 tonnes in April 2022, which were 8.22 per cent higher month-on-month and 63.86 per cent year-on-year. Export value amounted to US$192 million, with a unit price of $1,035.81 per tonne. China exported...
Alumina price in China drops by RMB4/t resting at RMB2996/t; A00 aluminium ingot price crash-dives RMB230/t
On Tuesday, May 24, the average alumina spot price in China has stopped at RMB 2,996 per tonne, declining by RMB 4 per tonne, as found in the SMM data. The alumina price in Henan has also dropped by RMB 10 per tonne to halt at RMB 3,060 per tonne. A00 aluminium ingot price has plummeted after four...
China’s primary aluminium inventories continue to decline W-o-W to 942000 tonnes: SMM
According to the Shanghai Metals Market, social inventories of primary aluminium in China decreased by 42,000 tones week-on-week across eight major consumption areas, including SHFE warrants, to come in at 942,000 tonnes as of Monday, May 23. Compared to last Thursday, May 19, primary aluminium...
