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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Benelli TRK 502X models replace steel with aluminium alloy for lighter swingarm in China
Benelli Motorcycles unveiled its upgraded version of TRK 502X around the middle of May 2022 in China. The new Benelli TRK 502X has disposed of the heavy and clumsy steel swingarm, replacing it with aluminium alloy pivoted fork. This alteration has further decreased the average weight of the...
China’s alumina spot price falls successively by RMB7/t; A00 aluminium ingot price on boost recording RMB20840/t
The average alumina spot price has dropped for the fourth day in a row by RMB 7 per tonne to come in at RMB 3,000 per tonne as of Monday, May 23, found the Shanghai Metals Market. The alumina price in Lianyungang and Bayuquan has decreased by RMB 50 per tonne to record at RMB 3,050 per tonne and...
TRA proposes to shield UK aluminium extrusion industry from Chinese imports
On 20th May 2022, the Trade Remedies Authority, the UK body that investigates whether trade remedy measures are needed to counter unfair import practices and unforeseen surges of imports, has proposed new measures for the UK aluminium extrusion industry to be protected from Chinese dumping....
China’s aluminium billet inventory slips by 2,300 tonnes W-o-W to 136,400 tonnes
On May 19, China’s domestic aluminium billet inventory slumped by 2,300 tonnes or 1.66 percent W-o-W to score at 136,400 tonnes. Following the drop in aluminium prices and conversion margins, downstream purchasers were more eager to enter the market. SMM will be watching to see if consumption...
World primary aluminium production dips 1.4% Y-o-Y to 16.549 Mt in 1Q2022
World primary aluminium production in the first quarter of 2022 totalled 16.549 million tonnes, registering a quarter-on-quarter downfall of 0.53 per cent from 16.637 million tonnes, found the International Aluminium Institute (IAI). On a year-on-year calculation, the output in Q1 2022 also...
China’s primary aluminium inventories decline further by 38,000 tonnes W-o-W: SMM
According to the Shanghai Metals Market, social inventories of primary aluminium have decreased by 38,000 tonnes week-on-week across eight major consumption areas in China, including SHFE warrants, to come in at 965,000 tonnes as of Thursday, May 19. Compared to this Monday, May 16, the inventories...
HLIB holds “buy” rating on Press Metal Aluminium at a lower target price of RM7.59
Hong Leong Investment Bank Bhd (HLIB) has maintained its “buy” rating on Press Metal Aluminium Holdings (PMetal) at RM5.28, with a lower target price of RM7.59 (down from RM7.71). HLIB forecasted a net profit of between RM420 million and RM470 million for Press Metal in 1Q2022, up 47 per cent to 64...
Demand decline reduces aluminium import to China in April by 38% Y-o-Y
According to the government data, China’s aluminium import ratio tumbled by 37.7% in April 2022, compared with the first month of Q1 2021. The cause of this plunge is rooted in the aluminium price hike in the global market and the declining domestic consumption rate in China. Imported products,...
China’s A00 aluminium ingot price augments by RMB110/t to RMB20510/t; Aluminium alloy (A356) price surges by RMB100/t
On May 19, A00 aluminium ingot price in China has shot up by RMB 110 per tonne to close at RMB 20,510 per tonne, finds SMM. The average price is expected to orbit between RMB 20,490 per tonne and RMB 20,530 per tonne, with spot contract to be traded at a discount price of -20 per tonne and premium...
Primary aluminium inventories in China drop 2% over the weekend to shrink below 1 million tonnes
According to the Shanghai Metals Market, social inventories of primary aluminium have declined over the weekend ending May 16 by 19,000 tonnes or 1.89 per cent across eight major consumption areas, including SHFE warrants. On a year-on-year calculation, the inventories are down by 77,000 tonnes...
China’s April aluminium output ramps up by 3.36 million tonnes as the country ends power curbs
China, one of the world's leading primary aluminium producers, has achieved a new record in April after restrictions on power production were relaxed, allowing smelters to boost operations. As per the National Bureau of Statistics, the primary aluminium output in China closed at 3.36 million...
Operating rate across aluminium processors in China grows to 58.6% in the backdrop of recovery from the pandemic
According to the Shanghai Metals Market data, the average operating rate across aluminium processors in China grew by 1.3 percentage points week-on-week to stand at 58.6 per cent last week ended Friday, May 13, driven by the resumption of operations after the Labour Day Holiday. But compared to the...
China’s A00 aluminium ingot price opens the week with a hike of RMB400/t; Alumina spot price inches down by RMB2/t
China’s A00 aluminium ingot price has hiked by RMB 400 per tonne to close at RMB 20,510 per tonne, says SMM. The average price for the same is expected to range between RMB 20,490 per tonne and RMB 20,530 per tonne, with spot contract expected to be traded at a premium price of RMB 0-40 per tonne....
China’s M-o-M exports of aluminium plates, sheets and bars to US in February’22 slump by 6.81%
US aluminium plates, sheets and bars imported from China in February 2022 settled at 16,400 tonnes. On a month-on-month calculation the quantity dropped by 1,200 tonnes or 6.81 percent from 17,600 tonnes in January 2022. On the other hand, for January 2022 a surge of 600 tonnes or 3.52 percent was...
China’s A00 aluminium ingot price slumps for the second day by RMB160/t; aluminium alloy(A356) price decreases by RMB150/t
A00 aluminium price in China has declined by RMB 160 per tonne on Friday, May 13, to settle at RMB 20,110 per tonne, according to the data collected from the Shanghai Metals Market. The average aluminium prices are expected to range between RMB 20,090 per tonne and RMB 20,130 per tonne, while spot...
Aluminium billet inventory in China escalates by 10,000 tonnes W-o-W to 138,700 tonnes
On May 12, China’s domestic aluminium billet inventory surged by 10,100 tonnes or 7.84 per cent W-o-W to halt at 138,700 tonnes, said SMM. Lower conversion margins may in the future, entice purchasers. After the epidemic was brought under control, the market mood improved. As a result, inventories...
Primary aluminium inventories in China decline W-o-W by 30,000 tonnes to total 1 million tonnes
According to the Shanghai Metals Market, social inventories of primary aluminium continued to decrease across eight major consumption areas, including SHFE warrants. On a weekly basis, inventories decreased by 30,000 tonnes, while on a year plunged by 58,000 tonnes to come in at 1 million tonnes on...
China’s secondary aluminium operating rate drops to 33.1% in April’22 for scanty raw materials and production shut
According to the Shanghai metals Market, China’s average operating rate of secondary aluminium recorded a drop of 12.3 percentage points month-on-month to close at 33.1 per cent in April. The resurgence of COVID pandemic was the main reason behind the downfall. The situation deteriorated since...
