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 March bauxite import crosses 10 million tonnes, surging by 13.58% M-o-M
China’s bauxite import for March 2022 witnessed M-o-M hike of 13.58 percent and 15.79 percent Y-o-Y, says the customs data. In total, China imported 11.7 million tonnes of bauxite in March. For the same month, Australia imported a total of 2.95 million tonnes, rising by 15.62 percent M-o-M but down...
A00 aluminium ingot price in China falls by RMB850/t; Australian alumina FOB price inches down by US$1/t
On March 25, Monday, China’s A00 aluminium ingot price has settled at RMB 20,950 per tonne after witnessing a drop of RMB 850 per tonne, found the Shanghai Metals Market. The average price for the same day is expected to orbit between RMB 20,930 per tonne and RMB 20,970 per tonne, with spot...
Alumina weekly recap: China's alumina shipment to Russia in March spurts up due to Western-led sanctions; Alba receives RoSPA award for outstanding ‘Safety and Health’ standards
The after effects of Russia-Ukraine crisis can still be felt in the global alumina industry. To begin with, as per customs figures released on Wednesday, April 20, China's alumina export to Russia had increased by more than 90 times in March compared to the same month a year ago, as Western-led...
China experiences 50% inflation in unwrought aluminium alloy imports
In March 2022, China imported 120,600 tonnes of unwrought aluminium alloy, up by 54.5 per cent Y-o-Y and 31.3 per cent M-o-M, according to China General Administration of Customs. The imports in the first quarter of 2022 totalled 329,000 tonnes, going up by 50.2 per cent, year on year. China...
Aluminium billet inventory in China plummets by 11.37% W-o-W to 119,100 tonnes
On Thursday, April 21, China’s aluminium billet inventories plunged by 11.37 percent W-o-W to stop at 119,100 tonnes. East China's transportation efficiency is unlikely to increase considerably in the near future, keeping stocks relatively steady. The peak season in south China drove destocking. As...
China’s primary aluminium inventories continue to fall by 42000 tonnes W-o-W as purchase recovers after pandemic
According to the Shanghai Metals Market, social inventories of primary aluminium in China continued to record week-on-week fall since the last drop of 3,000 tonnes on the previous Thursday, April 14. But compared to the prior week, the inventories fell extensively this Thursday by 42,000 tonnes...
US aluminium plates, sheets and bars import for January’22 hikes by 33.17% Y-o-Y
In January 2022 a total of 112,000 tonnes of aluminium plates, sheets and bars was imported to the United States. On a month-on-month scale a growth of 3,000 tonnes or 2.75 percent was witnessed. As per the USGS data, for December 2021 the total amount of aluminium plates, sheets and bars imported...
Average alumina price in China expands to RMB3010/t after a restraint last day; but A00 aluminium ingot price drops by RMB30/t
The average alumina spot price in China has recorded an increase of RMB 4 per tonne on Friday, April 22, following a restraint on the previous day. According to the Shanghai Metals Market, the price has closed the week at RMB 3,010 per tonne. However, the alumina price growth has not touched upon...
LME on rise again closing at US$3262/t; SHFE falls for three straight days to US$3384/t
LME aluminium opened at US$3,269 per tonne on Thursday and closed at US$3,302.5 per tonne, an increase of US$39.5 per tonne or 1.21 per cent. On 21 st April, LME aluminium cash bid price stood at US$3,261 per tonne and LME aluminium official settlement price halted at US$3,262. The former recorded...
China’s primary aluminium exports in March'22 grow exponentially Y-o-Y to 42300 tonnes backed on decreased overseas output
According to the Shanghai Metals Market, China imported 39,400 tonnes of primary aluminium in March 2022, which reflected a sharp rise of 115 per cent month-on-month but a downfall of 55.1 per cent year-on-year. In contrast, China’s exports of primary aluminium grew year-on-year by 5571 per cent in...
China's alumina shipment to Russia in March spurts up due to Western-led sanctions
On Wednesday, April 20, custom statistics indicated that China’s alumina shipment to Russia heightened by more than 90 times in March compared to the same month a year ago, as sanctions on Russia for its invasion of Ukraine cut off some of its customary supply. According to the General...
World primary aluminium production in Q1 2022 dips by 1% Q-o-Q to 16.459 Mt despite a rebound in March
In March 2022, world primary aluminium production grew month-on-month by 11.23 per cent to rebound to 5.693 million tonnes, bringing the total output in the first quarter ended March 31, 2022, to 16.459 million tonnes. In February, the production stood at 5.118 million tonnes, seeing a decline of...
A00 aluminium ingot price in China surges by RMB80/t; Aluminium alloy (A356) price ascends by RMB50/t
China’s A00 aluminium ingot price stopped at RMB 21,830 per tonne, after witnessing a rise of RMB 80 per tonne on Thursday, April 21, opines SMM. The average price is expected to hover between RMB 21,810 per tonne and RMB 21,850 per tonne, with spot contract to be traded at a premium price of RMB...
China’s A00 aluminium ingot price slumps by RMB280/t after five consecutive hikes; Alumina price extends growth above RMB3000/t
A00 aluminium ingot price in China has plunged by RMB 280 per tonne on Wednesday, April 20, after the five consecutive days of hike. The Shanghai Metals Market data shows the price has come in at RMB 21,750 per tonne, with average prices likely to range between RMB 21,730 per tonne and RMB 21,770...
China’s A00 aluminium ingot price halts at RMB22030/t, a rise of RMB230/t; Alumina spot price inches up by RMB2/t
China’s A00 aluminium ingot price has been on the rise since Wednesday, April 13. Based on the data from the Shanghai Metals Market, the price for today (Tuesday, April 19) has stopped at RMB 22,030 per tonne, recording a rise of RMB 230 per tonne. The average price for the same is expected to...
Global alumina market may experience disrupting Q2 due to the Ukraine-Russia stand-off
In the second quarter (Q2) of 2022, the global alumina market is envisaged to be in a state of uncertainty, as the after-effects of the Russia-Ukraine conflict and a slew of interconnected variables threaten to shift supply and demand fundamentals. The embargo on alumina and bauxite shipments to...
China’s aluminium imports decline below 200,000 tonnes in March’22 due to overseas price surge
In March 2022, China’s aluminium imports slipped below 200,000 tonnes, decreasing by 4.6 per cent year-on-year, found the General Administration of Customs. As per the data shown, the country secured 197,134 tonnes of unwrought aluminium and products, including primary metal and unwrought & alloyed...
China’s monthly aluminium production in March grows highest since May 2021 at 3.3Mt amid daily output fall: NBS
In March 2022, China’s aluminium production recorded a rise of 1.8 per cent year-on-year to stand the highest since last May 2021, buoyed by production recovery and strong profits. As per the data showed by the National Bureau of Statistics, the output in China came in at 3.3 million tonnes,...
