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 falls for five days in a row to US$3444/t; SHFE is closed for Qingming Festival, China
On Monday, 4 th of April, LME aluminium cash bid price stopped at US$3,443.50 per tonne and LME aluminium official settlement price was last recorded at US$3,444 per tonne, with a 1.12 per cent downfall, in comparison with the records of the previous week, both witnessed a decline of US$39 per...
Metallurgical-grade alumina production in Africa & Asia edges a 7.6% hike during Jan-Feb 2022
In the first two months of 2022, alumina production in Africa & Asia totalled 2.224 million tonnes, with the output in February at 1.075 million tonnes, down by 6.44 per cent month-on-month, found the International Aluminium Institute’s data. In January, alumina production in Africa & Asia stood at...
China is boosting its aluminium exports to compensation the supply gaps in Western markets: Source
As observed by market experts, China is boosting its aluminium export volume to balance the supply gaps in Western markets. In February, China exported 26,378 tonnes of primary aluminium in February, the highest monthly since 2010, turning into a net exporter for the first time since November 2019....
China’s primary aluminium inventories gain 2,000 tonnes W-o-W after incessant declines
According to the Shanghai Metals Market, social inventories of primary aluminium in China totalled 1.04 million tonnes this week, as of March 31, 2022, across eight major consumption areas, including SHFE warrants. Compared to a week ago, March 24, primary aluminium inventories built up by 2,000...
World’s metallurgical-grade alumina production in Feb’22 falls 8.7% M-o-M, but daily output grows 1.1% to 356,300 tonnes
World alumina production in February 2022 amounted to 10.606 million tonnes, which included 9.975 million tonnes of metallurgical-grade alumina. That reflected a month-on-month decline of 8.7 per cent from 10.926 million tonnes but a year-on-year increase of 0.8 per cent from 9.897 million tonnes,...
China’s aluminium billet inventories plunge by 4.67% W-o-W due to COVID-19 pandemic
On Thursday, March 31, China’s aluminium billet inventory had plunged by 7,900 tonnes or 4.67 per cent W-o-W across five major regions to total at 157,500 tonnes, found the Shanghai Metals Market. Under the effect of the pandemic, trades in the spot aluminium billet market were slow. The inventory...
Cambodia’s import demand for aluminium bar rods and profiles during 2019-21 excels; 8% growth expected for 2022
The economy of Cambodia is projected to grow at around 5.6% in 2022 and significantly gain prospective growth in the medium term, supported by global demand and a gradual comeback in investor confidence. Aluminium bar rods and profiles are extensively used in the transportation, construction and...
China’s A00 aluminium ingot price contracts by RMB100/t owing to production resumption in some areas
On Thursday, March 31, the A00 aluminium ingot price has fallen again for the second consecutive day to score at RMB 22,630 per tonne, finds the Shanghai Metals Market. The price has gone down by RMB 100 per tonne as of Thursday, March 31. The resumption of domestic aluminium production in some...
China’s A00 aluminium ingot price rebounds to RMB22990/t on continued inventory fall; Alumina price grows further on closed import window
The ongoing fall in China’s primary aluminium inventories due to recovery of downstream demand, along with the slow resumption of new production capacities for the fresh outbreak of COVID19, has lifted the A00 aluminium ingot price by RMB 90 per tonne to stand at RMB 22,990 per tonne on Tuesday,...
China’s alumina exports in March to slump further to 100,000-150,000 tonnes given shipment disruption for fresh COVID wave
China’s alumina imports were 212,900 tonnes and 201,100 tonnes in January and February 2022, reflecting a downfall of 16.58 per cent and 5.57 per cent month-on-month. On a year-on-year calculation, the country’s aluminium imports in January stood down by 35.67 per cent, while imports in February...
China’s average alumina spot price opens the week on Monday with a slight increase of RMB 4/t
The average alumina spot price has opened the week on Monday, March 28, with an increase of RMB 4 per tonne to close at RMB 2,977 per tonne, found the Shanghai Metals Market. For the same day in Shandong, the price has inched up by RMB 10 per tonne to total at RMB 2,960 per tonne. However, in other...
China fears of secondary sanctions for supporting Russia with alumina supply
On March 20, in response to the Ukraine-Russia standoff, the Australian government had imposed a ban on the export of alumina, bauxite and other commodities to Russia. As a result, some industry analysts believe that Russia may now seek help from China for the alumina supply. However, Chinese...
Average alumina spot price in China inches up by RMB3/t to RMB 2973/t; A00 aluminium ingot price slips by RMB170/t
On Friday, March 25, the average alumina spot price has inched up by RMB 3 per tonne to score at RMB 2,973 per tonne. According to the Shanghai Metals Market, the price in Guizhou and Guangxi has climbed up by RMB 10 per tonne to peg at RMB 2,975 per tonne and RMB 2,970 per tonne. For the same day...
China’s billet inventories decline by 13.85% W-o-W to score at 151,900 tonnes
China’s Aluminium billet inventory has been following the downward trend since February 24. As of Thursday, March 24, the inventory has plummeted by 24,400 tonnes or 13.85 percent W-o-W to register at 151,900 tonnes. According to SMM, the market must closely monitor how the current increase in...
Chinese primary aluminium inventories shrink by 50,000 tonnes W-o-W on delayed arrivals of stocks
According to the Shanghai Metals Market, social inventories of Chinese aluminium ingots have continued to decrease by 50,000 tonnes from a week ago, across eight major consumption areas, including SHFE warrants. Data shows the inventories have come in at 1.04 million tonnes, compared with 1.09...
IAI estimates global aluminium demand to grow 40% post-Covid, requiring additional output of 33.3Mt
A recent study has revealed that global aluminium demand will see an increase of 40 per cent by 2030, requiring an additional production of 33.3 million tonnes, meaning the metal output should ideally improve from 86.2 million tonnes in 2020 to 119.5 million tonnes in 2030. The research study,...
Chinese alumina price crawls up to RMB2970/t after four-day restraint; Market destocking lifts A00 aluminium ingot price by RMB240/t
The average alumina spot price in China has increased by RMB 7 per tonne on Thursday, March 24, after remaining restrained for the past four days at RMB 2,963 per tonne. According to the Shanghai Metals Market, the rise today has brought the domestic alumina spot price to RMB 2,970 per tonne. In...
China’s A00 aluminium ingot price soars up by RMB 150/t; Aluminium alloy (A356) price hikes by RMB150/t
China’s increased cases of Coronavirus had caused the A00 aluminium ingot price to slip by RMB 220 per tonne on Tuesday, March 22. However, on Wednesday, March 23, the price has soared up by RMB 150 per tonne to close at RMB 22,920 per tonne, found the Shanghai Metals Market. The average prices are...
