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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World primary aluminium production in February’22 registers a 9% fall to 5.114 MT, but daily average output sees a rise
According to the latest data shown by the International Aluminium Institute, world primary aluminium production in February 2022 recorded a downfall of 9.34 per cent month-on-month to stand at 5.114 million tonnes. In January, the output scored at 5.641 million tonnes, up by 1.95 per cent...
Yunnan Shenhuo resumes 220,000 tonnes of aluminium capacity as power crisis eases
Yunnan is home to around 10% of China's aluminium production capacity. In May 2021, the province was plagued by drought as a result of the Yunnan government had adopted initiatives to minimise the electrical consumption of aluminium smelters in the province. However, as per the latest reports,...
China’s A00 aluminium ingot price declines by RMB220/t as consumers feel ambivalent about purchase amid new corona cases
China’s domestic primary aluminium ingot price has slipped on Tuesday, March 22, as rising cases of coronavirus have clouded the growth outlook for top metal consumers. But on the other hand, jitters over supply disruption as Russia-Ukraine peace discussions failed to ease conflict have capped the...
China’s average operating rate of secondary aluminium falls to 44.7% in 2021 despite a rise in new capacity to 1.85 MT
Shanghai Metals Market data found China’s new secondary aluminium capacity stood at 1.85 million tonnes in 2021, including 1.17 million tonnes of secondary aluminium casting alloy, while the total installed capacity was 11.96 million tonnes. But the average operating rate of secondary aluminium...
China Hongqiao Group earns 33% higher revenue in CY2021 even amid volatile COVID pandemic situation
China Hongqiao Group Co., Ltd., the world's largest aluminium producer covering the entire value chain, has published its annual results for the year ended December 31, 2021, highlighting the revenue growth of 32.9 per cent (approx.) year-on-year to RMB 114,490,941,000. At the end of 2020,...
China’s A00 aluminium ingot price surges by RMB470/t; Aluminium alloy (A356) price grows by RMB450/t
According to the Shanghai Metals Market, A00 aluminium ingot price has opened the week on Monday with a surge of RMB 470 per tonne to settle at RMB 22,990 per tonne. The average prices are expected to hover between RMB 22,970 per tonne and RMB 23,010 per tonne, with spot contract to be traded at a...
JinkoSolar bags two separate deals plans to invest $3.3 billion
The world's largest solar panel manufacturer, JinkoSolar Holding Company has publicized the details of multi-project silicon pull rod, module assembly and aluminium frame expansion in China, which the manufacturer is planning to infuse a compounded amount of $3.3 billion (RMB20.8 billion). Jiangxi...
Primary aluminium weekly recap: China’s A00 aluminium ingot price uptrends on improved buying sentiment, German companies support sanctions against Russia
This week continued to witness a downtrend in the global aluminium benchmark price, so much so that it stood month-on-month lower for a day. The LME aluminium price started the week at US$3,399 per tonne, reflecting a sharp downfall of US$73 per tonne from US$3,472 per tonne on March 11. The price...
India Govt. flags up for anti-dumping duty continuance on Chinese aluminium foil
The Ministry of Commerce, Govt. of India has commended for carrying on of anti-dumping duty on imports of Chinese aluminium foil, which are primarily consumed and used in food and pharma sectors, for five years to safeguard national manufacturers from low-cost imports. Directorate General of Trade...
A00 aluminium ingot price in China further surges by RMB440/t on improved buying sentiment
A00 aluminium ingot price in China has surged for the second day in a row by RMB 440 per tonne to close the week on Friday, March 18, at RMB 22,520 per tonne, found the Shanghai Metals Market. Recovery in the downstream purchase, resulting in the fall in primary aluminium inventories this week,...
China’s primary aluminium social inventories decline by 53,000 tonnes on improved buying sentiment
Social inventories of primary aluminium in China have decreased after six consecutive weeks of rising, owing to the improved buying sentiment among the downstream market. According to the Shanghai Metals Market, aluminium inventories have dwindled by 53,000 tonnes across eight major Chinese...
China’s billet inventories plummet by 8.84% W-o-W to 190,000t due to on-demand downstream buyers
On Thursday, March 17, China’s aluminium billet inventory has nosedived by 18,400 tonnes or 8.84 percent week-on-week, as the stockpile of aluminium billets continued to fall due to on-demand downstream purchase. As a result, the inventory has been registered at 190,000 tonnes. Due to fewer...
China’s A00 aluminium ingot price gains RMB310/t as stimulus pledge boosts investors’ confidence
According to the Shanghai Metals Market, the A00 aluminium ingot price has elevated by RMB 310 per tonne to total at RMB 22,080 per tonne as stimulus pledge boosted investors confidence. The average prices for the same is expected to hover between RMB 22,060 per tonne and RMB 22, 100 per tonne with...
Shares of Hoshion Industrial Aluminium rise on the occasion of bagging new business worth CNY4 billion
Shares of Chinese aluminium profile manufacturer - Hoshion Industrial Aluminium soared on the occasion of bagging four new clients with business prospect of CNY 4 billion (US$628.8 million). On Tuesday, March 15, Hoshion declared that it could earn CNY3.6 billion to CNY4 billion in the subsequent...
Imported alumina price in China gains RMB15/t after an intermittent fall; Domestic A00 aluminium ingot price grows to RMB21770/t
The average alumina spot price in China has dipped by RMB 10 per tonne on Wednesday, March 16, to stand at RMB 2,964 per tonne, found the Shanghai Metals Market. In Shandong, alumina price has decreased by RMB 25 per tonne to come in at RMB 2,910 per tonne, while the price in Shanxi has dropped by...
China’s Jan-Feb daily aluminium output records highest since mid-2021 at 107,288 tonnes, shows NBS
According to the data released by the National Bureau of Statistics, China’s aluminium output in the first two months of 2022 totalled 6.33 million tonnes, which reflected a year-on-year downfall of 1.4 per cent. During the corresponding period last year, China’s aluminium production had amounted...
China's A00 aluminium ingot price plummets by RMB170/t to RMB21730/t, aluminium alloy (A356) price plunges by RMB200/t
On Tuesday, March 15, A00 aluminium ingot price in China has fallen sharply by RMB 170 per tonne to peg at RMB 21,730 per tonne finds the Shanghai Metals Market. The average price for the same is likely to hover between RMB 21,710 per tonne and RMB 21,750 per tonne, with spot contract to be traded...
China’s A00 aluminium ingot price grows by RMB20/t to RMB21900/t, but aluminium alloy (A356) price shrinks by RMB50/t
According to the Shanghai Metals Market, A00 aluminium ingot price in China has slightly increased by RMB 20 per tonne to stand at RMB 21,900 per tonne on Monday, March 14. The average prices are expected to range between RMB 21,880 per tonne and RMB 21,920 per tonne, with spot contract to be...
