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...
Grow with
AL Circle
Rise in aluminium price causes China’s billet inventories to fall sharply by 19,200 tonnes
Some major aluminium extruders have begun production, while others will not be fully operational until late February or early March. Due to the Russia-Ukraine conflict, price of aluminium has been increasing consistently, causing several downstream companies to choose aluminium billets over ingots,...
More sanctions on Russia escalate A00 aluminium ingot price by RMB 690/t
The Russia-Ukraine conflict has stirred the metal industry to the core, causing the aluminium prices to inflate further as more sanctions on Russia were imposed, as of Thursday, March 3. The A00 aluminium ingot price has jumped again by RMB 690 per tonne to stand at RMB 23,540 per tonne, found the...
China’s A00 aluminium ingot price sees a surge of RMB300/t as sanctions on Russia fuel supply concerns
As the fear of metal supply disruptions has heightened across the world due to sanctions on Russia, A00 aluminium ingot price in China has increased by RMB 300 per tonne to stand at RMB 22,850 per tonne on Wednesday, March 2, found the Shanghai Metals Market. China’s domestic aluminium market has...
World alumina production in January 2022 dips by only 0.46% YoY to 11.569 million tonnes, shows IAI
In January 2022, world alumina production totalled 11.569 million tonnes, down by only 0.13 per cent from 11.584 million tonnes in December 2021 and 0.46 per cent less than 11.622 million tonnes in January 2021, found the International Aluminium Institute data. In the full-year 2021, world alumina...
Average alumina spot price in China plunges by RMB 35/t to RMB 3,153/t; A00 aluminium ingot price falls by RMB 120/t
On Monday, February 28, the average alumina spot price in China has fallen by RMB 35 per tonne to come in at RMB 3,153 per tonne, finds the Shanghai Metals Market. In Shanxi and Guangxi, the price has gone down by RMB 25 per tonne to record at RMB 3,115 per tonne and RMB 3,135 per tonne. In...
Primary aluminium inventories in China gain 60,000 tonnes W-o-W to total 1.1 million tonnes
According to the Shanghai Metals Market, social inventories of primary aluminium have totalled 1.1 million tonnes, gaining 60,000 tonnes week-on-week across eight major consumption areas, including SHFE warrants. The smelters and traders were highly willing to make shipments, but the downstream...
Aluminium billet inventory in China declines by 4,000 tonnes to register at 260,600 tonnes
The aluminium billet inventories in China dropped by 4,000 tonnes or 1.5% week-on-week across five major consumption areas. As a result, the inventories recorded at 260,600 tonnes, as of Thursday, February 24. Some popular aluminium extruders have begun to resume work this week, while the others...
World primary aluminium production in January 2022 reflects 4.45% decline YoY to 5.513 million tonnes: IAI
According to the International Aluminium Institute data, world primary aluminium production in January 2022 stood at 5.513 million tonnes, 0.36 per cent less than 5.533 million tonnes a month ago. However, the output in December was 2.10 per cent higher month-on-month from 5.419 million tonnes. On...
Alumina spot price in China plunges by RMB42/t to score at RMB3236/t, but A00 aluminium ingot price remains restrained
The average alumina spot price in China has plunged by RMB 42 per tonne to score at RMB 3,236 per tonne on Thursday, February 24, found the Shanghai Metals Market. In Shandong, alumina price has nosedived by RMB 90 per tonne to come in at RMB 3,205 per tonne, while the price in Shanxi and Henan has...
LME aluminium price escalates by US$105/t to peg at US$3,420/t; SHFE price slips by US$16/t
Three-month LME aluminium opened at US$3,285 per tonne on Tuesday morning, and gained US$13 per tonne or 0.4% to close at US$3,303 per tonne. On Tuesday, February 22, LME aluminium cash bid price had escalated by US$106 per tonne or by 3.19% to settle at US$3,419 per tonne. LME aluminium official...
Average alumina spot in China registers at RMB 3,305/t; A00 aluminium ingot price hikes by RMB 300/t
According to the Shanghai Metals Market, on Tuesday, February 22, the average alumina spot price has remained restrained to settle at US$3,305 per tonne. The price has remained the same since Wednesday, February 16. The price in provinces like Shandong and Henan has also remained constant to score...
Primary aluminium weekly recap: South32 vows for further investment in low carbon aluminium as profit mounts; Aluminium growing prices anticipate securing potential gains of VALCO
The primary aluminium segment of the global aluminium industry has remained quite eventful this week. LME aluminium cash bid price spiked by US$12 per tonne or 0.36% to close at US$3,292 per tonne on 17 th February 2022. India’s NALCO aluminium ingot price has seen a surge of INR 5,400 per tonne to...
China’s aluminium production during January 2022 falls 3.6% M-o-M to 3.204 million tonnes
According to the Shanghai Metals Market, China’s aluminium production in January (31 days) 2022 stood at 3.204 million tonnes, 3.6 per cent more month-on-month. The daily average output came in at 103,000 tonnes, up 1,000 tonnes per day from the previous month. In January, the proportion of...
Finance Ministry extends anti-dumping tariff on aluminium foil imports from China
The Finance Ministry has prolonged the anti-dumping tariff on Chinese imports of 'aluminium foil' (5.5 micron to 80 micron) until June 15. This comes after the Directorate General of Trade Remedies (DGTR) launched a sunset review inquiry against China's anti-dumping tax on "aluminium foil" (5.5...
A00 aluminium ingot price in China grows by RMB60/t to close the week at RMB22720/t; Aluminium alloy (A356) price gains RMB50/t
According to the Shanghai Metals Market, A00 aluminium ingot price has continued to grow by RMB 60 per tonne to close the week ending February 18 at RMB 22,720 per tonne. The average prices are expected to range between RMB 22,700 per tonne and RMB 22,740 per tonne, with spot contract to be traded...
Aluminium billet inventory in China slips by 2,900 tonnes to close at 264,000 tonnes
The aluminium billet inventories in China decreased by 2,900 tonnes or 1.08% week-on-week across five major consumption areas. As a result, the inventories closed at 264,000 tonnes, as of Thursday, February 17. Foshan's inventory declined the most by 8,700 tonnes or 6.45%, followed by Nanchang's...
Primary aluminium inventories in China hike by 90,000 tonnes to exceed 1 million tonnes on Feb. 17
According to the Shanghai Metals Market, social inventories of primary aluminium in China have built-up by 90,000 tonnes week-on-week across eight major consumption areas, including SHFE warrants. Data shows the inventories have thus, come in at 1.04 million tonnes as of Thursday, February 17,...
Huanghe Xinye Co., Ltd. joins ASI as new Production and Transformation member
On Tuesday, February 15, ASI welcomed Huanghe Xinye Co., Ltd. as its new production and transformation member, making the total count of ASI members to 213. The Yellow River Upstream Hydropower Development Co., LTD is a wholly-owned subsidiary of Huang Hexin Industry Co., LTD, which is also the...
