China continues destocking, coupled with recovering peak-season demand; aluminium prices are expected to consolidate at highs with an upward bias next week
1. Macro perspective The US-Iran conflict escalated sharply. On September 9, Iran's Revolutionary Guard struck multiple oil tankers and merchant vessels in the Strait of Hormuz, causing a significant drop in strait traffic. Brent crude broke through USD 100 per bbl, closing at USD 101.21, while WTI...
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...
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Aluminium billet inventory in China hikes by 36,500 tonnes to register at 211,600 tonnes
The aluminium billet inventories in China moved up by 34,700 tonnes week-on-week across five major consumption areas. As a result, the inventories clocked at 211,600 tonnes, as of Thursday, January 27. Inventories increased in each of the five major markets. Most of the rise came from inventories...
China’s aluminium output to fall 2.6% in January 2022 despite 530,000 tonnes of new capacity into operation: SMM
According to the Shanghai Metals Market estimates, China’s aluminium production in January 2022 will drop by 2.6 per cent year-on-year to come in at 3.19 million tonnes. The daily average output will be 103,000 tonnes, up 600 tonnes month-on-month. The proportion of aluminium liquid in smelter’s...
US aluminium plates, sheets and bars import from China grows by 31.27% Y-o-Y in October 2021
According to the US Geological Survey (USGS), the United States imported 10,200 tonnes of US aluminium plates, sheets and bars from China, showing a month-on-month descend of 4,700 per tonne or 31.54%. In September 2021, 14,900 tonnes of US aluminium plates, sheets and bars were imported from...
Average alumina spot price in China stands at RMB 3,143; A00 aluminium ingot price surges by RMB 210/t
On Thursday, January 28, the average alumina spot price in China has remained unchanged to close at RMB 3,143 per tonne, found the Shanghai Metals Market. In provinces like Shandong and Guizhou, the price has remained restrained to close at RMB 3,145 per tonne and RMB 3,020 per tonne. For the same...
World alumina production stands 4% higher M-o-M to 11.629 MT in December’21; but output in Q4 drops 1.07% Q-o-Q
The world alumina production in December 2021 stood at 11.629 million tonnes, which reflected a month-on-month growth of 3.86 per cent, found the International Aluminium Institute. In November, the output came in at 11.197 million tonnes, down by 1.37 per cent from 11.353 million tonnes in October....
China’s A00 aluminium ingot price plunges by RMB150/t to RMB21440/t; Aluminium alloy (A356) price settles at RMB23000/t
A00 aluminium ingot price in China has plunged by RMB 150 per tonne on Thursday, January 27, following a hike of RMB 420 per tonne on January 26. According to the Shanghai Metals Market, the primary aluminium ingot price has come in at RMB 21,440 per tonne, with average prices likely to range...
Taiwan-based aluminium capacitor manufacturers may witness strong Q1 in 2022
According to industry insiders, Taiwan-based aluminium electrolytic capacitors manufacturers (such as Apaq Technology, Lelon Electronics, and Taiwan Chinsan Electronic) are poised to have a very successful first quarter of 2022 despite constrained availability of upstream materials. The three...
Average alumina spot price in China hikes by RMB 14/t to close at RMB 3,129/t; A00 aluminium ingot price grows by RMB 40/t
On Tuesday, January 25, average alumina spot price in China climbed up by RMB 14 per tonne to clock at RMB 3,129 per tonne, finds the Shanghai Metals Market. In Shandong and Guangxi, the average alumina spot price has moved up by RMB 20 per tonne to stand at RMB 3,135 per tonne and RMB 3,050 per...
Gränges achieves second ASI certification for its casting and rolling facility in Shanghai
The Aluminium Stewardship Initiative has certified Gränges’ casting and rolling facility in Shanghai, China, against its Chain of Custody Standard Certification. This makes the world-renowned aluminium technology company achieve the second ASI certification. In July 2019, Gränges facility, which...
World primary aluminium production in 4Q2021 drops 0.50% Y-o-Y, but output in entire year hikes 3.1% to 67.343 MT
With the end of the year 2021, the International Aluminium Institute data shows the world primary aluminium production in December stood at 5.622 million tonnes. That was an increase of 3.61 per cent month-on-month from 5.426 million tonnes. In October, the world primary aluminium production was at...
Aluminium billet inventory in China escalates by 36,500 tonnes to peg at 176,900 tonnes
The aluminium billet inventories in China escalated by 36,500 tonnes week-on-week across five major consumption areas. As a result, the inventories registered at 176,900 tonnes, as of Thursday, January 20. Except for Huzhou, all of the other four markets had increases in inventories. The majority...
Primary aluminium inventories inch up by 2,000 tonnes to 726,000 tonnes on January 20
According to the Shanghai Metals Market, social inventories of primary aluminium in China have gained 2,000 tonnes this week ending January 20, 2022, across eight major consumption areas, including SHFE warrants. Therefore, the inventories have come in at 726,000 tonnes, compared to 724,000 tonnes...
Denmark’s import of aluminium stranded wire during 2019-21 exhibits volatile movement; 25% dip estimated for 2022
Aluminium stranded wire has the deficient resistance empowering long fences to be powered up, diminishing the number of energizers required. The flexibility feature offered by the stranded aluminium wire makes working with this wire easier during installation and upshots in a neat clean look on the...
China’s average alumina spot price hikes by RMB53/t to settle at RMB3060/t; A00 aluminium ingot price plunges by RMB270/t
The average alumina spot price in China has hiked for the ninth day in a row by RMB 53 per tonne to stand at RMB 3,060 per tonne, found the Shanghai Metals Market. In Henan and Guizhou, alumina spot price has surged by RMB 60 per tonne to close at RMB 3,085 per tonne and RMB 2,950 per tonne, while...
ASI certifies Lizhong Sitong Light Alloys Group against Performance Standard Certification
The Lizhong Sitong Light Alloys Group Co., Ltd. factory in Baoding City, Hebei Province, China, has received Aluminium Stewardship Initiative (ASI) Performance Standard accreditation for the design and manufacturing of alloys, metal additives, and fluxes. The company makes aluminium alloy sheet,...
China’s 2021 aluminium imports grow record high to 3.2 million tonnes, shows General Administration of Customs
Even amidst the downfall in China’s aluminium imports in December 2021, snapping three monthly gains, the country’s total imports throughout the year stood strong enough to mark record shipments in 2021. China, the world’s biggest aluminium producer and consumer, imported 3.2 million tonnes of...
China’s alumina spot price continues to surge by RMB73/t to RMB2972/t; A00 aluminium ingot price hikes by RMB130/t
The average alumina spot price in China has surged for the second day in a row by RMB 73 per tonne to come in at RMB 2,972 per tonne as of Tuesday, January 18. In Henan and Shanxi, the price has soared by RMB 85 per tonne to settle at RMB 2,995 per tonne. The average prices are expected to range...
China’s aluminium output hikes by 4.8% to touch annual record high in 2021 even amid power restrictions
China's annual aluminium output increased by 4.8% from the previous year to a new high of 38.5 million tonnes in 2021, according to government statistics released on Monday, despite energy consumption restrictions set last year to fulfil climate targets. The National Bureau of Statistics (NBS)...
