The most-traded SHFE aluminium contract did not trade during the night session of September 24 and the daytime session of September 25. On September 24, the daytime session opened at RMB 24,230 per tonne, reached a high of RMB 24,265 per tonne and a low of RMB 24,175 per tonne, and closed at RMB 24,200 per tonne, down RMB 30 per tonne or 0.12 per cent from the previous close. Futures consolidated at highs before pulling back, with prices falling below the 5-day moving average while remaining above the 20/40/60-period moving averages. Medium and long-term moving averages maintained an upward pattern. Trading volume during the session was 98,900 lots, and open interest stood at 281,000 lots, down 8,300 lots, driven mainly by bulls closing positions. On the technical front, a death cross...
LME aluminium prices moved higher across cash and forward contracts on September 25, while the Asian Reference Price and alumina Platts price also increased. Opening stocks remained unchanged, while cancelled warrants rose sharply. The LME aluminium cash bid price rose 0.80 per cent to USD 3,253 per tonne on September 25 from USD 3,227 per tonne on September 24 . The cash offer price showed a similar trend. It also increased 0.80 per cent to USD 3,254 per tonne from USD 3,228 per tonne. Explore the production, demand and consumption forecasts of bauxite and alumina in our report: " Global Bauxite & Alumina Market Forecast to 2036: Supply–Demand, Trade Flows & Price Outlook " The three-month aluminium bid price rose 0.40 per cent to USD 3,265 per tonne from USD 3,252 per tonne, while the...
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<p>LME aluminium is in a fluctuating mode. After having risen for four consecutive days, the contract has fallen marginally by 0.29% to close at US$1,717 per tonne after Monday's night trading. According to Shanghai Metals Market's analysis it will move at lows during Asian trading hours on Tuesday, January 10, with Shanghai aluminium but will edge higher during European trading hours. LME aluminium is expected to move at US$1,710-1,730 per tonne on Tuesday. <br /><br />As on January 9, LME official cash buyer price of aluminium stands at US$1,716.5 per tonne, cash seller & settlement price is US$1,717 per tonne, 3M buyer price is US$1,705.5 per tonne, 3M seller price is US$1,706, Dec1 buyer price is US$1,755 per tonne, and Dec1 seller price is US$1,760 per tonne. The current LME...
<p>According to a Kenanga Research report, Press Metal Bhd is expected to see further earnings growth in 2017, driven primarily by the rising US dollar and stronger aluminium prices. This positive move is also supported by strong demand from Asia ex-China.<br /><br />Aluminium prices recovered about 16% over 2016, to settle at around US$1,733 a tonne. After conversion to Malaysian ringgit, aluminium prices recorded a 21% increase to settle at around RM7,775 a tonne.<br /><br />“Looking ahead, we expect 2017 US dollar aluminium prices to stabilise at the US$1,600 to US$1,800 level with an average of US$1,700/MT,” says Kenanga Research, an analytic firm, in a report last Friday.<br /><br /><img style="vertical-align: middle; display: block; margin-left: auto; margin-right:...
<p>LME Aluminium is likely to be affected by the oil futures that ended slightly higher on Friday, logging a consecutive fourth weekly gain on speculations that major producers would cut output as pledged. The contract ended at US$1,722 per tonne on Friday, marginally higher by 0.73 per cent than the previous day, and on Monday, it is expected to fluctuate during the Asian trading hours, being affected by Shanghai aluminium futures. Shanghai Metals Market (SMM) says LME aluminium will hover in the range of US$1,705-1,725 per tonne on Monday. <br /><br />As on January 6, LME official cash buyer price of aluminium stands at US$1,721.5, cash seller & settlement price is US$1,722 per tonne, 3M buyer price is US$1,711.5 per tonne, 3M seller price is US$,712 per tonne, Dec1 buyer price is...
<p>Aluminium Bahrain B.S.C. (Alba), one of the world’s leading aluminium smelters based in the Kingdom of Bahrain, achieved a record metal production of 971,420 metric tonnes per annum (mtpa) in 2016. Alba’s production figures for 2016 is the highest ever recorded, up by 1.1% YoY as compared to 960,643 mt in 2015.<br /><br />Commenting on Alba’s milestone achievement, Chief Executive Officer, Tim Murray said: <br /><br />“We are proud to be celebrating yet another record in production despite the tough market conditions. Alba has succeeded once again due to the hard work of its people, effective teamwork and commitment to operational efficiency.<br /><br /><img style="vertical-align: middle; display: block; margin-left: auto; margin-right: auto;"...
<p>We have just wrapped up 2016 and are preparing ourselves towards a productive 2017. The year has ended with a positive note for the industry as well as AlCircle. Since, we call ourselves the Virtual Aluminium Ecosystem, AlCircle’s growth story coincides with the growth of the industry. The aluminium industry has continued its growth throughout the year despite the challenging commodity market. Upstream sector is booming in Asia and the End user demand scenario is bullish in North America as well as Europe and the continuous shift of focus towards the downstream sector is expected to bring positive results in 2017. Sustainability and cost management would continue to play a significant role in the aluminium industry. LME aluminium prices are showing signs of settling down...
<p>Alcoa started 2016 on a 52-week low like any other mining companies and the stock continued with rise and fall throughout the year with the volatile commodity market. During November 2016, after the split into Alcoa Corporation and Arconic and Donald Trump’s election Alcoa saw some upward price movement. <br /><br />In 2017, commodity prices are expected to become a key performance driver for Alcoa, as the company becomes an exclusive commodity producer. Aluminium and alumina are the two commodities that would decide Alcoa’s performance in 2017.<br /><br /><img style="vertical-align: middle; display: block; margin-left: auto; margin-right: auto;" src="http://www.alcircle.com/uploads/images/portland%20alcoa.jpg" alt="News" width="517" height="226" /><br />In December, a...
<p>LME aluminium diverged from falling crude oil prices on Thursday ending marginally higher at US$1,709 from the previous day's closing. Unlike aluminium other base metals fell across the boards as one of the key indicators, crude oil price, lost its overnight surge. Crude oil futures rallied to their highest level in 18 months on Tuesday.<br /><br />Shanghai Metals Market forecast says LME aluminium will test support at US$1,700 per tonne and will hover in the range of US$1,690-1,715 per tonne on Friday.<br /><br />As on January 5, LME official cash buyer price of aluminium stands at US$1,709 per tonne, CASH Seller & Settlement price is US$1,709.5 per tonne, 3M Buyer price is US$1,701 per tonne, 3M Seller price is US$1,701.5 per tonne, DEC1 Buyer price is US$1,750 per tonne, and...
<p>Brazil’s export of unwrought aluminium in 2016 is set to reach its highest since 2013. The country exported about 300,000 tonnes of the metal during January-July, marking a rise of nine per cent over the corresponding period previous year. The higher volumes of exports, which more than offset the drop in shipments from Nippon Amazon Aluminium Co Ltd (NAAC) to Japan, can be attributed to the increased shipments from Hydro controlled Albras and Votorantim’s CBA, observed analysts. The rise in shipments has made Brazil a net aluminium exporter in 2016.</p> <p> </p> <p>{newsStudioGallery}<br /><br />The South American country exported a total volume of 317.9 thousand tonnes non-alloyed aluminium ingots in 2015, which increased 19.5 per cent year-over-year to reach an...
<p>LME aluminium dropped marginally on Wednesday to close at US$1,701 per tonne after the day's night trading. The drop, though only 0.05 per cent from the previous day's closing of US$1,702 per tonne, indicates at further short-term fluctuations within the range of US$1,675-1,695 per tonne on Thursday, December 5. Shanghai Metals Market observes, the market focus will be on the analysis of the US Federal Reserve's minutes of meeting held in December and the US’s ADP and PMI to be released on Thursday. <br /><br />As on January 4, the LME official cash buyer price of aluminium stands at US$1,700 per tonne, cash seller & settlement price is US$1,701 per tonne, 3M buyer price is US$1,688 per tonne, 3M seller price is US$1,688.5 per tonne, Dec1 buyer price is US$1,735 per tonne,...
<p>Aluminium Bahrain B.S.C. (Alba), the Bahrain-based international aluminium smelter, is the proud Gold Winner of the Green World Award 2016 for Environmental Best Practice, which endorses the Company’s long-standing commitment towards protecting the environment not only at the local level but also at the regional and international levels.<br /><br /><img style="vertical-align: middle; display: block; margin-left: auto; margin-right: auto;" src="http://www.alcircle.com/uploads/images/Alba%20CEO%20Tim%20Murray.jpg" alt="News" width="226" height="517" /><br />Alba won the Gold in the prestigious International Green Apple Awards 2015 for its project ‘Aluminium Smelter to Green Oasis’, which was then submitted for the Green World Award for 2016.<br /><br />Commenting on...
<p>Aluminium prices on India's Multi Commodity Exchange inched higher by 0.09 per cent to INR115.35 per kg in the futures market today as speculators were seen building up fresh positions amid an uptick in spot market demand. <br /><br /><img style="vertical-align: middle; display: block; margin-left: auto; margin-right: auto;" src="http://www.alcircle.com/uploads/images/Aluminium-Ingot(1).jpg" alt="News" width="517" height="226" /><br />At MCX Mumbai, official price of aluminium for delivery in January 2017 edged higher by 0.09 per cent to INR115.35 per kg, in a business turnover of 28 lots.<br /><br /><br /><br />market watchers said that participants creating fresh positions in the midst of increased demand from end user industries in the physical market, mainly influenced the rise in...
<p>LME aluminium opened weakly on the first trading day of 2017 to close at US$1,702 per tonne after Tuesday's night trading. The price drop though marginal by 0.67 per cent from the previous closing of US$1,713.5 is expected to persist over the short term. Market will see a slight economic data calendar on Wednesday. Shanghai Metals Market forecasts that LME aluminium will fluctuate within the range of US$1,680-1,700 per tonne on Wednesday. <br /><br />As on January 3, LME official Cash buyer price of aluminium stands at US$1,701 per tonne, cash seller and settle price is US$1,702 per tonne, 3M Buyer price is US$1,692.5 per tonne, 3M Seller price is US$1,693 per tonne, Dec1 Buyer price is US$1,735 per tonne, and Dec1 Seller price is US$1,740 per tonne. The current LME official...
<p>According to sources privy to quarterly pricing talks, premiums for aluminium imported into Japan during the first quarter this year are set at US$95 per ton. The sources, who spoke to Reuters on condition of anonymity, indicated that the rise in spot premiums due to production problems at Alcoa’s smelter in Portland, Australia, prompted the move.<br /><br />This increase in premiums, which is a 27 per cent increase over last quarter’s premiums, is the first increase in the last three quarters.<br /><br />“We’ve signed the deals at $95 a ton with four producers,” revealed a source from an aluminium end user.<br /><br />Another source, this one from an aluminum producer, told the media that all of his firm’s Japanese customers contracted for delivery...
<p>The aluminium futures contract traded on the Multi Commodity Exchange (MCX) continues to remain range-bound and mixed for the fourth consecutive week. The sideways consolidation in the range between INR115 and INR119 per kg remains intact. The contract is currently hovering around the lower end of this range at INR115.25.</p> <p>Whether the contract manages to sustain above INR115 or breaks below it will decide the next leg of move. Traders can stay out of the market and wait for a clear trend to emerge for taking trade positions. A bounce in the coming sessions will see the contract retaining its INR115-INR119 range for some more time. In such a scenario a rise to INR119 is possible in the coming days.</p> <p></p> <p>If the contract manages to break the range above INR119, the up move...
<p>EGA has announced that they have applied for patent for the preheating frame for anode assemblies by their in-house experts which enables safe and rapid preparation of cells for preheating and allows achieving low energy consumption after start-up.<br /> <br />For leading primary aluminium producers, such as Emirates Global Aluminium (“EGA”), a key operational focus has always been on improving safety, productivity and energy-efficiency. This quest has been a fundamental motivator for an ongoing commitment to continuous innovation at EGA and which, through substantial investments in research and development, has yielded a host of inventions and technology advances. To protect the associated intellectual property, EGA submits applications to patent its proprietary...
<p>Southland's Tiwai Point aluminium smelter which employs 800 people and brings $500 million annually to the region's economy now has an options in its power contract to terminate its contract with the power provider by giving one year’s notice. </p> <p>However, the smelter is expected to be operating despite the shutdown clause.<br /><br />The LME aluminium price has more or less stabilized recovering from constant lows and and the New Zealand dollar has dropped from unsustainable highs, which in turn is expected to help the company to break even on a daily basis.<br /><br />Once the company's results for 2016 are released in the next few months, it may give a clear indication of its future. However, it is almost certain that the plant is not going to shut down in the short...
<p>As the London Metal Exchange market resumes business today, on January 3, the first trading day of 2017, aluminium traded on the board is expected to fluctuate between US$1,680-1,700 per tonne after the closing at US$1,685 per tonne last Friday. <br /><br />Looking at the key macroeconomic indicators, regular data, including the US’s nonfarm payroll report and manufacturing PMIs, will be released on Tuesday. The market summary for 2016 will further lay the base for further trading to be conducted during the first week of the New Year. Shorts and longs are expected to invest cautiously, and base metals are expected to trade in a wide range this week, observes Shanghai Metals Market. </p> <p><img style="vertical-align: middle; display: block; margin-left: auto; margin-right: auto;"...
<p>As reported by Shanghai Metals Market (SMM), railway transportation of aluminium ingot from Northwest China will not be affected during the Chinese New Year Holiday in 2017.<br /><br /><img style="vertical-align: middle; display: block; margin-left: auto; margin-right: auto;" src="http://www.alcircle.com/uploads/images/AluminumIngot2H.jpg" alt="News" width="517" height="226" /><br />An article titled “Notice of Railway Transportation Adjustment during the 2017 Chinese New Year Holiday” triggered worries but later SMM assured that the news on railway transportation was not true.<br /><br />Last year, China’s rail transport faced a lot of challenges during the Holidays, but this year, railway transportation of aluminium ingot, coal and corn will not be affected though...
