Aluminium prices drift higher as September peak season operations recover amid low inventory
Futures: The most-traded SHFE aluminium contract opened at RMB 24,400 per tonne in the night session on September 7, reached a high of RMB 24,470 per tonne and a low of RMB 24,335 per tonne, and closed at RMB 24,450 per tonne, up 30 from the previous close, a gain of 0.12 per cent. Prices traded...
Macro disturbances cap upside room, while destocking continues to support aluminium price stabilisation
Futures: The most-traded SHFE aluminium contract opened at RMB 24,240 per tonne in the night session on September 4, with a high of RMB 24,355 per tonne, a low of RMB 24,220 per tonne, and a close of RMB 24,320 per tonne, up 0.12 per cent from the previous close. Futures stabilised and rebounded,...
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Nanshan Aluminium’s Casting Technique Wins Patent
Casting technique for aluminum slab ingot of Nanshan Aluminium Co.Ltd has successfully passed examination of State Intellectual Property Office and won the national invention patent. This casting technique has various advantages such as easy operation, resource saving, safety and efficiency, low...
UK secondary aluminium prices down as support from LME and Europe falls away
UK secondary aluminium ingot fell on Wednesday as falling primary prices on the London Metal Exchange saw raw material prices dip, and the weak euro kept business into the continent uncompetitive. LM24 pressure diecasting ingot fell to £1,580-1,670 ($2,465-2,605) per tonne from £1,610-1,680...
NALCO issues 9000 tonnes aluminium ingots export tender
India's state run National Aluminium Company Limited has issued a tender to export 9,000 tonnes of aluminium ingots. Mr Ansuman Das commercial director of Nalco said that the last date for submission of bids is Sept. 28. The metal would be shipped in 6 batches of 1,500 tonnes each from October to...
North American aluminum demand rises 6% through July: association
Preliminary estimates indicate that aluminum demand in the US and Canada -- shipments by domestic producers plus imports -- totaled an estimated 12.317 billion lb during the first seven months of 2011, 6% above the same period of 2010, according to the Aluminum Association. Demand for...
European secondary aluminium slips on economic fears
European secondary aluminium prices fell on Friday as the market felt the impact of the economic turmoil, but prices were relatively stable when compared to the large swings seen in other markets. DIN226 pressure diecasting ingot dipped to €1,800-1,880 ($2,432-2,540) per tonne,down from...
UK secondary aluminium prices widen as fears linger
UK secondary aluminium ingot prices widened on Wednesday in a market that is, like any other in the region, under the shadow of the economic turmoil within the eurozone. UK secondary aluminium ingot prices widened on Wednesday in a market that is, like any other in the region, under the shadow of...
Base metals weaken on lower global trend, reduced offtake
Base metal turned weak and prices declined up to Rs 5 per kg on the local non-ferrous metal market today due to reduced industrial demand amid weakening global trend. Quotations in Rs per kg: aluminium ingots 112,aluminium wire scrap 112 and aluminium utensils scrap 109.
PSU maker ENG Electronic cuts into aluminum material supply industry
Power supply unit (PSU) maker ENG Electronic has recently cut into the aluminum material supply industry and will start shipping aluminum materials and ingots to chassis makers such as Ju Teng, Catcher Technology and Foxconn Technology, and indirectly cut into Apple's supply chain, according to...
Huaze Aluminium Carries Out “Quality Month” Activity
Under the request of the government and Chinalco, Huaze Aluminium&Power Co.,Ltd carried out the 2011 “Quality Month” activity in depth. The company aims at improving the quality of its products and working process, promoting its whole competitiveness and realizing its annual business objective. The...
SMM Daily Review - 2011/9/5 Aluminum Market
Morning trading prices of spot aluminum in Shanghai were between RMB 17,780-17,820/mt, with premiums of positive RMB 70-100/mt over SHFE current-month aluminum prices. Though goods holders were unwilling to sell at lower prices and most kept quotes firm at RMB 17,800/mt, lower priced supplies were...
Nalco Chairman & MD on Metal prices
"Last two days the metal price is recovering. We feel that next two to three months it will range between $2,300-2,500 per tonne. Yesterday it was $2,400," Bagra told Reuters. The basic price of standard aluminium ingots after the latest revision has been increased to 139,700 rupees per tonne....
Base metals weakens on global cues
Base metals traded lower by up to Rs 2 in a lacklustre trade in the local non-ferrous metal market on selling by stockists influenced by a weakening global trend. Following were today's quotations in Rs per kg:Aluminium ingots 112, sheet cutting 113, aluminium wire scrap 112 and aluminium utensils...
UK secondary aluminium prices stable on continental demand
UK secondary aluminium ingot prices were stable on Wednesday as continental European demand continued to prop up volumes and prices even as some in the market are yet to return from the summer holiday period.
India's NALCO issues 7,500 T aluminium exports tender-source
India's state-run National Aluminium Co Ltd (NALCO) has issued a tender to export 7,500 tonnes of aluminium ingots, a senior company official said on Tuesday. The last date for submission of bids is Sept. 6, the official, who is familiar with the process but could not be named due to company...
SMM Aluminum Survey: Cargo-holders Actively Tout Goods on Capital Pressure
The SMM China Aluminum Ingot Trade Index trimmed previous week gains by 5.6% during August 22nd – August 26th to 37.2%, still below the balance line of 50% with downward pressure surging. SMM spot aluminum price stagnated at RMB 17,750/mt during the period. Due to seasonal low-demand, capital...
South China Aluminum: Spot Prices Hit RMB 18,000, Transactions Rare
Spot aluminum prices in south China hit RMB 18,000/mt after most active SHFE aluminum contract prices climbed and broke through the 60-day moving average. However, mainstream trading prices gradually fell to RMB 17,960-18,000/mt later due to month-end weak consumption. Only low-iron aluminum was...
South Korea PPS buys metals for October
South Korea has bought a total of 2,000 tonnes of high grade primary aluminum ingot for October shipping via tenders closed last week.
SMM Aluminum Survey: Price Fluctuation Narrows, Buyers Wait for Chances
The SMM China Aluminum Ingot Trade Index slightly rebounded to 42.8%, up by 6.3% from previous week during August 15th to August 19th, but was still below the balance line of 50%. Domestic aluminum prices fluctuated in gradually narrowing ranges during the week. Though market trend was still...
