Major aluminium producers have offered Japanese buyers premiums of USD 310-325 per tonne for primary aluminium shipments in the October-December quarter. The bar is 18-22 per cent lower than the USD 395 per tonne premium agreed for the current July-September quarter. The premium paid by Japanese...
Canada will raise tariffs on US steel and aluminium to 50 per cent from September 8 as part of a CAD 27.6 billion (USD 19.88 billion) retaliatory package, while Ottawa introduces CAD 7.5 billion (USD 5.4 billion) in support for workers and businesses affected by the trade dispute. Canada will...
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Premiums for the aluminium Ford 2015 F-150 to remain similar to the steel versions, although they are likely to change once insurance companies gain enough experience in accident repair for the redesigned pickup truck. Since the insurance companies rely on the latest data available to them to...
Aluminium settled down -1.74% at 110.05 as pressure seen after the report that Chinese buyers of primary aluminium are reluctant to book imports for the second quarter as they hold limited cash and as falling premiums prompt them to postpone purchases. While China is the world's top producer of...
Chinese buyers of primary aluminium are reluctant to book imports for the second quarter as they hold limited cash and as falling premiums prompt them to postpone purchases, traders and industry sources said. While China is the world's top producer of aluminium, some end users buy the metal abroad...
A deluge of aluminum, held as collateral in financing deals, could be released back onto global markets as surging Chinese exports of the metal cause surcharges for physical material to extend their dramatic slide. Premiums - which lurched lower for the first time last month after years of hitting...
South Korea has paid the smallest premium in more than a year to source aluminium, the results of a tender showed on Wednesday, the latest sign of intensifying pressure on premiums that is putting the operations of global producers under threat. South Korea bought 1,000 tonnes of aluminium to be...
China imported 5,216 mt of primary aluminum in January, plummeting 90.5% YoY, but soaring 3,359 mt or 180.89% MoM, customs data showed. The SHFE/LME aluminum price ratio rose above 7.0 in December from 6.7 in November, favoring imports. Moreover, falling aluminum premiums in overseas markets helped...
A major Japanese aluminium buyer has agreed to pay a producer premium of $380 per tonne for metal to be shipped in the April-June period, down from the previous quarter, a buyer source directly involved in the quarterly pricing talks said. The deal would mark an 11 percent drop from a record $425...
The London Metal Exchange (LME) announced new rules and proposals on Monday aimed at slashing delivery backlogs at its global network of warehouses twice as quickly as under current reforms. The move is part of a wide-ranging reform drive sparked by consumer complaints about long delays to obtain...
The premium aluminum buyers in Europe pay to obtain the metal had the sharpest three-month drop in at least 17 years, according to researcher Harbor Aluminum. The fee added to London Metal Exchange prices dropped to $300 a metric ton as of Thursday, with some “distressed” selling at as low as $250...
South Korea's state commodity buyer has paid a lower premium for aluminium in its latest tender, signalling a turning point for costs to obtain the metal in Asia as regional supply climbs. The drop in premiums is likely to boost headwinds for aluminium producers, who receive the delivery surcharge...
Some big aluminium producers have offered Japanese buyers a premium of $415-$425 per tonne for April-June primary metal shipments, flat to down around 2 percent from the prior quarter, three sources involved in pricing talks said on Thursday. Japan is Asia's biggest importer of the metal and the...
Premiums for aluminum in Asia are set to slip from record highs as China ramps up exports of semi-manufactured products, leaving regional producers searching for buyers for their surplus metal. Premiums, the surcharge for obtaining physical metal, have nearly doubled in the past two years outside...
U.S. drinks can maker Ball Corp agreed to buy British rival Rexam Plc in a sweetened 4.43 billion pounds ($6.9 billion) deal, creating an industry giant that can better manage capital spending and costs as aluminium premiums rise. The cash-and-stock deal would merge the world's two largest beverage...
Japan's aluminium premiums are likely to stay at a record high level of $425 per tonne throughout this year, supported by higher U.S. spot premiums and tight global supply, outside of China, Japanese trading house Sumitomo Corp said. Japan is Asia's top aluminium importer and the premiums for...
The International Aluminium Institute has declared that they would no longer report the global inventory stocks making it even more difficult to estimate the actual aluminium stocks available across the world. It is already accused that the price of aluminium is manipulated by banks and traders who...
On Monday, William Oplinger, the Chief Financial Officer of Alcoa Inc. said that the company has used an aluminium price which also includes the benchmark futures and also the regional premiums which are comparable to present level for its forecast for 2015 of $500 million. However, while...
Predicting the market conditions for the new year is always a tricky business and it becomes even more so when it is in regard to a volatile market like aluminium which has seen such ups and downs in the previous year itself. Yet industry experts are making tentative predictions about what may...
China’s uncertain economic situation is likely to hang heavy over the non-ferrous metals sector in 2015. The country is one of the largest consumers and producers of non-ferrous metals and its decision to re-balance economic growth from an investment-focused one to a consumption-oriented one has...
