The global aluminium extrusion market is entering a sustained growth phase, driven by construction, transportation, renewable energy and advanced manufacturing. This overview covers market structure, segmentation, cost drivers and the strategic trends expected to shape the industry through 2035....
MCX aluminium prices are entering the second half of August with supply-side risks once again becoming a key market driver. ICICI Direct expects the August aluminium futures contract to find support near INR 344 per kg and move towards INR 356 per kg. Aluminium has been through a sharp...
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SMM surveyed 44 Chinese aluminium smelters about their opinions over aluminium price outlook. About 45 per cent of them expect SHFE 1608 aluminium to fall below RMB 11,800/mt and LME aluminium below USD 1,560/mt. First, the price spread between SHFE 1606 and 1607 aluminium contracts is as big as...
Aluminium output in China will maintain growth in June due to release of restarted and new capacity, SMM predicts. The country’s operational new aluminium capacity will increase to 300,000-tpy in June. Yunnan Aluminium Co., Gansu Dongxing Aluminium, among other smelters, will restart idled...
As aluminium prices have whittled away their May gains by the beginning of June, news from a Goldman Sachs report indicates Chinese aluminium output is about to get ramped up again. Bloomberg recently reported that “with most producers in the world’s largest supplier [China] posting solid...
The US dollar index hovered at lows while crude oil prices stayed at highs. This will leave LME aluminium moving widely at USD 1,540-1,570/mt today, SMM observed in an early morning forecast. Downstream stocking ahead of the Dragon Boat Festival will support SHFE 1608 aluminium at RMB...
SMM surveyed 44 Chinese aluminum smelters about their opinions over aluminum price outlook. About 44% of them expect SHFE 1608 aluminum to fall below RMB 11,800/mt and LME aluminum below USD 1,540/mt. First, total positions of all SHFE aluminum contracts surged 34,000 lots on Monday, many of which...
Aluminum prices will probably extend losses as production in China is set to increase after a rally lifted smelters’ profits, according to Goldman Sachs Group Inc. With most producers in the world’s largest supplier posting solid margins, output growth will accelerate to 4 percent year-on-year in...
China’s alumina output in 2016 is expected to reach 61 million mt, up 5.2% from realized output of around 58 million mt in 2015, an analyst from state nonferrous information division Beijing Antaike said Tuesday. The forecast figure was also up 17.3% from the 52 million mt produced in 2014 and up...
SHFE 1607 aluminium will test support at the 60-day moving average and will move at RMB 11,900-12,050/mt today, SMM observed in an early morning forecast. LME aluminium will move at lows of USD 1,540-1,560/mt, despite crude oil breaking through USD 50/bbl. In China’s spot aluminium market, spot...
About 60 per cent of them see SHFE 1607 aluminium stabilizing at RMB 12,250-12,500/mt and LME aluminium consolidating at USD 1,530-1,550/mt. On the technical side, the 10-day moving average will offer support, while the 20-day moving average will pose resistance. Investors are rolling positions to...
Operational aluminium capacity in China will keep growing in May due to restarted and new capacity, SMM expects. SMM sees about 269,000-tpy increase in operational aluminium capacity, which will bring the country’s aluminium output to 2.6 million tonnes in May, up about 100,000 tonnes from April....
LME aluminium may consolidate in a range of $1,529-$1,559 per tonne for one or a few days before rising again. The bounce from the May 13 low of $1,531 seems to be incomplete. However, the metal may have not accumulated enough bullish momentum to bounce beyond the resistance at $1,559, the 50...
Russian aluminium giant Rusal Plc expects 2016 production to be in line with 2015, it said on Friday, after reporting signs of improvement in the market. Rusal, which last year was overtaken by China's Hongqiao as the world's biggest aluminium producer, has been hit by weak prices. It expects...
LME aluminium has found support at the 40-day and 60-day moving averages and will consolidate at USD 1,560-1,580/mt on Thursday. SHFE 1607 aluminium will range RMB 12,000-12,200/mt, with support at the 40-day moving average. In China’s spot aluminium market, spot discounts of RMB 0-20/mt and spot...
Aluminium consumption in China is set to grow by 7 to 10 per cent a year over the next five years and hit 44 million tonnes by 2020, Aluminium Corp of China Ltd (Chalco) President Ao Hong said on Tuesday. At the same event, Russian aluminium producer Rusal said it expected China's aluminium...
Alcoa's Australian partner Alumina Ltd says demand for aluminium is expected to remain strong and the company is well positioned as it looks to secure higher prices. Chief executive Peter Wasow said strong growth in demand for aluminium was expected to continue, and Alumina's Alcoa World Alumina...
The near to medium term outlook of the South-east Asian aluminium producer Press Metal Bhd (Press Metal) remains bright, driven by the increased capacity from its Samalaju Phase 3 project, observed a recent industry report. The integrated aluminium major's Phase 3 smelter in Samalaju is at the...
SHFE 1606 aluminium will struggle around the 5-day and 10-day moving averages and move at RMB 12,500-12,700/mt today, SMM said in an early morning forecast. A softer UD dollar and rising crude oil will push LME aluminium up to USD 1,640-1,670/mt. In China’s spot aluminium market, spot discounts of...
Global demand for aluminium will continue to remain strong as worldwide supply tightens. This will raise prices from seven-year lows, says Vladislav Soloviev, chief executive of Russia’s UC Rusal, the world’s second-biggest aluminium producer. Exports of processed aluminium from the People’s...
