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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LME aluminum will fall to $ 1,550-1,580 per tonne this week, Shanghai Metals Market foresees. Expectations are running that that Chinese aluminum semis will flood into overseas market after Chinese yuan depreciated. This, combined with strong resistance at moving averages, will pressure LME...
Goldman Sachs Group Inc. reduced its aluminum price forecasts by at least 21 percent from 2016 through 2018 because of a global surplus. The bank cuts its predictions to $1,525 a metric ton in 2016, to $1,625 in 2017 and to $1,700 in 2018 from $1,925, $2,100 and $2,200 as it projected a glut of...
Demand for aluminium has gradually picked up in China along with improved domestic macro-economy. Especially in domestic real estate market, the sales volume and selling price of apartment and house have rebounded. Domestic aluminium price has declined significantly. There is an expectation that...
LME aluminum will fall to $ 1,630-1,660 per tonne next week, Shanghai Metals Market foresees. Expectations for US interest rate hike will keep the US dollar index elevated, thus pressuring LME aluminum. Selling pressure at highs and tumbling Chinese stock market will send SHFE 1510 aluminum...
Mr. Satish Pai is the Deputy Managing Director and CEO of the Aluminum Business, India, Hindalco Industries. Mr. Pai is responsible for setting strategic vision for the Aluminum business of Hindalco in India. He also provides operational leadership in order to build sustainable competitive...
LME aluminium is headed for further decline. It will fall to $ 1,620-1,660 per tonne next week, foresees Shanghai Metals Market. Given the negative technical indicators and strong bearishness in commodity market there is no possibility that the metal will rebound in the short term. But the downside...
Speculations about production cuts in Chinese smelters and high selling pressure are all set to drive LME aluminum prices to $ 1, 700 – 1,740 per tonne next week, says Shanghai Metals Market. Prime trading indicators- KDJ and MACD are both pointing upwards. A Strong US dollar, however, is likely to...
China's production of aluminiumr rose 3.3 percent from the previous month in June. New capacity continued to drive up production of primary aluminium to a fresh record of 2.76 million tons in June. In the first half, aluminium output jumped 11.7 percent from a year ago to 15.6 million tonnes. More...
Alcoa Inc.’s revised outlook for aluminium in 2015 comes close on the heels of a sharp fall in metal prices. Aluminium on the London Metal Exchange (LME) has fallen 15.3% since a year ago and by 6% since 1 June. Alcoa’s results for the June quarter reflect the impact of falling prices, although the...
LME aluminum will rise to $ 1,670-1,710 per tonne next week, Shanghai Metals Market foresees. The price rise will be driven by positive technical side, easing Greek debt crisis and impressive rally of Chinese stock market. SHFE 1509 aluminum contract will face upward correction after sharp fall,...
Alcoa Inc., the largest U.S. aluminum producer, more than doubled its estimate for the global supply surplus this year amid increasing output from China. Supply will exceed demand by 762,000 metric tons, the company said Wednesday in its second-quarter earnings presentation. That’s up from an April...
Alcoa’s strategy to build its innovative value-add portfolio, both organically and inorganically, remained on course in the second quarter. And the company continues to project steady growth in 2015 across the majority of its end markets. In the aerospace sector, the Company expects global sales...
Deutsche Bank’s downside risk case for aluminum has come to pass. Sharply falling premiums have not been offset by a rising LME price, which has also fallen. The all in aluminum price has fallen by 21% year to date, exacerbated by less than inspiring Chinese macro data and the uncertainty of a...
The outlook for aluminium is looking severely pressured for the next few years as excess capacity in China shows no sign of easing, resulting in a more downbeat outlook for Australian-listed miners Rio Tinto, South32 and Alumina. Last week, Macquarie took the knife to its aluminium price forecasts...
LME aluminum will rebound to $ 1,710-1,750 per tonne next week, Shanghai Metals Market foresees. KDJ and MACD indicators have sent positive signals. Greek debt crisis has eased. A poll before the referendum showed that there is a good chance for Greece to stay in the euro zone. These will offer...
China is unlikely to relax its tariff policy on the export of raw aluminum, according to United Company Rusal Plc. Rusal chief executive Vladislav Soloviev said China wants to discourage the export of raw aluminum but has reduced tariffs on value-added downstream products of the metal, the Hong...
China’s bauxite imports will rebound from May’s decline, driven by growing demand and low input stocks, Shanghai Metals Market predicts. Bauxite demand will grow, due to expansion at Shandong Weiqiao Pioneering Group, upcoming restart of 500,000-tpy alumina project at Shandong Lubei Chemical, and...
The aluminium market is unlikely to see enough producer cutbacks to reduce oversupply in coming months as currency benefits and cheaper inputs have allowed most smelters to stay out of the red. That means the price of the lightweight metal used in transport and packaging may be drawn still lower...
