LME aluminium price eases 0.3% on September 10; stocks remain stable at 244,525/t
The London Metal Exchange (LME) aluminium price graph contracted on September 10 across cash and contracts, with longer-dated contracts reporting nearly 1 per cent decline. The aluminium opening stocks, however, remained stable. The LME aluminium cash bid price shifted from USD 3,351.5 per tonne on...
LME aluminium price chart rises further to $3,325/t; stocks remain stable
The London Metal Exchange (LME) aluminium price chart continues to record an upward trend across the pricing and contract segments on the September 8 trading session, reporting gains over the September 7 close . Opening stocks remained stable, not reporting any further decline. The LME aluminium...
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Aluminum continues to take positive cues
Aluminum ended the yesterday's trading session marginally lower by 0.06% at the LME platform as the commodity continues to take positive cues from the short term supply tightness. Aluminum stocks declined by 39,875 MT and the cancelled warrants for the commodity increased from 2345275 MT to 2502800...
Aluminum down in LME despite falling inventory
Aluminum prices had plunged by 0.8% at LME platform and settled at $1783/MT as a result of a stronger dollar. The dollar strengthened due to the increasing Global growth forecast by IMF from 3.6% to 3.7% and it weighed negatively on aluminum. Though the inventory picture of aluminum depicts...
China’s A356 aluminum alloy stocks to grow in Jan. on growing output
A356 aluminum alloy stocks in China were expected to grow in January due to growing production and sagging demand, Shanghai Metals Market has learned. Output at producers surveyed by SMM totaled 115,500 tonnes this month, up 6,000 tonnes from a month ago. Operating rates averaged 70.0%, also an...
Analyst expects mixed trend on LME aluminum
Aluminum stocks tracked by the LME have increased by 116,750 MT as per the latest available quote at the LME warehouses. --Aluminum ended yesterday’s trading session marginally higher by 0.5% at the LME platform, recovering smartly from its intraday low to close at $1782/MT . --The aluminum...
LME Aluminum stockpiles fall marginally by 22,900 MT last week
The Aluminum inventories declined marginally by 22,900 MT in the last week. However, from a broader perspective, aluminum stockpiles have increased by 116,750 MT since the month of Nov ember as per the data av ailable from the LME warehouses. --Aluminum ended Friday's trading session lower by 1.6%...
Aluminum shipments slide in US and Canada in November
Following a general improvement in volume during October, North American metals service centers’ deliveries of steel and aluminum declined significantly in November. The figures reported by the Metals Service Center Institute in its Monthly Activities Report showed double-digit declines for both...
Underperform rating on Hindalco shares
Hindalco Industries Ltd, caught in a weak global aluminium cycle, is facing headwinds in domestic operations. While commissioning of long-awaited Greenfield capacities (Utkal refinery and Mahan smelter) will aid volume growth, lack of captive coal and high capex costs will lead to losses. We remain...
Aluminum may decline to as low as $1,600 mt in the first half of 2014
Aluminum may extend declines to as low as $1,600 a metric ton in the first half of 2014 as new rules from the London Metal Exchange make more metal available, said analyst Helen Lau of UOB Kay Hian Ltd. Warehouses listed with the world’s largest metals bourse will have to release more of the...
Global unwrought aluminium stocks at 1.133mt in Nov - IAI
Global unwrought aluminium stocks totalled 1.133 million tonnes in November, up from a revised 1.098 million tonnes in October, data from the International Aluminium Institute showed on Friday. Unwrought aluminium stocks in November last year were 1.231 million tonnes, the data showed. Total...
Kaiser Aluminum: Aerospace Inventory Overhang Update & 2014 Outlook
"Previously, I turned cautious on Kaiser Aluminum (KALU) because the aerospace inventory overhang was a bigger problem than the company initially expected (see Kaiser Aluminum & The Aerospace Inventory Overhang). Since that article, Kaiser Aluminum's management team has appeared at three investor...
US LME aluminum inventory falling, but market is far from fixed
LME-registered aluminum stocks in the United States are falling apparently, down 6% so far this year to around 1.8 million metric tons, according to Reuters, the lowest since July 2009. This is all the more remarkable as global inventories have risen to new records with the market still in massive...
Aluminium down 0.1% on global cues
Taking weak cues from global markets, aluminium prices fell to INR 108.05 per kg in futures trading today as speculators offloaded their positions. Further, sluggish demand in the domestic spot markets also weighed on the metal prices. At the Multi Commodity Exchange, aluminium for December...
Aluminum declines to four - year low as global stockpiles climb
Aluminum fell to the lowest since 2009 in London as stockpiles expanded to the highest in almost four months, underscoring concern that demand will trail output of the metal used in everything from beverage cans to airplanes. Inventories tracked by the London Metal Exchange rose to 5.47 million...
Aluminum set for first monthly loss since June on supply outlook
Aluminum traded near a four-year low, heading for the first monthly decline since June amid signs that the metal will remain in oversupply. The contract for delivery in three months on the London Metal Exchange was unchanged at $1,754 a metric ton by 3:45 p.m. in Shanghai after tumbling to $1,744...
Alba’s cost-saving initiatives support SMEs in Bahrain
Aluminium Bahrain (Alba), in its continual efforts to boost organisational efficiency, has implemented numerous cost-saving strategies, which enhances the company’s productivity as well as supports Small & Medium Enterprises (SMEs) in the Kingdom. Alba’s Supply Chain Group has achieved greater...
Aluminium slides to lowest price in more than four years
Aluminium slid to its lowest level in more than four years on Wednesday as speculators piled pressure on a market already weighed down by a global surplus. Three month aluminium touched a low of $1,748 a tonne, the weakest since July 2009, and closed down 0.9 percent at $1,757. It has been one of...
Aluminium recovers after touching four-and-a-half-month lows
Aluminium steadied on Tuesday, after touching four-and-a-half-month lows the previous day, as the dollar fell, but analysts expected more losses due to an overhang of inventories and to speculators adding short positions. Copper was slightly weaker following gains in the past week that had been...
Aluminium prices to struggle due to oversupply
All-in aluminium prices will struggle despite good demand given persistent overproduction, according to a new report by Fitch Ratings. It says deconsolidation in the industry, producers moving down the cost curve, and substantial barriers to exit have worked to keep production high. Excess...
