Macro rate hike expectations bring periodic pressure, while destocking in China provides solid bottom support
Futures: The most-traded SHFE aluminium contract opened at RMB 24,310 per tonne in the night session on September 10, reached a high of RMB 24,310 per tonne and a low of RMB 24,075 per tonne, and closed at RMB 24,125 per tonne, down RMB 365 per tonne or 1.49 per cent from the previous close....
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...
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<em>Aluminum</em> Holding up as Physical Supply is Tighter than Massive <b>...</b>
Oct 12, 2009 ... According to a Reuters article, primary aluminum consumption is running at 38.3m tons ... nervous banks and a depressed aluminum price . ...
Japan Al stocks rise as <em>demand</em> recovery falters - Metal Bulletin
Sep 14, 2009 ... Japans aluminium inventory rose in August for the first time since February as the pace of demand recovery faltered and domestic shipments fell.
<em>Aluminum Prices</em> Up as Stocks and Production Both Increase
Mar 30, 2009 ... Primary aluminum and aluminum alloy net imports were 13000 tons in ... Logic says the stocks must eventually come down or the price must ...
UPDATE 3-Japan <em>aluminium</em> stocks hit record low in July <b>...</b>
Aug 12, 2009 ... In May, Australia's Alumina Ltd (AWC.AX) forecast a further 7 percent contraction in aluminium demand this year, with most of the decline ...
China Holds 600000 Tons of <em>Aluminum</em>, Triple Known Inventory <b>...</b>
Aug 26, 2009 ... ???It would take three years to turn China's aluminum market from a surplus to a deficit, along with an economic recovery and demand ...
Alcoa sees weak 2009 <em>aluminum</em> demand | Reuters
Apr 8, 2009 ... but it continues to project weak global demand for. ... Alcoa's end markets and current high primary aluminum inventory levels leading ...
UPDATE 1-Chalco: China private <em>aluminium</em> stocks up to 600000 T <b>...</b>
Aug 26, 2009 ... Chalco expects China to produce 13.2 million tonnes of primary aluminium this year, above consumption of 12.85 million tonnes, ...
ANALYSIS-Record LME <em>aluminium</em> stocks can't restrain price rise <b>...</b>
Jul 22, 2009 ... Japanese primary aluminium consumers last month agreed to a 30 percent hike in premiums for the current quarter. ...
Steel Guru : Fortune Minerals to locate NICO hydrometallurgical <b>...</b>
Aug 4, 2009 ... Aluminum stockpiles in Shanghai rise to highest in 5 months ... Conversely, the downstream hydrometallurgical part of the process plant ...
Record LME <em>aluminium</em> stocks can't restrain <em>price</em> rise | Stocks <b>...</b>
Jul 22, 2009 ... Japanese primary aluminium consumers last month agreed to a 30 percent ... producers needed cash and three-month aluminium prices at the end ...
June '09 World <em>Aluminum</em> Stocks Dn 192000 Tons On Month-China <b>...</b>
Jul 28, 2009 ... NOTE: The data included in this IAI Statistical Report have been derived exclusively from returns by the primary aluminum producers ...
Steel Guru : Ivanhoe to reopen talks with Mongolia on July 27
Jul 25, 2009 ... Ivanhoe says Mongolia project sold USD 3.5 million of coal. Metals News. 0blt1. Aluminum inventories of US in June down by 39.1pct YoY ...
Alcoa sees weak 2009 <em>aluminum demand</em> | Markets | Hot Stocks | Reuters
Apr 8, 2009 ... in Alcoa's end markets and current high primary aluminum inventory levels leading ... World aluminium demand to fall further 7% -Alumina ...
Steel Guru : LME copper Inventory may turn upward
Jul 10, 2009 ... Aurubis CEO says copper product demand recovers ... On the same day, LME primary aluminium inventory exceeded 4.4 million tonnes in the ...
Steel Guru : Toyama port <em>aluminium</em> stocks fall by 28% MoM on <b>...</b>
Jun 16, 2009 ... Platts reported that stocks of primary aluminium products stored at Toyama port in ... The Toyama port stocks of primary aluminium ingot, ...
***CNA <em>ALUMINA</em> CONF: Al prices will rise despite surplus <b>...</b>
Jul 17, 2009 ... His comments at Chinaccm's 4th China Alumina Market Forum in Xiamen go against the widespread feeling that China has too much inventory and ...
<em>Aluminium</em> stocks at Japan's Toyama port fall 28% on Russian cuts
Jun 15, 2009 ... Stocks of primary aluminium products stored at Toyama port in central Japan were down 28% month on month to 9552 mt end May, due to a fall ...
