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...
Aluminium tariffs, not Trump’s alcohol ban, are the bigger threat to BC brewers
The escalating US-Canada trade conflict is putting pressure on the US alcohol industry from two directions. The BC wine and beer industry is facing fresh uncertainty as the US President Donald Trump proposed to block most Canadian alcoholic beverage imports from September 29, 2026. While British...
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North American estimated aluminum demand up 2.9% YTD in February
Preliminary estimates indicate that aluminum demand in the United States and Canada (shipments by domestic producers plus imports) totaled an estimated 4,133 million pounds during the first two months of 2015, up 2.9 percent over a year ago. Demand for semi-fabricated (mill) products totaled 2,900...
China aluminum semis exports rose 23.08% MoM in March
China exported 300,000 mt of aluminum semis in March, down 6.25% YoY and 23.08% MoM, customs data showed. The SHFE/LME aluminum price drifted higher, unfavorable for aluminum semis exports. Moreover, falling overseas aluminum premiums made Chinese aluminum semis less attractive, another drag on...
LME moves to cut warehouse queues faster
New measures to increase the amount of metal withdrawn from warehouses, relative to material brought in, will help to reduce queues faster at London Metal Exchange (LME) registered warehouses, the exchange said on Monday. The LME, the world's oldest and biggest market for industrial metals which is...
Aluminum falls most in 10 weeks as China signals higher exports
Aluminum fell the most in two months on concern more exports from China of products made from the metal will exacerbate a global glut. China plans to scrap a 15 percent export tax on rods and strips made from primary aluminum effective May 1. The move may send world prices lower amid ample supplies...
Press Metal likely to survive the supply glut effectively: say sources
Press Metal has not been having the best phase and the situation is threatening to get worse as China abolishes its export duty on non-alloyed and alloyed aluminium rods and bars starting next month. The company however seems undeterred as a close source to the company says, “We should be okay. We...
Market flooded with non-standard aluminium shapes due to "cherry-picking'
Much of the aluminum currently available in the United States is of shapes and profiles that are less than ideal for U.S. fabricators, prompting traders to sell it at discounts and raising concerns about the availability of standard shapes. A high physical premium has attracted imports from abroad,...
Scraping China export taxes may worsen aluminium oversupply problem
China is already infamous for its excess production of aluminium causing a global oversupply hampering the aluminium prices. Now as they announce scraping the export taxes on some products, they may worsen the situation even further. While the world aluminium producers hurried to cut production to...
Aluminium falls in China with other major metals as manufacturing shrinks
Aluminum fell the most in almost a month as most industrial metals retreated after a gauge of manufacturing strength slid to a 12-month low in China, the world’s biggest consumer. Aluminum lost as much as 1.2 percent, the biggest drop since March 27. HSBC Holdings Plc and Markit Economics’...
Aluminium market rises on short covering, open interest drops 6.06%
Aluminium settled flat as the US offered a mixed bag of economic data. US inflation data were basically in line with market expectations, but the Conference Board’s Leading Economic Index missed forecasts. Michigan University’s consumer confidence index was positive. Meanwhile, production of...
Key factors that may drive India Aluminium sector in FY16
The latest report by India Ratings(Ind-Ra) says the operating profitability of domestic aluminium players will remain stable in FY16. The agency expects the rupee-dollar exchange rate to marginally weaken and hover around INR63/USD, helping export sales realisation. The on-going coal blocks...
China aluminium surplus to eat away global deficit: Russell
China's exports of aluminium products have continued to surge, a trend that if continued may push the rest of the world toward a surplus. China's exports of primary, alloy and semi-finished aluminium grew by around 43 percent in the first quarter over the same period last year, according to...
Japan aluminium stocks rise to record high for12th month
Aluminium stocks held at three major Japanese ports climbed for a 12th month to hit a record high at the end of March due to high level of imports and slow housing sector demand. The increase came as a surpise as Japanese buyers have reduced purchase volumes of January-March deliveries and some...
China’s aluminium exports peak
Aluminium shipments from China, which climbed 43 percent in the first quarter, have probably peaked in the near term as the country’s sustained production dragged down prices, according to CLSA Ltd. Exports of unwrought aluminium and aluminium products rose from a year earlier to 1.21 million...
Ess Dee Aluminium zooms over 100% in six days
Shares of Ess Dee Aluminium have moved higher by 7% to INR 252, extending its past five day’s rally on the bourses, despite clarification by the company that the rise of its share price is unexpected and unwarranted. In past six trading sessions, the stock zoomed 105% from INR 123 on March 31, on...
Hindalco falls as aluminum giant Alcoa misses estimates
Shares of Hindalco Industries slipped nearly 2 per cent to hit intraday low of INR 137.35 after global aluminum giant Alcoa Inc's first quarter earnings missed expectations. Alcoa's earnings missed estimates. However, the commentary for auto continues to remain positive as it expects global...
China holds all the cards in aluminium
Global aluminium consumption in 2014 rose by 9% and not 7% that Alcoa Inc, the biggest US producer, had earlier estimated. China was the chief culprit for this gap as its actual consumption was higher by 1.3 million tonnes (mt). In 2015, the global aluminium consumption is expected to increase by...
Noranda Aluminum Holding Corporation discloses insider transaction
Noranda Aluminum Holding Corporation, Rolfe Ronald S, Director of Noranda Aluminum Holding CORP had purchased 086 shares on March 26, 2015 in a transaction. The price per share was $3.04 and the total amount of the disclosed transaction was $261.The Insider information was disclosed with the...
Aluminium gains by 0.4% on global cues
Aluminium prices gained 0.41% to INR 111.55 per kg in futures trade as speculators enlarged positions amid positive cues from global markets. Besides, increased demand at domestic spot markets influenced prices. At the Multi Commodity Exchange, aluminium for delivery in April rose by 45 paise, or...
