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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Aluminium Extrusion’s huge input cost slows profit
Aluminium Extrusion Industries plc’s huge input cost has slowed third quarter (Q3) profit, as the company continues to grapple with the unpredictability of the Nigeria economy, analysis of the company’s financial statement shows. For the first nine months through September 2014, the company’s...
Brazil is off to slow start in the aluminium market amidst a weakening economy
2014 has been a bad year for Brazil and things do not look much brighter in 2015 as the country still seems to be in a haze of lethargy as the end-user demands remain low and most producers holding enough stocks to sustain them through the first quarter resulting in a quiet marketplace. Buyers...
Japan’s aluminium stockpiles rise as imports rise and demand falls
Japan’s high aluminium imports and weakening demand in the domestic front and elsewhere in Asia has given rise to stockpiles held at the three important ports of Japan for the ninth straight month, hitting a record high in December. The trading house, Marubeni Corp revealed on Friday that aluminium...
China seen to shift focus from heavy metals to aluminium
There is a distinct shift noticed in the Chinese market from heavy metals to minerals that were once overlooked. The bearish outlook in core industries like iron ore and coal is largely responsible for the shift in focus. The minerals that have gained importance are bauxite – for making aluminium,...
Aluminium down by 1.3% on overseas trend
Aluminium futures prices fell 1.35% to INR 109.35 per kg today as speculators reduced positions amid a weak trend in base metals at the London Metal Exchange. At the Multi Commodity Exchange, aluminium for delivery in January lost INR 1.50 paise, or 1.35%, to INR 109.35 per kg, with a business...
China’s continued oversupply likely to boost aluminium exports
China’s aluminium market continues to be in oversupply pulling down the local aluminium prices and increasing the appeal for exporting the aluminium overseas. Traders and analysts believe that this trend is likely to continue in the coming months. The increased inflow of Chinese aluminium market...
The cancellation of coal blocks likely to raise Hindalco’s cost of production
Market analysts predicts that Hindalco Industries is likely to suffer higher production costs after the Supreme Court cancelled the four coal blocks, Mahan, Tubed, Talabira-1 and Talabira-2 allocated to the company. Hindalco had been enjoying a low average production cost, among the lowest in the...
Aluminium rebounds after hitting 7-month low on Wednesday
Aluminium rebounded from lows on Thursday as some investors bought back short positions to lock in profits, but more losses were expected for copper and zinc ahead of the new year holiday in top metals consumer China. Copper, burdened by worries about oversupply, failed to sustain a bounce from...
Aluminium futures weaken on global cues
Aluminium futures traded a shade lower at INR 113.40 per kg in futures trade today as participants reduced their exposures amidst weak global cues. Besides, sluggish demand in the domestic spot markets also weighed on the metal's price. At the Multi Commodity Exchange, aluminium for delivery in...
Speculations on the fate of aluminium in 2015
Predicting the market conditions for the new year is always a tricky business and it becomes even more so when it is in regard to a volatile market like aluminium which has seen such ups and downs in the previous year itself. Yet industry experts are making tentative predictions about what may...
Aluminium up 0.4% on spot demand, global cues
Aluminium futures were marginally up by 0.38% at INR 118 per kg today amid a rising demand at spot markets and a firming trend overseas. At the Multi Commodity Exchange, aluminium for delivery in February moved up by 45 paise, or 0.38%, to INR 118 per kg, with a business turnover of five lots....
Aluminium prices are likely to increase in 2015 say analysts
Market analysts are assuming, in 2015 the aluminium prices will build on the gains made in the past 12 months with the large-scale production cuts worldwide and the growing demand for the metal, pushing the market into a deficit after many years. The aluminium prices have been on a roller-coaster...
Fresh selling seen in Aluminium, open interest up 18.38%
Aluminium settled down -0.43% at 116.85 as pressure seen amid signs of an economic slowdown in China, the world’s largest metals consumer. The final reading this month for the manufacturing Purchasing Managers’ Index for China from HSBC Holdings Plc and Markit Economics came in at 49.6, the lowest...
China’s dubious economic conditions likely to affect the aluminium market
China’s uncertain economic situation is likely to hang heavy over the non-ferrous metals sector in 2015. The country is one of the largest consumers and producers of non-ferrous metals and its decision to re-balance economic growth from an investment-focused one to a consumption-oriented one has...
Aluminium market rises on short covering, open interest drops 15.77%
Aluminium settled up 0.21% at 117.25 in thin trading but weak demand from top consumer China and a strong US dollar could put downward pressure on prices. Growth in China's economy is expected to slow to 7 percent next year from a forecast 7.3 percent this year, in part due to weakness in global...
China aluminum semis exports rise 24.6% YoY in Nov. 2014
China exported 330,000 mt of aluminum semis in November, up 24.6% YoY. YTD exports through November totaled 3.18 million mt, up 12.2% from a year ago, customs data showed. The SHFE/LME aluminum price ratio fell to around 6.7 in October and early November, favoring exports. Extrusion exports jumped...
Aluminium bears can be vibrant in short term
The year ending is nearby and the prices of Aluminium have seen some sharp sell off, almost tarnishing the efforts of the bulls during the years. The situation during the year ending is making everyone juxtaposed for the future. The prices are crumbling as Aluminium has seen outperformances during...
Aluminium up 0.3% on global cues, spot demand
Taking positive cues from overseas markets and rising spot demand, aluminium futures prices rose by 0.30% to INR 117.35 per kg today as traders created fresh positions. At the Multi Commodity Exchange, aluminium for delivery in current month moved up by 35 paise, or 0.30%, to INR 117.35 per kg,...
