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 prices fall as Chinese aluminium product export rises
On Monday, the aluminium prices were on a decline due to the heavy aluminium product exports from China. The three-month-aluminium slipped by 1.05% at the LME taking the price to $2,033.50 a tonne. The volume was also heaviest on the LME at nearly 16,500 lots. Over the weekend it was seen that the...
Aluminium trades at lower level on global cues, low spot demand
Aluminium prices fell 0.40 per cent to INR125.65 per kg in futures trading today as speculators reduced exposure amid weak global trend. At the Multi Commodity Exchange, aluminium for delivery in December declined by 50 paise, or 0.40 per cent, to INR 125.65 per kg in business turnover of 27 lots....
UC RUSAL announces positive results for the three and nine months ended 30 September 2014
UC RUSAL, a leading global aluminium producer, announces its results for the three and nine months ended 30 September 2014. Commenting on the third quarter results, Oleg Deripaska, CEO of RUSAL said: “In the third quarter of 2014 the situation in the aluminium market continued to improve resulting...
Alba Q3 Results surge ahead of expectations
Q3 2014 Industry Highlights: • World consumption up by 8% year-on-year (YoY) while world production up by 6% YoY. Asian demand up by 11% YoY propelled mainly by a robust growth in China (+14% YoY) on the back of government stimulus and infrastructure investment. Consumption in North America remains...
Statistics Q3 2014: Aluminium foil demand remains stable
Results issued by EAFA, the European Aluminium Foil Association, for the first nine months of 2014 reflect continued sluggish demand in European markets of aluminium foil. But these have been more than offset by the continued strong recovery in export deliveries, resulting in overall sales of...
Aluminium dips on producer selling, others mixed before U.S. data
Aluminium dipped on Friday as producers and trade houses sold while the wider base metals complex was mixed ahead of key U.S. jobs data that could move the dollar. Three-month aluminium on the London Metal Exchange fell 0.9 percent to a session low of $2,056.75 a tonne, but pared losses to stand at...
Downward pressure looming in Chinese aluminum market
Aluminum market proves strong amid the bearish commodity market, with LME aluminum hitting $2,078 per tonne in early week. The rising momentum in LME aluminum market mainly comes from supply tightness, continuous declines in inventories, and rising backwardation, one local media reported today. The...
China aluminum imports plunge 90.04% YoY in Sept. 2014
China’s primary aluminum imports slumped 90.04% YoY and 36.47% MoM to 5,400 mt in September, according to China Customs. YTD imports through September grew 23.05% YoY to 255,100 mt, though. The SHFE/LME aluminum price ratio was low at 6.9 for most of August, unfavorable for imports. Besides, rising...
China aluminum semis exports rise to 340,000 mt in Sept. 2014
China exported 340,000 mt of aluminum semis in September, up 25.93% YoY and 6.25% MoM, customs data showed. Exports during January-September totaled 2.52 million mt, also up 9.57%. Extrusion exports soared 93.02% YoY to 96,000 mt in September. Exports of plate/sheet and strip also increased 9.21%...
Aluminum outperforms despite strong dollar and growing risks
Aluminum is expected to prove resistant to declines, and may rally this week, Shanghai Metals Market’s Xue foresees. A slew of risky events are going to be released this week, and the results are believed to put a downward pressure on base metals market, in addition to a strong dollar. “Aluminum,...
Hindalco to revive its QIP plans
Hindalco Industries Ltd. limited is supposedly going ahead with their plan of raising funds by selling shares to institutional investors, said bank sources who are dealing directly with the case. Hindalco had planned to initiate the qualified institutional placement (QIP) issue long back but...
Rusal predicts flat aluminum market for next 3 years
A recent report by Reuters quoted comments from UC Rusal Deputy Chief Executive Oleg Mukhamedshin at London Metal Exchange Week saying the world’s largest producer did not intend to bring any idled production back onstream for the next 3 years and expected its production to remain flat for the...
Aluminium futures contact on MCX recovers in the last two weeks
The aluminium futures contract traded on the Multi Commodity Exchange (MCX) has recovered smartly in the last two weeks. The corrective fall from the August high of INR129 per kg found a bottom at INR116 in early October. The rally from this low signals the beginning of a new leg of the up-move for...
China Aluminum Extrusion Market Prospects Brightened by Transportation Sector
Construction aluminum extruders in Nanhai – China’s top aluminum extrusion production region – are shifting to industrial and decorative aluminum extrusion to capitalize on great demand potential in those two segments, Southcn.com reported on October 28. Construction aluminum accounts for about 70%...
Floor seen in Century Aluminum
Century Aluminum reports earnings tomorrow afternoon, and one trader apparently believes that declines will be limited through next spring. optionMONSTER's tracking systems yesterday detected the sale of 2,000 March 22 puts for $1.45, below the bid price at the time. This is clearly a new position,...
The debate between aluminium surplus and aluminium deficit: LME seminar
At the London Metal Exchange seminar two distinct and diametrically opposite opinions came forth regarding the global aluminium situation – whether it is in deficit or surplus? Nic Brown of Natixis claimed that the market was in deficit which is expected grow wider in the next two three years....
AMMG releases update on High Purity Alumina (HPA) Market
Highlights • Global HPA market estimated at 19,040tpa in 2014 with increase to 48,230tpa anticipated by 2018 • Market growth forecast at a CAGR of approximately 28% • Asia Pacific region HPA market share 70% • Asia Pacific potential location for AMMG’s HPA plant – best geographic position to...
Aluminum retreats as European factory output seen contracting
Aluminum fell for first time in five days before a gauge that may show euro-area factory output contracted for the first time in 15 months and after a similar manufacturing report on China beat estimates. The metal retreated as much as 0.7 percent in London after closing yesterday at the highest...
