Aluminium fluoride prices rise on cost support; premium for high-grade supply widens
This week, trading sentiment in China's aluminium fluoride enterprises was moderate, and aluminium fluoride prices continued to rise. As of now, SMM mainstream quotations for aluminium fluoride stand at RMB 11,500-12,300 per tonne; cryolite spot prices firmed, with SMM cryolite quotations at RMB...
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....
Grow with
AL Circle
Japan's demand for 99.9% aluminum doubles on end-user restocking
Japan's consumption of high-purity aluminum ingot above 99.9%, used for condenser production, has doubled since the end of 2012 due to end-user restocking, market sources said on Monday. Japan's shipment of capacitor-grade aluminum foil used for electronic devices stood at 2,122 mt in March,...
Century Aluminum company upgraded by TheStreet to “Hold”
The Street upgraded shares of Century Aluminum Company from a sell rating to a hold rating in a report issued on Tuesday. "Century Aluminum Company has been upgraded by The Street Ratings from sell to hold. The company's strengths can be seen in multiple areas, such as its increase in net income,...
Aluminium business dragged Rio Tinto profits down in 2012
The aluminium market deteriorated further in 2012, while the strong Australian and Canadian dollars did nothing to relieve cost pressures in the business, Rio Tinto chairman Jan du Plessis told the company's annual general meeting this morning. Mr du Plessis said these factors, coupled with high...
Aluminum trades lower in futures trade on global cues
Aluminum prices fell by 0.54 per cent to INR 101.85 per kg in futures trading today as speculators offloaded their positions on the back of weak global trend. At the Multi Commodity Exchange, aluminum for delivery in May declined by INR 0.55, or 0.54 per cent, to INR 101.85 per kg in business...
World aluminium foil packaging market to record demand of 3.82MT in 2013
Visiongain's analysis indicates that the world aluminium foil packaging market will reach a value of 3.82MT in 2013, with the majority of growth being derived from the developing markets. The global aluminium foil packaging market will exhibit solid growth over 2013-2023, and the majority of growth...
Aluminium Bahrain reports results for the first quarter of 2013
Aluminium Bahrain B.S.C has announced its financial results for the first quarter of the year 2013. Alba's sales for the first quarter of 2013 reached $498m, up by $2m from $496m in Q1 2012 due to strong physical premiums and favourable management performance despite low LME prices. The company has...
RUSAL wants cuts in global aluminium production
Skyrocketing aluminium output growth, predominantly in China, has led to a global crisis and market overheating. Prices have fallen (to $1800 per tonne), while global output shrank to a four-month low in March. The World Bureau of Metal Statistics estimated aluminium overproduction in January and...
Commissioning of new alumina capacity delayed against depressed alumina prices
Construction of some new alumina capacities in China slowed against sluggish alumina prices and production cuts at aluminum smelters. One alumina producer in Henan told SMM that it will postpone the commissioning of newly-built 600,000 mt/yr alumina capacity to August from originally scheduled...
Alcoa's potential output cuts could lead others to follow suit
Possible aluminum cutbacks Alcoa announced last week are "a potential positive" for the company and could lead other producers to follow suit, an analyst said Monday. The US aluminum major said Wednesday it plans to review 460,000 mt/year of its aluminum smelting capacity over the next 15 months...
CRU launches Aluminium Casthouse Shapes Market Outlook
CRU, independent commodity industry analysts and management consultants in the global metals, mining and fertilizer industries, has launched their Aluminium Casthouse Shapes Market Outlook, a resource for forthcoming developments in the industry. CRU's Aluminium Casthouse Shapes Market Outlook...
Shares in Shandong Nanshan Aluminium rebounded from three-year low
Shares in Shandong Nanshan Aluminum, one of China’s largest non-government-controlled makers of aluminum products, on Friday bounced back from a three-and-a-half year closing low on hopes that China’s economic growth will pick up later this year. The company fell on Thursday after it said net...
Aluminium futures up on firm global cues
Supported by a firming trend overseas and domestic demand, aluminium futures prices on Friday recovered by 1.37 per cent to INR 99.70 per kg as speculators created positions. At the Multi Commodity Exchange, aluminium for delivery in June edged higher by INR 1.35, or 1.37 per cent, to INR 99.70 per...
Century Aluminum Company rating increased to Buy at Cowen
Cowen upgraded shares of Century Aluminum Company from a hold rating to a buy rating in a report released on Tuesday. Cowen currently has $13.00 target price on the stock. “Century Aluminum announced a tentative agreement with Kenergy Corp and Big Rivers Electric Corp on the framework of a new...
Aluminium weakens 0.2% on global cues
Aluminium futures for April eased by INR 0.15, or 0.15%, to INR 100.55 per kg in 122 lots. At the Multi Commodity Exchange, the May contract fell by a similar margin to trade at INR 102.30 per kg in 71 lots. Subdued demand in the domestic spot markets also weighed on the metal prices. Market...
Aluminium weakens 0.4% on global cues
Aluminium futures for May eased by INR 0.40, or 0.39%, to INR 101.90 per kg in 150 lots. At the Multi Commodity Exchange, the April contract traded lower by INR 0.35, or 0.35%, to INR 100.05 per kg in 415 lots. Prices fell as speculators reduced their positions amod subdued domestic spot markets...
Aluminium futures weaken on global cues
Aluminium prices fell by 0.15 per cent to INR 100.55 per kg in futures trading on Tuesday, largely in tune with a weakening trend in the global markets on demand concern. Further, subdued demand in the domestic spot markets also weighed on the metal prices. At the Multi Commodity Exchange,...
Aluminium futures weaken on global cues
Aluminium prices fell by 0.39 per cent to INR101.90 per kg in futures trading today as speculators reduced their positions amid weak global cues. Further, subdued demand in the domestic spot markets also weighed on the metal prices. At the Multi Commodity Exchange, aluminium for delivery in May...
Alcoa outlook revised to negative by S&P on aluminum price drop
Alcoa Inc., the biggest U.S. aluminum producer, had its credit rating outlook revised by Standard & Poor’s Ratings Services to negative after a slump in the price of the metal. At current aluminum prices, Alcoa’s cashflow and debt are “well outside our expectations” for the company’s BBB- corporate...
