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
Rusal to Cut Aluminum Production by 7%
United Co. Rusal PLC, the world's largest aluminum producer, will cut annual output by around 7% this year, the company said Monday, paring excess global supply at a time of lackluster demand, depressed prices and rising output in China and the Persian Gulf. Rusal will maintain the lower production...
Aluminum May Extend 2013’s Drop to $1,911
Aluminum may drop to about $1,911 a metric ton if it falls below an area consisting of the 200-day moving average and a six-month uptrend, according to technical analysis by Commerzbank AG. The attached chart shows that the metal has fallen below its 200-day moving average that is currently at...
Anglesey Aluminium closes its re-melting business at the site
Anglesey Aluminium decided to close its remaining operations at the smelter. The company announced it would close its re-melt business at the site, with a loss of 60 jobs. The decision came following a meeting of the plant’s Metal Board on Thursday which came to the conclusion that the re-melt...
HARBOR expects increasing aluminum sourcing challenges in 2013
HARBOR expects the global primary aluminum market to experience in 2013 its seventh consecutive surplus (609,000 tons vs 485,000 tons in 2012 ). China should be effectively a balanced market with a surplus of only 124 ktons, while we expect the Rest of the World (RoW) to experience a surplus of 485...
China can solve the overproduction problem by exporting
The negative opinions about LME aluminium price are mainly from the prediction of the large scale low cost capacity expansion in west China and northwest China. Although we have predicted that Chinese aluminium consumption will grow 12% and supposed that 1.4 million capacities will be shutting...
Hindalco shares to improve on strong alumina outlook
Deutsche Bank has reiterated its 'buy' rating on Hindalco and maintained the target price of Rs 148, an upmove of over 39 per cent from the current market price, on improving alumina pricing outlook. According to the brokerage, spot alumina prices have moved sharply higher recently on expectations...
Kaiser Aluminum Lowered to Neutral
Kaiser Aluminum was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a research note issued on Wednesday. They currently have a $68.00 price target on the stock. Separately, analysts at Sterne Agee initiated coverage on shares of Kaiser Aluminum in a research note to...
Aluminium lowest in the Base metal market since late last year
Aluminium hit its lowest for around three months and zinc and lead racked up fresh one-month lows although copper managed to hold above last Friday’s two-month lows. China’s February HSBC flash PMI was at a four-month low of 50.4 against January’s 52.3, which had been the best for four months. But...
Chinese aluminium alloy cable market may grow fast in 5 years
With the developments of West-to-east electricity transmission project, electricity transform project and the urbanization process, the needs of cable are in a growing trend. The Report of Chinese Cable Industry Analysis said that in the next 5 years, power cable market will continue to grow at a...
LME aluminum should fluctuate between USD 2,010-2,050/mt on 27th Feb: SMM Morning Review
The US new home sales rose to 437,000 annual rate in January, beating forecasts. Besides, the US Consumer Confidence index also rebounded appreciably in February and Richmond Fed manufacturing index jumped into positive territory in February. These positive figures eased market worries. However,...
Profits of Chinese aluminium companies declined in 2012
Due to the depressed market, profits of Chinese aluminium companies declined a lot in 2012. Chinese economic situation has been steady since 2013. But market analysts don’t have positive comments. Almost all of them said that aluminium price won’t come out of bear market in 1 or 2 years. The direct...
Aluminum Falls as Commodities Slide due to euro-area debt crisis
Aluminum fell for a seventh session in London as commodities slid amid concern that the euro-area debt crisis might worsen, following an inconclusive election in Italy. The Standard & Poor’s GSCI Spot Index of 24 raw materials fell to the lowest since Jan. 17. China, the biggest aluminum consumer,...
Hulamin earnings rise to R64m despite volatile market conditions
Aluminium manufacturer Hulamin achieved a 19% increase in headline earnings to R64-million for the year ended December 31, 2012, from R54-million in 2011, during what CEO Richard Jacob described as an “up and down” year. “With rand aluminium prices remaining fairly stable, the metal price...
China's aluminium stockpiles reach new high
China's aluminium inventories reached a record high this week, caused by rapidly growing supply and weak demand in the country, China Daily reported Sunday. The country's overall aluminium stockpiles climbed to 1.25 million tonnes Monday, almost double the level during the same period late year. On...
Kaiser Aluminum Sees Aircraft Demand Fueling Growth
Kaiser Aluminum Corp. said it is benefiting from surging global demand for passenger aircraft and forecast a stronger second half, in part because of lean inventories. The Foothill Ranch, Calif., company, which emerged from bankruptcy proceedings in 2006 and makes semifinished aluminum products,...
Global Aluminium Output Declined to 3.867 Million Tonnes in January
Data from International Aluminium Institute (IAI) shows that global aluminium output in January fell to 3.867 million tonnes, 11,000 tonnes less than last month. The global aluminium output was 3.878 million tonnes in December 2012. IAI said that global aluminium output in Jan increased 211,000...
Barclays shows concern over weak numbers for Aluminium demand
On the demand side, the most recent numbers have been uninspiring for Aluminium, said Barclays in a report. In Europe, Japan and the US, data displayed sequential weakness in shipment levels into year-end, although an up -tick in regional premia in January, alongside some positive auto data in the...
Century Aluminum loss narrows on lower costs
Century Aluminum Co reported a smaller quarterly loss on Thursday as its costs fell and said it saw a modest improvement in market conditions. The Monterey, California-based company, which operates aluminum plants in the United States and Iceland, said China's economy seems to have, at minimum,...
