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....
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Aluminum Shipments by Japan Decrease 2.5% in September
Japan’s shipments of rolled-aluminum products dropped 2.5 percent in September, the second month of decline, an industry group said today. Supplies to domestic and export markets decreased to 158,835 metric tons last month from 162,913 tons a year earlier, the Japan Aluminium Association said in a...
NALCO hits 52-week low post poor results
National Aluminium Company (NALCO) has come out with its Q2FY13 results. The comapny's net profit was down at Rs 4.8 crore versus Rs 139 crore, YoY. Its net sales were up at Rs 1586 crore versus Rs 1584 crore, YoY. The profit was lower due to hike in price of input materials. At 09:28 hrs National...
Global average daily aluminum output up slightly month on month in Sep: IAI
World primary aluminum output averaged 67,000 mt/day in September, up from 66,900 mt/day in August, but down from 70,800 mt/day in September 2011, according to data released Monday by the International Aluminium Institute. Total production in September (30 days) was 2.009 million mt, down from...
Norsk Hydro sees tough market extending through 2013
Norsk Hydro ASA sees another tough year in aluminium markets, and with economic uncertainty and low metals prices any improvement in its results has to come from its own cost-cutting efforts. The Norwegian group swung to a net loss in the seasonally weak third quarter, weighed down by depressed...
Markets for Aluminium Foil, Aluminium Pipes and Tubes & Wire Analyzed in New Market Research Reports
ReportsnReports.com adds new market research reports and multiple geographic report packages for the aluminium foil industry, aluminium pipes and tubes as well as aluminium wire sector. Dallas, Texas (PRWEB) October 18, 2012 These market research report packages offer a perspective on the actual...
Aluminium futures rise on global cues, spot demand
Tracking a firming trend in base metals in the global markets and rising spot market demand, aluminium prices edged up by 0.72 per cent to Rs 105.15 per kg at futures market. At the Multi Commodity Exchange, aluminium for delivery in October shot-up by 75 paise, or 0.72 per cent, to Rs 105.15 per...
LME WEEK-Aluminium seen $1,950/T on average in 2013-Chinalco exec
Abundant stocks of aluminium and lukewarm demand in the global market may cap prices on the London Metal Exchange at about $1,950 per tonne on average next year from just above $2,000 expected this year, a senior Chinalco official said. Yang Xiaowu, director of futures department at Aluminum...
East China Aluminum: Spot Trading Thin on Low Buying Interest
Spot aluminum was mainly traded between RMB 15,280-15,300/mt in Shanghai on Wednesday, with discounts between RMB 80-100/mt. Low-iron aluminum was traded between RMB 15,350-15,360/mt. The SHFE 1212 aluminum contract was mired, dampening sentiment in spot aluminum market. Mainstream traded prices...
South China Aluminum: Spot Trading Remains Slack on Sluggish Consumption
The SHFE 1212 aluminum contract was mired on Wednesday, without upward momentum to rebound. Downstream producers purchased on an as-needed basis, while cargo holders also held back goods, causing mainstream traded prices to edge down to RMB 15,270-15,290/mt in south China, at mild discounts over...
Alba celebrates victory against Alcoa despite Lackluster Gulf Arab Market.
The International Monetary Fund's ( IMF) gloomy outlook for the world economy weighed in Gulf stock exchanges Wednesday, but the sluggish sentiment could not prevent Aluminum Bahrain from celebrating its legal success against U.S. counterpart Alcoa. The oil price-sensitive markets in Kuwait and Abu...
Canada Stocks Fall to 1-Month Low as Alcoa Cuts Aluminum Outlook
Canadian stocks fell to the lowest level in almost five weeks after Alcoa Inc. cut its aluminum outlook on weakening demand in China, the world’s biggest commodities consumer. Niko Resources Ltd., an oil and gas explorer, slumped 8.5 percent. Enbridge Inc. (ENB) retreated 1 percent. AuRico Gold...
Alcoa Inc. 3rd Q earnings surpass analyst forecasts
Aluminium maker Alcoa Inc. kicked off the U.S. third quarter earnings season on Tuesday with earnings and revenues that were above analysts’ expectations. The company also said that aluminium demand would double from the current levels going to 2020. "We see the aluminium market as fundamentally...
Century Aluminum Rejects Smelter Proposal; Shares Slip 3%
Century Aluminum has rejected a proposal to help restart its West Virginia smelter after the electricity rate offer from the state fell short of its needs, SeekingAlpha reported. CENX shares are down 2.7% to $7.14 in afternoon trade, and are moving within a 52-week range of $5.52 - $12.30. The...
Aluminium fell to its one-month low
Aluminium fell to its lowest in more than a month on Wednesday, as concerns about continued demand weakness offset fresh hopes for pro-growth policies from top metals consumer China. Aluminium fell more than other metals under the weight of comments late on Tuesday by producer Alcoa Inc which...
Alcoa plans to split up operations
Alcoa Inc. (AA), the aluminum producer dragged down by the metal’s price decline, stands to unlock 63 percent in added value for shareholders by splitting itself up. Alcoa, the 124-year-old seller of metals for use in beer cans and airplanes that plans to release third-quarter results after the...
Commodities prices fell across the board
Base metals erased previous gains on Wednesday and thus more or less followed a sell-off of risky assets. Moreover, some traders might have closed positions ahead of 5 days holiday in China which starts next week. Prices of both copper and aluminium thus fell by more than 1.5 percent. The aluminium...
US Aluminium Production Increases Sharply In July
A report from United States Geological Survey (USGS) has mentioned that US Aluminium production increased in the month of July. The total primary Aluminium production in US was 177000 tonnes in the month of July compared to 173000 tonnes in the month of June 2012. This marked a rise of 2.3% on a...
PSC seeking details on Century Aluminum counter-proposal
The state Public Service Commission on Monday asked for additional detail on its Consumer Advocate Division's counter-proposal in Century Aluminum's special power rate case. The head of the division said he hoped this was a sign the commission was giving thought to alternatives to the controversial...
