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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Kaiser Aluminum stocks Down by 1.6%
One of today's stocks on the move is Kaiser Aluminum, down 1.6% to $56.07. The Dow Jones Industrial Average is now trading 0.2% higher to 13,068 and the S&P is trading fractionally higher to 1,407. Kaiser Aluminum Corporation produces alumina, primary aluminum, and fabricated aluminum products. The...
Tight profit margin causes secondary aluminum output cuts
Bermco Aluminum has idled production capacity at its secondary aluminum smelter, while Imperial Alloys Corp. is coming off a reduced production schedule. Both companies cited tight profit margins caused by a decoupling of scrap purchasing prices and alloy sales tags for their decisions. Birmingham,...
NALCO share rises 4.6% on stake sale buzz
Shares of state-owned National Aluminium Company (NALCO) gained as much as 4.6% intraday on Friday after the CNBC-TV18 reported that the government is going to sell 12.15% stake in the company. The Department of divestment has invited merchant bankers for the process of follow-on public offer. At...
Shares of Alcoa indicating bearish trend
Shares of Alcoa crossed below the 50-day moving average indicating a likely bearish trend. Recent trading activity signals that the shares may continue to head lower in the foreseeable future as long as the stock price remains below the moving average line. AA shares slid 1.54%% percent to $8.43 on...
Aluminum Market Showing Signs of Stress
Extravagant claims recently made by United Company Rusal, the world’s largest aluminum producer, in a Financial Times article reflect more hope than reality. “More than 4.5m tons of global aluminum production will be idled [by the end of] 2012 due to the fact that global aluminum prices are, based...
Global demand for alumina expected to soar
The global demand for high-quality aluminium trioxide or high-quality alumina (HPA) is expected to soar by a yearly compounded growth rate of 52% over three years to 2015, a report said on Thursday. HPA project developer Orbite Aluminae had commissioned consulting firm Secor to undertake a study to...
Kaiser Aluminum has the Lowest Beta in the Aluminum Industry
Below are the three companies in the Aluminum industry with the lowest betas. Lower-beta stocks mean minimal volatility and are therefore generally considered to be a less risk and offer more stable returns.Kaiser Aluminum ranks lowest with a a beta of 1.2. Alcoa is next with a a beta of 1.4....
Japan's Jul ADC aluminum shipments dip 2% from Jun amid switch to AC output
Japan's domestic shipments of auto diecasting aluminum alloy slipped 2.2% month on month to 38,784 mt in July, despite a 3.3% gain in total alloy shipments to 70,322 mt, the Japan Aluminium Alloy Refiners Association said Thursday. On a year-on-year basis, July ADC shipments were up 2.7%, while...
India's aluminum export to rise 5 pct: Vedanta
India's aluminum exports could rise 5 percent in the current fiscal year to 325,000 tonnes, despite a slowdown in global demand, a senior industry official said, as falling prices have led rival global producers to cut production. Declining aluminum prices have forced major players such as Alcoa...
Aluminium fabricators in Ghaziabad India ready to face the changing market
The realty sector of Ghaziabad and nearby areas has paved way for the growth of several allied industries. Of these the aluminium fabrication industry has been reaping profits in the region, owing to the various advantages aluminium has over wood, iron and other material used for construction...
Kaiser Aluminum shares sinking down 2.0% to $56.34
Kaiser Aluminum is one of today's biggest movers, down 2.0% to $56.34. The Dow Jones Industrial Average is now trading 0.7% lower to 13,082 and the S&P is trading 0.6% lower to 1,405. In the past 52 weeks, Kaiser Aluminum share prices have been bracketed by a low of $40.12 and a high of $59.04 and...
LME aluminum should move between USD 1,875-1,910/mt on 30th Aug: SMM Morning Review
Markets are cautious about whether or not Federal Reserve Chairman Bernanke will signal QE3 in his speech on Friday. This is because final reading of the US 2Q GDP was upwardly revised overnight and July pending home sales index was far better than forecasts, adding hurdle to the introduction of...
Nirmal Bang presents reports on base metals
Nirmal Bang has come out with its report on base metals. According to the research firm, further rise is expected in the prices of industrial metals as China announces another round of stimulus package. Industrial metals prices fell on Friday, largely tracking a volatile euro versus the dollar, but...
Chalco reports $513 mn loss during H1
The Aluminum Corporation of China Limited (Chalco), one of biggest companies in the country, reported a loss of 3. 25 billion yuan (over USD 513 million) for the first six months of the year. The figure is in sharp contrast to the 413 million yuan profits during the same period last year, the...
Indian Aluminum Producers optimistic about 2013
Despite a decline in profits for the first quarter reported by India’s state-run National Aluminum Company Ltd (Nalco), aluminum producers here remain optimistic about the sector. Most of this sentiment is based on the likely positive demand from the automobile and power sectors which are expected...
Aluminum scrap, alloy prices fall further
Free-market secondary aluminum alloy prices drifted down again Monday, with producers struggling to hold the line on higher quotes as mill-grade scrap tags dropped due to a sustained lull in London Metal Exchange pricing. A319.1 slipped to a range of $1.02 to $1.04 per pound from $1.03 to $1.04...
Aluminum exports remain strong in Canada
Canadian aluminum shipments were the bright spot in an otherwise quiet July. Steel shipments and shipments of aluminum in the US were nearly flat in both countries. US Service Center Activity; 121,700 tonnes of aluminum products were shipped by U.S. Service Centers in July an increase of 3.6% from...
Alcoa shares are trading close to Resistance
Shares of Alcoa, Inc. are trading very close to calculated resistance at $8.98. The stock ended the trading session at just $8.82, which is near levels that make it difficult to buy or start a position. Alcoa Inc. (NYSE:AA) produces primary aluminum, fabricated aluminum, and alumina, and...
