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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Rusal could be affected by tumbling aluminum prices in Europe
Rusal’s Guyana operations could be affected as aluminum prices in Europe are tumbling. According to Rusal’s CEO Oleg Deripaska there is a small deficit since May as the market is now highly volatile. Price of aluminum globally is approximately US $ 24, 00 compared to 35 hundred before the economic...
Harbor Aluminum conference Participant Report
For aluminum market observers, 2012 has brought some interesting dynamics. Take for example prices – LME prices have hit a two-year low, while Midwest premiums have hit a high. Meanwhile China prices remain comparatively high. At the same time, lead times from LME warehouses continue to grow and...
Chinalco decides to cut Alumina capacity
Owing to oversupply of alumina, Chinalco has decided to reduce alumina capacity of 1700 thousand tons, together with the key alumina enterprises of NanShan Group, Shandong Chiping Xinfa Group, Binzhou High and New Aluminum Power Co., Ltd and Bosai Group to appeal alumina enterprises conducted 10%...
Demand in Global Aluminum Extrusion Market will Double in 2020
At present, Zhang Liji who is the CFO of China Zhongwang said in an interview that industrial aluminum profiles, deep processing aluminum profiles and high-end aluminum rolling products will be the three main profits driver for the company in the future. Steel will be replaced by aluminum, thus the...
Market Research Report on Global and China Activated Alumina Industry
This report has firstly introduced Activated Alumina definition classification industry chain etc relation information. Then introduced Activated Alumina technology and manufacturing process. And then Summary statistics of Global and China major Activated Alumina 2009-2016 Activated Alumina...
China in monthly aluminum deficit in May as global demand rises
China and the rest of the world (RoW) were in a physical aluminum market deficit in May as global aluminum demand grew 7.7% year-on-year, said Harbor Intelligence in a research note. According to the Harbor Intelligence, under the traditional formula (production plus/minus visible headline...
LME B8Aluminum prices fall to a two-year low
Aluminum prices have fallen to a two-year low on the London Metal Exchange (LME), pressured by a mix of technical and fundamental factors that are weighing on the broader base-metals complex, given growing concerns about the health of the global economy. Traders and brokers said sellers appeared to...
Aluminum market is in absolute Surplus
It may come as no surprise to anyone tracking the gradual decline of the aluminum price over recent months, but the market remains in pronounced surplus. The World Bureau of Metal Statistics’ January-to-March quarterly report estimates the global market was in surplus by 384,000 tons during the...
Chinese smelters must curb costs of production for profit
And yet with the cost of aluminum production notoriously high in China, even in the lower-cost western provinces, many analysts have been looking for production cutbacks in China as being the catalyst for a move to supply balance and higher prices. Arguably China is a market unto itself. Tariffs or...
Alcoa stocks down by 50%
Alcoa Inc.'s aggressive focus on restructuring and cost-cutting strategies, expected productivity gains, diverse product mix, and cheap valuations are attractive enough for a long position in its stock. The stock is down 50% from its 52-week highs. However, some potential risks to our...
LME aluminum slipped to a fresh two-year low of USD 1,854/mt and settled at USD 1,868.8/mt: SMM Morning Review
LME aluminum slipped to a fresh two-year low of USD 1,854/mt on Friday after Moody’s downgraded 15 large banks and due to the huge needed for the Spanish banking sector. Investor risk appetite rebounded during later trading, however, trimming LME aluminum losses to only USD 0.3/mt. The light metal...
MCX Aluminium edged up by 0.2% at Rs 104.95 per kg on Friday, 22nd June
MCX Aluminium edged up by 0.2% at Rs 104.95 per kg on Friday, 22nd June and tested an intraday high at Rs 105.7 per kg and low at Rs 104.3 per kg. Bargain hunting with 6% dip in its open interest to 9517 lots helped the Aluminium metal end with modest gains shrugging off the its downtrend since...
Alcoa CEO optimistic about Aluminum Market despite falling price
Europe is a "big question mark" for commodity markets but at the same time demand for aluminum is strong, Klaus Kleinfeld Alcoa Chairman and Chief Executive Officer, told CNBC on Friday at the Saint Petersburg International Economic Forum. Aluminum prices have fallen more than $100 to below $1,900...
Price of aluminum drops further as Century lobbying for lower rate
As Century Aluminum lobbies for a new power rate that could force Appalachian Power customers to pay higher bills when aluminum prices drop, the price of aluminum is doing just that. Aluminum prices closed $1,879.50 per ton on the London Metals Exchange Thursday morning. This week was the first...
Alcoa's fortune drops with the dropping aluminum price
Alcoa Inc. makes aluminum, so when aluminum prices drop, so do its fortunes. Goldman Sachs cut its earnings estimate for Alcoa through 2014 because of lower aluminum prices. Alcoa's share price fell more than 4 percent Thursday. Analyst Sal Tharani wrote late Wednesday that aluminum inventory...
Kaiser Aluminum Shares trading down
In trading on Thursday, shares of Kaiser Aluminum Corp. crossed below their last reported book value — defined as common shareholder equity per share — of $48.59, changing hands as low as $48.13 per share. Kaiser Aluminum Corp. shares are currently trading down about 3.5% on the day. The chart...
Noranda Aluminum shares showing bearish trend
Noranda Aluminum shares have crossed bearishly below their 10-day moving average of $7.81 on a volume of 110K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term. Noranda Aluminum share prices have moved...
Aluminium dropped by 0.5% or at R 105.75 per kg on Wednesday, 20th June
MCX Aluminium was in downtrend since the early of this month by breaching the major support level of R 107.5 per kg and was found to be near to the another major resistance level of R 105.5 per kg. Aluminium dropped by 0.5% or R 0.5 at R 105.75 per kg on Wednesday, 20th June and tested an intraday...
