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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Global Aluminum Market in 482,000-ton Surplus
The global aluminum market was in surplus by 482,000 metric tons in the first four months of the year, the World Bureau of Metal Statistics said Wednesday. This compares with a surplus of 1.729 million tons over the whole of 2011. Global demand for primary aluminum rose by 4.95% from the...
Nalco offers discount of 2,500 rupees ($44.26) per tonne across all products
Aluminium major Nalco is under tremendous market pressure due to dropping aluminium prices in the London Metal Exchange (LME) and higher production costs. to boost sales and to cope with the continuous losses, India's state-run National Aluminium Co Ltd (NALCO) has offered a discount of 2,500...
Base metals outlook by Kotak
MCX Aluminum may note gains tracking firmness in international exchange. Supporting prices is firmness in copper prices and falling stocks at LME. Stocks at LME rose by 2,050 tons yesterday after declining by 16650 tons last week. Meanwhile cancel warrants ratio jumped to 37.5% signaling demand in...
Research and Markets has published report on Aluminum Industry in Brazil
Research and Markets has announced the addition of the "Aluminum Industry in Brazil - Market Opportunities and Entry Strategies, Analyses and Forecasts to 2016: Market Profile" report to their offering. Brazil was the sixth-largest aluminum producer in the world in 2010. The country's domestic...
New market research report on Aluminum Industry in India
New market research report on Aluminum Industry in India throws light on Market Opportunities and Entry Strategies. India was the seventh-largest aluminum producer in the world in 2010. The per capita consumption of aluminum in India is very low compared to the consumption in developed markets....
Aluminum fell on weak demand
Industry metals apart from aluminum rose despite weak industry data from the US. US factory production shank last month and consumer confidence data missed expectations. Aluminum was the only loser as global economic instability and weak demand continued to force aluminum producers to reduce output...
2012 Research Reports on China High Purity Alumina Industry
ReportsnReports.com publishes a market research report on Global and China High Purity Alumina Industry. This research covers High Purity Alumina (Al2O3>=99.99% 4N or above 4N Purity) analysis of global as well as Chinese markets. In addition to industry overview, the report covers manufacturing...
Base metals, except aluminum, close higher
Base metals have closed mostly higher on the London Metal Exchange (LME), finding some support from hopes for further economic stimulus and some short-covering ahead of the weekend. At the PM kerb close on Friday, LME three-month copper was 1.2 per cent higher at $US7,510 a metric ton. Aluminum...
Aluminium producers pitch for raising import duty on aluminium
A deteriorating demand outlook, suppressed market sentiment in Europe and consumption decline in China has led the domestic aluminium industry to demand for upping the import duty on aluminium to 7.5 per cent and imposition 2 per cent customs duty on aluminium scrap to insulate themselves from...
LME aluminum settled down USD 18.3/mt at USD 1,935.3/mt: SMM Morning Review
The Greek election led to cautious shorts standing on the sidelines. Weaker-than-expected May industrial output and Michigan University Consumer Confidence Index in the US rekindled stimulus expectations on Fed. The US dollar retreated, helping commodities rebound. LME aluminum, however, failed to...
Aluminium rises marginally in futures trade
Aluminium prices rose by 0.14 per cent to Rs 107.85 per kg in the futures market today in line with a firming trend in base metals at the London Metal Exchange and a pick-up in domestic demand at spot markets. At the Multi Commodity Exchange, aluminium for delivery in June rose by 15 paise, or 0.14...
Norsk Hydro sells maturity bonds worth1.5 billion
Norway-based aluminium producer Norsk Hydro has sold 1.5 billion crowns ($250.80 million) worth of bonds with maturity on July 5, 2019 and a coupon rate of 5.40 percent, it said. "There was considerable interest for the new issue. As previously announced, the purpose of the bond issue is general...
JPMorgan Chase downgraded Alumina Limited Rating to Underweight
Alumina Limited was downgraded by JPMorgan Chase from a “neutral” rating to an “underweight” rating in a research note issued on Friday. A number of other firms have also recently commented on AWC. Analysts at Bank of America upgraded shares of Alumina Limited to a “neutral” rating in a research...
Research and Markets publishes report on Aluminum Industry in China
Research and Markets has announced the addition of a report to their offering: “Aluminum Industry in China - Market Opportunities and Entry Strategies, Analyses and Forecasts to 2016: Market Profile” China is the largest producer and consumer of aluminum in the world. China's aluminum consumption...
LME aluminum settled down USD 6.5/mt or 0.33% at USD 1,953.5/mt
Italian and Spanish debt yields climbed. Greek stocks prices jumped before the Greek election. US CPI and employment data disappointed, dragging the US dollar index below 82. LME aluminum opened at USD 1,960/mt during Asian trading and climbed slightly, shortly breaking through the 5-day moving...
Kaiser Aluminum has the Lowest PEG Ratio in the Aluminum Industry
Below are the three companies in the Aluminum industry with the lowest price to earnings to growth (PEG) ratios. PEG is valuable in assessing the tradeoff between the price of a stock and expected growth. Generally, the lower the PEG, the better. Kaiser Aluminum (NASDAQ:KALU) is lowest with a PEG...
LME aluminum settled down USD 10/mt or 0.51% at USD 1,960/mt: SMM Morning Review
Soft US economic data dragged the US dollar index down to 82. LME base metals stayed within narrow bands, however, as investors were cautiously waiting for the Greek election result. LME aluminum opened at USD 1,975/mt and settled down USD 10/mt or 0.51% at USD 1,960/mt. Both transactions and...
Aluminum may face supply deficit in 2013: Rio Tinto
The global aluminum market will be more balanced this year and could shift into a supply deficit by 2013 as new projects fail to keep the pace with high-cost capacity cuts this year, Rio Tinto Alcan's Chief Executive said Tuesday. "Supply will become more challenging ... the market will be near a...
