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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Bargain Hunting Favored Aluminium at Mcx Date
Aluminium buoyed by 0.6% or Rs 0.65 at Rs 108.5 per kg and tested an intraday high at Rs 108.65 per kg and low at Rs 107.9 per kg on Friday, 12th May. Short covering with 26% drop in its open interest to 2692 lots helped the metal to recover from its earlier lows. The contract traded below 9-day...
LME aluminum settled down 0.36% at USD 2,048.5/mt
Inflation pressure stays for the world’s largest metals consumer China. European debt risks still exist. The largest US bank JPMorgan reported heavy losses. All these pressured metals on Friday. LME aluminum hit a low of USD 2,031.8/mt but settled up slightly by USD 7.3/mt or 0.36% at USD...
SHFE aluminum settled down RMB 70/mt or 0.43% at RMB 16,065/mt on Friday: SMM Daily Review
SHANGHAI, May 14 (SMM) – The most active SHFE aluminum contract for August delivery settled down RMB 70/mt or 0.43% at RMB 16,065/mt on Friday, after opening lower at RMB 16,120/mt. Transacted contracts climbed to 20,000 lots. SHFE aluminum futures prices dropped continually last week, with the...
SMM launches China Scrap Aluminum Industry Chain Analysis 2011
China's total imports of scrap aluminum stayed high at 2.686 million mt in 2011, though falling 5.9% from a year earlier. As domestic scrap aluminum recycling increases, Chinese aluminum recycling businesses now use more domestically produced aluminum scrap. On the other side, the increase in...
Research and Markets present reports on the role of Aluminum Industry in the BRIC Countries
Research and Markets as announced the addition of the "Aluminum Industry in the BRIC Countries - Market Opportunities and Entry Strategies, Analyses and Forecasts to 2016" report to their offering. The BRIC (Brazil, Russia, India and China) countries play a dominant role in global aluminum industry...
Rusal Drops to Four-Month Low with a 5% Margin Decline
United Co. Rusal, the world’s largest aluminum producer, fell to a four-month low as Renaissance Capital forecast a 5 percent decline in margins from the previous quarter. Rusal lost 1.3 percent to 196.98 rubles by the end of trading in Moscow, the lowest level since Jan. 10. “The rising oil price...
TALCO, produces 11.6 percent less metal in January-April 2012
Tajikistan's state-owned aluminium smelter, the largest in former Soviet Central Asia, hopes a resumption of gas supplies from Uzbekistan will allow it to meet its 2012 output target despite a near-12 percent decline in the first four months. Tajikistan Aluminium Company, or TALCO, produced 97,863...
Goldman Sachs sees favorable economic prospects for aluminium
Goldman Sachs gave their outlook for aluminium as "bullish" supported by several factors such as rise in Chinese demand indicated by a fall in inventories at the London Metal Exchange, Shanghai Futures Exchange and COMEX amid constrained supply in the country. In a report released on May 2, 2012,...
Kaiser Aluminum Fails to Respond to Buy status
Kaiser Aluminum was upgraded from Hold to Buy by Dahlman Rose one week ago. The shares closed at $51.84, or 1.4% under the $52.57 price of one week ago. Kaiser Aluminum share prices have moved between a 52-week high of $57.29 and a 52-week low of $40.12 and are now trading 29% above that low price...
Ess Dee Aluminium's sale is dropping due to low volume and a weakened rupee
Shares of aluminium packaging producer Ess Dee Aluminium have been pummelled over the last year. The company produces aluminium packaging for pharmaceutical producers. During the nine months ended December 2011, the company's sales slipped by two per cent to Rs 493 crore as it found it hard to...
Analyst's Research on Alcoa Inc. and Century Aluminum Co. shows uncertain Future for Aluminum
www.stockcall.com/ offers investors comprehensive research on the Aluminum industry and has completed analytical research on Alcoa Inc. AA -1.54% and Century Aluminum Co. CENX -2.80%. A cloudy Chinese economic forecast in combination with weakness in Europe and slow industrial growth in the U.S. is...
Nickel and Aluminium trading trends for 3 May
Nickel trading range for the day is 907.23-962. Market is looking to take support at 917.3, a break below could see a test of 907.2 and resistance is now likely to be seen at 944.5, a move above could see prices testing 961.6. Nickel yesterday traded with the negative node and settled -1.37% down...
Steel, aluminium producers in Asia Pacific region to face weak profit rating over the next quarter
The profitability of steel and aluminium producers in the Asia-Pacific region will continue to weaken over the next quarter at least, even in a soft landing scenario for China, according to Standard & Poor's Rating Services. In a report entitled “Most Asia-Pacific Metal And Mining Companies Face...
Century Aluminum Shares Soaring High by 2.5%
Up 2.5% to $9.43, Century Aluminum (NASDAQ:CENX), is one of today's notable movers. The S&P is trading higher by 1.2% to 1,414 and the Dow is trading 0.9% higher to 13,331. Century Aluminum Company produces primary aluminum, in both molten and ingot form, through facilities located in the United...
The aluminium market to total $112.3bn in 2012' says visiongain report
Visiongain’s analysis indicates that the global aluminium market will reach a value of $112.3bn in 2012. The market value will rise mainly due to demand from transport and construction end-use sectors; both sectors together will account for more than half of the global aluminium consumption. The...
S&P affirms Alumina Ltd. Ratings off watch; outlook is negative
Current trading conditions in the aluminum industry are challenging, driven by soft aluminum prices, the strong Australian dollar, and increasing input costs. We affirmed the 'BBB' rating on Alumina and removed it from CreditWatch negative, as we expect that Alcoa World Alumina and Chemicals (AWAC)...
Dahlman Rose Raises Kaiser Aluminum Corp. to Buy (KALU)
Kaiser Aluminum Corp. (NASDAQ: KALU) was upgraded by investment analysts at Dahlman Rose from a “hold” rating to a “buy” rating in a note issued to investors on Monday. The firm currently has a $70.00 target price on the stock. The analysts wrote, “Though LME aluminum ingot prices remain depressed,...
Hydro earnings plunge as aluminium glut weighs
Norway-based aluminium producer Norsk Hydro reined in its expectations for market growth this year due to weak demand from Europe, as it posted a bigger-than-expected drop in quarterly profit due to a glut in supply that is hitting prices. The company said on Friday it expected global demand for...
