ADC12 consolidates on a strong note as costs rise and orders see marginal improvement
Aluminium scrap: This week, China's aluminium scrap market price centre edged up alongside primary aluminium. As of September 10, SMM A00 aluminium prices closed at RMB 24,560 per tonne, up RMB 210 per tonne from RMB 24,350 per tonne last Thursday. Domestic aluminium scrap prices followed with...
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...
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Tin tack Recovery in aluminium prices cut short by China's increased output
The recent tentative recovery in aluminium prices has stalled, as China increased its output of the lightweight metal. Smelters that were shut down last year to meet the country's energy consumption targets in its five-year plan have now been restarted. "Once again, Chinese aluminium producers have...
New Growth Point for China Aluminum Processing Industry in 2012
SMM’s aluminum analyst said on the 7th China Copper & Aluminum Summit that there is still new growth point for China’s aluminum processing industry in 2012 under the context of product structure adjustment. China’s aluminum processing industry develops slower currently. Operating rates at aluminum...
Traders go short on Hindalco as it breaches key support level
Though some traders covered their short positions mid-way through the trading session ahead of the weekend, analysts said the sentiment in the stock remains pessimistic. "Hindalco futures have seen traders adding short positions below the crucial level of Rs 132.50, especially indicated by a jump...
China Growth Concerns Weigh on Aluminum Industry
Aluminum stocks have been beaten down in recent weeks as signs of slower growth in China and Europe raised questions about the global economy and demand for their products, The Associated Press reports. Over the last month, the Global X Aluminum ETF (ALUM) has fallen roughly 7.36 percent. Five Star...
China aluminium output increase undermines industry cutbacks: RBS
China's increase in aluminium output for February is threatening to undermine production cutbacks made elsewhere in the global industry, RBS said in a research note Friday. "Once again Chinese aluminium producers have in one fell swoop managed to eradicate all the work done by other producers in...
Operating Rate for 21 Aluminum Profiles Enterprises in March
Aluminum processing research and development group conducted a survey on the operating rate for 21 small and medium sized aluminum profiles enterprises. The survey displayed that 66% of those enterprises stated with 80% or higher operating rate in March, which was increased when compared with...
MCX aluminium to jump on positive global cues
Aluminium yesterday traded with the positive node and settled 0.4% up at 112.6 tracking LME three-month aluminum closed at USD 2,281/mt, a recent high on Monday as progress in Greek debt strengthened the euro to boost investor confidence. Commodities have stepped in a downward track as the Greek...
Aluminium Market is Expected to Experience Bright Future According to Merchant Research & Consulting Ltd
The global aluminium market is developing in new directions -- new products and production technologies are on their way. New growth opportunities are being empowered by recent technological advancements, output reformations, and vivid regional shifts. Aluminium is expected to retain its high-scale...
China Hongqiao prices $150 million CB at investor-friendly end
After a drawn-out bookbuilding that lasted almost 12 hours, aluminium producer China Hongqiao Group early yesterday morning priced its five-put-three convertible bond at the investor-friendly end, resulting in a 6.5% coupon and yield, and a 25% conversion premium. It wasn’t able to exercise the $50...
Chalco Gains by Limit on China Market Investment: Shanghai Mover
Aluminum Corp. of China Ltd., the nation’s biggest producer of the metal, surged by its daily limit in Shanghai after reports the government will boost investments in the stock market and regulate rare-earth output. Aluminum Corp., known as Chalco, advanced 10 percent, the most since Jan. 17, to...
Shanghai Metals Market Morning Review - 2012/3/22 Aluminum Market
LME three-month aluminum plunged USD 41.5/mt or 1.84% overnight to USD 2,212.5/mt after stocks climbed a further 6,825 mt to 5,088,775 mt and US home sales data for February came out missing expectations. Positions for the light metal surged 14,600 lots. Slow Chinese consumption and hampered US...
UPDATE 1-Feb daily aluminium output 68,900 T - IAI
Daily average primary aluminium output in February dropped to 68,900 tonnes compared with a revised 69,000 in January and 69,600 in February 2011, provisional figures from the International Aluminium Institute (IAI) showed. Total production in February (29 days) was 1.998 million tonnes, compared...
DJ IAI: February World Aluminum Output 1.998 Mln Tons, -141,000 Tons
Total world aluminum production in February fell by 141,000 metric tons to 1.998 million tons, according to figures released Tuesday by the International Aluminum Institute. World production in January stood at 2.139 million tons. February production was up 48,000 tons compared to the same month of...
Shanghai Metals Market Morning Review - 2012/3/21 Aluminum Market
LME aluminum closed down USD 25/mt or 1.1% at USD 2,254/mt after founding its low at USD 2,237/mt. The metal moved mainly against the US dollar index, which climbed but fell later. Latest LME aluminum stocks surged 13,000 mt to 5,081,950 mt. While the Greek debt crisis has temporarily eased and US...
Aluminum in Eastern Europe - Market Report - new market research
The Eastern European aluminum industry had total revenues of $9.4 billion in 2010, representing a compound annual rate of change (CARC) of -4.2% for the period spanning 2006-2010. Industry production volumes increased with a compound annual growth rate (CAGR) of 0.1% between 2006 and 2010, to reach...
The aluminium cycle
Timing is everything. Investing a quarter too early can influence the annual return on your portfolio. Now that Hindalco is near its 12-month lows, it reminds us of the great buy opportunity of 2009 when the stock was sub-Rs 40. Before we make our case for on whether to invest now in Hindalco or...
Unwrought Aluminum Export Volume Increased 16.8%
According to the data from China Custom displayed in Feb. China exported 47,404 tons unwrought aluminum totally which was lower than Jan. While compared with the same period in last year increased 16.8%. In January and February China exported 107,196 tons unwrought aluminum totally.
New fronts open in aluminium storage battle
New fronts are opening up in Europe and Asia in the battle between banks and trading houses to expand their storage hubs for aluminium, a metal meant for use in manufacturing but increasingly viewed as a store of value. Until recently, the battle was almost exclusively confined to one location,...
