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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Challenging year ahead for bauxite and alumina
"Today and for the next few years there is a risk of oversupply of both aluminium and alumina. We are suffering from market prices that are not sustainable. Therefore the fundamentals must become more important for the pricing of our products in the future," Undeli said. Undeli was a keynote...
Signals Camouflage Flaw in Aluminum Market
The aluminum market is giving all the signals of robust health: Prices have surged since the start of the year, and market participants are indicating they want to take the metal out of warehouses in record amounts. But the signals camouflage a deeper flaw: Supply has gotten ahead of demand. Prices...
US primary aluminum premium continues climbing as market eyes 9 cents/lb
P1020 aluminum premiums have continued strengthening this week, increasing 30 points from a week ago to hit a 10-month high of 8.6 cents/lb plus LME cash, Platts data showed Wednesday. The Platts premium rose another 10 points late Tuesday as traders and producers said they thought prices could...
Russia January Aluminum Exports 58% Up On Year At 260,500 Tons
Russia exported in January 260,500 metric tons of aluminum, an increase of 58% compared with the January 2011, the federal customs service reported Tuesday. The exported aluminum was worth $557.2 million compared, with $297 million in January 2011. Aluminum export to countries outside the...
Shanghai Metals Market Morning Review - 2012/3/9 Aluminum Market
LME three-month aluminum closed at USD 2,213/mt on Thursday, little changed from the previous trading day as a surge of 10,050 mt in stocks offset support from optimism towards the Greek debt-swap. Strong support at the USD 2,200/mt mark showed, however, after the contract slipped for a fifth...
Buy Parekh Aluminex; target Rs 390: Sunidhi Securities
Sunidhi Securities is bullish on Parekh Aluminex (PAL) and has recommended buy rating on the stock with a target price of Rs 390 in its March 6, 2012 research report. "Parekh Aluminex (PAL), during Q3FY12, net profit surged by 42.3% to Rs 22.2 crore (Rs 15.6 crore) on 50.0% higher sales of Rs 345.0...
DJ Russia January Aluminum Exports 58% Up On Year At 260,500 Tons
Russia exported in January 260,500 metric tons of aluminum, an increase of 58% compared with the January 2011, the federal customs service reported Tuesday. The exported aluminum was worth $557.2 million compared, with $297 million in January 2011. Aluminum export to countries outside the...
Shanghai Metals Market Morning Review - 2012/3/7 Aluminum Market
LME three-month aluminum closed lower for a third consecutive day on Tuesday as worries towards a Greek default increased following Greek debt authority’s confirmation that March 8 is the deadline for investors to complete a debt swap. The US dollar index surged to 79.867, nearing 80, while the...
Shangai Metals Merket Morning Review - 2012/3/6 Aluminum Market
A selling wave swept across commodities markets on Monday as China lowered its growth target to 7.5%, euro zone PMI contracted in February and US factory orders dropped 1%. LME three-month aluminum dropped to a low of USD 2,271/mt overnight amid profit-taking by longs. The metal narrowed losses to...
Aluminum Enterprises Hope More Policies to Stimulate Consumption
The international situation became more and more complicated in recent years and domestic also faced difficulties in industrial structure. The weak consumption is the key factor caused weak aluminum price in domestic. Many aluminum processing enterprises stated with less orders and slight profits,...
Margins diminish further in European secondary aluminium
European secondary aluminium ingot prices remained stable on Friday March 2, but rising scrap prices piled yet more pressure of producers struggling with tight margins. "Ingot prices are still within last week's ranges, but scrap is going up," an ingot producer said. "Scrap merchants have reacted...
Aluminum Enterprises Hope More Policies to Stimulate Consumption
(China Aluminum Network) The international situation became more and more complicated in recent years and domestic also faced difficulties in industrial structure. The weak consumption is the key factor caused weak aluminum price in domestic. Many aluminum processing enterprises stated with less...
Shangai Metals Merket Morning Review - 2012/3/5 Aluminum Market
LME three-month aluminum closed down USD 31.3/mt or 1.33% at USD 2,321.8/mt last Friday after a lower German retail sales and a higher Spanish unemployment rate were reported to again ignite worries towards the European debt crisis. While the situation in Europe is not optimistic, hopes for the two...
East China Aluminum: Consumption Still Weak, Spot Discounts Remain Stable
Traded prices of spot aluminum in Shanghai were between RMB 15,900-15,930mt on Monday, with discounts of RMB 90-120/mt over the SHFE current-month aluminum price. Low-iron aluminum was traded between RMB 16,000-16,020/mt in Shanghai. Traded prices of spot aluminum in Wuxi were between RMB...
Chinalco Aluminium Enterprise Marketing Meeting Hosted in Southwest Aluminium
(China Aluminium Network) Chinalco’s Aluminium Enterprise Marketing Meeting was hosted in Southwest Aluminium. Vice president of Chinalco Jiang Ying attended the meeting. The meeting discussed the current market situation and account receivable management. Marketing executives of Chinalco’s 8...
China Aluminium Smelting Market Report - new market research report
This report presents a clear picture about the overall development of aluminium smelting market in China and the trend in recent years based on detailed data analysis. This report includes the analysis on the aluminium smelting market size and market share in China, the study on major hot areas in...
LME aluminium to fall to $2,256.75/T
LME aluminium will fall to $2,256.75 per tonne, as it has broken a support at $2,306.25. The break has confirmed the completion of a five-wave cycle on the preceding rise from the Feb. 17 low of $2,150 to $2,356. A further drop from the current level is highly anticipated because the bearish...
Century Aluminum hopes to restart plant
Century Aluminum hopes to restart a West Virginia plant this year. Century CEO Michael Bless says conditions are favorable to restart the Ravenswood plant. He cites discussions with union, state, utility and regulatory representatives and recent improvements in the aluminum market outlook. The...
