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...
Grow with
AL Circle
Nanping Aluminium November Aluminium Rod Sales Volume Reaches 3141.153 Tons
Aluminium rod sales volume of Nanping Aluminium reached 3141.153 tons in November, which hit a record high of the company’s monthly sales. Under the joint effort of all the employees, Nanping Aluminium has achieved its annual sales target ahead of schedule. From January to November, the company...
Metals: Cost is main influence on miners’ profit
Earlier this year the talk among industry executives and investors was whether miners would be able to keep up with booming demand for industrial metals. Fast forward just six months, and question on many lips is how many of them will be forced to close down production because they are losing...
World Primary Aluminium Production Increased By 5.6% In Jan-Nov 2011
The World primary Aluminium production increased by 5.6% in Jan-Nov 2011 period. The percentage of increase in the primary Aluminium production is set to decline in coming days considering the falling prices of the Aluminium in futures in international markets that is making the life of producers...
Alcoa: Ready to test its metal in 2012
When Alcoa (AA -3.18%) reported earnings in October, CEO Klaus Kleinfeld told investors, "Alcoa is a confident company in a nervous world. We are well prepared for whatever lies ahead, with more cash on hand, lower debt and continued focus on profitable growth." It would be natural to write off...
Aluminium futures up 0.38% on global cues
Aluminium futures prices rose marginally by 0.38% to Rs 104.75 per kg today, as speculators enlarged their positions in tandem with a firming trend overseas. At the Multi Commodity Exchange, December aluminium edged up by 40 paise, or 0.38%, to Rs 104.75 per kg, with a business volume of 392 lots....
Key study on aluminium sector probed
Executives from the smelters and major downstream aluminium organisations in the Gulf met in Dubai to discuss a study especially produced by the GAC on the aluminium industry. The study investigated the market, short- and long-term prospects, application and influence of the economic situation...
Shanghai Metals Market Morning Review – 2011/12/20 Aluminum Market
Worries towards the euro zone debt crisis led to a struggle of the euro at 1.3 US dollar and in contrast helped the US dollar index consolidate above 80. As Christmas nears, more investors chose to close their positions on risk concerns. Due to weak consumption, the LME aluminum stock surged...
Recent 52-Week Low Surpassed in Shares of Alumina (AWC)
Alumina (NYSE:AWC) traded at a new 52-week low today of $4.61. Approximately 281,000 shares have changed hands today, as compared to an average 30-day volume of 190,000 shares. There is potential upside of 94.4% for shares of Alumina based on a current price of $4.63 and an average consensus...
South China Aluminum: Stalemate between Buyers and Sellers Suppresses Price Increase
The most active SHFE aluminum contract price fluctuated narrowly around the daily moving average on Monday and met strong resistance at RMB 15,800/mt level. Accordingly, spot prices in South China market edged up slightly, but downstream buyers were not actively buying at higher prices, so increase...
Rusal’s CEO Says Currency Crisis May Reduce Aluminum Demand
United Co. Rusal (486), the world’s largest aluminum producer, said the euro currency crisis may cause a “cyclical panic” in commodity markets, prompting a decline in metal demand from smaller manufacturers. A concern for the industry is “how quickly the euro goes down and what’s the transition...
East China Aluminum: Weak Downstream Consumption Lead to Spot Discounts
Traded prices of spot aluminum in Shanghai were between RMB 15,870-15,900/mt on Friday, with discounts of RMB 20/mt to premiums of RMB 10/mt over the SHFE current-month aluminum price. Low-iron aluminum was traded between RMB 15,920-15,960/mt in Shanghai. Traded prices of spot aluminum in Wuxi were...
Cable Demand for Aluminum May Around 140-200 Thousand Tons
Apart from copper aluminum is the most widely used material in Cable Industry. In the process of national economy development, huge demand for power cable is a must for industrialization and urbanization. Owing to lack of historical data just on a rough calculation for the demand of aluminum....
China's Aluminum Imports to Rise as Arbitrage Opens -Trade
China's primary aluminum imports are likely to rise until March with investors and merchants ramping up purchases after an arbitrage window between the London Metal Exchange and Shanghai opened for the first time since 2009, traders said on Wednesday. Benchmark three-month LME aluminum dropped more...
Traders seek gains in falling aluminium price
One of the hottest trades of the 2008 crisis is making a comeback, as banks and traders take advantage of a sharp fall in the aluminium price to lock up the metal in so-called “financing deals”. Several banks have made large purchases of the metal for the deals in recent weeks, and hedge funds are...
South China Aluminum: Transactions Become Active over Limited Supply
SHFE aluminum prices rebounded for the second day on Friday, boosting buyers in South China to purchase at lower prices. Cargo holders were not willing to move goods due to insufficient spot aluminum inventories in South China, pushing prices up slightly. Mainstream transactions were done at RMB...
East China Aluminum: Premiums Expand, Spots and Futures Go Oppositely
Traded prices of spot aluminum in Shanghai were between RMB 15,830-15,860/mt on Thursday, with premiums of RMB 40-60/mt over the SHFE current-month aluminum price. Low-iron aluminum was traded between RMB 15,840-15,880/mt in Shanghai. Traded prices of spot aluminum in Wuxi were between RMB...
Barclays: Base metal prices soften on US Fed, Euro worries
Base metal prices were softer across the base complex on Tuesday and have continued to soften this morning, as concerns over the eurozone crisis and a lack of action by the US Fed weighed on sentiment, said Barclays Capital in a briefing. On the SHFE, Aluminium prices continue to outperform the LME...
Aluminum Glut at Record as Traders Bet on Price Decline
Aluminum stockpiles rose to a record and orders to withdraw metal from warehouses fell to a 15-month low amid speculation traders are adding to bets the commodity will extend its biggest slump since the global recession. Inventories monitored by the London Metal Exchange rose 2 percent to 4.81...
