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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WBMS: Global Aluminum Market In 603,800-ton Surplus Jan-Oct
The global aluminum market was in surplus by 603,800 metric tons in the first 10 months of the year, the World Bureau of Metal Statistics said Wednesday. This compares with a surplus of 691,000 tons in the same period a year before. Demand for primary aluminum in the first 10 months of 2011 was...
Half of Aluminum Plate&Strip Enterprises Decline in Orders in Dec.
According to the survey of 34 aluminum plate & strip enterprises that 53% of these enterprises expected orders will reduce in Dec. and others thought will increase or maintain the same level. According to practice from November this year to April next year was time for air-conditioner enterprises...
Kaiser Aluminum Makes a Move: Up 3.3%
Up 3.3% to $46.78, Kaiser Aluminum (NASDAQ:KALU), is one of today's notable movers. The S&P is currently trading 0.3% higher to 1,240 and the Dow Jones Industrial Average is trading 0.4% higher to 12,069. Kaiser Aluminum Corporation produces alumina, primary aluminum, and fabricated aluminum...
Aluminium utensil sector to grow 20%
Despite growing significance of cheaper substitute, the Rs 3200-crore aluminium utensil industry is set to witness between 15 and 20 per cent growth in the next two years due to high resale value of items. The industry has recorded an average growth of 15 per cent in the last three years in spite...
Alcoa and Century Aluminum Face Pressure in the Short Term -- Long Term Outlook Remains Bright
Aluminum stocks have been hammered in recent months as a weak outlook for the global economy has weighed on prices. Last month Forbes reported that aluminum prices have fallen below the cost of output for many producers, "creating a scenario in which global production may suffer in the months ahead...
Alcoa Hampered by Europe's Uncertainty
Shares of Alcoa(AA) continued to slump in December as economic uncertainty that surrounds the European debt crisis weighs on the global aluminum market. Shares of the Pittsburgh-based aluminum producer fell 2.4% to $9.14 after German Chancellor Angela Merkel reiterated objections to a bigger...
REFILE-Marubeni sees global aluminium deficit in 2013
The global aluminium market will swing into a deficit of 357,000 tonnes in 2013 with the Chinese market dipping into a wider deficit of 500,000 tonnes during the year, as supply growth from China, Middle East and other emerging economies will slow, Marubeni Corp, said on Tuesday. Marubeni, Japan's...
Shanghai Metals Market Morning Review - 2011/12/14 Aluminum Market
News overnight were almost all negative. For instance, the LME aluminum stock surged again by almost 100,000 mt overnight to a new record, Germany prime minister rejected expansion of the 500 billion euro EMS loan agreement and the Fed maintained its interest rates and provided no stimulus plan....
Shares of Century Aluminum Under Pressure, Down 6.3%
Century Aluminum (NASDAQ:CENX), a company whose shares are moving quickly, is trading 6.3% lower to $9.53. The S&P is currently trading 2.0% lower to 1,230 and the Dow Jones Industrial Average is trading 1.8% lower to 11,966. Potential upside of 23.8% exists for Century Aluminum, based on a current...
DJ US Oct Unwt Coils Of Aluminum Imports -0.6% From Sep-Dec 9
U.S. imports of unwrought aluminum, not alloyed with uniformed cross sections of dimensions not greater than 9.5 mm in coils, fell 0.6% in October from from the previous month, but was up 12.4% from the previous year, the U.S. Commerce Department reported Friday.
Middle East's aluminium to meet demand
Aluminium from the Middle East, where output capacity will double by 2015 powered by cheaper energy, will feed growing long-term demand as smelters elsewhere fall by the wayside, hit by high power costs and a weaker market. Smelter capacity in top user China will continue to rise, but as time wears...
South China Aluminum: Deals are Limited in Spot Market
The most active SHFE aluminum contract prices struggled on Wednesday, depressing market in South China. Downstream buyers were of low buying interest over strong bearish sentiments, while cargo holders were reluctant to move goods at lower prices and held at RMB 16,160/mt, leaving stalemate between...
East China Aluminum: Buying Interest Remains Sluggish Despite Lower Quotations
Traded prices of spot aluminum in Shanghai were between RMB 16,150-16,180/mt on Thursday, with premiums of RMB 20-50/mt over the SHFE current-month aluminum price. Low-iron aluminum was traded between RMB 16,180-16,220/mt in Shanghai. Traded prices of spot aluminum in Wuxi were between RMB...
Nonferrous Scrap: North America
Steve Solomon, Solomon Metals Corp. provides a commentary on the nonferrous scrap market in North America. The supply of copper scrap seems to be relatively consistent and buying metals is not as much a problem now. The markets have recovered from the large fall in September. Now that copper is...
Aluminum Association Highlights December 2, 2011
Back in October, we commented that investors were helping to drive aluminium prices lower by reducing their exposure to commodities in general, due to negative sentiment regarding the global economic outlook. Deteriorating market fundamentals in October justified the negative investor outlook....
SMM Morning Review - 2011/12/7 Aluminum Market
LME aluminum was pressured at the 30-day moving average during initial trading hours as Standard & Poor’s downgrade warning for euro zone countries weighed on metals. The market sentiment slight improved later after German manufacturing data came out better-than-expected, which helped LME aluminum...
Global aluminum demand to slow in 2012, says top producer
Norsk Hydro, one of the world’s top aluminum producers, sees growth in global aluminum demand weakening in 2012 as a result of economic turbulence that is creating a weak market and pushing many industry players into the red, reports Mineweb. The Norwegian miner’s stocks dropped 2.9 percent after...
Secondary aluminium flat in Europe on low demand, Q1 deals done
Aluminium alloy 226 prices stabilized in Europe this week in thin market conditions as consumers maintained minimum stocks in the run-up to the end of the year. First-quarter contract talks have continued this week and resulted in a number of buyers fixing prices at the prevailing spot levels. "It...
