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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Hydro: Demand to remain strong
Norsk Hydro expects aluminium demand to remain strong, despite the current economic gloom. Its CEO Svein Richard Brandtzæg told a capital markets day that aluminium fundamentals remain promising due to the metal’s many positive qualities, including its light weight and recyclability. He said world...
Base Metals Receding, Weighed By European Debt Woes
Base metals continued to trade southwards on Wednesday amid strengthening US dollar and mounting European debt crisis contagion fears still dogged out in the market. Eurozone finance ministers agreed to leverage EFSF by introducing two options, sovereign bond partial risk protection and a...
Aluminium inflows rise on dollar crunch, poor demand
Large shipments of aluminium are expected to arrive into London Metal Exchange (LME) warehouses in December as a souring economic outlook crimps demand and a European dollar crunch intensifies the need for cash ahead of the year end. Producer metal has become more freely available as consumers have...
UPDATE -Norsk Hydro sees demand growth slowing in 2012
Norsk Hydro ASA sees growth in global aluminium demand slowing next year as a result of economic turbulence that is creating a weak market and pushing many industry players into the red. Hydro, one of the world's top aluminium producers, said it saw demand for primary aluminium outside China rising...
Aluminium scrap market
Select aluminium declined in a restricted trade at the non-ferrous metal market here today on stockist selling as well as subdued industrial offtake following bearish London Metal Exchange (LME) trend. The industrial metal weakened after comments from European Central Bank about worsening eurozone...
Aluminum Association Highlights (for week ending Nov 25)
The slide in aluminium prices continued last week. Market View by Lloyd O’Carroll, Davenport & Company The slide in aluminium prices continued last week. The LME cash price is closing in on $2000/t which would be the lowest price since July 2010. The decline was justified in our view given a litany...
Alumina Makes a Move: Up 10.9%
One of today's stocks on the move is Alumina (NYSE:AWC), up 10.9% to $5.40. The S&P is trading higher by 3.1% to 1,195 and the Dow is trading 2.7% higher to 11,540. In the past 52 weeks, Alumina share prices have been bracketed by a low of $4.86 and a high of $11.46 and are now at $5.40, 11% above...
Alcoa's Upstream Value Not Shaken by Economic Uncertainty
Aluminum is a highly cyclical industry, and Alcoa's (AA) shipments have not yet recovered to prerecession levels; aluminum prices are still more than 35% below their 2008 peak after losing some of their gains in the past few months. We think that long-term fundamentals support aluminum demand and...
Shanghai Metals Market Morning Review - 2011/11/28 Aluminum Market
Italian bond yields surged to new highs last Friday. Standard & Poor’s downgraded Belgium’s debt rating and offered a negative outlook for the country. Mounting worries towards the European debt crisis caused a continuous slip in the Euro while the US dollar index surged to 79.702 supported by its...
Aluminium futures continues to trade lower on MCX
MCX Aluminium traded with the negative node and settled -1.67% down at 106.3 as HSBC’s November China PMI contracted unexpectedly. Demand was weak at major consumption countries. Disappointing results of German bond sales added to worries that the Euro zone debt crisis is spreading into core...
ALUMINIUM-Major market developments in October
Aluminium prices may have made some gains during October, but they have since fallen and will remain under pressure in coming months as demand worries persist. With as much as half of the industry losing money at current prices producers are likely to respond by curbing output. "Something has to...
SMM Morning Review - 2011/11/24 Aluminum Market
HSBC’s November China PMI contracted unexpectedly. Demand was weak at major consumption countries. Disappointing results of German bond sales added to worries that the Euro zone debt crisis is spreading into core countries of the region. As a result, investors sold their commodities to buy the...
South China Aluminum: Consumption Decreases, Prices Hit Low Point Again
The most active SHFE aluminum contract prices slipped rapidly after s brief rally on Wednesday. In the afternoon, prices dropped further, and consumption in South China spot market decreased significantly as a result. With the approach of month end, downstream buyers were facing financial pressure,...
SMM Morning Review - 2011/11/23 Aluminum Market
LME aluminum previously climbed and hit an intraday high of USD 2,102/mt overnight after rating agencies successively confirmed their ratings for the U.S. However, a downward adjustment for the U.S. GDP during the third quarter added to the slightly bearish market sentiment, which trimmed gains of...
Stock Investors Sell Off Shares of Alumina, Down 4.7%
Alumina (NYSE:AWC), a company whose shares are moving quickly, is trading 4.7% lower to $5.32. The S&P is currently trading 2.3% lower to 1,188 and the Dow Jones Industrial Average is trading 2.5% lower to 11,496. Alumina Limited is an Australian resource company that produces alumina. The Company...
Latest Q4 2011 Figures for the Aluminum Die-Casting Foundries Industry in the U.S. and its International Trade
Research and Markets has announced the addition of Supplier Relations US, LLC's new report "Aluminum Die-Casting Foundries Industry in the U.S. and its International Trade" to their offering. This latest 2011 Aluminum Die-Casting Foundries Industry report provides the most updated market research...
Aluminium prices, coal shortage a dampener for Nalco
State-run Nalco's per share earnings for the July-September quarter reduced by a third compared to a year ago as the company's operating expenses rose almost 30% and the lack of availability of coal compelled the aluminium producer to cut down production at its Angul unit in Orissa, thereby...
Shanghai Metals Market Morning Review - 2011/11/18 Aluminum Market
Nearly 7% yields for Spanish debt and a 0.5 percentage point surge in French 2-year and 4-year debt overnight may indicate that the European debt crisis is spreading from peripheral countries to core countries of the Euro zone. Selling for commodities accelerated as investors’ risk aversion...
