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
Aluminium Registers Surplus In Jan-Sep, Lower On A Y-o-Y Basis
Aluminium markets situation looks more comfortable than Copper even though the surpluses in the former are high. The Aluminium markets recorded a surplus of 638500 tons during Jan-Sep 2011, this was down by 25% from 859000 tons surplus registered in Jan-Sep 2010. The calculation by World Bureau of...
Shanghai Metals Market Morning Review - 2011/11/17 Aluminum Market
Investor worries towards contagion of the European debt crisis continued to weigh on global markets. Later released October industry output and NAHB housing market index growth beat market expectations, which helped weaken the bearish market sentiment. LME aluminum previously dipped to the intraday...
Aluminium to fall further, to $2,097/T
LME aluminum will fall to $2,097 per tonne, a low touched on Nov. 10, as pointed by the lower channel line of a falling channel. There are two small five-wave cycles on the fall from the Nov. 14 high of $2,197, indicating the metal is riding on a powerful wave (3) which will become a key driver in...
Global Aluminum Electrolytic Capacitors Market to Reach US$10.4 Billion by 2017, According to a New Report by Global Industry Analysts, Inc.(GIA)
GIA announces the release of a comprehensive global report on Aluminum Electrolytic Capacitors market. The global market for aluminum electrolytic capacitors is forecast to reach US$10.4 billion by the year 2017, driven by the rising demand for these products in end-use markets such as energy and...
SMM Morning Review - 2011/11/16 Aluminum Market
The worsening European debt crisis as reflected to surging debt yields and a spread to Spain and positive US economic data pushed the US dollar index to 78 again overnight, damping longs’ confidence and thereby dragging down LME aluminum by USD 24.8/mt or 1.14% to USD 2,140.3/mt. Total positions...
Nalco aims 30000-60000 tonne additional alumina sale in Q3
During the second quarter FY12, Nalco 's net sales were up 8.9% at Rs 1583.7 crore versus Rs 1454.7 crore (YoY) and profit after tax (PAT) was down 38% at Rs 139.3 crore versus Rs 224.04 crore (YoY). The second quarter results were well below the street?s estimates in terms of earnings. A huge fuel...
Noranda Aluminum Ranks the Lowest in Terms of Price to Sales Ratio in the Aluminum Industry (NOR, AA, KALU)
Below are the three companies in the Aluminum industry with the lowest price to sales per share ratios. Often companies with the lowest ratio present the greatest value to investors. Noranda Aluminum (NYSE:NOR) is lowest with a price to sales ratio of 0.37. Noranda Aluminum Holding Corp is an...
Shares of Kaiser Aluminum Under Pressure, Down 4.0%
Kaiser Aluminum (NASDAQ:KALU) is one of today's biggest movers, down 4.0% to $46.37. The Dow is down 2.1% to 11,920 and the S&P is currently down 2.3% to 1,247. In the past 52 weeks, Kaiser Aluminum share prices have been bracketed by a low of $40.12 and a high of $57.29 and are now at $46.37, 16%...
Hindalco Q2 net lags f'cast, sees tough H2
Non-ferrous metals producer Hindalco Industries lagged estimates with a 16 percent rise in quarterly net profit and warned the second half of this fiscal year would be tough due to global economic uncertainty and cost pressures. The firm, part of the diversified Aditya Birla Group, said on Thursday...
SMM Morning Review - 2011/11/11 Aluminum Market
Weak overseas demand narrowed China’s trade surplus in October. The Italian debt issue was continuously weighing on global markets. Good news were that US new unemployment claims dropped to 390,000, a seven-month low, for the week ending on November 5th and Standard & Poor’s denied rumors that...
Russia Jan-Sep Aluminum Exports 2.54 Mln Tons
Russia exported 2.54 million metric tons of aluminum in the first nine months of the year, 2.4% more than in the corresponding period last year, the federal customs service said Wednesday. The aluminum exports amounted to $5.436 billion compared with $4.454 billion in the same period last year....
UPDATE 2-Argentine Aluar says to miss 2011 output target
Argentina's biggest aluminum producer, Aluar (ALU.BA), will not meet its expected output of 475,000 tonnes this year as recent heavy rains flooded its smelter, the company's chief executive said on Wednesday. Aluar's primary aluminum production plant in the southern city of Puerto Madryn, will be...
Hydro puts off restart of idled Sunndal capacity
Norwegian aluminium producer Norsk Hydro said on Wednesday it would not restart currently idled capacity at its Sunndal primary aluminium smelter in Norway until market conditions pick up. The company's Sunndal 3 production line was idled in early 2009 in response to weak demand. "We announced in...
Aluminum Association ‘Aluminum Highlights’ for the week ending Friday, November 4.
The impact of the Eurozone crisis on price and demand has been dramatic. Aluminium prices currently trade at a around $2150/t, well below the marginal cost of production. And global demand prospects have weakened. In Europe, sheet and extrusion markets are now declining, with prospects for 2012...
Aluminium foils packaging market optimistic despite decline - EAFA
The decline brings the total aluminium foil production down to around 609,000 tonnes, according to data published by the European Aluminium Foil Association (EAFA). Whereas, exports of aluminium foil outside of the EAFA region - which represents aluminium foil flexible packaging manufacturers...
Shares of Alumina Under Pressure, Down 4.8%
Alumina (NYSE:AWC) is one of today's notable stocks in decline, down 4.8% to $6.11. The Dow is down 2.1% to 11,920 and the S&P is currently down 2.3% to 1,247. Over the past year, Alumina has traded in a range of $5.15 to $11.46 and is now at $6.11, 19% above that low. The 200-day and 50-day moving...
SMM Morning Review - 2011/11/10 Aluminum Market
Mounting investor worries towards debt woes of Italy had pushed yield of Italian public debt to 7.502% overnight, a new high since establishment of the Euro zone. A selling wave for the Euro and commodities also started. The US dollar index, supported by increased haven demand, surged to the 78...
Aluminum in Poland - Market Report - new market research report
The Polish aluminum industry had total revenues of $105.3 million in 2010, representing a compound annual rate of change (CARC) of -9.3% for the period spanning 2006-2010. Industry production volumes decreased with a CARC of -5.1% between 2006 and 2010, to reach a total of 46.9 thousand tons in...
