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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Destocking hits Hydro’s rolled products unit
Norsk Hydro ASA is feeling the negative effects of destocking in its rolled products division, which posted a nearly 50-percent drop in volume in the third quarter over the previous three months. "Volume is down...on seasonality, but also (due to) what we call destocking in this segment,...
Giga Solar aluminum paste shipments to decrease in 2011, says chairman
Due to low demand in the market, shipments of aluminum paste for solar cells are expected to decrease around 30% in 2011, said Chi-jen Chen, chairman of Taiwan-based conductive paste maker Giga Solar.Prices are expected to decrease around 5% compared to the level at the beginning of the year,added...
East China Aluminum: Pressure Felt at RMB 16,500/mt on Excessive Supply
Traded prices of spot aluminum in Shanghai were between RMB 16,450-16,490/mt on October 27th, with premiums of RMB 20-40/mt over the SHFE current-month aluminum price. Low-iron aluminum was traded between RMB 16,420-16,480/mt in Shanghai. Traded prices of spot aluminum in Wuxi were between RMB...
South China Aluminum: Trading Market Still Quiet with Stalemate in Market
The most active SHFE aluminum contract stabilized with slight increase on Thursday, but met resistance at RMB 16,500/mt. Cargo holders in spot aluminum market in south China were active in selling goods but were reluctant to sell at low prices. Whereas downstream buyers just purchased as needed and...
China's Aluminum Market Will Move Into Surplus In 2013
The Chinese aluminum market will move into surplus in 2013 as new smelters in the country's western provinces come on stream, Janet Kong, managing director of China International Capital Corp., said Wednesday. China will see a deficit of around 500,000 metric tons in 2011 and another deficit in...
US Aluminum Premiums Climb as Demand Picks up
The U.S. primary aluminum market is seeing a surprisingly strong burst in spot purchases at the start of the quarter, with supplier order books filling up even as volatile financial markets dispel recovery hopes. The demand pickup has caught physical market players by surprise, many of whom...
U.S. aluminum premiums climb as demand picks up
The U.S. primary aluminum market is seeing a surprisingly strong burst in spot purchases at the start of the quarter, with supplier order books filling up even as volatile financial markets dispel recovery hopes. The demand pickup has caught physical market players by surprise, many of whom...
LME aluminium to retrace into $2,161-$2,175 range
LME Aluminum is expected to retrace into a range of $2,161-$2,175 per tonne, as a rebound from the Oct. 20 low of $2,077.75 could have completed. The rebound slowed after it approached a resistance at $2,230, the 38.2 percent Fibonacci retracement on the fall from $2,476 to $2,077.75, and the wave...
South China Aluminum: Violent Fluctuation in Futures Market with Active Transactions Only at Noon
Most active SHFE aluminum contract led a drop on Tuesday morning after rising high for 2 consecutive days, but strongly rebounded later driven by SHFE copper prices which surged to limit-up. This boosted confidence in aluminum prices among downstream buyers, with relatively high buying interest in...
Aluminium good business in long run
Prospects for the aluminium industry have worsened in the short term, with prices and margins weakening on fears of a global economic slowdown. Yet in the long term and the right environment, aluminium — used in a range of products from beverage cans to roofing — can be a good business. Natixis...
European aluminium scrap prices down but market confident
European aluminium scrap prices fell on Friday as market participants reported lower prices in the week, but prices had stabilised by Friday and ingot producers reported good business levels in the face of growing economic uncertainty. Floated frag fell to €1,260-1,320 ($1,732-1,814) per tonne from...
South China Aluminum: Remarkable Contrast in Futures and Spot Markets with Quiet Spot Trading
SHFE aluminum rallied significantly in the afternoon session on Monday, up nearly 3%. By contrast, spot aluminum market was quite lackluster, and downstream buyers in south China just purchased as needed. Although cargo holders actively sold goods at low prices, limited consumption pared increase...
SMM Aluminum Price Forecast (Oct. 24-28)
Aluminum inventories monitored by SHFE surged by 40,000 mt following China’s National Day holiday due to the approaching delivery date and weak consumption, taking inventories which fell to a record low since February 2008 before the holiday to above 100,000 mt. SHFE three-month aluminum contract...
East China Aluminum: Spot Fails to Track Futures on Capital Pressure
Traded prices of spot aluminum in Shanghai were between RMB 16,500-16,540/mt on October 24th, with premiums of RMB 0-50/mt over the SHFE current-month aluminum price. Low-iron aluminum was traded between RMB 16,580-16,600/mt in Shanghai. Traded prices of spot aluminum in Wuxi were between RMB...
Chalco Says Falling Prices May Cause Cash-Flow Difficulties
Aluminum Corp. of China Ltd., the country’s biggest producer of the metal, said some of its units may face “tough” cash-flow situations as prices continue to plummet, President Luo Jianchuan said. Prices have fallen close to production costs while China’s tightening monetary policies make financing...
Turkey becomes a big market for aluminium exporters
Aluexpo 2011, supported by Talsad, is also host of the 5th Aluminium Symposium organised together by Talsad, Tubitak MRC — The Scientific and Technological Research Council of Turkey, Marmara Research Center and Uctea Chamber of Metallurgical Engineers, was a place to discuss all aspects of Turkish...
SMM Morning Review - 2011/10/24 Aluminum Market
As investors were generally confident a bailout plan will be provided this Wednesday by European leaders, and after US Fed officials said they were considering providing more stimuli amid worries towards economic growth of their country, the US dollar index plunged last Friday, helping LME aluminum...
Scrap market
Snapping a four-day losing streak, base metals recovered up to Rs 5 per kg on the local non-ferrous metal market today on revival of buying by stockists on pick-up in industrial demand amid a firming global trend. The following were today''s quotations in Rs per kg:aluminium ingots 110, sheet...
