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
Aluminum futures may go down further on MCX
Commodity reported that MCX Aluminum October contract traded with the negative node and settled -1.31% down at 106.75 as the European debt bailout negotiation bogged down again overnight following a rating cut for Spain and divergence on EFSF expansion. Later Fed said that the US economy continued...
Alcoa and Century Aluminum to Benefit From Stabilized Prices and Skyrocketing Demand
Aluminum prices have fallen approximately 10 percent this year amid concerns that the global economic slowdown may cut demand for raw materials. While that number may be alarming, ten percent is the smallest drop among the six industrial metals traded on the London Metal Exchange. Aluminum demand...
Hero MotoCorp up on strong results; how will it play ahead?
The street gave a thumbs up to Hero MotoCorp ’s second quarter results as net profit accelerated better-than-expected 19.4% year-on-year to Rs 604 crore and sales rose a robust 28% to Rs 5,784 crore. The stock hit a high of Rs 2,086.25, up over 4% in morning trade. Auto sales have slowed down this...
SMM Morning Review - 2011/10/20 Aluminum Market
The European debt bailout negotiation bogged down again overnight following a rating cut for Spain and divergence on EFSF expansion. Later Fed said the US economy continued to grow slowly in September, but with a dim outlook, which led to a selling wave for stocks and commodities at the tail of...
Aluminium financing deals could unravel -analysts
Financing deals that have tied up most aluminium inventories in warehouses could unravel as the global economic crisis deepens and banks look to unlock funds, said William Adams, an analyst at Basemetals.com, on Wednesday. "There is a potential for further problems on the banking side of things,...
Alcoa CEO: Aluminum Market Will Double Until 2020
Aluminum producer Alcoa may have fallen short of analysts’ expectations when it reported its third-quarter earnings, but CEO Klaus Kleinfeld is positive about the company and where it’s going. “Aluminum fundamentals are great,” Kleinfeld told Cramer. “We had 13 percent growth of demand last year....
SMM Daily Review - 2011/10/18 Aluminum Market
The most active SHFE 1112 aluminum contract gapped lower at RMB 16,570/mt on October 18th after Germany denied a final solution deadline for the euro zone debt crisis. Due to strong short selling, the contract plunged over 2% to RMB 16,320/mt after its opening, and narrowed losses with...
Base metals drop on global cues
Base metal prices dropped at the non-ferrous metals market here today on hectic stockists selling reacting to fall in the London Metal Exchange (LME). The industrial metals declined at the London Metal Exchange over German comments that European summit at Brussels could not produce a definitive...
Indal Sales Volume Up 30% in 2012
PT Indal Aluminium Industry Tbk (INAI) targets sales volume in 2012 to rise 30 percent to approximately 12,500 tons. Sales volume target in 2011 is 9,600 tons.
Major aluminum market developments in September
Aluminum prices were pounded in September by growing concerns for global demand prospects and while the market has steadied above those lows, some analysts expect it to fall back to levels where producers will start to curb output. Mr Will Adams analyst of Fastmarkets said that "I think metals...
East China Aluminum: Aluminum Futures Plunge 2%, Only Inquiries from Middlemen
Traded prices of spot aluminum in Shanghai were between RMB 16,530-16,560/mt on October 18th, with premiums of RMB 50-80/mt over the SHFE current-month aluminum price. Low-iron aluminum was traded between RMB 16,600-16,640/mt. Traded prices of spot aluminum in Wuxi were between RMB...
South China Aluminum: Transactions Increased Due to Replenishment at Low Prices
Price declines in the SHFE aluminum market narrowed on Tuesday after tumbling. Spot aluminum prices in south China fell by about RMB 300/mt, with mainstream transactions done at RMB 16,600-16,640/mt. Since there was limited room for aluminum prices to drop further after plunges, middlemen and...
SMM Morning Review - 2011/10/18 Aluminum Market
The global market sentiment turned bearish again after Germany denied the final solution deadline and the New York Fed said October manufacturing activities contracted for a fifth straight month. The US dollar index again returned to above 77. After hitting an intraday high of USD 2,256.5/mt, LME...
South China Aluminum: Aluminum Futures Drop Further with Wait-and-See Sentiment Growing
SHFE aluminum dropped further in the afternoon on Monday, causing spot aluminum prices in south China to fall. Traded prices were dragged down by depressed downstream consumption to nearly RMB 16,900/mt. Despite bearish outlook, cargo holders were reluctantly to sell goods at low prices. There was...
The Aluminium Market Analysis, Financials and Forecasting 2011-2016
Our latest materials report The Aluminium Market Analysis, Financials and Forecasting 2011-2016 analyses this dynamic commodity and reveals prevailing trends and anticipates the progression in the global aluminium industry over the next five years. The report also surveys recent market trends among...
Govt readies for BALCO disinvestment
With anaemic markets putting paid to big-bang market-led disinvestment plan for the year, the government is reworking its strategy to reach closer to its Budget target of Rs 40,000 crore from the sale of its share in public sector units. A couple of options are on the table, from buyback,...
SMM Morning Review - 2011/10/17 Aluminum Market
China’s preliminary results from its inflation fight and a deadline for a bailout plan for the European debt crisis during the G20 summit eroded momentum of the US dollar index to return above 77 last Friday. However, LME aluminum only rose slightly during the day due to weaker Chinese demand...
North American aluminum orders rise 7.6%
North American aluminum orders jumped 7.6 percent in September compared with August, indicating a brightening in aluminum manufacturers’ views on the American economy, according to Davenport & Co. LLC research based on Aluminum Association data. "The rise in orders reflects a more positive outlook...
