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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East China Aluminum: Transactions Rare as Traders “Start” Holiday in Advance
Traded prices of spot aluminum in Shanghai were between RMB 16,920-16,950/mt on September 29th, with premiums of RMB 200-220/mt over the SHFE current-month aluminum price. Low-iron aluminum was traded between RMB 16,980-17,020/mt. Traded prices of spot aluminum in Wuxi were between RMB...
South China Aluminum: Market Reports Sparse Deals
Market staged sparse transactions in the Guangdong spot aluminum market on Thursday, as market players generally stayed away from the market for the upcoming National Day Holiday. Spot aluminum prices in Guangdong dropped sharply by RMB 200/mt, with prices below RMB 16,900/mt. Mainstream...
SMM Morning Review - 2011/9/29 Aluminum Market
Investors’ worries towards the European debt crisis soared again overnight due to divisions among European leaders on efforts to prevent Greece from bankruptcy . Later, the US Department of Commerce said August durable goods orders fell unexpectedly by 0.1% from July, which followed slips in...
Russian Metal Industry Continues to Shine
The revival of the global economy, increasing price of metals and cost competitiveness of large, vertically integrated companies are adding sheen to the Russian metal industry. In 2010, metallurgy and metal products generated over four times higher revenues than the mining industry. New analysis...
Aluminium leads the non-ferrous pack
Primary aluminium production is steady and so are inventories—both with producers and LME warehouse stocks. Aluminium has been an outperformer among non-ferrous metals. Between January and now, its price on the London Metal Exchange (LME) has fallen by 12%, only half of the decline suffered by base...
Buyers Accumulate Shares of Century Aluminum, Up 8.4%
One of today's notable stocks on the rise is Century Aluminum (NASDAQ:CENX), up 8.4% to $10.15. The S&P is trading higher by 2.3% to 1,189 and the Dow is trading 2.3% higher to 11,298. Century Aluminum has overhead space with shares priced $10.35, or 29.4% below the average consensus analyst price...
Destocking Wave Soars at Aluminum Plate, Strip & Foil Producers on Terminal Demand Plunge
Disappointing sales for home appliance have exposed producers to stock pressure as well as excessive capacity woes. The destocking wave has now spread into the aluminum plate, strip & foil industry. China’s “old-for-new” and “countryside home appliance” programs have failed to drive up home...
South China Aluminum: Cargo-holders Sell Goods at Low Prices before Holiday on Bearish Outlook
Few deals were done in the spot aluminum market in Guangdong on Wednesday, with downstream producers making limited purchases. Despite that SHFE aluminum prices narrowly fluctuated after opening higher on Wednesday, cargo-holders were still bearish towards the outlook, and actively sold goods at...
East China Aluminum: Pre-holiday Stock Building Ends, Goods Holders Wait
Traded prices of spot aluminum in Shanghai were between RMB 17,110-17,150/mt on September 28th, with premiums of RMB 180-200/mt over the SHFE current-month aluminum price. Low-iron aluminum was traded between RMB 17,180-17,220/mt. Traded prices of spot aluminum in Wuxi were between RMB...
Azerbaijan raises aluminum export
Azerbaijan exported aluminum worth $3,303,000 in January-August. According to sources in the State Customs Committee, compared to the same period of the last year, the aluminum export in price equivalent has increased by 78.67% or $1.356m. The share of export of aluminum and aluminum wares in the...
SMM Morning Review - 2011/9/28 Aluminum Market
The active efforts by European leaders to seek solutions for a highly possible default by Greece helped calm investors overnight. Though later announced September Consumer Confidence Index in the US missed market expectation and indicated difficulties for consumer market to improve, the US dollar...
Base Metals Retreated On Optimism Over European Debt Crisis Recovery
Investor's hopes on the European policy makers to come out with a credible plan to cut Greece debts and recapitalize banks led the metals to rebound form steep losses but the uncertainties at the moment are cramping the metals to trade at higher levels. Also, ECB is planning for meeting in the next...
North American aluminum demand rises 6% through July: association
Preliminary estimates indicate that aluminum demand in the US and Canada -- shipments by domestic producers plus imports -- totaled an estimated 12.317 billion lb during the first seven months of 2011, 6% above the same period of 2010, according to the Aluminum Association. Demand for...
Global Aluminium Market Will be Worth $99.9bn in 2011,Says Latest visiongain Report
The aluminium industry is emerging as one of the strongest markets after recession as the commodity is gradually gaining prominence in the recovering transportation and construction industries. The global aluminium market is a steadily growing market which is expected to follow a progressive above...
East China Aluminum: Spot Price Struggles at RMB 17,000/mt, Stock Building Only at Lower Prices
Traded prices of spot aluminum in Shanghai were between RMB 16,980-17,020/mt on September 26th, with premiums of RMB 180-200/mt over the SHFE current-month aluminum price. Low-iron aluminum was traded between RMB 17,020-17,050/mt. Traded prices of spot aluminum in Wuxi were between RMB...
South China Aluminum: Plunging Aluminum Futures Prices Result in Cautious Attitudes
LME aluminum prices kept dropping in the afternoon and again fell below USD 2,200/mt, pulling SHFE aluminum prices down after its afternoon opening. Downstream buyers in south China exited the market and were on the sidelines due to the intensified bearish mood, left only a low trading volume...
Hindalco Industries: Buy
The domestic aluminium operations with better margins will be the key driver for both sales and profit growth. Investors with a long-term perspective can consider buying shares in aluminium major, Hindalco Industries, despite upheavals in the global economy and the likely pressure on commodity...
SMM Daily Review - 2011/9/23 Aluminum Market
Most active SHFE 1112 aluminum contract gapped lower by over 2% at RMB 16,705/mt on September 23rd due to plunges in global financial markets overnight. The contract slipped slightly in the morning, and fell to a stop with other base metals contracts in the afternoon due to an inrush of short...
