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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Aluminum Decline in Export
According to China Customs aluminum profiles exports are 77 thousand tons,an increase of 9.3% YOY, aluminum plate and aluminum strip exports are 128.8 thousand tons,an increase of 54.57% YOY. From the view of month-to-month, aluminum profiles decrease 29.8 thousand tons, aluminum foil keeps stable....
European secondary aluminium slips on economic fears
European secondary aluminium prices fell on Friday as the market felt the impact of the economic turmoil, but prices were relatively stable when compared to the large swings seen in other markets. DIN226 pressure diecasting ingot dipped to €1,800-1,880 ($2,432-2,540) per tonne,down from...
End-of-waste could hurt market, say UK secondary aluminium producers
UK aluminium scrap buyers are concerned that the forthcoming end-of-waste legislation will have an adverse effect on the domestic market by slashing supply levels and increasing prices. The end-of-waste legislation, which becomes effective throughout the EU on October 9, redefines certain types of...
Market weak on sluggish industrial demand
Traders said sluggish industrial demand and reports of a weak global trend mainly led to the decline in prices. Following were today’s quotations in Rs a kg: aluminium wire scrap 112 and aluminium utensils scrap 109.
Aluminum Is No Lightweight
Most metals already have claimed dominance in their respective areas of popular usage. Aluminum's light weight has made it the top material for airplane bodies.However, continuous innovation by metal producers has widened the range of potential uses for many metal products. Further, a divergence in...
SMM Morning Review - 2011/9/26 Aluminum Market
Panic asset selling continued on September 23rd, with LME aluminum hitting USD 2,187/mt, a new yearly low, at the tail of Asian trading hours. The metal fluctuated upward during European trading hours due to profit-taking in the US dollar, and finally closed at USD 2,204.8/mt, down USD 19.3/mt or...
China aluminium imports rise 55%MoM, SHFE inventories down 75% YTD
Even as concerns of a Chinese slowdown dominate markets, August data shows that Chinese primary aluminium imports rose a staggering 55% month-on-month in August at 11.7 Kt. Aluminium imports rose by 55% to 11.7Kt and exports of aluminum declined to 1.9 Kt making China a net-importer of the mental...
South China Aluminum: Spot Market Quiet after SHFE Metals Fell to Stops
SHFE aluminum soon fell to a stop after its afternoon opening on September 23rd. Though it resumed trading later, its loss was maintained near 4%, and spot aluminum market in South China turned quiet as a result. Transactions were slightly active before the afternoon opening as downstream buyers...
SMM Daily Review - 2011/9/22 Aluminum Market
Most active SHFE aluminum contract was changed to 1112 on September 22nd, and opened lower at RMB 17,005/mt in the morning. The contract dropped to an intraday low of RMB 16,860/mt later due to falling stock prices and strengthening US dollar, and finally closed at RMB 16,980/mt, down RMB 120/mt or...
Alcoa Stock Hits New 52-Week Low (AA)
Alcoa Inc (NYSE:AA) hit a new 52-week low Wednesday as it is currently trading at $10.93, below its previous 52-week low of $10.99 with 23.7 million shares traded as of 3:50 p.m. ET. Average volume has been 25 million shares over the past 30 days. Alcoa has a market cap of $12.3 billion and is part...
WBMS: Global Aluminum Market In 373,100-ton Surplus Jan-July
The global aluminum market was in surplus by 373,100 metric tons in the first seven months of the year, the World Bureau of Metal Statistics said Wednesday. This compares with a surplus of 562,800 tons in the same period a year before. Demand for primary aluminum in the first seven months of 2011...
SMM Daily Review - 2011/9/21 Aluminum Market
Most active SHFE 1111 aluminum contract opened lower at RMB 17,155/mt on September 21st, and rebounded later with climbing Shanghai stock prices to broke through the 5-day moving average. The contract remained strong in the afternoon, and finally closed at RMB 17,290/mt, up RMB 115/mt or 0.67% from...
LME aluminium bearish target of USD 2295 per tonne unchanged
A bearish target at USD 2,295 per tonne is unchanged for LME aluminium as a downward wave C is unfolding. This wave is expected to travel the same length as the wave A, to eventually arrive at USD 2,261, a 100% Fibonacci projection level, while a realistic target for Wednesday is USD 2,295, the...
Can China’s aluminium market self-correct?
China’s primary aluminium market is still showing every sign of being in supply-demand deficit. Stocks registered with the Shanghai Futures Exchange (SHFE) are still falling. As of last Friday they totalled 110,016 tonnes, down by 331,153 tonnes on the start of 2011 and the lowest level since the...
East China Aluminum: Spot Price Climbs with Gaining Futures, Reselling Dominates Market
Traded prices of spot aluminum in Shanghai were between RMB 17,530-17,560/mt on September 21st, with premiums of RMB 100-120/mt over SHFE current-month aluminum price. Low-iron aluminum was traded between RMB 17,600-17,640/mt. Traded prices of spot aluminum in Wuxi were between RMB...
SMARTREND DETECTS BROKEN SUPPORT LEVEL IN SHARES OF ALUMINUM OF CHINA (ACH)
Shares of Aluminum of China (NYSE:ACH - Analyst Report) traded at a new 52-week low yesterday of $13.72. Approximately 295,000 shares have traded hands yesterday vs. average 30-day volume of 454,000 shares. Aluminum of China closed at $13.77, approximately 23.3% below its 50-day moving average of...
Aug World Aluminum Output 2.184M Tons, +9,000 Tons On Month
Total world aluminum production in August rose by 9,000 metric tons on the month to 2.184 million tons, according to figures released Tuesday by the International Aluminum Institute. World production in July stood at 2.175 million tons. August production was up 123,000 tons compared with the same...
Aluminum shipments from US service centers rise in August
Aluminum shipments from US metals service centers in August showed improvement from both a year ago and the prior month, according to the monthly activity report from the Metals Service Center Institute. A total of 135,900 st of aluminum products were shipped by US service centers in August, an...
