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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Reliance Steel & Aluminum Bearish Moving Average Crossover Alert (RS)
Reliance Steel & Aluminum (NYSE:RS) crossed under its 10-day moving average of $39.64 on a volume of 173K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term. In the past 52 weeks, shares of Reliance Steel &...
South China Aluminum: Capital Pressure Mounts, Transactions Sparse
Mounting capital pressure at downstream processors as the month-end approaches, downstream consumption is not likely to improve. Stabilizing SHFE aluminum prices, on the other side, led to low-selling interest at lower prices among goods holders. However, a few traders with high capital pressure...
East China Aluminum: Aluminum Futures Stabilize, Supply & Demand Contract
Traded prices of spot aluminum in Shanghai were between RMB 17,470-17,510/mt on September 20th, with premiums of RMB 120-160/mt over SHFE current-month aluminum price. Low-iron aluminum was traded between RMB 17,560-17,600/mt. Traded prices of spot aluminum in Wuxi were between RMB...
Century Aluminum Bearish Moving Average Crossover Alert (CENX)
Today, shares of Century Aluminum (NASDAQ:CENX) have fallen below their 10-day MA of $11.18 on a volume of 379K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term. Century Aluminum share prices have moved between a...
Alcoa Bearish Moving Average Crossover Alert (AA)
Shares of Alcoa (NYSE:AA) have crossed bearishly below their 10-day moving average of $11.80 on a volume of 8.5 million shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term. In the past 52 weeks, shares of...
ALUMINA SHARES DOWN 24.1% SINCE SMARTREND SAID SELL (AWC)
SmarTrend identified a Downtrend for Alumina (NYSE:AWC - Snapshot Report) on August 04, 2011 at $8.13. In approximately 2 months since that trend was identified, Alumina has fallen 24.1% as of today's recent price of $6.17. In the past 52 weeks, shares of Alumina have traded between a low of $6.15...
SMM Daily Review - 2011/9/19 Aluminum Market
Most active SHFE 1111 aluminum contract gapped lower at RMB 17,100/mt on September 19th due to aggressive short selling, and climbed to an intraday high of RMB 17,290/mt during initial trading hours on profit taking by the shorts. After the longs were forced to exit due to worries towards a...
SMM Morning Review - 2011/9/20 Aluminum Market
A lack of breakthrough from European finance ministers on Greek aid, a downgrade of Italy debt rating to a negative outlook and a weaker than expected September house market index in the US all added to the bearish sentiment among investors overnight, with stock and base metals prices plunging and...
Brief Review - 2011/9/19 SHFE Aluminum Futures
Most active SHFE 1111 aluminum contract gapped lower at RMB 17,100/mt today due to aggressive short selling, and climbed to an intraday high of RMB 17,290/mt during initial trading hours on profit taking by the shorts. After the longs were forced to exit by worries towards a downgrade on Italy debt...
SMM Aluminum Price Forecast (Sept. 19-23)
Following China’s Mid-Autumn Festival holiday, SHFE 1111 aluminum contract prices rebounded after falling initially to RMB 17,250/mt, but still faced strong pressure at RMB 17,400/mt due to a lack of long momentum. Market sentiment was sluggish following the holiday due to European debt woes, and...
East China Aluminum: Transactions Limited as Bearish Tone Prevails
Traded prices of spot aluminum in Shanghai were between RMB 17,510-17,550/mt on September 19th, with premiums of RMB 120-160/mt over SHFE current-month aluminum price. Low-iron aluminum was traded between RMB 17,610-17,650/mt. Traded prices of spot aluminum in Wuxi were between RMB...
SMM Daily Review - 2011/9/16 Aluminum Market
Most active SHFE 1111 aluminum contract opened slightly higher at RMB 17,385/mt on September 16th. After hitting an intraday high of RMB 17,405/mt at the beginning of trading, the contract quickly slipped on profit taking by the longs with positions dropping by 3,758 lots, and finally closed at RMB...
Rusal Sees $120 Million Savings in Debt Costs After Refinancing
United Co. Rusal expects to save about $120 million in interest payments after completing debt refinancing talks this month, Deputy Chief Executive Officer Oleg Mukhamedshin said. Rusal, the world’s biggest aluminum maker, is “on track” to complete debt refinancing with all its lenders by the end...
South China Aluminum: Low Selling Interest Erodes Transactions
After most active SHFE aluminum contract trimmed gains from a higher opening on profit-taking by the longs, spot aluminum price in South China slightly dipped in response. Mainstream traded prices in the region were between RMB 17,730-17,760/mt. Goods holders’ selling interest turned low after spot...
East China Aluminum: Spot Price Stabilizes at Low-end, Stock Building on the Rise
Traded prices of spot aluminum in Shanghai were between RMB 17,650-17,680/mt, with premiums of RMB 130-150/mt over SHFE current-month aluminum prices. Low-iron aluminum was traded between RMB 17,730-17,750/mt. Traded prices of spot aluminum in Wuxi were between RMB 17,620-17,660/mt. Spot aluminum...
Aluminum in Australia - Latest Market Research Report
Reportstack, the provider of premium market research reports has announced the addition of 'Aluminum in Australia' market report to its offering. Aluminum in Australia industry profile provides top-line qualitative and quantitative summary information including: market size (value 2006-10, and...
SMM Morning Review - 2011/9/16 Aluminum Market
The US Department of Labor said on September 15th that August Consumer Price Index rose 0.4 percent from previous month with a growth doubling estimates, indicating speeding up inflation. New unemployment claims during the week ended on September 10th surged unexpectedly to 428,000. Later announced...
Secondary market - Eurometric review
There are sufficient quantities of low grade scrap aluminium available in Belgium, whereas high grade scrap materials are more difficult to obtain. Secondary aluminium smelters are fully booked until the end of this year. Secondary ingot prices are more or less stable, because of long delivery...
