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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Constellium says no orders fall but eyes 2012 demand
French aluminium products maker Constellium has not seen an order drop from the increasingly uncertain economic climate, but it expects zero to negative growth in some of its business segments for the remainder of the year, and there are question marks over 2012, its chief executive said on...
BHP Billiton plc market analysis
BHP Billiton plc (ADR) (NYSE:BBL) moved up 4.26%, to close at $65.79 and its overall traded volume was 1.10M shares in the last trading session. BBL opened the day at $64.69, it made an intraday low of $64.38 and an intraday high of $65.82. The 52-week range of the stock is $57.60 – $86.96. The...
Rusal Sees Aluminum Demand Staying Firm
The world's top aluminum producer UC Rusal expects global demand for the metal to stay robust despite economic worries in the West, a senior executive said on Thursday. The group see worldwide demand growing by 10 percent in both 2011 and 2012, Vladislav Soloviev, Rusal's first deputy CEO, said....
Aluminum Metal Supplies Related to Bank Financing - LME
The increase in orders to take aluminum out of Detroit warehouses is related to banks using the metal for financing, said Martin Abbott, chief executive officer of the London Metal Exchange. The increase in so-called canceled orders at Detroit warehouses monitored by the LME is unrelated to “real”...
Noranda Aluminum Aluminium with the Highest Upside Potential (NOR, AA, CENX, AWC, K)
Below are the top companies in the Aluminum industry as measured by the potential gains between the current stock price and the projected average analyst target. Noranda Aluminum (NYSE:NOR - Snapshot Report) has a potential upside of 61.4% based on a current price of $10.78 and an average consensus...
Airbus SAS Says May Purchase 5%-10% More Aluminum Next Year
Airbus SAS, the world’s biggest commercial planemaker, expects to buy 5 percent to 10 percent more aluminum in 2012 on strong demand for aircraft, said Elmar Luetjen, the company’s head of procurement, materials aluminum. “Next year we are absolutely confident in our demand planning,” Luetjen said...
Chinese Cutbacks Could Signal Higher Aluminum Prices
Global aluminum output has been steadily rising since the start of the year, supported mainly by Chinese and Middle East/Gulf growth with the market in a net surplus of 221,300 metric tons, according to the World Bureau of Metal Statistics. Long-awaited production cutbacks in China failed to...
South China Aluminum: Market Sentiment Slightly Improves, Transactions Remain Limited
Spot aluminum market sentiment slightly improved after most active SHFE aluminum contract opened higher to struggle at RMB 17,450/mt, with spot aluminum prices slightly rising. Mainstream trading prices in the region were between RMB 17,940-17,960/mt. With sufficient supply, market transactions...
East China Aluminum: Transactions Rare as Downstream Buyers Stay Back
Trading prices of spot aluminum in Shanghai were between RMB 17,800-17,830/mt on September 8th, with premiums of positive RMB 10-40/mt over SHFE current-month aluminum prices. Low-iron aluminum was traded between RMB 17,860-17,900/mt. Trading prices of spot aluminum in Wuxi were between RMB...
Rio Tinto Alcan CEO: Stable Aluminum Stocks Will Be Short-lived
The stabilization of aluminum inventories in exchange-approved warehouses may be short-lived as a result of a rising surplus during the second half, the chief executive of Rio Tinto Alcan said Thursday. According to Jacynthe Cote, total inventory has been declining in the number of weeks of...
Warehouse finance deals hit availability-Rio Tinto Alcan
An extended period of low interest rates around the world suggest that the warehouse financing deals eating into aluminium availability for consumers will remain intact for a while yet, the chief executive of Rio Tinto Alcan said on Thursday. "Financial deals remain attractive for an extended...
Russia Regulator Probes Rusal Over Market Abuse Allegation
Russian Federal Anti-Monopoly Service, or FAS, said on Wednesday it has launched an investigation against the world's biggest aluminum producer United Co. Rusal PLC (0486.HK), suspecting the company of abusing its dominant position in the local market. FAS's investigation concerns a Rusal trading...
Parabolic SAR Sell Signals – Barnes Group Inc
Barnes Group Inc.(NYSE:B) percentage change grew 1.18%, to close at $21.44 and its overall traded volume was 972,509.00 shares in the last trading session. B shares were trading within the range of $20.42-$21.51 while its opening price was $20.53. The 52-week range of the stock is $15.99 – $25.85....
Market Analysis – Alumina Limited
Alumina Limited (ADR)(NYSE:AWC) fell -3.33%, to close at $6.96 and its overall traded volume was 89,790.00 shares in the last trading session. AWC opened the day at $6.72, it made an intraday low of $6.72 and an intraday high of $6.98. The 52-week range of the stock is $6.49 – $11.46. The market...
SMM Morning Review - 2011/9/8 Aluminum Market
The USD 300 billion job package scheduled to be announced by Obama today, combined with successful approval of austerity plan in Italy meaning lower default risk, boosted investor risk appetite overnight, with US stock markets surging by over 2% and the US dollar index closing 0.47% lower at...
Alumina Limited : 2011 Shareholder Half Year Update
We are pleased to report to you on Alumina’s improving earnings during 2011 and the increased interim dividend payable to shareholders. Earnings growth driven by higher realised alumina prices and solid operational performance Alumina’s underlying earnings in the half year to June 2011 increased to...
Russia Suspects Rusal Of Abusing Its Dominant Market Position
Russian Federal Anti-Monopoly Service, or FAS, has commenced a lawsuit against the world's biggest aluminum producer United Co. Rusal PLC (0486.HK), suspecting the company of abusing its dominant position on the local market. FAS has started the lawsuit against a Rusal trading subsidiary, which it...
Global and China Automotive Aluminum Wheel Industry Report, 2010-2011 - new market research report
In 2010, the global aluminum wheel output reached about 200 million, up 25.9% from 159 million in 2009. It is expected that the output in 2011 will be 216.6 million, up 8.3%. China's aluminum wheel output surged by 52% from 65.6 million in 2009 to 99.80 million. The aluminum wheel output of the...
