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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Output Value of Kingle Aluminium Estimated to Reach 3 Billion
Yesterday, in the production workshop of Kingle Aluminium Technology Stock Co., Ltd, the automatic production lines were running in high speed and all the workers were working feverishly. It is because the company has just signed a one billion order for aviation aluminium and electronic aluminum....
Century Aluminum (CENX) Trading Near $12.56 Resistance Level
Century Aluminum (NASDAQ:CENX) closed Thursday's up-and-down trading session at $11.49. In the past year, the stock has hit a 52-week low of $8.72 and 52-week high of $20.76. Century Aluminum (CENX) stock has been showing support around $10.92 and resistance in the $12.56 range. Technical...
Equity Research on Reliance Steel & Aluminum Co. and Precision Castparts Corp. - Positive Trends for Metal Fabrication
Stockcall.com offers investors comprehensive research on the Metal Fabrication industry and has completed analytical research on Reliance Steel & Aluminum Co. RS -4.41% and Precision Castparts Corp. PCP -2.80%. There are several positive trends affecting the Metal Fabrication sector lately....
South China Aluminum: Buying Interest Low, Low-priced Supply Limited
Buying interest in spot aluminum market of south China was low today with no purchases to build up inventories being reported. Goods holders were in no urgent need to sell, with only extremely few offered low-priced goods. Mainstream trading prices in the area were between RMB 17,930-17,970/mt....
East China Aluminum: Trading Prices Fall with Low Market Sentiment
Trading prices of spot aluminum in Shanghai were between RMB 17,780-17,820/mt on September 2nd, with premiums of positive RMB 40-80/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...
SHFE aluminium slip on profit-taking
Shanghai Futures Exchange copper and aluminium fell back on profit-taking on Thursday but remained near a three-week high after China's manufacturing index rebounded from a 29-month low.
Aluminium supply contracts unlikely to settle in Paris- market sources
The volume of long-term business concluded at MB's 26th International Aluminium Conference in Paris next week, traditionally seen as the start of mating season, will be limited by the lack of direction in the market, buyers and sellers said. The economic turmoil in the USA and Europe in recent...
Aluminum Price Regain
Harbor Intelligence predicts that aluminum price will regain to $2,702 /Ton during the rest of 2011, and $3,100/Ton in 2012, while during 2013-2014, it will reach $3,400/Ton. Harbor Intelligence also said that three months futures at LME will decrease 3.7%,due to the weak demand of spot products...
Nalco (NLC) Could Fall Through $35.23 Support Level
Nalco (NYSE:NLC) closed Tuesday's meandering trading session at $36.41. In the past year, the stock has hit a 52-week low of $22.32 and 52-week high of $37.34. Nalco (NLC) stock has been showing support around $35.23 and resistance in the $37.15 range. Technical indicators for the stock are...
US secondary alloy market sees glimmer of hope
Secondary aluminum alloy producers are pushing for higher prices, backed by stronger London Metal Exchange prices and a slight uptick in auto demand. While A380.1 prices were flat at $1.18 to $1.19 per pound this week, producers said they have started quoting at $1.20 to $1.21. And while no...
East China Aluminum: Middleman Purchases at Lower Prices Rise with Lower Capital Pressure
Trading prices of spot aluminium in Shanghai were between RMB 17,820-17,860/mt on Sept. 1st, with premiums of RMB 50-100/mt over SHFE current-month aluminium prices. Low-iron aluminium was traded between RMB 17,860-17,900/mt. Trading prices of spot aluminium in Wuxi were between RMB...
Goldman Cuts Aluminum Forecast on Weaker Developed Economies
Goldman Sachs Group Inc. (GS) lowered its estimates for aluminium prices through 2013, citing “weaker” growth in developed economies. The metal will trade at $1.18 a pound next year, down from a previous forecast of $1.28, and before rebounding to $1.22 in 2013, below an earlier estimate of $1.30,...
US June Aluminum Output 167,000 Tons, Down Slightly On Month-USGS
U.S. domestic primary aluminum production in June was 167,000 metric tons, down slightly from 170,000 tons in May but up 18% from 141,000 tons a year earlier, according Thursday to the U.S. Geological Survey. The average daily U.S. primary aluminum production was 5,550 tons, slightly higher than...
Research and Markets: Aluminum in Venezuela - Industry Profile Report - Forecast of the Venezuela Aluminium Industry is Acceleration
Research and Markets has announced the addition of the "Aluminum in Venezuela" report to their offering. Aluminum in Venezuela industry profile provides top-line qualitative and quantitative summary information including: market size (value 2006-10, and forecast to 2015). The profile also contains...
Goldman Sachs Says Buy Alcoa (AA) on Weakness
Goldman Sachs reiterated their Buy ratings on Alcoa (NYSE: AA) following the recent sharp pull back in the shares on global growth and the sovereign issues in Europe. The firm expects demand for metal to remain fairly healthy driven by emerging markets. Also, supply demand fundamentals for metals...
Potential Reliance Steel and Aluminum (RS) Trade Has $37.07 Breakeven
Reliance Steel and Aluminum (NYSE:RS) closed Monday's dramatic trading session at $40.87. In the past year, the stock has hit a 52-week low of $36.62 and 52-week high of $60.60. Reliance Steel and Aluminium (RS) stock has been showing support around $39.01 and resistance in the $41.87 range....
East China Aluminum: Spot Quotes Mix, Spot Price Gains Limited
Trading prices of spot aluminum in Shanghai were RMB 17,800-17,850/mt on August 30th, with premiums of RMB 120-150/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 17,780-17,820/mt. Though...
SMM Aluminum Survey: Cargo-holders Actively Tout Goods on Capital Pressure
The SMM China Aluminum Ingot Trade Index trimmed previous week gains by 5.6% during August 22nd – August 26th to 37.2%, still below the balance line of 50% with downward pressure surging. SMM spot aluminum price stagnated at RMB 17,750/mt during the period. Due to seasonal low-demand, capital...
