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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SMM Aluminum Survey: Price Fluctuation Narrows, Buyers Wait for Chances
The SMM China Aluminum Ingot Trade Index slightly rebounded to 42.8%, up by 6.3% from previous week during August 15th to August 19th, but was still below the balance line of 50%. Domestic aluminum prices fluctuated in gradually narrowing ranges during the week. Though market trend was still...
Angel Broking neutral on NALCO
Angel Broking has maintained neutral rating on National Aluminium Company (NALCO), in its August 17, 2010 research report. “National Aluminium’s (Nalco) 1QFY2012 results were above our expectations. The company was able to sustain its margin on account of higher realisation. For 1QFY2012, Nalco’s...
July World Aluminum Output 2.175 Mln Tons, +78,000 Tons
Total world aluminum production in July rose by 78,000 metric tons to 2.175 million tons, according to figures released Monday. World production in June stood at 2.097 million tons. July production was up 119,000 tons compared to the same month of 2010, when output was recorded at 2.056 million...
RUSAL has no official offer on Norilsk share buyback plan
World's largest aluminium producer Russia's United Company RUSAL Plc said that no official offer has been made on Norilsk Nickel's plan to buy back 15% of its shares from RUSAL. RUSAL also said it was unaware of the reason behind sharp swings in its share price, which fell 9% on Monday to the...
Aluminum Use May Have Grown at Double-Digit Rate, Thurtell Says
Aluminum demand in July “appears to have grown at a double-digit annual pace for the third month running,” according to David Thurtell, an analyst at Citigroup Inc. in Singapore. He made his comments by e-mail after the International Aluminium Institute today said production averaged 70,200 metric...
Buy Hindalco; target of Rs 193: Sushil Finance
Sushil Finance is bullish on Hindalco Industries and has recommended buy rating on the stock with a target of Rs 193 in its August 17, 2011 research report. During the quarter ended Q1FY12, Hindalco Revenue is up by 16.2% YoY to Rs.60.3 Bn on the back of higher sales realization.
Alcoa's Got Mettle
Alcoa shined Monday as investors cheered an analyst upgrade of the aluminum giant's stock. Before Monday's opening bell, Davenport & Company analyst Lloyd O'Carroll and his team upgraded Alcoa (ticker: AA) from Neutral to Buy, and established an $18 price target for the stock, which represents more...
MCX Aluminum surges on domestic demand
Commodity reported that aluminum futures in India rose as pickup in demand from the domestic market and on tracking firm global markets. At MCX Aluminum August contract is now trading at INR 108.60 per Kilogram higher by 0.79% against the previous close. In the morning session the contract traded...
Southwest Aluminum H1 Profit Exceeds Billion Yuan
According to Southwest Aluminum on August 17 it has gained more than billion profit by producing high-value-added aluminum products and reached its historical record high. Since this year, domestic aluminum processing market begins to recover with demand for LED, emerging products and staple...
LME aluminium inventories jump more than 100Kt
Prices sold-off sharply yesterday and remain at lower levels this morning. Sentiment has taken another turn for the worst with bearish sentiment becoming increasingly engrained. SHFE stock data surprised by showing a draw of 8.8Kt in copper, which we believe also goes alongside draws in bonded...
Estimated N. American fabricated aluminum demand
Demand for semi-fabricated (mill) products was up 4.9% to a total of 7.386 billion lb in the same period. Year-to-date, apparent consumption (demand less exports) in domestic markets totaled an estimated 8.683 billion lb, 3.7% above the previous year. Demand for aluminum semi-fabricated (mill)...
Estimated N. American aluminum demand up 7.4% in first half: trade group
Preliminary estimates indicate that aluminum demand in the US and Canada (shipments by domestic producers plus imports) totaled an estimated 10.652 billion lb during the first half of 2011, 7.4% above the same period of 2010, according to the Aluminum Association. Exports of aluminum ingot and mill...
Research and Markets: Laminated Aluminum Foil Manufacturing for Flexible Packaging Uses Industry in the US and its International Trade [2011 Q3 Edition]
Research and Markets has announced the addition of Supplier Relations US, LLC's new report "Laminated Aluminum Foil Manufacturing for Flexible Packaging Uses Industry in the US and its International Trade [2011 Q3 Edition]" to their offering. This 2011 publication of Laminated Aluminum Foil...
WATCH FOR CONTINUED LIQUIDATION 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 $16.57. Approximately 338,000 shares have traded hands yesterday vs. average 30-day volume of 380,000 shares. Aluminum of China closed at $16.7, approximately 16.8% below its 50-day moving average of...
Shares of Noranda Aluminum Under Pressure, Down 9% (NOR)
Noranda Aluminum (NOR) is one of today's notable stocks in decline, down 9% to $9.98. The S&P is currently trading 4.1% lower to 1,145 and the Dow Jones Industrial Average is trading 3.6% lower to 11,004. Noranda Aluminum is in SmarTrend's Aluminum industry and this industry is currently in a...
GERMAN SEMI-FINISHED ALUMINIUM H1 OUTPUT RISES
Germany's rolled aluminium products output in the first half of the year was 948,152 mt, up slightly from 946,508 mt in the first half of 2010, the German Aluminium Association, GDA, said in a report this week. German aluminium rolled products output in the second quarter was 458,460 mt, down...
Al market in surplus in H1 2011
The primary aluminium market remained in surplus for the period January to June 2011. According to the World Bureau of Metal Statistics the market surplus was 221.3kt which compares with a surplus of 516.2kt registered in H1 2010 and with a surplus of 1036kt in the whole of 2010. Demand for primary...
Reliance Steel and Aluminum (RS) Showing Bearish Technicals With Support At $39.33
Reliance Steel and Aluminum (NYSE:RS) closed Wednesday's choppy trading session at $40.34. In the past year, the stock has hit a 52-week low of $34.58 and 52-week high of $60.60. Reliance Steel and Aluminum (RS) stock has been showing support around $39.33 and resistance in the $41.95 range....
