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 Daily Review – 2011/8/18 Aluminum Market
Most active SHFE 1111 aluminum contract prices opened slightly higher at RMB 17,345/mt on August 18th, and hit an intraday high of RMB 17,430/mt in the morning with longs buying at lower prices. In the afternoon, most active SHFE aluminum contract prices fell to a lowest RMB 17,200/mt due to...
Southwest Aluminum H1 Profit Exceeds Billion Yuan
According to Southwest Aluminum on August 17 that 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...
Analytical Reports on Alcoa Inc. and Century Aluminum Co. - Aluminum Demand Strong in 2011
Global demand for aluminum could climb 12% this year due largely to Chinese industrialization. Growing demand has also led to a 10% uptick in aluminum prices to the benefit of the industry. Aluminum demand also has been strengthened by high copper prices and cost-conscious companies. Aluminum...
Aluminium Undeterred In The Mid Session Trades
Aluminium was undeterred in the mid-session trades. The lackluster session in the metals continued even after the inventories showed a downtrend on Wednesday. The Aluminium inventories in London metal exchange declined by 7100 tons to 4572250 tons. MCX Aluminium was seen trading at Rs. 106.9 per...
Argentine Stocks: Aluar Aluminio Argentino, Sociedad Comercial
The following companies are having unusual price changes in Argentine trading. Stock symbols are in parentheses and share prices are as of 11:15 a.m. New York time. The Merval Index climbed 1 percent to 3,013.87, its fourth day of gains in the past five sessions. Aluar Aluminio Argentino SAIC...
WBMS: World Aluminum Market In 221,300-ton Surplus January-June
The world aluminum market was in surplus of 221,300 metric tons in the first six months of the year, the World Bureau of Metal Statistics said Wednesday. This compares with a surplus of 512,600 tons in the same period the year before. Demand for primary aluminum in the first six months of 2011 was...
Base metal prices may tumble under pressure
Commodity reported that Industry metals tumble due to low demand in international market and weak US housing data released in next week. Base metals drifted by more than 1.5% down in opening trade amid weak global trend. Among all industrial metals, Aluminum future underperformed as prices drop by...
RUSAL to issue $1 bln worth of non-convertible bonds
Russia's UC RUSAL , the world's largest aluminium producer, said on Wednesday that it had registered the issue of up to 30 billion roubles ($1.04 billion) worth of interest-bearing non-convertible bonds.
SMM Morning Review – 2011/8/17 Aluminum Market
The Federal Statistical Office of Germany announced on August 16th Tuesday that GDP growth of the second quarter fell to 0.1%, which was much lower than market expectations, indicating a dim future for European top economy. It also added to risks of spreading of the European debt crisis. Meanwhile,...
Near-term concerns
While the standalone numbers were in line with analysts’ expectations, its global subsidiary Novelis, reported above-expected results. Going ahead, given the prevailing global scenario, Hindalco is likely to face some challenges. The declining LME aluminium prices (around $2,412 at present) do not...
Major aluminum market developments in July
Reuters reported that aluminum prices made gains in July only to fall sharply in early August as global demand concerns weighed, and while further falls are possible near term, the threat to supply from higher cost producers may lend support. Mr Nick Moore global head of commodity strategy at RBS...
Zhejiang Huadong Aluminum Co.,LTD Sale Revenue Ranks the 48th of Non-ferrous Metal Industry
According to China Nonferrous Metals Industry Association recently that Huadong Aluminum ranks the 48th in Chinese non-ferrous industry with CNY 3.926 billion sale revenue.
China Zhongwang 18% Gross Profit has Hit the Bottom
China Zhongwang is still subjected to U.S. anti-dumping and anti-subsidy policy with 80% or 0.412 billion Yuan less profit. Nevertheless, net profit of the second quarter has shown signs of revival as increasing by 50% to 0.247 billion Yuan. Vice president of China Zhongwang, Lu Changqing yesterday...
Chinalco first-half profit more than doubles
Aluminum Corp. of China, or Chinalco, said Tuesday that its pretax profit in the first half surged 127.8% from a year earlier due to strong demand for aluminum, rare earths and copper. Revenue gained 10.9% in the first half, the company said in a statement on its website without elaborating.
Hindalco a good long-term bet, say analysts
Analysts are bullish on Hindalco on account of expansion, restructuring and de-bottlenecking activities undertaken by the company. Broking firms have maintained a ‘buy’ rating on the stock with a target of Rs 195-220 as the company is likely to post encouraging numbers in the ensuing quarters.
Chinalco first-half profit more than doubles
Aluminum Corp. of China, or Chinalco, said Tuesday that its pretax profit in the first half surged 127.8% from a year earlier due to strong demand for aluminum, rare earths and copper.
South China Aluminum: Supply and Demand Plunge with Falling Prices
Most active SHFE 1110 aluminum contract price failed to break through RMB 17,600/mt today, and spot aluminum prices in south China fell in response, with mainstream trading prices of RMB 18,150-18,180/mt. Market transactions were sluggish during the day due to strong wait-and-see sentiment among...
SMM Morning Review – 2011/8/15 Aluminum Market
The US Department of Commerce announced on August 12th Friday that July retail sales rose by a most 0.5% since April from previous month, which met market expectations. Later US University of Michigan released an August Consumer Confidence Index of 54.9, which was much lower than the expected 63...
