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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Global uncertainty casts a cloud over Hindalco aluminium business
In the June quarter, Hindalco Industries Ltd’s stand-alone results benefited from rising aluminium prices, and better treatment and refining charges for copper; but negative factors were a strong rupee versus the dollar, and the higher prices of coal and fuel. Revenue rose 16.5% year-on-year to Rs....
Filled Black Candles – AA, AAP, AAV, ABM, ABT
Advance Auto Parts, Inc. (NYSE:AAP) went up 1.62%, to close at $55.17 and its overall traded volume was 1.34M shares in the last trading session. AAP opened at $55.73 and is trading within the range of $54.64-$56.14. The 52-week range of the stock is $49.50 – $72.32.
Filled Black Candles – AA, AAP, AAV, ABM, ABT
Alcoa Inc. (NYSE:AA) gained 0.08%, to close at $12.26 and its overall traded volume was 36.12M shares in the last trading session. AA shares were trading within the range of $12.11-$12.58 while its opening price was $12.55. The stock has a 52 week range of $9.92 – $18.47. The market capitalization...
Materials Stocks Go For CENX
Century Aluminum Company (CENX) stock advanced 3.72% in today's session to $11.43 per share. Shares of Century Aluminum Company have traded as high as $20.76 per share and as low as $8.72 in the last year.
SMM Daily Review - 2011/8/15 Base Metals Market
Most active SHFE 1110 aluminum contract prices opened slightly higher at RMB 17,535/mt and narrowly fluctuated in the morning session on August 15th. In the afternoon, positions of SHFE 1111 aluminum contracts significantly increased as a result of short activities, which dragged spot aluminum...
SMM Daily Review - 2011/8/15 Aluminum Market
Most active SHFE 1110 aluminum contract prices opened slightly higher at RMB 17,535/mt and narrowly fluctuated in the morning session on August 15th. In the afternoon, positions of SHFE 1111 aluminum contracts significantly increased as a result of short activities, which dragged spot aluminum...
Rusal Gets Reduced Rate, Extension on $4.6 Billion Sberbank Loan
OAO Sberbank, Russia’s largest lender, reduced the interest rate and extended the maturity on a $4.6 billion loan to United Co. Rusal, the world’s largest aluminum producer said. The interest rate was cut to the London interbank offered rate plus 4.5 percent annually, Rusal said in a statement...
Novelis sees aluminum demand and consumer growth
Aluminum products maker Novelis expects strong demand from the auto industry to offset softness in the US beverage can business and a pullback by European electronics consumers. Mr Phil Martens CEO of Novelis said that fiscal Q2 results could be slightly better than a year ago as the company forges...
Downtrend Call Realized As Aluminum of China Stock Falls 5.5% (ACH)
SmarTrend is monitoring the recent change of momentum in Aluminum of China. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Aluminum of China in search of a potential trend change. In the past 52 weeks, shares of...
Debt Crisis Lookback; Aluminum of China has 13.01% Drop in Stock Price Following Agreement (ACH)
On 08/02/11, the day the debt ceiling was raised, Aluminum of China (NYSE:ACH) reached a low of $20.37 and has since moved 13.0% lower to its most recent close of $17.72. During the same time period the Dow Jones Industrial Average fell 9.7% from 11,866 to 10,720 as of the last close.
SHFE aluminium up for third day as strong buying continues
Aluminium remained the star performer on the Shanghai Futures Exchange on Thursday as prices slipped into backwardation after recent market volatilities drove futures prices down.
Aluminum Substitution to Dampen Korea Copper Demand, Group Says
Copper demand in South Korea, Asia’s third-biggest consumer, may grow at a slower pace than forecast as high prices prompt some users to switch to cheaper aluminum, a local industry group said. Prices of copper, used to make cables and wires, have jumped 23 percent in the past year and reached a...
US Jun Aluminum Imports -32.3% From May, -61.6% From Yr Ago
U.S. aluminum imports fell 32.3% in June from a month ago, and was down 61.6% from the previous year, the Commerce Department reported Thursday.
US Jun Aluminum Exports -9.4% From May, -11.8% From Yr Ago
U.S. aluminum exports fell 9.4% in June from the previous month, and was down 11.8% from the previous year, the Commerce Department reported Thursday.
Centene, Century Aluminum, Molina, Wendy’s: U.S. Equity Movers
Shares of the following companies had unusual moves in U.S. trading. Stock symbols are in parentheses and prices are as of 4 p.m. in New York. Century Aluminum Co. (CENX) rose 12 percent to $10.57. The second-largest U.S. producer of the metal said it will spend as much as $60 million buying back...
SELLERS DISTRIBUTE SHARES OF RELIANCE STEEL & ALUMINUM, DOWN 0.2% (RS)
Reliance Steel & Aluminum (NYSE:RS - Snapshot Report) is one of today's notable stocks in decline, down 0.2% to $38.50. The S&P is currently trading 1.2% higher to 1,133 and the Dow Jones Industrial Average is trading 1.1% higher to 10,839. Reliance Steel & Aluminum is in SmarTrend's Steel & Iron...
East China Aluminum: Purchases Rare Due to Premiums and Approaching Delivery Date
Trading prices of spot aluminum in Shanghai on August 11th were between RMB 18,080-18,120/mt, with premiums of positive RMB 0-50/mt over SHFE current-month aluminum prices. Low-iron aluminum was traded between RMB 18,100-18,140/mt. Trading prices of spot aluminum in Wuxi were between RMB...
Australia Stock Market Report - CLOSE - 08/11/2011
It was another interesting session on the Australian share market, as investors reacted to fresh sovereign debt worries out of Europe and a surprise rise in the local unemployment rate. The All Ordinaries Index (XAO) fell 1.5pct on open, outperforming near 5pct losses witnessed on Wall Street...
