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...
Grow with
AL Circle
Aluminium semis production continues to grow strongly y/y
Prices have received something of a fillip rising this morning from Tuesday’s close. A strong set of Chinese economic data together with strong metals-specific data has boosted sentiment. Unwrought Aluminium exports meanwhile rose by 39% m/m and by 19% y/y to 82Kt marking the strongest export level...
Nonferrous, United States
Secondary aluminum has been relatively quiet as far as volume. We are getting a lot of mixed reports. The market has tightened up a bit. There is a lot of uncertainty in the market because everyone is anticipating the worst of this whole budget crisis, so a lot of people are afraid to take a step...
CENTURY ALUMINUM IS AMONG THE COMPANIES IN THE ALUMINUM INDUSTRY WITH THE BEST RELATIVE PERFORMANCE (CENX, AWC, NOR, ACH, AA)
The top five companies in the Aluminum industry as measured by relative performance are given below. This analysis was compiled based on yesterday's trading activity as we search for stocks that have the potential to outperform. Century Aluminum (NASDAQ:CENX - Snapshot Report) ranks first with a...
Aus shares erratic in choppy trade
Following steep falls in offshore markets, we've seen some choppy trade on the Australian share market today. The local bourse dropped at open, erasing around half of yesterday’s gains, but bounced back onto positive ground after the release of key local jobs data. However, we’re now back in the...
Asian Stocks Pare Decline as Increased Profits Temper Europe Debt Concern
Asia’s benchmark stock index pared its seventh loss in eight days. The MSCI Asia Pacific Index dropped 0.5 percent to 122.28 as of 5:25 p.m. in Tokyo. It earlier dropped as much as 2.4 percent as global growth concerns escalated after the cost of protecting the government debt of Greece, Italy,...
Shares fight back in volatile session
Close Shares recouped early losses to finish flat in another sharp one-day reversal. Mining heavyweight BHP Billiton was down 47 cents at $37.93 and Rio Tinto lost $1.94 to $70.41.
Base metals recouped on short covering in the market
On the back of slowing global economic recovery and Fed interest rate decision yet to be released, metals are trading marginally higher. This is due to the market participant's short covering their position. In the domestic market,Aluminum traded flat at INR 108.25 per kilogram.
Novelis announces Q1 2012 results
Shipments of aluminum rolled products totaled 767 kilo tonnes for the Q1 of fiscal 2012 an increase of 3% compared to shipments of 746 kilo tonnes in the Q1 of the previous year. This increase in shipments was due to strong market conditions across all of the Company's operating regions, driven...
Novelis’ Earnings, Goals Point to Good Times for Rolled Aluminum
Novelis, the global leader in producing rolled aluminum products, posted record profits last quarter – totaling $62 million, compared with $50 million in the same period in 2010. Novelis has a pretty bullish outlook on the aluminum market, betting that demand will be hearty enough to sustain its...
Argentine Stocks: Aluar Aluminio, Grupo Galicia Fall; YPF Rises
The Merval Index fell 1.9 percent to 2,809.75, its sixth day of losses in the past seven sessions. Aluar Aluminio Argentino SAIC (ALUA) , which produces and sells aluminum and aluminum products for domestic use and export, fell 3 percent to 3.95 pesos. Aluminum fell on the London Metals Exchange,...
South China Aluminum: Supply Scarce Due to Unwillingness to Sell
Most active SHFE aluminum contract prices opened 3% higher on August 10th, and struggled at RMB 17,500/mt in the morning session, pushing back spot aluminum prices in south China to above RMB 18,000/mt. Mainstream trading prices were between RMB 18,150-18,190/mt. Goods holders were unwilling to...
Buy Ratings: (HAS), (NEM), (AWC), (LNC), (CAM)
Alumina Ltd (AWC): has a consensus rating of 2.0. This indicates that analysts have a buy recommendation on the stock. The latest rating action was on Aug 16, 2010 when Davenport upgraded the company from Neutral to Buy. The result of 2 opinions makes for a mean price target on the stock of $6.42...
Noranda Aluminum Shares Popped: What You Need to Know
Shares of vertically integrated aluminum producer Noranda Aluminum are soaring today, rising as much as 11.1% so far on fairly strong volume.
Novelis sees aluminum demand, consumer growth
Aluminum products maker Novelis expects strong demand from the auto industry to offset softness in the U.S. beverage can business and a pullback by European electronics consumers, its chief executive said on Tuesday. Phil Martens said fiscal second-quarter results could be slightly better than a...
Alcoa, Inc. (AA): Set To Benefit From Growing Metal Demand
Improving market prices for aluminum fuelled by demand from China and other rapidly developing economies helped drive revenues for the quarter. The company's products are segmented into 4 groups – Alumina, Primary Metals, Flat-Rolled Products, and Engineered Products and Solutions. For the quarter,...
ALUMINUM OF CHINA IS AMONG THE COMPANIES IN THE ALUMINUM INDUSTRY WITH THE BEST RELATIVE PERFORMANCE (ACH, AWC, AA, CENX)
Below are the top five companies in the Aluminum industry as measured by relative performance. This analysis was compiled based on yesterday's trading activity as we search for stocks that have the potential to outperform. Aluminum of China (NYSE:ACH - Analyst Report) ranks first with a loss of...
East China Aluminum: Futures Rebound, Middlemen Active at Lower Prices
Trading prices of spot aluminum in Shanghai on August 9th were between RMB 17,570-17,610/mt, with premiums of positive RMB 120-150/mt over SHFE current-month aluminum prices. Low-iron aluminum was traded between RMB 17,600-17,640/mt. Trading prices of spot aluminum in Wuxi were between RMB...
SMM Morning Review – 2011/8/9 Aluminum Market
Stock and commodity prices slipped overnight due to investor panic caused by a historical downgrade of the AAA rating of US debt. Later during the day, Standard & Poor’s who produced the historical downgrade further announced that a one in three possibility exists for a second downgrade for US debt...
