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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HSI shows several large Aluminum Corps tumbled
Stocks dropped again on Monday, sending the benchmark Hang Seng Index (HSI) to its biggest two-day slide since November 2009, after Standard & Poor's cut the US credit rating, raising concern global economic growth will slow. Aluminum Corp of China tumbled 2.7 percent to HK$5.88, and Rusal slumped...
Rio Tinto updates aluminum production on H1 2011
The H1 2011 spot aluminum price averaged USD 2,551 per tonne an increase of 20% on H1 2010. The aluminum market was characterized by strong demand and high regional market premiums. The physical market was tightened due to reduced scrap availability aggressive warehouse incentives and financial...
Alcoa, Inc. (AA): Set To Benefit From Growing Metal Demand
Alcoa (AA) is one of the world's largest producers of aluminum and aluminum-related products. The company operates numerous aluminum mines and smelters across the globe and is expanding into emerging markets where demand is on the rise. The company recently reported its second quarter earnings for...
Asia Commodity Day Ahead: Gold Futures Surge to Record as Haven
Aluminum to Jump 20% in London, Chasing China: Chart of the Day Aluminum will advance 20 percent in London trade, catching up with its valuation in Shanghai, after the gap between the two markets widened to the most in eight months, according to research company Harbor Intelligence. Aluminum...
Jiangxi Province Income of Non-ferrous Metal Industry Breakthrough 185, 7 Billion Yuan in the First Half Year
In the first half year, sales revenue of non-ferrous metal industry in Jiangxi province reaches 185, 76 billion Yuan up by 53.7% in the corresponding period previous year. It owns profit of 11, 67 billion Yuan and tax 6.59billion increasing by 116.3 % and 47.0% respectively over same period last...
SMM Aluminum Price Forecast
SHFE aluminum prices climbed at first but fell later last week, with prices falling by over 4%. Aluminum was still the best performer of base metals in the SHFE market, with SHFE aluminum making gains in early week trading and with SHFE 1110 aluminum contract prices hitting a high of RMB 18,645/mt....
South China Aluminum: Premiums Narrowing with Sluggish Consumption
As investors turned panic following a downgrade of US debt rating, SHFE aluminum prices opened much lower below RMB 17,000/mt on August 8th. Though SHFE aluminum prices rebounded in the morning, short resistance remained strong. Spot aluminum prices in south China plunged by RMB 310/mt as a result...
East China Aluminum: Consumption Cautious with Fluctuating Prices
Trading prices of spot aluminum in Shanghai on August 8th were between RMB 17,820-17,850/mt, with premiums of positive RMB 240-260/mt over SHFE current-month aluminum prices. Low-iron aluminum was traded between RMB 17,840-17,880/mt. Trading prices of spot aluminum in Wuxi were between RMB...
The aluminum exports added 29.5%
The aluminum exports in Russia over IH added 29.5% to come to $3.594bn from $2.775bn prior year, Federal customs service informed.
Kaiser Aluminum Shares Down 8.9% Since SmarTrend Said Sell (KALU)
SmarTrend is monitoring the recent change of momentum in Kaiser Aluminum. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Kaiser Aluminum in search of a potential trend change. In the past 52 weeks, shares of Kaiser...
SMM Morning Review - 2011/8/8 Aluminum Market
US Department of Labor announced on August 5th that non-farm employments rose by 117,000 in July, much higher than the expected 85,000. Un-employment rate of July also slightly fell to 9.1%, indicating an optimistic trend in the US employment market. However, panic sentiment among investors turned...
SMM Daily Review – 2011/8/5 Aluminum Market
Due to plunging commodity prices overnight, most active SHFE 1110 aluminum contract prices opened lower at RMB 17,800/mt on August 5th. Within ten minutes after opening, most active SHFE aluminum contract prices fell and stopped at RMB 17,485/mt, down RMB 730/mt or 4% with positions falling by over...
Aluminium hits lowest since January on risk aversion
LME aluminium fell to its lowest since late January on Friday as investors shed risk on prospects a global economic soft patch could worsen, reversing an earlier bounce after better-than-expected U.S. jobs data for July.
Risk Aversion Hits Markets, Shanghai Bleeds
U.S. crude slid to multi-month lows on Friday while base metals and grains stretched losses and Shanghai commodity futures plunged as investors fled riskier assets on mounting concerns about a slowing global economy. London copper dropped more than 2 percent and Shanghai-traded aluminium and zinc...
South China Aluminum: Purchase Interest Remains Low Despite Plummeting Prices
After SHFE aluminum prices fell and stopped, spot aluminum prices in Shanghai also plummeted, with mainstream trading prices of RMB 18,150-18,200/mt, down RMB 445/mt from previous trading day. Downstream purchase interest, however, remained low despite plummeting prices, and aluminum supply turned...
Research and Markets: Aluminium Pipes and Tubes - Canada - 2011 Report Features Forecasts and Future Outlook of the Market Till 2016
Research and Markets has announced the addition of the "Aluminium Pipes and Tubes - Canada" report to their offering. This market analysis gives an overview of the actual situation, trends and future outlook of the market for aluminium pipes and tubes in Canada. The market analysis provides...
Europe Aluminium Industry Poised With Growth
According to our new research report, “European Aluminium Market Analysis”, Europe has emerged as one of the world’s largest manufacturing base for the aluminium industry owing to large production capacities across the European countries. In 2010, Europe remained the second major producer of...
Tin Falls 1.5% on London Metal Exchange; Aluminum and Nickel Prices Drop
Tin for three-month delivery fell 1.5 percent to $25,900 a metric ton on the London Metal Exchange. Nickel slid 1.1 percent to $23,550 a ton and aluminum lost 1.2 percent to $2,495 a ton.
