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 - 2011/8/4 Base Metals Market
After opening at RMB 18,460/mt on August 4th, most active SHFE 1110 aluminum contract prices quickly plunged to below 5-day and 10-day moving averages in the morning session, and closed at RMB 18,135/mt, down RMB 335/mt from previous trading day after a slight rebound. Market confidence turned low...
SMM Morning Review – 2011/8/5 Aluminum Market
European Central Bank announced on August 4th to maintain its interest rate at 1.5%, ending rate hikes starting in April. US Department of Labor announced new unemployment claims fell to 400,000 during the week from July 25th – 29th, slightly better than expected. However, the market was more...
LME Aluminum Trading Rose 37% in July From Year Earlier
Trading of aluminum futures and options on the London Metal Exchange surged almost 37 percent in July from a year earlier, according to figures from the exchange. Following are monthly futures and options trading volumes for selected metals on the LME.
Century Aluminum Q2 soars to $23.99 mil from $5.15 mil on year
US producer Century Aluminum earned 24 cents/share, or $23.99 million, up from 5 cents/share, or $5.15 million, a year ago, the company said Thursday. Sales in the second quarter were $366.3 million, up from with $287.9 million in Q2 2010, the company said in a statement. Shipments of primary...
BASE METALS: Shanghai Metals Fall; Econ Concerns Continue To Weigh
Base metals on the Shanghai Futures Exchange fell Thursday on persistent concerns over the global economy fueled by disappointing economic indicators. Aluminum lost the most ground as investors locked in profits following its recent gains, while copper was partially supported by an ongoing strike...
South China Aluminum: Market transactions Sluggish after Futures Plunge
After SHFE aluminum prices plunged in the morning session, spot aluminum prices in Nanhai fell in response. Selling interest was low among goods holders due to drastic price fall, downstream buyers also took a wait-and-see attitude, and market transactions were slightly sluggish as a result....
Aluminium Drops By 4.2% In Three Days
Weakness in the overall mood of metals has offered considerable decline for Aluminium in last three days. The metal markets have been prone to some negative news from the US. Chinese inflation worries have also been peaking out to lend softness in prices.
SMM Morning Review – 2011/8/4 Aluminum Market
US ISM said on August 3rd its non-manufacturing index fell from June’s 53.6 to 52.7 in July, a new low since February 2010 and lower than the expected 53.6. US Department of commerce announced US June factory orders fell by 0.8%, higher than the expected 0.7%, and adjusted June durable goods orders...
Select base metals decline on global cues
Select base metals declined at the nonferrous metal market here due to sluggish demand from industrial users amid bearish trend in global markets. Meanwhile, copper armiture and aluminum utensils scrap inched up on better offtake from consumer industries. The industrial metals fell at the LME over...
Century Aluminum (CENX) Showing Bearish Technicals But Could Break Through $13.07 Resistance
Century Aluminum (NASDAQ:CENX) closed Tuesday's deflating trading session at $11.97. In the past year, the stock has hit a 52-week low of $9.28 and 52-week high of $20.76. Century Aluminum (CENX) stock has been showing support around $11.37 and resistance in the $13.07 range. Technical indicators...
Short term weakness in aluminum, followed by strength
Harbor Intelligence anticipates price weakness for aluminum in the short term, but “substantial” upward pressure afterward. Prices rose in July, supported by good physical demand, plus recovering demand for secondary Aluminium from the global auto sector, Harbor says. Funds built slight long...
South China Aluminum: Purchases Rare Due to Sluggish Consumption
As SHFE aluminum prices gained despite falling of other metals prices, spot aluminum prices in south China rose by RMB 120/mt in response. Mainstream traded prices in the area were between RMB 18,840-18,860/mt. However, sluggish downstream consumption gradually dragged mainstream traded prices...
Alcoa Stock To Go Ex-dividend Tomorrow (AA)
The ex-dividend date for Alcoa (NYSE:AA) is tomorrow, August 3, 2011. Owners of shares as of market close today will be eligible for a dividend of 3 cents per share. At a price of $14.62 as of 9:33 a.m. ET, the dividend yield is 0.8%.
Alba sales up, but net income down
Aluminium Bahrain reported a Q2 rise in sales earnings but net income was down for the period. Sales reached $645M in Q2 2011 as compared to $534M in Q2 2010 while net income fell nearly 22% to $185M from 237M in the corresponding period the year before. It blamed unrealised derivative gains for...
Base metals drop on global cues
Barring aluminum most of the base metals dropped at the nonferrous metal market due to subdued industrial demand as well as stockists selling following weakening trend in global markets. On the other hand, aluminum rose owing to better offtake from consumer industries. The industrial metals edged...
Potential Aluminum Corporation of China (ACH) Trade Has 8.45% Downside Protection
Aluminum Corporation of China (NYSE:ACH) closed Monday's seesaw trading session at $21.30. In the past year, the stock has hit a 52-week low of $19.21 and 52-week high of $26.80. Aluminum Corporation of China (ACH) stock has been showing support around $20.63 and resistance in the $22.05 range....
Non-ferrous Metal--- Supply Tension
Electrolytic aluminum industry supply and demand too prosperous. On one side, during the first half year, the electrolytic aluminum capacity increases month by month and capacity utilization also goes up quickly. The other factor is the strong market demand for electrolytic aluminum. The real...
US March Aluminum Output 162,000 Tons, +15.7% On Month - USGS
U.S. domestic primary aluminum production in March was 162,000 metric tons, up 15.7% from 140,000 tons in February and up 10.9% from 146,000 tons a year earlier, according Tuesday to the U.S. Geological Survey.
