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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South China Aluminum: Spot Price Falls with Strong Wait-and-see Sentiment
As most active SHFE aluminum contract prices opened lower and struggled at the 5-day moving average, spot aluminum prices in south China fell in response. Mainstream traded prices in the area were between RMB 18,720-18,740/mt. Though goods holders increased their supplies, wait-and-see sentiment...
Aluminum Market Cools with High Prices, Tight Capital, Weak Consumption
The SMM China Aluminum Ingot Trade Index during July 25th to July 29th fell below the balance line of 50% to 46.9%, down by 4.5% from previous week. SHFE aluminum prices surged with strong long momentum during the week, with unwillingness to sell remaining strong among goods holders. However, as...
KAISER ALUMINUM IS AMONG THE COMPANIES IN THE ALUMINUM INDUSTRY WITH RELATIVELY LOW UPSIDE POTENTIAL (KALU, AWC, NOR, CENX, AA)
Below are the bottom five companies in the Aluminum industry as measured by the potential gains between the current stock price and the projected average analyst target. Kaiser Aluminum (NASDAQ:KALU - Snapshot Report) has potential upside of 9.3% based on a current price of $55.82 and an average...
Alcoa, Inc. (AA): Set To Benefit From Growing Metal Demand
Alcoa 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. Improving market prices for aluminum fuelled by demand from China...
Vale ADR Representing One Ord Shs (VALE) Given New $42.00 Price Target by Barclays Capital (BCS) Analysts
Equities research analysts at Barclays Capital (NYSE: BCS) lowered their price target on shares of Vale ADR Representing One Ord Shs (NASDAQ: VALE) from $46.00 to $42.00 in a research note to investors on Monday. The analysts currently have an "overweight" rating on the stock.
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...
Rusal Mandates Banks For $4.75B Facility, Step To Dividends
Aluminum giant United Co. Rusal (0486.HK) said Monday it has mandated banks to arrange an up to $4.75 billion syndicated pre-export finance facility, one of the crucial steps on the company's way to a possible start of dividend payment.
DJ Rusal To Borrow Up To $4.75B From International Banks
Aluminum giant United Co. Rusal (0486.HK) said Monday it has mandated banks to arrange an up to $4.75 billion syndicated finance facility. Rusal will use the facility mainly to refinance its debt, which stood at $11.4 billion as of March 31.
SMM Daily Review - 2011/8/1 Base Metals Market
Most active SHFE 1110 aluminum contract prices opened higher at RMB 18,410/mt on August 1st. In the morning, strong long momentum pushed SHFE 1110 aluminum contract prices to RMB 18,645/mt, a new high since last Thursday’s RMB 18,570/mt. Later released weakening PMI data of China boosted short...
SMM Morning Review – 2011/8/2 Aluminum Market
Though the US debt issue was resolved on August 1, worse-than-expected manufacturing data in Europe, the US and China led to market worries towards demand. As a result, risk aversion sentiment grew, selling pressure for metals prices rose, and the US dollar index surged overnight to 74.291, up...
Metalico Inc announces Q3 market outlook and update
Demand for copper and other red metals, along with aluminum and stainless steel, is expected to remain firm aided by stronger second half economic activity and resilient commodity prices. Aluminum De ox: Demand for aluminum de ox should remain unchanged, but higher supply of product in the...
South China Aluminum: Transactions Slightly Increase as Capital Pressure Alleviates
After SHFE aluminum prices rose to struggle at RMB 18,500/mt, spot aluminum prices in south China rallied to above RMB 18,800/mt. Mainstream traded prices in the area were between RMB 18,830-18,850/mt. On the first day of August, as capital pressure began to alleviate, goods holders were active...
SMM Weekly Review and Forecast (Jul. 25-29)
Last week, aluminum was the best performer in base metal markets, with SHFE and spot aluminum prices climbing driven up by a flood of speculative funds, and with SMMI.Al soaring by nearly 4%. Last week, SHFE aluminum prices surged after temporarily fluctuating at the 5-day moving average. Driven up...
East China Aluminum: Purchasers Cautious with Fluctuating Prices
Morning traded prices of spot aluminum in Shanghai on Aug. 1st were between RMB 18,570-18,600/mt, with discounts of negative RMB 30-0/mt over SHFE current-month aluminum prices. Low-iron aluminum was traded between RMB 18,660-18,700/mt. Traded prices of spot aluminum in Wuxi were between RMB...
SMM Morning Review – 2011/8/1 Aluminum Market
Risk aversion sentiment gradually grew after the White House and Republican leaders failed to reach an agreement during the debt talk on July 29th, which helped the US dollar index stand steady above the 10-day moving average during European trading hours. Later, the US Department of Commerce...
SMM Daily Review – 2011/7/29 Aluminum Market
Most active SHFE 1110 aluminum contract prices opened lower at RMB 18,380/mt on July 29th. After total positions sharply decreased by over 19,000 lots due to profit-making by the longs, SHFE 1110 aluminum contract prices plunged and hit RMB 18,200/mt. Finally closed price was RMB 18,210/mt, down...
China’s Exports of Aluminum Semis Shrink in June
According to China Customs, China’s exports of aluminum semis were 300 kt during June, with exports failing to break May’s record high of 340 kt, but still up 55.0% YoY. YTD exports from January to June were 1.52 million mt, up 47.6% YoY. Lower exports of aluminum semis were due mainly to rising...
SMM Morning Review - 2011/7/29 Base Metals Market
Most active SHFE 1110 aluminum contract prices opened lower at RMB 18,380/mt on July 29th. After total positions sharply decreased by over 19,000 lots due to profit-making by the longs, SHFE 1110 aluminum contract prices plunged and hit RMB 18,200/mt. Finally closed price was RMB 18,210/mt, down...
