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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SHFE aluminum prices hit 15 month high
Antaike hac reported that Henan province has cut power supply to smelters in Louyang city, though it didn’t disclose details. Henan province accounts for almost a quarter of Chinese output and 43% of the 4.3 million tonne of that output purchases its power. Chinese aluminum semis demand has been...
China Aluminum Fluoride Exportation Increases by 37.1% in June
According to the General Administration of Customs, Chinese aluminum fluoride exportation reaches 9,199 tons in June up by 37.1% compared with the previous month. Chinese total exportation of aluminum fluoride in the first half year reaches 47,889 tons. Since this end of June, domestic aluminum...
Century Aluminum Co. (CENX) Shares Cross Below Book Value
In trading on Friday, shares of Century Aluminum Co. (NASDAQ:CENX) crossed below their last reported book value — defined as common shareholder equity per share — of $12.55, changing hands as low as $12.52 per share. Century Aluminum Co. shares are currently trading down about 0.1% on the day.
Alcoa Dipping Below Support
Shares of Alcoa, Inc. (NYSE:AA) closed the trading session at $14.83 below calculated support at $15.10 breaking current long setups, raising concerns by the bulls, as this move might give the bears the upper hand.
Alumina Ltd (AWC) Shares Cross Below 200 DMA
In trading on Friday, shares of Alumina Ltd (NYSE:AWC) crossed below their 200 day moving average of $9.38, changing hands as low as $9.35 per share. Alumina Ltd shares are currently trading down about 0.8% on the day.
Reliance Steel 2Q profit rises
Reliance Steel & Aluminum Co. said Thursday that second-quarter profit surged more than 60 percent on demand for its products by companies in energy, farming, aerospace and other industries. CEO David H. Hannah said sales volume and pricing "held up reasonably well" considering that mill prices for...
South China Aluminum: Spot Prices Sharply Fall, Month-end Transactions Sluggish
After SHFE aluminum prices opened lower and moved downward with an over 1% loss, spot aluminum prices in south China fell sharply after days of surge. Mainstream traded prices of spot aluminum in the area were between RMB 18,720-18,750/mt. Though goods holders increased their supplies, wait-and-see...
Hulamin - June interim results
Hulamin’s interim results to June could have been brilliant. Setting the scene were two key props : sharply higher production and lower costs. Spoiling the show , as it has done for over two years, was a strengthening rand, which prevented the aluminium product manufacturer from performing anywhere...
Lower inflation could boost metals demand: Natixis
A decline in inflation rates among developing countries would be one of the most positive economic scenarios for base metals, and would potentially herald a period of stronger growth in global demand. According to London-based Natixis Commodity Markets' third quarter 2011 Metals Review, the dangers...
SMM Morning Review – 2011/7/29 Aluminum Market
The Economic Sentiment Indicator (ESI) released on July 28 by European Commission was 103.2 in July, weaker than expected and down from previous figure, indicating Euro zone economy is not likely to recover in the short term impacted by debt woes. Later during the day, US Department of Labor...
Aluminium ends higher on global cues
Aluminium yesterday traded with the positive node and settled 0.04% up at 115.5 as US Department of Commerce announced on July 27 that June durable goods orders fell 2.1% MoM, which was a second fall during recent three months, and was opposite from the expected 0.3% gain.
South China Aluminum: Spot Price Hits RMB 19,000/mt, Transactions Rarely Reported
As SHFE aluminum prices kept rising in the morning, spot aluminum prices in south China surged, with mainstream traded prices ranging from RMB 18,950-19,000/mt, up RMB 420/mt over previous trading day. After traded prices hit RMB 19,000/mt, buying interest deteriorated among downstream buyers, and...
BASE METALS: Shanghai Metals Gain On Weak Dollar; Aluminum Up 1.9%
Base metals on the Shanghai Futures Exchange gained Wednesday on the back of a weak dollar amid growing concerns over the debt situation in the U.S. Aluminum once again outperformed other metals as expectations of a steady rise attracted more speculative buying, while copper also gained due to...
Century Aluminum (CENX) Showing Bearish Technicals With Resistance At $14.38
Century Aluminum (NASDAQ:CENX) closed Tuesday's unfavorable trading session at $14.01. 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 $13.52 and resistance in the $14.38 range. Technical indicators...
Eight base metal stocks to watch
A TD Securities analyst says the overall outlook for base metals is positive and China's copper demand is quite steady. Further, he adds that economic recovery in the U.S. will add incrementally to demand. Surprisingly, China's latest industrial production data add to the positivity and ease the...
Potential Aluminum Corporation of China (ACH) Trade Has 10.05% Downside Protection
Aluminum Corporation of China (NYSE:ACH) closed Tuesday's negative trading session at $19.91. 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 $19.57 and resistance in the $20.09 range....
SMM Morning Review – 2011/7/28 Aluminum Market
US Department of Commerce announced on July 27 that June durable goods orders fell 2.1% MoM, which was a second fall during recent three months, and was opposite from the expected 0.3% gain. This indicated a dim future for the US industry. Meanwhile, as no valid agreement has been reached, investor...
Non-Ferrous Metals Lead Gainers On Chinese Markets
The Shanghai Composite Index rose 0.76 percent or 20.47 points to close at 2,723.49 points today on transaction value of 92.08 billion yuan. The Shenzhen Component Index was up 0.90 percent or 108.33 points to close at 12,116.86 points today on transaction value of 77.08 billion yuan. The...
