China continues destocking, coupled with recovering peak-season demand; aluminium prices are expected to consolidate at highs with an upward bias next week
1. Macro perspective The US-Iran conflict escalated sharply. On September 9, Iran's Revolutionary Guard struck multiple oil tankers and merchant vessels in the Strait of Hormuz, causing a significant drop in strait traffic. Brent crude broke through USD 100 per bbl, closing at USD 101.21, while WTI...
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...
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Imports of aluminum turn negative in China
India Infoline reported that China imports data has not given any ray of hope for the traders who were desperately awaiting the data after the yesterday's downgrade of Greece rating by S&P and unenthusiastic buying. The monetary tightening measures in China seemed to work well for the imports....
Imports of aluminum turn negative in China
India Infoline reported that China imports data has not given any ray of hope for the traders who were desperately awaiting the data after the yesterday's downgrade of Greece rating by S&P and unenthusiastic buying. The monetary tightening measures in China seemed to work well for the imports....
Imports of aluminum turn negative in China
India Infoline reported that China imports data has not given any ray of hope for the traders who were desperately awaiting the data after the yesterday's downgrade of Greece rating by S&P and unenthusiastic buying. The monetary tightening measures in China seemed to work well for the imports....
Alcoa announces Global Trends Driving Increased Aluminum Demand
The world is undergoing fundamental shifts that will shape the next 50 years -- trends that will increase demand for aluminum and products made by Alcoa, Company Chairman and CEO Klaus Kleinfeld told investors at Alcoa’s 123rd Annual Meeting of Shareholders, held today in Pittsburgh. Kleinfeld also...
Alcoa announces Global Trends Driving Increased Aluminum Demand
The world is undergoing fundamental shifts that will shape the next 50 years -- trends that will increase demand for aluminum and products made by Alcoa, Company Chairman and CEO Klaus Kleinfeld told investors at Alcoa’s 123rd Annual Meeting of Shareholders, held today in Pittsburgh. Kleinfeld also...
Aluminum outperformance driven by higher oil
Despite high inventory levels at the London Metal Exchange, aluminum has managed to outperform other base metals so far in 2011 as spot prices have climbed roughly 13%. Perhaps the most important driver of aluminum’s relative strength is higher oil prices, according to Kenrick Jordan, senior...
Aluminium demand to keep growing worldwide
Alumina Ltd's chief executive has told shareholders he expects the aluminium market to grow by 12 per cent this year. The Melbourne-based company has a 40 per cent stake in Alcoa World Alumina and Chemicals (AWAC), the world's largest alumina business with 17 per cent of global production. It would...
Century Aluminum Shares Plunged: What You Need to Know
...Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis...
Alcoa aluminium shares jump on Rio Tinto rumours
...Shares in US aluminium giant Alcoa jumped almost 4pc on Tuesday following market speculation that London-listed miner Rio Tinto was preparing a bid for the group...
Alcoa aluminium shares jump on Rio Tinto rumours
...Shares in US aluminium giant Alcoa jumped almost 4pc on Tuesday following market speculation that London-listed miner Rio Tinto was preparing a bid for the group...
Alcoa aluminium shares jump on Rio Tinto rumours
...Shares in US aluminium giant Alcoa jumped almost 4pc on Tuesday following market speculation that London-listed miner Rio Tinto was preparing a bid for the group...
Aluminum may gain on high industrial demand
...Commodity reported that MCX Aluminum traded higher evening at MCX following overseas market trends but a strong rupee kept the uptrend limited. Aluminium contract closed at INR 121.90 per Kilogram in last trade...
SMM Morning Review - 2011/5/3 Aluminum Market
... SHFE aluminum prices opened slightly higher, ... SHFE aluminum prices fell following other base metals prices, with SHFE 1107 aluminum contract prices fluctuating narrowly around the 5-day moving average. SMM predicts SHFE 1107 aluminum contract prices will move between RMB 16,750-16,900/mt...
Aluminum shows slight weakness after negative opening
...Aluminium Prices at MCX, May contract has shown some fresh buying sentiments in earlier week but, today it is trading with the mixed sentiments...
Aluminium plunges on profit booking
...Aluminium yesterday traded with the negative node and settled -0.2% down at 122.55 as speculators booked profits at existing higher levels due to sluggish demand...
GCC Aluminum Market to Reach $3 Billion by 2015, According to New Report by Ventures Middle East
...Ventures Middle East announces the release of a comprehensive report on the Aluminum Market in the Gulf Cooperative Council (GCC) region. The GCC aluminum market is projected to reach $3 billion by 2015, led by the growth of the building construction sector and rising population rates. KSA, UAE,...
Aluminium futures soften on profit-taking
...Aluminium prices moved down by 0.61 per cent to Rs 121.90 per kg in futures trading today as speculators booked profits at existing higher levels due to sluggish demand...
Potential Aluminum Corporation of China (ACH) Trade Has 7.83% Downside Protection
... Aluminum Corp of China (NYSE: ACH) closed Wednesday's trading session at $23.62. In the past year, the stock has hit a 52-week low of $18.03 and 52-week high of $26.80. Aluminum Corporation of China stock has been showing support around $22.70 and resistance in the $24.08 range. ...
