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...
Grow with
AL Circle
Aluminium futures down 0.32 pc on sluggish spot demand
...Aluminium futures fell by 0.32 per cent to Rs 108.40 per kg today as speculators reduced their exposure amid a weak trend in the spot market on sluggish demand...
Aluminium futures down 0.32 pc on sluggish spot demand
...Aluminium futures fell by 0.32 per cent to Rs 108.40 per kg today as speculators reduced their exposure amid a weak trend in the spot market on sluggish demand...
Aluminum Bahrain prices IPO at bottom of range
...Reuters reported that Aluminum Bahrain priced initial public share offer at the bottom of the indicated range having attracted just enough demand for all the shares offered by sovereign wealth fund Mumtalakat which raised USD 338 million...
US Sep Aluminum Exports -27.0% From Aug, +74.2% From Yr Ago
...U.S. aluminum exports fell 27.0% in September from the previous month, but was up 74.2% from the previous year, the Commerce Department reported Wednesday...
Aluminium futures decline on lower global trend
...Influenced by weak global trend, aluminium futures prices declined by Rs 0.95 to Rs 108.30 per kg today on reduced offtake by speculators...
SMM Morning Review - 2010/11/11 Aluminum Market
... LME aluminum prices opened at USD 2,462/mt, and later dipped to USD 2,425/mt when the US dollar index advanced, but then rebounded slightly at the tail of trading, and finally closed at USD 2,448/mt, ...
Global Aluminum Supply at Odds With Bullish Price Run
...Will we see aluminum prices suffer because of oversupply issues? Several analysts are saying no, and Harbor Aluminum’s recent conclusions on the topic point otherwise...
Aluminium futures down 0.55 pc global cues
...New Delhi, Nov 8 (PTI) Tracking weak trend overseas, aluminium futures prices fell 0.55 per cent, to Rs 107.85 per kg today. Weak trend at domestic spot markets due to sluggish demand, also put pressure on the aluminium futures prices...
SMM Morning Review - 2010/11/9 Aluminum Market
... LME base metals prices generally closed with declines. LME aluminum prices opened at an intraday high of USD 2,437/mt, and later dipped gradually, and finally closed at a low of USD 2,429/mt, down USD 23/mt compared with the previous trading day, or down 0.9%. ...
SMM Morning Review - 2010/11/8 Aluminum Market
... LME aluminum prices opened at USD 2,459/mt, and later climbed to USD 2,488/mt, and then weakened to a low of USD 2,438.5/mt, and finally closed at USD 2,452/mt, down USD 8/mt compared with the previous trading day. Trading volumes shrank slightly, and LME aluminum inventories declined by 10,000...
Watch for Century Aluminum to Potentially Pullback after Gaining 3.59% Yesterday (CENX)
...Century Aluminum (NASDAQ:CENX) traded in a range yesterday that spanned from a low of $13.61 to a high of $14.19. Yesterday, the shares gained 3.59%, which took the trading range above the 3-day high of $13.79 on volume of 2.4 million shares. Often times after large one-day gains, short term...
Aluminum gets hot on industrial demand
...Aluminum future traded steady in last week at the MCX following overseas market trends, but heavy selling pressure in other industrial metals kept uptrend limited. In the last trading session, MCX Aluminum had ended in red at 105.60 per Kilogram...
China’s PMI Points the Way for Aluminum and Copper Prices
...Purchasing Manager indexes are always closely followed but none more than those for China when looked at in reference to the commodities markets. The belief is a positive China PMI reading is bullish for metals and other commodities...
Global aluminium market has started tightening significantly
...Mr Prasad Baji of Edelweiss Securities Limited in a recent research note said that “Our estimates indicate that the global aluminium market had deficit of 3 million tonne per annum and 0.4 million tonne per annum in June and July respectively.
SMM Morning Review - 2010/11/3 Aluminum Market
... LME aluminum prices opened at an intraday low of USD 2,380/mt, and later climbed gradually to USD 2,437/mt, and finally closed at USD 2,430/mt, up USD 58/mt compared with the previous trading day, or up 2.4%. Total positions continued to grow, while LME aluminum inventories declined by 5,400 mt...
Aluminium futures down 0.38 pc on global cues
...ET reported that tracking weak trend overseas on slowing purchases, aluminium futures prices fell by 0.38% to INR 105.10 per kilogram...
SMM Morning Review - 2010/10/29 Aluminum Market
... LME aluminum prices moved higher gradually after opening at USD 2,340/mt, with the lowest prices reported at USD 2,337/mt, and finally LME aluminum prices closed at an intraday high of USD 2,347/mt, up USD 24/mt compared with the previous trading day, or up 1%. ...
China traders resume aluminium imports on production cuts
...Some Chinese trading houses and consumers are looking into importing primary aluminium following the government's order to local smelters to cut output, market sources said Wednesday...
