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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US primary aluminum output in August jumps up by 9pct
...Reuters reported that the annual rate of primary US aluminum production rose 9.4% to 1,718,667 tonnes in August from 1,570,783 tonnes in August 2009 but was down 0.2% from July's annual rate of 1,722,329 tonnes...
Major aluminum market developments in August
...Reuters reported that the global aluminium market is heading for another supply surplus this year and with demand falling short of expectations prices may fall to reflect this. But the downside potential is limited as such falls would soon lead to cutbacks by high cost producers...
SMM Morning Review - 2010/9/15 Aluminum Market
...The US Department of Commerce released on Tuesday that US retail sales in August rose by 0.4% compared with July levels, higher than Reuters' estimate of a 0.3% rise, while US retail sales in July grew by 0.3% after revision (retail sales excluding automobile sales in August rose by 0.6% from...
SMM Morning Review - 2010/9/14 Aluminum Market
...China's macro economic data for August released last Saturday was positive, improving demand outlook. Meanwhile, presidents of the world's major central banks reached a reform agreement at a conference held in Basel...
US aluminum production drops in June
...According to the report, US pure aluminum output was 141,000 tonnes in June slightly dropping by 4.7% from previous month...
Professional Research on Alcoa and Century Aluminum -- Aluminum Industry Outlook Seems Stable
...The Aluminum industry has seen an encouraging turnaround over the last few months. While 2009 and the beginning of 2010 showed mixed results, positive industry conditions have allowed companies like Alcoa Inc. and Century Aluminum Co. to post quarterly profits...
Brazil Aluminum Consumption Rose 35% In 1st Half 2010 To Record High
...Brazil's consumption of processed aluminum products rose to a record 626,700 metric tons in first-half of this year, 35.3% higher than in the same period last year, the Brazilian Aluminum Association, or Abal, said Wednesday...
SMM Morning Review - 2010/9/9 Aluminum Market
... LME aluminum prices opened at USD 2,160/mt, with prices weaker than other base metals, and with the highest level and lowest level at USD 2,175/mt and USD 2,145/mt, ...
Top 5 Companies in the Aluminum Industry With the Highest Beta (CENX, AA, KALU, AWC, ACH)
...Below are the top five companies in the Aluminum industry as measured by beta. Higher-beta stocks mean greater volatility and are therefore generally considered to be riskier but also may provide the potential for higher returns...
Metals Stocks From Gold To Aluminum Show Strength
...In trading on Tuesday, aluminum and copper shares were relative leaders, up on the day by about 3%. Leading the group were shares of Marathon, up about 92% and shares of Copper Mountain Mining, up about 4.2% on the day...
Aluminium futures trade higher on spot demand
...Aluminium prices inched up by 0.60 per cent to Rs 99.15 per kg in futures trading today on fresh positions created by speculators after a rise in demand in the spot market...
MCX Aluminum may glitter on bright demand outlook
...Aluminum future traded with positive tone yesterday in a narrow range of 97.60-96.20 and ended in green at 96.65. Aluminum prices ended dry on a positive note with little change in prices two days ahead of US economic data...
Aluminum gain on short covering
...Aluminum September contract on MCX moved up by 0.26% during the morning session on short covering today...
NALCO: Book profits
...Investors can consider booking profits in the stock of aluminium producer NALCO. An uncertain outlook for aluminium metal prices, coupled with little visible expansion in aluminium smelter capacity, might leave the company with little scope for earnings growth in a market suffering from an...
NALCO: Book profits
...Investors can consider booking profits in the stock of aluminium producer NALCO. An uncertain outlook for aluminium metal prices, coupled with little visible expansion in aluminium smelter capacity, might leave the company with little scope for earnings growth in a market suffering from an...
Vimetco boosted by higher aluminium prices
...Dutch based aluminium products group Vimetco reported 42% rise in EBITDA to USD 161 million for the 6 months to June 30. Revenue was up 72% to USD 1.1 billion from USD 639 million mainly due to higher aluminium prices and increased demand from international markets...
SMM Morning Review - 2010/8/27 Aluminum Market
... LME aluminum prices opened at USD 2,010/mt, and later climbing to USD 2,040/mt, and finally prices closed at USD 2,033/mt, up USD 30/mt, or up 1.5%. Total trading volumes were 94,196 lots, and total positions increased by 6,911 lots....
SMM Morning Review - 2010/8/26 Aluminum Market
... LME aluminum prices opened at USD 2,035/mt, and experienced significant declines in European trading period, with prices even falling below USD 2,000/mt to USD 1,985/mt ....
