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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Aluminium Will Find Support From Chinese Assurance
...People's Bank Of China assured on Thursday that the bank would maintain moderate to loose monetary policy and enhance financial supports to sustain economic development...
Industrial metals (copper, aluminium, nickel, etc.) daily review (August 12, 2010)
...Industrial Metals futures ended down at a two week low on Wednesday as risk aversion gathered pace after another disappointing report revived concerns about the health of the U.S. economy...
SMM Morning Review - 2010/8/13 Aluminum Market
... LME base metals prices closed with gains yesterday. LME aluminum prices opened at USD 2,145/mt, with the highest level and the lowest level at USD 2,174/mt and USD 2,135/mt, respectively, and finally ended at USD 2,163.5/mt, up USD 21.5/mt ...
SMM Morning Review - 2010/8/11 Aluminum Market
... LME base metals prices closed with declines yesterday. LME aluminum prices opened at USD 2,185/mt, with the highest level and the lowest level at USD 2,185/mt and USD 2,150/mt, respectively, and finally ended at USD 2,170/mt, down USD 12/mt ...
Japanese aluminum shipments advance for 7 month on stronger demand
...Alumina Limited has reported a half-year net profit of about $48 million, with earnings boosted by a rebound in demand for aluminium...
Higher Production In World Markets To Yank Aluminium Down
...Aluminium prices are expected to remain laggard and bogged down due to the pressure from the rising production in the world. World primary Aluminium production ex China in June was 1.9 million tonnes up by 5.5% from 1.89 million tonnes in June 2009. Chinese primary Aluminium production...
Alumininum marginally down in futures trade
...NEW DELHI: Aluminium futures today moved down by Rs 0.25, or 0.15 per cent, to Rs 101.55 per kg as speculators booked profits despite firm global cues...
SMM Morning Review - 2010/8/10 Aluminum Market
... LME aluminum posted the weakest performance among all base metals on August 9th. LME aluminum prices opened at USD 2,211/mt, with the highest level and the lowest level at USD 2,215/mt and USD 2,180/mt, respectively, and finally ended at USD 2,182/mt, down USD ....
Cooper Investors sells 4.4m Alumina shares
...Cooper Investors Pty Ltd sold 4,417,626 Alumina Ltd shares for $7,244,907 on August 6, 2010, decreasing from 122,157,783 shares (5.006%) to 117,740,157 shares (4.838%)...
Chinese aluminium smelters eying spot sales as profit window opens
...Reuters reported that a window of steady profitability may lead Chinese aluminium smelters to resume spot sales after a gap of 2 months but traders said that any surge in sales from ample stocks would quickly erode prices...
UPDATE 1-N.Hydro mulls supply contracts for <em>aluminium</em> products <b>...</b>
... U.S. demand for aluminium improving, lags Europe. ... stuck to its forecast for 12 percent growth in its upstream and downstream markets. ...
Aluminium futures marginally up in thin trade
...n range-bound thin trade, aluminium traded higher by Rs 0.05, or 0.05 per cent, at Rs 103.20 per kg in futures trade today, on the back of better demand at spot markets...
DJ Russia Jan-Jun Aluminum Exports Fall 5% On Year To 1.595M Tons
...Russia aluminum exports in the first six months of the year fell to 1.595 million metric tons, down 5% on the year-earlier period, the federal customs service reported Friday. ..
China Aluminium Smelters Eye Spot Sales As Profit Window Opens
...A window of steady profitability may lead Chinese aluminium smelters to resume spot sales after a gap of two months, but traders said any surge in sales from ample stocks would quickly erode prices...
SMM Morning Review - 2010/8/5 Aluminum Market
... LME base metals prices closed with gains yesterday after falling temporarily. LME aluminum prices opened at USD 2,205/mt, with the highest level and the lowest level at USD 2,245/mt and USD 2,195/mt, respectively, and finally ended at USD 2,228/mt. ...
Market Size of Aluminum Profiles Declined 37% in 2009
...The marketing research contains actual information about the market of aluminium profiles as of May 2010. The purpose of the market research is to describe the situation on the Russian market of aliminium profiles, to provide relevant information on the volume of production, exports, imports,...
BASE METALS: Metals End Mostly Lower On US Econ Data, Equities
...Base metals on the London Metal Exchange ended mostly lower Tuesday on disappointing U.S. economic data and softer equity markets...
Aluminium futures rises 0.85% on firm demand
...Supported by firm demand at the physical market, aluminium prices edged higher by Rs 0.85, or 0.84 per cent, to Rs 101.50 per kg in futures trade today...
