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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Despite rough times, Alcoa positions itself for prosperity
...It’s hard to find a mining and metals company that has experienced a tougher two years than Alcoa (NYSE: AA). With economic factors pushing and tugging at it, including a 60 percent drop in aluminum prices, the company’s shares have tumbled from the $30s to the around $10. That should draw...
Despite rough times, Alcoa positions itself for prosperity
...It’s hard to find a mining and metals company that has experienced a tougher two years than Alcoa (NYSE: AA). With economic factors pushing and tugging at it, including a 60 percent drop in aluminum prices, the company’s shares have tumbled from the $30s to the around $10. That should draw...
US primary aluminum production rises in June YoY
...Reuters reported that the annual rate of primary US aluminum production increased by 7.3% to 1,719,625 tonnes in June from 1,603,153 tonnes in June 2009 but declined 1.0% from May's annual rate of 1,736,611 tonnes...
Five weeks of volatility ahead for UK <em>secondary</em> Al - Metal Bulletin
... The secondary aluminium market expects some price volatility over the next five weeks on increased activity ahead of the northern summer ...
Research and Markets: This Essential Report on the Russian Market of Aluminum Profiles is Now Available
...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,...
SMM Morning Review - 2010/7/23 Aluminum Market
...LME base metals prices strengthened further on July 22nd. LME aluminum prices opened at USD 1,999/mt, with the highest level and the lowest level at USD 2,061.75/mt and USD 1,991/mt, respectively...
Aluminium slips in futures trade on profit booking
...Aluminium traded lower by Rs 0.80 or 0.83 per cent, at Rs 95.35 per kg in futures trade today after speculators booked profits on a weak trend at the London Metal Exchange...
Alcoa to shine later
...It's hard to find a mining and metals company that has experienced a tougher two years than Alcoa (NYSE: AA). With economic factors pushing and tugging at it, including a 60% drop in aluminum prices, the company's shares have tumbled from the $30s to the low teens...
Alcoa to shine later
...It's hard to find a mining and metals company that has experienced a tougher two years than Alcoa (NYSE: AA). With economic factors pushing and tugging at it, including a 60% drop in aluminum prices, the company's shares have tumbled from the $30s to the low teens...
Alcoa to shine later
...It's hard to find a mining and metals company that has experienced a tougher two years than Alcoa (NYSE: AA). With economic factors pushing and tugging at it, including a 60% drop in aluminum prices, the company's shares have tumbled from the $30s to the low teens...
UPDATE: WBMS: Aluminum In 296,000-Ton Surplus In January-May
...The global aluminum market was in surplus by 296,000 metric tons in the first five months of 2010, the World Bureau of Metal Statistics said Wednesday...
Alcoa result bodes well for Alumina
...THE US aluminium producer Alcoa has predicted the market surplus in world capacity for the lightweight metal will be whittled away by production cutbacks in China and increased demand fuelled by economic recovery...
Alcoa result bodes well for Alumina
...THE US aluminium producer Alcoa has predicted the market surplus in world capacity for the lightweight metal will be whittled away by production cutbacks in China and increased demand fuelled by economic recovery...
Aluminium futures rise on domestic demand
...Aluminium prices inched up by Rs 0.35 to Rs 94 per kg in futures trade today after traders enlarged their positions, supported by rising demand in the spot market...
SMM Morning Review - 2010/7/22 Aluminum Market
... LME base metals prices closed with gains last night. LME aluminum prices opened at USD 1,983/mt, with the highest level and the lowest level at USD 2,024/mt and USD 1,969.25/mt, ....
Domestic Car Sales Production Of China Still Robust, Aluminium Trades Lower
... The rise of car production is positive for Aluminium, but as said in the report the overall inventory cycle is increasing and the demand from the end user is expected to shrink making Aluminium trade with lackluster sentiments. ...
Aluminum consumption grows on thriving domestic demand – Abal
... Aluminum consumption in Brazil is expected to increase 24.7% to 1.26 million tonnes this year compared to 1.01 million tonnes in 2009. Abal had previously projected 21% growth to 1.2 million tonnes in 2010....
Daily Options Trading for Century Aluminum Company (CENX)
... Shares of CENX closed at $9.03 in the previous trading session and opened today at $9.08. Century Aluminum Company settled the day up $0.06 to $9.09 in the trading session. The day's trading range is between $8.82 and $9.19 respectively....
