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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China Cuts Aluminium Output as Markets Slide Continues
... Around 10% of China's annual aluminium output is being idled, thanks to high costs, sluggish demand and low prices.... 1.5 million tons of primary aluminium in the first five months of this year, more than 20 percent of China's production of 6.8 million tons.....
Alumininum extend losses in futures trade
... Aluminium traded lower by Rs 0.15, or 0.17 per cent, at Rs 90.65 per kg,... aluminium for delivery in June contract fell by Rs 0.15, or 0.17 per cent, to Rs 89.55 per kg, with a turnover of 47 lots....
ANALYSIS-Aluminium Abundance Makes Investor Access Easier
... Cheaper, easier and safer than derivative contracts is the verdict for aluminium exchange traded funds (ETFs), which would not be possible without an abundance of metal on the world market.
Japanese aluminium shipments slip as restocking slows down
...Japan's aluminium products shipments dropped for a third month in May and although up from the same time last year the slowing pace suggests demand from trading partners like China may be easing.
SMM Morning Review - 2010/6/30 Aluminum Market
... LME aluminum prices opened at USD 2,015/mt, with the highest level and the lowest level at USD 2,015.25/mt and USD 1,940/mt, respectively, and finally ended at USD 1,947/mt, down USD 82/mt compared with the previous trading day, or down 4%. Total trading volumes reported 106,792 lots, and total...
Aluminum Extrusion and Can Sheet Market Outlook
...in downstream markets offered to attendees at last week’s 3rd Annual Harbor Aluminum Conference provided some interesting insight into demand. Two of those end use segments we’ll examine today and these involve
Aluminum May Rally on Tight Supply, Investor Demand, Citigroup, Morgan Say
. . .Aluminum prices will rebound in the next year as supplies tighten and investor demand increases, according to analysts from Citigroup Inc., Morgan Stanley and Societe Generale SA.
Aluminum ETF a Strategic Extension for Banks-Alcoa
...The migration of some of Wall Street's biggest banks into the physical aluminum market is a strategic progression toward the creation of an exchange-traded fund (ETF), the director of material management with the world's largest aluminum producer said on Tuesday.
China Aluminum Smelters to Face Cutbacks in 2H 2010: Minmetals
...The Chinese aluminum market is facing a 1.26 million mt surplus in 2010 that should lead to production cutbacks in the second half of the year, according to estimates by China Minmetals.
Market of <em>Primary Aluminium</em> from LME-Aluminium products-China <b>...</b>
... Market of Primary Aluminium from LME,China aluminium network--Featured products display can provide various aluminium products for showing, ...
European <em>secondary</em> Al market cautious of Russian material - Metal <b>...</b>
... A sudden increase in Russian secondary aluminium supply in Europe has ... scrap metals prices - plus access to archive news and prices data. ...
Japan buys more spot Al as demand returns
... Japanese aluminium consumers are buying on the spot market to cover orders as demand picks up ... We are getting more orders for the second half of the year,"...
Steel Guru : <em>Aluminum demand</em> may up 10pct in 2010 - Alumina Ltd
... Japanese aluminum shipments jump as auto demand triples ... Chinese primary aluminum imports rebound in March ...
Non-ferrous scrap market outlook - Metals News - Metals Place
... Secondary aluminium producers have also been busy. ... According to the data, the present aluminium price is the most valuable among all ...
Battle of the fittest smaller <em>secondary</em> Al producers lose out on <b>...</b>
16 Apr 2010 ... Smaller secondary aluminium producers are losing out to their bigger counterparts when buying scrap, according to market participants.
Steel Guru : Rio Tinto Q1 operations review
16 Apr 2010 ... Bauxite production increased 18% on the first quarter of 2009 in line with improving market demand . Production levels were maintained for ...
Steel Guru : Major <em>aluminium</em> market developments in February
17 Mar 2010 ... Analyst as saying that aluminium prices will continue to be ... February 22 - World daily average primary aluminium output rose to 64400 ...
Global <em>aluminium</em> supply excess 156000 tons in January-China <b>...</b>
18 Mar 2010 ... WBMS reported that global primary aluminium demand in January was 3.1million tons, which increased 516000tons compared with the same period ...
