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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<em>Alumina</em> market to tend towards surplus in 2010 | Reuters
17 Nov 2009 ... Some analysts expect production and smelter demand for alumina to be evenly matched and limit price declines in 2010. ...
UPDATE 2-Japan Feb <em>aluminium</em> shipments up 45.4 pct yr/yr | Reuters
26 Mar 2010 ... Japan is Asia's largest importer of primary aluminium . "A solid recovery in automobile demand is the main reason behind aluminium demand ...
(AMM) Aluminum extrusion market still flat
Mar 02, 2010...Demand in the aluminum extrusion sector remains mainly flat, despite earlier indications that a turnaround could be in store during the first half of this year.
AMM <em>Aluminum</em> scrap supply crimp driving shift to <em>primary</em> metal <b>...</b>
Feb 25, 2010 ... The already tight primary aluminum market has seen an influx of ... so we're seeing demand pick up," one domestic aluminum trader said. ...
Steel Guru : Global bulk shipping market bears weak tone
Feb 26, 2010 ... Rual voyage chartered the GREAT JADE (1997 built) to ship 60000 tonnes of bauxite in Guinea, ... SAB sees global demand to improve in Q1 ...
Steel Guru : <em>Aluminium</em> market heading for a big surplus in 2010
Jan 4, 2010 ... Chalco with an annual capacity of 4 million tonnes of primary ... Aluminium prices ended December at USD 2245 per tonne up from USD 2065 per ...
Guinea counts costs of chaotic year-China Aluminium Network
Dec 31, 2009 ... GUINEA'S output of the aluminium ore bauxite fell by more than a fifth ... fall about 60% next year as a result of lower demand and prices. ...
Margins up but US Aluminum Semis Market Still Looks Weak
Nov 25, 2009...Don’t be fooled by a firm aluminum price. Producers of downstream products such as flat rolled sheet and plate, and extruded products such as bar...
<em>Alumina</em> market to tend towards surplus in 2010 | Green Business <b>...</b>
Nov 17, 2009 ... LONDON (Reuters) - Alumina producers will continue to exercise restraint all next year, but the market will be in surplus as output is still ...
<em>Aluminum</em> market developments in October-China <em>Aluminium</em> Network
Nov 9, 2009 ... October 29 - According to figures released by the National Bureau of Statistics, China produced 9089100 tonnes of primary aluminum in the ...
UK <em>aluminium</em> scrap prices will ease, says market - Metal Bulletin
Oct 29, 2009 ... UK aluminium scrap prices are expected to decrease until the end of the year on falling demand from consumers.
Al billet premiums up in Europe on steady buying
05 Nov, 2009...Aluminium billet premiums in Europe firmed on Wednesday on consistent buying and a tight spot market, market participants told MB. The range rose to $340-360 per tonne from $330-340 per tonne previously, with most market participants pegging sales in the middle of the new range. One...
Al surplus rises by 46 in Jan-Aug period, says WBMS - Metal Bulletin
Oct 22, 2009 ... The global aluminium markets surplus rose by 46 from January to ... Demand for primary aluminium during the first eight months was 22.6 ...
Research and Markets: US <em>Aluminum</em> Market Analysis | Reuters
Oct 13, 2009 ... In addition, the global consumption of aluminium products, both upstream and downstream , ... This is expected to trigger aluminium demand with the recovery ... Our new research report "US Aluminium Market Analysis" is an ...
UK <em>secondary</em> Al market seeks direction as <em>prices</em> drift - Metal <b>...</b>
Oct 7, 2009 ... Secondary aluminium prices were unchanged on Wednesday for the fourth consecutive week as the market continues to look for direction amid ...
Brazilian Al output falls 9% in September
Oct 15, 2009...Brazilian primary aluminium output fell 9% year-on-year in September to 125,400 tonnes from 137,800, the country’s industry association Abal said. The volume was also lower than...
Market forces breaking news: Miners report record production figures
Oct 15, 2009 ... But bauxite fell, due to a lack of demand for aluminium. Another FTSE 100-listed firm, Fresnillo, said its production of silver increased by ...
AMM Outlook steady for <em>secondary aluminum</em> alloy - Metal Bulletin
Oct 8, 2009 ... The recycled aluminum alloy market is expected to be stable into December, market sources said, although one smelter lowered its prices ...
