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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EU aluminium consumers will look to spot market in 2010
Sep 10, 2009...Aluminium consumers will buy more material on the European spot market than on long-term contracts next year as they seek to minimise stock levels, market participants said.
Steel Guru : <em>Aluminum</em> major market developments in August
Sep 10, 2009 ... Reuters reported that Aluminium prices may have some upside potential in the ... August 20 - Global daily average primary aluminium output ...
European <em>secondary</em> Al producers hope market will improve in <b>...</b>
Aug 28, 2009 ... European secondary aluminium prices were steady on Friday with little concluded business reported this week, as producers pin their hopes on ...
Steel Guru : India steel <em>demand</em> growth to cross 10pct - Mr Rastogi
Aug 26, 2009 ... India rejects demand for safeguard duty on HR steel and aluminium ... besides a number of primary and secondary steel producers including ...
Steel Guru : Monday Market Monitor - Metals (WEEK 36) - Mixed bag
Sep 7, 2009 ... Aluminium Aluminum MAL3 was last bid at USD 1850 a tonne against USD ... for primary aluminum ingots to be supplied in October-December, ...
<em>Alumina</em> rises as market tightens further - Metal Bulletin
Sep 4, 2009 ... Free-market alumina outside of China rose on Friday on an increasingly tight market.
<em>Alumina</em> rises as market tightens further - Metal Bulletin
Sep 4, 2009 ... Prices have gradually firmed since Nalco's alumina tender of $283 per tonne at the start of last month. One producer source sold decent ...
PREVIEW-Alcoa to post loss, but what does it mean for economy <b>...</b>
Jul 5, 2009 ... It's an indicator only of the aluminum price . ... its fortunes depend on the price of the metal, rather than its downstream business making ...
Alcoa to post loss - what does it mean for economy? | Reuters
Jul 6, 2009 ... the price of the metal, rather than its downstream business making products for ... In the second quarter, the spot aluminum price rose 17 percent to $1630 per ... "Judging by aluminum prices and volumes right now, ...
Steel Guru : Chalco stocks jump on <em>aluminum demand</em> outlook
Jul 19, 2009 ... Bloomberg reported that Aluminum Corporation of China Limited led gains by aluminum producers in Chinese stock exchange trading on optimism ...
(AMM) <em>Aluminum</em> alloy <em>demand</em> seen rising, along with tags
Jun 23, 2009 ... Slightly improved demand for secondary aluminum alloys should be good news for smelters, but every silver lining has a cloud. ...
Evaluating Supply Markets for Minor Metals - Indium, Gallium and <b>...</b>
Apr 15, 2009 ... Both primary and secondary sources of supply remain critical in the overall ... Aluminum Semi Exports an Indicator of Rising Global Demand ? ...
Japan <em>aluminium</em> premium talks highlight weak <em>demand</em> | Reuters
Mar 13, 2009 ... TOKYO, March 13 (Reuters) - Japan's primary aluminium buyers will continue ... in talks that have underscored the weakness of demand , ...
Steel Guru : <em>Aluminum</em> market remains challenging - Century
Jul 28, 2009 ... In response to the downturn in demand , Century has curtailed about 28% of primary aluminum capacity and its Gramercy alumina refinery in the ...
Steel Guru : <em>Aluminium</em> major market developments in July
Aug 11, 2009 ... July 31 - Ormet Corporation an independent US primary aluminium producer said ... July 24 - Primary aluminium output in China rose to 1.029 ...
Yieh Corp Steel Market News
Aug 28, 2009 ... According to the U.S. Geological Survey, American primary aluminum output totaled 132000 tons in June, down by 10.2 percent compared with ...
Credit Suisse Bullish on China Metal <em>Demand</em>
Aug 12, 2009 ... Chinese primary metal imports are dramatically up on previous years. ... strange post here: Credit Suisse Bullish upon China Metal Demand This entry was ... Aluminum Semi Exports an Indicator of Rising Global Demand ? ...
When will <em>aluminum</em> market fundamentals improve? Probably not until <b>...</b>
Jul 17, 2008 ... That's why aluminum prices , largely dormant in recent years, have increased ... The International Aluminium Institute says primary aluminum ...
