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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Alcoa sees weak 2009 <em>aluminum</em> demand | Reuters
Apr 8, 2009 ... but it continues to project weak global demand for. ... Alcoa's end markets and current high primary aluminum inventory levels leading ...
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 ...
US <em>Aluminium</em> Market Analysis is an Elaborate Study of the <b>...</b>
Jan 7, 2008 ... Due to its benefit, the aluminium industry will shine in future. The global consumption of aluminium products, both upstream and downstream , ...
No end seen for the weak <em>aluminum</em> demand from <em>downstream</em> end-use <b>...</b>
Jan 17, 2008 ... Still, he and other analysts agree with Lipschitz that 2007 will be the peak in aluminum transaction prices and the 2008 ingot price average ...
Steel Guru : <em>Aluminium</em> major market developments in July
Aug 11, 2009 ... But others believe a continued lack of improvement in demand . ... July 24 - Primary aluminium output in China rose to 1.029 million tonnes ...
UPDATE 1-Norsk Hydro says downturn bottoming in <em>aluminium</em> use <b>...</b>
Jul 22, 2009 ... OL) said on Wednesday the downturn in aluminium product ... than the second half in downstream because of seasonal factors," he added. ...
China, Hong Kong shares gain; upside seen limited | Markets | Asia <b>...</b>
Aug 24, 2009 ... SS), rose 3.4 percent on hopes that the world's No.3 alumina maker will post a smaller quarterly loss paving way to a profit for the second ...
Brazilian Al output down 9.8% in July
Aug 18, 2009 ... Brazil's primary aluminium output dropped 9.8% year-on-year in July as production cuts largely remained in place. Output in July was 129300 ...
Has a metals-related economic recovery actually begun <b>...</b>
May 26, 2009 ... Closer to home, secondary aluminum smelters report a nearly catatonic market for alloy along with lower average aluminum scrap prices. ...
U.S. Stocks Retreat on Valuations; Disney, Eli Lilly Decline <b>...</b>
Aug 10, 2009 ... Alcoa Inc., the world's second-largest primary aluminum producer, fell 0.9 percent to $12.89 and commodity producers declined 1 percent for ...
Steel Guru : <em>Aluminium</em> major market developments in July
Aug 11, 2009 ... July 24 - Primary aluminium output in China rose to 1.029 million ... July 17 - China produced 5678000 tonnes of primary aluminium in the h1 ...
Steel Guru : Aluminum 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 ...
U.S. Markets Wrap: Stocks Drop on Economic Data; Bonds Fall <b>...</b>
Aug 5, 2009 ... as aluminum and copper rose to the highest in at least nine months. ... Goldman Sachs, one of the 18 primary dealers that trade with the ...
Metals News - Solid Cash Flow and Cost Savings, Markets Remain Weak
Jul 22, 2009 ... Aluminium demand apparently flattened out at low level after historic drop ... capacity curtailments within primary aluminium production and ...
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 ...
U.S. Stocks Rally, S&P 500 Nears Nine-Month High, on Earnings <b>...</b>
Jul 30, 2009 ... Alcoa Inc. gained 4.8 percent to $11.54 as copper, aluminum , ... percent in a survey of eight of the Federal Reserve's primary dealers. ...
U.S. Markets Wrap: Stocks, Treasuries, Oil Drop, Dollar Rises <b>...</b>
Jul 29, 2009 ... Alcoa Inc., the largest U.S. aluminum producer, and Exxon Mobil Corp. ... forecast of eight primary dealers surveyed by Bloomberg News. ...
<em>Aluminum</em> market remains challenging-China <em>Aluminium</em> Network
Jul 29, 2009 ... In response to the downturn in demand, Century has curtailed about 28% of primary aluminum capacity and its Gramercy alumina refinery in the ...
