US industrial policy needs to be systematic, not just ad hoc – Part 1
Our current approach can win economic skirmishes, but not the geopolitical conflict. – Part 1 After decades during which the very concept was taboo and the reality swept under the rug, the US has now rediscovered industrial policy. But this rediscovery remains incomplete, as too much of it is...
LME aluminium price chart rises further to $3,325/t; stocks remain stable
The London Metal Exchange (LME) aluminium price chart continues to record an upward trend across the pricing and contract segments on the September 8 trading session, reporting gains over the September 7 close . Opening stocks remained stable, not reporting any further decline. The LME aluminium...
Grow with
AL Circle
SHFE aluminium to hover at highs
Falling aluminium stocks in China will allow SHFE 1609 aluminium to stay at highs of RMB 12,500-12,700/mt today. LME aluminium will move at USD 1,645-1,670/mt, with support at the 5-day and 10-day moving averages. In China’s spot aluminium market, spot premiums of RMB 30-70/mt are expected over...
Alba reports higher sales in Q2 2016 despite sluggish aluminium market
Aluminium Bahrain B.S.C. (Alba) reports higher metal sales in the second quarter 2016 despite the sluggish aluminium market. The total metal sales in the second quarter of 2016 are 239,739 metric tonnes (mt) compared to 232,193 mt in Q2 2015, an increase of 3.2 per cent Year-over-Year. Total...
Rising demand for lightweight vehicles to drive global automotive aluminium market until 2020
According to a recently published market report, the global aluminium market for the automotive industry is expected to grow at a CAGR of 4.5 per cent during 2016-2020. “With the developing transport and aircraft sector, aluminium's presence in the market is increasing due to its efficiency, cost...
Brazilian aluminium exports advanced 25.6% in June
Primary aluminium exports from Brazil advanced 25.6 per cent to 30,681 tonnes in June as compared to 24,435 tonnes in the same month last year, according to latest figures from Brazil’s foreign trade ministry, MDIC. Meanwhile, revenues from primary aluminium exports in June increased only 2.2 per...
Fresh 2016 price high still on the cards for aluminium
Momentum is holding above 0, suggesting the uptrend remains in place. ADX is above 20, suggesting the trend is strong. Analysis • Aluminium continues higher after finding strong support at its key daily moving averages in June. While it has solid positive momentum, we believe a fresh 2016 high is...
LME aluminium to face downward pressure
Market will eye US May durable goods orders today. Crude oil prices will meet pressure from recovering supply. LME aluminium will test support at the 5-day moving average and move at USD 1,635-1,655/mt. SHFE 1609 aluminium will move at RMB 12,300-12,500/mt on Monday. In China’s spot aluminium...
Aluminium poised near the range resistance
The MCX-Aluminium future continued to trade within the INR97-INR112 range for the sixth consecutive month. It is currently poised near INR112; the upper end of the range. If the contract reverses lower from here, it can then fall to INR105 and INR103 in the coming weeks. On the other hand, a strong...
Asia alumina: Australia, China dragged by longs, sluggish demand
The Australian alumina daily assessment slipped $1/mt day on day to $239/mt FOB Wednesday, weakened by lackluster demand. Falling Chinese domestic alumina prices, and rising freight rates in Asia have also put downward pressure on the FOB alumina price. In the last two days, smelters have put the...
Aluminium prices rising slowly but steadily- right time to invest?
Aluminium price increases this year have been minimal. Even when metals prices were rising across the board in the first quarter, aluminium was the laggard as oversupply still kept investors away from buying it and construction demand remained tepid. However, the metal is rising slowly but steadily...
SHFE aluminium to meet resistance
Impact from UK leave vote is fading. Blast in Turkey and falling crude oil stocks supported crude oil prices. LME aluminium will return to levels seen before UK vote result and move at USD 1,620-1,640/mt today. SHFE 1608 aluminium has met growing resistance and should move at RMB 12,340-12,480/mt....
Aluminium semis exports from China still down despite MoM increase in May
According to numbers recently released from the People’s Republic of China, aluminium semis exports rose in the month of May by 1.4 per cent month-on-month and 2.9 per cent year-on-year. The rise to 374,000 metric tons of exported semis is attributed to a corresponding rise in flat-rolled products...
When will China aluminium stocks enter turning point? SMM reports
Aluminium stocks in China’s five major markets have been falling steadily, though the pace has slowed down significantly. Market is now most concerned with when stocks will begin growing. Aluminium capacity is being restarted, albeit slowly. Aluminium ingot shipments from northwest China will keep...
Alumina prices to extend declines on changing supply & demand picture
Alumina prices in China will keep falling as the market is gradually turning from shortfall to surplus, SMM predicts. The pace of capacity restarts and new capacity commissioning in alumina industry is faster than in aluminium industry because alumina production is more flexible than aluminium...
Global metal packaging market showing signs of revival as aluminium premiums soften
The global metal packaging industry has shown some signs of revivals as aluminium premium and tinplate prices have softened, though the market has still not been fully out of doldrums. Matured metal packaging markets exhibited stable growths at low levels, while emerging markets benefited from...
Chinese aluminium exports increase even as oversupply remains
Excess aluminium production in China is damaging the prospects of aluminium producers in the rest of the world, purely because of the size of China’s massive aluminium industry, observed analysts at MetalMiner. As prices on the Shanghai Futures Exchange have risen this year, idled smelters have...
Global aluminium pigments market to reach $581.9 mln by 2024
Global aluminium pigments market was valued at $332.9 million in 2015 and is anticipated to reach $581.9 million by 2024, expanding at a CAGR of 6.4 percent between 2016 and 2024, as per the latest Industry Study. Aluminium pigments are employed widely in paints and coatings, plastics, personal...
SHFE aluminium to consolidate at highs
SHFE 1608 aluminium will consolidate at highs of RMB 12,250-12,400/mt today, with eyes on UK referendum. LME aluminium will move at highs of USD 1,625-1,645/mt. In China’s spot aluminium market, spot premiums of RMB 90-130/mt are expected over SHFE 1607 aluminium contract. Key macroeconomic...
Short squeeze to boost SHFE aluminium prices, SMM reports
A potential short squeeze is in sight, and this will bolster SHFE near month aluminium contract prices, most market players contacted by SMM predict. Positions of SHFE 1607 aluminium are 111,144 lots yesterday, which require 277,860 tonnes of aluminium for delivery. However, inventories of...
