Aluminum

Re: Aluminum

Postby winston » Fri Aug 10, 2018 6:23 am

‘Mystery’ Chinese Trades Fuel Aluminum's Biggest Gain Since May

Volume in Shanghai climbs, feeding aluminum rally on LME
More than 68,000 lots trade on Shanghai Futures Exchange

Source: Bloomberg

https://finance.yahoo.com/m/b33d93c3-49 ... -fuel.html
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118528
Joined: Wed May 07, 2008 9:28 am

Re: Aluminum

Postby winston » Mon Aug 13, 2018 8:10 pm

China may end up inadvertent winner from Trump's aluminum tariffs: Russell

by Clyde Russell

The Trump tariffs and measures against major Russian producer Rusal, along with a strike at Alcoa’s alumina and bauxite operations in Western Australia are combining to roil aluminum markets.

The Trump tariffs are also hurting the U.S. aluminum producers they are designed to help, with Alcoa asking for an exemption from the tariffs because it imports essential aluminum products from its facilities in Canada.

Alcoa said in July it will incur as much as $14 million a month in extra expenses, mainly from tariffs levied on aluminum imported from Canada, its biggest supplier.

Global aluminum output was 5.321 million tonnes in June, down 2.2 percent from the previous month, according to figures released on July 20 by the International Aluminium Institute.

However, China’s aluminum output, which is more than half of the global total, ramped up in June to 2.83 million tonnes, up 1.6 percent from the prior month.

When Trump launched his initial steel and aluminum tariffs he tweeted that “trade wars are good, and easy to win”.

For aluminum, his actions have so far disrupted supply chains, angered the top producer in his own country, increased manufacturing costs in the United States and elsewhere, and possibly made his No.1 target, China, the main beneficiary.


Source: Reuters

https://www.reuters.com/article/us-colu ... SKBN1KY0EX
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118528
Joined: Wed May 07, 2008 9:28 am

Re: Aluminum

Postby winston » Mon Sep 10, 2018 9:20 am

Chinese Aluminum Gushes Onto World Markets on Rusal Supply Fears

Country has shipped more than 1.5 million tons in three months
Alumina cargoes are also expanding as buyers seek alternatives

Shipments exceeded 1.5 million tons in June through August, a record for a three-month period, and were up 15 percent in the first eight months of the year.


Source: Bloomberg

https://www.bloomberg.com/news/articles ... pply-fears
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118528
Joined: Wed May 07, 2008 9:28 am

Re: Aluminum

Postby winston » Fri Sep 14, 2018 7:25 am

INTL AL CONF: Analysts bullish for 2019 prices even if Rusal situation resolves

“Demand remains healthy and will continue to expand. The input costs are increasing and the prices should bear some relationship to this”.

Metal Bulletin's forecasts are factoring in a deficit of over 1 million tonnes of aluminium globally for next year.

“A full blown trade war would be the only bullish headwind ahead – we only have 25% probability that there will be a large trade war,”



Source: Metal Bulletin

https://www.metalbulletin.com/Article/3 ... olves.html
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118528
Joined: Wed May 07, 2008 9:28 am

Re: Aluminum

Postby winston » Tue Oct 09, 2018 11:45 am

India's aluminium makers win Japan sales in market shake-up

TOKYO/NEW DELHI (Oct 8): Indian aluminium makers including Hindalco Industries and Vedanta Ltd are boosting sales to Japan as US sanctions against Russia's Rusal and import tariffs shake up traditional supply routes.

India's product has generally not been regarded as high enough quality by Japan's demanding buyers, who have preferred top-tier producers like Rio Tinto, Alcoa and South32 as well as United Company Rusal.

However, imports of aluminium ingot from India doubled in the first eight months of 2018 from a year ago, Japanese trade data shows, while imports of alloy — which include higher-value products — surged 11-fold off a tiny base.

"Because of the sanctions, consumers would like to ensure some security of supply, so they'd like to prefer multiple suppliers instead of one supplier," Samir Cairae, chief executive of Vedanta's diversified metals business in India, told Reuters.

The increased trade is a blow to Rusal, the world's second-biggest aluminium maker, which accounted for about 20% of Japan's imports of both aluminium ingot and alloy in 2017, but which has been hit by US sanctions.

Customers globally have had to scramble to find alternative sources of metal even after the United States eased sanctions restrictions for some customers, and they were likely to permanently diversify supply chains, said a source at a Japanese trading house.

"Many of their customers are reluctant to order the same amount of supplies that they have bought in past years for next year even if the US sanctions are lifted," the trader said.

Japanese trading houses such as Mitsubishi Corp have been aggressively importing supplies from India as well as other countries to help customers diversify supply, trading sources said. Mitsubishi declined to comment.

Products from India are mainly refined ingots rather than value-added products such as billets and slabs, said a second trading house source. Substitute material for Rusal's higher quality products has come from the Middle East and Malaysia.

However, Indian metal was winning growing acceptance and was also being sold at a discount to traditional suppliers.

"Japanese buyers are getting Indian metal for cheap," the source said.

IMPORTS SWELL

Japan took 59,545 tonnes of aluminium ingot in the eight months to March, double a year ago, while material from Russia fell 21% to 175,694 tonnes, Japanese trade data showed.

Imports of aluminium alloy from India jumped to 3,008 tonnes over the same period, while Russian imports fell 10% to 185,685 tonnes.

The US trade actions — 10% import tariffs on the light metal from March and sanctions against Rusal from April — sent shockwaves through the market, boosting aluminium prices to seven-year highs and pushing up costs to obtain physical metal in the US domestic market.

"Stronger US premiums have become incentives for smelters in Australia, which is exempted from the duties, to ship more products to the United States," said a third trader, who saw Indian products filling the supply gap left by Rusal in Asia.

Vedanta, India's largest producer of aluminium, sees a big opportunity in Asia including Japan and Korea.

Cairae said the company is focusing on ramping up exports of its value-added products such as billets, which can be used in the transport, construction and packaging industries, and wire rods.

Hindalco did not immediately respond to a request for comment.

Source: Reuters

http://www.theedgemarkets.com/article/i ... et-shakeup
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118528
Joined: Wed May 07, 2008 9:28 am

Re: Aluminum

Postby winston » Wed Aug 18, 2021 7:17 am

Aluminum Prices Soar to Record Highs.

Triggered by Russia’s half-year aluminum export tax and a strike-induced supply drop at Rio Tinto’s (NYSE:RIO) Kitimat site in Canada, aluminum prices were at all-time highs –

US prices have surged to $3400 per metric tonne already, some $400 metric tonne higher than the previous high from 2018 when the US sanctioned Rusal (MCX:RUAL).

Source: Oil Price Intelligence
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118528
Joined: Wed May 07, 2008 9:28 am

Re: Aluminum

Postby winston » Thu Sep 09, 2021 9:27 pm

Copper is so pricey now that aircons are switching to aluminium

The world’s top maker of air-conds, Japan’s Daikin Industries Ltd, plans to replace half of the copper in its units with aluminium by 2025.

And in China, a state researcher is working with the country’s top home-appliances groups on using more aluminium.

In China, the machines make up a big part of the 15% of copper demand that goes to home appliances.

Copper accounts for about 20% to 30% of the costs of making an aircon.


Source: Bloomberg

https://www.theedgemarkets.com/article/ ... -aluminium
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118528
Joined: Wed May 07, 2008 9:28 am

Re: Aluminum

Postby winston » Mon Sep 13, 2021 9:03 pm

Aluminum

Aluminum prices recently hit 13-year highs on the London Metal Exchange (LME) and the Shanghai Futures Exchange (SHFE) just days ago.

Despite the strong price gains, Stanchart sees aluminum prices with an upside bias, with the long tally of supply disruptions in China (see Focus) and rising concerns over the trajectory of future supply growth amid more stringent energy and emissions target reviews.

In addition to the power shortages in China and policy curbs, the latest disruption to roil the aluminum market this week was the coup in Guinea, the world’s second-largest bauxite producer and largest exporter.

China is the key export destination of Guinean bauxite, accounting for 55% of China’s bauxite imports.

On a regional basis, physical premiums remain elevated on firm demand and the rise in freight costs, with the U.S. Midwest premium hovering around 36 cents/lb through August and into early September, thanks to the strike at the Kitimat smelter.

European premiums stand at an even more impressive 375/t, the highest since February 2015. However, LME aluminum inventories remain quite low at 1.33 million tonnes (Mt).

Meanwhile, SHFE aluminum inventories are the lowest since 1 January, making room for another aluminum rally.

Source: OilPrice.com
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118528
Joined: Wed May 07, 2008 9:28 am

Re: Aluminum

Postby behappyalways » Mon Oct 18, 2021 11:09 am

Aluminum Shortages Next As "Magnesium Supply Dries Up"
https://www.zerohedge.com/commodities/u ... pply-dries
血要热 头脑要冷 骨头要硬
behappyalways
Millionaire Boss
 
Posts: 39914
Joined: Wed Oct 15, 2008 4:43 pm

Re: Aluminum

Postby behappyalways » Tue Mar 22, 2022 3:40 pm

Australia Slaps Russia With Alumina Export Ban, Catapults Aluminum Prices Higher
https://www.zerohedge.com/commodities/a ... export-ban
血要热 头脑要冷 骨头要硬
behappyalways
Millionaire Boss
 
Posts: 39914
Joined: Wed Oct 15, 2008 4:43 pm

PreviousNext

Return to Commodities

Who is online

Users browsing this forum: Google [Bot] and 7 guests

cron