Aluminum Investing News reports aluminum demand has improved in Japan.
Aluminum stockpiles in Japan dropped by 15 per cent in June from a month earlier to the lowest level since July last year. Inventories in Yokohama, Nagoya and Osaka ports fell to 207,600 metric tonnes at the end of last month compared with 243,300 tonens on [...]
Aluminum Investing News reports aluminum industry faces tough times in the coming months.
Despite the recent recovery in LME aluminum prices; demand for the stainless steel component remains in the dumps. Without any idea of when demand may stage a comeback, aluminum miners are bracing for more tough times.
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Aluminum Investing News reports aluminum companies are still struggling despite some positive news from the global markets.
In its latest Industry report, the aluminum association showed demand for North American aluminum mill products in January rose 4.0 per cent from December but tumbled 26.4 per cent from January 2007. Shipments slid to an estimated 1,443.4 million [...]
Aluminum Investing News reports despite increases in China’s aluminum imports, aluminum fundamentals look bleak.
Imports in the country are rising due to an arbitrage opportunity as Shanghai Futures Exchange aluminum is selling at a premium of $400-$500 per tonne on the London Metal Exchange. The price differential has been created as China’s State Reserve Bureau stockpiling has [...]
Wednesday, July 15, 2009
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