Trends - aluminium industry - Business Recorder

aluminium industry

Aluminium retreats from 13-year high after big inflows

LONDON: Aluminium prices pulled back from their highest levels in more than 13 years on Thursday after a surge in...

Published 11 Feb, 2022 04:31am

Markets

Power prices propel aluminium to 2-month peak

LONDON: Aluminium prices rose on Wednesday to their highest in more than two months as expectations of large ...

Published 06 Jan, 2022 04:13am

Markets

Aluminium hits 1-1/2 month peak

LONDON: Aluminium prices touched the highest in over six weeks on Friday after China’s output of raw material...

Published 18 Dec, 2021 04:33am

Markets

Falling thermal coal prices drag aluminium lower

LONDON: Aluminium dropped to its lowest in nearly eight weeks on Wednesday as declining thermal coal prices eased...

Published 27 Oct, 2021 06:05pm

Markets

Surging aluminium price squeezing processors' profits

Aluminium prices have jumped significantly ... (and) increasing freight charges, price spreads and exchange rates are all having a big impact on processors

Updated 14 Oct, 2021 04:58pm

Markets

Aluminium hits highest since 2008 as power shortages escalate

Benchmark aluminium on the London Metal Exchange (LME) was up 1.9% at $3,022.50 a tonne

Updated 11 Oct, 2021 06:53pm

Markets

China completes latest metal reserves auctions, eyes more

30,000 tonnes copper, 50,000 tonnes zinc and 70,000 tonnes aluminium released
Reserves administration completes 4th round of auctions
Says will release more stocks based on supply and demand

Published 09 Oct, 2021 05:26pm

Markets

Shortages help aluminium towards 13-year highs

Benchmark aluminium on the London Metal Exchange traded up 1.8% at $2,908 a tonne

Published 04 Oct, 2021 06:04pm

Markets

Copper drifts lower as focus turns to US Fed meeting

Benchmark copper prices on the London Metal Exchange (LME) shed 2.1% to $9,418 a tonne in official rings

Published 16 Sep, 2021 07:54pm

Markets

Industrial metals slip as caution rules ahead of inflation data

Benchmark copper on the London Metal Exchange (LME) was down 1.5% at $9,416 a tonne in official trading having fallen 1.3% on Monday

Updated 14 Sep, 2021 05:56pm

Markets

Aluminium advances on China supply fears

"If China is serious about good environmental outcomes and decarbonisation, then (aluminium) output will be slower," says analyst Nitesh Shah

Updated 08 Sep, 2021 06:09pm

Markets

Aluminium rises to 10-year high as supply fears grow

Aluminium on the London Metal Exchange (LME) was up 0.6% at $2,705.50 a tonne after touching a peak of $2,734.50

Published 02 Sep, 2021 06:14pm

Markets

Aluminium prices lifted to 10-year high by China concern

The region is China's third-biggest producer of alumina, a primary product of aluminium, with output of 925,500 tonnes in July

Published 31 Aug, 2021 05:48pm

Markets

China aluminium smelters meet to address 'irrational' price spike

Aluminium on the Shanghai Futures Exchange rose as much as 4.2% on Monday to 21,550 yuan ($3,332)

Updated 30 Aug, 2021 06:03pm

Markets

China curbs propel aluminium to highest since April 2018

Aluminium traded up 1.4% at $2,655.5 a tonne in official rings
It's all to do with China and output curbs, which are mostly to do with cutting emissions, unusual in the summer months

Updated 27 Aug, 2021 06:23pm

Markets

Aluminium muscles higher on weak China supply, US shortages

There's a combination of different factors that will keep aluminium prices elevated and it's unlikely to be resolved very quickly

Published 17 Aug, 2021 04:37pm

Markets

Demand doubts and dollar dent copper sentiment

"China's economy and demand is slowing, the dollar isn't helping and Chinese authorities are intent on making sure the market understands what they want"

Published 19 Jul, 2021 05:54pm

Markets

China May aluminium output slips

BEIJING: China’s primary aluminium output fell slightly in May versus April, official data showed on Wednesday, as...

Published 20 Jun, 2021 03:39am

Markets

China aluminium exports have likely peaked, CRU says

Now we're in a situation where Europe and the US have pretty comprehensive anti-dumping measures against Chinese imports and China is going out to the rest of the world and seeing if it can replace those markets.

Published 16 Jun, 2021 06:55pm

Markets

Copper hits 7-week low as funds, traders cut long positions

"The next leg of the rally will be led by the physical market around the third quarter when the whole supply chain has used up its stocks."
Aluminium was down 1.8% at $2,449.50 a tonne, zinc fell 1.4% to $3,002, lead slipped 1.2% to $2,185, tin dropped 1.4% to $31,217 and nickel ceded 2.9% to $17,938.

Published 15 Jun, 2021 09:03pm

Markets

World’s largest aluminium producer still short of metal

LONDON: April was another record month for Chinese aluminium production, the latest in a series stretching back over...

Published 09 Jun, 2021 03:29am

Business & Finance

China's Tsingshan to ramp up aluminium production in Indonesia in 2023

Tsingshan made a name for itself in the global nickel market by investing heavily in Indonesia, which banned nickel ore exports from 2020.
Tsingshan would ramp up capacity to 500,000 tonnes per year in 2023, without providing a time for the start of production.

Published 08 Jun, 2021 05:28pm

Markets

China’s primary aluminium output may rise in 2024

SHANGHAI: Output of primary aluminium in China will increase until 2024, after which secondary, or recycled metal...

Published 04 Jun, 2021 05:06am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 20	278.48
USD PKR Interbank Buying / Dec 20	278.28
USD to Japanese Yen / Dec 20	156.31
USD to Swiss Franc / Dec 20	0.89
Pound Sterling to USD / Dec 20	1.26
Euro to USD / Dec 20	1.04

Stock	Volume
S&P 500 / Dec 20	5,930.85
India Sensex / Dec 20	78,041.59
Tokyo Nikkei / Dec 20	38,701.90
Nasdaq / Dec 20	19,572.60
Hang Seng / Dec 20	19,720.70
FTSE 100 / Dec 20	8,084.36
Dow Jones / Dec 20	42,840.26
Germany DAX 30 / Dec 20	19,884.75

Item	Value
Crude Oil USD/Barrel / Dec 20	69.46
Gold 10 Grams PKR / Dec 20	234,311
Gold Spot USD/Ounce / Dec 20	2,622.91
Cotton US¢/pound / Dec 20	68.06
Karachi Cotton PKR/37.32 KG / Dec 21	17,585
Petrol/Litre / Dec 23	252.10

Gainers
Losers
Leaders

Stock	Price
Media Times Ltd / Dec 20 Media Times Limited(MDTL)	2.37 ▲ 0.37 (18.50%)
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	7.23 ▲ 1.00 (16.05%)
Ist.Capital Sec / Dec 20 First Capital Securities Corporation(FCSC)	2.12 ▲ 0.26 (13.98%)
Khalid Siraj / Dec 20 Khalid Siraj Textile Mills Limited(KSTM)	9.60 ▲ 0.97 (11.24%)
Aruj Industries / Dec 20 Aruj Industries Limited(ARUJ)	9.90 ▲ 0.98 (10.99%)
Escorts Bank / Dec 20 Escorts Investment Bank Limited(ESBL)	4.79 ▲ 0.47 (10.88%)
Cresent Jute / Dec 20 Crescent Jute Products Limited(CJPL)	4.20 ▲ 0.40 (10.53%)
S.G.Power / Dec 20 S.G. Power Limited(SGPL)	11.19 ▲ 1.02 (10.03%)
P.T.C.L. / Dec 20 Pakistan Telecommunication Company Ltd(PTC)	25.80 ▲ 2.35 (10.02%)

Stock	Price
LSE Financial Serv. / Dec 20 LSE Financial Services Limited(LSEFSL)	16.25 ▼ -1.81 (-10.02%)
Dar-es-Salaam / Dec 20 Dar-es-Salaam Textile Mills Limited(DSML)	41.93 ▼ -4.66 (-10.00%)
Maqbool Tex. / Dec 20 Maqbool Textile Mills Limited(MQTM)	31.05 ▼ -3.45 (-10.00%)
Reliance Cotton / Dec 20 Reliance Cotton Spinning Mills Limited(RCML)	621 ▼ -69.00 (-10.00%)
Sanghar Sugar / Dec 20 Sanghar Sugar Mills Limited(SANSM)	27.72 ▼ -3.08 (-10.00%)
Olympia Mills / Dec 20 Olympia Mills Limited(OML)	34.58 ▼ -3.84 (-9.99%)
Nagina Cot. / Dec 20 Nagina Cotton Mills Limited(NAGC)	48.92 ▼ -5.41 (-9.96%)
Oilboy Energy / Dec 20 Oilboy Energy Limited(OBOY)	11.39 ▼ -1.26 (-9.96%)
Arpak Int. / Dec 20 Arpak International Investments Ltd.(ARPAK)	65.22 ▼ -7.19 (-9.93%)

Stock	Volume
WorldCall Telecom / Dec 20 Worldcall Telecom Limited(WTL)	177,645,248 ▲ 0.10
K-Electric Ltd. / Dec 20 K-Electric Limited(KEL)	81,901,542 ▲ 0.16
Cnergyico PK / Dec 20 Cnergyico PK Limited(CNERGY)	68,345,098 ▲ 0.12
Pak Elektron / Dec 20 Pak Elektron Limited(PAEL)	57,974,101 ▲ 1.47
Pak Refinery / Dec 20 Pakistan Refinery Limited(PRL)	45,251,944 ▲ 0.40
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	43,240,462 ▲ 1.00
Sui South Gas / Dec 20 Sui Southern Gas Company Limited(SSGC)	40,539,001 ▼ -0.74
B.O.Punjab / Dec 20 The Bank of Punjab(BOP)	35,598,669 ▲ 0.24
Symmetry Group / Dec 20 Symmetry Group Limited(SYM)	34,869,613 ▼ -0.72

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