Weak Q1 16 results for Rusal were anticipated with indiscipline in supply again having taken over the global aluminium markets. Q1 sales collapsed 23% yoy to $1.9bn as both ‘realised aluminium’ and ‘spot alumina’ prices were down 28% and 36%, respectively. Apart from a 16% correction in LME prices, realised aluminium price also sagged under the pressure of plummeting premia (down 59% to $172/t). Although sequentially the sales were up 3.1% due to seasonally higher sale
13 May 2016
A slow start to 2016 was obvious
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A slow start to 2016 was obvious
- Published:
13 May 2016 -
Author:
Varun Sikka -
Pages:
3
Weak Q1 16 results for Rusal were anticipated with indiscipline in supply again having taken over the global aluminium markets. Q1 sales collapsed 23% yoy to $1.9bn as both ‘realised aluminium’ and ‘spot alumina’ prices were down 28% and 36%, respectively. Apart from a 16% correction in LME prices, realised aluminium price also sagged under the pressure of plummeting premia (down 59% to $172/t). Although sequentially the sales were up 3.1% due to seasonally higher sale