Aluminium has so far this year performed much better than expected despite large stocks and overcapacity weighing upon the marketplace. This buoyancy – nudging prices from around $1800 per tonne in mid-2010 to $2500 – has come from strong demand patterns around the globe, in most applications but in particular in the transportation sectors.
But it will be a fine balancing act for the light metal this year and into 2012. Continued healthy demand will be needed to eat into the inventory mountain, but strong orderbooks might tempt some unused capacity back on stream before it is truly required. Likewise, further price rises might see some of the warehouse financing deals being undone, bringing more metal to market.
With a healthy appetite for metal, the downside for prices appears limited in the next couple of years but profit margins will remain under pressure from high energy, environmental and raw materials costs. While most analysts have written off 2011 as a year of surplus, the outlook for 2012 and beyond is less easy to anticipate.
To ensure you get the latest, expert, in-depth insight into the drivers and the pressures on aluminium as we move into 2011, make sure you join us and over 500 key aluminium industry players at our 26th International Aluminium Conference in the beautiful city of Paris.
Key conference themes:
• Stock levels under scrutiny – are they being eroded fast enough?
• What impact will financing deals and ETFs have on inventories and price?
• How strong is demand across the globe – including in the developed economies?
• Can current strong consumption levels be sustained?
• Chinese market balances – which way will they tip in 2012?
• Transportation, packaging and other sectors – which applications are leading the way?
• Is aluminium taking market share from higher-priced commodities such as copper?
• What prospects for energy prices and availability – which regions still have the edge?
• Alumina prices and pricing and other raw material costs – keeping producers on their toes
• How profitable are smelters at these levels and are they investing returns wisely?
• What of the downstream segment – are rolling mills and extruders still fighting for business?
• What expectations for physical premiums and conversion margins?
Reasons to attend:
• Get a real understanding of market dynamics thanks to insightful and informative papers and panels from top-notch industry speakers
• Use this knowledge to gauge where the challenges – and the opportunities will be in 2012 and beyond
• Network with upwards of 500 key industry decision-makers from around the globe – make new contacts to advance your business
• Discuss and seal 2012 deals in the pleasant setting of Paris without wasting precious travel budgets and spending weeks away from the office
I look forward to seeing you in Paris.
Ann Marie Moreno
Senior Conference Programme Manager
Register online before 20 May 2011 and save Euro 500:
26th Int'l Aluminium Conference
26th Int'l Aluminium Conference
Date: 07 September 2011 - 09 September 2011
Venue: Pullman Paris Montparnasse, Paris, France
Aluminium has so far this year performed much better than expected despite large stocks and overcapacity weighing upon the marketplace. This buoyancy – nudging prices from around $1800 per tonne in mid-2010 to $2500 – has come from strong demand patterns around the globe, in most applications but in particular in the transportation sectors.
But it will be a fine balancing act for the light metal this year and into 2012. Continued healthy demand will be needed to eat into the inventory mountain, but strong orderbooks might tempt some unused capacity back on stream before it is truly required. Likewise, further price rises might see some of the warehouse financing deals being undone, bringing more metal to market.
With a healthy appetite for metal, the downside for prices appears limited in the next couple of years but profit margins will remain under pressure from high energy, environmental and raw materials costs. While most analysts have written off 2011 as a year of surplus, the outlook for 2012 and beyond is less easy to anticipate.
To ensure you get the latest, expert, in-depth insight into the drivers and the pressures on aluminium as we move into 2011, make sure you join us and over 500 key aluminium industry players at our 26th International Aluminium Conference in the beautiful city of Paris.
Key conference themes:
• Stock levels under scrutiny – are they being eroded fast enough?
• What impact will financing deals and ETFs have on inventories and price?
• How strong is demand across the globe – including in the developed economies?
• Can current strong consumption levels be sustained?
• Chinese market balances – which way will they tip in 2012?
• Transportation, packaging and other sectors – which applications are leading the way?
• Is aluminium taking market share from higher-priced commodities such as copper?
• What prospects for energy prices and availability – which regions still have the edge?
• Alumina prices and pricing and other raw material costs – keeping producers on their toes
• How profitable are smelters at these levels and are they investing returns wisely?
• What of the downstream segment – are rolling mills and extruders still fighting for business?
• What expectations for physical premiums and conversion margins?
Reasons to attend:
• Get a real understanding of market dynamics thanks to insightful and informative papers and panels from top-notch industry speakers
• Use this knowledge to gauge where the challenges – and the opportunities will be in 2012 and beyond
• Network with upwards of 500 key industry decision-makers from around the globe – make new contacts to advance your business
• Discuss and seal 2012 deals in the pleasant setting of Paris without wasting precious travel budgets and spending weeks away from the office
I look forward to seeing you in Paris.
Ann Marie Moreno
Senior Conference Programme Manager
Register online before 20 May 2011 and save Euro 500:
https://www.metalbulletin.com/EventR...l?EventId=404726th Intl Aluminium Conference.html?EventId=4047
More information:
http://www.metalbulletin.com/EventDe...nference.html?26th Int l Aluminium Conference.html?
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