×
0 0 0 0 0 0 0 0
Stockreport

Alcoa Sees Global Aluminum Market Balancing on China's Curbs [Bloomberg Business News]

ALCOA (AA)  More Company Research Source: Bloomberg Business News
Last alcoa earnings: 4/18 04:10 pm Check Earnings Report
US:NYSE Investor Relations: investors.alcoa.com
PDF Alcoa Corp. sees Chinese cuts in aluminum production returning the global market to “relative balance” as the Asian nation’s supply-side reforms begin to bite. The largest U.S. aluminum producer reduced its global surplus forecast for the lightweight metal this year as China appears to be holding to its promise to curb capacity to meet pollution-control targets. “The improvement is mostly due to planned and actual curtailments in Chinese smelting capacity as well as increased Chinese demand,” Alcoa said Wednesday in its third-quarter earnings statement . China will have a surplus of 1.8 million to 2 million metric tons of aluminum this year, Alcoa said in a presentation accompanying the earnings report. That compares with a July projection for a surplus of 2.2 million to 2.4 million. As a result, the company projects the global aluminum market is heading to relative balance in a range of a 300,000-ton deficit to a 100,000-ton surplus. In [Read more]

IMPACT SNAPSHOT EVENT TIME: AA
Last Price
Price Change
Price Change %
Volume Shares
Max Up
Max Down
Volume Ratio
%
Performance comparison Updated
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST
PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST
PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
LAST PRICE
VWAP
High:
MAX UP
High:
Low:
MAX DOWN
Low:
%
POST NEWS RANGE
%
PRICE CHANGE

PRICE CHANGE PERCENTAGE


S&P 500 (SPX)

%

VOLUME RATIO
%

VOLUME (SHARES)
TICKS

AVG SHARES PER TRADE

Don't Miss Out On The Next BIG Stock Move
EVENT DAY
Event Day Chart will not be displayed beyond 90-day period of the event
PERFORMANCE SINCE EVENT
TIME AND VELOCITY ANALYSIS