Posted by turbo88 > 2014-09-22 10:37 | Report Abuse

up up and away....

Posted by jrjs > 2014-09-22 12:24 | Report Abuse

with a very small volume today...normally Pmetal is not like this...some of the day, need to be silent i think...

Posted by Luckyguy > 2014-09-22 13:24 | Report Abuse

This counter has been quiet for about two weeks.. the upside is limited ? Better change to other counters

Posted by turbo88 > 2014-09-22 14:05 | Report Abuse

it is during the darkest of time that the light will shine brightest....it's time to accumulate even more the "Asia King of Aluminium"....

Posted by jrjs > 2014-09-22 17:09 | Report Abuse

Where is qwerty? Close at 7.13 ..now what is the nxt trend? Qwerty and 360capitalist?

Posted by Luckyguy > 2014-09-22 18:28 | Report Abuse

Losing steam..... better run

Posted by turbo88 > 2014-09-22 18:58 | Report Abuse

here i come to save the day....

Posted by turbo88 > 2014-09-22 19:01 | Report Abuse

turbo88 is on the way....

Posted by sarawakian > 2014-09-22 22:40 | Report Abuse

the chart 20d - "chin chia shui"

Posted by 360capitalist > 2014-09-23 08:49 | Report Abuse

http://www.metalbulletin.com/Article/3382351/Aluminium-contract-talks-in-the-USA-heat-up.html#ixzz3E5yiYT7A September 22, 2014 - 08:19 GMT Location: New York

Aluminium contract talks in the USA heat up

Aluminium contract negotiations for 2015 in the USA have kicked off ahead of schedule, market participants told Metal Bulletin sister publication AMM, citing noticeable upticks in demand and growing concerns over long-term availability of the material.

Supply concerns are furled by a recent spike in aluminium demand, largely stemming from Dearborn, Michigan-based Ford Motor Co's transition to aluminium in its 2015 F-150 pickup, one aluminium trader said. "People are generally starting to believe that capacity is going to be a huge problem in 2015 and beyond," he said. "The metal is in tight hands and big buyers are absolutely not messing around this year....

Posted by qwerty > 2014-09-23 08:51 | Report Abuse

As mentioned last week, the appropriate price to close is at 7.10
Closing at 7.13 is considered very closed to it. Once it started to
close higher from today, it is most likely to start 2nd. leg uptrend.

Posted by 360capitalist > 2014-09-23 08:52 | Report Abuse

http://www.metalbulletin.com/Article/3381472/WEEK-AHEAD-What-to-look-out-for-from-September-22.html#ixzz3E5zOvYXw

Aluminium European aluminium consumers began to book forward volumes last week after a dip in London Metal Exchange prices, but most contract business for the fourth quarter and 2015 is still to be done. Market participants have full diaries for Metal Bulletin's 29th International Aluminium conference in Abu Dhabi this week, and a more traditional mating season is on the cards after some unusual buying patterns over the past few years. European premiums have risen in the past two weeks on inter-trade business. With consumers returning to the market in force in the coming days and weeks, and high premiums in other regions, those premiums are expected to rise further through the fourth quarter. Buyers and sellers will be looking to settle the key Asian premium benchmark for October-December delivery to the main Japanese ports (MJP) at Metal Bulletin's aluminium conference in Abu Dhabi, which starts with a reception on Monday September...

Posted by 360capitalist > 2014-09-23 08:55 | Report Abuse

http://www.autoguide.com/auto-news/2014/09/toyota-turns-aluminium-new-camry.html

According to Automotive News, the Toyota Camry is set to receive an aluminum hood in 2018. Before the Camry gets its new hood though, Toyota’s luxury arm Lexus will use the lightweight material for the hood and liftgate of the 2016 Lexus RX 350.

“Toyota has plans to use aluminum on future vehicles for hood, closures and parts for lightweighting,” said spokeswoman Jana Hartline. “Also, we will increase usage of mix metals and resin materials to enhance lightweighting efforts.” In Japan, Toyota already uses aluminum in a few of its vehicles including the Prius and most Lexus sedans.

The aluminum is expected to be manufacturer in the Southeastern U.S., with the plant churning out 100,000 tons of aluminum sheets annually thanks to a joint venture between Toyota Tsusho Corp. and Kobe Steel.

The about to be released 2015 Ford F-150 is the first mass market vehicle in America to use aluminum body panels, helping the truck lose about 700 pounds compared to the previous generation.

Posted by 360capitalist > 2014-09-23 09:02 | Report Abuse

Price has dropped to attractive level to buy at RM7.10 to 7.15 level..
Slowly accumulative as it should heading higher with expectation of improvement in price aluminium sentiment. The LME aluminium price should reach USD2200 by October / November 2014 due to strong demand from automotive sector and deficit in supply for 2015 & 2016.

Posted by qwerty > 2014-09-23 09:35 | Report Abuse

I believe PMETAL will be the last day down today. Wed shd start to see a recovery.

Posted by Leng928 > 2014-09-23 09:43 | Report Abuse

what happen on wed?

Posted by 360capitalist > 2014-09-23 09:48 | Report Abuse

Best time to accumulate during thin volume

Posted by qwerty > 2014-09-23 10:13 | Report Abuse

Wed. likely to see it stabilizing and start to move up slowly.

Posted by turbo88 > 2014-09-23 10:40 | Report Abuse

i'm coming in to buy...

Posted by 360capitalist > 2014-09-23 11:04 | Report Abuse

http://www.marketwatch.com/story/chinas-manufacturing-shows-surprise-improvement-hsbc-pmi-2014-09-22

China's manufacturing shows surprise improvement: HSBC PMI

Posted by 360capitalist > 2014-09-23 11:49 | Report Abuse

Metal prices rebound post China PMI data

http://www.metalbulletin.com/Article/3382859/LME-ASIAN-WRAP-Copper-gained-on-HSBC-China-PMI.html#ixzz3E6hrBBVp

London Metal Exchange copper prices increased on Tuesday September 23 on the better-than-expected HSBC flash China PMI reading.

At 0411 London time, three-month copper stood at $6,754 per tonne, $25.5 higher than at the opening. "The PMI reading suggested manufacturing activities have showed signs of stabilization, "Qu Hongbin, Chief economist at HSBC, said. The HSBC's flash Manufacturing Purchasing Managers' index (PMI)...

Posted by turbo88 > 2014-09-23 15:08 | Report Abuse

ok... bought lots and lots today !!!

Posted by 8wpwtmt8 > 2014-09-23 16:09 | Report Abuse

Can PMETAL hold on to RM7.00 resistance? Aluminium price still in red.

Posted by 8wpwtmt8 > 2014-09-23 16:23 | Report Abuse

Now testing the resistance of RM7.00 already. Can it hold? Anyone queuing at RM7.00?

Posted by 8wpwtmt8 > 2014-09-23 16:27 | Report Abuse

RM7.00 is broken. All hells break loose.

Posted by turbo88 > 2014-09-23 16:29 | Report Abuse

i'm like a kid in a candy store....buy buy buy....!!!

Posted by jrjs > 2014-09-23 16:34 | Report Abuse

then? qwerty what is your opinion/analyst rite now? it's break 7 just now..

Posted by 360capitalist > 2014-09-23 16:34 | Report Abuse

Begineer.. your time to re-enter

Posted by 360capitalist > 2014-09-23 16:57 | Report Abuse

Bro Qwerty deleted his posting again ... ????

Posted by 8wpwtmt8 > 2014-09-23 16:57 | Report Abuse

Close at only RM6.98. What is the fair price of PMetal now? Will there be a rebound tomorrow? Aluminium price is temporary in green now.

Posted by jrjs > 2014-09-23 17:04 | Report Abuse

Lhopefully it will rebound tomorrow. Seem that almost two weeks Pmetal not that active...wondering what happens with this pmetal..down to much today..

Posted by CCV2013 > 2014-09-23 17:31 | Report Abuse

qwerty: any comments!

Posted by qwerty > 2014-09-23 17:31 | Report Abuse

Findings per today's closing:

1. Price sitting below Bollinger band which expanded 22% - no good
2. MACD being pressed down - as expected - Good
3. Timing indicators low - Good

Trading Expectation tomorrow:
1. Price may dip momentarily tomorrow morning and then start to rebound.
2. It must close with a green tomorrow to maintain its uptrend.
3. If the above criteria is met, then it might move up 2nd.leg. else, bad.

Posted by qwerty > 2014-09-23 17:37 | Report Abuse

4. Bad doesn't mean end of game. It means that it may take a slightly longer rest say 1 extra week before attempting to move up. Since it has been moving up without taking a break, they may do it now if they wanted it.
We can only know by tomorrow's closing.

Posted by keepeng > 2014-09-23 18:10 | Report Abuse

let us hope for the best tomorrow

Posted by 360capitalist > 2014-09-24 08:50 | Report Abuse

MB ALUMINIUM CONF: High premiums could block smelter restarts

While high aluminium premiums have returned western aluminium producers to profitability over the past year, they are likely to impede any smelter restarts, traders said on the sidelines of Metal Bulletin’s 29th International Aluminium Conference in Abu Dhabi.
About 6 million tpy of aluminium production has been shuttered in the past six years, UC Rusal's first deputy ceo, Vladislav Soloviev, said at the conference. "About 60% of that will not restart, but the rest could," he told delegates. The all-in price of aluminium is about $2,400 per tonne,...

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MB ALUMINIUM CONF: Global aluminium premiums will not fall in near term

Global aluminium premiums show absolutely no signs of falling in the near future, delegates said at Metal Bulletin’s 29th International Aluminium conference in Abu Dhabi. Demand, which has driven premium increases over the last year, is set to grow faster than aluminium production in the coming years, exacerbating the supply tightness that market participants are already struggling with. "Demand will rise 6-7% this year.

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MB ALUMINIUM CONF: Most idled Al capacity will not be restarted – Soloviev

The majority of the aluminium capacity idled during the economic downturn will probably not be restarted, the first deputy ceo of UC Rusal told Metal Bulletin. Vladislav Soloviev said that about 60% of Rusal's idle capacity (600,000 tpy) and a similar level of other shuttered smelting production is expected to stay offline. "It will depend on the price: if prices became very high then maybe we'd come back to this question," he said. "But as of today, and for the next three or four years, I don't see any restarts." Rusal's own capacity will likely shift to Siberia, where access to hydropower is available and logistics are well situated. Soloviev said that 60-65% of capacity in the broader industry looks also unlikely to be restarted. And to restart the remaining capacity will take time,...

Posted by qwerty > 2014-09-24 09:08 | Report Abuse

PMETAL - I see it rebounding very soon from now

Posted by qwerty > 2014-09-24 09:09 | Report Abuse

Those who want to top up, now's the time before it move up.

Posted by jeannie > 2014-09-24 09:09 | Report Abuse

still going down..guess its right time to collect..

Posted by qwerty > 2014-09-24 09:14 | Report Abuse

I see price stabilizing at 6.90-6.93 and then move up

Posted by qwerty > 2014-09-24 09:17 | Report Abuse

Recap from yesterday:


qwerty Findings per today's closing:

Trading Expectation tomorrow:
1. Price may dip momentarily tomorrow morning and then start to rebound.

23/09/2014 17:31

It is happening to expectation. If indeed it rebound, then we have a chance to see its recovery pretty soon.

Posted by qwerty > 2014-09-24 09:19 | Report Abuse

The rebound should happen within 2hrs. or earlier

Posted by qwerty > 2014-09-24 09:20 | Report Abuse

The brave of hearts can go in now.

Posted by qwerty > 2014-09-24 09:28 | Report Abuse

I entered contra liao

Posted by jrjs > 2014-09-24 09:29 | Report Abuse

tq qwerty for the infor...i think it's start to rebound..

Posted by qwerty > 2014-09-24 09:30 | Report Abuse

Recap:

qwerty I believe PMETAL will be the last day down today. Wed shd start to see a recovery.
23/09/2014 09:35

Now, its happening. All falling into place. Enjoy

Posted by qwerty > 2014-09-24 09:33 | Report Abuse

I'll be busy with my work. If price sustain at this level. everything's going to be fine. Till then... i will write when i'm back.

Posted by turbo88 > 2014-09-24 10:10 | Report Abuse

come on baby....its shopping time !!!...load up all the PMETAL that u can, the undisputed smelter king of Asia

Posted by 360capitalist > 2014-09-24 10:31 | Report Abuse

Time to shopping

Posted by jrjs > 2014-09-24 11:37 | Report Abuse

pmetal is still sleeping...what happens?