Posted by VIWizard > 2015-04-24 15:18 | Report Abuse

drop fast up fast too.. fast and furious!

Posted by anonymousinvestor > 2015-04-24 15:18 | Report Abuse

aluminium price drop 1% and the stock drop 10%++ with this volume? jz a fund cut its holding la.. panic for what..? i believe got other funds taking up the selling.

Posted by alanleeky > 2015-04-24 15:24 | Report Abuse

be safe sideline over weekend can hv any announcement out

Posted by Lim Elson > 2015-04-24 15:26 | Report Abuse

drop on bad news... up after realize...

Posted by Hsien Hui Yeoh > 2015-04-24 15:27 | Report Abuse

Our subsidiary in Foshan, Press Metal International Limited, is one of the largest exporters of aluminium products in China, with a production capacity of 120,000 tonnes per annum.

The Group has also established an extrusion facility in Hubei, China, with a production capacity of 30,000 tonnes per annum. The Hubei extrusion operation complements our Hubei smelter which has a production capacity of 90,000 tonnes per annum. The smelter has a self-sufficient energy supply as our subsidiary owns and operates a 180MW coal-fired power plant.

Posted by Alex Chan > 2015-04-24 15:47 | Report Abuse

: China, the world’s largest aluminum producer, may worsen a global glut of the metal as the government scrapped export taxes for some products.

The removal of fees to ship certain aluminum products may encourage further exports from the country that accounts for about half the world’s production. Global prices may sink as the move encourages producers to shift China’s aluminum glut overseas, according to Bloomberg Intelligence.

“The policy will improve China’s aluminum market by encouraging exports and reducing domestic oversupply, but will increase global aluminum supply,” said Ma Kai, a Beijing-based analyst at China International Capital Corp. “Overseas aluminum premiums will be damped, while rising Chinese exports will also have a negative impact on LME aluminum prices.”

China continues to add aluminum capacity as smelters elsewhere struggle to cut enough supply to buoy prices. The nation’s exports of unwrought aluminum and aluminum products in the first quarter of 2015 rose 43 percent from a year earlier to 1.21 million metric tons, customs data show.

Aluminum for delivery in three months on the London Metal Exchange fell 0.7 percent to $1,794 a ton at 3 p.m. in Shanghai. Prices are down 3.3 percent this year.

Alcoa Inc., the largest U.S. aluminum producer, forecast a global oversupply of the metal for 2015 and the slowest rate of growth in global consumption in three years. China will add more than 80 percent of new global capacity this year, according to the company’s data.

China will remove all export taxes on bars and rods of primary aluminum and aluminum-alloy starting May 1, the Ministry of Finance said on its website Thursday. The government also scrapped export fees on rare earth ores, as well as tungsten and molybdenum alloys.

Posted by Lim Elson > 2015-04-24 15:56 | Report Abuse

oh.. look like got ppl realize it..

Posted by VIWizard > 2015-04-24 16:02 | Report Abuse

rebounding

Posted by tamura > 2015-04-24 16:05 | Report Abuse

ya rebouding...entered morning....almost very rugi sell it already...

Posted by VIWizard > 2015-04-24 16:08 | Report Abuse

tamura u entered wat price? so fast sell?

Posted by Alex Chan > 2015-04-24 16:08 | Report Abuse

Big question
Is perception going to be matched by realities?

Posted by VIWizard > 2015-04-24 16:16 | Report Abuse

not 100% matched

Posted by Lim Elson > 2015-04-24 16:28 | Report Abuse

buy!

Posted by Jason520 > 2015-04-24 16:31 | Report Abuse

Key take aways from Press Metal Conference Call

1. Removal of export tax is applicable mainly on wire rods- semi-finished product

2. Despite removal of export tax, VAT of 17% is still applicable (no rebate) and therefore not competitive for the China players to export larger amount than they already have.

3. Aluminum wire rods from China are of lower quality and less in demand by regional buyers.

4. China's energy cost is still higher compared to PMetal.

5. Coy not expecting China producers to flood the market with this change of ruling.

6. Current Japan premium at USD250/tonne is seen as healthy. It should also help to deter China players from exporting aggressively at current premium.

Posted by Lim Elson > 2015-04-24 16:32 | Report Abuse

Kenanga report out... buy outperform!

Posted by Jason520 > 2015-04-24 16:36 | Report Abuse

I'm still upbeat on Pmetal :)

Posted by Lim Elson > 2015-04-24 16:43 | Report Abuse

buy b4 aunty uncle buy..

Posted by adrian0229 > 2015-04-24 16:48 | Report Abuse

Monday will continue fall.?

Posted by alanleeky > 2015-04-24 16:48 | Report Abuse

kenanga report bila punya?

Posted by Jason520 > 2015-04-24 16:49 | Report Abuse

Hi Lim Elson, where to get the kenanga report?

Posted by VIWizard > 2015-04-24 16:51 | Report Abuse

close at 2.9 nice!

Posted by 8u29song > 2015-04-24 16:56 | Report Abuse

no risk no gain.....high risk ? gain.....

Posted by Lim Elson > 2015-04-24 17:03 | Report Abuse

kenanga report from remeiser system lo... non remeiser cant saw it... i think you will saw it later

Posted by Lim Elson > 2015-04-24 17:04 | Report Abuse

always keep contact with your remeiser.. especially buy gift for them when u win money... haha

Posted by tjhldg > 2015-04-24 17:07 | Report Abuse

kikikikiiiii ... is easy to say buy when si ia bo fear , how many can do it le ? ....hahahahaha

good luck all ...monday open gap up 3.00 ... huat aarrrrrrrrrrrrrrrrrr

Posted by Elvin Beh Chun Yen > 2015-04-24 18:52 | Report Abuse

Aluminium premium - did not go down much. No issue with Pmetal. The more it falls, the more I buy :)

Posted by tamura > 2015-04-24 19:39 | Report Abuse

hard to gap up lah....cos i haven't sold it...normally i got no luck one....

Posted by 88729 > 2015-04-24 19:48 | Report Abuse

I am going to buy on Monday, withdraw all my saving and FD ! Anyone wants to join me?

Posted by tamura > 2015-04-24 19:50 | Report Abuse

I wanna withdraw my epf too...can wait?

Posted by YS Babe > 2015-04-24 19:53 | Report Abuse

aku rasa rasa macam monday jatuh lagi

Posted by kenneth89 > 2015-04-24 23:50 | Report Abuse

how to withdraw epf buy stock?

Posted by Taipa > 2015-04-25 00:28 | Report Abuse

Withdrawal fr EPF for share investment will no longer available with effective in May.

Posted by anonymousinvestor > 2015-04-25 00:38 | Report Abuse

china aluminium is not favorable.

and there are AD for china's aluminium too..
http://www.bloomberg.com/news/articles/2014-12-12/china-aluminum-foil-makers-face-threat-of-wider-eu-duties
http://trade.ec.europa.eu/doclib/docs/2014/december/tradoc_152943.init.en.C444-2014.pdf

jz checked today's LME, today aluminium price goes up d, back to 1800, and the warehouse stock is at it's historical low

Posted by Kelvin Ching > 2015-04-25 13:15 | Report Abuse

aluminium price
1,822.00 USD 39.00 USD 2.19

Posted by Alex Chan > 2015-04-25 14:04 | Report Abuse

Break 2.90
Next 2.60

Posted by Jingweihan > 2015-04-25 21:48 | Report Abuse

If rm2.60, buy again.

Posted by tjhldg > 2015-04-25 22:03 | Report Abuse

2.60 ? Definitely not on Monday and morning section will break 3.00 :)

Posted by SeanKai > 2015-04-25 23:41 | Report Abuse

Queue or not on Monday? lol

Posted by BURSAMASTER > 2015-04-26 09:11 | Report Abuse

Aluminium price shot up by USD25 to USD1830 on Friday on the metal exchange contrary to players believe that the aluminium prices will retreat due to the China's move on tax regime. To look out for reversal of PMETAL tomorrow

Posted by tamura > 2015-04-26 12:10 | Report Abuse

Let's bet...tmr go south till drop trouser or go north....

Posted by BURSAMASTER > 2015-04-26 12:57 | Report Abuse

i bet go north...let's see who is right

Posted by Taipa > 2015-04-26 16:50 | Report Abuse

Shall back to rm3 level

Posted by mars1069 > 2015-04-26 19:22 | Report Abuse

tmr will bounce back to 3.1x :D

Posted by LaoLiu > 2015-04-26 20:23 | Report Abuse

Look see on PMetal 1st, Monday market open, as it can support back uptrend, will definitely go to a BUY.

Posted by mars1069 > 2015-04-26 21:42 | Report Abuse

i missed to buy at 2.82... tmr mkt open need to grab some shares.

Posted by Alex Chan > 2015-04-26 22:26 | Report Abuse

I bet south...2.60 at least end of week
People will get out in anticipation of May 1

Posted by Kuang Xue Qi > 2015-04-27 01:24 | Report Abuse

add more before rm3

Posted by VIWizard > 2015-04-27 09:06 | Report Abuse

hahaa 2.6 end ot the week? now is 2.93!

Posted by Lim Elson > 2015-04-27 09:10 | Report Abuse

no one refer Kenanga remeiser about PMetal news ???

Outperform. BUY !

Posted by VIWizard > 2015-04-27 09:18 | Report Abuse

3.6 end of this week haha.. joking joking