Rusal Drops in Moscow as Aluminum Prices Fall to One-Month Low

Rusal International's Controlling Shareholder En+ Said It May Consider Seperating Rusal's International Assets and Creating New Non-Russian Companies.According to the statement from En+, options included the possibility of developing the company's international business. En+ stressed that the strategic review was at a preliminary stage and that any future course of action would be subject to further consideration and discussion with relevant regulators and key stakeholders.

SHFE aluminium prices fell throughout the day on Tuesday April 24 and closed 3.7% lower as the US Treasury Department signalled it may ease the sanctions against Russian aluminium producer Rusal.

Rumor has it Shandong will slash aluminum output by over 2 million tonnes, SMM understands.

On a quarterly basis, Rusal reported an increase in bauxite output, but declines in alumina and aluminum production in Q1 2017, according to its latest quarterly report.

May Aluminum Contract on the SHFE only fell 0.8% on Friday despite the nosedive of ferrous and other nonferrous metals.

The United States launched dozens of cruise missiles Thursday night at a Syrian airfield. Risk aversion assets thus received a boost. As of 10:15 am April 7, June gold contract on the Shanghai Futures

The  at Baltic Exchange for ships carrying dry bulk commodities fell to 702 points on Friday mainly due to higher cape, panamax and supramax indices.

Attention should be on US’s and European economic data on Thursday。

Attention should be on a series of economic data on Wednesday.

The main sea freight index at Baltic Exchange for ships carrying dry bulk commodities gained further on Monday boosted by higher cape index.