Aluminum price currently but in the downturn. 📉 Think 2250 $ / t we should first see once again. After that, it certainly goes back towards 2500 $ in the average.
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@Hannes_SK Holds you well the price the last few months,in October in the last quarter one was already lower.For me, therefore, overall stable.Important will be the statements about the order situation and the earnings estimates, which I think definitely too conservative.
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@Campari The price is also holding steady, but economic indicators on the demand side are declining. 😅
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Disappointing quarterly figures pushed Alcoa shares down 7.4 percent. The aluminum producer reported a net loss and announced that sales in the current year should fall short of the original plan due to uncertainties caused by global inflation, weakening demand from Europe and the weak economic outlook in China. Conclusion The outlook in the last quarter was too pessimistic. Inflation is definitely coming down significantly since the end of last year, China's economic data has brightened significantly since the beginning of the year and Europe continues to run stable since the beginning of the year.This should end up giving a slight upward correction for the outlook for the next quarters now, that is my current assessment of the situation.I can also be completely wrong, but worse prospects compared to the last quarter we definitely do not have.Therefore, there could be a positive surprise here and the next few months a further pull up in value. https://www.deraktionaer.de/artikel/indizes/schlussglocke-wall-street-alcoa-pg-und-ev-unternehmen-im-fokus-20324906.html
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@Campari
Oh, thanks for the extract. However, I already thought that something like that might come out of it. And as I wrote above. I also think that in the short term, the price of aluminum should fall again, but after that it should hover around a midpoint at around $2,500. That would be significantly higher than it is now. Furthermore, I generally only expect an economic downturn in the EU. The energy prices remain high and especially in Germany, these are currently only special effects due to the price brake for the industry. Nevertheless, I found the value that you presented today very interesting. I didn't know it before. If I wanted to speculate on aluminum, I would probably look for my luck at $NHY. 😄
Oh, thanks for the extract. However, I already thought that something like that might come out of it. And as I wrote above. I also think that in the short term, the price of aluminum should fall again, but after that it should hover around a midpoint at around $2,500. That would be significantly higher than it is now. Furthermore, I generally only expect an economic downturn in the EU. The energy prices remain high and especially in Germany, these are currently only special effects due to the price brake for the industry. Nevertheless, I found the value that you presented today very interesting. I didn't know it before. If I wanted to speculate on aluminum, I would probably look for my luck at $NHY. 😄
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•I do not see any downturn in Europe at present. Order situation in Germany is stable, energy prices have fallen significantly in recent months. to 2HJ, the energy prices will probably rise again, but the price brake is also effective here.the extreme price shocks upwards we will not see. Overall, the situation continues to be solid, as long as the U.S. and China run, Europe and especially Germany as an export nation will of course also run solidly. See all this not as black as many, what will happen in the next few years, no one can say anyway.
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@Campari
Energy prices have fallen. However, in most cases, the respective supply prices in industry are negotiated on an annual basis, unless of course one is self-sufficient. Accordingly, production costs are still high this year. Some will be able to hold on. For the majority, however, an exodus is a distinct possibility. I'll just throw $BAS & Co. into the room ...
Energy prices have fallen. However, in most cases, the respective supply prices in industry are negotiated on an annual basis, unless of course one is self-sufficient. Accordingly, production costs are still high this year. Some will be able to hold on. For the majority, however, an exodus is a distinct possibility. I'll just throw $BAS & Co. into the room ...
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I'm also rather skeptical about German chemical stocks, I wouldn't really invest anything there 👍
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•@Campari
Oh well, then we've probably been talking past each other. 😂 I'm already looking forward to your next tip and the next beautiful conversation. On that note, have a wonderful evening! 😄
Oh well, then we've probably been talking past each other. 😂 I'm already looking forward to your next tip and the next beautiful conversation. On that note, have a wonderful evening! 😄
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