Avoid until we have REAL picture, as of now we do not know the full impact yet. We do not know whether it affect the production operation or need to take how long to resume production.

Samalaju plant is contributed about 75% of PMetal smelting capacity.

normal.. profit taking to shake-off traders before hitting higher.. Accumulate now .. it will cross RM1.00 pretty soon.. maybe today or tomorrow

Tanjung Tokong.. same area with E&0.. Land value RM1000 to 1500 psf

Accumulate as much as possible and Hold... You will never regret .. The next Gem in making

Today closing is very meaningful breakout from recent consolidation or sideway movements..

agreed with Janeliaw.. That is how investors or traders like KYY made his fortune..

History will repeat ..It will touch support level at RM2.20 to 2.40. .. then RM1.80
Ignore all technical rebound as it will be short-lived as the aluminium sector has take a new ugly look now. I agreed with Fortunebullz, aluminium might be another commodity badly hit after oil, The aluminium price has trading at 5 years low now, with new china aluminium supply floods the market, we expect the prices go even lower than anybody guess.
For those expect high dividends play, your dream will end soon as the the thin profit margin will impact the company cash flow and its ability to pay dividend. PMetal might need to go for new round of fund raising like right issue if it persists of carrying the capacities expansion as planned earlier.

Remark:
I just share my view and You have the right to opine your view too..

I have big doubts on PMetal new expansion of capacity will be taking place as scheduled earlie

Don't catch a falling knife,

I just share my view, since April 12.. alert members to cut position.. China removed of export duties has big impact on aluminium industry.
It will change the world aluminium supply landscape scenario to Over Supply situation from deficit.

Cut loss now, important is capital protection. Don't hope it will rebound tomorrow. Today is first day only, The worst is not coming yet.
Eventually It will go down to RM2.00 to RM2.20 soon, within 1 to 2 week.

Remark :-
I have Long term bearish on PMetal as long as China is removing the export tariffs,.

in this world.. only Joeylee one person is putting a statement aluminium got more value than gold... stupid statement

JoeyLee.. Don't simply put up a statement : Aluminium is more worthy than gold. What is the use of gold?

With this statement we can simply gauge your level of intelligence and knowledge

http://www.kitcometals.com/charts/aluminum_historical.html

Aluminium price at 5 years low

http://www.benzinga.com/analyst-ratings/analyst-color/15/04/5395914/stifel-lowers-alcoas-price-target-by-a-buck?utm_campaign=partner_feed&utm_source=marketwatch.com&utm_medium=partner_feed&utm_content=analyst_ratings_page

Shares of Alcoa Inc AA 0.45% were down about 4 percent on Thursday, after the company missed revenue estimates when reporting financial results on Wednesday. To better reflect the impact of lower premiums, Stifel analysts Paul Massoud and Anthony Shen adjusted their second quarter estimates and trimmed their price target on the stock from $20 to $19.

Despite the reductions, the firm maintained a Buy rating on shares, maintaining its longer-term thesis that Alcoa is "shifting its portfolio away from the upstream business and raising exposure to value add businesses that should continue to benefit from aerospace demand and rising aluminum consumption from autos."

The price target drop was triggered by the lukewarm results and the decline in LME aluminum prices and regional premiums. These led Stifel to lower its realized aluminum price for 2Q15 from $2,500 per tonne to $2,350 per ton. As a result, they now estimate second quarter EPS of $0.24, versus their previous estimate of $0.27 (Street consensus is $0.26). Their 2015 EPS estimate is now $1.21, down from $1.25 previously (Street consensus is $1.06) as the first quarter beat is offset by somewhat lower aluminum price assumptions in the second quarter.



Read more: http://www.benzinga.com/analyst-ratings/analyst-color/15/04/5395914/stifel-lowers-alcoas-price-target-by-a-buck#ixzz3X6MW7DPR

LME OFFICIALS: Aluminium prices fall as Alcoa sparks oversupply concerns
April 09, 2015 - 14:16 GMT Location: London

KEYWORDS: London Metal Exchange , aluminium price , Alcoa , lead , copper

Aluminium prices dropped during official trading on the London Metal Exchange on Thursday April 9, as Alcoa sparked concerns that the market will be in oversupply this year.

Three-month aluminium settled at $1,769/70 per tonne, down from its previous price of $1,774/74.50, after Alcoa predicted that the market would be in surplus in 2015. "Alcoa, the largest US aluminium producer, expects a supply surplus of 326,000 tonnes on the global aluminium market this year. Three months ago the company was still anticipating a moderate deficit. The surplus is...

http://www.metalbulletin.com/Article/3443518/LME-OFFICIALS-Aluminium-prices-fall-as-Alcoa-sparks-oversupply-concerns.html#axzz3X6GO2Zpt

METALS-Aluminium drops on oversupply worries
http://af.reuters.com/article/metalsNews/idAFL5N0X61VX20150409

LONDON, April 9 (Reuters) - Aluminium hit a three-week low on Thursday on concerns of oversupply and a cut in Chinese power prices, while lead and zinc hit multi-month highs on further inventory drawdowns.

Daily London Metal Exchange (LME) data showed lead stocks MPB-STOCKS fell 725 tonnes to 223,125 tonnes, their lowest level since mid-March, while zinc stocks MZN-STOCKS fell 50 tonnes to 509,925 tonnes, their lowest point in five years.

Market is damn bad. Aluminium price will go lower due to economy slow down in most parts of the world.. China, Germany, Russia. ..
Hopefully aluminium price can sustain at USD 1850,, 1760
http://www.kitcometals.com/charts/aluminum_historical.html

If USD 1800 cannot hold.. stock analysts will reduce projection of forecasted profit to RM200 mil hence reduce target price to below RM6.00 level

Aluminium price tumbled to lowest since June amid poor economy data and market recession concerns.
Break critical support level aTUSD1900 level ,,, USD1869.50 / 1898..
http://www.westmetall.com/en/markdaten.php?action=show_table&field=LME_Al_cash#y2010

shopping time

Time to shopping

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,...

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

Begineer.. your time to re-enter

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)...

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

China's manufacturing shows surprise improvement: HSBC PMI

Best time to accumulate during thin volume

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.

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.

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...

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....

I don't know why Bro Qwerty deleted his posting..
For PMetal, it is poised to heading higher soon based on technical chart reading.
You should see major leap and jump within this week.

I believe few GOOD NEWS is on the way.

Happy Trading

If USD strong.. good for export oriented company like PMetal as majority of sales denominated at USD hence boosted the bottomline.

Bro Qwerty.. deleted all his posting ...

Bro.. yesterday closed at RM7.18 .. today closed at RM7.26
Please don't confused our members

It will go up from now... I don't see further pull back from this level. This is my personal view and it should not form any basis for you to make investment decision.

I will jump in and buy at RM7,20 to 7.30 level with bonus issue play and good market sentiments.

Aluminium 3 month price still at USD2005.. spot rate around USD1996 with aluminium premium all in still at USD 2300 which is higher than Q2 at USD2168 (with net profit of RM60mil or Net profit margin at 6,1%).

For Q3, With USD2300.. PMetal should achieve net profit of RM120mil or net profit margin of 13% which is double Q2 profit. This is higher than analyst prediction of net profit at RM80mil to RM90mil level. Thus provide catalyst for further upgrade target price.

Hi Begineer.. Tomorrow jump start and your journey of day dream continue..

Another trend reversal soon.. as the stock holding well at RM7.25.. breakout soon from downtrendline.. slowly accumulate now at RM7.25/7.26...

With the expected announcement of Bonus Issue coming soon, is good to accumulate at this level.. Target price before end of this month.. RM8.00

Announcement on Bonus Issue coming

RM7.27... Begineer.. don't wait for RM7.02 anymore

Alloy can fetch extra USD120 net profit per Metric Tonne. The selling price is USD200 higher than normal grade aluminium ingot.

ok,,.. Thanks

what interview,,, mind to share here ??

Year end easily RM11.00 to 12.00.. some say RM15.00 posible too depends on world aluminium price trend..

RM7.02 very unlikely
PMetal says Good Bye to Beginner and Joel...

Japan’s Q4 aluminum premiums hold at $420/mt
US spot premiums have risen by 2.7% to a record high of 21.25 cents/lb ($467.50/mt) plus LME,
http://www.hellenicshippingnews.com/japans-q4-aluminum-premiums-hold-at-420mt-despite-spike-in-us-europe/

now RM 7.20 and not 7.02
Beginner... if you have sold earlier... You should buy back now

Beginner... u want to act like Master or Sifu... hahaha

http://www.metalbulletin.com/Article/3380708/CLOSE-TO-CLOSE-Chinas-500-billion-yuan-liquidity-drive-lifts-base-metals-prices.html#ixzz3DWuWxbjm
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China's 500 billion yuan liquidity drive lifts base metals prices
September 16, 2014 - 17:34 GMT Location: London

KEYWORDS: nickel rally , PBOC , copper futures , aluminium premiums

Base metals prices staged a recovery in kerb trading on the London Metal Exchange on Tuesday September 16 as the People’s Bank of China announced a 500 billion yuan ($81 billion) liquidity boost for China's top banks, triggering a flurry of short-covering.

Three-month copper closed at $6,901 per tonne, compared with $6,825.75 on Monday. "Late in the London day, [...] the People's Bank of China announced 500 billion yuan liquidity to China's top five banks," a trader said in a note.