Today, the centre of SHFE aluminium futures fell from the previous trading day, market shipment sentiment was relatively pronounced, and overall spot aluminium transactions shifted to discounts. Today, market transactions for A00 aluminium ingot premiums were between a discount of RMB 40 per tonne...
Futures: SHFE aluminium closed at RMB 24,010 per tonne, down 0.62 per cent, with the price breaking below MA5 (around 24,160) but holding slightly above MA10 (23,988.5); short-term moving average support faces a test, while medium-term MA30 (23,469.5) and MA60 (23,699.67) remain in bullish...
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Futures: The most-traded cast aluminium alloy 2601 contract opened at RMB 21,350 per tonne overnight, continued to hold up well, touched a high of RMB 21,375 per tonne, a low of RMB 21,280 per tonne, and finally closed at RMB 21,370 per tonne, up RMB 30 per tonne or 0.14per cent from the previous...
Futures: Technically, the SHFE aluminium 2601 contract extended gains in yesterday's night session, closing at RMB 21,950 per tonne, up 0.85per cent, showing strong performance. The moving average system displayed a bullish alignment, with MA5 to MA60 (21,945-21,949) highly converged and prices...
On the Multi Commodity Exchange (MCX), the Aluminium Futures contract trade is recorded to be swaying between INR 268 (USD 3.22) and INR 275 (USD 3.31) per kg. As of now, aluminium is traded at INR 273 (USD 3.28) per kg. As of now, the price has been broadly range-bound in the past week. With a...
Futures: From a technical perspective, the SHFE aluminium 2601 contract rose slightly by 0.28 per cent to RMB 21,750 per tonne during the night session on November 11, showing an overall pattern of fluctuating upward within a narrow range. The moving averages (MA5, MA10, MA30, MA60) were densely...
Futures: From a technical perspective, SHFE aluminium 2601 prices at the night session closed at RMB 21,675 per tonne. The MA5 (21,675) and MA60 (21,674) are near the current price, but the MA10 (21,677) and MA20 (21,677.33) are slightly higher, forming short-term resistance. The MACD indicator is...
Futures: Based on the SHFE aluminium 2601 contract, the technicals from Friday's night session showed: The price settled at RMB 21,555 per tonne, down 0.46 per cent, below all key moving averages (MA5=21,557, MA10=21,558.5, MA30=21,558.33, MA60=21,558.5), indicating a short-term bearish bias; In...
Futures: The most-traded cast aluminium alloy AD2601 futures contract opened at RMB 21,090 per tonne overnight, rose to RMB 21,165 per tonne in early trading, then pulled back, and finally closed at RMB 20,965 per tonne, down slightly by 0.05per cent, showing a fluctuating trend of "retreat after...
Futures: During the night session on November 5, the most-traded SHFE aluminium contract opened lower, then surged before entering a consolidation phase. The 2512 contract opened at RMB 21,355 per tonne, hit a high of RMB 21,475 per tonne, touched a low of RMB 21,330 per tonne, and closed at RMB...
Futures: On the night session of November 4, the most-traded SHFE aluminium contract opened higher but came under pressure and pulled back, then moved into consolidation, generally holding steady at high levels. The 2512 contract opened at RMB 21,395 per tonne, hit a high of RMB 21,440 per tonne...
Futures: On Friday night, the most-traded cast aluminium alloy AD2601 futures contract opened at RMB 20,920 per tonne, reached a high of RMB 20,985 per tonne, a low of RMB 20,875 per tonne, and finally closed at RMB 20,965 per tonne, up RMB 160 per tonne or 0.77 per cent from the previous closing...
Futures: The most-traded cast aluminium alloy ad2512 futures contract opened at the day's low of RMB 20,540 per tonne overnight, then fluctuated upward to hit a high of RMB 20,690 per tonne, and finally closed at RMB 20,680 per tonne, up RMB 105 per tonne or 0.51per cent from the previous close....
Major futures prices for key non-ferrous metals – copper, aluminium, and nickel – on the Shanghai Futures Exchange (SHFE) all rose during the week of October 17-24, supported by improving macroeconomic sentiment both at home and abroad. By the close of the daytime trading session on Friday, the...
Futures: The most-traded cast aluminium alloy 2512 contract opened at RMB 20,705 per tonne overnight, hit a high of RMB 20,760 per tonne and a low of RMB 20,680 per tonne, and closed at RMB 20,705 per tonne, up RMB 80 per tonne or 0.39 per cent from the previous close. Trading volume was 3,107...
Futures: The most-traded cast aluminium alloy 2512 contract opened at RMB 20,460 per tonne overnight, hitting a high of RMB 20,515 per tonne and a low of RMB 20,435 per tonne, before closing at RMB 20,435 per tonne, down RMB 25 per tonne, or 0.12 per cent, from the previous close. Trading volume...
Futures: The most-traded cast aluminium alloy 2512 contract opened at the day's high of RMB 20,420 per tonne overnight, hit bottom at RMB 20,315 per tonne, and finally closed at RMB 20,375 per tonne, up RMB 25 per tonne or 0.12 per cent from the previous close. Trading volume was 1,650 lots, and...
Major futures prices for key non-ferrous metals – copper, nickel, and aluminium – on the Shanghai Futures Exchange (SHFE) all declined during the week of October 10–17, as macroeconomic uncertainties weighed on market sentiment. Image source: https://www.unionfab.com/ Also read: DAILY: China's...
Futures: During the night session on October 17, the most-traded SHFE aluminium contract opened at RMB 20,935 per tonne, reached a highest price of RMB 20,960 per tonne and a lowest price of RMB 20,890 per tonne and finally closed at RMB 20,925 per tonne, down 0.2 per cent. The night session...
Futures: According to the night session data on Oct. 15, technical analysis showed that the SHFE aluminium 2511 contract fluctuated rangebound during the Oct. 15 night session, closing slightly up 0.05per cent at RMB 20,885 per tonne. Moving averages indicated the price was below the 5-day MA...
