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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SMM Alumina Morning Comment 3.25 Futures: The most-traded 2505 alumina contract opened at RMB 3,075 per tonne, reached a high of RMB 3,015 per tonne, a low of RMB 3,069 per tonne, and closed at RMB 3,074 per tonne, up RMB 1 per tonne or 0.04 per cent. Open interest was 214,000 lots. Ore: As of...
Futures Market: Overnight, the most-traded SHFE aluminium 2505 contract opened at RMB 20,875 per tonne, reached a high of RMB 20,895 per tonne, and a low of RMB 20,780 per tonne, closing at RMB 20,840 per tonne, down RMB 55 per tonne, or 0.26 per cent. LME aluminium opened at USD 2,674 per tonne,...
Futures Market: Overnight, the most-traded SHFE aluminium 2505 contract opened at 20,715 per tonne, reached a high of RMB 20,720 per tonne, a low of RMB 20,630 per tonne, and closed at RMB 20,650 per tonne, down RMB 65 per tonne or 0.31per cent. Yesterday, LME aluminum opened at USD 2,690 per tonne...
Futures Market: In the overnight session, the most-traded alumina 2505 futures contract opened at RMB 3,110 per tonne, reached a high of RMB 3,125 per tonne, a low of RMB 3,103 per tonne, and closed at RMB 3,119 per tonne, up 0.29 per cent. Open interest stood at 217,000 lots, an increase of 398...
Today, the most-traded alumina 2505 contract opened at RMB 3,130 per tonne, with a high of RMB 3,152 per tonne, a low of RMB 3,100 per tonne, and closed at RMB 3,114 per tonne, down 0.48 per cent. The trading volume was 75,000 lots, and the open interest was 217,000 lots. SMM Comments: Recently,...
Futures Market: Overnight, the most-traded SHFE aluminium 2505 contract opened at RMB 20,945 per tonne, hitting a high of RMB 21,035 per tonne and a low of RMB 20,875 per tonne, before closing at RMB 21,020 per tonne, up RMB 35 per tonne or 0.17 per cent. On Thursday, LME aluminium opened at USD...
Futures Market: Overnight, the most-traded SHFE aluminium 2505 contract opened at RMB 21,060 per tonne, hitting a high of RMB 21,100 per tonne and a low of RMB 20,945 per tonne, and closed at RMB 20,970 per tonne, up RMB 5 per tonne or 0.02 per cent. On Wednesday, LME aluminium opened at USD 2,704...
Futures Market: Overnight, the most-traded SHFE aluminium 2504 contract opened at RMB 20,880 per tonne, hitting a high of RMB 20,910 per tonne and a low of RMB 20,810 per tonne, before closing at RMB 20,830 per tonne, up RMB 75 per tonne or 0.36 per cent. On Tuesday, LME aluminium opened at USD...
Futures: Last Friday, the SHFE aluminium 2504 contract opened at RMB 20,855 per tonne, with a high of RMB 20,920 per tonne and a low of RMB 20,790 per tonne, closing at RMB 20,880 per tonne, down RMB 5 per tonne or 0.02 per cent from the previous settlement. On the same day, LME aluminium opened at...
Futures Market: During the night session, the most-traded alumina 2505 futures contract opened at RMB 3,347 per tonne, reached a high of RMB 3,385 per tonne, a low of RMB 3,320 per tonne, and closed at RMB 3,366 per tonne, up RMB 19 per tonne or 0.58 per cent, with an open interest of 170,000 lots....
Last week’s market has been all about dynamic pricing across the aluminium sector — both for AL as a product and, in turn, for the affected allied industries. The market spots records of resuming downstream production after a prolonged Chinese holiday break. Hence, owing to the growing bullish...
Today, the most-traded SHFE aluminium 2504 contract opened at RMB 20,550 per tonne, with a high of RMB 20,680 per tonne and a low of RMB 20,540 per tonne, closing at RMB 20,615 per tonne, up 0.34 per cent. The trading volume was 145,000 lots, and the open interest was 204,000 lots. On the macro...
Futures Market: Overnight, the most-traded SHFE aluminium 2504 contract opened at RMB 20,670 per tonne, hit a high of RMB 20,730 per tonne, a low of RMB 20,590 per tonne, and closed at RMB 20,600 per tonne, down RMB 135 per tonne or 0.65 per cent. Yesterday, LME aluminium opened at USD 2,677 per...
Futures market: During the night session, the most-traded alumina 2505 futures contract opened at RMB 3,400 per tonne, with a high of RMB 3,420 per tonne and a low of RMB 3,391 per tonne, eventually closing at RMB 3,402 per tonne, up RMB 18 per tonne or 0.52 per cent, with an open interest of...
Futures: Yesterday, the SHFE aluminium 2504 contract opened at RMB 20,865 per tonne, peaked at RMB 20,895 per tonne, hit a low of RMB 20,820 per tonne, and closed at RMB 20,860 per tonne, up RMB 70 per tonne or 0.34 per cent from the previous day. LME aluminium opened at USD 2,687 per tonne,...
Futures market: Yesterday, the SHFE aluminium 2504 contract opened at RMB 20,735 per tonne, reached a high of RMB 20,750 per tonne, a low of RMB 20,630 per tonne, and closed at RMB 20,735 per tonne, up RMB 100 per tonne or 0.48 per cent from the previous day. LME aluminium opened at USD 2,645 per...
Futures market: Yesterday, the most-traded SHFE aluminium 2504 contract opened at RMB 20,645 per tonne, reached a high of RMB 20,690 per tonne, a low of RMB 20,585 per tonne, and closed at RMB 20,660 per tonne, down RMB 50 per tonne from the previous day, with a 0.24 per cent increase. Yesterday,...
The recent counter-seasonal destocking of domestic aluminium ingots seems to be consistently reflected in the SHFE aluminium futures market. According to SMM statistics, as of January 16, 2025, the social inventory of domestic aluminium ingots stood at 440,000 tonnes, with 314,000 tonnes of...
