SHFE aluminium falls, East China premium pulls back
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...
Concerns over liquidity tightening ease marginally, aluminium prices are under pressure at high levels in the short term
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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LME aluminium gains but a drop is in the forecast; SHFE issues amendment to futures contracts
<p>LME aluminium has cleared a support at US$1,916. The contract inched higher during Monday's night trading hours closing at US$1,908 per tonne, up 0.36 per cent from the previous close of US$1,901 per tonne. Reuters observes LME aluminium is now up for a fall to US$1,891 per tonne- the next...
Aluminium scrap prices in India plateau while aluminium futures climb higher at MCX
<p>The prices of major aluminium scrap commodities in India remained largely unchanged on Wednesday, March 15, while aluminium futures edged higher at Multi Commodity Exchange (MCX). The rise in MCX aluminium was in tandem with the uptrend in aluminium prices at the London Metal Exchange (LME) on...
India Aluminium Scrap remains steady; Aluminium Futures down
<p>India's major aluminium scrap commodities prices remained steady on Thursday, while aluminium futures prices at Multi Commodity Exchange declined tracking weakness from LME Aluminium.</p> <p><img style="vertical-align: middle; display: block; margin-left: auto; margin-right: auto;"...
India aluminium scrap prices climb; aluminium futures settle slightly down
<p>India's major aluminium scrap commodities prices climbed on Monday, while aluminium futures prices at Multi Commodity Exchange settled slightly down.</p> <p>The major aluminium scrap commodities on the Scrap Register Price Index showed an uptrend on Monday. India's major aluminium scrap...
India aluminium scrap prices climb in line with aluminium futures
<p>India's major aluminium scrap commodities prices climbed on Wednesday in line with aluminium futures prices at Multi Commodity Exchange as support seen after a draft policy document suggested China will constrict production next winter to help improve air quality.</p> <p><img...
Chinese pollution fears weigh India aluminium scrap and futures prices
<p>India's major aluminium scrap commodities prices stayed stable on Tuesday, while aluminium futures prices at Multi Commodity Exchange settled slightly higher mainly due the renewed concerns about potential closures of Chinese smelters to cut pollution. <br /><br />The major aluminium scrap...
MCX Aluminium futures edge up 0.12% as demand picks up
<p>Aluminium prices were up by 0.12 per cent to INR 122.35 per kg in futures trading today on India's prime commodity exchange as speculators built up fresh positions amid uptick in demand in the spot market. <br /><br />At Mumbai's Multi Commodity Exchange, aluminium for delivery in current month...
Aluminium futures on MCX slide 0.28% on muted demand
<p>Aluminium prices softened by 0.28 per cent to INR 123.75 per kg in futures trade today as speculators reduced exposure in view of ending monthly expiry amid easing demand in the spot market.</p> <p>At the Multi Commodity Exchange, aluminium for delivery in January declined by 35 paise, or 0.28...
India aluminium scrap prices decline; Aluminium futures up in line with LME aluminium
<p>Major aluminium scrap commodities prices in India declined on Friday, while aluminium futures prices at Multi Commodity Exchange advanced one percent in line with LME aluminium prices as traders covered their short positions on weekend. <br /><br />The major aluminium scrap commodities on the...
LME aluminium moves higher, but will likely fluctuate with the dollar gaining strength this week
<p>LME Aluminium is likely to be affected by the oil futures that ended slightly higher on Friday, logging a consecutive fourth weekly gain on speculations that major producers would cut output as pledged. The contract ended at US$1,722 per tonne on Friday, marginally higher by 0.73 per cent than...
Aluminium futures edge higher by 0.9% on buoyant spot demand
<p>Aluminium prices on India's Multi Commodity Exchange inched higher by 0.09 per cent to INR115.35 per kg in the futures market today as speculators were seen building up fresh positions amid an uptick in spot market demand. <br /><br /><img style="vertical-align: middle; display: block;...
LME and SHFE aluminium to fluctuate weakly over the short term, says SMM
<p>LME aluminium opened weakly on the first trading day of 2017 to close at US$1,702 per tonne after Tuesday's night trading. The price drop though marginal by 0.67 per cent from the previous closing of US$1,713.5 is expected to persist over the short term. Market will see a slight economic...
MCX aluminium: traders can stay out of the market
<p>The aluminium futures contract traded on the Multi Commodity Exchange (MCX) continues to remain range-bound and mixed for the fourth consecutive week. The sideways consolidation in the range between INR115 and INR119 per kg remains intact. The contract is currently hovering around the lower end...
Aluminium futures shed 0.17% on muted demand
<p>Aluminium prices weakened by 0.17 per cent to INR 116.10 per kg in futures market today as traders trimmed their positions, taking negative cues from spot market on subdued demand.<br /> <br />At the Multi Commodity Exchange, aluminium for delivery in January month declined by 20 paise, or...
Aluminium futures remain weak on sluggish demand
<p>Continuing for the third straight day, aluminium prices eased further by 0.21 per cent to INR 117.30 per kg in futures trade today as participants engaged in trimming their positions, tracking a weak trend at spot market on subdued demand from consuming industries. <br /><br />At the Multi...
MCX aluminium extends losses, down 0.17% on subdued demand
<p>Aluminium prices in India kept falling for the second consecutive day with the contract closing at INR 117.35 per kg in futures on Wednesday, down 0.17 per cent from the previous day. The traders in the domestic market engaged themselves in reducing their positions as demand shrank in the spot...
MCX aluminium moves sideways with negative bias on fall in prices
<p>Following a sharp fall in the first week of December, the aluminium futures contract on the Multi Commodity Exchange (MCX) found support at around INR115 per kg and started the move sideways. Last couple of weeks, the contract has been moving sideways in a narrow range.<br /><br />On Friday, the...
MCX Aluminium hovers above major support
<p>The aluminium futures contract on the Multi Commodity Exchange (MCX) fell over 3 per cent to close at INR116.85 per kg in the past week.<br /><br />However, the contract has begun this week on a slightly positive note and is currently trading at INR117.5.<br /><br />A key support is at INR116.2....
