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 moves lower, China expected to tighten liquidity
<p>LME aluminium is continuing its downward trend. After staging a temporary reversal on November 24, when it touched US$1,774/mt, the contract took a sharp south-bound turn and has been declining since then. It closed at US$1,722/mt after Tuesday's night trading, down 2.51% from the previous...
MCX Aluminium edges 0.29% higher amid rising demand
<p>Aluminium futures traded on India's Multi Commodity Exchange edged higher at INR 119 per kilogram today, up 0.29 per cent from the previous close. The uptick in demand at the spot market was caused by speculators creating fresh positions. <br /><br />Aluminium for delivery in November inched...
A strong dollar to weigh on LME Aluminium, money supply tightens in China
<p>LME aluminium after diving overnight on Monday moved above the 10 and 20-day moving averages to close at US$1,766.50/mt. The price fall was in tandem with other base metal futures traded on the exchange. The US long-term government treasury rate increased over market expectations of a possible...
India aluminium futures slide 0.91% on muted demand
<p>Aluminium prices drifted lower by 0.91 per cent to INR119.85 per kg in futures trading today as traders reduced positions, driven by easing demand in the spot market.</p> <p>At Mumbai's Multi Commodity Exchange, aluminium for delivery in November declined by INR1.10, or 0.91 per cent to...
LME aluminium to remain range-bound while SHFE aluminium set for volatility this week
<p>LME aluminium is all set to enter another volatile phase this week. The contract, after having recovered from the initial aftershocks of the US Presidential election last week, was traded at US$1,777/mt on Friday, November 11. The market was primarily dominated by capital. Shanghai Metals...
LME aluminium consolidates after a marginal dip; SHFE raises trading margin
<p>As market recovered from the knee-jerk reaction of the US presidential elections, LME aluminium prices showed some relaxation and came down marginally to trade at US$1,736/mt on Thursday, November 10. But, analysts believe the dip in the lightmetal prices is not going to continue, and they will...
Logistic bottleneck and high demand drive surge in aluminium price in China
<p>A huge stock of aluminium ingots are piling up at the Chinese market waiting for delivery and an artificial shortage in available supply is surging up aluminium price in the spot market. Aluminium futures at Shanghai Future Exchange rose to a two-year high on Wednesday October 26. Aluminium...
CME Group announces first trades of Alumina FOB Australia (Platts) Futures
<p>CME Group, the world's leading and most diverse derivatives marketplace, today announced that the first Alumina FOB Australia (Platts) Futures contracts were traded on Tuesday, Oct. 25, 2016. A total of 60 futures contracts, equivalent to 6,000 metric tons, were traded across the January through...
MCX Aluminium futures soften 0.96% on profit-booking
<p>Aluminium prices declined by 0.96 per cent to INR108.40 per kg in futures trade today as traders booked profits at prevailing levels, driven by easing demand in the spot market amid weak trend overseas. <br /><br />At the Multi Commodity Exchange, aluminium for delivery in far-month November...
LME aluminium nose-dives to a 2-week low; MCX aluminium rises 0.13% on spot demand
<p>Aluminium prices slipped to two-week lows on Monday weighed on by worries about Chinese producers restarting operations and adding to the metal glut being created by remelting of semi-finished products.<br /><br />Benchmark aluminium on the London Metal Exchange was down 1.4 per cent at $1,652 a...
SHFE aluminium set for further gains after hitting new high on Oct 13
<p>SHFE 1611 aluminium will likely rise to RMB 12,750-12,950/mt today, driven by south-bound aluminium stocks and downstream stocking before the weekend, stated an early morning forecast by Shanghai Metals Market. Aluminium traded on London Metal Exchange will meet resistance and move at USD...
Aluminium futures gain 0.40% in India as demand picks up
<p>Aluminium prices edged higher by 0.40 per cent to INR112.30 per kg in futures in the evening trading today as speculators enlarged positions, driven by rising demand from consuming industries in the spot market. <br /><br />The exchange remained closed for the morning session on account of a...
MCX aluminium edges higher on uptick in demand
<p>In India spot market, aluminium prices edged up by 0.36 per cent to INR112.45 per kg in futures trading today as speculators built up fresh positions after pick-up in demand from end user industries.<br /><br />At Mumbai's Multi Commodity Exchange, aluminium for delivery in November was trading...
MCX aluminium up by 0.69% on global cues and spot demand
<p>Firm trend in international market boosted demand in India spot market, buoyed by which aluminium prices surged 0.69 per cent to INR 109.45 per kg in futures trade today as traders in the aluminium industry created fresh positions. <br /><br />In futures trading at Mumbai's Multi Commodity...
Aluminium futures trade marginally up on spot demand
<p>Aluminium prices were up by 0.20 per cent to INR105.50 per kg in futures trade today as traders built up fresh positions after uptick in demand from consuming industries in the spot market.</p> <p></p> <p>At the Multi Commodity Exchange, aluminium for delivery in September was trading higher by...
Robust production and exports from China to keep aluminium prices in check
<p>Aluminium among all base metals is considered to be the least volatile commodity. Yet in the past one year it has experienced price swings so frequently and so widely that the analysts are sceptical that the volatility might extend further. The metal which nose-dived to $1449 (on London Metal...
Aluminium prices drops 0.37% to INR 107.30 per kg in MCX
<p>Indian Aluminium prices dropped 0.37 per cent to INR 107.30 per kg in futures trade today at Multi Commodity Exchange. Due to subdued demand in the spot market, traders reduced exposure.<br />At the Multi Commodity Exchange, aluminium for delivery in September month traded at INR 107.30 per kg...
MCX Aluminium gains by 0.09% on uptick in demand
<p>Aluminium futures traded on India’s Multi Commodity Exchange, Mumbai, inched marginally higher today by 0.09 per cent to INR109.65 per kg as traders expanded position, helping the metal track a steady trend at spot market driven by boosted demand from end user industries. <br /><br />At...
