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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India major aluminium scrap and futures prices soar on improved market sentiment
India major aluminium scrap commodities prices soared on Monday, while aluminium futures prices at Multi Commodity Exchange advanced by 1.2 per cent mainly on improved market sentiment due to anticipation for a turnaround in aluminium consumption after the week-long holiday. The major aluminium...
Aluminium regains ground on MCX, Mumbai
Aluminium prices surged 4 per cent last week, with the spot price on the London Metal Exchange (LME) closing on a stronger note at $1,562 per tonne on Friday. This is just above an important resistance at $1,560. The metal is up about 10 per cent from its low of $1,423 made in November 2015....
Aluminium futures rise on global cues, spot demand
Taking positive cues from global market and strong demand at domestic spot markets, aluminium prices edged up 0.52 per cent to INR 105.80 per kg in futures trade today as participants enlarged positions. Marketmen said increased domestic demand and a firming global trend where base metals gained...
India aluminium scrap prices remain flat; MCX aluminium settles slightly up
India major aluminium scrap commodities prices remained flat on Friday last week, while aluminium futures prices at Multi Commodity Exchange (MCX) settled slightly higher boosted by the expectations of dovish comments from a senior U.S. Federal Reserve official but gains were limited by the...
Aluminium futures at MCX up 0.78% on rising demand, global cues
Aluminium remained firm and prices gained 0.78 per cent to INR 103.40 per kg in futures trading today as speculators enlarged their positions, tracking a firm trend at spot market on surging demand. At the Multi Commodity Exchange, aluminium for delivery in February month traded higher by 80 paise...
Aluminium rises by 0.4% on rising demand
Aluminium prices were up by 0.39% to INR 103.20 per kg in futures trade as traders enlarged positions, driven by pick up in demand at the spot market amid firm global trend. At the Multi Commodity Exchange, aluminium for delivery in March month moved up by 40 paise, or 0.39% to INR 103.20 per kg in...
MCX aluminium up by 0.1% on spot demand
Aluminium prices were up by 0.10 per cent to INR 101.30 per kg in futures trading as traders created fresh positions after pick up in demand at the spot market. At Multi Commodity Exchange, aluminium for delivery in February inched up by 10 paise, or 0.10%, to INR 101.30 per kg, in a business...
MCX aluminium up by 0.5% on global cues
Aluminium prices inched up by 0.54 per cent to INR 103.10 per kg in the futures trade today as participants built up fresh positions, tracking a firm trend overseas. Furthermore, strong demand in the spot markets supported the upside. At the Multi Commodity Exchange, aluminium for delivery in...
India's major aluminium scrap prices up; MCX aluminium settles higher
Major aluminium scrap commodities prices in India advanced on Thursday, February 4, while aluminium futures prices at Multi Commodity Exchange settled higher as a steep fall in the dollar eclipsed tepid demand in China, forcing shorts to cover ahead of the week long Lunar new year break. The major...
MCX aluminium up by 0.4% on strong demand
Aluminium prices edged up 0.44% to INR 103.35 per kg in the futures trading today as participants enlarged positions, supported by strong demand in the spot markets and base metals strengthened overseas. Aluminium for delivery in current month inched up 45 paise, or 0.44%, to INR 103.35 per kg in a...
MCX aluminium down by 0.5% on global cues
Aluminium prices fell 0.48% to INR 103.70 per kg in futures trading today with speculators indulged in cutting down their positions, taking weak cues from global markets. Moreover, subdued demand in the domestic spot markets also weighed on the metal prices. At the Multi Commodity Exchange,...
Aluminium falls by 0.4% on global cues
Aluminium prices fell 0.38% to INR 103.90 per kg in futures trading today, taking weak cues from global markets. Further, subdued demand in the domestic spot markets also weighed on the metal prices. At the Multi Commodity Exchange, aluminium for delivery in current month shed 40 paise, or 0.38%,...
MCX aluminium up by 1.2% on global cues
Buoyed by firming trend overseas and rising spot demand, aluminium futures rose by 1.24% to INR 101.75 per kg today as traders created fresh positions. At the Multi Commodity Exchange, aluminium for delivery this month moved up by INR 1.25 or 1.24% to INR 101.75 per kg in a business turnover of 554...
Aluminium down 0.1% on subdued demand
Aluminium prices eased by 0.10% to INR 100.90 per kg in futures trade today as participants trimmed positions, tracking a trend at spot market on sluggish demand. At the Multi Commodity Exchange, aluminium for delivery in far-month February eased by 10 paise, or 0.10% to INR 100.90 per kg in...
India aluminium scrap prices gain; MCX aluminium settles lower
India major aluminium scrap commodities prices gained on Wednesday, while aluminium futures prices at India's Multi Commodity Exchange settled lower as pressure seen after Citi cut its 2016 aluminium forecast to $1,435 a ton. It expects Chinese aluminium product exports will continue to weigh on...
Aluminium futures weaken, hurt by weak global cues
Aluminium prices were down 0.55 per cent to INR 100.30 per kg in futures trade today as participants trimmed exposures amid weak global cues and sluggish demand in the domestic spot markets. At the Multi Commodity Exchange, aluminium for delivery in the current month eased by 55 paise, or 0.55 per...
Aluminium up by 0.3% on global trend
Aluminium futures traded 0.30% higher at INR 100.75 per kg, largely in tandem with a firming trend in base metals at the London Metal Exchange (LME). Besides, increased demand at domestic spot markets influenced prices. At Multi Commodity Exchange, aluminium for delivery in January rose 30 paise,...
India aluminium scrap prices remain stable; aluminium futures settle below INR 100/kg
India major aluminium scrap commodities prices remained stable on Tuesday, while aluminium futures prices at India's Multi Commodity Exchange settled lower as sentiment remained shaky over top consumer China's economy following slowing factory growth figures for December. The major aluminium scrap...
