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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Aluminium futures slide on weak demand; global cues
Aluminium futures eased by 0.20 per cent to INR 99.95 per kg on the first session of the 2016 today as speculators reduced positions amid weak demand at spot market and weakness in base metals overseas. At the Multi Commodity Exchange, aluminium for delivery in January traded lower by 20 paise, or...
Aluminium futures weaken on global cues
Aluminium prices fell 0.55 per cent to INR 100 per kg in futures trade today after traders reduced their exposure amid weak global cues. Besides, sluggish demand in the domestic spot market weighed. At Multi Commodity Exchange, aluminium for delivery this month eased 55 paise, or 0.55 per cent, to...
Global aluminium price hinges on China production, observe analysts
With an interest-rate increase from the U.S. Federal Reserve out of the way, battered metals investors are returning their focus to China, where plans to trim a supply glut (read aluminium oversupply) have sparked hopes for a rebound in prices in 2016. Price of aluminium is trading up 6%, from...
Aluminium futures weaken on overseas cues, shed 0.10 per cent
Aluminium prices were down 0.10 per cent to INR 100.70 per kg in futures trade today as investors cut down their bets amid weak Asian cues and sluggish demand in the domestic spot market. In futures trading at the Multi Commodity Exchange, aluminium for delivery in the current month eased by 10...
Shanghai aluminium falls 2%; market awaits output cuts
Shanghai aluminium slid more than two percent on Monday, with the market suffering possibly its biggest one-day decline in more than six weeks as a lack of further production cuts in China pressured prices. The most active aluminium contract on Shanghai Futures Exchange fell 2.3 percent to 10,650...
Aluminium up by 0.6% on international cues
Taking positive cues from global market and strong demand at domestic spot markets, edged higher by 0.60% to Rs 100.30 per kg in futures trade today as participants increased their bets. Marketmen said apart from increased domestic demand, a firming global trend as the US economy expanded faster...
MCX aluminium up by 0.6% on global cues
Taking positive cues from global market and strong demand at domestic spot markets, aluminium prices edged higher by 0.60% to INR 100.30 per kg in futures trade today as participants increased their bets. Marketmen said apart from increased domestic demand, a firming global trend as the US economy...
Aluminium futures weaken on global cues
Aluminium prices were down 0.50 per cent to INR 99.95 per kg in futures trade today as participants trimmed exposure amid weak global cues and sluggish demand in the domestic spot markets. At the Multi Commodity Exchange, aluminium for delivery in current month eased by 50 paise, or 0.50 per cent,...
Chinese aluminium scrap prices advance in line with SHFE aluminium
Chinese aluminium scrap prices advanced on Scrap Register Price Index as on Monday, while aluminium futures prices at Shanghai Futures Exchange settled higher as support seen after the update that China's aluminium smelters pledged last week to shut more production this month and not to add any new...
Aluminium falls by 0.6% on global cues
Aluminium prices fell by 0.59% to INR 100.50 per kg in futures trading today, tracking a weak trend in global markets. Furthermore, muted demand in the domestic spot markets weighed on the metal prices. At the Multi Commodity Exchange, Mumbai, aluminium for delivery in January month eased by 60...
SHFE aluminum to continue outperforming LME aluminum on massive output cut plan
SHFE aluminum will continue faring better than LME aluminum next week on huge scale output cut plans in China, SMM expects. The announcement by 14 major Chinese aluminum smelters that aluminum capacity cuts in China will expand to 4.91 million-tpy in 2015 cheered market up. This will push SHFE...
China aluminium scrap prices rise; SHFE aluminium settles higher at 10,360 yuan per ton
Chinese aluminium scrap prices advanced on Scrap Register Price Index as on December 9, Wednesday, as expectation of output cuts in China prompted some investors to reverse bearish bets while lead hit a month peak as inventories hovered at multi-year lows. According to the Scrap Register Price...
Aluminium inches up 0.40% on spot demand
Aluminium prices edged up 0.40 per cent to INR 100.75 per kg in futures trade today as participants enlarged positions,supported by strong demand in the spot markets. However, a weak trend in the base metals pack at the London Metal Exchange (LME) capped the gains. Aluminium for delivery in January...
SHFE aluminium to outperform LME aluminium this week
SHFE aluminium will outperform LME aluminium this week on positive news from China, SMM expects. Capacity cuts in Chinese aluminium market are intensifying, which will cheer market up. This will push SHFE aluminum up to 10,300-10,500 yuan per tonne, SMM predicts. A firmer US dollar amid high...
Platts prices chosen to settle the new CME Group aluminum Japan futures contract
CME Group, a leading derivatives marketplace, is utilizing Platts physical market price assessments to settle and clear a new aluminum Japan futures contract launched today. Platts is a leading global provider of energy, metals and agriculture information and a premier source of benchmark price...
Aluminium up by 0.4% as spot demand hardens
Aluminium prices edged up by 0.36% to INR 97.35 per kg in futures trade today as participants enlarged positions amid a firming trend overseas. Besides, strong demand in spot markets influenced metal prices. At the Multi Commodity Exchange, aluminium for delivery in December inched up 35 paise, or...
MCX aluminium futures rise 1.97% on global cues
Aluminium prices on Mumbai's Multi Commodity Exchange (MCX) gained 1.97 per cent to INR 98.30 per kg in futures trade as speculators enlarged positions amid positive cues from global markets. Besides, increased demand at domestic spot markets influenced prices. At MCX, aluminium for delivery in...
MCX aluminium falls by 0.2% on global cues
Aluminium prices eased by 0.16% to INR 96.50 per kg in futures trade today as participants reduced their positions amid weak global cues. Besides, subdued demand in the domestic spot markets weighed on aluminium prices. At the Multi Commodity Exchange, aluminium for delivery in November month...
