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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MCX aluminium falls by 0.3% on global cues
Aluminium prices were down 0.26% to INR 96.70 per kg in futures trade today as investors cut down their bets amid weak global cues and sluggish demand in the domestic spot markets. In futures trading at the Multi Commodity Exchange, aluminium for delivery in current month eased by 25 paise, or...
CME Group expands base metals offering with new Aluminium Japan Premium futures
CME Group, the world's leading and most diverse derivatives marketplace, today announced it will expand its base metals offering with the introduction of a new Aluminum Japan Premium (Platts) futures contract to begin trading on 7 December 2015. Pending relevant regulatory review periods, the new...
China’s aluminium exports flood market, keep prices low
China’s surging exports of aluminium are becoming as contentious as its fast-rising shipments of steel as prices of the metal used in cars to beverage cans continue to hover just above their six-year low. Despite a dip last month, China’s aluminium exports are up 14.4 per cent so far this year,...
Aluminium market rises on short covering, open interest drops 14.65%
Aluminium settled up 1.66% at 100.95 after London Metal Exchange (LME) data showed 99,500 tonnes of the metal was booked to leave warehouses in Vlissingen. LME prices jumped 1 percent to finish at a two-week high of $1,523 a tonne despite fundamentals remain poor due to oversupply. While a strong...
Century announces third aluminium smelter curtailment in 2 months
Century aluminium Co, controlled by Glencore Plc, said it will curtail one of three potlines at its Sebree, Kentucky, aluminium smelter by December 31, the company's third capacity reduction in two months as weak prices bite. The curtailment will reduce the 210,000 tonne-per-year plant's capacity...
Aluminium futures weaken on global cues
Aluminium prices were down 0.78 per cent to INR 95.30 per kg in futures trade today as investors reduced exposures amid weak global cues and sluggish demand in the domestic spot markets. At the Multi Commodity Exchange, aluminium for delivery in November eased by 75 paise, or 0.78 per cent, to INR...
MCX aluminium rise on global cues, spot demand
Taking positive cues from global market and strong demand at India spot markets, aluminium prices edged up 0.43 per cent to INR 94.25 per kg in futures trade today as participants increased their bets. Marketmen said apart from increased domestic demand, a firming global trend after an interest...
Aluminium down 0.26%, hurt by muted demand
Aluminium prices eased 0.26 per cent and were trading at INR 95.15 per kg in futures trade today as speculators reduced exposure, driven by sluggish demand from consuming industries at the spot market amid weak trend overseas. At the Multi Commodity Exchange, aluminium for delivery in October shed...
Aluminium futures rise, fuelled by global cues
Aluminium prices were up 0.90 per cent to INR 95.35 per kg in futures trade today as participants strengthened their exposure, supported by an upward trend overseas. In addition, rising demand in the spot market influenced metal prices. At the Multi Commodity Exchange, aluminium for delivery in the...
LME aluminium may hover around $1,532
LME aluminium may hover around a support at $1,532 per tonne, or rebound to a resistance at $1,548, as indicated by its wave pattern and a Fibonacci projection analysis. The support and the resistance are identified respectively as the 100 percent and the 86.4 percent Fibonacci projection levels of...
Aluminium futures fall on global cues
Aluminium prices fell 0.35 per cent to INR 99.60 per kg in futures trading today, tracking weak cues from global markets. Subdued demand in the domestic spot markets also weighed on the metal prices. At the Multi Commodity Exchange, aluminium for delivery in November shed 35 paise, or 0.35 per...
India aluminium scrap prices stay flat; MCX aluminium settles down
India major aluminium scrap commodities prices stayed flat on Thursday, October 16, while aluminium futures prices at India's Multi Commodity Exchange (MCX) settled down weighed by large stocks and a surge in Chinese exports this year. The major aluminium scrap commodities dropped on Scrap Register...
Aluminium gains by 0.1% on spot demand
Aluminium prices were up by 0.15% to INR 101.60 per kg in futures trade on October 15 as speculators enlarged positions even as metal weakened overseas. At the Multi Commodity Exchange, aluminium for delivery in October rose 15 paise, or 0.15%, to INR 101.60 per kg, in a business turnover of 406...
Aluminium futures soften 0.43% on muted demand, global cues
Aluminium prices were down 0.43 per cent to INR 103.15 per kg in futures trade today as speculators indulged in reducing exposure, triggered by sluggish demand from consuming industries at the spot market. A weak trend overseas also weighed on aluminium futures. At the Multi Commodity Exchange,...
Aluminium futures rise, fuelled by global cues
Aluminium prices went up 0.73 per cent to INR 103.50 per kg in futures trade today as participants strengthened their positions, supported by an upward trend overseas. In addition, strong demand in the spot market also influenced metal prices. At the Multi Commodity Exchange, aluminium for delivery...
China's nonferrous metal output up 9.4% In Jan-Aug
The output of the ten nonferrous metals gained 9.4% from a year earlier to 33.87 million tons in the first eight months of this year, according to the latest report released by the National Development and Reform Commission (NDRC). According to the statistics, the country's aluminium electrolytic...
Chinese National Day holiday hits India aluminium scrap, MCX aluminium prices
India major aluminium scrap commodities prices declined on Tuesday, September 6, in line with aluminium futures prices at India's Multi Commodity Exchange (MCX) as Chinese markets remained closed for its National Day holiday. The major aluminium scrap commodities dropped on Scrap Register Price...
Aluminium futures rise on positive global cues
Aluminium prices were up 0.73 per cent to INR 103.20 per kg in futures trade today as participants strengthened their positions, supported by an upward trend in base metals pack overseas. Besides, firm demand at the spot market also influenced metal prices. At the Multi Commodity Exchange,...
