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
Aluminium prices eased by 0.32 per cent to INR 108.90 per kg in futures trade today as speculators reduced positions amid weak demand at the spot market. At the Multi Commodity Exchange, aluminium for delivery in July traded lower by 35 paise, or 0.32 per cent, to INR 108.90 per kg in a business...
SHFE aluminum to rebound next week after hitting over three-year low
August aluminum on the SHFE is expected to rebound to 12,600-12,750 yuan per tonne next week, Shanghai Metals Market foresees. The contract is in oversold territory, presaging a rally on the horizon, SMM’s research team said. LME aluminum might face correction following steep fall this past week,...
Aluminium futures marginally up on global cues, spot demand
Aluminium futures traded a shade higher at INR 106.90 per kg today as participants strengthened their positions, supported by an upward trend overseas. Further, a rising demand at the domestic spot market also influenced metal prices. At the Multi Commodity Exchange, aluminium for delivery in June...
MCX Aluminium futures inch up on overseas cues
Aluminium prices edged up 20 paise to INR 108.55 per kg in futures trade today as participants enlarged positions amid a firming trend overseas. Strong demand in the spot market also influenced metal prices. Aluminium for delivery in June inched up 20 paise, or 0.18 per cent, to INR 108.55 per kg...
China Aluminium Scrap prices remain stable; SHFE Aluminium settles down
Chinese aluminium scrap prices stayed stable on Scrap Register Price Index as on Wednesday, while aluminium futures prices at Shanghai Futures Exchange traded down. According to the Scrap Register Price Index, the major Chinese aluminium scrap commodities like 6063 10-10 extrusion, aluminium,...
Aluminium prices rise by 0.36% in futures trade on overseas uptrend
Aluminium prices today rose 0.36 per cent to INR110.55 per kg in futures trade as speculators enlarged positions amid a rising trend overseas. Furthermore, increased demand at domestic spot markets influenced prices. At the Multi Commodity Exchange, aluminium for delivery in May rose 40 paise, or...
Aluminium prices surge 0.45% in futures trade aided by strong spot demand
Aluminium prices edged up by 0.45 per cent to INR 111.50 per kg in futures trade today as participants enlarged positions amid a firming trend at spot markets on strong demand. At the Multi Commodity Exchange, aluminium for delivery in May inched up by 50 paise, or 0.45 per cent, to INR 111.50 per...
Press Metal falls 3.39% on the back of low aluminium prices
Press Metal Bhd ( Financial Dashboard) shares dropped 10 sen or 3.39% to RM2.85 this morning on the heels of a drop in prices of the aluminium futures contract as it is being weighed down by growing supplies. At 12.30pm, a total of 3.18 million shares were traded. Press Metal (fundamental: 0.95;...
US Aluminium Scrap prices show flat trend; LME Aluminium settles down to $1,846 a ton
United States major aluminium scrap commodities prices showed a flat trend on Thursday, while the futures prices at London Metal Exchange settled down 0.7% at $1,846 a ton. As per Scrap Register Price Index, major aluminium scrap commodities like 356 auto wheels, 5052 alum clip, 6061 alum...
Aluminium demonstrates strong performance this year
Aluminium had been mostly ignored through much of the commodities boom in the first decade of the 2000s, thanks mainly to high supply coming from China, aluminum had been performing strongly this year, along with other metals like copper, zinc and lead. But since hitting a 12-month high on May 5 at...
Aluminium futures fall on global cues
Aluminium prices fell 0.41 per cent to INR 120.40 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 June shed 50 paise, or 0.41 per...
China stimulus, jobs worry may boost some commodity exports: Russell
China's efforts to re-energise its economy through interest rate cuts are probably not enough to give much of a boost to commodity import demand, but oddly enough may act to boost some commodity exports. The People's Bank of China cut interest rates for the third time in six months on May 10 in the...
Indian aluminium scrap prices remain flat; MCX Aluminium settles down
Indian aluminium scrap prices on Scrap Register Price Index remained flat on Wednesday, while aluminium futures prices at India's Multi Commodity Exchange traded down. As per Scrap Register Price Index, major copper scrap commodities like aluminium accessories scrap, aluminium ingots, aluminium rod...
LME aluminium to fall to $1,892
LME aluminium may fall to a support at $1,892 per tonne, as it has peaked around a resistance at $1,930. The resistance and the support are identified respectively as the 161.8 percent and the 123.6 percent Fibonacci projection levels of an upward wave C, the third wave of a three-wave cycle that...
Aluminium gains by 0.4% on global cues
Aluminium prices gained 0.41% to INR 111.55 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 the Multi Commodity Exchange, aluminium for delivery in April rose by 45 paise, or...
Aluminium up by 0.5% on pick-up in demand
Aluminium futures edged higher by 0.50% to INR 111.40 per kg today as speculators enlarged positions amid pick-up in demand at spot markets. Besides, a firming trend in base metals pack at London Metal Exchange supported the upside. At Multi Commodity Exchange, aluminium for delivery in March rose...
Aluminium marginally up on global cues
Aluminium futures traded a shade higher at INR 111.70 per kg today as speculators enlarged exposures on pick-up in spot demand. However, the metal's weakness overseas capped the gains. At the Multi Commodity Exchange, aluminium for delivery in March traded higher by 15 paise, or 0.13%, at INR...
Aluminium falls by 0.4% on profit-booking
Aluminium prices fell by 0.45% to INR 111.50 per kg in futures trade today as participants reduced their exposures even as the metal strengthened at the London Metal Exchange (LME). At the Multi Commodity Exchange, aluminium for delivery in March eased by 50 paise, or 0.45%, to INR 111.50 per kg in...
