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 industry bags more coal mines indicating rising demand for the metal in India
In the recent Indian coal auctions, aluminium bagged more coal mines than steel as a result of aggressive bidding from aluminium producers pointing to a rising domestic demand for the metal. While aluminium is an energy intensive metal to produce, steel needs to coal as a reduction agent to form...
Aluminium rises by 0.2% on global cues
Aluminium futures rose by 0.23% to INR 111.05 per kg today as speculators enlarged exposures on pick up in spot demand and a firming trend in base metals overseas. At the Multi Commodity Exchange, aluminium prices for delivery in March traded higher by 25 paise, or 0.23%, at INR 111.05 per kg in a...
Aluminium up by 0.2% on high demand
Aluminium futures edged higher by 0.23% to INR 111 per kg today after speculators enlarged positions amid pick-up in demand at spot markets. Furthermore, a firming trend in metal at the London Metal Exchange (LME) on fall in its inventories supported the upside. At the Multi Commodity Exchange,...
Aluminium futures weaken on global cues
Aluminium prices fell by 0.22 per cent to INR 113.85 per kg in futures trading today as speculators reduced positions amid weak global cues. Further, subdued demand in the domestic spot markets weighed on the prices of the metal. At the Multi Commodity Exchange, aluminium for delivery in current...
Aluminium futures weaken on global cues
Amid a weak trend in base metals at the London Metal Exchange, aluminium prices fell by 0.56 per cent to INR115.20 per kg in futures trading today as speculators trimmed positions. Further, subdued demand in the domestic spot markets also weighed on the metal prices. At the Multi Commodity...
Aluminium sheds by 0.4% on global cues
Aluminium prices traded marginally down by 0.39% to INR114.90 per kg in futures trading today as speculators reduced exposure amid a weak trend overseas and sluggish demand from consuming industries in the spot market. At the Multi Commodity Exchange, aluminium for delivery in February shed 45...
Aluminium down by 1.3% on overseas trend
Aluminium futures prices fell 1.35% to INR 109.35 per kg today as speculators reduced positions amid a weak trend in base metals at the London Metal Exchange. At the Multi Commodity Exchange, aluminium for delivery in January lost INR 1.50 paise, or 1.35%, to INR 109.35 per kg, with a business...
Aluminium futures weaken on global cues
Aluminium futures traded a shade lower at INR 113.40 per kg in futures trade today as participants reduced their exposures amidst weak global cues. Besides, sluggish demand in the domestic spot markets also weighed on the metal's price. At the Multi Commodity Exchange, aluminium for delivery in...
Shanghai aluminium tumbles
The most traded March aluminium contract on the Shanghai Futures Exchange hit a contract low for the fourth session running, due to a glut of capacity in the world's top producer of the metal. The ShFE contract launched in 2005. China aluminium producers have been stepping up exports of semi...
Aluminium up 0.4% on spot demand, global cues
Aluminium futures were marginally up by 0.38% at INR 118 per kg today amid a rising demand at spot markets and a firming trend overseas. At the Multi Commodity Exchange, aluminium for delivery in February moved up by 45 paise, or 0.38%, to INR 118 per kg, with a business turnover of five lots....
Aluminium up 0.3% on global cues, spot demand
Taking positive cues from overseas markets and rising spot demand, aluminium futures prices rose by 0.30% to INR 117.35 per kg today as traders created fresh positions. At the Multi Commodity Exchange, aluminium for delivery in current month moved up by 35 paise, or 0.30%, to INR 117.35 per kg,...
SMM Aluminum Market daily review (2014-12-25)
On Wednesday night, SHFE 1503 aluminum contract rose to RMB 13,120/mt after starting at RMB 13,100/mt, and finished the night session at RMB 13,110/mt. Trading volumes totaled 10,400 lots, with positions up 1,210 lots to 134,824 lots. On Thursday, the most active contract was range-bound without...
Aluminum rises from six-month low before U.S. durable goods, GDP
Aluminum snapped three days of losses before U.S. data projected to show goods orders expanded and the world’s largest economy grew more than initially estimated in the third quarter. The metal gained as much as 0.5 percent after closing yesterday at the lowest since June. Orders for goods meant to...
Aluminium rises on global cues, spot demand
Buoyed by firming trend overseas and rising spot demand, aluminium futures prices rose by 0.25 per cent to INR 118.45 per kg today as traders created fresh positions. At the Multi Commodity Exchange, aluminium for delivery in current month moved up by 30 paise, or 0.25 per cent, to INR 118.45 per...
Aluminium market under long liquidation, open interest drops 7.15%
Aluminium settled down -1.2% at 119.25 after US economic data were mixed overnight. Initial jobless claims and the Conference Board Leading Economic Index were positive. But Markit’s service PMI and Philadelphia Fed’s manufacturing index missed forecasts. A firm dollar and falling crude oil prices...
Aluminium weakens by 0.1% on low spot demand
Aluminium prices traded marginally down by 0.08% to INR 121.25 per kg in futures trading today as speculators reduced exposure amid sluggish demand from consuming industries in the spot market. At the Multi Commodity Exchange, aluminium for delivery in December shed 10 paise, or 0.08% to INR 121.25...
Press Metal shares dipped due to weak aluminium prices
Press Metal shares fell on Tuesday to a low of RM2.91 as weaker demand pulled down aluminium prices. The share fell to RM2.95, down by 11 sen at 11.43 am while the turnover prices for 656,300 shares ranged between RM2.91 to RM3.04. FBM KLCI fell by 0.33% or 5.73 points to 1,735.11 while turnover...
Aluminium up by 0.6% on firming overseas trend
Aluminium prices edged higher by 0.58% to INR 122.35 per kg in futures trade today as speculators enlarged positions amid a firming trend overseas. Further, increased demand at domestic spot markets also influenced the prices. At the Multi Commodity Exchange, aluminium for delivery in December...
