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 rise on global cues, spot demand
Aluminium prices edged up by 0.61 per cent to INR 122.95 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 January 2015 inched up...
Aluminium weakens by 0.7% on low demand
Aluminium prices fell 0.68% to INR 125 per kg in futures trading today as speculators reduced exposure amid weak demand in the spot market. Besides, a weak trend in base metals in global market influenced zinc prices. At the Multi Commodity Exchange, aluminium for delivery in December traded lower...
Aluminium moving from surplus to deficit
Aluminium prices have zoomed up this year. With a return of 19 per cent, year-to-date, aluminium finds its place in the top three best performers in the base metals complex . Indonesia’s ban of exports of unprocessed aluminium ores in January stoked prices. The country is the world’s largest...
Fresh buying seen in Aluminium, open interest up 8.29%
Aluminium settled up 0.36% at 126.3 as prices recovered later on better-than-expected New York Fed manufacturing data. Base metals prices consolidated overnight on mixed economic indicators. Japan's Q3 growth unexpectedly slid, and European Central Bank President Draghi stated they will push...
Aluminium trades at lower level on global cues, low spot demand
Aluminium prices fell 0.40 per cent to INR125.65 per kg in futures trading today as speculators reduced exposure amid weak global trend. At the Multi Commodity Exchange, aluminium for delivery in December declined by 50 paise, or 0.40 per cent, to INR 125.65 per kg in business turnover of 27 lots....
Aluminium futures fall 0.55% on global cues
Aluminium futures fell 0.55 per cent to INR 126.40 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 December lost 70 paise, or 0.55 per cent, to INR 126.40 per kg, with a business...
China's Chalco posts wider Q3 net loss as oversupply persists
Aluminum Corp of China Ltd (Chalco) posted a wider net loss of 1.29 billion yuan ($210.99 million) for the July-September quarter due to oversupply in the world's biggest aluminium market. China's biggest producer of primary aluminium and raw material alumina sells its products mainly in its own...
Aluminium futures contact on MCX recovers in the last two weeks
The aluminium futures contract traded on the Multi Commodity Exchange (MCX) has recovered smartly in the last two weeks. The corrective fall from the August high of INR129 per kg found a bottom at INR116 in early October. The rally from this low signals the beginning of a new leg of the up-move for...
Aluminium prices fall echoing global market trends
Taking weak cues from global markets, aluminium prices fell 0.29% to INR 121.15 per kg in futures trade on Wednesday as speculators trimmed positions. Further, sluggish demand in the domestic spot markets also weighed on the metal prices. At the Multi Commodity Exchange, aluminium for delivery in...
Aluminium down by 0.9% on global cue
Aluminium prices fell 0.88% to INR 117.70 per kg in futures trade today as speculators offloaded their positions amid weak cues from global markets. Further, sluggish demand in the domestic spot markets weighed on the metal prices. At the Multi Commodity Exchange, aluminium for delivery in October...
Aluminium down 0.6% on overseas cues
Aluminium futures fell 0.58% to INR120.70 per kg today as speculators trimmed positions amid a weak trend at the London Metal Exchange. At the Multi Commodity Exchange, aluminium for delivery in November lost 70 paise, or 0.58%, to INR 120.70 per kg, with a business turnover of five lots. The metal...
Aluminium futures weaken on global cues
Aluminium futures today traded 0.38 per cent lower at INR 118.75 per kg as speculators reduced their positions amid weak global cues. Further, subdued demand in the domestic spot markets also weighed on the metal prices. At the Multi Commodity Exchange, aluminium for delivery in October eased by 45...
Aluminium marginally up on global cues
Aluminium futures traded a shade higher at Rs 118.55 per kg today as participants strengthened their positions, supported by an upward trend overseas. Further, rising demand in the domestic spot markets also influenced metal prices. At the Multi Commodity Exchange, aluminium for delivery in...
Aluminium futures rise on global cues, spot demand
Aluminium prices went up by 0.30 per cent to INR 118.55 per kg in futures trade today as participants strengthened their positions, supported by an upward trend overseas. Further, pick up in demand in the spot markets also influenced metal prices. At the Multi Commodity Exchange, aluminium for...
Aluminium futures weaken on global cues
Aluminium prices fell 0.61 per cent to INR 122.95 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 months shed 75 paise, or...
Aluminium futures down on overseas trend
Aluminium futures prices fell 0.63 per cent to INR 126.35 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 October month contracts lost 80 paise, or 0.63 per cent, to INR 126.35...
Aluminium up by 0.2% on global trends
Aluminium prices were up by 0.24% in futures trade today as speculators created positions, tracking a firming trend in the global markets. Besides, increased demand at domestic spot markets also influenced prices. At the Multi Commodity Exchange, aluminium for delivery in current month rose by 30...
Partial closure of Xinfa smelter pushes up Chinese domestic aluminium by 4%
A Chinese smelter experiences partial closure due to technical faults which results in hike in the domestic price of the metal by nearly 4% this week as investors are desperate to compensate the deficit in supply. A unit of Shandong Xinfa Aluminium Electricity Group went offline suddenly due to a...
