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 low by 0.3% amid a weak trend
Prices of aluminium futures fell by 0.31% to INR 113.10 per kg on 10th June as speculators trimmed their positions amidst a weak trend in aluminium at LME. At the Multi Commodity Exchange, in July, aluminium for delivery fell by 0.31% or 35p to INR 113.10 per kg and that resulted in a total...
Aluminium up 0.29% on global cues, spot demand
Aluminium prices went up by 0.29 per cent to INR 104.65 per kg in futures trade today as participants strengthened their positions, supported by an upward trend overseas. Further, strong demand in the spot markets also influenced metal prices. At the Multi Commodity Exchange, aluminium for delivery...
Aluminium futures weaken on global cues
Aluminium prices fell by 0.23 per cent to INR 109.55 per kg in futures trading today 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 May...
Aluminium futures slide 0.38 pc on weak demand
Aluminium prices declined by 0.38 per cent to INR 105.25 per kg in futures trade today as speculators reduced positions amid weak demand in the spot market. At the Multi Commodity Exchange, aluminium for delivery in May traded lower by 40 paise, or 0.38 per cent, to INR 105.25 per kg in a business...
Chinese aluminium prices poised to outperform LME futures: Clyde Russell
Aluminium futures in Shanghai may perform better than their London counterparts in the next few months as the outlook brightens for what has been one of China's most chronically oversupplied commodities. Shanghai futures lost 6.4 percent in yuan terms and 15.3 percent in U.S. dollar terms from the...
Aluminium up 0.4% on firming overseas trend
Aluminium prices today rose by 0.38% to INR 104.85 per kg in futures trade as speculators enlarged positions amid a firming trend overseas. Besides, increased demand at domestic spot markets also influenced prices. At the Multi Commodity Exchange, aluminium for delivery in May rose by 40 paise, or...
Aluminum may witness trading steady near $1775
We saw a good amount of nearly 0.75% decline in the Aluminum prices on Wednesday to settle the three month contract at $1769/MT. Likewise, at the domestic market, May future ended lower at INR 104.40/kg. Also, daily inventory declined at LME but the reaction on the prices were negligible. We saw a...
CME may have tough time attracting interest in aluminum contract
If the first day of trading is any indication, CME Group may have a tough slog drumming up interest for its North American aluminum futures contract. CME launched the contract to allow aluminum producers and consumers to lock in prices ahead of time and give investors an opportunity to speculate on...
U.S. aluminum futures debut amid legal wrangling on London rules
Aluminum futures trading started on Monday on the CME Group Inc. in Chicago, a move supported by companies such as MillerCoors LLC that complained of price distortions cause by delivery delays at warehouses run by the London Metal Exchange. The new futures contract will offer a “North American...
Aluminium up 0.2% on firming overseas trend
Aluminium prices today rose by 0.28% to INR 106.50 per kg in futures trade as speculators enlarged positions amid a firming trend overseas. Besides, increased demand at domestic spot markets also influenced prices. At the Multi Commodity Exchange, aluminium for delivery in May rose by 30 paise, or...
LME Aluminium may witness losses trading at $1837 up by 0.14%
We had a bearish view on Aluminum last day with the anticipation that the commodity may take price correction in the form of profit booking on the long positions. Also, a rebound in the inventory supported the metal to retreat from the highs. 3 month forward LME Aluminum ended the day at $1826.75...
Aluminium marginally up in futures trade
Aluminium futures rose marginally by 0.14 per cent to INR 110.55 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 April traded higher 15 paise, or 0.14 per cent, at...
Market sees limited room for further fall in Chinese alumina prices
After weeks of declines, Chinese alumina prices seemed to be stabilising this week with supply and demand approaching a balance. On the local spot market, alumina prices were at 2,180-2,520 yuan ($353-408) per tonne on Thursday April 24, compared with 2,200-2,520 yuan per tonne on Thursday April...
SMM Aluminum Market Morning Review (2014-4-22)
On Monday night, SHFE 1406 aluminum contract fluctuated in a RMB 13,190-13,205/mt band after starting at RMB 13,200/mt, and finished the night session at RMB 13,205/mt. Trading volumes totaled 456 lots, and positions added 54 lots to 112,268 lots. The most active SHFE aluminum contract is expected...
SHFE aluminum contract to fluctuate
Last Friday night, SHFE 1406 aluminum contract was range-bound after starting at RMB 13,230/mt, and finished the night session flat with the opening price. Trading volumes totaled 952 lots, and positions added 62 lots to 114,216 lots. With LME still closed today, the most active SHFE aluminum...
Aluminium down 0.3% on global cues
Aluminium prices fell by 0.35% to INR 113.80 per kg in futures trading today, largely in tune with a weakening trend in the global markets on demand concern. Further, subdued demand in the domestic spot markets also weighed on the metal prices. At the Multi Commodity Exchange, aluminium for...
Aluminium futures softens by 0.68 pc on sluggish demand
Aluminium prices softened by 0.68 per cent to INR 109.65 per kg in futures market today as speculators reduced their positions, driven by sluggish demand in the spot market. At the Multi Commodity Exchange, aluminium for delivery in May declined by 75 paise, or 0.68 per cent to INR 109.65 per kg in...
Aluminium futures rise on global cues, spot demand
Aluminium prices edged up by 0.18 per cent to INR 109.80 per kg in futures trade today as participants enlarged their positions, supported by a firming overseas trend. Further, strong demand in the spot markets also influenced metal prices. At the Multi Commodity Exchange, aluminium for delivery in...
