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 up 0.33 pc on overseas trend
Aluminium prices today rose by 0.33 per cent to INR 105.60 per kg in futures trade mostly in line with 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 February rose by 35...
Aluminium futures rise by 0.57%
Supported by a firming trend overseas and domestic demand, aluminium futures prices today edged higher by 0.57 per cent to INR 106.55 per kg as speculators created positions. At the Multi Commodity Exchange, aluminium for delivery in February traded up by 60 paise, or 0.57 per cent, to INR 106.55...
CME Is ‘on track’ with aluminum futures contract as premium trade takes a rise
CME Group Inc., the largest futures exchange in the world, is ready to start up an aluminum futures contract and is even planning to introduce other metals products. CME said it has planned last year to start something alternative to aluminum contract traded on the LME for improving transparency....
Rise of aluminium futures on spot demand, new overseas trend
Aluminium prices rises by 0.43 per cent to INR 104.50 per kg in futures trade today as all participants enlarged positions on a firming overseas trend. Strong demand in spot markets is also responsible for metal prices. At the Multi Commodity Exchange, aluminium for delivery in the month of...
Rise in U.S. aluminum premium to generate interest in CME contract
While the premiums paid for physical delivery of aluminium against the LME benchmark is going up and industrial users are trying to protect themselves against further rise in premium, CME Group Inc’s nascent aluminium premium contract is picking up in the market during the beginning of the year....
LME Aluminum rebounds from 4.5-year Low
Base metal futures rose on the London Metal Exchange Tuesday, with aluminum carving out significant gains as traders stepped in to buy the metal at reduced prices. The LME's three-month aluminum contract was up 1.1% at $1,695 a metric ton in morning European trade after hitting a...
Aluminium prices fall by 0.9% on global cues
Aluminium prices fell by 0.97% to INR 106.65 per kg in futures trading today after speculators trimmed their exposures amid a weak global trend. At the Multi Commodity Exchange, aluminium for delivery in January declined by Rs 1.05, or 0.97% to INR 106.65 per kg in business turnover of 505 lots....
Aluminium futures rise on spot demand, global cues
Aluminium prices went up by 0.32 per cent to INR 108.15 per kg in futures trade today as participants enlarged their positions, supported by a firming trend overseas. Further, strong demand in the spot markets also influenced metal prices. At the Multi Commodity Exchange, aluminium for delivery in...
LME looking to launch U.S. aluminum premium contract
The London Metal Exchange is considering launching a U.S. aluminum premium contract, a senior executive said, potentially expanding its most-traded product after years of criticism over high physical prices. The contract, plans for which are still in the early stages, would reflect the cash premium...
Aluminium moves up 0.73 pc in futures trade on spot demand
Aluminium prices moved up by 0.73 per cent to INR 110.90 per kg in futures market today as speculators enlarged positions on the back of increased demand from consuming industries in the spot market. At the Multi Commodity Exchange, aluminium for delivery in January moved up by 80 paise, or 0.73...
Aluminium rises by 0.3% on spot demand
Aluminium prices edged up by 0.32% to INR 110.45 per kg in futures trade today as participants enlarged their positions, supported by a firming trend at spot markets on strong demand. At the Multi Commodity Exchange, aluminium for delivery in January inched up by 35 paise, or 0.32%, to INR 110.45...
India aluminium futures may trade 110-113.6 range
Aluminium settled up at 111.35 rallied as signs of a strengthening US economic recovery prompted traders to buy industrial metals. Manufacturing in the U.S. continued to expand this month, a separate survey showed before data on Jan. 2. The nation ranked second globally after China among consumers...
Aluminium up 0.1% on spot demand, short-covering
Aluminium futures prices rose by 0.14% to INR 109.70 per kg today as speculators covered up their short positions on rising demand in spot markets even as metal weakened in the global markets. At the Multi Commodity Exchange, aluminium for delivery in current month up by 15 paise, or 0.14%, to INR...
Aluminium futures down on weak global cues
Aluminium prices fell by 0.50 per cent to Rs 109.50 per kg in futures trading today as speculators offloaded their positions amid weak cues from global markets. Besides, subdued demand in the domestic spot markets also weighed on metal prices. At the Multi Commodity Exchange, aluminium for delivery...
Aluminium rises on spot demand, overseas cues
Aluminium prices edged up by 0.41% to INR 110.55 per kg in futures trade today as participants enlarged positions, supported by a firming trend overseas. Strong demand in the spot markets also influenced metal prices. At the Multi Commodity Exchange, aluminium for January delivery inched up by 45...
Aluminium down 0.5% on global cues
Taking weak cues from global markets, aluminium prices fell to INR 106.75 per kg in futures trading today as speculators offloaded positions. Further, sluggish demand in the domestic spot markets also weighed on the metal prices. At the Multi Commodity Exchange, aluminium for delivery in December...
China's Spot ADC12 offers slip on weaker LME prices
Offers for China's domestic spot aluminum alloy ADC12 slipped, affected mainly by weaker aluminum ingot prices, while the demand remained steady, seeing no significant change from the previous week, industry sources said. Domestic offers for ADC12 were mostly at Yuan 15,700-15,800/mt...
Aluminium down 0.1% on global cues
Taking weak cues from global markets, aluminium prices fell to INR 108.05 per kg in futures trading today as speculators offloaded their positions. Further, sluggish demand in the domestic spot markets also weighed on the metal prices. At the Multi Commodity Exchange, aluminium for December...
