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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Aluminum futures and Alcoa's stock – Promising investment assets : analysts
According to an analyst at Alpari, the aluminum industry is one of the most attractive investments at this point. While metallurgy companies still cannot recover form the crisis (which led to aluminum overproduction, price collapse and shutdowns across the globe), China is still a strategical...
Aluminium futures fall 0.30 per cent on global cues
Aluminium prices fell by 0.30 per cent to INR 107.95 per kg in futures trading today as speculators offloaded their positions driven by weak global trend on supply outlook. At the Multi Commodity Exchange, aluminium for delivery in December declined by 40 paise, or 0.30 per cent, to INR 107.95 per...
Aluminium down 0.4% on global cues
Aluminium futures prices fell by 0.41% to INR110.65 per kg today as speculators offloaded positions driven by weak global trend. At the Multi Commodity Exchange, aluminium for delivery in December declined by 45 paise, or 0.41%, to INR 110.65 per kg in business turnover of 13 lots. Similarly, the...
Aluminium futures rise on spot demand, overseas cues
Aluminium prices edged up by 0.18% to INR 108.90 per kg in futures trade today as participants enlarged positions, supported by a firming overseas trend. Strong demand in the spot markets also influenced metal prices. At the Multi Commodity Exchange, aluminium for delivery in November inched up by...
Aluminium down by 0.1% on global cues
Aluminium prices fell marginally by 0.05% to INR 110.50 per kg in futures trading today as speculators offloaded their positions, tracking a weak trend in the global markets amid subdued domestic demand. At the Multi Commodity Exchange, aluminium for delivery in November eased by five paise, or...
Aluminium down 0.1% on weak global cues
Taking weak cues from global markets, aluminium prices fell marginally by 0.13%, to Rs 113 per kg in futures trading today as speculators offloaded positions. Besides, subdued demand in the domestic spot markets also weighed on the metal prices. At the Multi Commodity Exchange, aluminium for...
Aluminium up 0.7% on global trends
Aluminium prices today edged higher by 0.71% 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 October rose by 80 paise, or 0.71%, to INR...
Aluminium futures trade higher on spot demand
Aluminium prices traded marginally higher by 0.27 per cent to INR 113.20 per kg in futures trading today as speculators created fresh positions after pick up in demand in the spot market. At the Multi Commodity Exchange, aluminium for delivery in November edged up by 30 paise, or 0.27 per cent, to...
LME aluminium to consolidate in $1,840-$1,860 range
LME aluminium is expected to consolidate in a range of $1,840-$1,860 per tonne, as indicated by its wave pattern and two trendlines. The drop from the Oct. 22 high of $1,891.25 is labelled as a wave c, the final wave of a three-wave cycle that developed from the Oct. 11 high of $1,890. Five small...
Clock ticking for CME aluminium contract, industry expert Bodner says
CME Group has a window of just a few months to establish its new aluminium contract before the opportunity is missed, industry consultant Mark Bodner told Metal Bulletin. “CME rightly sees an opportunity,” Bodner said. “A launch before year-end will give a much better chance of success than if it’s...
Aluminium up 0.1% on global trends
Aluminium prices today rose marginally by 0.18% in futures trade mostly in line with a firming trend in global markets. Besides, increased demand at domestic spot markets also influenced prices. At the Multi Commodity Exchange, aluminium for delivery in November rose by 20 paise, or 0.18%, to INR...
Aluminium down 0.4% on overseas trend
Aluminium futures prices fell by 0.40% to INR 112.85 per kg today as speculators trimmed positions amid a weak trend in metal at the London Metal Exchange. At the Multi Commodity Exchange, aluminium for delivery in October lost 45 paise, or 0.40%, to INR 112.85 per kg, with a business turnover of...
CME Group to launch an aluminium contract to challenge LME
CME Group, the world’s largest futures exchange, will launch an aluminium contract to challenge the London Metal Exchange’s dominance of the largest base metals market as it suffers a storm of public criticism. Harriet Hunnable, head of metals at the Chicago-based group, said its plans for an...
Rusal urges greater transparency in LME's disclosure of positions
Russian aluminum producer Rusal said Monday that there is a need for greater transparency in the London Metal Exchange's disclosure of commercial and non-commercial positions on the exchange. "Specifically, the LME should introduce disclosure of commercial and non-commercial positions on the...
Aluminum climbs for first time in three days on growth optimism
Aluminum advanced for the first time in three days, rebounding from a four-week low, after the U.S. Federal Reserve said a recovery in the world’s largest economy was intact. Aluminum for delivery in three months increased as much as 0.8 percent to $1,804 a metric ton on the London Metal Exchange...
Aluminium down 0.9% on global cues
Aluminium prices edged lower by 0.92% to INR 123.90 per kg in futures trade today as participants trimmed positions, tracking a weak overseas trend. Further, subdued demand in the spot markets also put pressure on metal prices. At the Multi Commodity Exchange, aluminium for delivery in October shed...
Aluminium up 0.7% on overseas trend
Aluminium prices edged up by 0.71% to Rs 120.20 per kg in futures trade today as participants engaged in enlarging positions, supported by a firming Asian trend. Further, better demand in the spot markets also influenced metal prices. At the Multi Commodity Exchange, aluminium for delivery in...
Aluminium up 0.7% on overseas trend
Aluminium prices edged up by 0.74% to INR 122.85 per kg in futures trade today as participants engaged in enlarging positions, supported by a firming overseas trend. Further, better demand in the spot markets also influenced metal prices. At the Multi Commodity Exchange, aluminium for delivery in...
