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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CME Group announces trading of the first Aluminum Midwest Premium contracts
CME Group, the world's leading and most diverse derivatives marketplace, today announced the first Aluminum MW U.S. Transaction Premium Platts (25MT) Futures (AUP) contracts were traded on Thursday 8 August. This trade was brokered by Jeffries Bache. Yesterday's trade was a 54 lot strip transaction...
Aluminium rises by 0.6% on global cues
Aluminium prices edged up by 0.64% to INR 109.30 per kg in futures trade today as participants indulged 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...
U.S. futures regulators should review aluminum market, US lawmaker says
U.S. futures regulators should review alleged manipulation of the aluminum market, the head of the Senate Agriculture Committee said on Tuesday. Committee Chairwoman Debbie Stabenow noted that in congressional testimony last week, buyers of aluminum alleged that the current market price was being...
Aluminium up 0.5% on global cues, spot demand
Aluminium prices edged up by 0.52% to INR 106.95 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 August...
Aluminium down by 0.6%
Aluminium futures today fell by 0.57% to Rs 104.90 per kg, largely in tandem with a weakening trend in base metals overseas and subdued demand at domestic markets. At the Multi Commodity Exchange, aluminium prices for delivery in July traded 60 paise, or 0.57%, lower at Rs 104.90 per kg in a...
Aluminium down by 0.7% on Asian cues
Aluminium futures today fell by 0.74% to INR 106.60 per kg largely in tandem with a weakening trend in base metals overseas after China's manufacturing activity weakened further in July amid low demand at domestic spot markets. At the Multi Commodity Exchange, aluminium prices for delivery in July...
Aluminium rises by 0.62% on global cues
Aluminium prices edged up by 0.62% to INR 105.85 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 July...
Aluminium down 0.5% on global cues
Taking weak cues from global markets, aluminium prices fell 0.51% to INR 107.25 per kg in futures trading on Thursday as speculators offloaded their positions. Further, sluggish demand in India's domestic spot markets also weighed on the metal prices. At the Multi Commodity Exchange, aluminium for...
Support for aluminum July contract is seen at INR 106: Kotak
MCX Aluminium July contract traded at INR 109.20, up 1.35% on Wednesday. It opened at INR 108.20 and touched a high of INR 109.40. LME aluminum traded marginally lower tracking record high stocks at LME warehouses coupled with supply glut. Stocks at LME fell by 5,500 tons yesterday after hitting a...
Aluminium prices up 0.7%
Aluminium future prices yesterday rose by 0.74% to INR 108.55 per kg as speculators created positions on pick up in spot demand. However, a weak trend in the global market, limited the gains. At the Multi Commodity Exchange, aluminium prices for delivery in July traded INR 0.80, or 0.74%, higher at...
Kotak says downside may be capped in aluminum
MCX Aluminum dropped on Tuesday amid range bound movements seen in international markets. MCX Aluminum June contract is trading at INR 103.55, down 0.19% on Tuesday. It opened at INR 103.45 and touched a low of INR 103. LME Aluminium traded marginally lower on Tuesday after noting 1.2% decline...
Aluminium prices down by 0.2%
Aluminium futures prices fell by 0.23% to INR 107.55 per kg on Wednesday as speculators trimmed positions amid a weak trend in metal at the London Metal Exchange. At the Multi Commodity Exchange, aluminium for delivery in July fell by INR 0.25, or 0.23%, to INR107.55 per kg, with a business...
Aluminium futures rise on global cues, spot demand
Aluminium prices edged up by 0.42 per cent to INR 107 per kg in futures trade on Thursday 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...
Aluminium futures up 0.95 per cent
Aluminium prices on Tuesday rose by 0.95 per cent to INR 111.45 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 June rose by...
Aluminium prices rise on global cues, spot demand
Aluminium prices edged up by 0.47% to INR 107.20 per kg in futures trade yesterday 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...
Aluminium prices up 0.44% on rising demand
Aluminium prices rose yesterday by 0.44% to INR 102.45 per kilogram 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, the May tarde rose by 45 paise, or 0.44%,...
Aluminium weakens 0.4% on global cues
Aluminium prices fell by 0.44% to Rs 101.25 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 (MCX), the May contract...
Aluminum trades lower in futures trade on global cues
Aluminum prices fell by 0.54 per cent to INR 101.85 per kg in futures trading today as speculators offloaded their positions on the back of weak global trend. At the Multi Commodity Exchange, aluminum for delivery in May declined by INR 0.55, or 0.54 per cent, to INR 101.85 per kg in business...
