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 fall 0.14 pc on global cues at the Multi Commodity Exchange
Aluminium futures prices today fell marginally by 0.14 per cent to Rs 106.10 per kg in as speculators offloaded positions driven by weak global trend. At the Multi Commodity Exchange, aluminium for delivery in March declined by 15 paise, or 0.14 per cent, to Rs 106.10 per kg in business turnover of...
Aluminum May Extend 2013’s Drop to $1,911
Aluminum may drop to about $1,911 a metric ton if it falls below an area consisting of the 200-day moving average and a six-month uptrend, according to technical analysis by Commerzbank AG. The attached chart shows that the metal has fallen below its 200-day moving average that is currently at...
Pressure of London Aluminium Continued, Shanghai Aluminium Continue to be Weak
Shanghai aluminium future continues to be weak. 1305 contract closed at 14850 yuan per ton, dropped 5 yuan. Initial value of Huifeng Manufacture Industry was not as good as expected in the report of Feb. US dollar indexed performance is still powerful, pressure of outer disc London aluminium...
Citic Resources says no to aluminium smelter purchase
Citic Resources Holdings, the energy and metals arm of state-owned conglomerate Citic Group, will continue to look for acquisition opportunities but will pursue them in a "cautious" manner, its chief executive said yesterday. The company would not buy aluminium smelting assets because of a global...
Aluminium market creaks under weight of financing deals
The $80-billion aluminium market is starting to crack under the weight of finance deals that have locked up millions of tonnes of the metal as collateral in warehouses. For years, financial institutions have been buying physical aluminium and simultaneously selling futures. Stock financing is...
Aluminium futures fall 0.99% on global cues
Aluminium prices fell by 0.99 per cent to Rs 114.70 per kg in futures trading on Monday as speculators offloaded their positions driven by weak global trend. At the Multi Commodity Exchange, aluminium for delivery in February declined by Rs 1.15, or 0.99 per cent to Rs 114.70 per kg in business...
Aluminium futures trade higher on overseas cues
Aluminium prices traded higher by 0.35 per cent to Rs 114.05 per kg in futures trading as speculators enlarged their positions in tandem with a firming global trend. At the Multi Commodity Exchange, aluminium for delivery in February traded higher by 40 paise, or 0.35 per cent to Rs 114.05 per kg...
Aluminium futures up on spot demand
Aluminium futures prices rose by 0.31 per cent to Rs 112.60 per kg on Monday as speculators enlarged positions, supported by rising demand at spot markets and a firming trend overseas. At the Multi Commodity Exchange, aluminium for delivery in February up by 35 paise, or 0.31 per cent, to Rs 112.60...
Aluminium prices are expected to rise
Aluminium prices should improve slightly this year, despite an expected surplus of the metal and the likelihood of overproduction in the years ahead, Deutsche Bank said in its quarterly commodities review. Aluminium posted a spot return of about zero last year, the bank said. The aluminium market...
Aluminium futures up on spot demand
Aluminium futures prices rose by 0.46 per cent to Rs 109.95 per kg today as speculators enlarged positions, supported by a firming trend at the spot markets on strong demand even as metal weakened in the global markets. At the Multi Commodity Exchange, aluminium for delivery in January up by 50...
LME aluminum should move between USD 2,040-2,075/mt on 23rd Jan: SMM Morning Review
The US announced overnight that the Chicago Fed National Activity Index (CFNAI) for December and Richmond Fed manufacturing index for January both shrank and were well below expectations. What’s worse, US existing home sales also slid in December. Nevertheless, easing monetary policy introduced...
Aluminium Up After Two Days of Decline
After declining for two straight days, LME Aluminium forwards are trading up $ 2051 per tonne from $ 2040 per tonne at Tuesday's settlement. The markets have come off their highs but still managing to stay in green on the back of bargain buying. LME Aluminium declined from $ 2116 per tonne levels...
Indian aluminium futures down due to profit-booking
Aluminium futures prices today declined marginally by 0.13 per cent to Rs 115.25 per kg largely due to profit-booking by speculators despite a firm trend overseas. At the Multi Commodity Exchange, aluminium for delivery in February edged lower by 15 paise, or 0.13 per cent, to Rs 115.25 per kg,...
LME Primary aluminium remained the most actively traded contract in 2012
Traded volumes of futures and options on the London Metal Exchange rose 9% in 2012 as a 10.6% rise in futures turnover offset a 19.1% drop in options. But while primary aluminium remained the most actively traded contract, its volume edged down 2% year on year, according to figures released by the...
Aluminium down 0.39% on global cues
Aluminium futures for February edged lower by 45 paise, or 0.39%, to Rs 113.85 per kg, in 59 lots at the Multi Commodity Exchange today. The January contract fell by 40 paise to Rs 112.85 per kg in 447 lots. Weak trend at the London Metal Exchange affected aluminium futures prices here.
MCX Aluminium January contract looks positive
Fortune Financial Servies has come out with its report on bullion, metals and energy. According to the research firm, MCX Silver March Contract is looking slightly negative for the day. Market may find support near 57750 & 57200; intraday resistance can be seen near 58200 & 58700. Day traders can...
Aluminium futures rise on global cues, spot demand
Aluminium prices today edged up by 0.27 per cent to Rs 112.85 per kg at futures market on the back of strong domestic demand and firm global cues. At the Multi Commodity Exchange, aluminium prices for delivery in December gained 30 paise, or 0.27 per cent, to Rs 112.85 per kg, with a business...
Aluminium futures marginally down on weak spot demand
Aluminium futures prices declined by 0.17 per cent to Rs 114.10 per kg today as speculators indulged in reducing their positions largely in tune with a weak spot demand. However, gains in copper and other base metals at the London Metal Exchange (LME) capped the losses. At the Multi Commodity...
