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 Stockpiles Climb to Record
Aluminum inventories in warehouses monitored by the London Metal Exchange rose to a record and traders may decide to deliver even more metal. Stockpiles climbed 0.7 percent to 5.24 million metric tons on gains in Detroit and Baltimore, exchange data showed today. Tomorrow is the so-called prompt...
Aluminium futures rise on global cues, spot demand
Aluminium prices moved up by 0.22 per cent to Rs 115.45 per kg at futures market, taking positive cues from the global markets and strong domestic demand. At the Multi Commodity Exchange, aluminium for delivery in January gained 25 paise, or 0.22 per cent, to Rs 115.45 per kg, with a business...
Aluminium futures down 0.22 per cent
Aluminium futures prices declined by 0.22 per cent to Rs 115.25 per kg today as speculators offloaded their positions, triggered by a weakening trend in base metals in the global markets. At the Multi Commodity Exchange, aluminium for delivery in January edged lower by 25 paise, or 0.22 per cent,...
Aluminium futures prices down 0.22%
Aluminium futures prices declined by 0.22 per cent to Rs 114.65 per kg today as speculators trimmed their positions, triggered by a weakening trend in base metals in the global markets. At the Multi Commodity Exchange, aluminium for delivery in December edged lower by 25 paise, or 0.22 per cent, to...
Aluminium futures up on strong global cues
New Delhi, Dec 10 (PTI) Aluminium futures prices rose by 0.31 per cent to Rs 114.05 per kg today as speculators enlarged positions, supported by a firming trend in base metals in the global markets. At the Multi Commodity Exchange, aluminium for delivery in January up by 35 paise, or 0.31 per cent,...
LME aluminum should move between USD 2,080-2,120/mt on Thursday: SMM Morning Review
The US ISM non-manufacturing PMI rose slightly in November, but the growth of ADP’s employment data fell short of forecasts, weakening expectations for non-farm payrolls on Friday. The US dollar index staged a rally due to market risk aversion, curtailing gains of commodities. LME aluminum...
Aluminium futures marginally up on spot demand
Aluminium prices edged up by 0.13 per cent to Rs 115.75 per kg at futures market as speculators created fresh positions, supported by rising demand at spot markets even as metal weakened overseas. At the Multi Commodity Exchange, Aluminium for delivery in January gained 15 paise, or 0.13 per cent,...
Aluminium futures rise on global cues, spot demand
Aluminium prices edged up by 0.66 per cent to Rs 114.35 per kg at futures market on the back of strong domestic demand and firm global cues. At the Multi Commodity Exchange, aluminium for delivery in January gained 75 paise, or 0.66 per cent, to Rs 114.35 per kg, with a business turnover of 58...
Aluminium down in futures trade
Aluminium futures prices fell by 0.19 per cent to Rs 107.30 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 November fell by 20 paise, or 0.19 per cent, to Rs 107.30 per kg, with a...
Aluminium futures gain marginally on speculator action, global cues
Aluminium futures prices rose by 0.29 per cent to Rs 104.60 per kg today as speculators enlarged positions, supported by a firming trend in base metals in the global markets. At the Multi Commodity Exchange, aluminium for delivery in November rose by 30 paise, or 0.29 per cent, to Rs 104.60 per kg,...
LME aluminum to move between USD 1,900-1,930/mt on 1st Nov: SMM Morning Review
LME aluminum hovered above the 5-day moving average after opening at USD 1,920.8/mt during the Asian session. However, LME aluminum retreated from the 5-day moving average to a low of USD 1,904/mt during the European session, down USD 14.8/mt or 0.77%, as higher-than-expected unemployment rate in...
Indian Aluminium futures rise in domestic market
Taking positive cues from the global markets and rising spot market demand, aluminium prices edged up by 0.39 per cent to Rs 102.35 per kg at futures market. At the Multi Commodity Exchange, aluminium for delivery in October gained 40 paise, or 0.39 per cent, to Rs 102.35 per kg, with a business...
CME expects aluminium premium swaps trades by end-year
CME Group (CME.O) expects to see the first trades in its new aluminium swap futures contract by the end of this year as it taps consumer frustration with having to pay steep surcharges to get metal in the midst of a glut, the exchange's head of metals said. The contract is based on the Platts...
Aluminium futures rise on global cues, spot demand
Tracking a firming trend in base metals in the global markets and rising spot market demand, aluminium prices edged up by 0.72 per cent to Rs 105.15 per kg at futures market. At the Multi Commodity Exchange, aluminium for delivery in October shot-up by 75 paise, or 0.72 per cent, to Rs 105.15 per...
India aluminium futures down 0.71 pc on profit-bookings
Indian Express reported that Indian aluminium prices declined by 0.71% to INR 105.25 per kilogram in futures trade as speculators indulged in booking profits at prevailing higher levels, driven by sluggish demand in the spot market. At the Multi Commodity Exchange, aluminium for delivery in October...
Aluminium futures in India soften on lower global trend
Aluminium prices softened by 0.52 per cent to Rs 115.50 per kg in futures market today due to lower global trend. At the Multi Commodity Exchange, aluminium for delivery in October traded lower by 60 paise, or 0.52 per cent, to Rs 115.50 per kg, with a business turnover of 328 lots. Similarly, the...
Aluminium futures are trading uptrend for long time on the MCX
MCX Aluminium futures, traded on the MCX (Multi Commodity Exchange of India), have been on a long-term uptrend ever since bottoming out at February 2009 low around Rs 62. It closed at Rs 116.95 per kg on Friday. However, after marking a peak at Rs 124 in May 2011, the commodity reversed its...
Aluminium future prices in India rose by over one per cent
Aluminium futures prices rose by over one per cent to Rs 117.35 per kg today as speculators enlarged positions, supported by a firming trend in base metals in the global markets. At the Multi Commodity Exchange, aluminium for delivery in October rose by Rs 1.30, or 1.12 per cent, to Rs 117.35 per...
