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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Shanghai Metals Market Morning Review - 2012/3/16 Aluminum Market
LME three-month aluminum returned above the 30-day moving average closing up USD 27/mt or 1.21% at USD 2,254/mt on Thursday, as latest and better-than-expected US unemployment claims and manufacturing data beat estimates to boost confidence for the US economy. SMM expects LME three-month aluminum...
Shanghai Metals Market Morning Review - 2012/3/15 Aluminum Market
LME three-month aluminum futures closed down USD 28/mt or 1.24% at USD 2,227/mt on Wednesday as China’s signal to maintain property curb boosts dollar buying and weighs on base metals. The light metal lost all previous-day gains after losing support at the 5-day moving average. China’s property...
Aluminium down 0.14% on sluggish demand
Aluminium prices edged lower by 0.14% to Rs 110.20 per kg in the futures market, tracking a weak trend in global markets and subdued domestic demand. At the Multi Commodity Exchange, the February contract for aluminium shed 35 paise, or 0.14%, to Rs 110.20 per kg, with a business volume of 188...
Rusal Falls in Moscow as Aluminum Futures Decline in Shanghai
United Co. Rusal, the world’s largest aluminum producer, led declines in the Moscow-based Micex Index as aluminum futures fell for a second day in Shanghai. Rusal’s Russian depository receipts dropped 4.1 percent, the biggest intraday decline since Dec. 16, to 247.41 rubles by 12:24 p.m. in Moscow....
Aluminium up 0.28% on rising demand
Buoyed by a firming trend in base metals at the London Metal Exchange (LME), aluminium prices rose by 0.28% to Rs 106.30 per kg in the futures market today. At the Multi Commodity Exchange, the February contract rose by 30 paise, or 0.28%, to Rs 106.30 per kg, with a business volume of 229 lots....
Shanghai Metals Market Morning Review - 2012/2/21 Aluminum Market
A reserve ratio cut by China’s central bank last Saturday and optimism towards the second Greek bailout helped strengthen the euro, which in turn led to a higher opening price of LME three-month aluminum futures on Monday. The metal quickly pared gains, however, and closed up USD 38.8/mt or 1.8% at...
Alumininum down 0.3% on weak global cues
Aluminium futures fell by 0.32% today after speculators reduced their positions, triggered by a weak trend at the London Metal Exchange (LME). At the Multi Commodity Exchange, aluminium for delivery in February fell by 35 paise, or 0.32%, to Rs 107.35 per kg, with a business turnover of 109 lots....
Aluminium weakens on global cues
Aluminium prices edged lower by 0.42% to Rs 107.85 per kg in the futures market after speculators reduced positions taking weak cues from overseas markets amid sluggish spot demand. At the Multi Commodity Exchange, aluminium for delivery in February shed 55 paise, or 0.42%, to Rs 107.85 per kg,...
Aluminum Traders Probably Closed Out Bets That Prices Will Climb
Aluminum traders probably closed out bets that prices will climb as the number of outstanding contracts declined to the lowest in more than three months at the same time as prices fell. Open interest in London Metal Exchange aluminum futures declined by 9,457 lots to 1.35 million contracts in the...
Aluminium futures up 0.46 pc
Aluminium prices gained 0.41 per cent to Rs 109.55 per kg in the futures market today mostly supported by a pick-up in domestic demand at spot markets. At the Multi Commodity Exchange, aluminium for delivery in March rose by 45 paise, or 0.41 per cent, to Rs 109.5 per kg, with an open interest for...
Alumininum futures edges up 0.27%
New Delhi Aluminium futures gained 0.27 per cent today after speculators enlarged their positions, driven by firming trend at the London Metal Exchange (LME). At the Multi Commodity Exchange, aluminium for delivery in current month gained 30 paise, or 0.27 per cent, to Rs 110.50 per kg, with a...
East China Aluminum: Futures Price Rises, Weak Consumption Limits Increase in Spot Price
Traded prices of spot aluminum in Shanghai were between RMB 15,980-16,020/mt on Monday, with discounts of RMB 50-100/mt over the SHFE current-month aluminum price. Low-iron aluminum was traded between RMB 16,040-16,060/mt in Shanghai. Traded prices of spot aluminum in Wuxi were between RMB...
Shanghai Metals Market Morning Review - 2012/1/11 Aluminum Market
LME aluminum stocks may continue to drop as China’s cast aluminum and aluminum semis imports surged, Alcoa said to cut 12% output pressured by losses and rumors were heard more aluminum producers will cut output. Such expectation had contributed to a third successive gaining day of LME aluminum,...
Aluminum will stay firm above 107 rupees
Aluminum traded higher on Tuesday evening at MCX following overseas market trends, but a strong rupee kept the uptrend limited. Aluminum January delievery contract up by 0.50 percent to 107.85 rupees per kilogram on Multi Commodity Exchange(MCX). All metal complex open edge higher but prices cool...
Aluminium futures marginally up
New Delhi, Dec 23 (PTI) Aluminium futures prices were up by 0.14 per cent today, largely in tune with a firming trend in base metals overseas and pick-up in demand from domestic industrial units. At the Multi Commodity Exchange counter, aluminium for January delivery gained 15 paise, or 0.14 per...
Aluminium Futures Correct By 13% In 2011
The non volatile nature of Aluminium futures helped it to nullify some of the heavy selling days in the commodities. Still, Aluminium will take home more than 13% losses on benchmark London forwards contract in the year 2011. Demand outlook for 2012 has been dull and the predictions from some of...
Aluminium futures up 0.38% on global cues
Aluminium futures prices rose marginally by 0.38% to Rs 104.75 per kg today, as speculators enlarged their positions in tandem with a firming trend overseas. At the Multi Commodity Exchange, December aluminium edged up by 40 paise, or 0.38%, to Rs 104.75 per kg, with a business volume of 392 lots....
Traders seek gains in falling aluminium price
One of the hottest trades of the 2008 crisis is making a comeback, as banks and traders take advantage of a sharp fall in the aluminium price to lock up the metal in so-called “financing deals”. Several banks have made large purchases of the metal for the deals in recent weeks, and hedge funds are...
