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...
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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A group of UK-based researchers has developed a new aluminium alloy powder that improves the performance of Directed Energy Deposition (DED) additive manufacturing. The study was published in the International Journal of Extreme Manufacturing by the UK-based experts. To know predictions and...
Futures: In the night session on April 1, the SHFE aluminium 2605 contract opened at RMB 24,830 per tonne, hit an intraday high of RMB 24,980 per tonne and a low of RMB 24,775 per tonne, and finally closed at RMB 24,910 per tonne, up RMB 250 per tonne from the previous close, or 1.01per cent....
After the skyrocketing records on March 31 , the London Metal Exchange (LME) aluminium prices appeared to ease at the close of the April 1 session. The slightly declining trend was also noticed in the movement of the stocks. However, a rise in the near-term contracts amongst a few other upward...
Cairo has officially opened its first monorail route, a 56.5 km corridor with 22 stations, launched in the presence of President Abdel Fattah El-Sisi. The system is expected to carry up to 500,000 passengers per day, adding a new high-capacity transit option to the city’s transport network. For the...
Post the Iran attack on the Middle East’s two major aluminium production sites, the Emirates Global Aluminium (EGA) and Aluminium Bahrain (Alba), the London Metal Exchange (LME) aluminium price rose even higher than the last close. The longer-dated contracts also expanded more from the previous...
Futures: Overnight, the cast aluminium alloy 2605 contract price first fell and then rose, overall showing a fluctuating upward pattern. After the opening, the price quickly moved lower and touched an intraday low of RMB 23,320 per tonne, then gradually stabilised and rebounded, fluctuating upward...
The effect of the Middle East conflict, fuelled by Iran’s drone and missile strikes on the facilities of Emirates Global Aluminium (EGA) and Aluminium Bahrain (Alba) on March 28, reflected starkly on the London Metal Exchange (LME) aluminium prices closing on March 30. Nearing four-year highs out...
Futures: During the night session on March 27, the SHFE aluminium 2605 contract opened at RMB 23,815 per tonne, hit an intraday high of RMB 24,120 per tonne and a low of RMB 23,815 per tonne, and finally closed at RMB 24,085 per tonne, up RMB 150 per tonne from the previous close, or 0.63....
On Friday, March 27, the London Metal Exchange (LME) aluminium price declined, but the December 27 contracts, after easing, adapted the rising trend. The LME inventory also widened from the previous close. However, considering the price update on March 30, the LME aluminium price rose significantly...
Shares of Tianshan Aluminum Group Co. Ltd fell 7.48 per cent to an intraday low of RMB 16.01 (USD 2.21), compared to the Shanghai Composite’s 1.39 per cent drop. The stock has lost 13.32 per cent over the past week and is down 5.32 per cent on a monthly basis, reflecting near-term pressure....
Futures: In the night session on March 26, the most-traded SHFE aluminium 2605 contract opened at RMB 23,970 per tonne, hit an intraday high of RMB 23,995 per tonne and a low of RMB 23,850 per tonne, and finally closed at RMB 23,870 per tonne, up 0.61 per cent. Open interest in the night session...
Futures: During the night session on March 23, the most-traded SHFE aluminium 2605 contract opened at 23,850 per tonne, hit an intraday high of 23,855 per tonne and a low of 23,615 per tonne, and finally closed at 23,750 per tonne. Open interest in the night session stood at 267,000 lots, down 113...
Futures: In the night session on March 20, the most-traded SHFE aluminium 2605 contract opened at RMB 24,100 per tonne, hit an intraday high of RMB 24,160 per tonne and a low of RMB 23,450 per tonne, and finally closed at RMB 23,530 per tonne, down RMB 490 per tonne from the previous close, a...
Futures: Overnight, the aluminium alloy ad2604 contract fluctuated downward after opening, hitting a low of RMB 22,180 per tonne and finally closing at RMB 23,000 per tonne, down sharply 2.52 per cent from the previous trading day's closing price. The futures showed a weak consolidation pattern,...
Alcoa, a global industry leader in bauxite mining, alumina refining and aluminium manufacturing, witnessed an 11 per cent fall in its early trading on Thursday. However, on the London Metal Exchange (LME), the aluminium futures dropped the largest since 2018. The decline is mainly owed to the...
Futures: In the night session on March 19, the SHFE aluminium 2605 contract opened at RMB 23,100 per tonne, hit an intraday high of RMB 24,020 per tonne and a low of RMB 23,100 per tonne, and finally closed at RMB 23,930 per tonne, down RMB 250 per tonne from the previous close, a decline of 1.03...
Futures: In the night session on March 18, the SHFE aluminium 2605 contract opened at RMB 24,800 per tonne, hit an intraday high of RMB 24,880 per tonne and a low of RMB 24,575 per tonne, and finally closed at RMB 24,835 per tonne, up RMB 35 per tonne from the previous close, or 0.14 per cent....
Futures: During the night session on March 17, the SHFE aluminium 2605 contract opened at RMB 25,060 per tonne, hit a high of RMB 25,110 per tonne and a low of RMB 24,745 per tonne, and finally closed at RMB 24,915 per tonne, down RMB 75 per tonne from the previous close, or 0.30per cent. Technical...
