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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SMM Brief Review - 2011/8/11 Aluminum Futures: Long Confidence Recovers Following 5-day Moving Average Stand
Most active SHFE aluminum contract prices opened lower at RMB 17,480/mt on August 11th, and broke through the 30-day moving average to a high of RMB 17,765/mt in the morning with strong long momentum. Due to profit-taking in the afternoon, most active SHFE aluminum contract prices finally closed at...
SMM Brief Review - 2011/8/10 Aluminum Futures: Most Active Contract Recovers Precious Gap
Most active SHFE aluminum contract prices opened 3% higher at RMB 17,330/mt on August 10th, and slightly rose in the morning to struggle at RMB 17,500/mt. In the afternoon, after standing above the 5-day moving average, most active SHFE aluminum contract prices further rose to hit the 10-day moving...
SMM Daily Review - 2011/8/9 Base Metals Market
Plunging global financial markets overnight dragged SHFE aluminum contract prices to gap lower for a third consecutive day by over 4% at RMB 16,510/mt on August 9th. All aluminum contracts fell to a stop at the beginning of trading, but soon reopened supported by buying at low prices and attempted...
South China Aluminum: Spot Prices Gain with Climbing Futures Prices
SHFE aluminum prices gapped lower and fell to a stop in a short period on August 9th, but reversed the falling trend in the afternoon with all aluminum contract prices rising. As a result, selling interest at higher prices turned strong among goods holders in south China, with mainstream trading...
East China Aluminum: Futures Rebound, Middlemen Active at Lower Prices
Trading prices of spot aluminum in Shanghai on August 9th were between RMB 17,570-17,610/mt, with premiums of positive RMB 120-150/mt over SHFE current-month aluminum prices. Low-iron aluminum was traded between RMB 17,600-17,640/mt. Trading prices of spot aluminum in Wuxi were between RMB...
SMM Brief Review - 2011/8/9 Aluminum Futures: Gap Lower, Stop and Rebound
Plunging global financial markets overnight dragged SHFE aluminum contract prices to gap lower by over 4% at RMB 16,510/mt on August 9th. At the beginning of trading, all aluminum contracts fell to a stop, which soon reopened supported by buying at low prices and attempted to recover the gap. In...
SMM Daily Review – 2011/8/8 Aluminum Market
Most active SHFE 1110 aluminum contract prices opened over 3% lower at RMB 16,985/mt on August 8th. During initial trading hours, most active SHFE aluminum contract prices kept falling and hit RMB 16,725/mt with an over 4% loss. However, after profit-making by the shorts, most active SHFE aluminum...
SMM Brief Review - 2011/8/8 Aluminum Futures
After investors turned panic following a history’s first downgrade of US debt rating, most active SHFE 1110 aluminum contract prices opened over 3% lower at RMB 16,985/mt on August 8th. During initial trading hours, most active SHFE aluminum contract prices kept falling and hit RMB 16,725/mt with...
You can trade in aluminum but not on U.S. futures markets
You can trade just about anything at the CME Group. You can trade everything from precious metals to energy to agricultural products and even the weather at the U.S. top commodities marketplace. But you can't trade aluminum there.
Risk Aversion Hits Markets, Shanghai Bleeds
U.S. crude slid to multi-month lows on Friday while base metals and grains stretched losses and Shanghai commodity futures plunged as investors fled riskier assets on mounting concerns about a slowing global economy. London copper dropped more than 2 percent and Shanghai-traded aluminium and zinc...
SMM Brief Review - 2011/8/5 Aluminum Futures
Due to plunging commodity prices over night, most active SHFE 1110 aluminum contract prices opened lower at RMB 17,800/mt on August 5th. Within ten minutes after opening, most active SHFE aluminum contract prices fell and stopped at RMB 17,485/mt with positions falling by over 10,000 lots due to...
SMM Daily Review - 2011/8/4 Base Metals Market
After opening at RMB 18,460/mt on August 4th, most active SHFE 1110 aluminum contract prices quickly plunged to below 5-day and 10-day moving averages in the morning session, and closed at RMB 18,135/mt, down RMB 335/mt from previous trading day after a slight rebound. Market confidence turned low...
LME Aluminum Trading Rose 37% in July From Year Earlier
Trading of aluminum futures and options on the London Metal Exchange surged almost 37 percent in July from a year earlier, according to figures from the exchange. Following are monthly futures and options trading volumes for selected metals on the LME.
South China Aluminum: Market transactions Sluggish after Futures Plunge
After SHFE aluminum prices plunged in the morning session, spot aluminum prices in Nanhai fell in response. Selling interest was low among goods holders due to drastic price fall, downstream buyers also took a wait-and-see attitude, and market transactions were slightly sluggish as a result....
SMM Brief Review - 2011/8/4 Aluminum Futures
After opening at RMB 18,460/mt on August 4th, most active SHFE 1110 aluminum contract prices quickly plunged to below 5-day and 10-day moving averages in the morning session, and closed at RMB 18,135/mt, down RMB 335/mt from previous trading day after a slight rebound. Market confidence turned low...
East China Aluminum: Traders Selling Interest Low after Futures Plunge
Trading prices spot aluminum in Shanghai were between RMB 18,400-18,430/mt on August 4th, with premiums of positive RMB 50-80/mt over SHFE current-month aluminum prices. Low-iron aluminum was traded between RMB 18,510-18,530/mt. Trading prices of spot aluminum in Wuxi were between RMB...
SMM Daily Review - 2011/8/3 Base Metals Market
Most active SHFE 1110 aluminum contract prices opened lower at RMB 18,285/mt on August 3rd, and surged later with strong long momentum to above the 5-day moving average. Most active SHFE aluminum contract prices climbed to RMB 18,500/mt after positions rose by over 20,000 lots, and finally closed...
SMM Daily Review – 2011/8/2 Base Metals Market
As LME aluminum prices fell overnight, most active SHFE 1110 aluminum contract prices opened lower at RMB 18,350/nt on August 2nd. After sluggish Shanghai Composite Index forced some longs to exit the market, with total positions of SHFE 1110 aluminum contracts decreasing by 14,000 lots, SHFE...
