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 futures on a slope and rally may continue at down side
Commodity reported that MCX Aluminum June contract traded with the positive node and settled 0.44% up at 113.5 before the US Federal Reserve said that the pace of economic recovery is slower than expected and it will keep benchmark interest rate at an extraordinary low level in a long term. Ben...
Aluminum inventories decrease in London exchange
Commodity reported that aluminum inventories nose dived yet again on London Metal Exchange today. The inventories saw a decline of 10825 tonnes on LME to 4544725 tonnes. Since beginning of June the inventories have declined by 3.12% from 4691450 tonnes. During this period the prices of 3 month...
Aluminum future may uplift on weak inventory data
Commodity reported that aluminum MCX June contract traded with positive node and settled 0.13% up at 113 taking into account negative inventories from past few days and on news that Greece took further steps not to default and to get additional bailout package from European Union and International...
China overcapacity of electrolytic aluminum to depress price hike
According to statistics, China’s electrolytic aluminum capacity was 23 million tons in 2010 and its actual production was 15.6 million tons. At the same time, the rate of equipment utilization was only at 70%. However, Chinese aluminum smelters’ sales margin was only at 3.59% during January to...
China government considers canceling aluminum rebates
China’s central government may cut its tax rebate for the nation’s aluminum exporters in light of punitive actions taken by the United States. Specifically, tax rebate on exports of certain semi finished aluminum products may be cut to 9% from 13%. The source said that the government may encourage...
China government considers canceling aluminum rebates
China’s central government may cut its tax rebate for the nation’s aluminum exporters in light of punitive actions taken by the United States. Specifically, tax rebate on exports of certain semi finished aluminum products may be cut to 9% from 13%. The source said that the government may encourage...
Aluminum Bookings Advance From LME Warehouses Across Asia
Bookings to remove aluminum held in warehouses in Asia have surged to the highest level in at least 13 years, prompting speculation that record fees for supplies in the U.S. and Europe may be drawing away inventories. So-called canceled warrants from Asian stockpiles monitored by the London Metal...
Aluminium futures likely to trade higher on MCX
MCX Aluminium yesterday traded with the positive node and settled 1.66% up at 114.75 as rising crude oil prices helped push up Aluminium prices to a high of 115.45, but high inventories caused LME Aluminium prices to trim some gains. Market sentiment will remain sluggish in view of rising cash flow...
Aluminium futures up 0.44% in range-bound trade
In range-bound movements, aluminium traded 0.44% higher in futures trading today in line with a firming trend at the London Metal Exchange. At the Multi Commodity Exchange counter, aluminium for delivery in July gained 50 paise, or 0.44% to Rs 114.50 per kg, with a business turnover of three lots....
Imports of aluminum turn negative in China
India Infoline reported that China imports data has not given any ray of hope for the traders who were desperately awaiting the data after the yesterday's downgrade of Greece rating by S&P and unenthusiastic buying. The monetary tightening measures in China seemed to work well for the imports....
Imports of aluminum turn negative in China
India Infoline reported that China imports data has not given any ray of hope for the traders who were desperately awaiting the data after the yesterday's downgrade of Greece rating by S&P and unenthusiastic buying. The monetary tightening measures in China seemed to work well for the imports....
Imports of aluminum turn negative in China
India Infoline reported that China imports data has not given any ray of hope for the traders who were desperately awaiting the data after the yesterday's downgrade of Greece rating by S&P and unenthusiastic buying. The monetary tightening measures in China seemed to work well for the imports....
Imports of aluminum turn negative in China
India Infoline reported that China imports data has not given any ray of hope for the traders who were desperately awaiting the data after the yesterday's downgrade of Greece rating by S&P and unenthusiastic buying. The monetary tightening measures in China seemed to work well for the imports....
SMM Daily Review - 2011/4/29 Base Metals Market
... SHFE 1107 aluminum contract prices soared to a high of RMB 16,880/mt after opening slightly higher at RMB 16,860/mt on Friday, but other base metals prices weakened, dampening upward momentum in SHFE aluminum prices and allowing SHFE 1107 aluminum contract prices to fluctuate narrowly around...
SMM Morning Review - 2011/5/3 Aluminum Market
... SHFE aluminum prices opened slightly higher, ... SHFE aluminum prices fell following other base metals prices, with SHFE 1107 aluminum contract prices fluctuating narrowly around the 5-day moving average. SMM predicts SHFE 1107 aluminum contract prices will move between RMB 16,750-16,900/mt...
Aluminum shows slight weakness after negative opening
...Aluminium Prices at MCX, May contract has shown some fresh buying sentiments in earlier week but, today it is trading with the mixed sentiments...
Aluminium plunges on profit booking
...Aluminium yesterday traded with the negative node and settled -0.2% down at 122.55 as speculators booked profits at existing higher levels due to sluggish demand...
Aluminium futures soften on profit-taking
...Aluminium prices moved down by 0.61 per cent to Rs 121.90 per kg in futures trading today as speculators booked profits at existing higher levels due to sluggish demand...
