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 may gain on high industrial demand
... MCX Aluminum traded higher on Wednesday evening at MCX following overseas market trends, but a strong rupee kept the uptrend limited. Aluminium contract closed at 121.90 rupees per Kilogram in last trade. ...
SMM Daily Review - 2011/4/28 Base Metals Market
... SHFE 1107 aluminum contract prices opened flat at RMB 16,835/mt on Thursday, and later briefly climbed to a high of RMB 16,910/mt driven up by strengthening LME aluminum prices. However, the Shanghai Stock Exchange composite index tumbled later, ...
SMM Daily Review - 2011/4/27 Base Metals Market
... SHFE 1107 aluminum contract prices briefly climbed to a record high of RMB 16,920/mt since April 12th after opening slightly higher at RMB 16,860/mt in the morning session. ...
SMM Morning Review - 2011/4/26 Aluminum Market
... LME aluminum prices opened slightly lower at USD 2,735/mt, and are expected to move between USD 2,700-2,750/mt in view of high crude oil prices. SHFE 1106 aluminum contract prices are expected to fluctuate weakly between RMB 16,650-16,770/mt today, ...
SMM Daily Review - 2011/4/22 Base Metals Market
... SHFE aluminum prices to a low of RMB 16,675/mt. SHFE 1106 aluminum contract prices reversed some losses at the tail of trading, and finally closed at RMB 16,725/mt, down RMB 30/mt or 0.18% compared with the previous trading day. ...
80 pct expect range-trading about Shanghai Aluminum
...About 80 percent of futures experts surveyed by the China Finance Corporation expect range-trading about Aluminum futures traded on the Shanghai Futures Exchange, while the rest 20 percent are bearish about the commodity Wednesday...
Indian aluminum futures up on firm global cues
...PTI reported that supported by a firming trend in the entire base metals pack at the London Metal Exchange, Indian aluminum prices edged up by 0.91% to INR 121.75 per kilogram in futures trading today...
Aluminium settles higher on global cues
...Aluminium yesterday traded with the positive node and settled 0.08% up at 118.25 in the late session initially dipped as Standard & Poor's slapped a negative outlook on the US’s top-notch credit rating on Monday, triggering investor concerns over the US economic growth and raising risk-aversion....
SMM Daily Review - 2011/4/15 Base Metals Market
... SHFE 1106 aluminum contract prices opened at RMB 16,720/mt, with prices hitting a high of RMB 16,765/mt and touching a low of RMB 16,705/mt. SHFE 1106 aluminum contract prices finally closed at RMB 16,710/mt, down RMB 0.24%, ...
SMM Daily Review - 2011/4/14 Base Metals Market
... SHFE 1106 aluminum contract prices opened flat at RMB 16,755/mt on Thursday, and later kept fluctuating in a narrow band due to intense struggles between long and short positions. At the tail of trading, SHFE 1106 aluminum contract prices ...
Futures market survey: 80 pct expect range trading of Shanghai aluminum on Wed
...About 80 percent of futures experts surveyed by the China Finance Corporation, a financial information provider run by Xinhua News Agency, expect range-bound trading of the aluminum futures traded on the Shanghai Futures Exchange (SHFE) on Wednesday, while 20 percent are negative about the...
Futures market survey: 80 pct expect range trading of Shanghai aluminum on Wed
...About 80 percent of futures experts surveyed by the China Finance Corporation, a financial information provider run by Xinhua News Agency, expect range-bound trading of the aluminum futures traded on the Shanghai Futures Exchange (SHFE) on Wednesday, while 20 percent are negative about the...
Aluminium weakens on selling pressure
...Aluminium yesterday traded with the negative node and settled -1.35% down at 118.4 as US dollar index fluctuated narrowly around 75 on Monday, with the low-end rising slightly but pressures at all moving averages strong. ..
SMM Daily Review - 2011/4/12 Base Metals Market
... SHFE 1106 aluminum contract prices opened lower at RMB 16,835/mt, and fell below the 5 and 10-day moving averages, with prices finally closing at RMB 16,780/mt, down RMB 125/mt, or down 0.74%. Trading volumes decreased by 4,196 lots to 295,910 lots. ...
SMM Daily Review - 2011/4/11 Base Metals Market
... SHFE 1106 aluminum contract prices opened slightly higher at RMB 16,890/mt on Monday, and later fluctuated narrowly below the daily moving average after briefly climbing to RMB 16,945/mt, with prices finally closing at RMB 16,880/mt, ...
Aluminium trades up on international market
...Aluminium yesterday traded with the positive node and settled 1.06% up at 117.9. Aluminium rose to $2,685 a tonne, its highest since September 2008, before ending up $29 at $2,670...
SMM Daily Review – 2011/4/6 Base Metals Market
... SHFE 1106 aluminum contract prices opened slightly higher at RMB 16,790/mt on Wednesday, and later rapidly stabilized at RMB 16,800/mt after briefly testing this level, with prices climbing to above 3 near-term moving averages and finally closing at RMB 16,830/mt, ...
SMM Daily Review - 2011/4/1 Base Metals Market
... SHFE 1106 aluminum contract prices opened slightly lower at RMB 16,760/mt, and later struggled around the daily moving average after briefly climbing to an intraday high of RMB 16,810/mt, ...
