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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MCX Aluminium likely to continue its uptrend
...MCX Aluminium March contract has been on continues buying mode since last two weeks. 14 days RSI in daily chart is at 54 which suggest Aluminium future prices are likely to rise further. It tested higher levels of 117.55 during the previous week...
SMM Daily Review - 2011/3/28 Base Metals Market
... SHFE 1106 aluminum contract prices became the most actively traded contract on Monday. Positively affected by strengthening LME aluminum prices, SHFE 1106 aluminum contract prices opened slightly higher at RMB 16,920/mt, ...
SMM Daily Review - 2011/3/25 Base Metals Market
... SHFE 1105 aluminum contract prices opened flat at RMB 16,740/mt on Friday, with prices fluctuating higher to test the resistance at RMB 16,800/mt. In the afternoon session, LME aluminum prices rebounded, helping SHFE 1105 aluminum contract prices stand above the RMB 16,800/mt ...
SMM Daily Review - 2011/3/23 Base Metals Market
... SHFE 1105 aluminum contract prices opened slightly higher at RMB 16,660/mt on Wednesday. Later, as the Shanghai Stock Exchange composite index held steady at 2,900 points, and LME aluminum prices strengthened to test USD 2,600/mt, ...
SMM Daily Review - 2011/3/22 Base Metals Market
... SHFE 1105 aluminum contract prices opened slightly higher at RMB 16,610/mt on Tuesday, and later fluctuated higher, with prices losing some gains at the tail of trading and finally closing at RMB 16,660/mt, ...
MCX Aluminium may continue its uptrend
...MCX Aluminium March contract has been on continues buying mode since last few trading sessions. It traded above 21 days exponential moving average which suggests Aluminium future prices are likely to rise further...
SMM Daily Review - 2011/3/21 Base Metals Market
... SHFE 1105 aluminum contract prices opened slightly higher at RMB 16,570/mt on Monday, and later kept fluctuating narrowly, with heavy pressure reported at RMB 16,600/mt. ...
SMM Daily Review - 2011/3/18 Base Metals Market
... SHFE 1105 aluminum contract prices climbed rapidly to RMB 16,590/mt after opening higher at RMB 16,525/mt on Friday. Although SHFE aluminum prices lost some gains as the Shanghai Stock Exchange ... SHFE 1105 aluminum contract prices moved steadily and closed higher at RMB 16,550/mt, up RMB...
Aluminum’s Contango Steepens as Oil Prices Advance, BofA Says
...-Aluminum futures moved more deeply into contango in the last few weeks on concern that higher oil prices may boost production costs, according to Bank of America Merrill Lynch...
SMM Daily Review - 2011/3/17 Base Metals Market
... SHFE 1105 aluminum contract prices slipped continuously following other base metals prices after opening lower at RMB 16,460/mt, with prices even falling below RMB 16,400/mt. Although SHFE 1105 aluminum contract prices ...
SMM Daily Review - 2011/3/16 Base Metals Market
... SHFE 1105 aluminum contract prices opened slightly higher at RMB 16,600/mt on Wednesday, and later dipped rapidly to a low of RMB 16,470/mt, with prices fluctuating weakly below the daily moving average. In the afternoon session, ....
SMM Daily Review - 2011/3/11 Base Metals Market
... SHFE 1105 aluminum contract prices to lose previous gains. Finally, SHFE 1105 aluminum contract prices closed at RMB 16,760/mt, down RMB 5/mt compared with the previous trading day, or down 0.03%. ....
Futures market survey: 80 pct bearish about Shanghai aluminum on Wed
...About 80 percent of futures experts surveyed by the China Finance Corporation are bearish about aluminum futures traded on the Shanghai Futures Exchange (SHFE) on Wednesday, while 20 percent expect range-bound trading...
SMM Daily Review - 2011/3/9 Base Metals Market
... SHFE 1105 aluminum contract prices climbed gradually to a high of RMB 16,845/mt after opening higher at RMB 16,765/mt, and finally closed at RMB 16,825/mt, up over RMB 100/mt or 0.66%. ...
SMM Daily Review - 2011/3/8 Base Metals Market
... SHFE aluminum prices opened significantly lower following other base metals prices on Tuesday, with prices falling below all moving averages and testing a low set in November 2010. SHFE 1105 aluminum contract prices opened at RMB 16,735/mt, ...
SMM Daily Review - 2011/3/4 Base Metals Market
... SHFE 1105 aluminum contract prices opened slightly lower at RMB 16,980/mt on Friday, and later climbed rapidly to RMB 17,060/mt following other base metals prices. Later, SHFE 1105 aluminum contract prices edged down and kept fluctuating around RMB 17,000/mt, ....
SMM Daily Review – 2010/3/3 Base Metals Market
... SHFE 1105 aluminum contract prices opened flat at RMB 16,975/mt on Thursday, and later climbed to RMB 17,030/mt in the morning session following SHFE zinc prices. Later, SHFE 1105 aluminum contract prices ....
MCX Aluminum may continue its uptrend
...Commodity Online reported that MCX Aluminum March contract has been on continues buying mode since last 3 trading sessions. It tested higher levels of 116.50 during the previous week. It remained above 21 days exponential moving average which suggests more buyers...
