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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Futures: In the night session on March 16, the SHFE aluminium 2605 contract opened at RMB 24,975 per tonne, hit an intraday high of RMB 25,080 per tonne and a low of RMB 24,865 per tonne, and finally closed at RMB 24,970 per tonne, down RMB 200 per tonne from the previous close, or 0.79per cent....
The SHFE aluminium 04 contract opened higher and extended gains today, while market transactions were relatively sluggish. Futures later fell, and as buying sentiment strengthened and price acceptance improved, transaction prices in the spot market moved higher. Today’s mainstream quotations and...
On March 16, the London Metal Exchange (LME) aluminium price, even after being amidst the war and supply crunch due to the temporary closure of the Strait of Hormuz, after days of an upward rising trend, has calmed down. However, at the longer dated contracts, the LME price seems to continue its...
Futures: In the night session on March 13, the SHFE aluminium 2605 contract opened at RMB 25,130 per tonne, hit an intraday high of RMB 25,200 per tonne and a low of RMB 24,960 per tonne, and finally closed at RMB 24,965 per tonne, down RMB 105 per tonne, or 0.42 per cent, from the previous close....
Futures: The night session on March 11 closed at RMB 25,315 per tonne, up 0.68 per cent, extending its strength. Prices held above all moving averages, with MA5 (25,015) and MA10 (24,689) in a bullish alignment, keeping the medium-term uptrend intact. The MACD indicator showed DIF (349.81) and DEA...
On March 10, the London Metal Exchange (LME) aluminium price, amidst the ongoing geopolitical tension and the temporary closure of the Strait of Hormuz trade route, experienced a significant change, especially on the inventory side. Moreover, there is a mixed signal in the futures aluminium prices,...
Futures: The most-traded SHFE aluminium 2604 contract closed at RMB 24,850, still well above long-term moving averages such as MA30 (24,251.09) and MA60 (23,585.42), indicating that the medium- and long-term uptrend has not yet reversed. However, in the MACD indicator, although the DIF line...
By the close of Friday's daytime trading session, the most-traded May nickel futures contract had fallen by 3.1 per cent from a week earlier to RMB 137,140 per tonne (USD 19,883 per tonne), the most-traded April copper contract declined by 2.8 per cent on the week to RMB 101,050 per tonne. In...
Futures: Last Friday, the most-traded SHFE aluminium contract closed at RMB 25,180 per tonne, surging 2.55 per cent. The price strongly broke above all moving-average systems, with MA5 (24,682), MA10 (24,302.5), and MA20 (23,935.5) forming a standard bullish alignment, confirming a clear...
SMM Morning Meeting Minutes: Futures: In the night session on March 5, the most-traded SHFE aluminium 2604 contract opened at RMB 24,640 per tonne, hit an intraday high of RMB 24,830 per tonne and a low of RMB 24,280 per tonne, and finally closed at RMB 24,435 per tonne, down RMB 380 per tonne from...
Futures: During the night session on March 4, the most-traded SHFE aluminium 2604 contract opened at RMB 25,100 per tonne, hit an intraday high of RMB 25,380 per tonne, dipped to a low of RMB 24,915 per tonne, and finally closed at RMB 25,145 per tonne, up RMB 350 per tonne from the previous close,...
Futures: On the night session of February 27, the most-traded SHFE aluminium 2604 contract opened at RMB 23,815 per tonne, reaching a high of RMB 23,885 per tonne and a low of RMB 23,710 per tonne, finally closing at RMB 23,730 per tonne, down RMB 105 per tonne or 0.44 per cent from the previous...
Futures: The most-traded alumina 2605 futures contract opened at RMB 2,879 per tonne overnight, hit a high of RMB 2,883 per tonne, touched a low of RMB 2,850 per tonne, and finally closed at RMB 2,874 per tonne, up RMB 4 per tonne from the previous day. Open interest increased by 8,601 lots to...
Futures: The most-traded AD2604 contract for cast aluminium alloy closed at RMB 22,275 per tonne overnight, down RMB 45 per tonne, or 0.20 per cent, from the previous trading day. It opened at RMB 22,305 per tonne, hitting a high of RMB 22,435 per tonne and a low of RMB 22,235 per tonne. Trading...
On February 23, the week started with a rise in the London Metal Exchange (LME) aluminium price . However, the 3-month Asian Reference Price reflected a downturn in the price with the opening of the week and the previous day’s close. The LME inventory also declined, while the alumina platts price...
Aluminium futures price currently reached INR 307 per kg. At the beginning of the month, the contracts were recorded in a stable situation, remaining in a stable range. M-o-M aluminium futures movement As the market witnessed fluctuations in the January second half, traders on both the bullish and...
Taiwan and Hong Kong are set to be added as the new aluminium warehouse locations on the Chicago Mercantile Exchange (CME) , according to three sources. This marks a move by CME to step up its challenge to the London Metal Exchange (LME) in Asia, particularly in locations that account for...
Futures: The most-traded aluminium alloy 2604 contract opened at RMB 22,305 per tonne overnight, with a high of RMB 22,385 per tonne, a low of RMB 22,085 per tonne, and closed at RMB 22,140 per tonne, down slightly by 0.54 per cent. Spot-Futures Price Spread Report: According to SMM data, on...
