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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Aluminium futures likely to surge on buying sentiments
...MCX Aluminium March contract yesterday traded with the positive and finally settled at 116.75. The euro continued to strengthen due to strong expectations that the ECB will raise the interest rates, and the US dollar index weakened in response...
SMM Daily Review – 2010/2/28 Base Metals Market
... SHFE 1105 aluminum contract prices opened slightly higher at RMB 17,160/mt on Monday, and later moved below the daily moving average in the morning session due to weak stock markets, with prices hitting a low of RMB 17,080/mt ....
Heavy selling drags Aluminium futures to red zone
...AHMEDABAD (Commodity Online): MCX Aluminium Feb contract yesterday traded with the positive up by 0.83% and finally settled at 114.45. The US Labor Department announced on Thursday that the initial jobless claims fell to 390,000 last week, slightly lower than the expected 400,000. In addition,...
Indian aluminum futures marginally up on spot demand
...ET reported that in restricted movement, Indian aluminum traded higher by 0.70% to INR 115.40 per kilogram in futures trading largely supported by firm spot demand amid short covering by speculators...
MCX Aluminum weakens on selling pressure
...Commodity reported that MCX Aluminum February contract opened at 114.40 per Kilogram against previous close of 114.85. It tested lower levels of 112.50 during the day. It last traded at 112.70 down by INR 2.20...
MCX Aluminium weakens on selling pressure
...MCX Aluminium February contract opened at 114.40 per Kg against previous close of 114.85. It tested lower levels of 112.50 during the day. It last traded at 112.70 down by 2.20 rupees...
SMM Daily Review - 2011/2/22 Base Metals Market
... SHFE 1105 aluminum contract prices opened higher at RMB 17,315/mt on Tuesday, and later briefly climbed to RMB 17,440/mt. However, as the Shanghai Stock Exchange composite index failed to hold steady at 2,900 points, ....
Indian aluminum futures edge up on global cues
...PTI reported that Indian aluminum prices rose by 0.66% to INR 115.25 per kilogram in the futures trading tracking firming trend overseas amid pick up in spot demand...
SMM Daily Review - 2011/2/21 Base Metals Market
... SHFE 1105 aluminum contract prices climbed continuously after opening higher at RMB 17,205/mt. The Shanghai Stock Exchange composite index returned to 2,900 points, boosting market confidence, and SHFE 1105 aluminum ....
Indian aluminum futures down over 2pct on global cues
...ET reported that Indian aluminum futures prices fell by 1.51% to INR 114.30 per kilogram in futures trade as speculators engaged in reducing their positions in tandem with weakening global trend on demand concern...
SMM Daily Review - 2011/2/16 Base Metals Market
... SHFE 1104 aluminum contract prices opened lower at RMB 16,950/mt on Wednesday, but later returned to RMB 17,000/mt driven up by strong support at the low-end of price range, ....
Indian aluminum futures marginally up on global
... PTI reported that in tight range movements, aluminum traded 0.18% up in futures trading today, tracking firming trend overseas amid pick up in spot demand. At the Multi Commodity Exchange, aluminum for delivery in February gained 20 paise or 0.18% to INR 114.30 per kilogram with a business...
SMM Daily Review - 2011/2/14 Base Metals Market
... SHFE 1104 aluminum contract prices fell to an intraday low of RMB 17,020/mt in the morning session after opening slightly lower at RMB 17,080/mt. Later, SHFE 1104 aluminum contract prices climbed to RMB 17,150/mt ....
SMM Daily Review - 2011/2/11 Base Metals Market
... SHFE 1104 aluminum contract opened slightly higher at RMB 17,065/mt and closed at RMB 17,090/mt, up by RMB 55/mt, or up by 0.32% from a day earlier, ... SHFE aluminum was the only base metal reporting gains on February 11th. SHFE aluminum positions increased to around 60,000 lots, with a large...
Aluminium expected to recoil as investors see positive demand
...MCX Aluminium Feb contract yesterday traded in green during the day and closed at 115.55 up by 0.35% but pressure could be seen at higher levels as China's central bank announced yesterday to raise further lending and deposit interest rate for financial institutions by 25 basis points. But...
SMM Daily Review - 2011/2/9 Base Metals Market
... SHFE aluminum contract fell sharply to below RMB 16,800/mt after opening at USD 17,150/mt due to profit-taking from longs, and slipped again after slight rebound. Slipping pace of SHFE aluminum contract slowed to certain extent, with price finally closing at RMB 16,995/mt, ....
Indian Aluminum futures marginally down
.....ET reported that Indian aluminum traded 0.13% lower in futures trade after speculators offloaded their positions, taking weak cues from global markets.
SMM Daily Review - 2011/2/1 Base Metals Market
... SHFE three-month aluminum contract prices rebounded to RMB 17,000/mt and once hit RMB 17,145/mt boosted by other metal prices, and finally closed at RMB 17,130/mt, up RMB 235/mt from the previous trading day. ....
