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 likely to regain its strength?
... Aluminum traded higher last week at MCX following optimistic overseas market trends. Aluminum futures stayed in green territory and closed at 112.40 rupees per Kilogram. ...
SMM Daily Review - 2011/1/31 Base Metals Market
... SHFE 1104 aluminum contract prices opened high at above the 60-day moving averages on Monday, and rallied all the way along with rising prices of other base metals and strengthening stocks prices. Finally, SHFE 1104 aluminum contract prices closed at a daily high level of RMB 16,925/mt. ...
Aluminum May Gain to $2,541
...Aluminum may climb to its January high of $2,541 a metric ton as the daily momentum is “rolling higher,” according to technical analysis by Barclays Capital...
SMM Daily Review - 2011/1/24 Base Metals Market
... SHFE 1104 aluminum contract prices climbed slightly after opening slightly higher at RMB 16,865/mt on Monday, ... SHFE 1104 aluminum contract prices hit an intraday high of RMB 16,900/mt but touched an intraday low of RMB 16,835/mt, and finally closed at RMB 16,850/mt, ....
MCX Aluminium gets profit booking symptoms, falls marginally
... MCX Aluminium Jan contract yesterday traded with the negative sentiments and settled down at 110.35. It touched intraday low of 109.75 on Wednesday and today reached an intraday low of 109.10 and last traded at 109.90 down by 0.45 rupees. ...
Aluminium futures slip on subdued demand
... Aluminium futures prices traded lower by paise 30 to Rs 111.30 per kg in futures trading today due to reduced offtake by speculators following fall in demand in the spot market. ...
SMM Daily Review – 2010/1/19 Base Metals Market
... SHFE 1104 aluminum contract prices opened slightly higher at RMB 16,845/mt on Wednesday, and later kept rising supported by strengthening Shanghai Stock Exchange composite index, with prices hitting a high of RMB 16,920/mt and later falling back to RMB 16,900/mt, ....
SMM Daily Review – 2010/1/17 Base Metals Market
... SHFE 1104 aluminum contract prices opened slightly higher at RMB 16,950/mt on Monday, but later fell gradually as the Shanghai Stock Exchange composite index fell below 2,700 points. SHFE 1104 aluminum contract prices hit a high of RMB 16,990/mt and touched a low of RMB 16,860/mt, and finally...
SMM Daily Review – 2010/1/14 Base Metals Market
... SHFE 1104 aluminum contract prices fell to RMB 16,695/mt after opening, and weakened again after briefly climbing to RMB 17,000/mt, with the lowest prices reported at RMB 16,895/mt, and finally SHFE 1104 aluminum contract prices closed at RMB 16,950/mt, down RMB 65/mt. ....
SMM Daily Review - 2011/1/13 Base Metals Market
... SHFE 1104 aluminum contract prices opened at RMB 17,060/mt and moved lower after briefly reaching RMB 17,095/mt, down as low as RMB 17,005/mt. Finally, the aluminum for delivery in three months closed at RMB 17,015/mt, down RMB 35/mt, ...
SMM Daily Review - 2011/1/12 Base Metals Market
... SHFE 1104 aluminum contract became the most actively traded contract on Wednesday. SHFE 1104 aluminum contract prices briefly soared to RMB 17,120/mt after opening higher at RMB 17,035/mt, but later lost previous gains gradually, with the prices even hitting a low of RMB 16,990/mt. ...
SMM Daily Review - 2011/1/11 Base Metals Market
... SHFE 1103 aluminum contract prices opened slightly lower at RMB 17,050/mt in the morning session, ... and finally closed at RMB 17,010/mt, down RMB 70/mt compared with the previous trading day, or down 0.41%. ...
MII: 2010 Nonferrous Metals First Up then Down, Run high
... In January Aluminum, Zinc 3-month Futures respectively reached the highest close price 18,260Yuan per ton and 21,740 Yuan per ton during the year, but then dropped. In June, Aluminum, Zinc 3-month Futures respectively slipped to the year lowest 14,080Yuan per ton and 13,810Yuan per ton. On...
SMM Daily Review - 2011/1/10 Base Metals Market
... SHFE 1103 aluminum contract prices opened slightly lower at RMB 16,905/mt in the morning session, and later gradually fell after soaring to RMB 17,005/mt briefly. The weakening Shanghai Stock Exchange composite index weighed down SHFE aluminum prices, and SHFE 1103 aluminum contract prices fell...
SMM Daily Review - 2011/1/7 Base Metals Market
... SHFE aluminum prices plummeted in response, with prices even breaking through all moving averages and hitting a low of RMB 16,545/mt. SHFE 1103 aluminum contract prices finally closed at RMB 16,850/mt, and trading sentiment was very bullish, with total trading volumes reaching 180,000 lots. ...
SMM Daily Review - 2011/1/6 Base Metals Market
... SHFE aluminum prices strengthened on Thursday, with SHFE 1103 aluminum contract prices soaring after opening at RMB 16,870/mt in the morning session. SHFE 1103 aluminum contract prices climbed to RMB 17,000/mt, ...
Aluminium futures down 0.44 pct
...Aluminium futures prices traded 0.44 per cent lower at Rs 112.65 per kg on Wednesday, in tandem with a weakening trend at the London Metal Exchange (LME). Stronger dollar reduced appeal for metals and other commodities...
SMM Daily Review - 2011/1/4 Base Metals Market
... SHFE 1103 aluminum contract prices only opening at RMB 16,835/mt, SHFE 1103 aluminum contract prices surged in the afternoon session to hit RMB 16,975/mt, and finally closed at RMB 16,895/mt, up RMB 105/mt. Transactions on SHFE aluminum market improved on the first trading day of 2011, ...
