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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SMM Daily Review - 2010/12/31 Base Metals Market
... SHFE 1103 aluminum contract prices fluctuated narrowly in the morning after opening flat at RMB 16,755/mt on December 31st. The soaring SHFE copper prices and strongly climbing Shanghai Stock Exchange composite index in the afternoon helped drive up SHFE aluminum prices slightly, and the...
MCX Aluminium gain, rally may continue
... MCX Aluminium Dec contract yesterday traded with the negative node and settled -0.18% down at 110.1. In yesterday's trading session MCX Aluminium Dec contract has touched the low of 109.55 after opened at 110.45, and finally settled at 110.1. ...
SMM Daily Review - 2010/12/30 Base Metals Market
... SHFE 1103 aluminum contract prices moved around the 5-day moving average after opening at RMB 16,740/mt. ... SHFE 1103 aluminum contract prices climbing to RMB 16,820/mt and closing at RMB 16,815/mt, up RMB 90/mt. ....
SMM Daily Review - 2010/12/29 Base Metals Market
... SHFE 1103 aluminum contract prices kept fluctuating narrowly around the 5-day moving average on Monday after opening slightly higher at RMB 16,725/mt, with the highest level and the lowest level at RMB 16,690/mt and RMB 16,760/mt, respectively, and finally closed at RMB 16,745/mt, up 0.24%....
Shanghai Starts Bonded Delivery For Copper & Aluminum Futures
... The Shanghai Futures Exchange started a pilot program on December 24 which allowed copper and aluminum at bonded warehouses at Shanghai's Yangshan port to be delivered against futures contracts, reports shfinancialnews.com. ...
MCX Aluminium may drag up on upside rally
... MCX Aluminium Dec contract yesterday traded with the positive and settled marginally up at 109.65. Yesterday MCX Aluminium Dec contract has touched intraday high of 110.3 on Monday and today MCX Aluminium Dec contract touched an intraday low of 109.65 and last traded at 109.85 up by 0.20...
China Henan Cuts Aluminum Power Supply; May Keep Capacity Idled
... Reduced power supply in China's Henan province due to a coal shortage may lead to delays in bringing idled aluminum capacity ... Benchmark Shanghai Futures Exchange aluminum has gained 2.2% since the start of this month and closed at CNY16,760 a metric ton Thursday. ...
SMM Daily Review - 2010/12/24 Base Metals Market
... SHFE 1103 aluminum contract prices dipped steadily after opening slightly lower at RMB 16,755/mt, with prices dipping to a low of RMB 16,670/mt. Later, SHFE 1103 aluminum contract prices rallied following other base metals prices, and finally closed at RMB 16,740/mt, down RMB 0.27%. ..
Commodity Outlook for Aluminium by KediaCommodity
...Aluminium yesterday traded with the positive node and settled 0.99% up at 110.75. Although base metals prices lost gains during the day, the strong buying at the low-end of price range helped support aluminum prices...
SMM Daily Review - 2010/12/23 Base Metals Market
... SHFE 1103 aluminum contract prices opened higher at RMB 16,750/mt, and later climbed rapidly to break through RMB 16,800/mt. Although SHFE 1103 aluminum contract prices fell slightly to hit a low of RMB 16,705/mt ...
SMM Daily Review - 2010/12/21 Base Metals Market
... SHFE 1103 aluminum contract prices opened slightly higher at RMB 16,605/mt, and were weaker in the morning session,... RMB 16,640/mt and RMB 16,560/mt, respectively, and finally SHFE 1103 aluminum contract prices ended at RMB 16,630/mt, up RMB 30/mt. ...
SMM Daily Review - 2010/12/20 Base Metals Market
... SHFE 1103 aluminum contract prices advanced further after opening higher at RMB 16,605/mt supported by strengthening LME aluminum prices, ... after facing resistance at RMB 16,670/mt, with prices dipping a low of RMB 16,525/mt. SHFE 1103 aluminum contract prices finally closed at RMB 16,550/mt,...
SMM Daily Review - 2010/12/17 Base Metals Market
... SHFE 1103 aluminum contract prices, the most active one, opened at RMB 16,540/mt and closed at RMB 16,570/mt, up RMB 15/mt, with the highest and lowest level of RMB 16,605/mt and RMB 16,540/mt, respectively. ...
SMM Daily Review – 2010/12/14 Base Metals Market
... SHFE 1103 aluminum contract prices opened at a high of RMB 16,585/mt on Tuesday, but withdrawal of long positions after profit-taking caused aluminum prices to fall rapidly. SHFE 1103 aluminum contract prices hit a low of RMB 16,495/mt, and later fluctuated narrowly around RMB 16,500/mt, and...
SMM Daily Review – 2010/12/13 Base Metals Market
... SHFE 1103 aluminum contract prices opened slightly lower at RMB 16,400/mt on Monday, but later advanced steadily driven up by other base metals prices, and stabilized above short-term moving averages. SHFE 1103 aluminum contract prices climbed further to RMB 16,585/mt in the afternoon session,...
SMM Daily Review – 2010/12/9 Base Metals Market
... SHFE 1103 aluminum contract prices opened higher at RMB 16,545/mt positively affected by soaring LME aluminum prices, but later fell rapidly due to profit-taking by long investors and low optimistic sentiment. In addition, ... SHFE 1103 aluminum prices moved lower gradually, with the highest...
SMM Daily Review – 2010/12/8 Base Metals Market
... SHFE 1103 aluminum contract prices opened slightly lower at RMB 16,420/mt, and later climbed to RMB 16,455/mt. However, the Shanghai Stock Exchange composite index remained weak, and SHFE 1103 aluminum contract prices slipped gradually as well, with the lowest prices reported at RMB 16,355/mt,...
Aluminium futures down 0.86 pc on global cues
...Aluminium futures traded 0.86 per cent lower at Rs 103.50 per kg today, as speculators offloaded their holdings amid a weak trend at the London Metal Exchange ...
