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 – 2010/12/7 Base Metals Market
... 1103 aluminum contract prices dipped continuously to RMB 16,410/mt after opening slightly lower at RMB 16,455/mt. SHFE 1103 aluminum contract prices rebounded following recovering Shanghai Stock Exchange composite index, and finally closed at RMB 16,505/mt, ...
MCX Aluminium suffer some profit booking
...MCX Aluminium Dec contract prices jumped lower on Friday. MCX Aluminium Dec contract has touched intraday high of 107 on Friday and closed at 104.65. This morning MCX Aluminium Dec contract opened at Rs 105.1, and last traded at Rs104.40 down by 0.35 rupees...
SMM Daily Review – 2010/12/6 Base Metals Market
... SHFE aluminum prices continued to fluctuate in a narrow band, and trading sentiment remained sluggish. SHFE 1103 aluminum contract prices briefly climbed to RMB 16,540/mt after opening slightly higher at RMB 16,510/mt, and later followed the Shanghai Stock Exchange composite index trends, with...
SMM Daily Review – 2010/12/3 Base Metals Market
... SHFE 1103 aluminum contract prices dipped gradually after opening lower at RMB 16,505/mt, hitting a low of RMB 16,440/mt. SHFE 1103 aluminum contract prices briefly climbed to RMB 16,560/mt in the afternoon as the Shanghai Stock Exchange composite index recovered, ....
Aluminium futures down 0.52%
...Aluminium futures traded 0.52 per cent lower at Rs 105.70 per kg today, as speculators reduced their holdings at prevailing levels even as metal strengthened overseas in the previous session...
Indian aluminum futures lower at INR 106 per kilogram
...PTI reported that Indian aluminum futures traded 0.52% lower at INR 105.70 per kilogram as speculators reduced their holdings at prevailing levels even as metal strengthened overseas in the previous session...
MCX Aluminium settles marginally higher
...MCX Aluminium Dec contract prices jumped marginally on Tuesday. Investors showed huge buying interests in the industrial metal after the US reported positive macro economic data joined with a healthier demand prospects for the metal. MCX Aluminium Dec contract has touched a low of Rs 103.9 a kg...
SMM Daily Review - 2010/12/1 Base Metals Market
... SHFE 1102 aluminum contract prices opened slightly lower at RMB 16,190/mt, and were weaker than other base metals prices in the morning session, with the lowest prices reported at RMB 16,150/mt. SHFE 1102 aluminum contract prices climbed to RMB 16,220/mt in the afternoon session driven up by...
SMM Daily Review - 2010/11/26 Base Metals Market
.. SHFE 1102 aluminum contract prices opened slightly lower at RMB 16,260/mt, and later slumped following other base metals prices after briefly surging to RMB 16,305/mt, with prices dipping to a low RMB 16,095/mt. ... SHFE 1102 aluminum contract prices moved steadily, and finally closed at RMB...
Aluminium futures gain 0.15% on higher global trend
...Aluminium futures prices edged up by 0.15 per cent to Rs 102.50 per kg today, as speculators increased their holdings influenced by a firm global trend. Increased demand in the spot market further fuelled the uptrend...
MCX Aluminium likely to fall further
...Commodity reported that MCX Aluminium November contract future prices had closed at 103 per kilogram down by INR 0.05 against previous close of 103.05. MCX Aluminium November contract opened down at 102.90 this morning and last traded at 102.10 down by INR 0.90 as selling pressure seen in the...
SMM Daily Review - 2010/11/24 Base Metals Market
... SHFE 1102 aluminum contract prices continued to open lower at RMB 16,210/mt on Wednesday, and later dipped to RMB 16,185/mt. ... RMB 16,290/mt, up 0.22%. Trading sentiment was sluggish, with trading volumes only 33,122 lots. SMM predicts SHFE 1102 aluminum contract prices ...
SMM Daily Review - 2010/11/23 Base Metals Market
.. SHFE 1102 aluminum contract prices climbed to RMB 16,405/mt after opening slightly lower at RMB 16,350/mt, ... SHFE 1102 aluminum contract prices dipping to RMB 16,120/mt, down RMB 235/mt or 1.43%. Positions continued to fall. ...
SMM Daily Review - 2010/11/22 Base Metals Market
... SHFE 1102 aluminum contract prices opened at RMB 16,320/mt, and later climbed gradually supported by strong buying at lower prices and strengthening stock markets, with the highest level and the lowest level at RMB 16,480/mt and RMB 16,310/mt, respectively, and finally prices closed at RMB...
SMM Daily Review - 2010/11/19 Base Metals Market
... Shanghai Stock Exchange composite index rebounded. SHFE 1102 aluminum contract prices climbed as a result, with the highest and lowest levels at RMB 16,555/mt and RMB 16,335/mt, respectively, and finally prices closed at RMB 16,490/mt, up RMB 140/mt. ...
SMM Daily Review - 2010/11/18 Base Metals Market
... SHFE 1102 aluminum contract prices briefly climbed to RMB 16,495/mt after opening higher at RMB 16,260/mt on Thursday, and later fluctuated following the Shanghai Stock Exchange composite index movements, with prices finally closing at RMB 16,385/mt, up RMB 245/mt or over 1%. ...
SMM Daily Review - 2010/11/17 Base Metals Market
... SHFE 1102 aluminum contract prices rebounding to RMB 16,365/mt after opening at RMB 16,060/mt. However, SHFE 1102 aluminum contract prices lost support ....
Aluminium futures down 0.32 pc on sluggish spot demand
...Aluminium futures fell by 0.32 per cent to Rs 108.40 per kg today as speculators reduced their exposure amid a weak trend in the spot market on sluggish demand...
