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 - 2010/11/15 Base Metals Market
... SHFE 1102 aluminum contract prices advanced rapidly supported by strong buying at lower prices after opening slightly lower at RMB 16,680/mt in the morning session, with the highest prices reported at RMB 16,945/mt. ...
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...
SMM Daily Review - 2010/11/12 Base Metals Market
... SHFE 1102 aluminum contract prices opened at RMB 17,200/mt, and dipped to a low of RMB 16,380/mt, and finally closed at RMB 16,690/mt, down RMB 540/mt, or down 3.13%. ....
Commerce Department: The price of AOO aluminum is up by 0.8% last week
...Commerce department: Last week (from November 1 to 7) the price of AOO aluminium is up by o.8%. The increasing of international aluminum price drives the price the domestic market. Three-month future aluminum price in LME last week is closed at $ 2,450 / ton, up 4.0% than previous week...
Aluminium futures decline on lower global trend
...Influenced by weak global trend, aluminium futures prices declined by Rs 0.95 to Rs 108.30 per kg today on reduced offtake by speculators...
Aluminium futures down 0.55 pc global cues
...New Delhi, Nov 8 (PTI) Tracking weak trend overseas, aluminium futures prices fell 0.55 per cent, to Rs 107.85 per kg today. Weak trend at domestic spot markets due to sluggish demand, also put pressure on the aluminium futures prices...
SMM Daily Review - 2010/11/8 Base Metals Market
... SHFE 1102 aluminum contract prices opening at RMB 17,165/mt. Although the Shanghai Stock Exchange composite index fluctuated higher, the profit-taking by long investors caused SHFE 1102 aluminum contract prices to drop after briefly climbing to RMB 17,200/mt, with prices hitting a low of RMB...
SMM Daily Review - 2010/11/5 Base Metals Market
... SHFE 1102 aluminum contract prices jumped to RMB 16,980/mt after opening, and later advanced rapidly to as high as RMB 17,310/mt. The Shanghai Stock Exchange composite index stabilized at 3,100 points after opening, allowing buyers to enter SHFE aluminum market continuously. SHFE 1102 aluminum...
SMM Daily Review - 2010/11/3 Base Metals Market
... SHFE 1102 aluminum contract prices opened higher at RMB 16,840/mt in the morning session, and later fell back after briefly soaring to RMB 16,910/mt, with the lowest prices reported at RMB 16,700/mt, and finally prices closed at RMB 16,725/mt, only up 0.06%. ...
Aluminum gets hot on industrial demand
...Aluminum future traded steady in last week at the MCX following overseas market trends, but heavy selling pressure in other industrial metals kept uptrend limited. In the last trading session, MCX Aluminum had ended in red at 105.60 per Kilogram...
SMM Daily Review - 2010/11/1 Base Metals Market
... SHFE 1101 aluminum contract prices opened at RMB 16,505/mt, with the highest level and the lowest level at RM 16,665/mt and RMB 16,500/mt, and finally closed at RMB 16,560/mt, up RMB 100/mt compared with the pervious trading day, or up 0.61%. ...
SMM Daily Review - 2010/11/2 Base Metals Market
... SHFE 1101 aluminum contract prices slipped gradually in the morning session after opening lower at RMB 16,555/mt,... RMB 16,650/mt and RMB 16,460/mt, respectively, and finally prices closed at RMB 16,525/mt, down RMB 55/mt, or down 0.33%. ...
Aluminium futures down 0.38 pc on global cues
...ET reported that tracking weak trend overseas on slowing purchases, aluminium futures prices fell by 0.38% to INR 105.10 per kilogram...
SMM Daily Review - 2010/10/29 Base Metals Market
... SHFE 1101 aluminum contract prices opening at RMB 16,415/mt. SHFE 1101 aluminum contract prices ... and finally SHFE 1101 aluminum contract prices closed at RMB 16,420/mt, down RMB 20/mt, or down 0.12%. ...
SMM Daily Review - 2010/10/28 Base Metals Market
... SHFE 1101 aluminum contract prices opened lower at RMB 16,385/mt on Thursday, ... RMB 16,495/mt and RMB 16,350/mt, respectively, and finally prices closed at RMB 16,425/mt, down RMB 140/mt compared with the previous trading day, or down 0.85%. ...
SMM Daily Review - 2010/10/27 Base Metals Market
... SHFE 1101 aluminum contract prices opened slightly higher at RMB 16,745/mt, and later fell continuously following the Shanghai Stock Exchange composite index after briefly climbing to RMB 16,765/mt, ...
Indian aluminium prices up in future trade
...FT reported that Indian aluminium prices edged up by 0.53% to INR 104.90 per kilogram in futures trade on fresh buying in tandem with a firming trend in other base metals overseas...
SMM Daily Review - 2010/10/26 Base Metals Market
... SHFE aluminum prices on Monday, with SHFE 1101 aluminum contract prices opened high at RMB 16,620/mt. SHFE 1101 aluminum contract prices ...
