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...
Grow with
AL Circle
SMM Daily Review - 2010/10/22 Base Metals Market
... SHFE 1101 aluminum contract prices opened at an intraday low of RMB 16,330/mt on Friday, and then moved steadily with sluggish transactions. SHFE 1101 aluminum contract prices ...
Aluminium futures strengthen on overseas trend
...New Delhi,Aluminium futures prices edged up by 0.29 per cent to Rs 104 per kg today, after tracking gains in base metals overseas amid pick up in spot demand....
SMM Daily Review - 2010/10/20 Base Metals Market
... SHFE 1101 aluminum contract prices opened significantly lower at RMB 16,155/mt ... SHFE 1101 aluminum contract prices regained previous losses, with the highest level and the lowest level at RMB 16,410/mt and RMB 16,130/mt,...
SMM Daily Review - 2010/10/19 Base Metals Market
... SHFE 1101 aluminum contract prices opened high at RMB 16,520/mt, but later lost gains gradually as the Shanghai Stock Exchange composite index fell from high levels. In the afternoon session, ...
SMM Daily Review - 2010/10/18 Base Metals Market
... SHFE aluminum prices opened lower but moved higher on Monday, and SHFE 1101 aluminum contract prices rebounded after opening at RMB 16,390/mt. ...
SMM Daily Review - 2010/10/15 Base Metals Market
... SHFE 1101 aluminum contract prices fell rapidly to as low as RMB 16,320/mt after opening lower at RMB 16,480/mt ....
SMM Daily Review - 2010/10/12 Base Metals Market
... SHFE 1101 aluminum contract prices opened slightly lower at RMB 16,520/mt on Tuesday due to heavy selling pressure, with prices mainly fluctuating in a narrow band. Although the Shanghai Stock Exchange Composite Index (SSE Composite Index) strengthened to 2,843.43 points ...
Aluminum set for sixth weekly gains on robust demand
...MCX Aluminum was trading little changed, headed for a weekly advance as a weaker Dollar made metals cheaper for buyers holding other currencies. Having witnessed optimistic industry demand in global markets Aluminum futures had remained firm in the earlier weeks...
SMM Daily Review - 2010/10/11 Base Metals Market
... SHFE 1101 aluminum contract, the most actively-traded contract, opened higher at RMB 16,350/mt positively affected by LME aluminum prices,...
Aluminum `Probing' Resistance of $2,400, May Test High: Technical Analysis
...Aluminum is “probing resistance” of $2,400 a metric ton and may gain 6.4 percent to this year’s peak, according to a technical analysis by Barclays Capital...
Aluminium marginally up in futures trade
...Aluminium prices are up by 0.29 per cent to Rs 105.55 per kg in futures trading today, as speculators enlarged their positions taking cues from the firm overseas markets amid pick up in spot demand...
MCX Aluminum jump on strong fundaments
...Having witnessed positive global cues Aluminum futures rose to 103 once again after testing a high of 104.10 in earlier week. Aluminum futures rebounded on continuous bull rally in silver futures in past two days. In latest trades at MCX counter Aluminum delivery contract for September opened on...
SMM Daily Review - 2010/9/29 Base Metals Market
... SHFE 1012 aluminum contract prices opened flat at RMB 15,920/mt, and fell again after soaring to RMB 16,000/mt in the morning session. SHFE 1012 aluminum contract prices even dipped to RMB 15,855/mt ....
SMM Daily Review - 2010/9/28 Base Metals Market
... SHFE 1012 aluminum contract prices opened slightly lower at RMB 15,870/mt, but later climbed to RMB 16,000/mt, with prices even hitting an intraday high of RMB 16,020/mt. ...
SMM Daily Review - 2010/9/28 Base Metals Market
... SHFE 1012 aluminum contract prices opened higher at RMB 15,985/mt on Monday, but still lacked upward momentum, with prices mainly fluctuating in a narrow band after falling from a high open in the morning session, and with the lowest prices reported at RMB 15,810/mt. ...
MCX Aluminum to climb at 105 on global footprints
...Aluminum futures succeeded in maintaining the upward rally for the entire last week, as investor’s maintained steady confidence to purchase this metal. Having witnessed a range bound price movement in all Industrial metals, Aluminum futures proved as a market driver among all of the rest...
SMM Daily Review - 2010/9/20 Base Metals Market
... LME aluminum prices, SHFE aluminum prices opened higher on Monday, with SHFE 1012 aluminum contract prices opening at RMB 15,725/mt. SHFE 1012 aluminum ....
SMM Daily Review - 2010/9/17 Base Metals Market
... SHFE aluminum prices were weaker than LME aluminum prices, with SHFE 1012 aluminum contract prices opening slightly higher at RMB 15,655/mt. ...
