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...
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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China's alumina prices for spot sales inched lower again on January 16, while those for futures contracts slightly rebounded during the nighttime trading session following marked daytime losses. The national average spot price for metallurgical-grade alumina with a purity exceeding 98.6 per cent...
Domestic aluminium prices in India continued to strengthen w-o-w, supported by upward revisions from primary producers amid firm LME and MCX aluminium futures and ongoing global supply concerns. The price increase came despite adequate domestic availability and only moderate downstream demand,...
Futures: On January 15, the SHFE aluminium 2603 contract opened at RMB 24,470 per tonne during the night session. After opening, the price pulled back, reaching a low of RMB 24,015 per tonne, then entered consolidation without breaking the opening price, finally closing at RMB 24,320 per tonne,...
Futures: On the night session of January 13, the SHFE aluminium 2603 contract opened at RMB 24,500 yuan per tonne, closed at RMB 24,780 yuan per tonne, up 1.66 per cent. After opening, it fluctuated upward, hitting a high of RMB 25,005 yuan per tonne, then pulled back and entered consolidation,...
Futures: During the night session on January 12, the SHFE aluminium 2603 contract showed a pattern of retreating after a rapid rise and consolidating at high levels. It opened the night session at RMB 24,750 per tonne, hit a high of RMB 25,075 per tonne, touched a low of RMB 24,280 per tonne, and...
Futures: The aluminium alloy 2603 contract opened at RMB 22,985 per tonne on Friday night, retreated after rapid rise, rose to a high of RMB 23,300 per tonne after opening, then pulled back to a low of RMB 22,945 per tonne and fluctuated rangebound, finally closed at RMB 23,035 per tonne, up 0.22...
Futures: The AD2603 contract for cast aluminium alloy surged to 23,480 before pulling back. On the 4-hour chart, it opened at 23,050, reached a high of 23,050, and a low of 22,560, closing at 22,965, down 70 points (-0.30 per cent) from the previous close. Prices showed signs of a pullback from...
Futures: The aluminium alloy 2603 contract opened at RMB 24,280 per tonne, hit a high of RMB 24,750 per tonne, a low of RMB 24,210 per tonne, and closed at RMB 24,695 per tonne, with a single-day gain of 1.48per cent and an intraday fluctuation range of 2.58per cent (620 points), showing a strong...
Futures: During the night session on January 5, the most-traded SHFE aluminium 2602 contract opened at RMB 23,560 per tonne, reached a high of RMB 24,280 per tonne, touched a low of RMB 23,500 per tonne, and finally closed at RMB 24,165 per tonne, up RMB 520 per tonne or 2.20 per cent from the...
Futures: Due to the New Year holiday, the SHFE aluminium night session did not trade on the last day before the holiday. Before the holiday, the SHFE aluminium daytime session closed at RMB 22,925 per tonne, with prices holding above all key moving averages (MA5 22,918, MA60 22,921.33), showing a...
Futures: The night session closed at RMB 22,615 per tonne, up 0.87 per cent. The price was slightly below the MA5 (22,629) but remained above all key moving averages. The MA5 to MA60 (22,622.25) were highly convergent, indicating a strong consolidation pattern. The MACD lines were above the zero...
India's domestic aluminium prices recorded strong week-on-week gains, supported by upward revisions from primary producers in response to a firmer LME and MCX aluminium complex and renewed global supply concerns. The increase came despite comfortable domestic availability and only a gradual...
Futures: On Friday night, the most-traded cast aluminium alloy contract 2602 opened at RMB 21,310 per tonne, dipped to a low of RMB 21,205 per tonne during the session, then fluctuated upward, hitting a high of RMB 21,580 per tonne, and finally closed at RMB 21,545 per tonne, up RMB 155 per tonne...
Aluminium prices recorded a historic milestone in the futures market with a consistent upward momentum, reflecting a strengthened buying interest on the back of robust spot demand and tightened supply expectations. On the Multi Commodity Exchange ( MCX), aluminium futures for December surged by INR...
Futures: The most-traded cast aluminium alloy 2601 futures contract opened at RMB 21,300 per tonne overnight, hit a high of RMB 21,395 per tonne, touched a low of RMB 21,105 per tonne, and finally closed at RMB 21,190 per tonne, down RMB 45 per tonne. Trading volume was 14,228, a decrease of 8,550...
On December 24, the London Metal Exchange (LME) aluminium price showed a strong upward momentum in cash bid and offer, with a slight uptick on the 3-month and forward contracts as well. However, the LME alumina Platts has slightly inched down. Both the cash bid and offer went up by USD 16 per tonne...
Futures: In the night session on December 23, the SHFE aluminium 2602 contract opened at RMB 22,290 per tonne, reached a high of RMB 22,305 per tonne, a low of RMB 22,055 per tonne, and closed at RMB 22,160 per tonne, down 0.16per cent. Trading volume was 164,000 lots, and open interest was 292,000...
Futures: The most-traded cast aluminium alloy 2601 contract opened at RMB 21,300 per tonne overnight, hit a high of 21,395 per tonne, touched a low of RMB 21,205 per tonne, and finally closed at RMB 21,225 per tonne, down RMB 10 per tonne or 0.05 per cent. Trading volume was 6,905, and open...
