ADC12 consolidates on a strong note as costs rise and orders see marginal improvement
Aluminium scrap: This week, China's aluminium scrap market price centre edged up alongside primary aluminium. As of September 10, SMM A00 aluminium prices closed at RMB 24,560 per tonne, up RMB 210 per tonne from RMB 24,350 per tonne last Thursday. Domestic aluminium scrap prices followed with...
Aluminium fluoride prices rise on cost support; premium for high-grade supply widens
This week, trading sentiment in China's aluminium fluoride enterprises was moderate, and aluminium fluoride prices continued to rise. As of now, SMM mainstream quotations for aluminium fluoride stand at RMB 11,500-12,300 per tonne; cryolite spot prices firmed, with SMM cryolite quotations at RMB...
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SMM Daily Review – 2011/8/16 Base Metals Market
Most active SHFE 1111 aluminum contract prices opened lower at RMB 17,340/mt on August 16th. During the trading day, strong short momentum forced long capital to exit with positions falling by 4,218 lots following previous increase. Mainstream trading prices also fell below the 60-day moving...
SMM Morning Review – 2011/8/17 Aluminum Market
The Federal Statistical Office of Germany announced on August 16th Tuesday that GDP growth of the second quarter fell to 0.1%, which was much lower than market expectations, indicating a dim future for European top economy. It also added to risks of spreading of the European debt crisis. Meanwhile,...
SMM Daily Review – 2011/8/16 Aluminum Market
Most active SHFE 1111 aluminum contract prices opened lower at RMB 17,340/mt on August 16th. During the trading day, strong short momentum forced long capital to exit with positions falling by 4,218 lots following previous increase. Mainstream trading prices also fell below the 60-day moving...
SMM Brief Review - 2011/8/16 Aluminum Futures: Gap Filled, Bottom to Move Down
Most active SHFE 1111 aluminum contract prices opened lower at RMB 17,340/mt on August 16th. During the trading day, strong short momentum forced long capital to exit the market with positions falling by 4,218 lots following previous increase. Mainstream trading prices also fell below the 60-day...
SMM Aluminum Price Forecast (Aug. 15-19)
Last week, SHFE aluminum prices fell initially, but rebounded later in the week. SHFE 1110 aluminum contract prices fell continuously early in the week to RMB 16,425/mt given bearish market sentiment, but later rallied to the 60-day moving average, supported by low spot aluminum inventories and...
SMM Morning Review – 2011/8/15 Aluminum Market
The US Department of Commerce announced on August 12th Friday that July retail sales rose by a most 0.5% since April from previous month, which met market expectations. Later US University of Michigan released an August Consumer Confidence Index of 54.9, which was much lower than the expected 63...
SMM Daily Review - 2011/8/15 Base Metals Market
Most active SHFE 1110 aluminum contract prices opened slightly higher at RMB 17,535/mt and narrowly fluctuated in the morning session on August 15th. In the afternoon, positions of SHFE 1111 aluminum contracts significantly increased as a result of short activities, which dragged spot aluminum...
SMM Daily Review - 2011/8/15 Base Metals Market
Market optimism towards the talk between German Prime Minister Merkel and French president Sarkozy on solving the euro zone debt crisis led the euro surge overnight to above the 1.44 mark, which finally closed at 1.4437, up 1.35%. US stock prices also rose in response, and the US dollar index fell...
SMM Morning Review - 2011/8/16 Aluminum Market
Market optimism towards the talk between German Prime Minister Merkel and French president Sarkozy on solving the euro zone debt crisis led the euro surge overnight to above the 1.44 mark, which finally closed at 1.4437, up 1.35%. US stock prices also rose in response, and the US dollar index fell...
SMM Daily Review - 2011/8/15 Aluminum Market
Most active SHFE 1110 aluminum contract prices opened slightly higher at RMB 17,535/mt and narrowly fluctuated in the morning session on August 15th. In the afternoon, positions of SHFE 1111 aluminum contracts significantly increased as a result of short activities, which dragged spot aluminum...
SMM Daily Review - 2011/8/11 Base Metals Market
Most active SHFE aluminum contract prices opened lower at RMB 17,480/mt on August 11th, and broke through the 30-day moving average to a high of RMB 17,765/mt in the morning with strong long momentum. Due to profit-taking in the afternoon, most active SHFE aluminum contract prices finally closed at...
SMM Morning Review - 2011/8/12 Aluminum Market
US Department of Labor announced on August 11th that new claims of unemployment during the week from August 1st to August 6th fell by 7,000 to 395,000, a new low since April. As a result, investor confidence grew, with stock, commodity and crude oil prices closing higher and gold price, US dollar...
SMM Daily Review – 2011/8/11 Aluminum Market
Most active SHFE aluminum contract prices opened lower at RMB 17,480/mt on August 11th, and broke through the 30-day moving average to a high of RMB 17,765/mt in the morning with strong long momentum. Due to profit-taking in the afternoon, most active SHFE aluminum contract prices finally closed at...
SMM Brief Review - 2011/8/11 Aluminum Futures: Long Confidence Recovers Following 5-day Moving Average Stand
Most active SHFE aluminum contract prices opened lower at RMB 17,480/mt on August 11th, and broke through the 30-day moving average to a high of RMB 17,765/mt in the morning with strong long momentum. Due to profit-taking in the afternoon, most active SHFE aluminum contract prices finally closed at...
SMM Daily Review - 2011/8/10 Base Metals Market
Most active SHFE aluminum contract prices opened 3% higher at RMB 17,330/mt on August 10th, and slightly rose in the morning to struggle at RMB 17,500/mt. In the afternoon, after standing above the 5-day moving average, most active SHFE aluminum contract prices further rose to hit the 10-day moving...
SMM Morning Review - 2011/8/11 Aluminum Market
European and U.S. markets were overwhelmed with worries overnight due to escalating European debt crisis. Sources said earlier the European Executive Committee could neither confirm nor deny that deadline of Greek debt swap would be postponed until after 2020, which again led cautious sentiment...
SMM Daily Review – 2011/8/10 Aluminum Market
Most active SHFE aluminum contract prices opened 3% higher at RMB 17,330/mt on August 10th, and slightly rose in the morning to struggle at RMB 17,500/mt. In the afternoon, after standing above the 5-day moving average, most active SHFE aluminum contract prices further rose to hit the 10-day moving...
SMM Brief Review - 2011/8/10 Aluminum Futures: Most Active Contract Recovers Precious Gap
Most active SHFE aluminum contract prices opened 3% higher at RMB 17,330/mt on August 10th, and slightly rose in the morning to struggle at RMB 17,500/mt. In the afternoon, after standing above the 5-day moving average, most active SHFE aluminum contract prices further rose to hit the 10-day moving...
