Firm pricing reflected upward revisions across major producers. Domestic premiums held largely steady w-o-w. Domestic aluminium prices in India edged higher w-o-w on 12 February, tracking gains in aluminium futures on the London Metal Exchange (LME) and the Multi Commodity Exchange (MCX), as globa ...
On February 11, for example, Mysteel assessed the average price for domestically-generated #6063 aluminium scrap in South China's Guangdong province at RMB 18,750 per tonne (USD 2,712 per tonne), lower by 3.6 per cent from the end of January. By the same day, China's composite primary aluminium pr ...
Futures: SHFE aluminium closed at RMB 23,395 per tonne in the night session, down 0.91 per cent, breaking below the short-term moving averages MA5 (23,544) and MA10 (23,522), with the moving average system showing a bearish alignment; the price is approaching the medium-term lifeline MA60 (23,069. ...
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