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Top Stories

Aluminium Market

Destocking acceleration provides support, export concerns limit rebound space
Primary AL
Futures: SHFE aluminium closed at RMB 23,115 per tonne last Friday, up 0.81 per cent, with intraday fluctuations within 22,890-23,190. Prices are far below all key moving averages (MA5=23,119, MA10=23,622, MA30=24,149, MA60=24,501.5). The moving averages are in a bearish alignment and diverging at an accelerating pace, signalling pronounced weakness. The MACD indicator shows DIF at -359.93 and DEA at -249.68, with a death cross downward and the negative histogram expanding to -220.50, indicat ...
LME aluminium price graph: Recovery appears on June 26 as cash climbs to $3,164/t; stocks slip 0.4%
Primary AL
The LME aluminium price graph of June 26 reported gains after remaining on a declining graph in the previous three sessions. As cash, contracts and three-month Asian benchmark prices improved, warehouse stocks continued to decline. The LME aluminium cash bid and offer prices gained 1.02 per cent day-on-day. The bid rose to USD 3,162 per tonne from USD 3,130 per tonne. The offer improved to USD 3,164 per tonne from USD 3,132 per tonne.   Explore the relevance of red mud in the sustainable al ...

Downstream
German-based company eepos has expanded its range of lifting equipment, launching the new aluminium jib crane for manufacturing, assembly and operations. The new crane is going to be available for release from 8 July and can lift up to 1,000 kg with a maximum boom length of 8 metres, offering flexibility across a range of industrial applications. The crane is equipped with a new swivel bearing that has 270 degrees of rotation and allows the boom angle to be fine-tuned during installation. Cu ...
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