shanghai futures exchange

Aluminium Price Rise in East China Stymies Spot Market Trades

Aluminium Price Rise in East China Stymies Spot Market Trades

A sudden rise in aluminium futures prices led to sellers’ reluctance to offload cargoes, slowing spot trades in East China on Monday. According to reporting by SMM, the Shanghai Futures Exchange saw the front-month September contract rise on Monday, gaining back ground...

Events

U.S.-China Trade Tensions Sink Aluminium Prices To 14-Month Nadir

Aluminium prices sunk to a new low on the year earlier this week due to market concerns that increased tensions between Washington, D.C. and Beijing are likely to set off a devastating trade war. According to market experts, comments by United States President Donald Trump referencing a raft of new tariffs waiting in the wings […]

Mysterious Trading in Shanghai Sends Aluminium Futures In London To Three-Month High

Aluminium market watchers were baffled on Wednesday after an unknown buyer made a large number of trades on the Shanghai Futures Exchange, setting off an immediate rally at the London Metal Exchange. According to reporting by Bloomberg, 68,430 contracts for October delivery were traded on the Exchange on Wednesday evening (Shanghai) over the course of […]

China’s Government Pledges Crackdown on Aluminium Speculators

In an effort at clamping down on “excessive” speculation in the nonferrous metals market that may lead to price distortions, the People’s Republic of China’s Ministry of Industry and Information Technology (MIIT) declared last week that it would step up efforts at monitoring the practice. The MIIT said on Wednesday that it intends to increase […]

Aluminium Rides Crest of Industrial Metals Wave to New High

A weaker dollar helped propel aluminium to peak above its 50-day and 100-day moving averages on Wednesday, gaining 1.8 percent and closing the day at US$2,177.50 per metric ton. Softness in the greenback motivated increased investments in metals across the board, as investors sought to protect against value erosion explained Societe Generale analyst Robin Bhar. […]