Aluminium Rate
(Expiry: 30-Sep-2024 | Exchange: MCX | Head: Base Metals)11.33AM IST | 07 Sep, 2024
- 217.85Per 1 KGS
- Change
-2.25 (-1.02%)
- Volume2759
- Open219.65
- Prv. Close220.10
- Spot222.15
Day's Trend
- Day:
- Contract:
- Average Price (Rs/1 KGS):219.0
- Open Interest (Contracts):4081
- Open Interest Change %:6.00%
- Best Buy Price (Rs/QTY):0.0/0
- Prem/Disc:
- Spread:
- Unit:MT
- Lot Size:5
- Tick Size:5
- Best Sell Price (Rs/QTY):0.0/0
ALUMINIUM News
Metals whipsawed as US, UK sanctions on new Russian supplies rattle LME | News
16 Apr, 2024, 05.52 AM
But the sanctions will still reverberate through metals markets because of the LME's central position at the heart of the industry. Its prices are used as a benchmark and referenced in a huge number of contracts around the world, and many buyers view the ability to deliver on the LME as essential.
Why industrial commodity prices are under pressure | News
23 Sep, 2023, 02.36 PM
Going ahead, as the traditional demand drivers of industrial metals have stalled, the short-term price outlook remains under pressure. Though the new demand areas like the clean energy sector are on the cards, they are unlikely to boost prices in the immediate run.
Prospects of China demand and near-record low inventories may support global aluminium prices | News
13 Feb, 2023, 02.26 PM
Meanwhile, Russia is the second largest aluminium producer and a significant source of material to US markets. Slapping such a steep tariff is expected to end the US imports from Russia. Since the metal is used to make everything from beer cans to airplane parts, the US authorities should search for potential alternate supply in the event of a tariff hike.
Coca cola metal on the move | News
25 Jan, 2023, 09.36 AM
This commodity has been sliding down from the peak of 325 on March 22 to the bottom of 188 in September. Over the past few months, the price was observed to form higher highs-higher lows. Recently price has given a symmetrical triangle breakout as a result of which the price is expected to start a bullish move with greater momentum.
This metal is expected to move in the bearish zone! | News
6 Jan, 2023, 09.03 AM
Since June 2022 Aluminium price has failed to surpass the hurdle of 220. After bouncing from the lows of 187 posted in September price made a valiant attempt at 220. In this journey, the price has formed a couple of bearish chart patterns that suggest further downside.
Top metals struggled, copper under pressure over demand concerns | News
19 Nov, 2022, 03.17 PM
FOMC member James Bullard stated the central bank needs to continue raising interest rates probably by at least another full percentage point as rate hikes have had only limited effects on inflation so far.
Why aluminium prices are struggling at a one-and-a-half-year low | News
1 Oct, 2022, 11.22 AM
Since the Russian invasion of Ukraine, aluminium has lost its steam shedding prices to a one-and-a-half-year low. Prices on the benchmark London Metal Exchange has corrected to more than 48 per cent from its all-time high tested in March. Similar moves were witnessed in Shanghai and the MCX futures.
Why industrial metals are losing their shine | News
4 Sep, 2022, 11.21 AM
In the domestic future's platform, Aluminium is the top loser, shedding prices by more than 38 per cent. Copper and Zinc declined by 28 and 24 per cent, while steel prices contracted by 21 per cent so far. A similar trend was seen in its corresponding international platforms as well.
Aluminium at record high, nickel scales 11-year peak on Russian supply woes | News
3 Mar, 2022, 02.50 PM
Commodity markets extended their bull runs on Thursday, with aluminium, coal and palm oil all hitting new records while crude oil and wheat scaled multi-year highs as Russia's invasion of Ukraine disrupted global raw material flows.
China to auction 150,000 tonnes of metal from state reserves on Sept 1 | News
28 Oct, 2021, 07.20 PM
The National Food and Strategic Reserves Administration said in three separate notices it would auction 30,000 tonnes of copper, 50,000 tonnes of zinc and 70,000 tonnes of aluminium.
Hot/Cold Aluminium Contract
ALUMINIUM (MCX)
30 September 2024
ALUMINIUM Spot Rate Details
ALUMINIUM vs Other Base Metals
Trend
D | M | YALUMINIUM vs Peers (Intraday Range)
LowestHighest
-1.390.34
-1.02
ALUMINIUM vs Peers (Contract Range)
LowestHighest
-8.143.91
-3.73
ALUMINIUM (31-Oct-2024) vs ALUMINIUM Other Contracts
ALUMINIUM Contract Details (2024-09-30) Exchange: MCX
Symbol
ALUMINIUM
Contract Start Date
2024-05-01
Last Trading Date
2024-09-30
Lot Size
5
Tick Size
5
Symbol Description
ALUMINIUM
Delivery Start Date
2024-09-24
Delivery End Date
2024-10-01
Symbol Info
ALUMINIUM
Tender Period Start Date
2024-09-24
Tender Period End Date
2024-09-30
Commodity Group
Base Metals
Name Of Underlying
Base Metals
Identifier of the Underlying
358
Instrument Identifier
432992
Instrument
FUTCOM
Expiry Date
2024-09-30
Price Quote Qty
KGS
Daily Price Percent
0.00
Near Month Instrument Identifier
-1
Far Month Instrument Identifier
-1
Trading Unit
MT
Delivery Unit
MT
ALUMINIUM Rate Historical Performance
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