South China Aluminum Prices Continue Falling (May 5, 2015)

Published: May 5, 2015 16:58

Save

SHFE 1505 aluminum contract gave back yesterday’s gains, keeping downstream buyers in south China cautious.

SHANGHAI, May 5 (SMM) – SHFE 1505 aluminum contract gave back yesterday’s gains, keeping downstream buyers in south China cautious. In the afternoon, some processors went bargain hunting as needed. Mainstream traded prices were RMB 13,180-13,190/mt.

South China aluminum prices

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

29 mins ago

SMM Zinc Ingot Inventory Rises 3,200 MT from May 28, China Stock Down Slightly

[SMM News Flash]Based on SMM's communications, as of Thursday (June 4), total SMM zinc ingot inventory across seven regions stood at 264,100 mt, an increase of 3,200 mt from May 28, and a decrease of 500 mt from June 1, with China inventory edging down.

29 mins ago

4 hours ago

Affected by Lower LME Prices, SHFE Zinc Recorded a Small Bearish Candlestick with a Long Upper Shadow [SMM Zinc Morning Comment]

[SMM Zinc Morning Comment] Overnight, the most-traded SHFE zinc 2607 contract opened at 25,100 yuan/mt. In early trading, SHFE zinc surged to test 25,280 yuan/mt before pulling back under pressure. It continued to weaken during the session, dipping to 25,005 yuan/mt. Toward the close, it rebounded slightly to recover part of the losses, ultimately closing down at 25,070 yuan/mt, down 80 yuan/mt or 0.32%. Trading volume decreased to 55,949 lots, and open interest fell by 933 lots to 112,000 lots.

4 hours ago

US ADP Employment Data Fell Short of Expectations, LME Zinc Center Shifted Lower [SMM Morning Meeting Minutes]

[SMM Morning Meeting Minutes: US ADP Employment Data Falls Short of Expectations, LME Zinc Center Moves Lower] Overnight, LME zinc opened at $3,636/mt. At the beginning of the session, LME zinc fluctuated around the daily average line. As the European trading session began, bulls increased their open interest, and LME zinc oscillated higher to touch $3,658/mt. Prices at night session continued to pull back, dipping to $3,593/mt. Toward the end of the session, prices stopped falling and rebounded, slightly recovering lost ground, ultimately closing lower at $3,603/mt, down $27.5/mt, a decline of 0.76%. Trading volume decreased to 88,462 lots, and open interest increased by 3,764 lots to 231,000 lots.

4 hours ago