SMM Brief Review – 2011/7/14 Aluminum Futures

[July 6 Morning Briefing] The US added 57,000 nonfarm jobs in June, below market expectations of an increase of 110,000. The combined job gains for April and May were revised down by 74,000. The most-traded SHFE nickel 2609 contract surged to the 128,000 yuan/mt level in early trading before pulling back slightly, and by the end of the morning session it was reported at 127,190 yuan/mt, up 0.59%. The US nonfarm payrolls report came in surprisingly weak, leading the market to turn more cautious on the employment outlook. Expectations for US Fed interest rate hikes cooled markedly, and the US dollar fell sharply, providing a catalyst for a rebound in nickel prices. In the short term, nickel prices are expected to be in the doldrums in the 125,000-135,000 yuan/mt range.

Harga rata-rata SMM NPI kadar tinggi 10-12% turun mingguan sebesar 13,3 yuan/unit nikel menjadi 1.133,7 yuan/unit nikel (harga eks-pabrik, sudah termasuk pajak), dan harga rata-rata indeks FOB NPI Indonesia turun mingguan sebesar $0,31/unit nikel menjadi $146,69/unit nikel. Minggu ini, pasar NPI kadar tinggi tetap lesu di bawah tarik-menarik pasokan dan permintaan serta perdagangan yang terus lesu, dengan harga secara keseluruhan berada di bawah tekanan.

Tinjauan Mingguan Futures Baja Tahan Karat SMM — minggu 29 Juni – 3 Juli 2026. Lemahnya nikel dan latar belakang permintaan di luar musim yang melunak mengimbangi harga pabrik yang kencang serta persediaan rendah, menstabilkan kontrak acuan di dekat RMB 14.655/mt.