Aluminum Price Rise Cycle Just Begins

Published: Aug 28, 2017 11:36

Save

While aluminum prices corrected down recently, the correction is reasonable following big price gains, according to a report issued by Nonferrous Metals Research Team of Huatai Securities on August 28

SHANGHAI, Aug. 28 (SMM) – While aluminum prices corrected down recently, the correction is reasonable following big price gains, according to a report issued by Nonferrous Metals Research Team of Huatai Securities on August 28.

Bulls Watch Out: Aluminum Stocks in China Exceed 1.5 Million Tonnes, SMM Warns

Aluminum price rise cycle has just started. Spot aluminum prices reached 16,300 yuan/tonne on August 24 and look set to rise further to 18,000 yuan/tonne or even 20,000 yuan/tonne later this year.

SMM Analysis of Air Pollution Comprehensive Treatment Action Program in Beijing-Tianjin-Hebei and Surrounding Regions during Autumn and Winter 2017-2018

The article is edited by SMM and is provided for information purpose only. SMM assumes no liability and does not warrant the accuracy, reliability or completeness of information contained or quoted in the article, either express or implied. SMM further disclaims any liability for losses in connection with the information contained or quoted in the article.

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.

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 for 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

27 mins ago

Qianbiao Industrial and Sanmenxia High-tech Invest Sign 100,000 mt Aluminum Recycling Project Deal

On June 6, under the precise matchmaking and full support of the finance bureau of the Sanmenxia Urban-Rural Integration Demonstration Zone (High-tech Zone), Henan Qianbiao Industrial Group Co., Ltd. and Sanmenxia High-tech Investment Group Co., Ltd. successfully signed a cooperation agreement for the project of secondary aluminum recycling and alloy plate and coil rolling production and processing with an annual capacity of 100,000 mt in the zone, marking the official launch of the cooperation project between the two parties.

27 mins ago

28 mins ago

Yufu Gaokin Precision Manufacturing Project Launches in Liangjiang, Aims for 2 Billion Yuan Annual Output

Recently, the Yufu Gaokin Precision Manufacturing Project in the Liangjiang New Area has officially commenced construction. The project, developed by Chongqing Gaokin Precision Technology Co., Ltd., is a high-end equipment manufacturing base integrating informatization and intelligence. With a total investment exceeding 1 billion yuan, it is planned to build approximately 100,000 m² of intelligent production workshops and supporting R&D facilities. The project will focus on the R&D and large-scale production of high-end precision parts, aluminum alloy castings, and specialized molds. Upon reaching full production, it is expected to achieve an annual output value of up to 2 billion yuan.

28 mins ago

Leiyang City and Centennial Tree Group Sign Deal for $300,000mt Green Smart Manufacturing Project

On the afternoon of June 2, the People's Government of Leiyang City and Centennial Tree Group Co., Ltd. signed an investment cooperation agreement for the green smart manufacturing project of high-end silicon-aluminum-based functional new materials with an annual capacity of 300,000 mt. The green smart manufacturing project for high-end silicon-aluminum-based functional new materials is expected to cover a total area of about 310 mu, build workshops of approximately 90,000 m², and is planned to have a deep processing capacity of 300,000 mt per year. After completion, it will rely on Leiyang's abundant kaolinite resources to realize full-chain production from raw ore mining to high-end ceramic raw materials, coating fillers, and papermaking additives.

28 mins ago