Non-ferrous

Non-ferrous

Base Metals

Rare Earth

Scrap Metals

Minor Metals

Precious Metals

Ferrous Metals

Ferrous Metals

Iron Ore Index Iron Ore Price Coke Coal Pig Iron Steel Billet Finished Steel

New Energy

New Energy

Solar Lithium Cobalt Cathode Material Phosphorus Carbon Anode Separator Electrolyte Battery Cell And Module Battery Recycling Nickel And Manganese Other Materials Sodium-ion Battery Hydrogen Energy

Price Center DatabasePro Reports Events Car Insight

Home / Metal News / SMM Morning Review - 2010/12/17 Aluminum Market

SMM Morning Review - 2010/12/17 Aluminum Market

Dec 17, 2010 09:41

Source:SMM

SHANGHAI, Dec. 17 (SMM) -- According to data from the US Department of Labor on Thursday, initial jobless claim in the week ending on December 11th slipped to 420,000, in line with market expectation and the lowest for four consecutive weeks since August 2, 2008. Meanwhile, new housing starts in November rose 3.9% to a seasonally adjusted annual rate of 555,000, higher than market expectation. Although economic data were positive, profit-taking sentiment was strong before Christmas holiday. In this context, neighboring base metals slipped, and LME aluminum prices also followed suit and closed at USD 2,315/mt, down by USD 6/mt from a day earlier. LME aluminum inventories were down to certain extent after delivery.

Today, SHFE aluminum contract price rebounded rapidly along with other base metals after a low open, and SMM expects that SHFE aluminum 1103 contract price will move between RMB 16,500-16,650/mt on December 17th.

Copyright © SMM. All Rights Reserved

None of this material may be used for any commercial or public use in any forms or means, without the prior written consent of SMM. For reproduction issue, please contact us by email: service.en@smm.cn

aluminum

aluminum price

For queries, please contact Lemon Zhao at lemonzhao@smm.cn

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

Related news

MJP Aluminium Premium: Market dynamics and its evolving role in Asia

The MJP aluminium premium has surged to $245–260 per tonne for Q2 2025, far exceeding Japan’s domestic spot price and raising concerns about its role as Asia’s benchmark. Despite this, buyers continue accepting higher premiums to secure stable supply, as producers prioritize shipments to higher-paying markets like the U.S. and Europe. With Japan’s aluminium imports declining, its influence in price negotiations has weakened, shifting power to global suppliers. While MJP is still widely used, its relevance is being questioned as Southeast Asia’s aluminium market grows, potentially paving the way for a more regionally representative pricing model.

time

Mar 13, 2025 20:53

MJP Aluminium Premium: Market dynamics and its evolving role in Asia

The Driving Force Behind the Prices of Copper, Aluminum, and Nickel: The Dual Impact of New Energy and Environmental Policies

Global prices for nickel, copper, and aluminum have been wildly swinging the past two years. With application in renewable energy infrastructure via EVs and a vehicle for sustainability goals, the metals are now pivotal commodities of the game of energy transition. Yet, the double pressure of new energy demands and green regulation is still the prime driver of their volatile prices.

time

Feb 25, 2025 17:06

SMM Aluminium Ingot January Production Analysis & February Forecast

Aluminium Ingot January Production Analysis & February Forecast

time

Feb 9, 2024 16:01

SMM Aluminium Ingot January Production Analysis & February Forecast

Aluminum Operating Rate in Yunnan Region Update

According to SMM's research findings, Yunnan Province is currently experiencing a dry season, with hydropower contribution remaining at a relatively low level. Enterprises have no immediate plans for production resumption and await clearer policy guidance from the power sector.

time

Feb 6, 2024 18:08

Aluminum Operating Rate in Yunnan Region Update

Indonesia's Ban on Bauxite Exports Leads to Negative Effects, Surplus Bauxite Difficult to Consume

The implementation of Indonesia's ban on bauxite exports since June last year has led to bauxite surplus, brought challenges to consume domestically as the Indonesia's alumina plants have limited capacity. Ronald Sulistyanto, Chairman of the Indonesian Bauxite and Iron Ore Entrepreneurs Association (Asosiasi Pengusaha Bauksit dan Bijih Besi Indonesia - APB3I), highlighted the struggle to secure external investment for alumina plant projects, while some entrepreneurs are forced to cut costs or halt production. However, there is hope for relief through potential relaxation of the export ban policy. Efforts are underway to boost alumina production capacity, although challenges persist in addressing the surplus bauxite issue.

time

Feb 2, 2024 10:41

Analysis Industry

Indonesia's Ban on Bauxite Exports Leads to Negative Effects, Surplus Bauxite Difficult to Consume

LME Aluminum to Hover at Highs (2017-8-10)

LME aluminum will trade at USD 2,005-2,035/mt on Thursday, and SHFE 1710 aluminum will regain losses seen on Wednesday’s night trading, with price estimated at RMB 16,000-16,250/mt.

time

Aug 10, 2017 09:27

LME Aluminum to Hover at Highs (2017-8-10)

You Should Refrain from Overt Optimism after Shandong Aluminum Output Cut News, SMM Cautions

Rumor has it Shandong will slash aluminum output by over 2 million tonnes, SMM understands.

time

Jul 13, 2017 17:48

SMM Insight Industry

You Should Refrain from Overt Optimism after Shandong Aluminum Output Cut News, SMM Cautions

SHFE Aluminum Sees Strong Resistance among Metals, SMM Reports

May Aluminum Contract on the SHFE only fell 0.8% on Friday despite the nosedive of ferrous and other nonferrous metals.

time

Apr 7, 2017 17:01

SMM Insight Industry

SHFE Aluminum Sees Strong Resistance among Metals, SMM Reports

Will Syria Attack Boost Base Metals? SMM Reports

The United States launched dozens of cruise missiles Thursday night at a Syrian airfield. Risk aversion assets thus received a boost. As of 10:15 am April 7, June gold contract on the Shanghai Futures

time

Apr 7, 2017 11:27

SMM Insight Industry Reminder

Will Syria Attack Boost Base Metals? SMM Reports

Prebaked Anode Poised to Keep Advancing in China, SMM Predicts

Prebaked anode prices in China’s domestic market rose by about 620 yuan per tonne in January 2017 after Shandong Weiqiao raised its procurement price.

time

Feb 21, 2017 10:05

SMM Insight Industry

Prebaked Anode Poised to Keep Advancing in China, SMM Predicts

SMM Events & Webinars

Oct
14
- SMM LME Metals Seminar 2025
  Oct 14 - 14,2025
  London , the United Kingdom
Oct
20
- Li-ION BATTERY China
  Oct 20 - 21,2025
  Xiamen, China
Oct
20
- APAC (10th) Stainless Steel Industry Conference 2025
  Oct 20 - 21,2025
  Xiamen, China

MOST POPULAR

1.NEV Magnet Wire Industry Opportunity Discovery

2.Copper Substitution Market Study-Consumer Durables

3.Copper Substitution Market Study-Construction

4.Copper Substitution Market Study-Power Distribution

5.Copper Substitution Market Study-Power Transmission

Shanghai Metals Market

Privacy Policy Compliance Centre SMM Credit Service Contact Us About Us Terms & Conditions Sitemap Holiday Pricing Schedule

Notice: By accessing this site you agree that you will not copy or reproduce any part of its contents (including, but not limited to, single prices, graphs or news content) in any form or for any purpose whatsoever without the prior written consent of the publisher.

Drop us a line

service.en@smm.cn

How can we help you?

+86 021 5155-0306

Live chat via WhatsApp

Copyright © 2025 SMM Information & Technology Co., Ltd. All rights reserved.