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 Daily Review - 2012/5/18 Aluminum Market

SMM Daily Review - 2012/5/18 Aluminum Market

May 21, 2012 10:02

Source:SMM

The most active SHFE aluminum contract opened at RMB 16,020/mt and settled up RMB 20/mt or 0.13% at RMB 16,020/mt.

SHANGHAI, May 21 (SMM) – The most active SHFE aluminum contract opened at RMB 16,020/mt and settled up RMB 20/mt or 0.13% at RMB 16,020/mt. Its moving band was RMB 16,000-16,065/mt. Strong support was found at RMB 16,000/mt. Resistance at the 10-day moving average also remained strong though. Total transacted contracts of the day were only 8,332 lots.

Spot aluminum traded at RMB 15,990-16,020/mt in Shanghai, at discounts of RMB 10-40/mt over the current-month SHFE aluminum price. The trading band in Wuxi is RMB 16,010-16,030/mt and is RMB 16,000-16,020/mt in Hangzhou. The current-month SHFE aluminum contract stabilized above the 5-day moving average and trading activities were little changed. The mainstream traded price struggled at RMB 16,000/mt. Some quality ingots were traded at higher prices but also saw deals below RMB 16,000/mt. Stock replenishment demand appeared ahead of weekend but was weak. There were still buyers standing on the sidelines.

aluminum price

aluminum Al

SHFE aluminum

spot aluminum

Shanghai

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

Zinc in Shanghai: The Market Premium Rose Slightly, and the Transaction was Modest [SMM Afternoon Comment]

[SMM afternoon comment on zinc in Shanghai: The market premium rose slightly, and the transaction was modest] On the whole, the transactions between traders are mainly dealt with the average price premium today. At the same time, affected by that, the market shipments with the market price decreased, and then some holders held up the price, so that the overall transaction was modest.

time

Apr 18, 2022 16:08

Zinc in Shanghai: The Market Premium Rose Slightly, and the Transaction was Modest [SMM Afternoon Comment]

Zinc Inventory Fell 4,000 mt on Week

Total zinc inventories across seven Chinese markets stood at 119,600 mt as of September 10, down 2,500 mt from September 6 and 4,000 mt from September 3.

time

Sep 10, 2021 17:17

Zinc Inventory Fell 4,000 mt on Week

Wider spot discount failed to boost purchases

Spot premiums in Shanghai rose to 70 yuan/mt on February 18 from zero ahead of CNY due to costs during CNY holidays. However, spot premiums turned into wide discounts as of February 25 as SHFE copper prices surged, which stood at around 250 yuan/mt, a decline of nearly 460%. This signified that investors were selling aggressively to generate cash amid cash flow issues. Downstream inquiries were brisk but sellers refrained from lowering their quotes, with spot discounts stabilising between 150-140 yuan/mt.

time

Mar 2, 2021 10:19

SMM Insight Analysis

Wider spot discount failed to boost purchases

Shanghai eyes smart manufacturing hub by 2021

It aims to establish a 130-billion-yuan industry from smart manufacturing

time

Jul 19, 2019 15:58

Shanghai eyes smart manufacturing hub by 2021

Active buying in aluminium market narrows spot discounts

Buying was active in the aluminium physical market on Tuesday February 27 with narrowing spot discounts, SMM learned.

time

Feb 27, 2018 17:33

Active buying in aluminium market narrows spot discounts

SMM Events & Webinars

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
Oct
22
- 2025 15th APAC TIN INDUSTRY CONFERENCE
  Oct 22 - 24,2025
  The 2025 Tin Industry Annual Conference will focus on "Opportunities and Challenges in a New Era.
  Yunnan · Gejiu

MOST POPULAR

1.China Lithium Market Dynamics and Lithium Procurement Study

2.Battery Recycling Technology Understanding

3.Solid State Battery Market

4. China Scrap Steel Quality Analysis

5.China Scrap Steel Cost Curve

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.