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Home / Metal News / South China Aluminum: Panic Selling Causes Aluminum Price Plummet

South China Aluminum: Panic Selling Causes Aluminum Price Plummet

Jun 27, 2012 16:37

Source:SMM

The most active SHFE aluminum contract price fell below the RMB 15,000/mt mark.

SHANGHAI, Jun. 27 (SMM) – The most active SHFE aluminum contract price fell below the RMB 15,000/mt mark, fueling panic selling in spot aluminum market. As a result, spot offers in South China plunged with the maximum losses close to RMB 400/mt. Traded prices were between RMB 15,260-15,380/mt. Downstream buyers remained the bearish outlook despite the falling prices and showed no intention of inquiring and buying, leaving transactions quiet.

SHFE lead

lead price

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SHFE Lead Ends Higher (2017-3-13)

SHFE 1704 lead opened at RMB 17,945/mt and ended at RMB 18,160/mt, up RMB 335/mt or 1.88%.

Mar 13, 2017 17:41

SMM Comments

LME Lead to Remain Tight Range (2017-3-8)

LME lead is expected to trade at USD 2,200-2,250/mt and SHFE 1704 lead will move between RMB 17,500-18,200/mt.

Mar 8, 2017 09:59

SMM Comments

LME Lead to Remain Tight Range (2017-3-8)

LME Lead to Move in a Tight Range (2017-3-7)

LME lead will trade at USD 2,200-2,260/mt on Tuesday and SHFE 1704 lead will move at RMB 17,800-18,450/mt.

Mar 7, 2017 09:56

SMM Comments

LME Lead to Move in a Tight Range (2017-3-7)

SHFE Lead Hardly to Rally with Nearing of 2017 Chinese New Year, SMM Expects

SHFE lead prices dropped on January 17 after one-week fluctuation. On January 17, SHFE 1703 lead dropped RMB 735/mt or 3.88% as of 14:32.

Jan 18, 2017 13:51

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SHFE Lead Hardly to Rally with Nearing of 2017 Chinese New Year, SMM Expects

SHFE Lead to See Range-Bound Trading (2016-12-21)

LME lead is expected to move at USD 2,150-2,250/mt on Wednesday and SHFE 1702 lead will range between RMB 18,000-19,000/mt.

Dec 21, 2016 10:09

SMM Comments

SHFE Lead to See Range-Bound Trading (2016-12-21)

SHFE Lead to Move Lower (2016-12-19)

LME lead will move at USD 2,200-2,280/mt on Monday and SHFE 1702 lead is expected to move between RMB 19,000-19,500/mt.

Dec 19, 2016 10:15

SMM Comments

SHFE Lead Prices down 2.25% (2016-12-9)

SHFE 1702 lead opened at RMB 20,415/mt and finally closed at RMB 20,465/mt, down RMB 470/mt or 2.25%.

Dec 9, 2016 20:36

SMM Comments

SHFE Lead Prices down 7.02% (2016-11-30)

SHFE 1701 lead opened at RMB 21,190/mt and finally ended at RMB 20,670/mt, down RMB 1,560/mt or 7.02%.

Nov 30, 2016 16:24

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South China Aluminum: Panic Selling Causes Aluminum Price Plummet

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