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Home / Metal News / SMM Aluminum Market Morning Review (2013-4-2)

SMM Aluminum Market Morning Review (2013-4-2)

Apr 2, 2013 09:05

Source:SMM

Worse-than-expected manufacturing PMI from China and the US will dampen market sentiment.

SHANGHAI, Apr. 2 (SMM) – Worse-than-expected manufacturing PMI from China and the US will dampen market sentiment. LME aluminum should open at USD 1,900/mt and move within USD 1,865-1,905/mt on Tuesday. SHFE 1306 aluminum contract is expected to open at RMB 14,545/mt, with prices between RMB 14,500-14,600/mt. In spot market, trading activities will improve due to stock rebuilding before the Chinese Qingming holiday, with spot discounts expected between RMB 30-70/mt.

latest LME aluminum prices

SHFE aluminum prices

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US Fed Chair Yellen’s cautious attitude toward rate hike path will soften the US dollar.

Mar 30, 2016 09:26

SMM Comments

SHFE Aluminum Falls as Shorts Dominate (2016-1-12)

SHFE 1603 aluminum tumbled to RMB 10,760/mt during Monday’s night session, due to plunging crude oil prices and the PBOC’s intervention in RMB market.

Jan 12, 2016 17:06

SMM Comments

38% of Chinese Aluminum Smelters Bearish toward Aluminum Prices This Week, SMM Survey

38% of the 42 Chinese aluminum smelters surveyed by SMM are bearish toward this week’s aluminum prices.

Dec 29, 2015 10:15

SMM Comments

SMM Aluminum Market Morning Review (2015-10-27)

LME aluminum climbed to USD 1,516/mt after opening at USD 1,500/mt on Monday.

Oct 27, 2015 09:24

SMM Comments

SMM Aluminum Market Daily Review (2015-10-21)

SHFE 1601 aluminum contract became the most active one, whose positions surged 10,838 to 148,000.

Oct 22, 2015 09:11

SMM Comments

SHFE Aluminum Fell Below RMB 10,900/mt as Shorts Flood in (Oct. 21, 2015)

SHFE 1601 aluminum contract became the most active one, whose positions surged 10,838 to 148,000.

Oct 21, 2015 16:17

SMM Comments

SMM Aluminum Market Daily Review (2015-9-7)

SHFE 1511 aluminum rose to RMB 11,915/mt after opening at RMB 11,840/mt on Monday.

Sep 8, 2015 09:50

SMM Comments

SMM Aluminum Market Daily Review (2015-3-23)

SHFE 1506 aluminum contract climbed to RMB 13,355/mt after starting last Friday’s night session at RMB 13,285/mt, and ended at RMB 13,330/mt.

Mar 24, 2015 09:41

SMM Comments

SMM Aluminum Market Morning Review (2015-3-24)

The US dollar index fell overnight, due to dovish remarks by Vice Chair of the US Fed and ECB president’s optimism over the European economy.

Mar 24, 2015 09:14

SMM Comments

SMM Aluminum Market Morning Review (2015-3-10)

Euro zone economic data were mixed overnight.

Mar 10, 2015 09:17

SMM Comments

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