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Home / Metal News / SMM Aluminum Market Morning Review (2013-11-20)

SMM Aluminum Market Morning Review (2013-11-20)

Nov 20, 2013 09:23

LME aluminum opened at USD 1,784/mt on Tuesday.

SHANGHAI, Nov. 20 (SMM) – LME aluminum opened at USD 1,784/mt on Tuesday. Some investors stepped in after the light metal fell to USD 1,776/mt, pushing it up to USD 1,788/mt. Bernanke and Yellen’s support for QE3 drove LME aluminum up further to USD 1,798/mt. Finally, LME aluminum gained USD 6.8/mt or 0.38% to close at USD 1,792/mt. Trading volumes added 5,704 lots to 13,863 lots, while positions contracted 7,901 lots to 727,487 lots.

Market optimism will help SHFE 1401 aluminum contract rebound, which is expected to open at RMB 14,200/mt and move between RMB 14,200-14,250/mt on Wednesday. In spot markets, a premium of RMB 50-90/mt is expected over SHFE 1312 aluminum contracts.

LME aluminum

SHFE aluminum

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

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LME aluminum will trade at USD 1,918-1,940/mt on Friday and SHFE 1709 aluminum will fluctuate between RMB 14,350-14,550/mt.

Jul 14, 2017 09:41

SMM Comments

LME Aluminum to Hover at Highs (2017-7-14)

SHFE Aluminum to Remain in Upward Track (2017-7-12)S

LME aluminum will trade at USD 1,885-1,905/mt on Wednesday and SHFE 1709 aluminum will challenge RMB 14,305/mt.

Jul 12, 2017 09:45

SMM Comments

SHFE Aluminum to Remain in Upward Track (2017-7-12)S

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.

Apr 7, 2017 17:01

SMM Insight Industry

SHFE Aluminum Sees Strong Resistance among Metals, SMM Reports

SHFE Aluminum Ends with Losses (2017-3-22)

SHFE 1705 aluminum opened at RMB 13,830/mt and ended at RMB 13,805/mt.

Mar 22, 2017 18:02

SMM Comments

SHFE Aluminum Ends Higher (2017-3-16)

SHFE 1705 aluminum started at RMB 13,810/mt and ended at RMB 13,960/mt.

Mar 16, 2017 17:03

SMM Comments

SHFE Aluminum to Move in a Tight Range (2017-3-10)

LME aluminum will trade at USD 1,860-1,890/mt on Friday and SHFE 1705 aluminum will fluctuate between RMB 13,550-13,850/mt.

Mar 10, 2017 09:54

SMM Comments

SHFE Aluminum Ends Lower (2017-3-2)

SHFE 1704 aluminum opened at RMB 14,225/mt and closed at RMB 14,145/mt.

Mar 2, 2017 17:26

SMM Comments

SHFE Aluminum Closes Higher (2017-2-20)

SHFE 1704 aluminum opened at RMB 14,015/mt and closed at RMB 14,145/mt.

Feb 20, 2017 18:27

SMM Comments

LME Aluminum to Hover at Highs (2017-2-17)

LME aluminum will hover at USD 1,890-1,916/mt on Friday and SHFE 1704 aluminum will move at RMB 14,200-14,500/mt.

Feb 17, 2017 09:31

SMM Comments

LME Aluminum to Hover at Highs (2017-2-17)

SHFE Aluminum Closes Higher (2017-2-14)

SHFE 1704 aluminum started at RMB 14,085/mt and finally closed at RMB 14,415/mt.

Feb 14, 2017 17:33

SMM Comments

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