Non-ferrous
Non-ferrous
Base Metals
Rare Earth
Scrap Metals
Minor Metals
Precious Metals
New Energy
DashboardDatabaseProReportsEventsConsulting
Download our mobile app to
your devices
SMM Aluminum Market Daily Review (2014-6-19)
Jun 20, 2014 09:00Source:SMM
On Wednesday night, SHFE 1408 aluminum contract started at RMB 13,455/mt, and finished the night session at RMB 13,470/mt.
SHANGHAI, Jun. 20 (SMM) – On Wednesday night, SHFE 1408 aluminum contract started at RMB 13,455/mt, and finished the night session at RMB 13,470/mt. Trading volumes totaled 39,768 lots, with positions up 1,076 lots to 143,414 lots. On Thursday, the most active contract fell to RMB 13,395/mt, but then rebounded to end RMB 15/mt higher at RMB 13,460/mt. Trading volumes totaled 34,550 lots, with positions down 4,846 lots to 137,492 lots.
Spot aluminum largely traded between RMB 13,220-13,230/mt in Shanghai and Wuxi on Thursday, a discount of RMB 120-130/mt over SHFE 1407 aluminum contract. Mainstream traded prices were RMB 13,250-13,270/mt in Hangzhou. Buyers in general stayed out of the market out of bearishness, pulling prices down. In the afternoon, prices for the front-month contract rebounded, pushing spot aluminum prices up slightly.
SHFE aluminum prices
Shanghai aluminum prices
For queries, please contact Michael Jiang at michaeljiang@smm.cn
For more information on how to access our research reports, please email service.en@smm.cn
Related news
LME Aluminum to Fall on Growing Stocks (2017-8-23)
LME aluminum will fall to USD 2,060-2,090/mt today since LME aluminum stocks are beginning to rise.
Aug 23, 2017 09:32
SHFE Aluminum to Trade in Wide Range (2017-8-18)
LME aluminum will range USD 2,055-2,075/mt today and test support at the 5-day moving average.
Aug 18, 2017 09:34SHFE 1710 Aluminum Falls Back after Initial Rise (2017-8-16)
SHFE 1710 aluminum opened at RMB 15,890/mt on Wednesday.
Aug 16, 2017 17:19SHFE 1709 Aluminum Rises Sharply (2017-7-31)
SHFE 1709 aluminum rose sharply on Monday as lots of positive news attracted longs to raise bullish bets.
Jul 31, 2017 19:09
LME Aluminum to Fall Back from Highs (2017-7-28)
LME aluminum will fall back to USD 1,930-1,950/mt today deu to strong resistance at above USD 1,950/mt.
Jul 28, 2017 09:42
LME Aluminum to Rise (2017-7-27)
The US dollar index fell to its lowest since July at 93.349 following the US Fed’s decision not to hike rate.
Jul 27, 2017 09:46
SHFE 1709 Aluminum Rises on Long Buying (2017-7-25)
SHFE 1709 aluminum opened at RMB 14,465/mt on Tuesday.
Jul 25, 2017 19:50
SMM Events & Webinars
All- Oct08
2nd Li-ion Battery Europe 2024
Oct 08 - 10,2024THE EGG BRUSSELS, BELGIUM
- Jun24
2024 Global Renewable Metal Industry Chain Summit
Jun 24 - 25,2024To foster international cooperation and dialogue among industry colleaguesKuala Lumpur , Malaysia
- Jun18
2024 ASEAN Automotive Supply Chain
Jun 18 - 19,2024Pattaya,Thailand
Shanghai Metals Market
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 © 2024 SMM Information & Technology Co., Ltd. All rights reserved.
