Metals News
SMM Aluminum Market Morning Review (2014-8-14)
price review forecast
Aug 14,2014
SHANGHAI, Aug. 14 (SMM) – Three-month aluminum on the London Metal Exchange dropped to USD 2,027.3/mt after opening at USD 2,050/mt on Wednesday. The price decline was the result of downbeat Chinese economic data and US retail sales hitting a 6-month low in July. Finally, the light metal closed USD 18.5/mt lower at USD 2,032/mt. Trading volumes were down 717 lots to 10,764 lots, with positions also down 9,165 lots to 923,912 lots. 
On Wednesday night, SHFE 1410 aluminum contract dipped to RMB 14,095/mt after starting at RMB 14,145/mt, and finished the night session at RMB 14,115/mt. Trading volumes totaled 49,090 lots, with positions down 56 lots to 144,092 lots. 
Negative economic data are likely to send the most active SHFE aluminum contract down to RMB 14,070-14,130/mt on Thursday. In China’s physical market, spot aluminum should trade RMB 0-40/mt below SHFE 1408 aluminum contract. 
LME aluminum prices
SHFE aluminum prices
For queries, please contact Frank LIU at
For more information on how to access our research reports, please email
Related Price

No Data