Our website uses cookies to ensure that we give you the best experience on our website. If you continue we'll assume that you are happy to receive all cookies on the metal.com website.
Got it
SMM App
AndroidiOS
Holiday Pricing ScheduleFREE TRIALCompliance Centre
gloablLanguage:  language-iconlanguage-iconlanguage-iconlanguage-iconlanguage-iconlanguage-iconlanguage-iconlanguage-icon
MarketsNews
Non-ferrous
Non-ferrous
Base Metals
Rare Earth
Scrap Metals
Minor Metals
Precious Metals
Ferrous Metals
Ferrous Metals
Iron Ore IndexIron Ore PriceFinished SteelCokeCoalPig IronSilicon Steel
New Energy
New Energy
SolarLithiumCobaltLithium Battery Cathode Precursor and MaterialAnode MaterialsArtificial GraphiteDiaphragmElectrolyteOther MaterialsChemical CompoundLithium-ion BatteryUsed Lithium-ion BatterySodium-ion BatteryHydrogen EnergyEnergy Storage
Price CenterDatabaseProReportsEventsCar Insight
Home / Metal News / SMM Aluminum Market Morning Review (2015-1-29)

SMM Aluminum Market Morning Review (2015-1-29)

iconJan 29, 2015 01:15
Source:SMM
LME aluminum opened at USD 1,861/mt on Wednesday. The light metal fell below USD 1,850/mt, but then rallied to thus USD 1,875/mt.
SHANGHAI, Jan. 29 (SMM) – LME aluminum opened at USD 1,861/mt on Wednesday. The light metal fell below USD 1,850/mt, but then rallied to thus USD 1,875/mt. A wave of selling at the tail of the session caused LME aluminum to close an intraday low of USD 1,843/mt.  
 
On Wednesday night, SHFE 1504 aluminum contract slipped to RMB 12,840/mt after starting at RMB 12,870/mt, and finished the night session at RMB 12,855/mt. Trading volumes totaled 6,150 lots, with positions up 952 to 135,788.
 
A firm dollar and falling crude oil should keep the most active SHFE aluminum contract in check between RMB 12,800-12,880/mt on Thursday. In China’s spot market, consumption will remain sluggish, with spot discounts of RMB 40-80/mt expected over SHFE 1502 aluminum contract.     
 
 
               
          
 
LME aluminum prices
SHFE aluminum prices

For queries, please contact Lemon Zhao at lemonzhao@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Related news

SMM Events & Webinars

All
MOST POPULAR
1.NEV Magnet Wire Industry Opportunity Discovery
2.Copper Substitution Market Study-Consumer Durables
3.Copper Substitution Market Study-Construction
4.Copper Substitution Market Study-Power Distribution
5.Copper Substitution Market Study-Power Transmission
Shanghai Metals Market
Privacy PolicyCompliance CentreSMM Credit ServiceContact UsAbout UsTerms & ConditionsSitemapHoliday Pricing Schedule
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 © 2025 SMM Information & Technology Co., Ltd. All rights reserved.