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Home / Metal News / SMM Aluminum Market Morning Review (2015-4-7)

SMM Aluminum Market Morning Review (2015-4-7)

Apr 7, 2015 09:26

Despite depressed US non-farm payrolls, crude oil and gold prices rose significantly.

SHANGHAI, Apr. 7 (SMM) – Despite depressed US non-farm payrolls, crude oil and gold prices rose significantly. This should help push the most active SHFE aluminum contract up to RMB 13,360-13,410/mt on Tuesday. In China’s spot market, wait-and-see sentiment will rule the market at the beginning of the week, with spot discounts of RMB 90-130/mt expected over SHFE front-month aluminum contract.

LME aluminum prices

SHFE aluminum prices

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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SHFE 1605 aluminum has found solid support at the 5-day moving average, and should move highs at RMB 11,300-11,420/mt on Thursday.

Mar 3, 2016 09:17

SMM Comments

LME Aluminum Poised for More Gains Next Week

LME aluminum is on track for gains next week on improved market sentiment, SMM says.

Feb 20, 2016 13:34

SMM Insight

SHFE Aluminum Breaks Through RMB 11,000/mt (2016-2-16)

SHFE 1604 aluminum opened at RMB 10,900/mt on Tuesday.

Feb 16, 2016 16:47

SMM Comments

About 51% of Chinese Aluminum Smelters Bearish toward Aluminum Prices This Week, SMM Survey

About 51% of the 35 Chinese aluminum smelters surveyed by SMM see aluminum prices fall this week.

Feb 2, 2016 10:27

SMM Comments

About 32% of Chinese Aluminum Smelters Bearish toward Aluminum Prices This Week, SMM Survey

About 32% of the 25 Chinese aluminum smelters surveyed by SMM paint a dismal picture of aluminum prices this week.

Jan 19, 2016 10:16

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 (2015-10-29)

LME aluminum opened at USD 1,484/mt on Wednesday.

Oct 29, 2015 09:34

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 Morning Review (2015-10-19)

LME aluminum drifted lower after opening at USD 1,579/mt on Friday, due to a stronger US dollar and falling aluminum prices in China.

Oct 19, 2015 09:20

SMM Comments

SMM Aluminum Market Morning Review (2015-9-29)

Slump in mining giant Glencore’s shares sent LME aluminum plunging on Monday.

Sep 29, 2015 09:32

SMM Comments

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SMM Aluminum Market Morning Review (2015-4-7)

SMM Events & Webinars

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