SHFE Aluminum Draws Little Support from PBOC Rate Cuts (May 11, 2015)

Published: May 11, 2015 16:30

Save

The PBOC’s interest rate cuts this past weekend had little impact on base metals market.

SHANGHAI, May 11 (SMM) – The PBOC’s interest rate cuts this past weekend had little impact on base metals market. SHFE 1507 aluminum contract fell to RMB 13,405/mt, but then rebounded to end at RMB 1,480/mt. Trading volumes totaled 42,292 lots, and positions were down 1,856 to 134,282.

SHFE aluminum prices

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

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

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

Related News

4 hours ago

Analysis of Supply, Demand and Trade Pattern in the Aluminum Market

4 hours ago

Tight Supply Outside China Continues, China’s Inventory Remains Under Pressure [SMM Analysis]

4 hours ago

Aluminum Semis Export Profits Continued to Rise, Recovering to Pre-Rebate-Cancellation Levels [SMM Analysis]

In Q1 2026, China’s aluminum semis exports showed a pronounced pattern of product-category divergence amid the interplay of three factors: the long-term impact of the cancellation of export tax rebates in December 2024, the divergence in demand structures outside China, and the sudden outbreak of geopolitical conflict in the Strait of Hormuz.....

4 hours ago