Where Is Support for LME Aluminum Next Week?

Published: Jun 12, 2015 16:19

Save

Despite lingering bearishness in commodity market, LME aluminum has found solid support at $1,750 per tonne, and is likely to range $1,730-1,770 per tonne next week, Shanghai Metals Market foresees.

SHANGHAI, Jun. 12 (SMM) – Despite lingering bearishness in commodity market, LME aluminum has found solid support at $1,750 per tonne, and is likely to range $1,730-1,770 per tonne next week, Shanghai Metals Market foresees.

Spot discounts in China should widen to 80-120 yuan per tonne after delivery of SHFE 1506 aluminum contract.

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.

LME aluminum prices SHFE aluminum prices aluminum price forecast SMM review & forecast

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

Feb 6, 2026 17:46

This Week, Platinum and Palladium Experienced Significant Pullbacks, End-Use Demand Recovered, and Spot Market Trading Was Normal [SMM Platinum and Palladium Weekly Review]

Feb 6, 2026 17:46

Feb 6, 2026 12:00

Silver Prices Continue to Pull Back, Suppliers Remain Reluctant to Sell, Spot Market Premiums Hard to Decline [SMM Daily Review]

Feb 6, 2026 12:00

Feb 6, 2026 09:27

A gold and silver reset, not a reversal

Gold and silver have recovered part of their recent losses following one of the sharpest corrections seen in precious metals in over a decade

Feb 6, 2026 09:27