SMM Aluminum Market Morning Review (2015-6-23)

Jun 23, 2015 09:47

LME aluminum fell to USD 1,690/mt after opening at USD 1,696/mt on Monday.

SHANGHAI, Jun. 23 (SMM) – LME aluminum fell to USD 1,690/mt after opening at USD 1,696/mt on Monday. But prices rebounded to USD 1,708/mt later as longs entered before ending up 0.68% at USD 1,707/mt. Trading volumes were down 3,699 lots to 8,457 lots, and positions were up 4,570 to 846,647. Inventories fell 10,275 mt to 3,636,975 mt.

SHFE 1508 aluminum contract rose to RMB 12,690/mt last Friday night, and is expected to follow LME aluminum up to RMB 12,670-12,750/mt on Tuesday. HSBC’s China manufacturing PMI will be eyed today. In China’s spot market, spot discounts of RMB 50-100/mt are expected over SHFE 1507 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.

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

Privacy Policy Compliance Centre SMM Credit Service Contact Us About Us Terms & Conditions Sitemap Holiday 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.

SMM Aluminum Market Morning Review (2015-6-23)

SMM Events & Webinars

NET ZERO CHINA Field Trip

2025 ASIA BATTERY MATERIAL COOPERATION SALON

SMM LME Metals Seminar 2025