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

Published: Jun 23, 2015 09:47

Save

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 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

8 hours ago

Data: SHFE, DCE market movement (Mar 17)

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 17 Mar , 2026

8 hours ago

11 hours ago

Nickel Prices Decline as Supply Holds Firm and Stainless Steel Demand Weakens

[SMM Nickel Flash] March 17 News. Supply side, some smelters held firm on quotations, but amid the futures decline and stainless steel finished product prices coming under pressure, some traders feared buying at elevated levels. Demand side, terminal demand remained weak and struggled to accept high prices for stainless steel finished products. Meanwhile, the cost advantage of steel scrap widened, and steel mills' willingness to procure high-grade NPI turned sluggish again.

11 hours ago

SMM Nickel Flash: High-Grade NPI Sentiment Factors Decline in March

[SMM Nickel Flash] News on March 17: The SMM high-grade NPI market sentiment factor was 2.23, down 0.03 MoM; the upstream sentiment factor for high-grade NPI was 2.85, down 0.04 MoM; and the downstream sentiment factor for high-grade NPI was 1.6, down 0.03 MoM.

11 hours ago