SHFE Aluminum Hit New Low on Growing Pessimism (Jun. 30, 2015)

Published: Jun 30, 2015 16:06

Save

On Tuesday, SHFE nickel opened at a daily downside limit, souring sentiment in base metals market.

SHANGHAI, Jun. 30 (SMM) – On Tuesday, SHFE nickel opened at a daily downside limit, souring sentiment in base metals market. This caused SHFE 1509 aluminum contract to plunge to RMB 12,560/mt. The light metal rebounded in the afternoon, but failed to break through the daily moving average, closing at RMB 12,625/mt. Trading volumes totaled 49,992 lots, and positions were up 5,748 lots to 124,950 lots. More declines are expected on the way.

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

Feb 6, 2026 16:42

Terminal Performance "Uneven," Zinc Oxide Chinese New Year Break Up YoY

Feb 6, 2026 16:42

Feb 6, 2026 16:38

Dual Pressures Force Die-Casting Zinc Alloy Firms to Lengthen Chinese New Year Holidays

Approaching the 2026 Chinese New Year, SMM conducted communication and research on the pre-holiday break arrangements of domestic die-casting zinc alloy enterprises. This survey covered 20 enterprises, with a total annual capacity of 829,000 mt, involving a zinc consumption scale during the holiday period of approximately 45,548 mt.

Feb 6, 2026 16:38

Feb 6, 2026 16:14

Data: SHFE, DCE market movement (Feb 06)

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 06 Feb , 2026

Feb 6, 2026 16:14