Non-ferrous

Base Metals

Rare Earth

Scrap Metals

Minor Metals

Precious Metals

Ferrous Metals

Iron Ore Index Iron Ore Price Coke Coal Pig Iron Steel Billet Finished Steel

New Energy

Solar Lithium Cobalt Cathode Material Phosphorus Carbon Anode Separator Electrolyte Battery Cell And Module Battery Recycling Nickel And Manganese Other Materials Sodium-ion Battery Hydrogen Energy

Price Center DatabasePro Reports Events Car Insight

Home / Metal News / SHFE Aluminum Hit New Low on Growing Pessimism (Jun. 30, 2015)

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

Jun 30, 2015 16:06

Source:SMM

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

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

US Fed Chair Yellen’s cautious attitude toward rate hike path will soften the US dollar.

Mar 30, 2016 09:26

SMM Comments

SHFE Aluminum Falls as Shorts Dominate (2016-1-12)

SHFE 1603 aluminum tumbled to RMB 10,760/mt during Monday’s night session, due to plunging crude oil prices and the PBOC’s intervention in RMB market.

Jan 12, 2016 17:06

SMM Comments

38% of Chinese Aluminum Smelters Bearish toward Aluminum Prices This Week, SMM Survey

38% of the 42 Chinese aluminum smelters surveyed by SMM are bearish toward this week’s aluminum prices.

Dec 29, 2015 10:15

SMM Comments

SMM Aluminum Market Morning Review (2015-10-27)

LME aluminum climbed to USD 1,516/mt after opening at USD 1,500/mt on Monday.

Oct 27, 2015 09:24

SMM Comments

SMM Aluminum Market Daily Review (2015-10-21)

SHFE 1601 aluminum contract became the most active one, whose positions surged 10,838 to 148,000.

Oct 22, 2015 09:11

SMM Comments

SHFE Aluminum Fell Below RMB 10,900/mt as Shorts Flood in (Oct. 21, 2015)

SHFE 1601 aluminum contract became the most active one, whose positions surged 10,838 to 148,000.

Oct 21, 2015 16:17

SMM Comments

SMM Aluminum Market Daily Review (2015-9-7)

SHFE 1511 aluminum rose to RMB 11,915/mt after opening at RMB 11,840/mt on Monday.

Sep 8, 2015 09:50

SMM Comments

SMM Aluminum Market Daily Review (2015-3-23)

SHFE 1506 aluminum contract climbed to RMB 13,355/mt after starting last Friday’s night session at RMB 13,285/mt, and ended at RMB 13,330/mt.

Mar 24, 2015 09:41

SMM Comments

SMM Aluminum Market Morning Review (2015-3-24)

The US dollar index fell overnight, due to dovish remarks by Vice Chair of the US Fed and ECB president’s optimism over the European economy.

Mar 24, 2015 09:14

SMM Comments

SMM Aluminum Market Morning Review (2015-3-10)

Euro zone economic data were mixed overnight.

Mar 10, 2015 09:17

SMM Comments

SMM Events & Webinars

All

Oct
20
- Li-ION BATTERY China
  Oct 20 - 21,2025
  Xiamen, China
Oct
20
- APAC (10th) Stainless Steel Industry Conference 2025
  Oct 20 - 21,2025
  Xiamen, China
Oct
22
- 2025 15th APAC TIN INDUSTRY CONFERENCE
  Oct 22 - 24,2025
  The 2025 Tin Industry Annual Conference will focus on "Opportunities and Challenges in a New Era.
  Yunnan · Gejiu

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

SMM Events & Webinars

Li-ION BATTERY China

APAC (10th) Stainless Steel Industry Conference 2025

2025 15th APAC TIN INDUSTRY CONFERENCE