Metals News
LME Aluminum to Drift Lower Next Week
smm insight
02:36PM
Aug 14,2015
Source:SMM

SHANGHAI, Aug. 14 (SMM) – LME aluminum will move down next week, Shanghai Metals Market foresees. 

Expectations are running that that Chinese aluminum semis will flood into overseas market after Chinese yuan depreciated. This, combined with strong resistance at moving averages, will push LME aluminum down to to $ 1,550-1,580 per tonne. 

SHFE 1510 aluminum might drop to 19,950-12,150 yuan per tonne, as production cuts are insufficient to offset slowing consumption. 

In China’s spot market, spot discounts will widen to 40-80 yuan per tonne over SHFE 1508 contract.  

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




A00 Aluminum Ingot 7 Day Chart

Al price
LME aluminum prices
SHFE aluminum prices
aluminum price forecast
SMM review & forecast
For queries, please contact Frank LIU at liuxiaolei@smm.cn
For more information on how to access our research reports, please email service.en@smm.cn
Related Price

No Data