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Home / Metal News / SMM Aluminum Market Morning Review (2015-9-7)

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

Sep 7, 2015 09:22

Source:SMM

US non-farm payrolls missed forecasts, but jobless rate hit over 7-year low.

SHANGHAI, Sept. 7 (SMM) – US non-farm payrolls missed forecasts, but jobless rate hit over 7-year low. LME aluminum fell back after opening higher at USD 1,630/mt last Friday. The light metal ended down USD 15/mt or 0.92% at USD 1,610/mt. Trading volumes were down 5,374 lots to 9,301 lots, and positions were up 3,003 to 837,000.

SHFE 1511 aluminum should meet strong resistance at moving averages and move between RMB 11,820-11,900/mt on Tuessday. In China’s spot market, growing arrivals after the 3-day holiday will add to supply pressure and leave spot discounts at RMB 60-20/mt over SHFE 1509 aluminum contract.

Al price

LME aluminum prices

SHFE aluminum prices

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Mar 30, 2016 09:26

SMM Comments

LME Aluminum Poised for More Gains Next Week

LME aluminum is on track for gains next week on improved market sentiment, SMM says.

Feb 20, 2016 13:34

SMM Insight

About 32% of Chinese Aluminum Smelters Bearish toward Aluminum Prices This Week, SMM Survey

About 32% of the 25 Chinese aluminum smelters surveyed by SMM paint a dismal picture of aluminum prices this week.

Jan 19, 2016 10:16

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 (2015-10-29)

LME aluminum opened at USD 1,484/mt on Wednesday.

Oct 29, 2015 09:34

SMM Comments

East China Aluminum Prices Rebound After Continuous Falls (Oct. 27, 2015)

In east China spot aluminum market, suppliers continued holding back goods.

Oct 27, 2015 16:12

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

East China Aluminum Prices Tumbled on Panic Selling (Oct. 23, 2015)

In east China spot aluminum market, suppliers scrambled to sell in panic at lower prices after SHFE aluminum slumped.

Oct 23, 2015 13:07

SMM Comments

East China Aluminum Prices Continue Falling, Spot Discounts Widen Further (Oct. 22, 2015)

SHFE 1511 aluminum fell to RMB 10,750/mt on Thursday morning.

Oct 22, 2015 13:07

SMM Comments

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