LME Aluminum Vulnerable to Losses Next Week on Negative News from China

Published: Oct 17, 2015 12:03

Save

LME aluminum will be vulnerable to losses next week on negative news from China, SMM says.

SHANGHAI, Oct. 17 (SMM) –LME aluminum will be vulnerable to losses next week on negative news from China, SMM says.

Bearish sentiment is strong in China. The US dollar index found strong support near 94. LME aluminum has lost support at all moving averages. All these factors will push LME aluminum down below $1,550/mt.

SHFE 1512 aluminum will range 11,000-11,200 yuan per tonne, dragged by lower production costs.

Spot discounts in China will widen to 100 yuan per tonne due to high inventories.

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

LME aluminum prices aluminum price forecast

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

23 hours ago

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

23 hours ago

Feb 6, 2026 11:59

The Most-Traded SHFE Tin Contract Opened Lower and Then Traded Stronger, Spot Market Recovers Amid Downtrend [SMM Tin Midday Review]

[SMM Tin Midday Review: The Most-Traded SHFE Tin Contract Opened Lower and Then Traded Stronger, Spot Market Recovers Amid Downtrend]

Feb 6, 2026 11:59

Feb 6, 2026 08:49

The most-traded SHFE tin contract fluctuated rangebound during the night session, with downstream enterprises mostly following up with small-lot transactions. [SMM Tin Morning Brief]

[SMM Tin Morning Brief: The Most-Traded SHFE Tin Contract Fluctuated Rangebound During the Night Session, Downstream Enterprises Mostly Followed Up with Small-Lot Transactions]

Feb 6, 2026 08:49