How Will Aluminum Prices Move After 11-Day Losing Streak? SMM Interviews

Oct 27, 2015 14:19

Source:SMM

SHFE aluminum suffered an 11-day losing run as of October 26, ending the day at 10,465 yuan per tonne.

SHANGHAI, Oct. 27 (SMM) – SHFE aluminum suffered an 11-day losing run as of October 26, ending the day at 10,465 yuan per tonne.

“Continuously falling costs and aluminum production were the major culprits for the slump”, an analyst from Ruda Futures told SMM in latest interview.

The analyst sees SHFE aluminum vulnerable at 10,400 yuan per tonne mark.

SHFE aluminum inventories totaled 290,400 tonnes as of October 23, the highest in nearly one month, reflecting tepid consumption.

The article is edited by SMM and is provided for information purpose only. SMM assumes no liability and does not warrant the accuracy, reliability or completeness of information contained or quoted in the article, either express or implied. SMM further disclaims any liability for losses in connection with the information contained or quoted in the article.

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

SHFE 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 exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

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

Privacy Policy Compliance Centre SMM Credit Service Contact Us About Us Terms & Conditions Sitemap Holiday Pricing Schedule

Notice: By accessing this site you agree that you will not copy or reproduce any part of its contents (including, but not limited to, single prices, graphs or news content) in any form or for any purpose whatsoever without the prior written consent of the publisher.

How Will Aluminum Prices Move After 11-Day Losing Streak? SMM Interviews

SMM Events & Webinars

NET ZERO CHINA Field Trip

SMM Indonesia Seminar: Li-ion Battery & Energy Storage

2025 ASIA BATTERY MATERIAL COOPERATION SALON