SMM Aluminum Market Daily Review (2015-11-5)

Nov 6, 2015 10:54

SHFE aluminum extended gains on positive news. Chinese stock market rose, cheering market up.

SHANGHAI, Nov. 6 (SMM) –SHFE aluminum extended gains on positive news. Chinese stock market rose, cheering market up. Rumor says that China will hike rebate on aluminum semis exports. SHFE 1601 aluminum opened at RMB 10,535/mt on Thursday, and rose to RMB 10,620/mt. Finally, it ended up RMB 150/mt or 1.44% at RMB 10,560/mt. Trading volumes were up 117,000 lots to 307,000 lots, and positions were down 21390 to 241,000.

In east China spot aluminum market, prices tracked SHFE aluminum up on Thursday. Higher prices cooled buying interest of downstream producers. Prices were mainly between RMB 10,380-10,390/mt in Shanghai, discount of RMB 120-110/mt over SHFE 1511 aluminum, versus RMB 10,380-10,400/mt in Wuxi and RMB 10,380-10,390/mt in Hangzhou.

Al price

SHFE aluminum prices

Shanghai aluminum prices

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.

SMM Aluminum Market Daily Review (2015-11-5)

SMM Events & Webinars

NET ZERO CHINA Field Trip

2025 ASIA BATTERY MATERIAL COOPERATION SALON

SMM LME Metals Seminar 2025