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Home / Metal News / SHFE Aluminum to Remain Strong (2015-12-17)

SHFE Aluminum to Remain Strong (2015-12-17)

Dec 17, 2015 09:57

SHFE 1602 aluminum should remain strong at RMB 10,658-10,433/mt on Thursday as longs dominate.

SHANGHAI, Dec. 17 (SMM) –SHFE 1602 aluminum should remain strong at RMB 10,658-10,433/mt on Thursday as longs dominate.

LME aluminum should move at USD 1,476-1,502/mt on Wednesday, challenging resistance at USD 1,500/mt.

See forecast for other base metals, please click: No Big Impact on Base Metal Prices from US Rate Hike, SMM Says

Spot discounts in China are expected at RMB 90-110/mt over SHFE front-month contract.

Key Macroeconomic Indicators for Base Metal Prices (2015-12-17)

SHFE aluminum prices

aluminum prices

Al price

base metal 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.

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SHFE 1708 Aluminum Drifts Lower (2017-7-4)

SHFE 1708 aluminum moved down after opening at RMB 14,090/mt on Tuesday, touching an intraday low of RMB 14,005/mt in the afternoon.

Jul 4, 2017 18:02

SMM Comments

SHFE 1708 Aluminum Drifts Lower (2017-7-4)

LME Tin to Hover at Highs (2017-7-3)

LME tin will hover around USD 20,000/mt today.

Jul 3, 2017 09:53

SMM Comments

LME Aluminum to Post Gains (2016-11-4)

LME aluminum will move at USD 1,720-1,740/mt on Friday and SHFE 1612 aluminum will range between RMB 13,400-13,600/mt.

Nov 4, 2016 09:46

SMM Comments

Chalco Cuts Aluminum Prices Sharply in Major Markets on Nov. 2

China Aluminum International Trading Co. (Chalco Trading) slashed aluminum prices it offered in major markets today, it said on its WeChat.

Nov 2, 2016 18:13

Reminder

Chalco Cuts Aluminum Prices Sharply in Major Markets on Nov. 2

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Tin prices have been performing quite well recently and will remain firm on low stocks and expectations for tightening supply, despite a strong US dollar, SMM says.

Oct 25, 2016 16:30

SMM Insight

Range-Bound Trading to Continue in Base Metals, SMM Says

Base metal prices on the SHFE are expected to keep range-bound trading on Thursday, Shanghai Metals Market foresees.

Oct 20, 2016 09:21

Industry

LME Aluminum to Move Lower (2016-10-19)

LME aluminum should drop to USD 1,640-1,665/mt on Wednesday and SHFE 1612 aluminum is expected to range between the 5 and 10-day moving averages at RMB 12,650-12,800/mt.

Oct 19, 2016 09:45

SMM Comments

LME Tin to Face Downward Pressure (2016-10-13)

LME tin will test support at USD 19,700/mt, with eyes on China foreign trade data.

Oct 13, 2016 09:46

SMM Comments

China, US Agree over Aluminum Capacity Cuts at G20 Summit

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Sep 7, 2016 10:33

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SHFE Aluminum to Remain Strong (2015-12-17)

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NET ZERO CHINA Field Trip

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