Non-ferrous

Base Metals

Rare Earth

Scrap Metals

Minor Metals

Precious Metals

Ferrous Metals

Iron Ore Index Iron Ore Price Coke Coal Pig Iron Steel Billet Finished Steel

New Energy

Solar Lithium Cobalt Cathode Material Phosphorus Carbon Anode Separator Electrolyte Battery Cell And Module Battery Recycling Nickel And Manganese Other Materials Sodium-ion Battery Hydrogen Energy

Price Center DatabasePro Reports Events Car Insight

Home / Metal News / SHFE Aluminum to Gather Strength (2015-12-29)

SHFE Aluminum to Gather Strength (2015-12-29)

Dec 29, 2015 09:39

SHFE 1603 aluminum will regained RMB 10,600/mt mark overnight and should move between RMB 10,490-10,720/mt on Tuesday.

SHANGHAI, Dec. 29 (SMM) –SHFE 1603 aluminum will regained RMB 10,600/mt mark overnight and should move between RMB 10,490-10,720/mt on Tuesday.

See forecast for other base metals, please click: Strong Dollar to Pressure the Light Trading Market, SMM Says

LME aluminum should range USD 1,520-1,535/mt.

In China’s spot market, spot discounts of RMB 0-10/mt and spot premiums of RMB 0-10/mt are expected over SHFE 1601 contract.

Key Macroeconomic Indicators for Base Metal Prices (2015-12-29)

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.

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

On Wednesday’s night trading, SHFE 1611 aluminum opened at RMB 12,025/mt, and fell below RMB 12,000/mt with shorts gathering strength, and ended at RMB 11,925/mt.

Sep 8, 2016 17:11

SMM Comments

LME Aluminum to Swing Widely (2016-9-8)

LME aluminum will move in a wide range of USD 1,580-1,610/mt on Thursday.

Sep 8, 2016 09:38

SMM Comments

Base Metals Get Support from Falling Dollar, SMM Says

Base metal prices on the SHFE are expected to get a boost from weak dollar on Thursday, Shanghai Metals Market foresees.

Aug 18, 2016 09:23

Industry

SHFE Tin to Hold Firm (2016-8-17)

Market will eye minutes of the US Fed’s latest policy meeting. LME tin will test support at USD 18,000/mt.

Aug 17, 2016 09:17

SMM Comments

LME Aluminum to Consolidate at Highs Next Week, SMM Expects

Aluminum prices on the LME and SHFE will consolidate at current highs while searching for direction next week, SMM foresees.

Aug 12, 2016 15:30

SMM Insight

SHFE 1610 Aluminum Rebounds from Lows (2016-8-11)

On Wednesday’s night trading, SHFE 1610 aluminum opened at RMB 12,485/mt and fell to RMB 12,420/mt.

Aug 11, 2016 17:07

SMM Comments

SHFE Tin to Remain under Downward Pressure (2016-8-4)

It is widely expected that the BOE will cut interest rate during its August meeting. LME tin will test resistance at USD 18,200/mt.

Aug 4, 2016 09:35

SMM Comments

SHFE Aluminum to Face Short Selling (2016-7-22)

SHFE 1609 aluminum will drop to RMB 12,200-12,370/mt as short momentum is growing.

Jul 22, 2016 09:37

SMM Comments

SHFE Tin to Face Downward Pressure (2016-7-6)

SHFE 1609 tin continued falling during Tuesday’s night session and should move at RMB 115,000-118,000/mt today.

Jul 6, 2016 09:20

SMM Comments

SHFE Tin to Face Downward Corrections (2016-7-4)

US market is closed today for the Independence Day.

Jul 4, 2016 09:27

SMM Comments

SMM Events & Webinars

All

Sep
15
- NET ZERO CHINA Field Trip
  Sep 15 - 19,2025
  中国
Sep
26
- 2025 ASIA BATTERY MATERIAL COOPERATION SALON
  Sep 26 - 26,2025
  Time：9.26 2025 Place：Seoul， South Korea
  Seoul， South Korea
Oct
14
- SMM LME Metals Seminar 2025
  Oct 14 - 14,2025
  Emmanuel Centre，London , the United Kingdom

SHFE Aluminum to Gather Strength (2015-12-29)

SMM Events & Webinars

NET ZERO CHINA Field Trip

2025 ASIA BATTERY MATERIAL COOPERATION SALON

SMM LME Metals Seminar 2025