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 / LME Aluminum to Meet Strong Resistance (2016-1-18)

LME Aluminum to Meet Strong Resistance (2016-1-18)

Jan 18, 2016 09:53

Source:SMM

LME aluminum is expected to meet resistance at the 40-day moving average and move at USD 1,458-1,483/mt on Monday

SHANGHAI, Jan. 18 (SMM) –LME aluminum is expected to meet resistance at the 40-day moving average and move at USD 1,458-1,483/mt on Monday.

SHFE 1603 aluminum should consolidate at RMB 10,580-10,750/mt.

See forecast for other base metals, please click: Price Pattern of Stronger Shanghai Prices to Change, SMM Says

In China’s spot market, spot discounts of RMB 0-10/mt and premiums of RMB 0-30/mt are expected over SHFE 1601 contract.

Key Macroeconomic Indicators for Base Metal Prices (2016-1-18)

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

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

LME Aluminum to Find Rising Strength from SHFE Aluminum, SMM Expects

LME aluminum will find rising strength from SHFE aluminum this coming week, SMM predicts.

Apr 30, 2016 10:07

SMM Insight

SHFE Aluminum Ends with Gains (2016-3-31)

SHFE 1605 aluminum opened at RMB 11,760/mt on Thursday.

Mar 31, 2016 17:09

SMM Comments

SHFE Aluminum to Gather Strength on Softer Dollar (2016-3-30)

US Fed Chair Yellen’s cautious attitude toward rate hike path will soften the US dollar.

Mar 30, 2016 09:26

SMM Comments

Key Macroeconomic Indicators for Base Metal Prices (2016-3-25)

UK and US financial markets are closed on Friday because of the Good Friday holiday.

Mar 25, 2016 09:14

SMM Comments

About 30% of Chinese Tin Smelters See Tin Prices Rise This Week: SMM Survey

tin prices, LME tin, SHFE tin

Mar 22, 2016 10:33

SMM Comments

SHFE Tin to Face Downward Pressure (2016-3-22)

SHFE 1605 tin hit a high of RMB 110,480/mt during Monday’s night session, but then fell back to below the 10-day moving average.

Mar 22, 2016 09:28

SMM Comments

SMM Events & Webinars

All

Oct
14
- SMM LME Metals Seminar 2025
  Oct 14 - 14,2025
  London , the United Kingdom
Oct
20
- Li-ION BATTERY China
  Oct 20 - 21,2025
  Xiamen, China
Oct
20
- APAC (10th) Ni-Cr-Mn Stainless Steel & New Energy Conference 2025
  Oct 20 - 21,2025
  Xiamen, China

LME Aluminum to Meet Strong Resistance (2016-1-18)

SMM Events & Webinars

SMM LME Metals Seminar 2025

Li-ION BATTERY China

APAC (10th) Ni-Cr-Mn Stainless Steel & New Energy Conference 2025