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 Falls RMB 20/mt (Mar. 10, 2016)

SHFE Aluminum Falls RMB 20/mt (Mar. 10, 2016)

Mar 10, 2016 17:03

Source:SMM

SHFE 1605 aluminum started at RMB 11,355/mt for night trading Wednesday and then fluctuated around moving averages before ending at RMB 11,350/mt.

SHANGHAI, Mar. 10 (SMM) – SHFE 1605 aluminum started at RMB 11,355/mt for night trading Wednesday and then fluctuated around moving averages before ending at RMB 11,350/mt.

SHFE aluminum opened at RMB 11,350/mt during Thursday trading session and once sank to RMB 11,300/mt, to end at RMB 11,315/mt, a fall of RMB 20/mt. Trading volumes reduced 128,000 to 168,332 lots and positions also dropped 6,146 to 235,698.

SHFE 1605 aluminum should hover between the 10 and 20-day moving averages this evening.

SHFE aluminum prices

al prices

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

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

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

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

Jan 18, 2016 09:53

SMM Comments

SHFE Aluminum Falls as Shorts Dominate (2016-1-12)

SHFE 1603 aluminum tumbled to RMB 10,760/mt during Monday’s night session, due to plunging crude oil prices and the PBOC’s intervention in RMB market.

Jan 12, 2016 17:06

SMM Comments

SHFE Aluminum Rises on Alumina Output Cut Rumors (2016-1-11)

SHFE aluminum shot up on Monday due to rumors that a large Chinese alumina producer will shut down.

Jan 11, 2016 17:22

SMM Comments

Chalco Cuts Aluminum Prices This Week After Consecutive Hikes

China Aluminum International Trading Co. (Chalco Trading) cut aluminum prices this past week after price hike for weeks, it said on its WeChat.

Jan 8, 2016 11:07

Reminder

SHFE Aluminum to Gather More Strength (2016-1-8)

SHFE 1603 aluminum bottomed out during Thursday’s night session, and should rise further to RMB 10,520-10,818/mt on Friday.

Jan 8, 2016 09:42

SMM Comments

38% of Chinese Aluminum Smelters Bearish toward Aluminum Prices This Week, SMM Survey

38% of the 42 Chinese aluminum smelters surveyed by SMM are bearish toward this week’s aluminum prices.

Dec 29, 2015 10:15

SMM Comments

Which Side Wins Tug of War in Chinese Aluminum Market?

Despite recent reports of production cuts or closures in China, aluminum prices remain stuck in a downward track, a trend unlikely to reverse anytime soon.

Oct 29, 2015 10:56

Industry

How Far Down is Aluminum Price? SMM Annual Summit Foresees

Aluminum market is now in the spotlight, and SHFE aluminum prices have tumbled by 17.3% so far this year.

Oct 28, 2015 09:57

Industry

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) Stainless Steel Industry Conference 2025
  Oct 20 - 21,2025
  Xiamen, China

SHFE Aluminum Falls RMB 20/mt (Mar. 10, 2016)

SMM Events & Webinars

SMM LME Metals Seminar 2025

Li-ION BATTERY China

APAC (10th) Stainless Steel Industry Conference 2025