LME Aluminum Set for Gains (2016-3-17)_SMM | Shanghai Nonferrous Metals

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Home / Metal News / Zinc / LME Aluminum Set for Gains (2016-3-17)

LME Aluminum Set for Gains (2016-3-17)

Mar 17,2016 09:46

CST

price review forecast

Source:SMM

LME aluminum should go up to USD 1,520-1.535/mt during Asian trading hours Thursday.

SHANGHAI, Mar. 17 (SMM) – LME aluminum should go up to USD 1,520-1.535/mt during Asian trading hours Thursday.

US Fed left its Federal fund rate unchanged in March overnight and lowered forecast for its rate hike, supporting commodity prices.

SHFE 1605 aluminum will range RMB 11,240-11,360/mt on Mar. 17 and spot aluminum is expected to trade between discounts of RMB 30/mt and premiums of RMB 10/mt against SHFE front-month contract.

Key Macroeconomic Indicators for Base Metal Prices (2016-3-17)

LME aluminum prices

SHFE aluminum prices

aluminum prices

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The table below shows cash to 3-month backwardation/contango of base metals on the LME on October 12.

Oct 13, 2017 10:25 timezone

CST

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LME Base Metals Cash to 3-Month Backwardation/Contango (2017-10-12)

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Sep 29, 2017 18:15 timezone

CST

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SMM Aluminum Price Falls in Week Ending September 29

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Sep 27, 2017 17:16 timezone

CST

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Aluminum Prices in East China Jump on Two Factors, SMM Reports

LME Aluminum to Fluctuate at Highs (2017-9-22)

LME aluminum will fluctuate at highs after base metals plunged yesterday, moving between USD 2,140-2,175/mt.

Sep 22, 2017 09:37 timezone

CST

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LME Aluminum to Fluctuate at Highs (2017-9-22)

Wider Spot Discounts Lure Traders into East China Aluminum Market, SMM Reports

Spot discounts in east China aluminum market widened on Thursday, attracting some traders to make purchases.

Sep 14, 2017 17:03 timezone

CST

smm insight

Wider Spot Discounts Lure Traders into East China Aluminum Market, SMM Reports

SHFE Aluminum to Rise further (2017-9-12)

LME aluminum will range USD 2,110-2,135/mt today, seeking support from SHFE aluminum.

Sep 12, 2017 09:35 timezone

CST

price review & forecast

SHFE Aluminum to Rise further (2017-9-12)

LME Aluminum to Fall further (2017-9-11)

LME aluminum will drop to USD 2,080-2,105/mt today on strong bearishness.

Sep 11, 2017 09:46 timezone

CST

price review & forecast

LME Aluminum to Fall further (2017-9-11)

Spot Discounts Narrow Sharply in East China Aluminum Market, SMM Reports

Spot discounts narrowed at a faster pace in east China spot aluminum market on Thursday.

Sep 7, 2017 13:33 timezone

CST

smm insight

Spot Discounts Narrow Sharply in East China Aluminum Market, SMM Reports

SHFE Aluminum to Strengthen (2017-9-4)

LME aluminum will rise further to USD 2,130-2,155/mt today after hitting highest since February 2013, due to positive KDJ and bullishness in other base metals.

Sep 4, 2017 09:34 timezone

CST

price review & forecast

Trading Improves after Spot Aluminum Prices Fall below 16,000 yuan/tonne, SMM Reports

Downstream producers went bargain hunting after spot aluminum prices in east China market fell below 16,000 yuan/tonne.

Aug 30, 2017 14:58 timezone

CST

smm insight

Trading Improves after Spot Aluminum Prices Fall below 16,000 yuan/tonne, SMM Reports

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1.Exclusive: China's base metals output in August

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2.SMM Morning Comments (Sep 10): Shanghai base metals were mostly lower as investors eye ECB meeting

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3.SMM Evening Comments (Sep 11): Shanghai nonferrous metals declined for the most part, zinc advanced 0.73%

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4.SMM Morning Comments (Sep 9): Shanghai base metals extended overnight losses amid unfavorable macroeconomic environment

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5.SMM Evening Comments (Sep 10): Shanghai nonferrous metals fell across the board for the 2nd day

China Metals Market

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