More Gains in Sight for LME Aluminum After 7-Month High, SMM Predicts

Apr 22, 2016 19:54

Source:SMM

LME aluminum will see more gains this coming week after hitting a 7-month high, SMM expects.

SHANGHAI, Apr. 22 (SMM) – LME aluminum will see more gains this coming week after hitting a 7-month high, SMM expects.

SMM sees LME aluminum at $1,620-1,660 per tonne, driven mainly by strong SHFE aluminum.

Aluminum stocks in China continued falling, and this will drive SHFE 1606 aluminum up to 12,800 yuan per tonne.

In domestic spot market, downstream stocking for upcoming May Day holiday will allow spot aluminum to trade at discounts of 0-10 yuan per tonne over SHFE 1605 aluminum.

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.

aluminum prices

LME aluminum prices

SHFE 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

Privacy Policy Compliance Centre SMM Credit Service Contact Us About Us Terms & Conditions Sitemap Holiday Pricing Schedule

Notice: By accessing this site you agree that you will not copy or reproduce any part of its contents (including, but not limited to, single prices, graphs or news content) in any form or for any purpose whatsoever without the prior written consent of the publisher.

More Gains in Sight for LME Aluminum After 7-Month High, SMM Predicts

SMM Events & Webinars

SMM LME Metals Seminar 2025

Li-ION BATTERY China

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