LME Aluminum to Face Downward Pressure (2016-5-10)

Published: May 10, 2016 09:43

Save

LME aluminum will face downward pressure from falling crude oil, and move at USD 1,540-1,570/mt on Tuesday.

SHANGHAI, May 10 (SMM) –LME aluminum will face downward pressure from falling crude oil, and move at USD 1,540-1,570/mt on Tuesday.

SHFE 1607 aluminum will move at RMB 11,750-12,000/mt, testing support at the 60-day moving average.

In China’s spot aluminum market, spot discounts of RMB 0-20/mt and spot premiums of RMB 0-20/mt are expected over SHFE 1605 aluminum contract.

Key Macroeconomic Indicators for Base Metal Prices (2016-5-10)

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 communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

22 hours ago

Terminal Performance "Uneven," Zinc Oxide Chinese New Year Break Up YoY

22 hours ago

Dual Pressures Force Die-Casting Zinc Alloy Firms to Lengthen Chinese New Year Holidays

Approaching the 2026 Chinese New Year, SMM conducted communication and research on the pre-holiday break arrangements of domestic die-casting zinc alloy enterprises. This survey covered 20 enterprises, with a total annual capacity of 829,000 mt, involving a zinc consumption scale during the holiday period of approximately 45,548 mt.

22 hours ago

Data: SHFE, DCE market movement (Feb 06)

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 06 Feb , 2026

22 hours ago