Non-ferrous

Non-ferrous

Base Metals

Rare Earth

Scrap Metals

Minor Metals

Precious Metals

Ferrous Metals

Ferrous Metals

Iron Ore Index Iron Ore Price Coke Coal Pig Iron Steel Billet Finished Steel

New Energy

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 to Move Higher (2016-5-30)

SHFE Aluminum to Move Higher (2016-5-30)

May 30, 2016 10:18

Source:SMM

SHFE 1607 aluminum will rise to RMB 12,200-12,350/mt on Monday, with support at the 5-day and 40-day moving averages.

SHANGHAI, May 30 (SMM) –SHFE 1607 aluminum will rise to RMB 12,200-12,350/mt on Monday, with support at the 5-day and 40-day moving averages.

LME is closed today for Bank Holiday.

In China’s spot aluminum market, spot premiums of RMB 140-180/mt are expected over SHFE 1606 aluminum contract.

Key Macroeconomic Indicators for Base Metal Prices (2016-5-30)

SHFE aluminum prices

aluminum prices

Al price

base metal price forecast

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

Related news

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

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

time

Mar 31, 2016 17:09

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.

time

Mar 30, 2016 09:26

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.

time

Mar 25, 2016 09:14

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

tin prices, LME tin, SHFE tin

time

Mar 22, 2016 10:33

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.

time

Mar 22, 2016 09:28

Key Macroeconomic Indicators for Base Metal Prices (2016-2-25)

US January durable goods orders and eurozone January CPI are slated for release today.

time

Feb 25, 2016 09:23

About 35% of Chinese Tin Smelters Expect Tin Prices to Fall This Week: SMM Survey

About 35% of Chinese tin smelters surveyed by SMM expect tin prices to fall this week.

time

Feb 16, 2016 10:41

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

time

Jan 18, 2016 09:53

LME Tin Faces Strong Downward Pressure (2016-1-13)

LME tin will look for support at USD 13,000/mt on Wednesday.

time

Jan 13, 2016 09:42

Shorts to Predominate Base Metal Market, SMM Says

Base metal market is expected to be predominated by bearish sentiment on Jan. 13, Shanghai Metals Market predicts.

time

Jan 13, 2016 09:21

SMM Events & Webinars

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

MOST POPULAR

1.NEV Magnet Wire Industry Opportunity Discovery

2.Copper Substitution Market Study-Consumer Durables

3.Copper Substitution Market Study-Construction

4.Copper Substitution Market Study-Power Distribution

5.Copper Substitution Market Study-Power Transmission

Shanghai Metals Market

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.

Drop us a line

service.en@smm.cn

How can we help you?

+86 021 5155-0306

Live chat via WhatsApp

Copyright © 2025 SMM Information & Technology Co., Ltd. All rights reserved.