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Home / Metal News / SHFE Aluminum to See Big Volatility (2016-6-13)

SHFE Aluminum to See Big Volatility (2016-6-13)

Jun 13, 2016 09:21

Source:SMM

China will release money supply for May today.

SHANGHAI, Jun. 13 (SMM) – China will release money supply for May today. Six Chinese aluminum smelters will hold a meeting today to discuss aluminum prices. This will leave SHFE 1608 aluminum moving widely between RMB 11,750-11,970/mt today.

A strong dollar will send LME aluminum down to USD 1,560-1,580/mt.

In China’s spot aluminum market, spot premiums of RMB 0-40/mt are expected over SHFE 1606 aluminum contract.

Key Macroeconomic Indicators for Base Metal Prices (2016-6-13)

SHFE aluminum prices

aluminum prices

Al price

base metal price forecast

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On Wednesday’s night trading, the dollar stopped falling, but a weak dollar is expected to be remain, and base metals will keep fluctuating.

Jul 20, 2017 09:38

SMM Insight Industry

SMM Price Outlook for Base Metals on SHFE (Jul. 20, 2017)

LME Aluminum to Fluctuate at Highs (2017-4-26)

LME aluminum should move at highs of USD 1,950-1,975/mt today.

Apr 26, 2017 09:40

SMM Comments

LME Aluminum to Fluctuate at Highs (2017-4-26)

LME Aluminum to Strengthen (2017-3-31)

LME aluminum will fluctuate between USD 1,955-1,980/mt and SHFE 1705 aluminum will move at RMB 13,700-14,000/mt.

Mar 31, 2017 09:33

SMM Comments

Base Metals to Diverge, SMM Says

Base metal prices on the SHFE are expected to diverge on Friday, Shanghai Metals Market foresees.

Dec 9, 2016 09:15

SMM Insight Industry

Volatility to Grow in Base Metals, SMM Says

Base metal prices on the SHFE are expected to be volatile on Thursday, Shanghai Metals Market foresees.

Dec 8, 2016 09:14

SMM Insight Industry

Base Metals to Swing in Wide Range, SMM Says

Base metal prices on the SHFE are expected to trade in a wide range this week, Shanghai Metals Market predicts.

Dec 5, 2016 09:18

SMM Insight Industry

Caution Grows ahead of US Nonfarm Data, SMM Says

Base metal prices on the SHFE are expected to trade cautiously during Asian trading hours on Friday, Shanghai Metals Market foresees.

Dec 2, 2016 09:14

SMM Insight Industry

SHFE Aluminum to See Range-Bound Trading (2016-9-2)

SHFE 1610 aluminum will struggle around the 5-day moving average due to strong market caution, with prices expected at RMB 12,100-12,250/mt.

Sep 2, 2016 09:25

SMM Comments

SHFE 1610 Aluminum Falls Back After Initial Gains (2016-8-29)

Last Friday’s night trading, SHFE 1610 aluminum slid to RMB 12,310/mt after opening at RMB 12,330/mt.

Aug 29, 2016 21:03

SMM Comments

Chalco Cuts Aluminum Prices in Major Markets on August 22

China Aluminum International Trading Co. (Chalco Trading) cut aluminum prices it offered in major markets today, it said on its WeChat.

Aug 22, 2016 10:57

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SHFE Aluminum to See Big Volatility (2016-6-13)

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