Non-ferrous
Non-ferrous
Base Metals
Rare Earth
Scrap Metals
Minor Metals
Precious Metals
New Energy
Price CenterDatabaseProReportsEventsCar Insight
Language: 
SHFE Aluminum to Hover at Highs (2016-6-30)
Jun 30, 2016 09:17Source:SMM
Strike threat in Norway and falling crude oil supply in Venezuela allowed crude oil prices to stay at highs.
SHANGHAI, Jun. 30 (SMM) – Strike threat in Norway and falling crude oil supply in Venezuela allowed crude oil prices to stay at highs. LME aluminum has been rising for two consecutive days, nearing last week’s high, and should remain strong at USD 1,625-1,645/mt today.
Tight supply in domestic spot market and strong LME aluminum will allow SHFE 1608 aluminum to hover at highs of RMB 12,350-12,500/mt.
In China’s spot aluminum market, spot premiums of RMB 40-80/mt are expected over SHFE 1607 aluminum contract.
Key Macroeconomic Indicators for Base Metal Prices (2016-6-30)
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 to See Greater Volatility (2017-9-20)
LME aluminum rose yesterday with positions down sharply, indicating strong risk aversion.
Sep 20, 2017 09:27
LME Aluminum to Meet Resistance (2017-8-29)
LME aluminum will meet resistance at the 5-day and 10-day moving averages and range USD 2,060-2,085/mt today.
Aug 29, 2017 09:49LME Aluminum to Continue Testing Support (2017-8-25)
LME aluminum will continue testing support at the 5-day moving average and range USD 2,085-2,105/mt today.
Aug 25, 2017 09:20Key Macroeconomic Indicators for Base Metal Prices (2017-7-4)
Market will eye the euro zone’s May PPI on Tuesday.
Jul 4, 2017 09:39
LME Aluminum to Lose Upward Momentum (2017-7-3)
LME aluminum will run out of steam and range USD 1,910-1,930/mt today.
Jul 3, 2017 09:50
SHFE 1707 Aluminum Hovers Narrowly on Pre-Holiday Caution (2017-5-26)
SHFE 1707 aluminum dipped to RMB 14,040/mt after opening at RMB 14,080/mt on Friday.
May 26, 2017 17:29
SMM Events & Webinars
All- May15
2025 SMM SOUTH AMERICAN LITHIUM RESOURCES FIELD TRIP
May 15 - 25,2025Argentina & Brazil
- May20
2025 SMM ASIA METALS SEMINAR
May 20 - 20,2025Global Metals Market in Flux Geopolitics, Policies, FundamentalsNovotel Century, Hong Kong, China
- May22
2025 SMM 3rd Wire & Cable Conference & Expo
May 22 - 23,2025Suzhou, Jiangsu, China
Shanghai Metals Market
Privacy PolicyCompliance CentreSMM Credit ServiceContact UsAbout UsTerms & ConditionsSitemapHoliday 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.
