Non-ferrous
Non-ferrous
Base Metals
Rare Earth
Scrap Metals
Minor Metals
Precious Metals
New Energy
Price CenterDatabaseProReportsEventsCar Insight
Language: 
LME Aluminum to Face Downward Pressure (2016-7-8)
Jul 8, 2016 09:33Source:SMM
Positive US ADP employment means US non-farm payrolls will not be bad, which will favor the US dollar.
SHANGHAI, Jul. 8 (SMM) – Positive US ADP employment means US non-farm payrolls will not be bad, which will favor the US dollar. This will pile downward pressure on LME aluminum, with prices expected at USD 1,630-1,645/mt.
SHFE 1609 aluminum will move at RMB 12,400-12,500/mt.
In China’s spot aluminum market, spot premiums of RMB 60-100/mt are expected over SHFE 1607 aluminum contract.
Key Macroeconomic Indicators for Base Metal Prices (2016-7-8)
SHFE aluminum prices
aluminum prices
Al price
base metal price forecast
For queries, please contact William Gu at williamgu@smm.cn
For more information on how to access our research reports, please email service.en@smm.cn
Related news
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
SHFE Aluminum Finishes with Gains (2017-3-31)
SHFE 1705 aluminum opened at RMB 13,815/mt and closed at RMB 13,995/mt.
Mar 31, 2017 19:56
SHFE Aluminum Ends Lower (2016-12-26)
SHFE 1702 aluminum opened at RMB 12,670/mt and closed at RMB 12,640/mt.
Dec 26, 2016 19:44
SMM Events & Webinars
All- Apr09
NET ZERO MEA - Solar & Energy Storage
Apr 09 - 10,2025MARRIOTT HOTEL AL JADDAF, DUBAI, UAE
- Apr09
2025 SMM (20th) Lead & Zinc Conference and Industry Expo
Apr 09 - 11,2025To promote the sustainable development of lead and zinc industry to build a high-end, professional, pragmatic exchange pNanjing · Jiangsu ·China
- Apr16
CLNB 2025 New Energy Industry Chain Expo
Apr 16 - 18,2025Suzhou International Expo Center, 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.
