Non-ferrous
Non-ferrous
Base Metals
Rare Earth
Scrap Metals
Minor Metals
Precious Metals
New Energy
Price CenterDatabaseProReportsEventsCar Insight
Language: 
SHFE Aluminum to Face Short Selling (2016-7-22)
Jul 22, 2016 09:37Source:SMM
SHFE 1609 aluminum will drop to RMB 12,200-12,370/mt as short momentum is growing.
SHANGHAI, Jul. 22 (SMM) –SHFE 1609 aluminum will drop to RMB 12,200-12,370/mt as short momentum is growing.
Manufacturing PMIs from major economies in Europe are expected to be poor. LME aluminum stocks began growing. So, LME aluminum will fall further to USD 1,580-1,610/mt.
In China’s spot aluminum market, spot premiums of RMB 80-120/mt are expected over SHFE 1608 aluminum contract.
Key Macroeconomic Indicators for Base Metal Prices (2016-7-22)
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 Tin to Hover at Highs (2017-7-3)
LME tin will hover around USD 20,000/mt today.
Jul 3, 2017 09:53
SHFE 1707 Aluminum Falls Sharply (2017-5-31)
Offshore yuan surged in morning trading, increasing risks of tightening market liquidity in the short term.
May 31, 2017 18:38
SHFE 1707 Aluminum Falls as Longs Withdraw (2017-5-24)
SHFE 1707 aluminum dipped to RMB 13,950/mt due to short selling after opening at RMB 14,055/mt on Wednesday.
May 24, 2017 17:40
SHFE Aluminum Ends with Gains (2016-12-27)
SHFE 1702 aluminum opened at RMB 12,635/mt and finally closed at RMB 12,790/mt.
Dec 27, 2016 17:37
SMM Events & Webinars
All- Apr09
NET ZERO MEA - Solar & Energy Storage
Apr 09 - 10,2025NET ZERO MEA is the premier leadership summit of solar, energy storage, and renewable energy sectors in the Mid-East.MARRIOTT 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.
