Non-ferrous

Base Metals

Rare Earth

Scrap Metals

Minor Metals

Precious Metals

Ferrous Metals

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

New Energy

Solar Lithium Cobalt Lithium Battery Cathode Precursor and Material Anode Materials Artificial Graphite Diaphragm Electrolyte Other Materials Chemical Compound Lithium-ion Battery Used Lithium-ion Battery Sodium-ion Battery Hydrogen Energy Energy Storage

Price Center DatabasePro Reports Events Car Insight

Home / Metal News / LME Aluminum to Face Downward Pressure (2016-8-9)

LME Aluminum to Face Downward Pressure (2016-8-9)

Aug 9, 2016 09:27

Source:SMM

Upcoming US economic data are expected to be positive, which will strengthen expectations for US rate hike.

SHANGHAI, Aug. 9 (SMM) – Upcoming US economic data are expected to be positive, which will strengthen expectations for US rate hike. This will put downward pressure on LME aluminum, with prices expected at USD 1,630-1,650/mt today.

SHFE 1610 aluminum will move at highs of RMB 12,250-12,400/mt.

In east China’s spot aluminum market, spot premiums of RMB 90-130/mt are expected over SHFE 1608 aluminum contract.

Key Macroeconomic Indicators for Base Metal Prices (2016-8-9)

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

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)

SMM Price Outlook for Base Metals on SHFE (Mar. 15, 2017)

Base metals mostly closed higher in Thursday’s overnight trading, and on Friday, China’s NPC &CPPCC will come to an end, and Chinese Premier will hold press conference.

Mar 15, 2017 09:11

SMM Insight Industry

SHFE Aluminum to Move in a Tight Range (2017-3-10)

LME aluminum will trade at USD 1,860-1,890/mt on Friday and SHFE 1705 aluminum will fluctuate between RMB 13,550-13,850/mt.

Mar 10, 2017 09:54

SMM Comments

SMM Price Outlook for Base Metals on SHFE (Mar. 10, 2017)

Overnight, base metals largely closed lower, and on Friday, the reading of US nonfarm payrolls for February will be closely watched.

Mar 10, 2017 09:18

SMM Insight Industry

SMM Price Outlook for Base Metals on SHFE (Mar. 10, 2017)

Fujian Minfa Aluminum Posts an 8.87% Decline in Revenue in 2016

According to Minfa Aluminum’s annual report, the company’s revenue was 1.042 billion yuan in 2016, down 8.87% YoY.

Mar 9, 2017 13:52

SMM Insight

Fujian Minfa Aluminum Posts an 8.87% Decline in Revenue in 2016

Alcoa announces consolidation of business units to stimulate cost cuts

Alcoa-the global industry leader in bauxite, alumina and aluminum products has announced plans to consolidate its business units, as part of its restructuring efforts.

Mar 8, 2017 13:18

Industry

Alcoa announces consolidation of business units to stimulate cost cuts

SMM Price Outlook for Base Metals on SHFE (Mar. 3, 2017)

Trading sentiment in base metal market is expected to be caution on Friday, and China’s NPC&CPPCC sessions will be opening today, and eyes should be on signals for economic work this year.

Mar 3, 2017 09:10

SMM Insight Industry

SHFE Aluminum Ends Lower (2017-3-2)

SHFE 1704 aluminum opened at RMB 14,225/mt and closed at RMB 14,145/mt.

Mar 2, 2017 17:26

SMM Comments

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 Comments

Base Metals to Diverge after US Rate Hike, SMM Says

Base metal prices are expected to diverge on Thursday after US’s rate hike decision, Shanghai Metals Market predicts.

Dec 15, 2016 09:27

SMM Insight Industry

SMM Events & Webinars

All

Apr
09
- NET ZERO MEA - Solar & Energy Storage
  Apr 09 - 10,2025
  MARRIOTT HOTEL AL JADDAF, DUBAI, UAE
Apr
09
- 2025 SMM (20th) Lead & Zinc Conference and Industry Expo
  Apr 09 - 11,2025
  To promote the sustainable development of lead and zinc industry to build a high-end, professional, pragmatic exchange p
  Nanjing · Jiangsu ·China
Apr
16
- CLNB 2025 New Energy Industry Chain Expo
  Apr 16 - 18,2025
  Suzhou International Expo Center, Jiangsu, China

LME Aluminum to Face Downward Pressure (2016-8-9)

SMM Events & Webinars

NET ZERO MEA - Solar & Energy Storage

2025 SMM (20th) Lead & Zinc Conference and Industry Expo

CLNB 2025 New Energy Industry Chain Expo