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Home / Metal News / LME Aluminum to Consolidate at Highs Next Week, SMM Expects

LME Aluminum to Consolidate at Highs Next Week, SMM Expects

Aug 12, 2016 15:30

Source:SMM

Aluminum prices on the LME and SHFE will consolidate at current highs while searching for direction next week, SMM foresees.

SHANGHAI, Aug. 12 (SMM) – Aluminum prices on the LME and SHFE will consolidate at current highs while searching for direction next week, SMM foresees.

SMM sees ME aluminum between $1,630-1,680 per tonne and SHFE 1610 aluminum between 12,100-12,500 yuan per tonne. Low aluminum stocks in China will offer support to SHFE aluminum.

Spot aluminum in east China market is expected to trade at premiums of 100-150 yuan per tonne over SHFE 1609 aluminum. For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.

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For queries, please contact William Gu at williamgu@smm.cn

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SHFE 1702 aluminum opened at RMB 12,635/mt and finally closed at RMB 12,790/mt.

Dec 27, 2016 17:37

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SHFE Aluminum Ends with Gains (2016-12-27)

LME and SHFE Aluminum to Advance Further Next Week, SMM Expects

LME and SHFE aluminum will continue rising next week, but might face selling pressure at highs, SMM predicts.

Nov 11, 2016 16:49

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LME and SHFE Aluminum to Advance Further Next Week, SMM Expects

SHFE 1611 Aluminum Trades Lower (2016-9-8)

On Wednesday’s night trading, SHFE 1611 aluminum opened at RMB 12,025/mt, and fell below RMB 12,000/mt with shorts gathering strength, and ended at RMB 11,925/mt.

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Sep 8, 2016 09:38

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Aug 30, 2016 10:03

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LME Aluminum to See Range-Bound Trading Next Week, SMM Says

LME aluminum will trade in a narrower range next week, while SHFE 1610 aluminum will consolidate at highs, SMM predicts.

Aug 26, 2016 19:56

SMM Insight

50% Chinese Aluminum Smelters See Aluminum Prices Drop This Week, SMM Survey

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Aug 23, 2016 10:25

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Chalco Continues Raising Aluminum Prices in Major Markets on August 19

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

Aug 19, 2016 12:03

Reminder

SHFE Aluminum up with Strong Long Momentum (2016-8-16)

SHFE 1610 aluminum opened high at RMB 12,335/mt overnight, and then dipped to RMB 12,310/mt with leaving of longs.

Aug 16, 2016 17:40

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SHFE 1610 Aluminum Rebounds from Lows (2016-8-11)

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Aug 11, 2016 17:07

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