LME Aluminum to Consolidate at Highs Next Week, SMM Expects

Published: Aug 12, 2016 15:30

Save

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.

aluminum prices LME aluminum prices SHFE aluminum prices

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

20 hours ago

This Week, Platinum and Palladium Experienced Significant Pullbacks, End-Use Demand Recovered, and Spot Market Trading Was Normal [SMM Platinum and Palladium Weekly Review]

20 hours ago

Feb 6, 2026 12:00

Silver Prices Continue to Pull Back, Suppliers Remain Reluctant to Sell, Spot Market Premiums Hard to Decline [SMM Daily Review]

Feb 6, 2026 12:00

Feb 6, 2026 09:27

A gold and silver reset, not a reversal

Gold and silver have recovered part of their recent losses following one of the sharpest corrections seen in precious metals in over a decade

Feb 6, 2026 09:27