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Home / Metal News / LME Aluminum to Challenge Previous High (2016-8-17)

LME Aluminum to Challenge Previous High (2016-8-17)

Aug 17, 2016 09:15

Source:SMM

The US dollar index should take a break after big falls overnight.

SHANGHAI, Aug. 17 (SMM) – The US dollar index should take a break after big falls overnight. Crude oil prices will find support from news on output freeze. LME aluminum will challenge previous resistance at USD 1,703/mt and move between USD 1,675-1,705/mt.

SHFE 1610 aluminum will move at RMB 12,380-12,550/mt.

In east China’s spot aluminum market, spot premiums of RMB 70-110/mt are expected over SHFE 1608 aluminum contract.

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LME aluminum will fall to USD 2,060-2,090/mt today since LME aluminum stocks are beginning to rise.

Aug 23, 2017 09:32

SMM Comments

LME Aluminum to Fall on Growing Stocks (2017-8-23)

SHFE Aluminum to Trade in Wide Range (2017-8-18)

LME aluminum will range USD 2,055-2,075/mt today and test support at the 5-day moving average.

Aug 18, 2017 09:34

SMM Comments

SHFE Aluminum to Trade in Wide Range (2017-8-18)

SHFE 1710 Aluminum Falls Back after Initial Rise (2017-8-16)

SHFE 1710 aluminum opened at RMB 15,890/mt on Wednesday.

Aug 16, 2017 17:19

SMM Comments

SHFE 1710 Aluminum Falls Back after Initial Rise (2017-8-16)

LME Aluminum to Struggle around Moving Averages (2017-8-2)

LME aluminum should continue struggling around moving averages and range USD 1,903-1,917/mt today.

Aug 2, 2017 09:34

SMM Comments

LME Aluminum to Struggle around Moving Averages (2017-8-2)

SHFE 1709 Aluminum Rises Sharply (2017-7-31)

SHFE 1709 aluminum rose sharply on Monday as lots of positive news attracted longs to raise bullish bets.

Jul 31, 2017 19:09

SMM Comments

SHFE 1709 Aluminum Rises Sharply (2017-7-31)

SMM Sees Aluminum as Worst Performer among Base Metals

Aluminum will underperform other base metals this week, given the lack of further production cuts and poor market fundamentals, SMM predicts.

Jul 31, 2017 11:31

SMM Insight Industry

SMM Sees Aluminum as Worst Performer among Base Metals

China 10 Nonferrous Metals Output Rises 7.2% in H1 2017

China’s output of ten nonferrous metals increased 7.2% year-on-year to 27.60 million tonnes in the first half of 2017, with growth up 7.1 percentage points year-on-year, according to National Developm

Jul 31, 2017 11:21

Industry

China 10 Nonferrous Metals Output Rises 7.2% in H1 2017

LME Aluminum to Fall Back from Highs (2017-7-28)

LME aluminum will fall back to USD 1,930-1,950/mt today deu to strong resistance at above USD 1,950/mt.

Jul 28, 2017 09:42

SMM Comments

LME Aluminum to Fall Back from Highs (2017-7-28)

SMM Price Outlook for Base Metals on SHFE (Jul. 28, 2017)

On Thursday’s night trading, base metals were mixed, with nickel and tin outperforming, and prices are expected to keep diverging on Friday.

Jul 28, 2017 09:12

SMM Insight Industry

SMM Price Outlook for Base Metals on SHFE (Jul. 28, 2017)

LME Aluminum to Rise (2017-7-27)

The US dollar index fell to its lowest since July at 93.349 following the US Fed’s decision not to hike rate.

Jul 27, 2017 09:46

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LME Aluminum to Challenge Previous High (2016-8-17)

SMM Events & Webinars

NET ZERO EUROPE - Solar & Energy Storage Summit

2nd Li-ion Battery Europe 2024

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