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 Ternary Precursor and Material Anode Materials Chemical Compound Lithium-ion Battery Used Lithium-ion Battery Sodium-ion Battery Hydrogen Energy Energy Storage

Dashboard DatabasePro Reports Events Consulting

Home / Metal News / LME Aluminum Sets with Losses (2016-11-17)

LME Aluminum Sets with Losses (2016-11-17)

Nov 17, 2016 09:49

Source:SMM

LME aluminum will move between USD 1,687-1,714/mt on Thursday and SHFE 1701 aluminum will range at RMB 13,200-13,500/mt.

SHANGHAI, Nov. 17 (SMM) – LME aluminum will keep downward momentum on Thursday and test support at the 40-day moving average. The contract is predicted to move between USD 1,687-1,714/mt on Thursday and SHFE 1701 aluminum will range at RMB 13,200-13,500/mt.

In China’s domestic market, spot aluminum should trade at premiums of RMB 400-440/mt on Thursday.

SHFE aluminum

LME aluminum

aluminum prices

For queries, please contact Michael Jiang at michaeljiang@smm.cn

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

Novelis Inc. has announced that it has more than tripled its net income during the first quarter of fiscal year 2018.

Aug 9, 2017 13:18

Industry

Novelis Reports Over Three-Fold Jump in Net Income In Q1 of Fiscal 2018

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)

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

SMM Comments

SHFE 1709 Aluminum Rises on Long Buying (2017-7-25)

SHFE 1709 aluminum opened at RMB 14,465/mt on Tuesday.

Jul 25, 2017 19:50

SMM Comments

SHFE 1709 Aluminum Rises on Long Buying (2017-7-25)

SHFE 1709 Aluminum Falls Back After Rising Initially (2017-7-20)

SHFE 1709 aluminum opened at RMB 14,430/mt on Thursday, and jumped to RMB 14,520/mt.

Jul 20, 2017 17:28

SMM Comments

SHFE 1709 Aluminum Falls Back After Rising Initially (2017-7-20)

Rome Not Built in One Day, SMM Analysis of China Aluminum Cuts

Despite large size of the latest round of aluminum output cuts in China, the process might take at least more than four weeks to be completed, SMM estimates.

Jul 19, 2017 16:51

SMM Insight Industry

Rome Not Built in One Day, SMM Analysis of China Aluminum Cuts

SMM Events & Webinars

All

Oct
09
- NET ZERO EUROPE - Solar & Energy Storage Summit
  Oct 09 - 10,2024
  THE EGG BRUSSELS, BELGIUM
Oct
08
- 2nd Li-ion Battery Europe 2024
  Oct 08 - 10,2024
  THE EGG BRUSSELS, BELGIUM
Jun
24
- 2024 Global Renewable Metal Industry Chain Summit
  Jun 24 - 25,2024
  To foster international cooperation and dialogue among industry colleagues
  Kuala Lumpur , Malaysia

LME Aluminum Sets with Losses (2016-11-17)

SMM Events & Webinars

NET ZERO EUROPE - Solar & Energy Storage Summit

2nd Li-ion Battery Europe 2024

2024 Global Renewable Metal Industry Chain Summit