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

Published: Dec 27, 2016 17:37

Save

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

SHANGHAI, Dec. 27 (SMM) – On Tuesday, SHFE 1702 aluminum opened at RMB 12,635/mt and then advanced before fluctuated at around RMB 12,700/mt. The contract later climbed above RMB 12,700/mt to RMB 12,815/mt with positions closing shorts but met resistance at the 10-day moving average. SHFE 1702 aluminum finally closed at RMB 12,790/mt. Trading volumes fell to 12,790 lots and positions dropped 7,806 to 238,486.

SHFE 1702 aluminum is expected to challenge the 10-day moving average on Tuesday’s night trading.

SHFE aluminum LME aluminum 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 for 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

19 mins ago

Philippine DTI Plans Mandatory Certification for Aluminum Products Ensuring Quality and Safety Standards

According to Philippine media reports on the 12th, the Philippine Department of Trade and Industry (DTI) was planning to push for the establishment of a mandatory certification program for aluminum products that requires local and foreign manufacturing enterprises in the Philippines to obtain official Philippine quality and safety permits in advance and adopts a "one plant, one certificate" certification approach.

19 mins ago

Jiangsu Dingchen Begins Construction on 30,000 mt Enameled Wire Project

On August 8, construction started on Jiangsu Dingchen's project with an annual output of 30,000 mt of enameled copper wire and aluminum wire. The project will construct an R&D office complex of more than 6,000 m² and production workshops and ancillary buildings of more than 8,000 m², and add multiple intelligent production lines for enameled round and flat wire.

19 mins ago

20 mins ago

Hebei Shengzhuo's Rare Earth Aluminum Project Launches, Reducing Costs and Energy Consumption

On August 10, 2026, the 150,000 mt rare earth aluminum alloy project of Quantum Digital New Materials Co., Ltd. under Hebei Shengzhuo Group was put into production. The project adopts two operating models: direct molten aluminum supply and aluminum ingot exports. Direct molten aluminum supply can save downstream clients 600 to 700 yuan per mt in costs and reduce comprehensive energy consumption by 30%-40%. The project uses cutting-edge processes such as a LIBS intelligent sorting system and a twin-chamber reverberatory furnace, achieving a metal burn-off rate of only 0.6% and a metal recovery rate from aluminum dross of over 95%. After harmless treatment, the aluminum dross is used as raw material for building materials, thereby achieving closed-loop "zero waste discharge" production. :

20 mins ago