SHFE Aluminum Ends Higher (2017-3-13)

Published: Mar 13, 2017 17:46

Save

SHFE 1705 aluminum started at RMB 13,805/mt and closed at RMB 13,880/mt.

SHANGHAI, Mar. 13 (SMM) – On Monday, SHFE 1705 aluminum started at RMB 13,805/mt and then advanced to RMB 13,920/mt with rising ferrous metals. The contract dipped quickly to RMB 13,760/mt after met resistance at the 10-day moving average. SHFE 1705 aluminum later rallied and closed at RMB 13,880/mt. Trading volumes increased to 346,136 lots and positions rose 8,206 to 300,436.

SHFE 1705 aluminum will fluctuate at current prices on Monday’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 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

1 hour ago

Danantara Begins $5.8B Aluminum Smelter Project in West Kalimantan

[SMM Aluminum Express News] Danantara officially began construction on a major aluminum smelter and alumina refinery (SGAR) in Mempawah, West Kalimantan, on February 6, 2026. The total investment is Rp 87.7 trillion. The project, managed by Inalum and Antam, will have a 1-million-ton annual capacity.

1 hour ago

19 hours ago

2026 Arrangements for Secondary Aluminum Alloy Enterprises During Chinese New Year Break [SMM Analysis]

[SMM Analysis]2026 Arrangements for Secondary Aluminum Alloy Enterprises During Chinese New Year Break [SMM Analysis]

19 hours ago

20 hours ago

Costs Drag Down Supply-Demand Pressure, Aluminum Auxiliary Material Prices Under Pressure and Weaken [SMM Analysis]

20 hours ago