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Home / Metal News / LME Aluminum to Move Lower (2017-3-28)

LME Aluminum to Move Lower (2017-3-28)

Mar 28, 2017 09:39

LME aluminum will move between USD 1,920-1,935/mt and SHFE 1705 aluminum will move at RMB 13,550-13,750/mt.

SHANGHAI, Mar. 28 (SMM) – LME aluminum declined below the 5-day moving average after meeting resistance at USD 1,940/mt. The contract will test support at the 10-day moving average on Tuesday and will move between USD 1,920-1,935/mt. SHFE 1705 aluminum will keep falling on Tuesday and will move at RMB 13,550-13,750/mt.

In China’s domestic market, spot aluminum should trade at discounts of RMB 170-130/mt on Tuesday.

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 exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

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SHFE 1705 aluminum opened at RMB 13,830/mt and ended at RMB 13,805/mt.

Mar 22, 2017 18:02

SMM Comments

SHFE Aluminum Ends Higher (2017-3-16)

SHFE 1705 aluminum started at RMB 13,810/mt and ended at RMB 13,960/mt.

Mar 16, 2017 17:03

SMM Comments

SHFE Aluminum to Move in a Tight Range (2017-3-10)

LME aluminum will trade at USD 1,860-1,890/mt on Friday and SHFE 1705 aluminum will fluctuate between RMB 13,550-13,850/mt.

Mar 10, 2017 09:54

SMM Comments

SHFE Aluminum Ends Lower (2017-3-2)

SHFE 1704 aluminum opened at RMB 14,225/mt and closed at RMB 14,145/mt.

Mar 2, 2017 17:26

SMM Comments

SHFE Aluminum to Move Lower (2017-1-6)

SHFE 1703 aluminum started at RMB 12,620/mt and finally ended at RMB 12,510/mt.

Jan 6, 2017 21:31

SMM Comments

LME Aluminum to Move in a Tight Range (2017-1-5)

LME aluminum will fluctuate at USD 1,675-1,695/mt on Thursday and SHFE 1703 aluminum is expected to move at RMB 12,620-12,780/mt.

Jan 5, 2017 10:07

SMM Comments

LME Aluminum to Move in a Tight Range (2017-1-5)

SHFE Aluminum Closes Lower (2016-12-14)

SHFE 1702 aluminum opened at RMB 13,060/mt and finally closed at RMB 13,040/mt.

Dec 14, 2016 16:54

SMM Comments

LME Aluminum to Move Lower (2016-12-14)

LME aluminum will move at USD 1,730-1,750/mt on Wednesday and SHFE 1702 aluminum will range between RMB 12,920-13,120/mt.

Dec 14, 2016 09:27

SMM Comments

SHFE Aluminum Finishes with Losses (2016-11-15)

SHFE 1701 aluminum started at RMB 14,180/mt and finally ended at RMB 13,800/mt.

Nov 15, 2016 19:08

SMM Comments

LME Aluminum to Strengthen (2016-11-8)

LME aluminum is predicted to move at USD 1,720-1,740/mt on Tuesday and SHFE 1701 aluminum will range between RMB 13,300-13,500/mt.

Nov 8, 2016 09:38

SMM Comments

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LME Aluminum to Move Lower (2017-3-28)

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