LME Aluminum to Strengthen (2017-3-31)

Published: Mar 31, 2017 09:33

Save

LME aluminum will fluctuate between USD 1,955-1,980/mt and SHFE 1705 aluminum will move at RMB 13,700-14,000/mt.

SHANGHAI, Mar. 31 (SMM) – LME aluminum hit the highest level since May 2015. The contract will move higher on Friday and fluctuate between USD 1,955-1,980/mt. SHFE 1705 aluminum will test RMB 14,000/mt on Friday and move at RMB 13,700-14,000/mt.

In China’s domestic market, spot copper should trade at discounts of RMB 220-180/mt on Friday.

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

16 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]

16 hours ago

17 hours ago

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

17 hours ago

Ningbo Xinlin Mold's Anhui Pilot Center for Mg-Al Alloy & Semi-Solid Molding Officially Operational

[SMM News] It was reported that the magnesium and aluminum alloy and semi-solid mold R&D pilot center of the Anhui Luan Die-casting Mold Plant No. 3 of Ningbo Xinlin Mold Technology Co., Ltd. was officially put into operation recently. The plant had commenced production in May 2024, and the launch of the pilot center marked a key breakthrough for Xinlin Mold in capacity layout, technological R&D, and market expansion, which will further strengthen its competitiveness in the high-end die-casting mold sector.

17 hours ago