SMM App
AndroidiOS
Holiday Pricing ScheduleFREE TRIALCompliance Centre
gloablLanguage:  language-iconlanguage-iconlanguage-iconlanguage-iconlanguage-icon
MarketsNews
Non-ferrous
Non-ferrous
Base Metals
Rare Earth
Scrap Metals
Minor Metals
Precious Metals
Ferrous Metals
Ferrous Metals
Iron Ore IndexIron Ore PriceFinished SteelCokeCoalPig IronSilicon Steel
New Energy
New Energy
SolarLithiumCobaltLithium Battery Cathode Precursor and MaterialAnode MaterialsArtificial GraphiteDiaphragmElectrolyteOther MaterialsChemical CompoundLithium-ion BatteryUsed Lithium-ion BatterySodium-ion BatteryHydrogen EnergyEnergy Storage
Price CenterDatabaseProReportsEventsCar Insight
Home / Metal News / LME Aluminum to Continue Outperforming SHFE Aluminum This Week, SMM Predicts

LME Aluminum to Continue Outperforming SHFE Aluminum This Week, SMM Predicts

iconApr 24, 2017 09:36
Source:SMM
LME aluminum will continue outshining SHFE aluminum this week, SMM expects.

SHANGHAI, Apr. 24 (SMM) – LME aluminum will continue outshining SHFE aluminum this week, SMM expects.

 Steadily falling LME aluminum stocks will help LME aluminum, already above all moving averages, drift higher to $ 1,915-1,990/tonne. Detailed regulations for crackdowns on construction of illegal aluminum projects are likely to be released soon. This will allow SHFE aluminum to continue performing better than other base metals. SHFE 1706 aluminum should trade between 14,100-14,700 yuan/tonne.

Will Supply Side Reform Be Game Changer for Aluminum Prices? SMM Reports     

In China’s spot market, plentiful supply will leave suppliers more willing to sell at highs. Downstream producers will build up stocks for upcoming May Day holiday on May 1. Spot discounts are expected between RMB 200-140/mt over SHFE 1705 aluminum.  
For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.
 

LME aluminum prices
SHFE aluminum prices
aluminum prices

For queries, please contact William Gu at williamgu@smm.cn

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

Related news
    timeFeb 22, 2022 15:05
    timeFeb 22, 2022 13:07
    timeFeb 22, 2022 12:00
    timeFeb 22, 2022 12:04
    timeFeb 22, 2022 11:57
    timeFeb 22, 2022 11:57
    timeFeb 22, 2022 11:48
    timeFeb 22, 2022 11:38
    timeFeb 22, 2022 11:10
    timeFeb 22, 2022 16:10

SMM Events & Webinars

All
MOST POPULAR
1.Research On The Supply Chain Of Aluminum Anti-collision Beams For Automobiles
2.Aluminum Wire Supplier Screening
3.Cost Analysis Of AL Extrusion For Target Units
4.Research On The Sustainable Development Layout Of Key Players(Foil, Roll, Plate)
5.Optimization Of Purchasing Cost For Casting Alloys
Shanghai Metals Market
Privacy PolicyCompliance CentreSMM Credit ServiceContact UsAbout UsTerms & ConditionsSitemapHoliday Pricing Schedule
Notice: By accessing this site you agree that you will not copy or reproduce any part of its contents (including, but not limited to, single prices, graphs or news content) in any form or for any purpose whatsoever without the prior written consent of the publisher.
Drop us a line
service.en@smm.cn
How can we help you?
+86 021 5155-0306
Live chat via WhatsApp
Copyright © 2024 SMM Information & Technology Co., Ltd. All rights reserved.