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

Published: Apr 24, 2017 09:36

Save

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

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

49 mins ago

Indonesia Revokes Illegal Mining Permits in Protected Forests, Orders Swift Action

[SMM Aluminum Express News] President Prabowo Subianto has ordered Energy and Mineral Resources Minister Bahlil Lahadalia to immediately revoke all illegal mining permits (IUP). The directive was given during a Cabinet Working Meeting at the State Palace on Wednesday, April 8, 2026. Prabowo instructed Bahlil to act swiftly on reports of hundreds of unclear or illegal mining permits operating inside protected forests. He also asked Forestry Minister Raja Juli Anthoni about the current condition of protected forests and emphasized the need for immediate action on illegal IUPs found in the field.

49 mins ago

1 hour ago

SHFE Cast Aluminum Alloy Warrants Down by 121 mt on April 8

[SMM Update] SHFE data showed that on April 8, the total registered cast aluminum alloy warrants stood at 31,062 mt, a decrease of 121 mt from the previous trading day. Specifically, the total registered volume in Shanghai was 1,912 mt (unchanged), Guangdong 12,358 mt (unchanged), Jiangsu 3,541 mt (down 61 mt), Zhejiang 8,411 mt (down 60 mt), Chongqing 3,634 mt (unchanged), and Sichuan 1,206 mt (unchanged).

1 hour ago

Auto Parts Imports Drop 5.4% YoY to $1.47B in Feb, CAAM Reports

[CAAM: Import Value of Auto Parts Reached $1.47 Billion in February, Down 5.4% YoY] According to data from the General Administration of Customs compiled by CAAM, in February 2026, the import value of auto parts reached $1.47 billion, down 20.8% MoM and 5.4% YoY. From January to February 2026, the import value of auto parts was $3.32 billion, up 7.1% YoY.

1 hour ago