LME Aluminum to Trade in Tight Range (2017-5-2)

Published: May 2, 2017 09:42

Save

LME aluminum should move between USD 1,908-1,935/mt today, hovering around the 40-day moving average.

SHANGHAI, May 2 (SMM) – LME aluminum should move between USD 1,908-1,935/mt today, hovering around the 40-day moving average. SHFE 1706 aluminum will move at RMB 14,000-14,200/mt, testing support at RMB 14,000/mt.

In east China’s spot aluminum market, spot discounts of RMB 140-100/mt are expected over SHFE 1705 aluminum contract.

Key Macroeconomic Indicators for Base Metal Prices (2017-5-2)

SHFE aluminum prices aluminum prices Al price base metal price forecast

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 for 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

14 mins ago

Iran Closes Strait of Hormuz Indefinitely After Intercepting Unauthorized Vessel

[SMM Aluminum Flash] According to Iranian media reports on the 12th, the Navy of Iran’s Islamic Revolutionary Guard Corps said that a vessel attempting to sail through the Strait of Hormuz along an unauthorized route was fired upon in warning and intercepted. In light of this incident, the Strait of Hormuz will be closed indefinitely until further notice and until the US stops interfering in the region.

14 mins ago

15 mins ago

DFD Forecasts H1 2026 Net Profit Surge of 776.68%-990.98% for Shareholders

[SMM Aluminum Flash] On July 10, DFD released its H1 2026 performance forecast. Net profit attributable to shareholders of the publicly listed firm is expected to be between 450 million yuan and 560 million yuan in H1 2026, up 776.68% to 990.98% YoY.

15 mins ago

16 mins ago

China's Prebaked Anode Production Rises 8.57% YoY in H1 2026, Driven by High Operating Rates

[SMM Aluminum Flash] According to SMM statistics, China’s cumulative total production of prebaked anode in H1 2026 reached 12,398,800 mt, up 8.57% YoY. The industry’s overall operating rate stayed high during H1, with new commissioned units gradually releasing capacity and mainstream carbon plants largely maintaining regular production, driving a steady rise in total output.

16 mins ago