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 / Aluminum Prices to Struggle Around Moving Averages This Week, SMM Foresees

Aluminum Prices to Struggle Around Moving Averages This Week, SMM Foresees

iconMay 2, 2017 13:42
Source:SMM
Aluminum prices will struggle around moving averages this week, SMM expects.

SHANGHAI, May 2 (SMM) – Aluminum prices will struggle around moving averages this week, SMM expects.

Falling LME aluminum inventories will help drive LME aluminum up slightly to $ 1,910-1,980/tonne. SHFE 1706 aluminum has found solid support at the 40-day and 60-day moving averages and is exposed to only limited selling pressure. So, any downside room will be limited. The most active SHFE aluminum contract should drop slightly to 14,000-14,500 yuan/tonne.   

Aluminum Stocks in China Fall for Two Consecutive Weeks, SMM Reports

SMM survey found orders are falling at aluminum processors. Suppliers will continue holding back goods at lows, reducing goods available in spot market. Spot discounts of 140-80 yuan/tonne are expected over SHFE 1705 aluminum.
For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.

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.