Non-ferrous

Base Metals

Rare Earth

Scrap Metals

Minor Metals

Precious Metals

Ferrous Metals

Iron Ore Index Iron Ore Price Coke Coal Pig Iron Steel Billet Finished Steel

New Energy

Solar Lithium Cobalt Cathode Material Phosphorus Carbon Anode Separator Electrolyte Battery Cell And Module Battery Recycling Nickel And Manganese Other Materials Sodium-ion Battery Hydrogen Energy

Price Center DatabasePro Reports Events Car Insight

Home / Metal News / LME Aluminum to Rise on Capacity Elimination Rumor in China (2017-5-4)

LME Aluminum to Rise on Capacity Elimination Rumor in China (2017-5-4)

May 4, 2017 09:46

Source:SMM

LME aluminum should challenge the 20-day moving average and rise to USD 1,915-1,940/mt today as rumor is flying that Shandong will crack down on illegal aluminum capacity.

SHANGHAI, May 4 (SMM) – LME aluminum should challenge the 20-day moving average and rise to USD 1,915-1,940/mt today as rumor is flying that Shandong will crack down on illegal aluminum capacity. The rumor will help SHFE 1706 aluminum challenge RMB 14,000/mt mark and move at RMB 13,850-14,100/mt.

In east China’s spot aluminum market, spot discounts of RMB 90-50/mt are expected over SHFE 1705 aluminum contract.

Key Macroeconomic Indicators for Base Metal Prices (2017-5-4)

SHFE aluminum prices

aluminum prices

Al price

base metal price forecast

For queries, please contact Lemon Zhao at lemonzhao@smm.cn

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

SHFE 1605 aluminum opened at RMB 11,760/mt on Thursday.

Mar 31, 2016 17:09

SMM Comments

SHFE Aluminum to Gather Strength on Softer Dollar (2016-3-30)

US Fed Chair Yellen’s cautious attitude toward rate hike path will soften the US dollar.

Mar 30, 2016 09:26

SMM Comments

Key Macroeconomic Indicators for Base Metal Prices (2016-3-25)

UK and US financial markets are closed on Friday because of the Good Friday holiday.

Mar 25, 2016 09:14

SMM Comments

About 30% of Chinese Tin Smelters See Tin Prices Rise This Week: SMM Survey

tin prices, LME tin, SHFE tin

Mar 22, 2016 10:33

SMM Comments

SHFE Tin to Face Downward Pressure (2016-3-22)

SHFE 1605 tin hit a high of RMB 110,480/mt during Monday’s night session, but then fell back to below the 10-day moving average.

Mar 22, 2016 09:28

SMM Comments

Key Macroeconomic Indicators for Base Metal Prices (2016-2-25)

US January durable goods orders and eurozone January CPI are slated for release today.

Feb 25, 2016 09:23

SMM Comments

About 35% of Chinese Tin Smelters Expect Tin Prices to Fall This Week: SMM Survey

About 35% of Chinese tin smelters surveyed by SMM expect tin prices to fall this week.

Feb 16, 2016 10:41

SMM Comments

LME Aluminum to Meet Strong Resistance (2016-1-18)

LME aluminum is expected to meet resistance at the 40-day moving average and move at USD 1,458-1,483/mt on Monday

Jan 18, 2016 09:53

SMM Comments

LME Tin Faces Strong Downward Pressure (2016-1-13)

LME tin will look for support at USD 13,000/mt on Wednesday.

Jan 13, 2016 09:42

SMM Comments

Shorts to Predominate Base Metal Market, SMM Says

Base metal market is expected to be predominated by bearish sentiment on Jan. 13, Shanghai Metals Market predicts.

Jan 13, 2016 09:21

Industry

SMM Events & Webinars

All

Oct
14
- SMM LME Metals Seminar 2025
  Oct 14 - 14,2025
  London , the United Kingdom
Oct
20
- Li-ION BATTERY China
  Oct 20 - 21,2025
  Xiamen, China
Oct
20
- APAC (10th) Stainless Steel Industry Conference 2025
  Oct 20 - 21,2025
  Xiamen, China

LME Aluminum to Rise on Capacity Elimination Rumor in China (2017-5-4)

SMM Events & Webinars

SMM LME Metals Seminar 2025

Li-ION BATTERY China

APAC (10th) Stainless Steel Industry Conference 2025