Non-ferrous

Base Metals

Rare Earth

Scrap Metals

Minor Metals

Precious Metals

Ferrous Metals

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

New Energy

Solar Lithium Cobalt Ternary Precursor and Material Anode Materials Chemical Compound Lithium-ion Battery Used Lithium-ion Battery Sodium-ion Battery Hydrogen Energy Energy Storage

Dashboard DatabasePro Reports Events Car Insight

Home / Metal News / LME Aluminum to Look for Floor (2017-5-8)

LME Aluminum to Look for Floor (2017-5-8)

May 8, 2017 09:31

Source:SMM

LME aluminum, already below all moving averages, will test support at USD 1,900/mt and range USD 1,890-1,915/mt today.

SHANGHAI, May 8 (SMM) – LME aluminum, already below all moving averages, will test support at USD 1,900/mt and range USD 1,890-1,915/mt today. SHFE 1706 aluminum will move at RMB 13,850-14,050/mt. Whether SHFE 1706 aluminum will break through RMB 14,000/mt will depend on stimulus from policy side.

In east China’s spot aluminum market, spot discounts of RMB 50-10/mt are expected over SHFE 1705 aluminum contract.

Key Macroeconomic Indicators for Base Metal Prices (2017-5-8)

SHFE aluminum prices

aluminum prices

Al price

base metal price forecast

For queries, please contact Michael Jiang at michaeljiang@smm.cn

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

Aluminum stocks in China’s seven major markets have added another 57,000 tonnes week-on-week to 1.53 million tonnes this week, SMM data showed.

Aug 25, 2017 18:21

SMM Insight

Bulls Watch Out: Aluminum Stocks in China Exceed 1.5 Million Tonnes, SMM Warns

Key Macroeconomic Indicators for Base Metal Prices (2017-8-24)

n Thursday, eyes should be on UK’s 2Q GDP after being revised, US initial jobless claims and existing home sales for July.

Aug 24, 2017 11:53

Industry

Key Macroeconomic Indicators for Base Metal Prices (2017-8-24)

SHFE Zinc to Meet Resistance to Lurch Higher (2017-8-24)

LME zinc market has slid below the 5-day moving average, and investors are advised to take cautious attitude due to US economy uncertainties and the upcoming global central bank annual meeting.

Aug 24, 2017 10:04

SMM Comments

SHFE Zinc to Meet Resistance to Lurch Higher (2017-8-24)

SHFE Aluminum to Challenge New Highs (2017-8-24)

On Thursday, LME aluminum is estimated to trade widely between USD 2,085-2,120/mt, and SHFE aluminum may challenge new highs, with price between RMB 16,550-16,850/mt.

Aug 24, 2017 09:51

SMM Comments

SHFE Aluminum to Challenge New Highs (2017-8-24)

LME Tin to Lack Upward Momentum (2017-8-23)

LME tin should test resistance at USD 20,900/mt today and support at USD 20,000/mt.

Aug 23, 2017 09:36

SMM Comments

LME Tin to Lack Upward Momentum (2017-8-23)

LME Aluminum to Fall on Growing Stocks (2017-8-23)

LME aluminum will fall to USD 2,060-2,090/mt today since LME aluminum stocks are beginning to rise.

Aug 23, 2017 09:32

SMM Comments

LME Aluminum to Fall on Growing Stocks (2017-8-23)

Hebei Eliminates 20,000 Sets of Coal-Fired Furnaces in January-July 2017

Hebei, promoting to supply heating by clean energy in winter days, has cracked down 20,379 sets of coal-fired furnaces in the first seven months of 2017.

Aug 22, 2017 09:40

Industry

Hebei Eliminates 20,000 Sets of Coal-Fired Furnaces in January-July 2017

SHFE Base Metals Warrants (2017-8-21)

The table below shows warrants of base metals on the SHFE on August 21.

Aug 21, 2017 16:06

Industry

LME Base Metals Cash to 3-Month Backwardation/Contango (2017-8-17)

The table below shows cash to 3-month backwardation/contango of base metals on the LME on August 17.

Aug 18, 2017 10:55

SMM Insight

LME Base Metals Cash to 3-Month Backwardation/Contango (2017-8-17)

SHFE Aluminum to Trade in Wide Range (2017-8-18)

LME aluminum will range USD 2,055-2,075/mt today and test support at the 5-day moving average.

Aug 18, 2017 09:34

SMM Comments

SHFE Aluminum to Trade in Wide Range (2017-8-18)

SMM Events & Webinars

All

Oct
09
- NET ZERO EUROPE - Solar & Energy Storage Summit
  Oct 09 - 10,2024
  THE EGG BRUSSELS, BELGIUM
Oct
08
- 2nd Li-ion Battery Europe 2024
  Oct 08 - 10,2024
  THE EGG BRUSSELS, BELGIUM
Jun
24
- 2024 Global Renewable Metal Industry Chain Summit
  Jun 24 - 25,2024
  To foster international cooperation and dialogue among industry colleagues
  Kuala Lumpur , Malaysia

LME Aluminum to Look for Floor (2017-5-8)

SMM Events & Webinars

NET ZERO EUROPE - Solar & Energy Storage Summit

2nd Li-ion Battery Europe 2024

2024 Global Renewable Metal Industry Chain Summit