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Home / Metal News / LME Aluminum to Swing Widely (2017-5-11)

LME Aluminum to Swing Widely (2017-5-11)

May 11, 2017 09:33

LME aluminum will trade in a wide range of USD 1,850-1,880/mt today.

SHANGHAI, May 11 (SMM) –LME aluminum will trade in a wide range of USD 1,850-1,880/mt today. SHFE 1707 aluminum should move between RMB 13,750-14,000/mt and struggle around moving averages.

In east China’s spot aluminum market, spot discounts of RMB 0-40/mt are expected over SHFE 1705 aluminum contract.

Key Macroeconomic Indicators for Base Metal Prices (2017-5-11)

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 exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

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LME aluminum will drop to USD 2,080-2,105/mt today on strong bearishness.

Sep 11, 2017 09:46

SMM Comments

LME Aluminum to Fall further (2017-9-11)

SHFE 1610 Aluminum Jumps on Long Buying (2016-8-19)

On Thursday’s night trading, SHFE 1610 aluminum slid to RMB 12,655/mt after opening at RMB 12,780/mt, ending at RMB 12,680/mt.

Aug 19, 2016 21:23

SMM Comments

SHFE Aluminum to Face Short Selling (2016-7-22)

SHFE 1609 aluminum will drop to RMB 12,200-12,370/mt as short momentum is growing.

Jul 22, 2016 09:37

SMM Comments

SHFE 1609 Aluminum Ends with Gains (2016-7-13)

On Tuesday’s night trading, SHFE 1609 aluminum fell to RMB 12,515/mt after opening at RMB 12,555/mt. But prices then followed LME aluminum up to RMB 12,650/mt and closed at RMB 12,570/mt.

Jul 13, 2016 17:46

SMM Comments

SHFE 1609 Aluminum Falls Back After Initial Rise (2016-7-6)

On Tuesday’s night trading, SHFE 1609 aluminum rose to RMB 12,550/mt after opening at RMB 12,480/mt.

Jul 6, 2016 17:54

SMM Comments

LME Aluminum to Move Wildly (2016-7-1)

Manufacturing PMIs from major economies to be released today will leave LME aluminum moving in a wide range of USD 1,635-1,660/mt.

Jul 1, 2016 09:22

SMM Comments

SHFE Aluminum to Meet Resistance (2016-6-29)

Impact from UK leave vote is fading. Blast in Turkey and falling crude oil stocks supported crude oil prices.

Jun 29, 2016 09:29

SMM Comments

SHFE Aluminum Ends with Gains (2016-3-31)

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

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Sep
26
- 2025 ASIA BATTERY MATERIAL COOPERATION SALON
  Sep 26 - 26,2025
  Time：9.26 2025 Place：Seoul， South Korea
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14
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  Oct 14 - 14,2025
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  Oct 16 - 17,2025
  Zhengzhou, Henan Province

LME Aluminum to Swing Widely (2017-5-11)

SMM Events & Webinars

2025 ASIA BATTERY MATERIAL COOPERATION SALON

SMM LME Metals Seminar 2025

AICE 2025 SMM (14th) Aluminum Industry Annual Conference