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Home / Metal News / Aluminum Prices to Lose Upward Momentum This Week, SMM Expects

Aluminum Prices to Lose Upward Momentum This Week, SMM Expects

iconMay 22, 2017 10:39
Source:SMM
Without stimulus from new capacity cut program, aluminum prices are expected to drop slightly this week, SMM predicts.

SHANGHAI, May 22 (SMM) –Without stimulus from new capacity cut program, aluminum prices are expected to drop slightly this week, SMM predicts.

LME aluminum will sink below moving averages and mainly trade between $1,885-1,930/tonne. SHFE 1707 aluminum will fluctuate around moving averages and mainly move between 13,800-14,100 yuan/tonne.

Chalco Continues Hiking Aluminum Prices in Major Markets on May 22 

In domestic spot market, spot discounts will expand further to 140-90 yuan/tonne over SHFE 1706 aluminum.

Alumina Prices Bottom Out After Persistent Declines, SMM Reports 

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.


 

aluminum prices
SHFE aluminum prices
LME aluminum prices

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