Aluminum Prices to Lose Upward Momentum This Week, SMM Expects

Published: May 22, 2017 10:39

Save

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

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

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

Related News

3 hours ago

Danantara Begins $5.8B Aluminum Smelter Project in West Kalimantan

[SMM Aluminum Express News] Danantara officially began construction on a major aluminum smelter and alumina refinery (SGAR) in Mempawah, West Kalimantan, on February 6, 2026. The total investment is Rp 87.7 trillion. The project, managed by Inalum and Antam, will have a 1-million-ton annual capacity.

3 hours ago

20 hours ago

2026 Arrangements for Secondary Aluminum Alloy Enterprises During Chinese New Year Break [SMM Analysis]

[SMM Analysis]2026 Arrangements for Secondary Aluminum Alloy Enterprises During Chinese New Year Break [SMM Analysis]

20 hours ago

21 hours ago

Costs Drag Down Supply-Demand Pressure, Aluminum Auxiliary Material Prices Under Pressure and Weaken [SMM Analysis]

21 hours ago