Markets News

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 Lithium Battery Cathode Precursor and Material Anode Materials Artificial Graphite Diaphragm Electrolyte Other Materials Chemical Compound Lithium-ion Battery Used Lithium-ion Battery Sodium-ion Battery Hydrogen Energy Energy Storage

Price Center DatabasePro Reports Events Car Insight

Home / Metal News / LME Aluminum to Struggle around Moving Averages (2017-6-2)

LME Aluminum to Struggle around Moving Averages (2017-6-2)

Jun 2, 2017 09:51

Source:SMM

LME aluminum will continue struggling around moving averages and move between USD 1,920-1,940/mt today.

SHANGHAI, Jun. 2 (SMM) –LME aluminum will continue struggling around moving averages and move between USD 1,920-1,940/mt today. SHFE 1707 aluminum should move between RMB 13,700-13,900/mt.

In east China’s spot aluminum market, spot discounts of RMB 80-40/mt are expected over SHFE 1706 aluminum contract.

Key Macroeconomic Indicators for Base Metal Prices (2017-6-2)

SHFE aluminum prices

aluminum prices

Al price

base metal price forecast

For queries, please contact William Gu at williamgu@smm.cn

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

Spot discounts in east China aluminum market widened on Thursday, attracting some traders to make purchases.

Sep 14, 2017 17:03

SMM Insight

Wider Spot Discounts Lure Traders into East China Aluminum Market, SMM Reports

SHFE 1708 Aluminum Drifts Lower (2017-7-4)

SHFE 1708 aluminum moved down after opening at RMB 14,090/mt on Tuesday, touching an intraday low of RMB 14,005/mt in the afternoon.

Jul 4, 2017 18:02

SMM Comments

SHFE 1708 Aluminum Drifts Lower (2017-7-4)

SHFE 1707 Aluminum Falls Sharply (2017-5-31)

Offshore yuan surged in morning trading, increasing risks of tightening market liquidity in the short term.

May 31, 2017 18:38

SMM Comments

SHFE 1707 Aluminum Falls Sharply (2017-5-31)

SHFE 1707 Aluminum Falls as Longs Withdraw (2017-5-24)

SHFE 1707 aluminum dipped to RMB 13,950/mt due to short selling after opening at RMB 14,055/mt on Wednesday.

May 24, 2017 17:40

SMM Comments

SHFE 1707 Aluminum Falls as Longs Withdraw (2017-5-24)

LME Aluminum to Post Gains (2016-11-4)

LME aluminum will move at USD 1,720-1,740/mt on Friday and SHFE 1612 aluminum will range between RMB 13,400-13,600/mt.

Nov 4, 2016 09:46

SMM Comments

Chalco Cuts Aluminum Prices Sharply in Major Markets on Nov. 2

China Aluminum International Trading Co. (Chalco Trading) slashed aluminum prices it offered in major markets today, it said on its WeChat.

Nov 2, 2016 18:13

Reminder

Chalco Cuts Aluminum Prices Sharply in Major Markets on Nov. 2

LME Aluminum to Move Lower (2016-10-19)

LME aluminum should drop to USD 1,640-1,665/mt on Wednesday and SHFE 1612 aluminum is expected to range between the 5 and 10-day moving averages at RMB 12,650-12,800/mt.

Oct 19, 2016 09:45

SMM Comments

China, US Agree over Aluminum Capacity Cuts at G20 Summit

China and the US have reached a consensus at the G20 Summit to join hands in combating global aluminum overcapacity, yicai.com reported.

Sep 7, 2016 10:33

SMM Comments

Base Metals Get Support from Falling Dollar, SMM Says

Base metal prices on the SHFE are expected to get a boost from weak dollar on Thursday, Shanghai Metals Market foresees.

Aug 18, 2016 09:23

Industry

SHFE Tin to Hold Firm (2016-8-17)

Market will eye minutes of the US Fed’s latest policy meeting. LME tin will test support at USD 18,000/mt.

Aug 17, 2016 09:17

SMM Comments

SMM Events & Webinars

All

Apr
09
- NET ZERO MEA - Solar & Energy Storage
  Apr 09 - 10,2025
  NET ZERO MEA is the premier leadership summit of solar, energy storage, and renewable energy sectors in the Mid-East.
  MARRIOTT HOTEL AL JADDAF, DUBAI, UAE
Apr
09
- 2025 SMM (20th) Lead & Zinc Conference and Industry Expo
  Apr 09 - 11,2025
  To promote the sustainable development of lead and zinc industry to build a high-end, professional, pragmatic exchange p
  Nanjing · Jiangsu ·China
Apr
16
- CLNB 2025 New Energy Industry Chain Expo
  Apr 16 - 18,2025
  Suzhou International Expo Center, Jiangsu, China

LME Aluminum to Struggle around Moving Averages (2017-6-2)

SMM Events & Webinars

NET ZERO MEA - Solar & Energy Storage

2025 SMM (20th) Lead & Zinc Conference and Industry Expo

CLNB 2025 New Energy Industry Chain Expo