SHFE 1708 Aluminum Trends Down (2017-6-7)

Published: Jun 7, 2017 17:20

Save

SHFE 1708 aluminum drifted lower after opening at RMB 13,780/mt on Wednesday, and followed other base metals down further to RMB 13,710/mt in the afternoon.

SHANGHAI, Jun. 7 (SMM) –SHFE 1708 aluminum drifted lower after opening at RMB 13,780/mt on Wednesday, and followed other base metals down further to RMB 13,710/mt in the afternoon. The contract rallied slightly later thanks to short covering before ending at RMB 13,750/mt. Trading volumes decreased to 110,030 lots, and positions increased 11,276 lots to 201,654 lots. SHFE 1708 aluminum will remain weak in the short term.

Al price aluminum prices SHFE 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