SHFE Aluminum to Stay Weak (2017-6-14)

Published: Jun 14, 2017 09:55

Save

SHFE 1708 aluminum will find support from rally in LME aluminum.

SHANGHAI, Jun. 14 (SMM) –SHFE 1708 aluminum will find support from rally in LME aluminum. But, poor market fundamentals will prevent prices from rising. SHFE 1708 aluminum should move at lows of RMB 13,600-13,770/mt.

In east China’s spot aluminum market, spot discounts of RMB 20-60/mt are expected over SHFE 1706 aluminum contract.

Key Macroeconomic Indicators for Base Metal Prices (2017-6-14)

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 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

21 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]

21 hours ago

22 hours ago

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

22 hours ago