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Home / Metal News / SHFE Aluminum to Remain in Upward Track (2017-7-12)S

SHFE Aluminum to Remain in Upward Track (2017-7-12)S

Jul 12, 2017 09:45

Source:SMM

LME aluminum will trade at USD 1,885-1,905/mt on Wednesday and SHFE 1709 aluminum will challenge RMB 14,305/mt.

SHANGHAIM, Jul. 12 (SMM) – LME aluminum will trade at USD 1,885-1,905/mt on Wednesday and SHFE 1709 aluminum will challenge RMB 14,305/mt after a rebound on Tuesday’s night trading. But, attention should be on a possible decline after simmering of the rumor. SHFE 1709 aluminum will fluctuate between RMB 14,150-14,320/mt.

Xinfa Group Denies Rumor of Illegal 1.1 Mln-tpy Aluminum Project, SMM Reports

In China’s domestic market, spot aluminum should trade at discounts of RMB 110-70/mt on Wednesday.

SHFE aluminum

LME aluminum

aluminum prices

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

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Sep 14, 2017 17:03

SMM Insight

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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 Aluminum Ends with Losses (2017-3-22)

SHFE 1705 aluminum opened at RMB 13,830/mt and ended at RMB 13,805/mt.

Mar 22, 2017 18:02

SMM Comments

SHFE Aluminum Ends Higher (2017-3-16)

SHFE 1705 aluminum started at RMB 13,810/mt and ended at RMB 13,960/mt.

Mar 16, 2017 17:03

SMM Comments

SHFE Aluminum to Move in a Tight Range (2017-3-10)

LME aluminum will trade at USD 1,860-1,890/mt on Friday and SHFE 1705 aluminum will fluctuate between RMB 13,550-13,850/mt.

Mar 10, 2017 09:54

SMM Comments

SHFE Aluminum Ends Lower (2017-3-2)

SHFE 1704 aluminum opened at RMB 14,225/mt and closed at RMB 14,145/mt.

Mar 2, 2017 17:26

SMM Comments

SHFE Aluminum to Move Lower (2017-1-6)

SHFE 1703 aluminum started at RMB 12,620/mt and finally ended at RMB 12,510/mt.

Jan 6, 2017 21:31

SMM Comments

LME Aluminum to Move in a Tight Range (2017-1-5)

LME aluminum will fluctuate at USD 1,675-1,695/mt on Thursday and SHFE 1703 aluminum is expected to move at RMB 12,620-12,780/mt.

Jan 5, 2017 10:07

SMM Comments

LME Aluminum to Move in a Tight Range (2017-1-5)

SHFE Aluminum Closes Lower (2016-12-14)

SHFE 1702 aluminum opened at RMB 13,060/mt and finally closed at RMB 13,040/mt.

Dec 14, 2016 16:54

SMM Comments

LME Aluminum to Move Lower (2016-12-14)

LME aluminum will move at USD 1,730-1,750/mt on Wednesday and SHFE 1702 aluminum will range between RMB 12,920-13,120/mt.

Dec 14, 2016 09:27

SMM Comments

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SHFE Aluminum to Remain in Upward Track (2017-7-12)S

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