Non-ferrous

Base Metals

Rare Earth

Scrap Metals

Minor Metals

Precious Metals

Ferrous Metals

Iron Ore Index Iron Ore Price Coke Coal Pig Iron Steel Billet Finished Steel

New Energy

Solar Lithium Cobalt Cathode Material Phosphorus Carbon Anode Separator Electrolyte Battery Cell And Module Battery Recycling Nickel And Manganese Other Materials Sodium-ion Battery Hydrogen Energy

Price Center DatabasePro Reports Events Car Insight

Home / Metal News / SHFE 1709 Aluminum Hovers at Highs (2017-7-24)

SHFE 1709 Aluminum Hovers at Highs (2017-7-24)

Jul 24, 2017 19:15

Source:SMM

SHFE 1709 aluminum opened at RMB 14,410/mt on Monday, and dropped to RMB 14,375/mt.

SHANGHAI, Jul. 24 (SMM) – SHFE 1709 aluminum opened at RMB 14,410/mt on Monday, and dropped to RMB 14,375/mt. But, the most active contract then rallied to RMB 14,465/mt on short covering, ending at RMB 14,455/mt. Trading volumes decreased to 154,976 lots, and positions decreased 8,678 lots to 290,504 lots. SHFE 1709 aluminum will struggle at RMB 14,500/mt in the short term.

Al price

aluminum prices

SHFE aluminum prices

For queries, please contact Lemon Zhao at lemonzhao@smm.cn

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

SHFE 1605 aluminum opened at RMB 11,760/mt on Thursday.

Mar 31, 2016 17:09

SMM Comments

SHFE Aluminum to Gather Strength on Softer Dollar (2016-3-30)

US Fed Chair Yellen’s cautious attitude toward rate hike path will soften the US dollar.

Mar 30, 2016 09:26

SMM Comments

LME Aluminum to Meet Strong Resistance (2016-1-18)

LME aluminum is expected to meet resistance at the 40-day moving average and move at USD 1,458-1,483/mt on Monday

Jan 18, 2016 09:53

SMM Comments

SHFE Aluminum Falls as Shorts Dominate (2016-1-12)

SHFE 1603 aluminum tumbled to RMB 10,760/mt during Monday’s night session, due to plunging crude oil prices and the PBOC’s intervention in RMB market.

Jan 12, 2016 17:06

SMM Comments

SHFE Aluminum Rises on Alumina Output Cut Rumors (2016-1-11)

SHFE aluminum shot up on Monday due to rumors that a large Chinese alumina producer will shut down.

Jan 11, 2016 17:22

SMM Comments

Chalco Cuts Aluminum Prices This Week After Consecutive Hikes

China Aluminum International Trading Co. (Chalco Trading) cut aluminum prices this past week after price hike for weeks, it said on its WeChat.

Jan 8, 2016 11:07

Reminder

SHFE Aluminum to Gather More Strength (2016-1-8)

SHFE 1603 aluminum bottomed out during Thursday’s night session, and should rise further to RMB 10,520-10,818/mt on Friday.

Jan 8, 2016 09:42

SMM Comments

38% of Chinese Aluminum Smelters Bearish toward Aluminum Prices This Week, SMM Survey

38% of the 42 Chinese aluminum smelters surveyed by SMM are bearish toward this week’s aluminum prices.

Dec 29, 2015 10:15

SMM Comments

Which Side Wins Tug of War in Chinese Aluminum Market?

Despite recent reports of production cuts or closures in China, aluminum prices remain stuck in a downward track, a trend unlikely to reverse anytime soon.

Oct 29, 2015 10:56

Industry

East China Aluminum Prices Rebound After Continuous Falls (Oct. 27, 2015)

In east China spot aluminum market, suppliers continued holding back goods.

Oct 27, 2015 16:12

SMM Comments

SMM Events & Webinars

All

Oct
20
- Li-ION BATTERY China
  Oct 20 - 21,2025
  Xiamen, China
Oct
20
- APAC (10th) Stainless Steel Industry Conference 2025
  Oct 20 - 21,2025
  Xiamen, China
Oct
22
- 2025 15th APAC TIN INDUSTRY CONFERENCE
  Oct 22 - 24,2025
  The 2025 Tin Industry Annual Conference will focus on "Opportunities and Challenges in a New Era.
  Yunnan · Gejiu

SHFE 1709 Aluminum Hovers at Highs (2017-7-24)

SMM Events & Webinars

Li-ION BATTERY China

APAC (10th) Stainless Steel Industry Conference 2025

2025 15th APAC TIN INDUSTRY CONFERENCE