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Home / Metal News / LME Aluminum to Face Downward Corrections (2017-7-26)

LME Aluminum to Face Downward Corrections (2017-7-26)

Jul 26, 2017 09:39

Source:SMM

LME aluminum hit new high thanks to strong crude oil and LME copper.

SHANGHAI, Jul. 26 (SMM) – LME aluminum hit new high thanks to strong crude oil and LME copper. But, LME aluminum will face corrections and move at USD 1,930-1,950/mt today. SHFE 1709 aluminum will rise further to RMB 14,530-14,680/mt.

In east China’s spot aluminum market, spot discounts are expected at RMB 150-110/mt over SHFE 1708 aluminum contract.

Key Macroeconomic Indicators for Base Metal Prices (2017-7-26)

SHFE aluminum prices

aluminum prices

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LME aluminum will fall to USD 2,060-2,090/mt today since LME aluminum stocks are beginning to rise.

Aug 23, 2017 09:32

SMM Comments

LME Aluminum to Fall on Growing Stocks (2017-8-23)

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LME aluminum will range USD 2,055-2,075/mt today and test support at the 5-day moving average.

Aug 18, 2017 09:34

SMM Comments

SHFE Aluminum to Trade in Wide Range (2017-8-18)

SHFE 1710 Aluminum Falls Back after Initial Rise (2017-8-16)

SHFE 1710 aluminum opened at RMB 15,890/mt on Wednesday.

Aug 16, 2017 17:19

SMM Comments

SHFE 1710 Aluminum Falls Back after Initial Rise (2017-8-16)

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LME aluminum should continue struggling around moving averages and range USD 1,903-1,917/mt today.

Aug 2, 2017 09:34

SMM Comments

LME Aluminum to Struggle around Moving Averages (2017-8-2)

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SHFE 1709 aluminum rose sharply on Monday as lots of positive news attracted longs to raise bullish bets.

Jul 31, 2017 19:09

SMM Comments

SHFE 1709 Aluminum Rises Sharply (2017-7-31)

SMM Sees Aluminum as Worst Performer among Base Metals

Aluminum will underperform other base metals this week, given the lack of further production cuts and poor market fundamentals, SMM predicts.

Jul 31, 2017 11:31

SMM Insight Industry

SMM Sees Aluminum as Worst Performer among Base Metals

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Jul 31, 2017 11:21

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LME Aluminum to Fall Back from Highs (2017-7-28)

LME aluminum will fall back to USD 1,930-1,950/mt today deu to strong resistance at above USD 1,950/mt.

Jul 28, 2017 09:42

SMM Comments

LME Aluminum to Fall Back from Highs (2017-7-28)

SMM Price Outlook for Base Metals on SHFE (Jul. 28, 2017)

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Jul 28, 2017 09:12

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LME Aluminum to Face Downward Corrections (2017-7-26)

SMM Events & Webinars

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