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 / LME Aluminum to Rise (2017-7-27)

LME Aluminum to Rise (2017-7-27)

Jul 27, 2017 09:46

The US dollar index fell to its lowest since July at 93.349 following the US Fed’s decision not to hike rate.

SHANGHAI, Jul. 27 (SMM) – The US dollar index fell to its lowest since July at 93.349 following the US Fed’s decision not to hike rate. This will allow LME aluminum to rise to USD 1,930-1,963/mt today. SHFE 1709 aluminum will move at RMB 14,400-14,560/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 (2017-7-27)

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 exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

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

Related news

LME Tin to Hover at Highs (2017-7-3)

LME tin will hover around USD 20,000/mt today.

Jul 3, 2017 09:53

SMM Comments

Supply Concerns to Support Tin Price Gains, SMM Reports

Tin prices have been performing quite well recently and will remain firm on low stocks and expectations for tightening supply, despite a strong US dollar, SMM says.

Oct 25, 2016 16:30

SMM Insight

Range-Bound Trading to Continue in Base Metals, SMM Says

Base metal prices on the SHFE are expected to keep range-bound trading on Thursday, Shanghai Metals Market foresees.

Oct 20, 2016 09:21

Industry

LME Tin to Face Downward Pressure (2016-10-13)

LME tin will test support at USD 19,700/mt, with eyes on China foreign trade data.

Oct 13, 2016 09:46

SMM Comments

Base Metals Eye on US Non-Farm Result, SMM Says

Base metal prices on the SHFE are expected to trade at a relatively strong tone on Friday, Shanghai Metals Market foresees.

Sep 2, 2016 09:16

SMM Comments

SHFE Aluminum Ends with Gains (2016-3-31)

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

SHFE Aluminum to Hover at Highs (2016-3-3)

SHFE 1605 aluminum has found solid support at the 5-day moving average, and should move highs at RMB 11,300-11,420/mt on Thursday.

Mar 3, 2016 09:17

SMM Comments

SHFE Aluminum Breaks Through RMB 11,000/mt (2016-2-16)

SHFE 1604 aluminum opened at RMB 10,900/mt on Tuesday.

Feb 16, 2016 16:47

SMM Comments

SHFE Tin to Catch Up to Gains After Holiday (2016-2-15)

SHFE 1605 tin will catch up to gains after the week-long Chinese holiday due to rising LME tin during the holiday, and rise to RMB 99,000-100,500/mt.

Feb 15, 2016 10:23

SMM Comments

SMM Events & Webinars

All

Sep
15
- NET ZERO CHINA Field Trip
  Sep 15 - 19,2025
  中国
Sep
16
- SMM Indonesia Seminar: Li-ion Battery & Energy Storage
  Sep 16 - 16,2025
  Jakarta, Indonesia
Sep
26
- 2025 ASIA BATTERY MATERIAL COOPERATION SALON
  Sep 26 - 26,2025
  Time：9.26 2025 Place：Seoul， South Korea
  Seoul， South Korea

LME Aluminum to Rise (2017-7-27)

SMM Events & Webinars

NET ZERO CHINA Field Trip

SMM Indonesia Seminar: Li-ion Battery & Energy Storage

2025 ASIA BATTERY MATERIAL COOPERATION SALON