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Home / Metal News / SMM Sees Aluminum as Worst Performer among Base Metals 

SMM Sees Aluminum as Worst Performer among Base Metals 

iconJul 31, 2017 11:31
Source:SMM
Aluminum will underperform other base metals this week, given the lack of further production cuts and poor market fundamentals, SMM predicts.

SHANGHAI, Jul. 31 (SMM) – Aluminum will underperform other base metals this week, given the lack of further production cuts and poor market fundamentals, SMM predicts.

Impact on Aluminum Output to Expand as Henan Voluntarily Joins Winter Cuts

That said, any downward corrections will be limited since supply side reform will offer some support, SMM added.

Profit Expands Further at Aluminum Smelters in China, SMM Says

SHFE 1709 aluminum will slide to 14,250-14,500 yuan/tonne, while LME aluminum should drop to $ 1,915-1,940/tonne.

In domestic spot market, rising stocks and poor consumption will widen spot discounts slightly to 170-130 yuan/tonne. 

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.

aluminum prices
SHFE aluminum prices
LME aluminum prices

For queries, please contact Michael Jiang at michaeljiang@smm.cn

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

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