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Home / Metal News / SHFE 1710 Aluminum Ends with Gains (2017-8-4)

SHFE 1710 Aluminum Ends with Gains (2017-8-4)

Aug 4, 2017 20:00

Source:SMM

SHFE 1710 aluminum opened at RMB 14,690/mt on Friday.

SHANGHAI, Aug. 4 (SMM) – SHFE 1710 aluminum opened at RMB 14,690/mt on Friday. Prices jumped to RMB 14,850/mt following news that construction of coal-fired power plants will be suspended. But, SHFE 1710 aluminum fell back later, ending at RMB 14,765/mt. Trading volumes rose to 195,978 lots and positions rose 25,468 lots to 281,964 lots.

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aluminum prices

SHFE 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)

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

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 opened at RMB 14,455/mt on Tuesday.

Aug 1, 2017 18:32

SMM Comments

SHFE 1709 Aluminum Meets Strong Resistance (2017-8-1)

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

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)

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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

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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)

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Jul 27, 2017 09:46

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SHFE 1710 Aluminum Ends with Gains (2017-8-4)

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