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 Continue Struggling (2017-8-7)

LME Aluminum to Continue Struggling (2017-8-7)

Aug 7, 2017 09:32

Source:SMM

LME aluminum should continue struggling around moving averages and range USD 1,900-1,918/mt today, testing support at the 40-day moving average.

SHANGHAI, Aug. 7 (SMM) –LME aluminum should continue struggling around moving averages and range USD 1,900-1,918/mt today, testing support at the 40-day moving average. SHFE 1710 aluminum will range RMB 14,730-14,900/mt.

In east China’s spot aluminum market, spot discounts are expected at RMB 160-120/mt over SHFE 1708 aluminum contract.

Key Macroeconomic Indicators for Base Metal Prices (2017-8-7)

SHFE aluminum prices

aluminum prices

Al price

base metal price forecast

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 1708 aluminum moved down after opening at RMB 14,090/mt on Tuesday, touching an intraday low of RMB 14,005/mt in the afternoon.

Jul 4, 2017 18:02

SMM Comments

SHFE 1708 Aluminum Drifts Lower (2017-7-4)

LME Aluminum to Struggle around Moving Averages (2017-6-2)

LME aluminum will continue struggling around moving averages and move between USD 1,920-1,940/mt today.

Jun 2, 2017 09:51

SMM Comments

LME Aluminum to Struggle around Moving Averages (2017-6-2)

SHFE 1707 Aluminum Falls Sharply (2017-5-31)

Offshore yuan surged in morning trading, increasing risks of tightening market liquidity in the short term.

May 31, 2017 18:38

SMM Comments

SHFE 1707 Aluminum Falls Sharply (2017-5-31)

SHFE 1707 Aluminum Falls as Longs Withdraw (2017-5-24)

SHFE 1707 aluminum dipped to RMB 13,950/mt due to short selling after opening at RMB 14,055/mt on Wednesday.

May 24, 2017 17:40

SMM Comments

SHFE 1707 Aluminum Falls as Longs Withdraw (2017-5-24)

SHFE 1606 Aluminum Resistant to Declines (2016-4-20)

On Tuesday’s night session, SHFE 1606 aluminum hit RMB 12,115/mt after opening at RMB 12,055/mt, and finally ended at RMB 12,110/mt.

Apr 20, 2016 18:01

SMM Comments

LME Aluminum to Challenge Resistance (2016-4-19)

LME aluminum has climbed above the 5-day moving average on long buying and will challenge USD 1,570/mt on Tuesday, moving in a range of USD 1,550-1,570/mt.

Apr 19, 2016 09:08

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

Key Macroeconomic Indicators for Base Metal Prices (2016-3-25)

UK and US financial markets are closed on Friday because of the Good Friday holiday.

Mar 25, 2016 09:14

SMM Comments

About 30% of Chinese Tin Smelters See Tin Prices Rise This Week: SMM Survey

tin prices, LME tin, SHFE tin

Mar 22, 2016 10:33

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

LME Aluminum to Continue Struggling (2017-8-7)

SMM Events & Webinars

Li-ION BATTERY China

APAC (10th) Stainless Steel Industry Conference 2025

2025 15th APAC TIN INDUSTRY CONFERENCE