SHFE 1710 Aluminum Ends with Big Gains (2017-8-7)

Published: Aug 7, 2017 17:12

Save

SHFE 1710 aluminum opened at RMB 14,840/mt on Monday.

SHANGHAI, Aug. 7 (SMM) – SHFE 1710 aluminum opened at RMB 14,840/mt on Monday. Hebei released program for off-peak production during winter heating season, which triggered long buying and pushed SHFE aluminum up sharply. Trading volumes of SHFE 1710 aluminum rose to 5,511,238 lots and positions rose 61,394 lots to 343,358 lots. Positions of all SHFE aluminum contracts rose 71,944 lots to 769,404 lots. SHFE aluminum will rise further tonight, but may see profit taking by longs.

SHFE Aluminum Surges as Market Gets Sensationalized by Off-Peak Production Program in Hebei, SMM Reports

Al price aluminum prices SHFE aluminum prices

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

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

Related News

4 hours ago

Danantara Begins $5.8B Aluminum Smelter Project in West Kalimantan

[SMM Aluminum Express News] Danantara officially began construction on a major aluminum smelter and alumina refinery (SGAR) in Mempawah, West Kalimantan, on February 6, 2026. The total investment is Rp 87.7 trillion. The project, managed by Inalum and Antam, will have a 1-million-ton annual capacity.

4 hours ago

22 hours ago

2026 Arrangements for Secondary Aluminum Alloy Enterprises During Chinese New Year Break [SMM Analysis]

[SMM Analysis]2026 Arrangements for Secondary Aluminum Alloy Enterprises During Chinese New Year Break [SMM Analysis]

22 hours ago

23 hours ago

Costs Drag Down Supply-Demand Pressure, Aluminum Auxiliary Material Prices Under Pressure and Weaken [SMM Analysis]

23 hours ago