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Home / Metal News / LME Aluminum to Fall on Growing Stocks (2017-8-23)

LME Aluminum to Fall on Growing Stocks (2017-8-23)

Aug 23, 2017 09:32

LME aluminum will fall to USD 2,060-2,090/mt today since LME aluminum stocks are beginning to rise.

SHANGHAI, Aug. 23 (SMM) –LME aluminum will fall to USD 2,060-2,090/mt today since LME aluminum stocks are beginning to rise. SHFE 1710 aluminum will move within RMB 16,100-16,400/mt, testing support at the 10-day moving average.

In east China’s spot aluminum market, spot discounts are expected at RMB 200-160/mt over SHFE 1709 aluminum contract.

Key Macroeconomic Indicators for Base Metal Prices (2017-8-23)

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.

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LME aluminum will drop to USD 2,080-2,105/mt today on strong bearishness.

Sep 11, 2017 09:46

SMM Comments

LME Aluminum to Fall further (2017-9-11)

SHFE Aluminum Ends with Gains (2016-12-27)

SHFE 1702 aluminum opened at RMB 12,635/mt and finally closed at RMB 12,790/mt.

Dec 27, 2016 17:37

SMM Comments

SHFE Aluminum Ends with Gains (2016-12-27)

LME Aluminum to See Range-Bound Trading Next Week, SMM Says

LME aluminum will trade in a narrower range next week, while SHFE 1610 aluminum will consolidate at highs, SMM predicts.

Aug 26, 2016 19:56

SMM Insight

SHFE 1610 Aluminum Jumps on Long Buying (2016-8-19)

On Thursday’s night trading, SHFE 1610 aluminum slid to RMB 12,655/mt after opening at RMB 12,780/mt, ending at RMB 12,680/mt.

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SMM Comments

Chalco Continues Raising Aluminum Prices in Major Markets on August 19

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Aug 19, 2016 12:03

Reminder

SHFE Aluminum to Face Short Selling (2016-7-22)

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Jul 22, 2016 09:37

SMM Comments

SHFE 1609 Aluminum Ends with Gains (2016-7-13)

On Tuesday’s night trading, SHFE 1609 aluminum fell to RMB 12,515/mt after opening at RMB 12,555/mt. But prices then followed LME aluminum up to RMB 12,650/mt and closed at RMB 12,570/mt.

Jul 13, 2016 17:46

SMM Comments

Heavy Rains Disrupt Production and Railway Transportation, SMM Reports

From late June, provinces, including Hubei, Anhui, Jiangsu, Jiangxi and Guangdong, are suffering from heavy rainfall. What’s impact from the rain on metals producers in those regions?

Jul 8, 2016 11:56

SMM Insight

SHFE 1609 Aluminum Falls Back After Initial Rise (2016-7-6)

On Tuesday’s night trading, SHFE 1609 aluminum rose to RMB 12,550/mt after opening at RMB 12,480/mt.

Jul 6, 2016 17:54

SMM Comments

LME Aluminum to Move Wildly (2016-7-1)

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Jul 1, 2016 09:22

SMM Comments

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LME Aluminum to Fall on Growing Stocks (2017-8-23)

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