SHFE Aluminum to Challenge New Highs (2017-8-24)

Published: Aug 24, 2017 09:51 (GMT+8)

Save

On Thursday, LME aluminum is estimated to trade widely between USD 2,085-2,120/mt, and SHFE aluminum may challenge new highs, with price between RMB 16,550-16,850/mt.

SHANGHAI, Aug. 24 (SMM) – On Thursday, LME aluminum is estimated to trade widely between USD 2,085-2,120/mt, and SHFE aluminum may challenge new highs, with price between RMB 16,550-16,850/mt.

In China’s domestic spot market, spot discounts are expected to expand to RMB 220-180/mt.

aluminum price aluminum price forecast 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 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 for 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

10 hours ago

China's Aluminum Extrusion Exports Rise 9.7% YoY in August 2026, Top Markets Include Malaysia and Vietnam

According to customs data, China's aluminum extrusion exports totaled 92,500 mt in August 2026, up 3.0% MoM and up 9.7% YoY. Cumulative exports from January to August 2026 reached 629,600 mt, up 8.7% YoY. By destination, the top five markets were Malaysia (7,900 mt), Vietnam (6,700 mt), Israel (6,300 mt), Nigeria (4,200 mt), and the Philippines (3,900 mt). (Statistics cover HS codes: 76041010, 76041090, 76042100, 76042910, 76042990)

10 hours ago

13 hours ago

SHFE Aluminum Futures Warrants Down 13.11% in a Week, 35.04% in a Month

[SMM Aluminum Flash] On September 21, SHFE aluminum futures warrants stood at 178,127 mt, down 6,275 mt from the previous trading day. Over the past week, SHFE aluminum futures warrants decreased by 26,873 mt, a decline of 13.11%. Over the past month, SHFE aluminum futures warrants decreased by 96,074 mt, a decline of 35.04%.

13 hours ago

LME Aluminum Inventory Drops 0.16% to 242,200 mt on September 21

[SMM Aluminum Flash] On September 21, LME aluminum inventory stood at 242,200 mt, down 400 mt from the previous day, a decrease of 0.16%. Over the past week, LME aluminum inventory decreased by 1,650.00 mt, a decline of 0.68%. Over the past month, LME aluminum inventory decreased by 4,725.00 mt, a decline of 1.91%.

13 hours ago