SHFE Aluminum to Rise further (2017-9-13)

Published: Sep 13, 2017 09:43

Save

LME aluminum reached near previous highs and will not break through previous resistance unless SHFE aluminum rises sharply.

SHANGHAI, Sep. 13 (SMM) –LME aluminum reached near previous highs and will not break through previous resistance unless SHFE aluminum rises sharply. LME aluminum will range USD 2,125-2,148/mt today. Despite caution among longs, SHFE 1711 aluminum will advance further to RMB 16,630-16,820/mt.

In east China’s spot aluminum market, spot discounts are expected at RMB 120-80/mt over SHFE 1709 aluminum contract.

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 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

21 mins ago

Macro rate hike expectations bring periodic pressure, while destocking in China provides solid bottom support [SMM Aluminum Morning Meeting Summary]

[Macro rate hike expectations bring periodic pressure, while China's destocking provides solid bottom support] Overall, aluminum prices are expected to be under pressure and consolidate in the short term, with strong support below in the medium and long term, as the market repeatedly contests within a range.

21 mins ago

16 hours ago

Raw material strength supports rising costs while supply pressure accumulates [SMM Prebaked Anode Weekly Review]

16 hours ago

Aluminum Fluoride Prices Rise on Cost Support; Premium for High-Grade Supply Widens [SMM Fluoride Salt Weekly Review]

16 hours ago

Related News

Macro rate hike expectations bring periodic pressure, while destocking in China provides solid bottom support [SMM Aluminum Morning Meeting Summary]

Sep 11, 2026 09:31

Raw material strength supports rising costs while supply pressure accumulates [SMM Prebaked Anode Weekly Review]

Sep 10, 2026 17:16

Aluminum Fluoride Prices Rise on Cost Support; Premium for High-Grade Supply Widens [SMM Fluoride Salt Weekly Review]

Sep 10, 2026 17:15

ADC12 Consolidates on a Strong Note as Costs Rise and Orders See Marginal Improvement [Aluminum Scrap and Secondary Aluminum Weekly Review]

Sep 10, 2026 17:11