[brief Review of Aluminum in SMM] Aluminum prices rise more than 100 during the day and pay attention to the variation of the day-to-month difference of tomorrow delivery

Published: May 14, 2020 16:16

Save

Aluminum prices rise more than 100 during the day and pay attention to the variation of the difference between the day and the month of tomorrow's delivery

SMM, 14 May:

The Shanghai aluminum main force 2007 contract opened in the morning at 12435 yuan / ton, the first trading stage first raised and then suppressed, the opening first slightly explored 12475 yuan / ton and then fell back to the intraday low of 12410 yuan / ton. after the opening of the second trading stage, aluminum prices rebounded and fluctuated upward, hitting a daily high of 12575 yuan / ton in late trading. Near the close, due to some long positions, it softened to 12515 yuan / ton, and closed at 12530 yuan / ton, up 145 yuan / ton. Up 1.13%, trading volume decreased by 32654 hands to 86524 hands, position increased by 83 hands to 150000 hands, closed at the small positive line, the center of gravity rose from yesterday, but began to break through the upper 60-day moving average signs. Macroscopically, because tomorrow is the implementation day of the second wave of reduction by the central bank, the market atmosphere is expected to be more relaxed, coupled with the delivery of contracts tomorrow, aluminum prices are expected to be on the strong side, and the contract spread between the current month and the far month may be further widened. (SMM Xuman 021-51595898)

Evening news

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

22 hours ago

【SMM Aluminum Flash News】VBX secures environmental approvals to expand Wuudagu bauxite project

VBX Limited has obtained approval from the Western Australian Environmental Protection Authority (EPA) and the Australian Government's environment department to modify the development plan for its Wuudagu bauxite project in northern Western Australia. The revised proposal reduces the project's indicative footprint by almost 10 per cent to about 1,775 hectares while increasing planned mining and beneficiation rates to up to 9 million tonnes per annum (Mtpa). One of the major changes involves shifting the beneficiation plant inland from Guy Point. VBX said the move is intended to lower potential impacts on coastal and marine environments. Other proposed changes include narrower sealed haul roads, a distributed bore field with an optional desalination plant for water supply, and the co-location of port infrastructure to limit disturbance across the project area.

22 hours ago

[SMM Aluminum Flash News] Rising UK Aluminium Scrap Exports Raise Concerns Over Domestic Supply Security

Britain’s growing aluminium scrap exports are raising concerns about the long-term availability of a critical raw material for domestic industries. According to Make UK, aluminium scrap exports reached 624,314 tonnes in 2025, up 43% from 2016 levels, while shipments to India increased 94% to nearly 199,000 tonnes. Exports to the US surged 989% year-on-year to 23,560 tonnes after aluminium scrap was excluded from Section 232 tariff measures. Make UK estimates the UK could require up to 6 million tonnes of recyclable aluminium scrap to support total aluminium demand of 8 million tonnes by 2035. The organisation warned that continued scrap outflows could weaken domestic manufacturing, discourage investment and reduce supply chain resilience. It called for greater investment in scrap collection, sorting and processing infrastructure, improved recycling standards and measures to retain critical aluminium alloys within the UK’s circular economy.

22 hours ago

[SMM Aluminum Flash News] UK Scrap Aluminium Sector Needs 25% Annual Growth to Meet Future Demand

New analysis from Make UK suggests the UK’s aluminium scrap collection and sorting sector will need to grow by around 25% annually to meet future demand outlined in the country’s Modern Industrial Strategy. The report highlighted that aluminium scrap exports have risen 84% over the past decade, reducing domestic availability of a key raw material for industries including defence, clean energy, digital technologies and automotive manufacturing. In 2024-25, UK scrap aluminium exports to the US surged from 2,000 tonnes to 24,000 tonnes after Section 232 tariffs excluded aluminium scrap, while exports to India reached approximately 200,000 tonnes. Make UK estimates total UK aluminium demand could reach 8 million tonnes by 2035, requiring around 6 million tonnes of recyclable scrap. The organisation warned that continued export growth could weaken domestic manufacturing competitiveness, investment and supply chain resilience, and called for greater investment in scrap collection, sorting and processing capacity within the UK.

22 hours ago