[brief Review of Aluminum in SMM] the main aluminum price rose more than 100 on the same day and is expected to continue to test the size of the upper space in the evening.

Published: May 15, 2020 15:29
The main aluminum price rose more than 100 on the same day and is expected to continue to test the size of the upper space in the evening.

SMM, 15 May:

Shanghai Aluminum's main 2007 contract opened at 12540 yuan / ton in the morning, the lower shadow line of the opening K line reached a daily lowest point of 12515 yuan / ton, fluctuated upwards during the day, rose three times and fell three times, and the afternoon high stopped at 12630 yuan / ton. It finally closed at 12600 yuan / ton, the trading volume increased by 6181 yuan / ton to 92705 lots, and the position increased by 4656 yuan / ton to 154000 lots. It closed at the Xiaoyang line, up 115yuan / ton, or 0.92%, for three weeks in a row. The center of gravity rises above the 60-day moving average, the daily KDJ three-line aggregation faces up, the MACD red line shortens, and it is expected to maintain interval concussion at night and continue to explore the size of the upper space. Today's final delivery day of the 2005 contract of that month, which opened at 13185 yuan / ton, fluctuated upward during the day, rose 13120 yuan / ton at the end of the day, ended at 13015 yuan / ton, and the settlement price was 13035 yuan / ton, up 1.21%. The turnover increased by 13035 yuan / ton to 7065 lots, the position decreased by 2920 to 13650 lots, and the delivery volume reached 68250 tons. (SMM Xuman 021-51595898)

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
US Services PMI Contracts for First Time Since January 2023, Composite PMI Hits Lowest Since September
Apr 4, 2026 16:27
US Services PMI Contracts for First Time Since January 2023, Composite PMI Hits Lowest Since September
Read More
US Services PMI Contracts for First Time Since January 2023, Composite PMI Hits Lowest Since September
US Services PMI Contracts for First Time Since January 2023, Composite PMI Hits Lowest Since September
The final March S&P Global services PMI released by the US came in at 49.8, a reading that was not only below the preliminary 51.1, but also marked the first contraction since January 2023. During this period, growth in new orders fell to its lowest point in nearly two years, while export trade conditions deteriorated further compared with February. Meanwhile, the final composite PMI was confirmed at 50.3, significantly below the preliminary 51.4 and the lowest level since September 2023.
Apr 4, 2026 16:27
Middle East Conflict Disrupts Shipping, Spikes Global Costs and Insurance Premiums
Apr 4, 2026 16:25
Middle East Conflict Disrupts Shipping, Spikes Global Costs and Insurance Premiums
Read More
Middle East Conflict Disrupts Shipping, Spikes Global Costs and Insurance Premiums
Middle East Conflict Disrupts Shipping, Spikes Global Costs and Insurance Premiums
The conflict in the Middle East has disrupted shipping through the Strait of Hormuz, triggering a سلسلة of chain reactions: global shipping costs have surged sharply, and war risk insurance premiums for vessels have also risen rapidly. Moreover, shipping companies must also weigh freight rate factors. According to industry insiders, current freight rates have already skyrocketed to 11-12 times their original level.
Apr 4, 2026 16:25
China Faces Battery Cell Shortage, Energy Storage Sector Expands Capacity
Apr 4, 2026 16:24
China Faces Battery Cell Shortage, Energy Storage Sector Expands Capacity
Read More
China Faces Battery Cell Shortage, Energy Storage Sector Expands Capacity
China Faces Battery Cell Shortage, Energy Storage Sector Expands Capacity
At present, battery cell capacity for energy storage in China has entered a state of broad-based undersupply, with order schedules for energy storage battery cells at some top-tier enterprises even extending to the end of Q1 2027. Affected by this supply-demand gap, China’s energy storage battery cell segment is ushering in a new wave of capacity expansion, with many enterprises announcing large-scale expansion plans.
Apr 4, 2026 16:24
[brief Review of Aluminum in SMM] the main aluminum price rose more than 100 on the same day and is expected to continue to test the size of the upper space in the evening. - Shanghai Metals Market (SMM)