Home / Metal News / Aluminium / SHFE aluminium to continue to fluctuate at highs in the high season
SHFE aluminium to continue to fluctuate at highs in the high season
May 17,2021 13:23CST
smm insight
Source:SMM
The most-traded SHFE aluminium contract opened at 19,800 yuan/mt last week and closed at 19,315 yuan/mt, down 540 yuan/mt or 2.72%. Longs reduced positions by 92,000 lots to 179,000 lots. LME aluminium dropped 3.79% last week. The outlook for market liquidity is not as optimistic as earlier. The Fed has maintained its stance over monetary easing policy. However, the increase in US PPI in April was higher than expected, triggering market concerns of inflation. Commodity prices fell last Friday after the State Council sent a signal that it would effectively respond to the overheating in commodity prices. 
Please sign in to continue reading the full article for free
Already registered? Sign in
  • Real-Time Alerts
  • Advanced Portfolio Features
  • Personalized Charts
  • Fully-Synced APP
  • Free Publication Preview
  • Weekly News Summary
or
By signing up, you confirm that you've read and accepted our Terms of Service and Privacy Policy .
SHFE aluminium
Price forecast

For queries, please contact Frank LIU at liuxiaolei@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Related news