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Tag Archives: SHFE aluminum prices

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SHFE Aluminum to Remain Strong on Output Cut News (2015-11-27)

SHFE 1602 aluminum, the most active one, should remain strong between RMB 10,380-10,405/mt on Friday, supported by output cut news. In China’s spot market, falling inventories and stable consumption will leave spot discounts at RMB 200-160/mt over SHFE front-month contract. ...

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SHFE Aluminum to Return Above RMB 10,000/mt on Output Cut News (2015-11-26)

SHFE 1602 aluminum, the most active one, should rise to RMB 9,950-10,150/mt on Thursday, driven by output cut news. It is said that Yunnan Aluminum, Hengkang Aluminum, Henan Shenhuo Aluminum, among others, announced output cut. In China’s spot market, spot ...

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SHFE Aluminum to Rise on Output Cut News (2015-11-25)

SHFE 1602 aluminum, the most active one, should rise to RMB 9,770-9,900/mt on Wednesday as rumor says that more Chinese smelters will cut output. In China’s spot market, spot discounts are expected to widen to RMB 140-100/mt over SHFE front-month ...

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SHFE Aluminum Has Little Room to Drop (2015-11-24)

SHFE 1602 aluminum, the most active one, should have little downside room as more Chinese smelters are likely to cut output.  SHFE 1602 aluminum should move at RMB 9,650-9,750/mt on Tuesday. All smelters in China will suffer losses once aluminum prices fall ...

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Aluminum Market Morning Review (2015-11-20)

LME aluminum opened at USD 1,471.5/mt on Thursday. The light metal climbed to USD 1,474.5/mt before falling back to USD 1,453/mt, with trading volumes growing rapidly at this low level. Finally, LME aluminum ended down USD 2.5/mt at USD 1,469/mt. ...

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Aluminum Market Morning Review (2015-11-19)

LME aluminum opened at USD 1,473/mt on Wednesday. The light metal climbed to USD 1,483.5/mt briefly before falling back to a new six-year low of USD 1,458.5/mt as SHFE aluminum fell below RMB 10,000/mt. Finally, LME aluminum ended down USD 1/mt at ...

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Aluminum Market Morning Review (2015-11-18)

LME aluminum refreshed a six-year low of USD 1,457/mt after opening at USD 1,474/mt on Tuesday. The decline is due to a firm US dollar, weakness in other base metals and SHFE aluminum . LME aluminum then bounced back to USD 1,486/mt ...

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Aluminum Market Morning Review (2015-11-17)

LME aluminum sank to almost six-year low of USD 1,465.5/mt after opening at USD 1,490.5/mt on Monday, dragged by other base metals. Finally, LME aluminum ended down USD 19/mt or 1.28% at USD 1,471/mt. Trading volumes were up 216,000 lots ...

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Aluminum Market Morning Review (2015-11-16)

LME aluminum dipped to USD 1,486.5/mt after opening at USD 1,493.5/mt on Friday. A firm US dollar and falling crude oil prices weighed on LME aluminum. But rally of SHFE aluminum offered support to LME aluminum. LME aluminum climbed to USD 1,503/mt ...

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Aluminum Market Morning Review (2015-11-11)

LME aluminum opened at USD 1,504/mt on Tuesday. LME aluminum tumbled to USD 1,482/m at one point after SHFE aluminum fell sharply. But LME aluminum then recovered some losses after SHFE aluminum rebounded, and finally ended at USD 1,508/mt. Trading volumes were ...

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