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Further Decline in Operating Capacity to Shore up SHFE Aluminium Prices_SMM

SHANGHAI, Sep 26 (SMM) - The most-traded SHFE 2210 aluminium contract opened at 18,790 yuan/mt last Monday, with its weekly low and high at 18,450 yuan/mt and 19,020 yuan/mt respectively before closing at 18,630 yuan/mt on Friday afternoon, down 105 yuan/mt or 0.56% on the week.

Explanation on SMM Low Carbon Aluminium Prices _SMM | Shanghai Non ferrous Metals

Explanation on Newly Added SMM Low Carbon Aluminium Prices _SMM | Shanghai Non ferrous Metals

Announcement on the addition of SMM low-carbon aluminum price points [SMM announcement]_SMM

In order to fully reflect the domestic low-carbon aluminum market price, objectively, truly and timely reflect the supply and demand situation of China's low-carbon aluminum market, and find the changing law and reasons of the benchmark price of low-carbon aluminum, so as to provide a reference basis for the scientific decision-making of low-carbon aluminum industry enterprises, research institutions and government departments. After a period of precipitation and market research, SMM plans to release the benchmark price of SMM low-carbon aluminum from December 27th for market reference.

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