[Al Price] LME Aluminum to Range $ 1,710-1,750 Next Week - Update

SHANGHAI, Jun. 19 (SMM) – LME aluminum will move between $ 1,710-1,750 per tonne next week, Shanghai Metals Market foresees. 

 

Greece delivered a landslide no vote during Sunday's referendum, which will favor the US dollar and pressure base metals.  

 

Spot discounts in China’s spot aluminum market should narrow to 50-100 yuan per tonne over SHFE front-month contract. This is because nearing delivery date of SHFE 1507 aluminum contract will allow sellers to hold back goods at lows.