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Where Is Support for LME Aluminum Next Week?
Jun 12, 2015 16:19Source:SMM
Despite lingering bearishness in commodity market, LME aluminum has found solid support at $1,750 per tonne, and is likely to range $1,730-1,770 per tonne next week, Shanghai Metals Market foresees.
SHANGHAI, Jun. 12 (SMM) – Despite lingering bearishness in commodity market, LME aluminum has found solid support at $1,750 per tonne, and is likely to range $1,730-1,770 per tonne next week, Shanghai Metals Market foresees.
Spot discounts in China should widen to 80-120 yuan per tonne after delivery of SHFE 1506 aluminum contract.
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