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

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

iconJul 3, 2015 15:07
Source:SMM
LME aluminum will rebound to $ 1,710-1,750 per tonne next week, Shanghai Metals Market foresees.
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.  
 
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