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

Published: Jul 3, 2015 15:07

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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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