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Home / Metal News / SHFE Aluminum to See Big Volatility (2016-6-13)

SHFE Aluminum to See Big Volatility (2016-6-13)

Jun 13, 2016 09:21

China will release money supply for May today.

SHANGHAI, Jun. 13 (SMM) – China will release money supply for May today. Six Chinese aluminum smelters will hold a meeting today to discuss aluminum prices. This will leave SHFE 1608 aluminum moving widely between RMB 11,750-11,970/mt today.

A strong dollar will send LME aluminum down to USD 1,560-1,580/mt.

In China’s spot aluminum market, spot premiums of RMB 0-40/mt are expected over SHFE 1606 aluminum contract.

Key Macroeconomic Indicators for Base Metal Prices (2016-6-13)

SHFE aluminum prices

aluminum prices

Al price

base metal price forecast

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

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