Download our mobile app to 
your devices
Android devicesiOS devices
FREE TRIALCompliance CentreAbout UsContact Us
English
English中文
MarketsNews
Non-ferrous
Non-ferrous
Base Metals
Rare Earth
Scrap Metals
Minor Metals
Precious Metals
Ferrous Metals
Ferrous Metals
Iron Ore IndexIron Ore PriceFinished SteelCokeCoalPig IronSilicon Steel
New Energy
New Energy
SolarLithiumCobaltTernary Precursor and MaterialAnode MaterialsChemical CompoundLithium-ion BatteryUsed Lithium-ion BatterySodium-ion BatteryHydrogen EnergyEnergy Storage
DashboardDatabaseProReportsEventsConsulting
Home / Metal News / SHFE Aluminum to Meet Resistance (2016-6-29)

SHFE Aluminum to Meet Resistance (2016-6-29)

iconJun 29, 2016 09:29
Source:SMM
Impact from UK leave vote is fading. Blast in Turkey and falling crude oil stocks supported crude oil prices.

SHANGHAI, Jun. 29 (SMM) – Impact from UK leave vote is fading. Blast in Turkey and falling crude oil stocks supported crude oil prices. LME aluminum will return to levels seen before UK vote result and move at USD 1,620-1,640/mt today. 

SHFE 1608 aluminum has met growing resistance and should move at RMB 12,340-12,480/mt. 

In China’s spot aluminum market, spot premiums of RMB 30-70/mt are expected over SHFE 1607 aluminum contract.

Key Macroeconomic Indicators for Base Metal Prices (2016-6-29)


SHFE aluminum prices
aluminum prices
Al price
base metal price forecast

For queries, please contact Michael Jiang at michaeljiang@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Related news

SMM Events & Webinars

All
MOST POPULAR
1.NEV Magnet Wire Industry Opportunity Discovery
2.Copper Substitution Market Study-Consumer Durables
3.Copper Substitution Market Study-Construction
4.Copper Substitution Market Study-Power Distribution
5.Copper Substitution Market Study-Power Transmission
Shanghai Metals Market
Privacy PolicyCompliance CentreSMM Credit ServiceContact UsAbout UsTerms & ConditionsSitemap
Notice: By accessing this site you agree that you will not copy or reproduce any part of its contents (including, but not limited to, single prices, graphs or news content) in any form or for any purpose whatsoever without the prior written consent of the publisher.
Drop us a line
service.en@smm.cn
How can we help you?
+86 021 5155-0306
Live chat via WhatsApp
Copyright © 2024 SMM Information & Technology Co., Ltd. All rights reserved.