Metals News
SHFE Aluminum to Meet Resistance (2016-6-29)
price review forecast
09:29AM
Source:SMM

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
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