LME Aluminum to Move Wildly (2016-7-1)-Shanghai Metals Market

Hot Keywords

  • Inventory data
  • Rare earths
  • Rare earth
  • Market commentary
  • Zinc
  • Aluminium
  • Iron ore
  • Macroeconomics
  • Copper
  • Sales data
  • MMi Iron Ore Port Index
  • precious metals
  • Nickel
  • Futures movement
  • Evening comments

LME Aluminum to Move Wildly (2016-7-1)

Price Review & Forecast 09:22:59AM Jul 01, 2016 Source:SMM

SHANGHAI, Jul. 1 (SMM) – Manufacturing PMIs from major economies to be released today will leave LME aluminum moving in a wide range of USD 1,635-1,660/mt. 

SHFE 1608 aluminum will challenge previous highs and move at RMB 12,600-12,800/mt. 

In China’s spot aluminum market, spot premiums of RMB 60-100/mt are expected over SHFE 1607 aluminum contract.

Key Macroeconomic Indicators for Base Metal Prices (2016-7-1)



LME Aluminum to Move Wildly (2016-7-1)

Price Review & Forecast 09:22:59AM Jul 01, 2016 Source:SMM

SHANGHAI, Jul. 1 (SMM) – Manufacturing PMIs from major economies to be released today will leave LME aluminum moving in a wide range of USD 1,635-1,660/mt. 

SHFE 1608 aluminum will challenge previous highs and move at RMB 12,600-12,800/mt. 

In China’s spot aluminum market, spot premiums of RMB 60-100/mt are expected over SHFE 1607 aluminum contract.

Key Macroeconomic Indicators for Base Metal Prices (2016-7-1)