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Home / Metal News / Falling Inventories to Boost Aluminum Price (2016-9-27)

Falling Inventories to Boost Aluminum Price (2016-9-27)

Sep 27, 2016 09:35

Source:SMM

LME aluminum will fluctuate between USD 1,650-1,670/mt today.

SHANGHAI, Sep. 27 (SMM) – LME aluminum will fluctuate between USD 1,650-1,670/mt today. SHFE 1611 aluminum will move between RMB 12,400-12,600/mt as trading inventories grew, with spot premiums between RMB 430-470/mt.

SHFE aluminum prices

LME aluminum prices

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LME aluminum should move at highs of USD 1,950-1,975/mt today.

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SHFE 1610 aluminum will struggle around the 5-day moving average due to strong market caution, with prices expected at RMB 12,100-12,250/mt.

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Falling Inventories to Boost Aluminum Price (2016-9-27)

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