SHFE Aluminum to Outshine LME Aluminum Next Week, SMM Expects -Shanghai Metals Market

Hot Keywords

  • Zinc
  • Inventory data
  • Copper scrap
  • Rare earth
  • Copper
  • MMi Iron Ore Port Index
  • Aluminium
  • Aluminum
  • SMM
  • Morning comments
  • Evening comments
  • Market commentary
  • Futures movement
  • Cobalt
  • price forecast

SHFE Aluminum to Outshine LME Aluminum Next Week, SMM Expects 

SMM Insight 02:23:16PM Oct 14, 2016 Source:SMM

SHANGHAI, Oct. 14 (SMM) – LME aluminum will meet growing resistance, while SHFE aluminum will gather strength from low stocks, SMM says.

LME aluminum will move at $1,670-1,710/mt, pressured by strong dollar and weaker yuan. SHFE 1611 aluminum will advance to 12,500-13,000 yuan per tonne. 

Spot premiums in domestic market will return to 200 yuan per tonne over SHFE 1611 aluminum. 

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.
 

SHFE Aluminum to Outshine LME Aluminum Next Week, SMM Expects 

SMM Insight 02:23:16PM Oct 14, 2016 Source:SMM

SHANGHAI, Oct. 14 (SMM) – LME aluminum will meet growing resistance, while SHFE aluminum will gather strength from low stocks, SMM says.

LME aluminum will move at $1,670-1,710/mt, pressured by strong dollar and weaker yuan. SHFE 1611 aluminum will advance to 12,500-13,000 yuan per tonne. 

Spot premiums in domestic market will return to 200 yuan per tonne over SHFE 1611 aluminum. 

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.