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Home / Metal News / SHFE Aluminum to Face Pressure from Short Selling (2016-10-18)

SHFE Aluminum to Face Pressure from Short Selling (2016-10-18)

Oct 18, 2016 09:10

Source:SMM

SHFE 1611 aluminum will fall to RMB 12,550-12,750/mt due to growing short momentum.

SHANGHAI, Oct. 18 (SMM) –SHFE 1611 aluminum will fall to RMB 12,550-12,750/mt due to growing short momentum.

LME aluminum will drop to USD 1,650-1,670/mt due to short selling.

In east China spot market, spot premiums of RMB 260-300/mt are expected over SHFE 1611 aluminum contract.

Key Macroeconomic Indicators for Base Metal Prices (2016-10-18)

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