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Home / Metal News / LME Aluminum to Drop Slower Next Week, SMM Says

LME Aluminum to Drop Slower Next Week, SMM Says

iconOct 21, 2016 15:07
Source:SMM
LME aluminum will fall at a slower pace next week, while movement of SHFE aluminum will face growing uncertainties, SMM expects.

SHANGHAI, Oct. 21 (SMM) – LME aluminum will fall at a slower pace next week, while movement of SHFE aluminum will face growing uncertainties, SMM expects.

SMM sees LME aluminum ranging $1,570-1,630 per tonne.  

It is expected that aluminum ingot arrivals from northwest China will increase. However, if arrivals turn out to be lower than expected, SHFE aluminum might regain rising strength. SHFE 1612 aluminum should fluctuate between 12,400-12,660 yuan per tonne.

In east China spot market, spot premiums are expected at 200-400 yuan per tonne over SHFE 1611 aluminum. 

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

aluminum prices
LME aluminum
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For queries, please contact William Gu at williamgu@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

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