SHFE Aluminum to See Greater Volatility Next Week, SMM Expects-Shanghai Metals Market

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SHFE Aluminum to See Greater Volatility Next Week, SMM Expects

SMM Insight 01:24:32PM Nov 04, 2016 Source:SMM

SHANGHAI, Nov. 4 (SMM) – SHFE aluminum will swing more widely next week, while LME aluminum will see range-bound trading, SMM predicts.

Changes in domestic aluminum stocks will have big impact on SHFE aluminum. SHFE 1701 aluminum will move between 13,100-13,700 yuan/tonne, while LME aluminum should trade between $ 1,690-1,750/tonne.

While growing arrivals by truck have helped ease supply tightness slightly, overall aluminum stocks remain low. Aluminum prices in east China spot market should trade at premiums of 250-350 yuan/tonne over SHFE 1611 aluminum.

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

Price

more
Aluminum Ingot
Apr.19
14050.0
40.0
(0.29%)
Alumina (Averaged)
Apr.19
2665.0
0.0
(0.00%)
Alumina-East
Apr.19
2680.0
0.0
(0.00%)
Alumina -Central
Apr.19
2670.0
0.0
(0.00%)
Alumina - North
Apr.19
2660.0
0.0
(0.00%)

SHFE Aluminum to See Greater Volatility Next Week, SMM Expects

SMM Insight 01:24:32PM Nov 04, 2016 Source:SMM

SHANGHAI, Nov. 4 (SMM) – SHFE aluminum will swing more widely next week, while LME aluminum will see range-bound trading, SMM predicts.

Changes in domestic aluminum stocks will have big impact on SHFE aluminum. SHFE 1701 aluminum will move between 13,100-13,700 yuan/tonne, while LME aluminum should trade between $ 1,690-1,750/tonne.

While growing arrivals by truck have helped ease supply tightness slightly, overall aluminum stocks remain low. Aluminum prices in east China spot market should trade at premiums of 250-350 yuan/tonne over SHFE 1611 aluminum.

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