SHANGHAI, Nov. 9 (SMM) – Attention should be on impact on prices from US presidential election on Wednesday and LME aluminum is predicted to move at USD 1,715-1,740/mt. Base metals will rise across the board on Wednesday. Snowfall in northwest China supports spot aluminum prices. SHFE 1701 aluminum is expected to range between RMB 13,500-13,700/mt on Wednesday.
In China’s domestic market, spot aluminum should increase by RMB 100/mt to RMB 16,650-16,800/mt on Wednesday.