SHFE Aluminum to Meet Downward Pressure (2016-11-11)

Price Review & Forecast 09:58:41AM Nov 11, 2016 Source:SMM

SHANGHAI, Nov. 11 (SMM) – Impact from US presidential election reduced. LME aluminum is expected to move between USD 1,760-1,785/mt on Friday. SHFE announced to raise trading margins on Thursday, weighing down base metals. SHFE 1701 aluminum will range at RMB 13,950-14,250/mt on Friday with market wary sentiment.

In China’s domestic market, spot aluminum should trade at premiums of RMB 240-280/mt on Friday.

SHFE Aluminum to Meet Downward Pressure (2016-11-11)

Price Review & Forecast 09:58:41AM Nov 11, 2016 Source:SMM

SHANGHAI, Nov. 11 (SMM) – Impact from US presidential election reduced. LME aluminum is expected to move between USD 1,760-1,785/mt on Friday. SHFE announced to raise trading margins on Thursday, weighing down base metals. SHFE 1701 aluminum will range at RMB 13,950-14,250/mt on Friday with market wary sentiment.

In China’s domestic market, spot aluminum should trade at premiums of RMB 240-280/mt on Friday.