Home / Metal News / LME Aluminum to Strengthen (2016-11-23)

LME Aluminum to Strengthen (2016-11-23)

iconNov 23, 2016 09:58
Source:SMM
LME aluminum will range between USD 1,750-1,785/mt on Wednesday and SHFE 1702 aluminum is expected to move at RMB 14,200-14,500/mt.

SHANGHAI, Nov. 23 (SMM) – LME aluminum opened higher with a full and increased with rising positions on Tuesday, supported by firm SHFE 1701 aluminum. The contract will range between USD 1,750-1,785/mt on Wednesday. SHFE 1702 aluminum, becoming the most actively traded one, approached to the year’s high on Tuesday. SHFE 1702 aluminum is expected to move at RMB 14,200-14,500/mt on Wednesday, with strong rising strength, despite SHFE’s regulations.

In China’s domestic market, spot aluminum should trade at premiums of RMB 300-340/mt on Wednesday.

SHFE aluminum
LME aluminum
aluminum prices

For queries, please contact Michael Jiang at michaeljiang@smm.cn

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

Related news