LME Aluminum to Post Gains (2016-11-24)-Shanghai Metals Market

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LME Aluminum to Post Gains (2016-11-24)

Price Review & Forecast 09:53:52AM Nov 24, 2016 Source:SMM

SHANGHAI, Nov. 24 (SMM) – LME aluminum increased for four days in a row and will range between USD 1,760-1,795/mt on Thursday. SHFE 1712 aluminum, becoming the most actively traded one, will be refrained by soft spot aluminum, but is expected to keep fluctuating at RMB 13,800-14,070/mt on Thursday, supported by other strong base metals.

In China’s domestic market spot aluminum should trade at premiums of RMB 280-320/mt on Thursday.

LME Aluminum to Post Gains (2016-11-24)

Price Review & Forecast 09:53:52AM Nov 24, 2016 Source:SMM

SHANGHAI, Nov. 24 (SMM) – LME aluminum increased for four days in a row and will range between USD 1,760-1,795/mt on Thursday. SHFE 1712 aluminum, becoming the most actively traded one, will be refrained by soft spot aluminum, but is expected to keep fluctuating at RMB 13,800-14,070/mt on Thursday, supported by other strong base metals.

In China’s domestic market spot aluminum should trade at premiums of RMB 280-320/mt on Thursday.