LME Aluminum to Remain Rising Momentum (2017-1-16)

Jan 16, 2017 09:57

LME aluminum will range between USD 1,810-1,830/mt on Monday and SHFE 1703 aluminum will hover at RMB 13,350-13,550/mt.

SHANGHAI, Jan. 16 (SMM) – LME aluminum increased for eight days in a row with rising positions, refreshing new high since 2016. The contract will remain rising momentum on Monday and range between USD 1,810-1,830/mt. SHFE 1703 aluminum will hover at RMB 13,350-13,550/mt on Monday.

In China’s domestic market, spot aluminum should trade at discounts of RMB 120-80/mt on Monday.

SHFE aluminum

LME aluminum

aluminum prices

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LME Aluminum to Remain Rising Momentum (2017-1-16)

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