LME Aluminum to Move Higher (2017-2-13)

Published: Feb 13, 2017 10:00

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LME aluminum will trade at USD 1,865-1,885/mt on Monday and SHFE 1704 copper will move between RMB 13,900-14,180/mt

SHANGHAI, Feb. 13 (SMM) – Eyes should be on OPEC monthly crude oil market report on Monday. LME aluminum will test the previous highest level and is expected to trade at USD 1,865-1,885/mt on Monday. Long and short investors will struggle at RMB 14,000/mt on Monday and SHFE 1704 copper will greatly affect SHFE 1703 aluminum. The contract will move between RMB 13,900-14,180/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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