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Home / Metal News / LME Aluminum to Move Higher (2017-2-16)

LME Aluminum to Move Higher (2017-2-16)

iconFeb 16, 2017 09:34
Source:SMM
LME aluminum will trade at USD 1,905-1,935/mt and SHFE 1704 aluminum is expected to fluctuate between RMB 14,400-14,700/mt .

SHANGHAI, Feb. 16 (SMM) – LME aluminum refreshes new highs continually. This, together with longs strengthening in SHFE aluminum market, will send LME aluminum up on Thursday. The contract will trade at USD 1,905-1,935/mt. SHFE 1704 aluminum broke through RMB 14,500/mt on Wednesday’s night trading and closed at RMB 14,500/mt with positions up 10,000. SHFE 1704 aluminum is expected to fluctuate between RMB 14,400-14,700/mt on Thursday.

In China’s domestic market, spot aluminum should trade at discounts of RMB 200-240/mt on Thursday.

SHFE aluminum
LME aluminum
aluminum prices

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