LME Aluminum to Remain Rising Momentum (2017-3-22)

Published: Mar 22, 2017 10:00
LME aluminum will move at USD 1,915-1,950/mt on Wednesday and SHFE 1705 aluminum will move between RMB 13,750-13,950/mt.

SHANGHAI, Mar. 22 (SMM) – LME aluminum increased for 3 days in a row and will remain rising momentum on Wednesday with rising strength. LME aluminum will move at USD 1,915-1,950/mt on Wednesday and SHFE 1705 aluminum will move between RMB 13,750-13,950/mt.

In China’s domestic market, spot aluminum should trade at discounts of RMB 200-160/mt on Wednesday.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

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