LME Aluminum to Strengthen (2017-3-31)

Published: Mar 31, 2017 09:33

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LME aluminum will fluctuate between USD 1,955-1,980/mt and SHFE 1705 aluminum will move at RMB 13,700-14,000/mt.

SHANGHAI, Mar. 31 (SMM) – LME aluminum hit the highest level since May 2015. The contract will move higher on Friday and fluctuate between USD 1,955-1,980/mt. SHFE 1705 aluminum will test RMB 14,000/mt on Friday and move at RMB 13,700-14,000/mt.

In China’s domestic market, spot copper should trade at discounts of RMB 220-180/mt on Friday.

SHFE aluminum LME aluminum aluminum prices

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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