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Home / Metal News / LME Aluminum to Strengthen (2017-3-31)

LME Aluminum to Strengthen (2017-3-31)

Mar 31, 2017 09:33

Source:SMM

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

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SMM Comments

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