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Home / Metal News / SHFE Aluminum to Struggle around RMB 14,000/mt (2017-5-16)

SHFE Aluminum to Struggle around RMB 14,000/mt (2017-5-16)

iconMay 16, 2017 09:27
Source:SMM
SHFE 1707 aluminum should struggle around RMB 14,000/mt and range RMB 13,900-14,100/mt since factor that fuels this round of price gains is unsustainable.

SHANGHAI, May 16 (SMM) –SHFE 1707 aluminum should struggle around RMB 14,000/mt and range RMB 13,900-14,100/mt since factor that fuels this round of price gains is unsustainable. LME aluminum will range USD 1,890-1,914/mt today. 

In east China’s spot aluminum market, spot discounts of RMB 60-20/mt are expected over SHFE 1705 aluminum contract.

Key Macroeconomic Indicators for Base Metal Prices (2017-5-16)

 

SHFE aluminum prices
aluminum prices
Al price
base metal price forecast

For queries, please contact Michael Jiang at michaeljiang@smm.cn

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