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Home / Metal News / SHFE Aluminum to Struggle on Strong Market Caution (2017-5-19)

SHFE Aluminum to Struggle on Strong Market Caution (2017-5-19)

May 19, 2017 09:42

Source:SMM

SHFE 1707 aluminum should trade at RMB 13,900-14,050/mt today since both longs and shorts are cautious.

SHANGHAI, May 19 (SMM) – SHFE 1707 aluminum should trade at RMB 13,900-14,050/mt today since both longs and shorts are cautious. LME aluminum will move at USD 1,900-1,925/mt, with strong support at USD 1,900/mt.

In east China’s spot aluminum market, spot discounts of RMB 110-70/mt are expected over SHFE 1706 aluminum contract.

Key Macroeconomic Indicators for Base Metal Prices (2017-5-19)

SHFE aluminum prices

aluminum prices

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base metal price forecast

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SHFE Aluminum to Struggle on Strong Market Caution (2017-5-19)

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