LME Aluminum to Strengthen (2017-5-23)

Published: May 23, 2017 09:37

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LME aluminum is still in upward track and will rise to USD 1,930-1,950/mt today since the OPEC is likely to extend oil output cut agreement.

SHANGHAI, May 23 (SMM) –LME aluminum is still in upward track and will rise to USD 1,930-1,950/mt today since the OPEC is likely to extend oil output cut agreement. SHFE 1707 aluminum should move between RMB 13,900-14,080/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 (2017-5-23)

SHFE aluminum prices aluminum prices Al price base metal price forecast

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