LME Aluminum to Look for Support (2017-6-6)-Shanghai Metals Market

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LME Aluminum to Look for Support (2017-6-6)

Price Review & Forecast 09:38:26AM Jun 06, 2017 Source:SMM

SHANGHAI, Jun. 6 (SMM) –LME aluminum will test support at USD 1,900/mt and move between USD 1,890-1,915/mt today. SHFE 1707 aluminum should fall further to RMB 13,550-13,750/mt. 

In east China’s spot aluminum market, spot discounts of RMB 80-40/mt are expected over SHFE 1706 aluminum contract.

Key Macroeconomic Indicators for Base Metal Prices (2017-6-6)

 

LME Aluminum to Look for Support (2017-6-6)

Price Review & Forecast 09:38:26AM Jun 06, 2017 Source:SMM

SHANGHAI, Jun. 6 (SMM) –LME aluminum will test support at USD 1,900/mt and move between USD 1,890-1,915/mt today. SHFE 1707 aluminum should fall further to RMB 13,550-13,750/mt. 

In east China’s spot aluminum market, spot discounts of RMB 80-40/mt are expected over SHFE 1706 aluminum contract.

Key Macroeconomic Indicators for Base Metal Prices (2017-6-6)