SHFE Aluminum to Fall on Growing Supply (2017-6-12)

Published: Jun 12, 2017 09:48

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SHFE 1708 aluminum fell sharply last Friday on short selling, and will fall further to RMB 13,750-13,900/mt on growing supply.

SHANGHAI, Jun. 12 (SMM) –SHFE 1708 aluminum fell sharply last Friday on short selling, and will fall further to RMB 13,750-13,900/mt on growing supply.

In east China’s spot aluminum market, spot discounts of RMB 30-70/mt are expected over SHFE 1706 aluminum contract.

Key Macroeconomic Indicators for Base Metal Prices (2017-6-12)

SHFE aluminum prices aluminum prices Al price base metal price forecast

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