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

Hot Keywords

  • Inventory data
  • NPI
  • Zinc
  • Production data
  • Market commentary
  • Macroeconomics
  • Morning comments
  • Stainless steel
  • Mengtai Group
  • Aluminium
  • Copper
  • Nickel
  • Futures movement
  • trade negotiations
  • hydrogen stations

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

Price Review & Forecast 09:48:32AM Jun 12, 2017 Source:SMM

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

Price Review & Forecast 09:48:32AM Jun 12, 2017 Source:SMM

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)