SHFE Aluminum to Remain Weak (2017-6-13)-Shanghai Metals Market

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SHFE Aluminum to Remain Weak (2017-6-13)

Price Review & Forecast 09:51:50AM Jun 13, 2017 Source:SMM

SHANGHAI, Jun. 13 (SMM) –SHFE 1708 aluminum will move at RMB 13,620-13,770/mt, with strong resistance at the 10-day moving average and market sentiment still bearish. 

In east China’s spot aluminum market, spot discounts of RMB 20-60/mt are expected over SHFE 1706 aluminum contract with delivery of the contract nearing.

Key Macroeconomic Indicators for Base Metal Prices (2017-6-13)

 

SHFE Aluminum to Remain Weak (2017-6-13)

Price Review & Forecast 09:51:50AM Jun 13, 2017 Source:SMM

SHANGHAI, Jun. 13 (SMM) –SHFE 1708 aluminum will move at RMB 13,620-13,770/mt, with strong resistance at the 10-day moving average and market sentiment still bearish. 

In east China’s spot aluminum market, spot discounts of RMB 20-60/mt are expected over SHFE 1706 aluminum contract with delivery of the contract nearing.

Key Macroeconomic Indicators for Base Metal Prices (2017-6-13)