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