SHFE Aluminum to Stay Weak (2017-6-14)

Published: Jun 14, 2017 09:55

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SHFE 1708 aluminum will find support from rally in LME aluminum.

SHANGHAI, Jun. 14 (SMM) –SHFE 1708 aluminum will find support from rally in LME aluminum. But, poor market fundamentals will prevent prices from rising. SHFE 1708 aluminum should move at lows of RMB 13,600-13,770/mt.

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

Key Macroeconomic Indicators for Base Metal Prices (2017-6-14)

SHFE aluminum prices aluminum prices Al price base metal price forecast

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