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