SHFE Aluminum to Stay Weak (2017-6-14)-Shanghai Metals Market

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

Price Review & Forecast 09:55:40AM Jun 14, 2017 Source:SMM

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 to Stay Weak (2017-6-14)

Price Review & Forecast 09:55:40AM Jun 14, 2017 Source:SMM

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)