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Home / Metal News / SHFE Aluminum to Stay Weak (2017-6-14)

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

Jun 14, 2017 09:55

Source:SMM

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)

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SHFE 1708 aluminum moved down after opening at RMB 14,090/mt on Tuesday, touching an intraday low of RMB 14,005/mt in the afternoon.

Jul 4, 2017 18:02

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SMM Comments

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SMM Comments

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SMM Comments

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SMM Comments

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SMM Comments

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Mar 30, 2016 09:26

SMM Comments

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

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