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Home / Metal News / SHFE Aluminum to Continue Falling (2017-6-15)

SHFE Aluminum to Continue Falling (2017-6-15)

iconJun 15, 2017 09:47
SHFE 1708 aluminum hit its lowest since January 13 at RMB 13,485/mt overnight.

SHANGHAI, Jun. 15 (SMM) –SHFE 1708 aluminum hit its lowest since January 13 at RMB 13,485/mt overnight. The contract will fall further to RMB 13,450-13,650/mt today, due to growing stocks and weakening consumption in spot market.  

In east China’s spot aluminum market, spot discounts of RMB 50-10/mt are expected over SHFE 1706 aluminum contract.

Key Macroeconomic Indicators for Base Metal Prices (2017-6-15)

 

SHFE aluminum prices
aluminum prices
Al price
base metal price forecast
Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

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