SHFE Aluminum to Continue Falling (2017-6-15)-Shanghai Metals Market

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

Price Review & Forecast 09:47:57AM Jun 15, 2017 Source:SMM

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 to Continue Falling (2017-6-15)

Price Review & Forecast 09:47:57AM Jun 15, 2017 Source:SMM

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)