SHFE 1708 aluminum hit its lowest since January 13 at RMB 13,485/mt overnight.

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

SHANGHAI, Jun. 15 (SMM) &ndash;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. &nbsp;

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

<a href="https://news.metal.com/newscontent/100741231/Key-Macroeconomic-Indicators-for-Base-Metal-Prices-(2017-6-15)">Key Macroeconomic Indicators for Base Metal Prices (2017-6-15)</a> 
 
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