SHFE Aluminum to Remain Weak (2017-6-16)

Published: Jun 16, 2017 09:44

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SHFE 1708 aluminum will move at lows of RMB 13,450-13,650/mt today, due to growing stocks, weakening consumption and tightening cash around mid-year.

SHANGHAI, Jun. 16 (SMM) –SHFE 1708 aluminum will move at lows of RMB 13,450-13,650/mt today, due to growing stocks, weakening consumption and tightening cash around mid-year.

In east China’s spot aluminum market, spot discounts of RMB 120-80/mt are expected over SHFE 1707 aluminum contract.

Key Macroeconomic Indicators for Base Metal Prices (2017-6-16)

SHFE aluminum prices aluminum prices Al price base metal price forecast

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