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