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. 

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

SHANGHAI, Jun. 16 (SMM) &ndash;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.&nbsp;

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

<a href="https://news.metal.com/newscontent/100741460/Key-Macroeconomic-Indicators-for-Base-Metal-Prices-(2017-6-16)">Key Macroeconomic Indicators for Base Metal Prices (2017-6-16)</a> 
 
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