SHFE Aluminum to Remain Weak (2017-6-16)-Shanghai Metals Market

Hot Keywords

  • Inventory data
  • NPI
  • Zinc
  • Production data
  • Macroeconomics
  • Market commentary
  • Morning comments
  • Aluminium
  • Copper
  • Stainless steel
  • Mengtai Group
  • Nickel
  • Futures movement
  • In the United States
  • trade negotiations

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

Price Review & Forecast 09:44:05AM Jun 16, 2017 Source:SMM

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)

Price Review & Forecast 09:44:05AM Jun 16, 2017 Source:SMM

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)