LME Aluminum to Fall on Growing Stocks (2017-6-22)-Shanghai Metals Market

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LME Aluminum to Fall on Growing Stocks (2017-6-22)

Price Review & Forecast 09:39:27AM Jun 22, 2017 Source:SMM

SHANGHAI, Jun. 22 (SMM) – LME aluminum will fall to USD 1,862-1,878/mt as LME aluminum stocks returned to growth. SHFE 1708 aluminum will move at RMB 13,810-13,980/mt. 

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 (2017-6-22)
 

LME Aluminum to Fall on Growing Stocks (2017-6-22)

Price Review & Forecast 09:39:27AM Jun 22, 2017 Source:SMM

SHANGHAI, Jun. 22 (SMM) – LME aluminum will fall to USD 1,862-1,878/mt as LME aluminum stocks returned to growth. SHFE 1708 aluminum will move at RMB 13,810-13,980/mt. 

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 (2017-6-22)