SHFE Aluminum to Hover at Lows (2017-6-23)-Shanghai Metals Market

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SHFE Aluminum to Hover at Lows (2017-6-23)

Price Review & Forecast 09:39:04AM Jun 23, 2017 Source:SMM

SHANGHAI, Jun. 23 (SMM) – LME aluminum will test support at USD 1,866/mt and range USD 1,860-1,880/mt. SHFE 1708 aluminum will move at RMB 13,700-13,900/mt. 

In east China’s spot aluminum market, spot discounts of RMB 130-90/mt are expected over SHFE 1707 aluminum contract.

Key Macroeconomic Indicators for Base Metal Prices (2017-6-23)

 

SHFE Aluminum to Hover at Lows (2017-6-23)

Price Review & Forecast 09:39:04AM Jun 23, 2017 Source:SMM

SHANGHAI, Jun. 23 (SMM) – LME aluminum will test support at USD 1,866/mt and range USD 1,860-1,880/mt. SHFE 1708 aluminum will move at RMB 13,700-13,900/mt. 

In east China’s spot aluminum market, spot discounts of RMB 130-90/mt are expected over SHFE 1707 aluminum contract.

Key Macroeconomic Indicators for Base Metal Prices (2017-6-23)