LME Aluminum to Strengthen (2017-7-4)

Published: Jul 4, 2017 09:43

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LME aluminum will challenge USD 1,930/mt and range USD 1,920-1,940/mt today.

SHANGHAI, Jul. 4 (SMM) – LME aluminum will challenge USD 1,930/mt and range USD 1,920-1,940/mt today. SHFE 1708 aluminum will correct at highs of RMB 14,000-14,160/mt since output cut news at East Hope has been digested.

In east China’s spot aluminum market, spot discounts are expected at RMB 160-120/mt over SHFE 1707 aluminum contract.

Key Macroeconomic Indicators for Base Metal Prices (2017-7-4)

SHFE aluminum prices aluminum prices Al price base metal price forecast

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