SHANGHAI, Jul. 6 (SMM) – LME aluminum will range USD 1,915-1,935/mt today. SHFE 1708 aluminum will move at RMB 14,100-14,360/mt. Provincial governments will submit capacity cut work to the central government today, so market need to see whether there will be any policy guidance.
In east China’s spot aluminum market, spot discounts are expected at RMB 140-100/mt over SHFE 1707 aluminum contract.