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Home / Metal News / LME Aluminum to Hover at Highs (2017-7-10)

LME Aluminum to Hover at Highs (2017-7-10)

iconJul 10, 2017 09:58
Source:SMM
LME aluminum will hover at highs on Monday with price range at USD 1,920-1,940/mt, and SHFE 1709 aluminum, facing downward pressure, will fluctuate at RMB 14,100-14,250/mt.

SHANGHAIM, Jul. 10 (SMM) – US’s change in labor market conditions index will increase in June, and there is no data will be released in China. LME aluminum will hover at highs on Monday with price range at USD 1,920-1,940/mt, and SHFE 1709 aluminum, facing downward pressure, will fluctuate at RMB 14,100-14,250/mt.

In China’s domestic market, spot aluminum should trade at discounts of RMB 120-80/mt on Monday.

SHFE aluminum
LME aluminum
aluminum prices

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