SHANGHAIM, Jul. 11 (SMM) – LME aluminum, surrendering all gains in July, will register a correction on Tuesday with price range at USD 1,888-1,911/mt. SHFE 1709 aluminum, which has dropped for 4 days in a row, will keep falling on Tuesday, if there is no positive news heard. But, the rumors are buzzed again, and the contract will fluctuate between RMB 14,000-14,150/mt.
In China’s domestic market, spot aluminum should trade at discounts of RMB 130-90/mt.