Home / Metal News / Aluminium / LME Aluminum to Rally after a Plunge (2017-7-11)
LME Aluminum to Rally after a Plunge (2017-7-11)
Jul 11,2017 09:57CST
price review forecast
Source:SMM
LME aluminum, will register a correction on Tuesday with price range at USD 1,888-1,911/mt. SHFE 1709 aluminum will fluctuate between RMB 14,000-14,150/mt.

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.

SHFE aluminum
LME aluminum
aluminum prices

For queries, please contact Frank LIU at liuxiaolei@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Related news