LME Aluminum to Rally after a Plunge (2017-7-11)-Shanghai Metals Market

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LME Aluminum to Rally after a Plunge (2017-7-11)

Price Review & Forecast 09:57:19AM Jul 11, 2017 Source:SMM

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.

LME Aluminum to Rally after a Plunge (2017-7-11)

Price Review & Forecast 09:57:19AM Jul 11, 2017 Source:SMM

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.