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Home / Metal News / SHFE Aluminum to Remain in Upward Track (2017-7-12)S

SHFE Aluminum to Remain in Upward Track (2017-7-12)S

iconJul 12, 2017 09:45
Source:SMM
LME aluminum will trade at USD 1,885-1,905/mt on Wednesday and SHFE 1709 aluminum will challenge RMB 14,305/mt.

SHANGHAIM, Jul. 12 (SMM) – LME aluminum will trade at USD 1,885-1,905/mt on Wednesday and SHFE 1709 aluminum will challenge RMB 14,305/mt after a rebound on Tuesday’s night trading. But, attention should be on a possible decline after simmering of the rumor. SHFE 1709 aluminum will fluctuate between RMB 14,150-14,320/mt.

Xinfa Group Denies Rumor of Illegal 1.1 Mln-tpy Aluminum Project, SMM Reports

In China’s domestic market, spot aluminum should trade at discounts of RMB 110-70/mt on Wednesday.

SHFE aluminum
LME aluminum
aluminum prices
Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

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