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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

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