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Home / Metal News / LME Aluminum to Hover at Highs (2017-7-14)

LME Aluminum to Hover at Highs (2017-7-14)

Jul 14, 2017 09:41

Source:SMM

LME aluminum will trade at USD 1,918-1,940/mt on Friday and SHFE 1709 aluminum will fluctuate between RMB 14,350-14,550/mt.

SHANGHAIM, Jul. 14 (SMM) – LME aluminum regained previous lost ground on Thursday night and hovered at highs with weakening impact from output cut news in Shandong. LME aluminum will trade at USD 1,918-1,940/mt on Friday and SHFE 1709 aluminum will fluctuate between RMB 14,350-14,550/mt.

In China’s domestic market, spot aluminum should trade at discounts of RMB 70-30/mt.

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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LME Aluminum to Hover at Highs (2017-7-14)

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