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

Published: Jul 14, 2017 09:41

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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

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