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Home / Metal News / SHFE Aluminum to Hold at Highs (2017-7-19)

SHFE Aluminum to Hold at Highs (2017-7-19)

iconJul 19, 2017 09:52
The US will release housing starts and building permits today, which are expected to rise.

SHANGHAI, Jul. 19 (SMM) – The US will release housing starts and building permits today, which are expected to rise. The US dollar index is expected to rebound. LME aluminum found support at USD 1,900/mt and will range USD 1,910-1,940/mt today. SHFE 1709 aluminum will move at highs of RMB 14,300-14,500/mt on big-scale capacity cuts in July.    

In east China’s spot aluminum market, spot discounts are expected at RMB 170-150/mt over SHFE 1708 aluminum contract.  

Key Macroeconomic Indicators for Base Metal Prices (2017-7-19)
 

SHFE aluminum prices
aluminum prices
Al price
base metal price forecast
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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