SHANGHAI, Jul. 20 (SMM) – The Bank of Japan and European Central Bank will release latest policy decision today, but the impact will be small. LME aluminum will move at USD 1,915-1,935/mt today. Three days have gone since Xinfa group output cut news. There may be more news on capacity cuts. SHFE 1709 aluminum will rise to RMB 14,350-14,560/mt.
In east China’s spot aluminum market, spot discounts are expected at RMB 180-140/mt over SHFE 1708 aluminum contract.