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SHFE Aluminum to Advance (2017-7-20)
Jul 20,2017 09:32CST
SMM Comments
Source:SMM
The Bank of Japan and European Central Bank will release latest policy decision today, but the impact will be small.

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.  

Key Macroeconomic Indicators for Base Metal Prices (2017-7-20)

 

SHFE aluminum prices
aluminum prices
Al price
base metal price forecast

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