LME Aluminum to Hover at Highs (2017-8-10)

Published: Aug 10, 2017 09:27

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LME aluminum will trade at USD 2,005-2,035/mt on Thursday, and SHFE 1710 aluminum will regain losses seen on Wednesday’s night trading, with price estimated at RMB 16,000-16,250/mt.

SHANGHAI, Aug. 10 (SMM) – LME aluminum will trade at USD 2,005-2,035/mt on Thursday, and SHFE 1710 aluminum will regain losses seen on Wednesday’s night trading, with price estimated at RMB 16,000-16,250/mt.

In east China’s spot aluminum market, spot discounts are expected at RMB 220-180/mt over SHFE 1708 aluminum contract.

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