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EventsConsultingSHFE Aluminum to Rise (2017-9-7)
Sep 7,2017 09:41
CSTSMM Comments
Source:SMM
Risk version cooled down sharply after Trump said military action to North Korea is not the first option.
SHANGHAI, Sep. 7 (SMM) – Risk version cooled down sharply after Trump said military action to North Korea is not the first option. LME aluminum positions rose sharply, and should move higher to USD 2,105-2,125/mt. SHFE 1711 aluminum will advance to RMB 16,350-16,550/mt today.
In east China’s spot aluminum market, spot discounts are expected at RMB 170-130/mt over SHFE 1709 aluminum contract.
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