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Home / Metal News / LME Aluminum to Fall further (2017-9-11)

LME Aluminum to Fall further (2017-9-11)

Sep 11, 2017 09:46

Source:SMM

LME aluminum will drop to USD 2,080-2,105/mt today on strong bearishness.

SHANGHAI, Sep. 11 (SMM) –LME aluminum will drop to USD 2,080-2,105/mt today on strong bearishness. SHFE 1711 aluminum will perform better than LME aluminum due to anticipation for winter cuts. Declines in other base metals will leave SHFE 1711 aluminum struggling at RMB 15,700-15,950/mt today.

In east China’s spot aluminum market, spot discounts are expected at RMB 90-50/mt over SHFE 1709 aluminum contract.

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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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On Thursday’s night trading, SHFE 1610 aluminum slid to RMB 12,655/mt after opening at RMB 12,780/mt, ending at RMB 12,680/mt.

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LME Aluminum to Fall further (2017-9-11)

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