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

Published: Sep 11, 2017 09:46

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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.

SHFE aluminum prices aluminum prices Al price base metal price forecast

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