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Home / Metal News / SHFE Aluminum to Rise further (2017-9-12)

SHFE Aluminum to Rise further (2017-9-12)

Sep 12, 2017 09:35

LME aluminum will range USD 2,110-2,135/mt today, seeking support from SHFE aluminum.

SHANGHAI, Sep. 12 (SMM) –LME aluminum will range USD 2,110-2,135/mt today, seeking support from SHFE aluminum. SHFE 1711 aluminum shot up yesterday, and will advance further to RMB 16,500-16,700/mt today since longs still prevail.

In east China’s spot aluminum market, spot discounts are expected at RMB 100-60/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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SMM Comments

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SHFE Aluminum to Rise further (2017-9-12)

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