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

Published: Sep 12, 2017 09:35

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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.

SHFE aluminum prices aluminum prices Al price base metal price forecast

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