SHFE Aluminum to Rise further (2017-9-12)-Shanghai Metals Market

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

Price Review & Forecast 09:35:04AM Sep 12, 2017 Source:SMM

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 to Rise further (2017-9-12)

Price Review & Forecast 09:35:04AM Sep 12, 2017 Source:SMM

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.