LME Aluminum to Lack Rising Impetus (2017-9-14) _SMM

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Home / Metal News / Aluminium / LME Aluminum to Lack Rising Impetus (2017-9-14)

LME Aluminum to Lack Rising Impetus (2017-9-14)

Sep 14,2017 09:40

CST

price review forecast

Source:SMM

LME aluminum will lack rising impetus after breaking through previous highs, and will range USD 2,095-2,125/mt today.

SHANGHAI, Sep. 14 (SMM) –LME aluminum will lack rising impetus after breaking through previous highs, and will range USD 2,095-2,125/mt today. SHFE 1711 aluminum will range RMB 16,450-16,650/mt and show divergent movement with other base metals.

In east China’s spot aluminum market, spot discounts are expected at RMB 120-80/mt over SHFE 1709 aluminum contract.

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