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

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

Price Review & Forecast 09:40:20AM Sep 14, 2017 Source:SMM

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. 

  


 

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

Price Review & Forecast 09:40:20AM Sep 14, 2017 Source:SMM

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.