SHFE Aluminum to Hover at Highs (2017-9-19)

Published: Sep 19, 2017 09:37

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LME aluminum will range USD 2,080-2,107/mt today.

SHANGHAI, Sept. 19 (SMM) –LME aluminum will range USD 2,080-2,107/mt today. It is rumored that aluminum cuts in winter heating season will be based on legal capacity. Caution among longs and shorts will leave SHFE 1711 aluminum will moving at RMB 16,260-16,500/mt today.

In east China’s spot aluminum market, spot discounts are expected at RMB 190-150/mt over SHFE 1710 aluminum contract.

SHFE aluminum prices aluminum prices Al price base metal price forecast

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