SHFE Aluminum to See Greater Volatility (2017-9-20)

Sep 20, 2017 09:27

LME aluminum rose yesterday with positions down sharply, indicating strong risk aversion.

SHANGHAI, Sept. 20 (SMM) –LME aluminum rose yesterday with positions down sharply, indicating strong risk aversion. Technical side is positive for LME aluminum. LME aluminum will range USD 2,110-2,140/mt today. SHFE 1711 aluminum will trade in a wide range of RMB 16,450-16,700/mt today.

In east China’s spot aluminum market, spot discounts are expected at RMB 210-170/mt over SHFE 1710 aluminum contract.

SHFE aluminum prices

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SHFE Aluminum to See Greater Volatility (2017-9-20)

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